# MILFORD FUNDS LTD

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1775715. Source: https://holderbook.com/funds/1775715-milford-funds-ltd/

- Reported value: $6.1B
- Positions: 91
- Weight of the ten largest: 46.9%
- Filed: 2026-07-30

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 |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $401.8M | 2,008,089 | 6.5% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $398.1M | 1,670,487 | 6.5% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $379.3M | 1,016,770 | 6.2% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $347.1M | 982,421 | 5.7% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $331.1M | 1,144,314 | 5.4% | 3 |
| ARAMARK | [ARMK](https://holderbook.com/stocks/ARMK/) | $296.2M | 5,206,279 | 4.8% | 3 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $231.4M | 484,461 | 3.8% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $189.7M | 336,824 | 3.1% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $180.6M | 3,170,053 | 2.9% | 3 |
| NATIONAL GRID PLC | [NGG](https://holderbook.com/stocks/NGG/) | $126.7M | 1,529,471 | 2.1% | 3 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $126.4M | 1,629,520 | 2.1% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $123.0M | 106,516 | 2.0% | 3 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $120.7M | 443,806 | 2.0% | 3 |
| API GROUP CORP | [APG](https://holderbook.com/stocks/APG/) | $119.2M | 2,814,037 | 1.9% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $116.8M | 309,303 | 1.9% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $99.1M | 390,256 | 1.6% | 1 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $93.6M | 407,718 | 1.5% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $93.0M | 284,028 | 1.5% | 3 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $92.6M | 2,169,484 | 1.5% | 3 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $91.9M | 1,213,248 | 1.5% | 3 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $85.0M | 169,454 | 1.4% | 3 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $82.2M | 210,739 | 1.3% | 3 |
| RYANAIR HOLDINGS PLC | [RYAAY](https://holderbook.com/stocks/RYAAY/) | $81.8M | 1,263,847 | 1.3% | 3 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $80.1M | 489,853 | 1.3% | 3 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $76.0M | 800,895 | 1.2% | 3 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $74.7M | 684,565 | 1.2% | 2 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $73.8M | 102,084 | 1.2% | 2 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $73.6M | 126,671 | 1.2% | 2 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $69.9M | 552,093 | 1.1% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $63.9M | 53,305 | 1.0% | 3 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $62.7M | 465,564 | 1.0% | 3 |
| INGERSOLL RAND INC | [IR](https://holderbook.com/stocks/IR/) | $57.9M | 705,825 | 0.9% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $57.4M | 167,308 | 0.9% | 3 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $57.0M | 547,947 | 0.9% | 2 |
| FLOWSERVE CORP | [FLS](https://holderbook.com/stocks/FLS/) | $55.8M | 752,387 | 0.9% | 1 |
| TOLL BROTHERS INC | [TOL](https://holderbook.com/stocks/TOL/) | $55.3M | 335,735 | 0.9% | 3 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $55.2M | 264,258 | 0.9% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $54.9M | 768,519 | 0.9% | 3 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $53.0M | 1,435,411 | 0.9% | 3 |
| CHENIERE ENERGY INC | [LNG](https://holderbook.com/stocks/LNG/) | $53.0M | 221,631 | 0.9% | 3 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $52.9M | 202,506 | 0.9% | 3 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $50.8M | 135,437 | 0.8% | 2 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $49.1M | 36,841 | 0.8% | 3 |
| PULTE GROUP INC | [PHM](https://holderbook.com/stocks/PHM/) | $42.8M | 312,140 | 0.7% | 3 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $42.7M | 224,115 | 0.7% | 3 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $40.1M | 295,893 | 0.7% | 3 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $38.3M | 822,856 | 0.6% | 2 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $36.6M | 71,339 | 0.6% | 3 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $33.0M | 353,829 | 0.5% | 3 |
| JONES LANG LASALLE INC | [JLL](https://holderbook.com/stocks/JLL/) | $32.2M | 104,000 | 0.5% | 3 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $29.7M | 212,918 | 0.5% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $28.4M | 68,386 | 0.5% | 1 |
| AMEREN CORP | [AEE](https://holderbook.com/stocks/AEE/) | $27.8M | 245,838 | 0.5% | 3 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $27.5M | 80,722 | 0.4% | 1 |
| GXO LOGISTICS INCORPORATED | [GXO](https://holderbook.com/stocks/GXO/) | $26.4M | 519,977 | 0.4% | 3 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $24.6M | 60,435 | 0.4% | 3 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $23.0M | 157,195 | 0.4% | 1 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $21.4M | 246,101 | 0.3% | 3 |
| HILTON WORLDWIDE HLDGS INC | [HLT](https://holderbook.com/stocks/HLT/) | $20.8M | 63,032 | 0.3% | 2 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $19.1M | 168,275 | 0.3% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $18.5M | 111,375 | 0.3% | 1 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $17.3M | 78,253 | 0.3% | 3 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $16.3M | 108,000 | 0.3% | 3 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $15.8M | 63,723 | 0.3% | 2 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $14.3M | 198,376 | 0.2% | 3 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $10.7M | 87,228 | 0.2% | 3 |
| FISERV INC | [FISV](https://holderbook.com/stocks/FISV/) | $10.2M | 208,000 | 0.2% | 3 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $10.1M | 37,218 | 0.2% | 3 |
| CITIZENS FINL GROUP INC | [CFG](https://holderbook.com/stocks/CFG/) | $9.5M | 135,000 | 0.2% | 3 |
| CENTERPOINT ENERGY INC | [CNP](https://holderbook.com/stocks/CNP/) | $9.2M | 208,322 | 0.1% | 3 |
| LIFE360 INC | [LIF](https://holderbook.com/stocks/LIF/) | $8.3M | 149,737 | 0.1% | 3 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $6.9M | 40,400 | 0.1% | 1 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $6.8M | 3,005 | 0.1% | 1 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $5.0M | 16,714 | 0.1% | 1 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $4.9M | 13,231 | 0.1% | 1 |
| GRAPHIC PACKAGING HLDG CO | [GPK](https://holderbook.com/stocks/GPK/) | $4.7M | 440,110 | 0.1% | 3 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $4.6M | 17,768 | 0.1% | 1 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $3.5M | 18,192 | 0.1% | 1 |
| TC ENERGY CORP | [TRP](https://holderbook.com/stocks/TRP/) | $2.7M | 29,163 | 0.0% | 2 |
| RESMED INC | [RMD](https://holderbook.com/stocks/RMD/) | $1.9M | 10,000 | 0.0% | 3 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $1.7M | 9,648 | 0.0% | 1 |
| HALEON PLC | [HLN](https://holderbook.com/stocks/HLN/) | $1.7M | 180,000 | 0.0% | 3 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $1.7M | 52,327 | 0.0% | 3 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $1.3M | 14,367 | 0.0% | 3 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $1.2M | 2,709 | 0.0% | 1 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $846.0K | 4,100 | 0.0% | 1 |
| AMERICAN WTR WKS CO INC NEW | [AWK](https://holderbook.com/stocks/AWK/) | $486.8K | 3,700 | 0.0% | 1 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $458.8K | 4,621 | 0.0% | 3 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $426.1K | 2,720 | 0.0% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $357.4K | 1,000 | 0.0% | 1 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $352.9K | 2,000 | 0.0% | 3 |

## 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 | +9.4% | +14.8% | -5.4% | 100% |
| Q1 2026 | -7.0% | -4.6% | -2.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $6.1B | 91 |
| Q1 2026 | $4.8B | 75 |
| Q4 2025 | $5.1B | 76 |