SEC 13F Intelligence

Managers / Q1 2024

M&G INVESTMENT MANAGEMENT LTD

CIK 0000922898 · 10 FENCHURCH AVENUE, LONDON, X0, EC3M 5AG · 02075482293

Reported Value
$28.2B
Q1 2024
Positions
341
Filings on Record
18
2019–present window
Filed
May 8, 2024
amendment (RESTATEMENT)

Summary

M&G Investment Management Ltd reported $28.2B in U.S.-listed holdings across 341 positions for Q1 2024.

The portfolio is heavily concentrated: Ferguson alone accounts for 22.6% of reported value.

Compared with Q4 2023, the fund opened 5 new positions and exited 14.

Portfolio Metrics

Turnover
+0.2%
vs prior filed quarter
Top-10 Concentration
+59.6%
share of reported value
Largest Position
+22.6%
Ferguson
New / Exited
5 / 14
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’19: $11.3BQ4 ’19Q1 ’20: $8.2BQ2 ’20: $9.4BQ3 ’20: $10.0BQ3 ’20Q4 ’20: $16.1BQ1 ’21: $31.8BQ2 ’21: $40.4BQ2 ’21Q3 ’21: $42.0BQ4 ’21: $38.6BQ1 ’22: $51.3BQ1 ’22Q2 ’22: $16.9BQ3 ’22: $17.2BQ4 ’22: $20.2BQ4 ’22Q1 ’23: $21.2BQ2 ’23: $25.0BQ3 ’23: $22.4BQ3 ’23Q4 ’23: $28.3BQ1 ’24: $28.2Bfilingsflow.com

Portfolio Composition

By security type
Other: 45.3%Common Stock: 40.7%US DOMESTIC: 8.4%REIT: 3.3%ADR: 2.2%Other: 0.1%
  • Other · 45.3% · $12.8B
  • Common Stock · 40.7% · $11.5B
  • US DOMESTIC · 8.4% · $2.4B
  • REIT · 3.3% · $943M
  • ADR · 2.2% · $613M
  • Other · 0.1% · $38M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ADMARCHER DANIELS MIDLAND CONEW+30.6K30.6K+$2M$2M
NTRNUTRIEN LTDNEW+39.2K39.2K+$2M$2M
ARRYARRAY TECHNOLOGIES INCNEW+126.5K126.5K+$2M$2M
AKAMAKAMAI TECHNOLOGIES INCNEW+17.7K17.7K+$2M$2M
ALBALBEMARLE CORPNEW+12.0K12.0K+$2M$2M
MBLYMOBILEYE GLOBAL INCADDED+31.8K53.2K+$1M$2M
TSLATESLA INCSOLD OUT−11.5K0−$3M$0
NOWSERVICENOW INCSOLD OUT−3.9K0−$3M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2024

