What smart money is saying about Serco
SRP.L
No fund has written a full thesis on Serco in our archive, but 3 fund letters report a position in it — most recently Jupiter UK Dynamic Equity Fund in June 2026.
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3
Reported positions
0
Bought
2
Sold
3
Letters
Position history
Between Q1 2026 and Q2 2026, 3 fund letters reported a position in Serco — 2 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 1 | 0 | 0 | 0 |
| Q1 2026 | 2 | 0 | 2 | 0 |
Fund activity · 3 positions · 2 moves
- HoldsJupiter UK Dynamic Equity FundJune 2026
“Away from oil, defence- related stocks were pushed around by the changing war thematic and some idiosyncrasies on top meant material underperformance from both Babcock and Serco. © 2026 Jupiter Asset Management | The Engine RoomPage 18 of 23 Babcock (-58bps) shares declined 18% as the sector underperformed and after a further £140m provision on the troubled Type 31 frigate programme, confirmed with June’s results. This overshadowed otherwise robust trading and underlying upgrades for 2027 and beyond. The nuclear business was a clear standout with 20% profit growth, near 10% margins which strongly underpins group valuation. Serco (-54 bps) shares fell 23% on political rhetoric around UK government outsourcing: Andy Burnham’s Makerfield by-election comments, echoed by Reform UK, raised concerns over asylum accommodation contracts. This despite an in-line H1, maintained guidance, contract wins and a growing order book.”
Serco - March 2026
“Most other sales involved trimming strong relative performers, including Serco, Coats and Secure Trust Bank.”
Serco - March 2026
“Most other sales involved trimming strong relative performers, including Serco, Coats and Secure Trust Bank.”
Serco
Read the letters behind these Serco positions
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