Rathbones Group PLC

The portfolio is heavily concentrated in its top-tier assets, with the top 10 holdings accounting for approximately 31.7% of the total portfolio value. Despite the large number of holdings, the firm employs a "core-satellite" strategy where a significant portion of capital is deployed into mega-cap liquid assets, while the remainder is spread across a wider universe of mid-cap and specialized stocks. The inclusion of an International Bond ETF in the top holdings (position 26) further signals a multi-asset approach, balancing equity exposure with fixed income stability.

2. Key Holdings

The portfolio is dominated by U.S. mega-cap technology and financial leaders, reflecting a "quality growth" bias.