Liontrust
Liontrust Sustainable Future Managed Fund
Sep 2026 → Sep 2026
Our archive holds 1 letter from this strategy, behind 1 investment thesis and positions in 19 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 Sep 30, 2026 · net of fees
- 1Y+5.1%index +12.0%
Index: IA Mixed Investment 40-85% Shares
| 1Y | |
|---|---|
| Liontrust Sustainable Future Managed Fund | +5.1% |
| IA Mixed Investment 40-85% Shares | +12.0% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Sep 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
In August, we exited BT hybrid bonds as valuations became stretched.
Autodesk (Improving the resource efficiency of industrial and agricultural processes) was sold following its decision to acquire MaintainX for approximately $3.6bn, a price we considered expensive relative to prevailing software valuations.
- AddedBPCESep 2026
September activity included a new BPCE issue, funded by a partial reduction in Crédit Agricole, and a new position to Bromford Housing Association.
- AddedBromford Housing AssociationSep 2026
September activity included a new BPCE issue, funded by a partial reduction in Crédit Agricole, and a new position to Bromford Housing Association.
Gamma Communications was sold after takeover interest narrowed to a single bidder.
Palo Alto Networks (Enhancing digital security) was sold following a strong share-price rally that took the stock to our five-year price target.
- AddedOspreySep 2026
Following weakness and underperformance across UK water credits, we added a new position to Osprey (Anglian Water holding company), increasing exposure to holding company debt.
American Tower (Connecting people) was sold as we became increasingly concerned about the growth outlook for its core US mobile tower business.
We sold Trainline, a ticketing app and platform helping travellers buy digital rail tickets in the UK and Europe.
Fujikura (+23%), the Japanese manufacturer of optical fibre and electrical infrastructure products that we added during the quarter, benefited from strong demand driven by AI-related data-centre investment.
September activity included a new BPCE issue, funded by a partial reduction in Crédit Agricole, and a new position to Bromford Housing Association.
- ExitedVestas Wind SystemsSep 2026
Vestas Wind Systems (Enabling the energy transition) was sold following a strong share-price rally, as we became increasingly concerned around potential technical and execution risks in its offshore wind business.
We exited the stock, but continue to watch the company closely to gain conviction in its offering and its handling of its pipeline.
- TrimmedBupaSep 2026
We also participated in Bupa's new issue, but sold the small allocation after strong secondary performance made it unattractive to build a meaningful position at the tighter spread.
Shopify (+30%), which we had been following closely since the pandemic, was added to the portfolio in the second quarter.