Manager of the £1.1bn LF Blue Whale Growth fund Stephen Yiu has increased his weighting to US payment giant Mastercard, earning it a place in his list of top 10 holdings.
The portfolio change was facilitated by Yiu's decision to drop Visa from the fund, as it previously held both. Having initially joined Blue Whale Growth's portfolio in October 2017, the £233bn company is now the fund's sixth largest holding, below accounting software company Intuit, app development firm Atlassian and semiconductor business ASML, which are in fifth, fourth and third place respectively. The Big Interview: Blue Whale's Stephen Yiu brings fresh eyes to UK stockmarket Yiu said: "Mastercard is a high-quality business benefitting from the structural shift of payments away...
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