Blue Whale Capital Portfolio holdings
Blue Whale Capital is a London firm that manages the Blue Whale Growth Fund, a concentrated global stock fund that holds only 25 to 35 companies. Stephen Yiu, a former Hargreaves Lansdown fund manager, started the firm in 2016 with Peter Hargreaves, a co-founder of Hargreaves Lansdown, and launched the fund in 2017 with Hargreaves's backing. The firm looks for companies that can grow profits for years on the back of long-running trends, at valuations it finds attractive, and does all its research in-house. Its ideal is to hold a company indefinitely, though it will trim or sell if the price gets too high or the outlook changes.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SK Hynix Inc
SKHY
|
+$196M |
| 2 |
Meta Platforms (Facebook)
META
|
+$131M |
| 3 |
Marathon Petroleum
MPC
|
+$115M |
| 4 |
Modine Manufacturing
MOD
|
+$113M |
| 5 |
Lumentum
LITE
|
+$106M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$162M |
| 2 |
Applovin
APP
|
+$84.3M |
| 3 |
Honeywell
HON
|
+$73.9M |
| 4 |
HONA
Honeywell Aerospace
HONA
|
+$73.4M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$73M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 65.8% |
| 2 | Industrials | 12.58% |
| 3 | Communication Services | 6.59% |
| 4 | Energy | 4.1% |
| 5 | Healthcare | 4.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Lam Research
LRCX
$293B
| $398M | 12.4% |
1,211,988
+194,967
| +19% | +$60.9M |
2021 Q3
20 quarters
|
|
2
Applied Materials
AMAT
$302B
| $397M | 12.37% |
776,812
+177,274
| +30% | +$90M |
2026 Q2
1 quarter
|
|
|
3
Lumentum
LITE
$56.6B
| $301M | 9.38% |
310,081
+125,062
| +68% | +$106M |
2025 Q4
3 quarters
|
|
|
4
SK Hynix Inc
SKHY
$971B
| $218M | 6.78% |
+1,182,937
| New | +$196M |
2026 Q3
0 quarters
|
|
|
5
NVIDIA
NVDA
$4.01T
| $198M | 6.17% |
867,476
-756,954
| -47% | -$162M |
2021 Q2
21 quarters
|
|
6
Sandisk
SNDK
$133B
| $196M | 6.12% |
112,854
+15,201
| +16% | +$23.8M |
2026 Q1
2 quarters
|
|
7
Broadcom
AVGO
$1.74T
| $188M | 5.86% |
535,785
+5,307
| +1% | +$2M |
2024 Q1
10 quarters
|
|
8
Seagate
STX
$125B
| $176M | 5.48% |
190,657
+81,435
| +75% | +$69.5M |
2025 Q3
4 quarters
|
|
|
9
Modine Manufacturing
MOD
$5.64B
| $175M | 5.45% |
1,014,690
+551,253
| +119% | +$113M |
2026 Q2
1 quarter
|
|
10
Vertiv
VRT
$80.7B
| $166M | 5.18% |
689,666
+269,151
| +64% | +$73.3M |
2024 Q3
8 quarters
|
|
|
11
Meta Platforms (Facebook)
META
$1.59T
| $152M | 4.73% |
+209,652
| New | +$131M |
2026 Q3
0 quarters
|
|
|
12
Marathon Petroleum
MPC
$112B
| $132M | 4.1% |
+333,128
| New | +$115M |
2026 Q3
0 quarters
|
|
13
Eli Lilly
LLY
$1.27T
| $81.2M | 2.53% |
70,202
-19,783
| -22% | -$23.3M |
2025 Q4
3 quarters
|
|
14
Interactive Brokers
IBKR
$36.9B
| $73.3M | 2.28% |
857,670
+188,108
| +28% | +$17.2M |
2025 Q3
4 quarters
|
|
|
15
Alphabet (Google) Class A
GOOGL
$3.67T
| $59.4M | 1.85% |
172,671
-210,292
| -55% | -$73M |
2026 Q1
2 quarters
|
|
16
Amazon
AMZN
$2.89T
| $55.3M | 1.72% |
+221,782
| New | +$56.3M |
2026 Q3
0 quarters
|
|
17
Newmont
NEM
$117B
| $47.1M | 1.47% |
408,627
-379,646
| -48% | -$42.5M |
2025 Q3
4 quarters
|
|
18
Motorola Solutions
MSI
$87.7B
| $39.8M | 1.24% |
89,196
-53,998
| -38% | -$24.3M |
2025 Q4
3 quarters
|
|
19
Forgent Power Solutions
FPS
$6.08B
| $35.1M | 1.09% |
+938,252
| New | +$34.6M |
2026 Q3
0 quarters
|
|
20
Charles Schwab
SCHW
$158B
| $33.5M | 1.04% |
342,398
| – | – |
2021 Q3
20 quarters
|
|
21
Repligen
RGEN
$10.6B
| $28.1M | 0.88% |
146,210
-32,167
| -18% | -$5.23M |
2025 Q2
5 quarters
|
|
22
QXO Inc
QXO
$13.3B
| $27.7M | 0.86% |
2,365,537
-2,448,466
| -51% | -$33.7M |
2026 Q1
2 quarters
|
|
23
Danaher
DHR
$163B
| $19.7M | 0.61% |
88,727
-3,186
| -3% | -$654K |
2023 Q2
13 quarters
|
|
24
Albemarle
ALB
$11.2B
| $12.9M | 0.4% |
122,267
| – | – |
2026 Q2
1 quarter
|
|
25
Apollo Global Management
APO
$71.6B
| – | – |
-191,268
| Closed | -$22.6M | – |
|
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Blue Whale Capital's Q3 2026 Portfolio in Review
As of Q3 2026, Blue Whale Capital held 32 positions worth $3.21B, up 1.9% from $3.15B the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Blue Whale Capital deployed $331M of net new capital in Q3 2026, opening 5 new positions and adding to 9 existing holdings. Its largest new stake was SK Hynix Inc: 1,182,937 shares worth $218M.
By sector, the portfolio is most concentrated in Technology at 66% of assets, up from 64% a quarter earlier, followed by Industrials and Communication Services.
On the sell side, the largest reduction was NVIDIA, an estimated $162M trimmed.
- Blue Whale Capital's largest Q3 2026 buy was SK Hynix Inc: 1,182,937 shares worth $218M.
- Blue Whale Capital added most to Modine Manufacturing in Q3 2026, an estimated $113M increase.
- Blue Whale Capital's biggest Q3 2026 reduction was NVIDIA, cutting an estimated $162M.
- Blue Whale Capital fully exited Applovin in Q3 2026, selling an estimated $84.3M.
- Blue Whale Capital's ten largest holdings make up 75% of its $3.21B portfolio in Q3 2026.
- Blue Whale Capital opened 5 new positions and closed 8 in Q3 2026.
- Blue Whale Capital's portfolio value rose 1.9% quarter-over-quarter to $3.21B.
Based on Blue Whale Capital's 13F filing for Q3 2026, filed 13 Nov 2026.