Norris Perne & French LLP Investment Changes in Q3 2026

Major Portfolio Shifts

Norris Perne & French LLP's portfolio, valued at $2.29 billion as of September 30, 2026, showed significant changes this quarter. The firm maintained its largest position in the Elevation Series Trust (NPFE), a complex investment vehicle, with a portfolio allocation of 27.2%. This position remained unchanged from the previous period, as the number of shares held stayed constant.

Elsewhere, the firm demonstrated strong conviction in several large-cap US stocks. Microsoft (MSFT) saw its stake increase substantially, with shares rising by 124.08% to an allocation of 7.04%. Similarly, Alphabet Inc. (GOOGL) experienced a significant boost, with share growth of 142.92% and a portfolio weighting of 3.68%. Amazon.com (AMZN) also received a large increase in allocation, growing by 178.42% to 2.69%.

Additionally, the firm bolstered its position in Taiwan Semiconductor Manufacturing Company (TSM) by 95.11%, adding shares equivalent to its previous holding, bringing its allocation to 2.32%. Danaos Corp (DHR) and Visa Inc (V) also saw notable increases, with share growths of 122.84% and 157.47% respectively, resulting in portfolio allocations of 2.57% and 2.25%.

New Positions and Increased Holdings

Alongside strengthening existing positions, Norris Perne & French LLP established new holdings or increased stakes in several other sectors. The firm added shares in Trimble Inc (TRMB), Knight-Swift Transnational Holdings Inc (KNX), and SS&C Technologies Holdings (SSNC), all within the Technology sector, increasing their respective portfolio allocations to 0.88%, 1.32%, and 0.90%.

Notably, the firm also increased its stake in Ball Corporation (BALL) by 84.86%, significantly boosting its allocation to 2.15%. This was one of the largest increases in terms of percentage change in the portfolio. Furthermore, the investment in Applied Materials Inc (AMAT) grew by 122.91%, adding another 0.02% allocation.

Sector Allocation and Position Changes

The overall sector allocation of Norris Perne & French LLP's portfolio reflects a diversified approach, with Technology being a major focus at 24.36% of the total value. Consumer Cyclical and Healthcare sectors also feature prominently, holding 8.39% and 8.19% respectively. Financial Services accounts for 7.68% of the portfolio value.

The firm's activity this quarter was characterized by a high number of position changes. Out of the total holdings, 152 positions changed, indicating a dynamic portfolio. While the data doesn't show the exact number of positions sold, the significant sell signals noted in the portfolio indicators suggest activity in exiting other positions, though the specific stocks are not detailed here.

The portfolio's top holdings show a concentration in large, established US companies, with Technology and Consumer Cyclical sectors dominating the largest allocations. The holding count stands at 156, and the top five holdings represent 43.42% of the total portfolio value, highlighting a significant tilt towards these large positions.