Liontrust
Liontrust Sustainable Future Defensive Managed Fund
Jun 2026 → Jun 2026
Our archive holds 1 letter from this strategy, behind 1 investment thesis and positions in 12 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year — follow all of Liontrust for every strategy.
Performance
as of Jun 30, 2026 · net of fees · primary share class
- 1Y+4.6%index +12.5%
Index: IA Mixed Investment 20-60% Shares
| 1Y | |
|---|---|
| Liontrust Sustainable Future Defensive Managed Fund | +4.6% |
| IA Mixed Investment 20-60% Shares | +12.5% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Jun 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
We added Constellation Software, which acquires and operates hundreds of small, niche software businesses providing mission-critical tools to specific industries across public services, industrial niches and specialised private markets.
The detractors were led by two positions that we exited during the period: Intuit (-40%) and PTC (-21%).
- New positionWestfield StratfordJun 2026
Outside financials, we added a new position in Westfield Stratford, supported by its BREEAM “excellent” rating and ongoing energy performance initiatives.
We also added Shopify, a CAD$198 billion Canadian company providing essential digital infrastructure for global ecommerce.
Finally, we added Sprouts Farmers Market, a $7.6 billion US-based health foods grocer focused on fresh, natural and organic products.
In financials, we switched into a new Lloyds Tier 2 bond where valuation was attractive versus our existing subordinated exposure, and extended our position in short-dated Santander bonds for an attractive spread pick-
In addition to exiting Intuit and PTC, we sold London Stock Exchange Group due to competition for capital, with more compelling opportunities in companies we believe have been unfairly penalised as “AI losers”.
In financials, we switched into a new Lloyds Tier 2 bond where valuation was attractive versus our existing subordinated exposure, and extended our position in short-dated Santander bonds for an attractive spread pick-
The detractors were led by two positions that we exited during the period: Intuit (-40%) and PTC (-21%).
Also held
- Palo Alto Networks
- ASML
- Advantest
- ServiceTitan
- Arm Holdings