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FERGUSON PLC NEWSHS22.57%$6.4B331.5K
2DIVERSIFIED ENERGY COMPANY PSHS NEW12.25%$3.5B2.43M
3INTERDIGITAL INCNOTE 3.500% 6/07.13%$2.0B6.63M
4BURFORD CAP LTDORD SHS6.21%$1.8B1.13M
5MSFTMICROSOFT CORPhistory →COM3.08%$869M2.31M
6AVGOBROADCOM INChistory →COM2.52%$712M638.2K
7MEOHMETHANEX CORPhistory →COM2.18%$616M13.11M
8BMYBRISTOL-MYERS SQUIBB COhistory →COM1.30%$366M7.19M
9GOOGLALPHABET INChistory →CAP STK CL A1.17%$330M2.36M
10VVISA INChistory →COM CL A1.15%$325M1.25M
11MEDTRONIC PLCSHS0.95%$268M3.27M
12NEENEXTERA ENERGY INChistory →COM0.94%$264M4.34M
13VFCV F CORPhistory →COM0.84%$236M12.41M
148CWCROWN CASTLE INChistory →COM0.83%$233M2.03M
15UNHUNITEDHEALTH GROUP INChistory →COM0.82%$232M442.0K
16ADIANALOG DEVICES INChistory →COM0.78%$220M1.11M
17FNVFRANCO NEV CORPhistory →COM0.76%$216M1.94M
18KOCOCA COLA COhistory →COM0.76%$214M3.63M
19AREALEXANDRIA REAL ESTATE EQ INhistory →COM0.74%$210M1.65M
20ELVELEVANCE HEALTH INChistory →COM0.72%$204M432.5K
21LOWLOWES COS INChistory →COM0.70%$199M892.1K
22EQIXEQUINIX INChistory →COM0.67%$189M234.2K
23BLKCHFBLACKROCK INChistory →COM0.66%$187M230.3K
24AMTAMERICAN TOWER CORP NEWhistory →COM0.64%$180M834.8K
25UBS GROUP AGSHS0.61%$173M5.58M
26BDXBECTON DICKINSON & COhistory →COM0.59%$166M680.2K
27ENBENBRIDGE INChistory →COM0.58%$163M4.51M
28JPMJPMORGAN CHASE & COhistory →COM0.58%$163M955.9K
29INTCINTEL CORPhistory →COM0.54%$153M3.07M
30STELLANTIS N.VSHS0.53%$149M6.43M
31CSXCSX CORPhistory →COM0.50%$140M3.99M
32MAMASTERCARD INCORPORATEDhistory →CL A0.47%$134M312.8K
33AESAES CORPhistory →COM0.47%$133M6.99M
34RSGREPUBLIC SVCS INChistory →COM0.46%$130M790.4K
35BEKEKE HLDGS INChistory →SPONSORED ADS0.45%$127M7.93M
36QCOMQUALCOMM INChistory →COM0.43%$122M841.2K
37TRPTC ENERGY CORPhistory →COM0.43%$120M3.08M
38BNBROOKFIELD CORPhistory →CL A LTD VT SH0.42%$119M2.98M
39MRSHMARSH & MCLENNAN COS INChistory →COM0.42%$119M630.5K
40CMECME GROUP INChistory →COM0.39%$111M525.8K
41JOHNSON CTLS INTL PLCSHS0.39%$109M1.88M
42PEPPEPSICO INChistory →COM0.38%$108M632.9K
43AKXANSYS INChistory →COM0.38%$107M294.7K
44CMCSACOMCAST CORP NEWhistory →CL A0.35%$99M2.25M
45EIXEDISON INTLhistory →COM0.33%$94M1.32M
46XIFRNEXTERA ENERGY PARTNERS LPhistory →COM UNIT PART IN0.33%$94M3.12M
47AXPAMERICAN EXPRESS COhistory →COM0.33%$93M496.9K
48ESEVERSOURCE ENERGYhistory →COM0.33%$92M1.48M
49AWCAMERICAN WTR WKS CO INC NEWhistory →COM0.32%$91M692.3K
50LINDE PLCSHS0.31%$89M216.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2024$28.2B341May 8, 2024RESTATEMENTchanges · EDGAR ↗
Q4 2023$28.3B350Feb 8, 202413F-HRchanges · EDGAR ↗
Q3 2023$22.4B342Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$25.0B369Aug 1, 202313F-HRchanges · EDGAR ↗
Q1 2023$21.2B404May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$20.2B438Jan 27, 202313F-HRchanges · EDGAR ↗
Q3 2022$17.2B415Nov 1, 202213F-HRchanges · EDGAR ↗
Q2 2022$16.9B440Aug 25, 202213F-HRchanges · EDGAR ↗
Q1 2022$51.3B462May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$38.6B477Jan 18, 202213F-HRchanges · EDGAR ↗
Q3 2021$42.0B739Nov 9, 202113F-HRchanges · EDGAR ↗
Q2 2021$40.4B741Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$31.8B449May 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$16.1B442Feb 2, 202113F-HRchanges · EDGAR ↗
Q3 2020$10.0B437Oct 26, 202013F-HRchanges · EDGAR ↗
Q2 2020$9.4B403Jul 22, 202013F-HRchanges · EDGAR ↗
Q1 2020$8.2B400Apr 9, 202013F-HRchanges · EDGAR ↗
Q4 2019$11.3B429Jan 28, 202013F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.