Brunner Investment Trust PLC (BUT) has published its latest portfolio disclosure, revealing total gross assets of £761,754,656 as at 30 October 2026. The globally diversified investment trust's top position is held by Visa Inc Class A Shares, valued at over £25 million, with North America accounting for nearly half of total investments. The update offers investors a detailed snapshot of the trust's current positioning across equities and geographies, underscoring its broad international mandate.

Key Points

  • Brunner Investment Trust PLC (BUT) published its top 10 holdings and geographical distribution as at 30 October 2026
  • Total gross assets stood at £761,754,656, with total stock value of £753,994,927 across all regions
  • Visa Inc Class A Shares was the largest holding at £25,070,687, representing 3.29% of the portfolio
  • Investors should watch for any shifts in the North America weighting, which currently dominates at 46.47% of invested assets

Visa, Microsoft and Shell Lead Brunner's Top 10 as at 30 October 2026

The trust's ten largest holdings collectively reflect a blend of global technology, financial services, and energy names. Visa Inc Class A Shares tops the list at £25,070,687 (3.29%), followed closely by Microsoft Corp at £24,233,332 (3.18%) and Shell Plc at £24,058,912 (3.16%). Corpay Inc and Taiwan Semiconductor SP ADR round out the top five, valued at £22,792,310 and £22,616,522 respectively. Further down, Alphabet Inc, Thermo Fisher Scientific, SSE Plc, TotalEnergies SE, and AIA Group Ltd complete the ten largest positions, with the smallest of these, AIA Group, valued at £17,670,787, representing 2.32% of gross assets.

North America Accounts for 46.47% of Brunner's Total Investment Portfolio

Geographically, North America is the trust's dominant region, with United States holdings valued at £350,385,104, equal to 46.47% of the total investment portfolio of £753,994,927. The United Kingdom is the second-largest allocation at £202,006,938, or 26.79%. Europe ex UK contributes 15.72% at £118,501,072, spread across France, Germany, Spain, Sweden, Ireland, the Netherlands, and Norway. The Pacific ex Japan allocation stands at 7.49% (£56,495,511), comprising Taiwan, Hong Kong, Australia, and South Korea. Japan represents a further 3.53% at £26,606,302, completing the trust's global spread.

Brunner's Global Mandate and Multi-Sector Exposure Reflected in October Portfolio

Brunner Investment Trust operates as a globally diversified equity investment trust, seeking long-term capital and income growth. Its portfolio spans multiple sectors, including technology, energy, healthcare, and financial services, across developed markets in North America, Europe, Asia, and the Pacific. The October 2026 disclosure illustrates this breadth, with no single holding exceeding 3.29% of gross assets, reflecting deliberate diversification. Investors monitoring sector concentration risk may note the trust's meaningful exposure to US large-cap technology through Microsoft, Alphabet, and Taiwan Semiconductor, alongside defensive positions in Shell, TotalEnergies, and SSE within the energy and utilities space.