Top investments

Holdings over 1% of net assets at 31 March 2018 were as follows:

NamePoolGeographyBusinessValue £mNet assets %
CobeholdUnquotedBelgiumInvestment company93.55.1
Seven Investment ManagementUnquotedUKInvestment management91.55.0
Choice Care GroupUnquotedUKCare homes provider81.94.4
Gala BingoUnquotedUKBingo operator74.54.1
Liberation GroupUnquotedJerseyPubs and restaurants72.94.0
Aberdeen US PE fundsFundsUSFunds of funds58.73.2
NTAsset fundsFundsAsiaQuoted market funds44.32.4
Arlington AVM Ranger fundFundsUSQuoted market fund42.02.3
AG BarrQuotedUKSoft drinks39.82.2
Macquarie Asia New Stars fundFundsAsiaQuoted market fund38.82.1
MicrosoftQuotedUSInfrastructure technology37.32.0
British American TobaccoQuoted/IncomeUKTobacco36.92.0
Spirax SarcoQuotedUKSteam engineering32.21.8
Polar CapitalQuotedUKFund manager31.31.7
Capital Today China Growth fundFundsChinaPrivate equity fund31.01.7
FlowserveQuotedUSIndustrial engineering30.01.6
Hill & SmithQuotedUKInfrastructure products28.91.6
OracleQuotedUSInfrastructure technology28.11.5
Jardine MathesonQuotedSingaporeIndustrial engineering27.81.5
JF Lehman fundsFundsUSPrivate equity funds27.71.5
PVAM Perlus Microcap fundFundsUSQuoted market fund26.11.4
Thermo Fisher ScientificQuotedUSBiotechnology development24.91.4
Becton DickinsonQuotedUSMedical technology24.41.3
Asia Alternatives fundsFundsAsiaFunds of funds23.81.3
Overlook Partners fundFundsAsiaQuoted market fund23.61.3
Philip MorrisQuoted/IncomeUSTobacco23.21.3
Sports Information ServicesUnquotedUKBroadcasting services22.61.2
WatscoQuotedUSTransportation20.21.1
Axiom Asia fundsFundsAsiaFunds of funds19.41.1
NestléQuotedSwitzerlandPackaged foods19.01.0
Other investments404.622.0
Investment portfolio1,580.986.1
Non-pool investments29.01.6
Cash and other items226.712.3
Net assets1,836.6100.0