# GUARDCAP ASSET MANAGEMENT Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1732008. Source: https://holderbook.com/funds/1732008-guardcap-asset-management-ltd/

- Reported value: $2.8B
- Positions: 18
- Weight of the ten largest: 83.9%
- Filed: 2026-08-04

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $344.3M | 1,546,450 | 12.2% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $319.7M | 776,830 | 11.4% | 31 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $266.1M | 6,511,366 | 9.5% | 31 |
| ILLUMINA INC | [ILMN](https://holderbook.com/stocks/ILMN/) | $257.5M | 1,480,264 | 9.2% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $243.3M | 1,292,432 | 8.6% | 31 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $236.7M | 2,603,954 | 8.4% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $228.8M | 445,016 | 8.1% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $193.3M | 512,778 | 6.9% | 22 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $142.3M | 789,026 | 5.1% | 22 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $127.5M | 612,408 | 4.5% | 6 |
| MARKETAXESS HLDGS INC | [MKTX](https://holderbook.com/stocks/MKTX/) | $124.3M | 1,072,648 | 4.4% | 31 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $120.9M | 2,877,166 | 4.3% | 31 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $115.5M | 512,946 | 4.1% | 31 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $74.2M | 566,954 | 2.6% | 25 |
| SMITH A O CORP | [AOS](https://holderbook.com/stocks/AOS/) | $8.0M | 121,110 | 0.3% | 24 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $7.9M | 20,450 | 0.3% | 11 |
| RELX PLC | [RELX](https://holderbook.com/stocks/RELX/) | $2.4M | 76,046 | 0.1% | 2 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $333.3K | 698 | 0.0% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | -3.1% | +14.8% | -17.9% | 100% |
| Q1 2026 | -11.2% | -4.6% | -6.6% | 100% |
| Q4 2025 | +1.9% | +2.4% | -0.4% | 100% |
| Q3 2025 | -5.5% | +7.8% | -13.3% | 100% |
| Q2 2025 | +1.5% | +10.5% | -9.0% | 100% |
| Q1 2025 | -2.7% | -4.6% | +1.9% | 100% |
| Q4 2024 | +1.2% | +2.1% | -0.9% | 100% |
| Q3 2024 | +11.3% | +5.4% | +5.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.8B | 18 |
| Q1 2026 | $1.7B | 27 |
| Q4 2025 | $3.7B | 27 |
| Q3 2025 | $4.3B | 27 |
| Q2 2025 | $5.1B | 27 |
| Q1 2025 | $5.2B | 27 |
| Q4 2024 | $6.2B | 26 |
| Q3 2024 | $7.3B | 27 |
| Q2 2024 | $7.0B | 28 |
| Q1 2024 | $8.2B | 27 |
| Q4 2023 | $7.8B | 27 |
| Q3 2023 | $7.2B | 26 |