
Quoted Equity
We believe you build wealth by owning companies, not trading them on the stock market.
Focused on ‘co-owning’ companies that are built on solid foundations and generate cash, we target businesses that we understand and that can deliver good returns on capital. We tend to find these companies within technology, healthcare and life sciences equipment and services, industrials and consumer goods.
In our search for underlying predictability and pricing power, we look for factors such as a strong brand, scalability, repeat business and a strong market position.
The strategy has two key objectives, firstly to provide exposure to individually excellent companies for a long period of time to gain long-term economic benefit. Secondly, to hold these in a combination that creates a relatively resilient equity portfolio.
The Quoted Equity strategy is split into two portfolios: Capital and Income.
The portfolios contain significant holdings in well managed companies, held for the long term. These investments typically offer substance, brand, intellectual property and strong market position.
Ben Archer and Alan Murran are Co-Heads of Quoted Equity with Ben having responsibility for the Income portfolio and Alan having responsibility for the Capital portfolio.

“The Quoted portfolio is a risk managed, concentrated collection of high quality companies which we can hold for long periods of time. We always invest with a margin of safety, using general stock market volatility for entry points and to make sure we are being careful with our shareholders’ money.”
Mat Masters
CEO
Meet the Quoted Equity teamCombined portfolio performance data
Over 1 Yr
Over 3 Yrs
Over 5 Yrs
Annualised Return
0.2%
14.2%
11.2%
Capital Portfolio
Performance Data
Over 1 Yr
Over 3 Yrs
Over 5 Yrs
Annualised Return
1.1%
16.4%
14.1%
Significant Pool Investments
Name
Value (£m)
Other investments
118.8
Total
618.0
Geographic distribution
Sector distribution
Income Portfolio
Performance Data
Over 1 Yr
Over 3 Yrs
Over 5 Yrs
Annualised Return
-2.4%
9.2%
5.2%
Significant Pool Investments
Name
Value (£m)
Yield %
Other investments
44.5
4.4
Total
218.9
4.0
Geographic distribution
Sector distribution
Our geographical analysis reflects listing location.