Liontrust
Liontrust UK Equity Fund
Jun 2026 → Jun 2026
Our archive holds 1 letter from this strategy, behind 4 investment theses and positions in 7 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.
What it bought and sold
We exited our positions in Trainline due to higher conviction in other technology-focused names, and in Renishaw and Diploma due to valuation discipline.
During the quarter we initiated new positions in BAE, Weir Group, SigmaRoc and Integrafin.
During the quarter we initiated new positions in BAE, Weir Group, SigmaRoc and Integrafin.
- ExitedRenishawJun 2026
We exited our positions in Trainline due to higher conviction in other technology-focused names, and in Renishaw and Diploma due to valuation discipline.
During the quarter we initiated new positions in BAE, Weir Group, SigmaRoc and Integrafin.
- AddedSoftcatJun 2026
The most significant positive contributor to relative performance was an overweight in Softcat, the value-added technology reseller.
During the quarter we initiated new positions in BAE, Weir Group, SigmaRoc and Integrafin.
- ExitedTrainlineJun 2026
We exited our positions in Trainline due to higher conviction in other technology-focused names, and in Renishaw and Diploma due to valuation discipline.
Also held
Its investment theses
- Weir GroupJun 2026Weir Group is a high-quality mining equipment business with recurring aftermarket revenue, strong slurry-pump positioning, and an attractive medium-term outlook.
- BAE SystemsJun 2026BAE Systems is a leading defence and aerospace company positioned to benefit from structurally improving defence spending and long-cycle government programmes.
- IntegraFinJun 2026IntegraFin owns Transact, a high-quality adviser platform gaining share, with durable flows, margin expansion potential, and an attractive valuation.
- SigmaRocJun 2026SigmaRoc is a European lime and essential minerals producer with leading positions, attractive end-market characteristics, and scope for margin expansion and earnings accretion.