Legal & General Group Plc

Legal & General Group's US 13F book slipped to $432.4B in Q1 2026 from $450.9B, with the largest dollar moves all reductions in its top weights — Microsoft (-$6.1B), Apple (-$2.6B), and Nvidia (-$2.5B), even as Nvidia (6.83%) and Apple (6.35%) remain its two anchor positions. The UK insurer-manager redeployed toward semiconductor capital equipment and healthcare, building Applied Materials (+$554M) and Johnson & Johnson (+$850M) and opening new stakes in KLAC, Intel, NextEra Energy, GE Vernova, and Gilead. It exited Salesforce, Qualcomm, Abbott, and Morgan Stanley.