Top investments

Holdings over 1% of net assets at 30 September 2019 were as follows:

NamePoolGeographyBusinessValue £mNet assets %
Deep Sea ElectronicsPrivate CapUKControl systems117.55.7
CobeholdPrivate CapBelgiumInvestment company110.95.3
Seven Investment ManagementPrivate CapJerseyInvestment management105.85.1
Buzz BingoPrivate CapUKBingo operator99.44.8
Cooke OpticsPrivate CapUKCine lens manufacturer92.54.5
Stonehage FlemingPrivate CapJerseyFamily office services91.94.4
Aberdeen US PE fundsFundsUSFunds of funds91.94.4
Liberation GroupPrivate CapJerseyPubs and restaurants89.24.3
Axiom Asia fundsFundsAsiaFunds of funds47.82.3
MicrosoftQuotedUSInfrastructure technology45.42.2
Spirax SarcoQuotedUKSteam engineering38.21.8
JF Lehman fundsFundsUSPrivate equity funds38.11.8
Asia Alternative fundsFundsAsiaFunds of funds35.21.7
Charter CommunicationsQuotedUSCable broadband34.41.7
OracleQuotedUSInfrastructure technology34.11.6
Thermo Fisher ScientificQuotedUSScientific analysis support33.21.6
Becton DickinsonQuotedUSMedical technology32.41.6
Polar CapitalQuotedUKFund manager30.91.5
NestléQuotedSwitzerlandPackaged foods29.81.4
Stonepeak fundsFundsUKInfrastructure funds28.71.4
Hill & SmithQuotedUKInfrastructure products27.21.3
British American TobaccoQuoted/IncomeUKTobacco26.21.3
Overlook Partners fundFundsAsiaQuoted market fund25.81.2
AG BarrQuotedUKSoft drinks24.51.2
BioAgilytixPrivate CapUSBioanalytical testing services24.31.2
WatscoQuotedUSVentilation products24.11.2
PAG Asia Capital fundFundsAsiaPrivate equity fund23.41.1
WatersQuotedUSLife sciences support23.01.1
UnileverQuotedUKConsumer goods20.81.0
Other investments564.427.1
Total pool investments2,011.096.8
Non-pool investments32.51.6
Cash and other items33.01.6
Net assets2,076.5100.0

1. Geography is based on the country of listing, country of domicile for unlisted investments and underlying regional analysis for funds.

2. Unquoted rebranded to Private Capital 1 October 2019.