Guardcap Asset Management Ltd Portfolio Changes Q2 2026

As of June 30th, 2026, Guardcap Asset Management Ltd has released data detailing their investment activities during the second quarter. This filing provides insights into how they adjusted their portfolio holdings compared to the previous period.

The investor's portfolio allocation remains diversified across various sectors. Financial Services holds the largest portion at 24.79%, followed by Consumer Cyclical (22.41%) and Healthcare (20.8%). Technology accounts for 18.16% of the total, while Consumer Defensive and Industrials round out the allocations with percentages of 8.41% and 5.43% respectively.

Several major holdings within Guardcap's portfolio experienced significant reductions during Q2:

• CME Group Inc, a key Financial Services stock, saw its share count decrease by 16.46%.
• UnitedHealth Group Inc (UNH), another major Healthcare holding, also reported a decline of approximately 16.5% in its share count.
• illumina Inc experienced a reduction of about 16.6% in shares held within the Healthcare sector.
• Microsoft Corp's Technology position was reduced by roughly 16.4%.
• Mastercard Incorporated saw its Financial Services allocation decrease by approximately 15.7%.

Conversely, Guardcap made a notable purchase during the quarter:

• BKNG, Booking Holdings Inc (Consumer Cyclical), reported an increase of over 600,000 shares (+1898.87%) in its position.

Other significant changes include:

• YUM China Holdings Inc (Consumer Cyclical) saw a substantial reduction of nearly half a million shares (-17.49%).
• Verisk Analytics Inc (Industrials), despite being listed in the top holdings, also experienced a decline of about 16.57%.
• Colgate-Palmolive Co (Consumer Defensive) reported significant reductions (-18.1%).

The portfolio also saw the complete exit of a position in TSM, TAIWAN Semiconductor Manufacturing Co Ltd, with shares reduced to zero (-93.46%), indicating a large sell activity.