Twelve groups · 28 named holdings
Portfolio
Organised by what each holding actually is rather than by where it happens to be listed. Each group has its own page.
In short
Bellwether Holdings holds twenty-eight named positions across twelve investment groups: consumer and household, food and drink, grocery and general retail, fashion and sportswear, technology, telecommunications, energy, travel and mobility, growth and private, digital assets, currencies, and a group of small unnamed global holdings.
Consumer & household
The shelf people restock without thinking. Detergent, deodorant, tea and ice cream are bought on a rhythm set by the household, not by the market.
3 holdingsView group → Listed equityFood & drink
Bought several times a week, at a price the customer stopped questioning years ago.
3 holdingsView group → Listed equityGrocery & general retail
Thin margins, enormous volume, and a physical network no online entrant has managed to rebuild cheaply.
3 holdingsView group → Listed equityFashion & sportswear
Speed from sketch to shop floor is the whole game, and only a few operators are genuinely good at it.
4 holdingsView group → Listed equityTechnology & digital
Three businesses that have turned a one-off purchase into a monthly one.
3 holdingsView group → Listed equityTelecommunications
Infrastructure that is expensive to build, impossible to duplicate, and billed by direct debit every month.
2 holdingsView group → Listed equityEnergy
The cash engine. Three European majors whose distributions fund patience elsewhere in the book.
3 holdingsView group → Listed equityTravel & mobility
Getting people from one place to another, at the lowest cost per unit that anyone has managed.
4 holdingsView group → Listed and unlistedGrowth & private
A small allocation to businesses that are earlier, stranger, or not listed at all.
3 holdingsView group → Digital assetsDigital assets
A small, deliberately diversified allocation across settlement layers, infrastructure and the occasional bet on culture.
7 holdingsView group → Cash & FXCurrencies
Cash is a position, not a leftover. Reserves are held across the currencies the portfolio actually earns in.
7 holdingsView group → DiversifiedBroad global holdings
Beyond the named positions, the company holds small stakes in a wide range of companies worldwide.
Not itemisedView group →| Holding | Ticker | Group | Venue | Latest price |
|---|---|---|---|---|
| Procter & Gamble | PG | Consumer & household | NYSE | … |
| Unilever | ULVR | Consumer & household | London · Amsterdam | … |
| The Magnum Ice Cream Company | MICC | Consumer & household | Euronext Amsterdam | … |
| McDonald's | MCD | Food & drink | NYSE | … |
| Starbucks | SBUX | Food & drink | Nasdaq | … |
| Asahi Group Holdings | 2502 | Food & drink | Tokyo | … |
| Ahold Delhaize | AD | Grocery & retail | Euronext Amsterdam | … |
| Carrefour | CA | Grocery & retail | Euronext Paris | … |
| Hornbach Holding | HBH | Grocery & retail | Xetra | … |
| Inditex | ITX | Fashion & sportswear | BME Madrid | … |
| H&M | HM B | Fashion & sportswear | Nasdaq Stockholm | … |
| Zalando | ZAL | Fashion & sportswear | Xetra | … |
| JD Sports Fashion | JD. | Fashion & sportswear | London | … |
| Apple | AAPL | Technology | Nasdaq | … |
| Amazon | AMZN | Technology | Nasdaq | … |
| Netflix | NFLX | Technology | Nasdaq | … |
| Vodafone | VOD | Telecoms | London | … |
| KPN | KPN | Telecoms | Euronext Amsterdam | … |
| Shell | SHEL | Energy | London | … |
| BP | BP. | Energy | London | … |
| TotalEnergies | TTE | Energy | Euronext Paris | … |
| Ryanair | RYA | Travel & mobility | Euronext Dublin | … |
| easyJet | EZJ | Travel & mobility | London | … |
| Uber | UBER | Travel & mobility | NYSE | … |
| Sixt | SIX2 | Travel & mobility | Xetra | … |
| Virgin Galactic | SPCE | Growth & private | NYSE | … |
| The Sharing Group | PRIVATE | Growth & private | Amsterdam · unlisted | Unlisted |
| Grant & Graham Ltd | PRIVATE | Growth & private | London · unlisted | Unlisted |
| Bitcoin | BTC | Digital assets | Digital asset | … |
| Polkadot | DOT | Digital assets | Digital asset | … |
| Algorand | ALGO | Digital assets | Digital asset | … |
| 1inch Network | 1INCH | Digital assets | Digital asset | … |
| Pyth Network | PYTH | Digital assets | Digital asset | … |
| Cartesi | CTSI | Digital assets | Digital asset | … |
| Dogecoin | DOGE | Digital assets | Digital asset | … |
| Pound sterling | GBP | Currencies | Base currency | … |
| Euro | EUR | Currencies | Reserve | … |
| US dollar | USD | Currencies | Reserve | … |
| Japanese yen | JPY | Currencies | Reserve | … |
| Swiss franc | CHF | Currencies | Reserve | … |
| Swedish krona | SEK | Currencies | Operating | … |
| Norwegian krone | NOK | Currencies | Operating | … |
Prices are delayed and indicative, last refreshed on load. Shown for identification only; not a valuation of any position.
Frequently asked questions
What does Bellwether Holdings own?
Twenty-eight named holdings across eleven groups — consumer, food and drink, retail, fashion, technology, telecoms, energy, mobility and growth or private — plus seven digital assets, seven currency reserves and a twelfth group of small unnamed global positions.
How is the portfolio organised?
By what each holding is rather than where it is listed. A grocer listed in Amsterdam and one listed in Paris sit in the same group, because the business is the thing being judged.
Are position sizes published?
No. Groups are described by their contents and their role in the portfolio, but individual weightings are not disclosed.
Where are the holdings listed?
Across ten venues: the NYSE, Nasdaq, London, Euronext Amsterdam, Euronext Paris, Euronext Dublin, Xetra, BME Madrid, Nasdaq Stockholm and Tokyo. Two holdings are unlisted.