Top 10 holdings & Geographical distribution

Summary by AI ^BETAClose X

Merchants Trust PLC reported its top 10 holdings as of November 28, 2025, with Lloyds Banking Group Plc valued at £58,031,065 (5.67%) and GSK Plc at £56,848,375 (5.55%) being the largest. The company's total gross assets amounted to £1,024,280,470, with investments totaling £1,004,415,418, representing 100% of the portfolio. Geographically, 96.64% of the assets are located in the United Kingdom, valued at £970,639,570, while 3.36% are in Europe ex-UK, amounting to £33,775,848.

Disclaimer*

Merchants Trust PLC

12 December 2025

THE MERCHANTS TRUST PLC LEI: 5299008VJFXCUD2EG312

TOP 10 HOLDINGS AS AT 28 NOVEMBER 2025
		Market Value		%
		£
Lloyds Banking Group Plc		58,031,065		5.67
GSK Plc		56,848,375		5.55
British American Tobacco Plc		38,657,500		3.77
Rio Tinto Plc		37,140,700		3.63
Shell Plc		36,909,210		3.60
Barclays Plc		32,914,125		3.21
BP Plc		31,962,054		3.12
DCC Plc		29,078,400		2.84
National Grid Plc		27,398,465		2.67
Reckitt Benckiser Group Plc		25,769,250		2.52


Total Gross Assets		1,024,280,470


	GEOGRAPHICAL DISTRIBUTION AS AT 28 NOVEMBER 2025
			VALUE		%

	UNITED KINGDOM		970,639,570		96.64
	EUROPE EX UK		33,775,848		3.36

	Investments		1,004,415,418		100.00


	Europe ex UK
	France		33,775,848		3.36
	Spain		0		0.00
			33,775,848		3.36
	United Kingdom
	UK		970,639,570		96.64
			970,639,570		96.64


	TOTAL stock value		1,004,415,418		100.00

Enquiries:

Nira Mistry

Company Secretary

Tel: 020 3246 7475

12 December 2025

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