IT Portfolios - Top Ten Holdings

capital0ne

ITs invest in many other shares like RDSB, GSK etc so you have to be careful when buying an IT that you don't duplicate any particular company.

It's easy enough to see an ITs top ten holdings, but is there any converse site that will show you which ITs hold a particular share?

For example which ITs hold RDSB, GSK, ULVR in their top ten holdings?

Thrugelmir

If you want diversification buy IT's in uncorrelated sectors. Duplication of individual shares is unlikely to result in a large value holding in any event.

bowlhead99

capital0ne wrote: »

ITs invest in many other shares like RDSB, GSK etc so you have to be careful when buying an IT that you don't duplicate any particular company.

False. You don't have to be careful not to duplicate any company. You can trust the manager of the IT, whom you're paying a management fee, to construct a portfolio that meets the objective of the IT.

You could go mad trying to make sure that two managers whose investing styles you rate, don't both like any particular company. If they did both like that particular company, because it was a good company with a great price or prospects, it wouldn't be a reason to shun one manager or the other and avoid their fund (necessarily avoiding all their other good holdings).

It's easy enough to see an ITs top ten holdings, but is there any converse site that will show you which ITs hold a particular share?

I don't think any of the fund / investment company data publishing companies offer that for free.

For example which ITs hold RDSB, GSK, ULVR in their top ten holdings?

For companies that are relatively small you can often see names of their larger shareholders published on their own websites or making notifications of interest through RNS releases under the stock exchange listing rules.

However for a massive £100bn company like RDS, a 3% notifiable interest is £3bn [not exact figures just dummy data for my explanation] and you wouldn't have any investment trusts with that much invested in any one company so their interest wouldn't be notifiable to the stock exchange

ColdIron

capital0ne wrote: »

ITs invest in many other shares like RDSB, GSK etc so you have to be careful when buying an IT that you don't duplicate any particular company

Why single out investment trusts?

IanSt

Even if there was some easy method of getting the information you are after before deciding to purchase a fund/trust, what would you do if at some point in the future the manager then bought into some specific set of shares that you also have via direct means or in other funds?

I think once you are happy with the fund/trust and its objectives then really you have to leave it to the fund manager to choose the right shares.

bostonerimus

capital0ne wrote: »

ITs invest in many other shares like RDSB, GSK etc so you have to be careful when buying an IT that you don't duplicate any particular company.

It's easy enough to see an ITs top ten holdings, but is there any converse site that will show you which ITs hold a particular share?

For example which ITs hold RDSB, GSK, ULVR in their top ten holdings?

With IT's you should be worrying more about gearing and price discounts or premiums. I seldom see those mentioned when people talk about closed end funds.

george4064

Some investment vehicles (ITs/Funds) let you view the entire portfolio on their website, however some require you to register.

A few I know off the top of my head are Edinburgh IT and CF Woodford's funds.

JohnRo

bostonerimus wrote: »

With IT's you should be worrying more about gearing and price discounts or premiums. I seldom see those mentioned when people talk about closed end funds.

Why worry about those things? As LTBH investments go they're two of the reasons ITs tend to do relatively well and a large part of what makes them attractive (as long term investments).

There may be folks who don't realise the aditional risks they carry but I suspect most purchasing them embrace it.

bostonerimus

JohnRo wrote: »

Why worry about those things? As LTBH investments go they're two of the reasons ITs tend to do relatively well and a large part of what makes them attractive (as long term investments).

There may be folks who don't realise the aditional risks they carry but I suspect most purchasing them embrace it.

ITs (CEFs) are far more popular in the UK than in the US. I believe that most people buying them in the UK have no idea about gearing and discount/premium pricing or how ITs differ from open ended funds.

ColdIron

Rather patronising don't you think? Do you have anything beyond your belief to back that up or is it purely a reflection of your personal prejudice?

bostonerimus

ColdIron wrote: »

Rather patronising don't you think? Do you have anything beyond your belief to back that up or is it purely a reflection of your personal prejudice?

It's an observation based on the lack of discussion of percentage gearing and discount/premium pricing for ITs . Also as IT's are popular in the UK and are strongly marketed to the the average UK investor I don't see any reason to believe they are well understood by many that own them given the average level of financial knowledge. I hope that I am wrong!