Scottish Mortgage sells out of Illumina

First invested in 2011

Eve Maddock-Jones
clock • 5 min read

Scottish Mortgage has sold out of long-term holding Illumina after a “disappointing” few years.

Speaking to clients on its latest 'Manager Update' Q/A on Wednesday (1 November), SMT's lead manager Tom Slater confirmed that they had sold out of the gene sequencing firm. The managers first took a position in the company in March 2011 and in 2016 it was the second biggest holding in the trust. Slater and the trust's co-manager, Lawrence Burns, cut back the position in Illumina earlier this year and as of 30 September, it made up 0.7% of the portfolio, according to the latest half-year report. Scottish Mortgage private asset valuations slide as unquoted exposure hits 31% At th...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment Trusts

abrdn Diversified Income and Growth commences sale of private market assets

abrdn Diversified Income and Growth commences sale of private market assets

Campbell Lutyens & Co as independent broker

Sorin Dojan
clock 16 April 2025 • 2 min read
Saba Capital's requisitioned meetings cost the original seven trusts 'millions'

Saba Capital's requisitioned meetings cost the original seven trusts 'millions'

Full costs to be disclosed in firms’ upcoming accounts

Eve Maddock-Jones
clock 15 April 2025 • 3 min read
Achilles shelves Urban Logistics REIT meeting as LondonMetric launches fresh bid

Achilles shelves Urban Logistics REIT meeting as LondonMetric launches fresh bid

General meeting requisitioned in March

Beth Brearley
clock 15 April 2025 • 2 min read
Trustpilot