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Livermore
Livermore
ZHEN

M&G Investment Management Ltd

SEC CIK
0000922898
Latest filing
May 8, 2024

The latest 13F from M&G Investment Management Ltd covers Q4 2023 (filed May 8, 2024): 341 long positions worth $16.7B. The top 10 holdings make up 36.0% of the portfolio, and the largest is InterDigital, Inc. at 12.1%. Livermore has 13 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q4 2023

Share counts compared with Q3 2023: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
38
Est. +$279.3M
Added
106
Est. +$741.4M
Reduced
148
Est. −$1.23B
Sold out
39
Est. −$270.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. InterDigital, Inc.45867GAD3
    12.1%$2.01B
  2. MSFTMicrosoft Corp
    5.2%$868.9MHistory
  3. AVGOBroadcom Inc.
    4.3%$712.2MHistory
  4. MEOHMethanex Corp
    3.7%$616.3MHistory
  5. BMYBristol Myers Squibb Co
    2.2%$366.5MHistory

Share of portfolio

Top 5 holdings and the other 336 positions, by share of portfolio value

  1. InterDigital, Inc.12.1%
  2. MSFT5.2%
  3. AVGO4.3%
  4. MEOH3.7%
  5. BMY2.2%
  6. Other 336 positions72.5%

Biggest buys

New and added positions, by estimated amount bought

  1. NEENextera Energy Inc
    +$66.9MAddedHistory
  2. FNVFranco Nevada Corp
    +$61.1MAddedHistory
  3. CMECME Group Inc.
    +$57.1MAddedHistory
  4. BMYBristol Myers Squibb Co
    +$46.1MAddedHistory
  5. ECLEcolab Inc.
    +$40.3MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. CMECME Group Inc.
    +0.29 pp0.4% → 0.7%History
  2. ECLEcolab Inc.
    +0.24 pp<0.1% → 0.2%History
  3. NEENextera Energy Inc
    +0.24 pp1.4% → 1.6%History
  4. Lantheus Hldgs Inc516544AB9
    +0.20 pp0.0% → 0.2%
  5. FROFrontline plc
    +0.17 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. HCMHUTCHMED (China) Ltd
    −$124.1MReducedHistory
  2. MSFTMicrosoft Corp
    −$87.2MReducedHistory
  3. UNPUnion Pacific Corp
    −$83.6MReducedHistory
  4. AVGOBroadcom Inc.
    −$81.2MReducedHistory
  5. CMBTCmb.tech NV
    −$63.6MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. HCMHUTCHMED (China) Ltd
    −0.86 pp0.9% → <0.1%History
  2. MSFTMicrosoft Corp
    −0.66 pp5.9% → 5.2%History
  3. MEOHMethanex Corp
    −0.66 pp4.4% → 3.7%History
  4. UNPUnion Pacific Corp
    −0.51 pp0.6% → 0.1%History
  5. KOCoca Cola Co
    −0.47 pp1.8% → 1.3%History

Metrics

13F metrics for Q4 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$16.7B
+$2.99B (+21.8%) vs. prior quarter
Positions
341
−1 vs. prior quarter
Top 10 concentration
36.0%
Top 10 as share of value
Turnover
6.7%
Q4 2023, one quarter
Average holding period
9.9 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

12 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $46.5B (Q1 2022)

Q1 2021: $11.9BQ2 2021: $19.2BQ3 2021: $20.6BQ4 2021: $13.8BQ1 2022: $46.5BQ2 2022: $13.8BQ3 2022: $11.9BQ4 2022: $13.5BQ1 2023: $14.2BQ2 2023: $16.7BQ3 2023: $13.7BQ4 2023: $16.7B
Q1 2021Q4 2023
13F filings of M&G Investment Management Ltd by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2023May 8, 2024Amended341$16.7BInterDigital, Inc.MSFTAVGOvs. Q3 2023SEC
Q3 2023Nov 13, 2023342$13.7BMSFTMEOHAVGOvs. Q2 2023SEC
Q2 2023Aug 1, 2023369$16.7BInterDigital, Inc.MSFTAVGOvs. Q1 2023SEC
Q1 2023May 11, 2023404$14.2BMSFTMEOHAVGOvs. Q4 2022SEC
Q4 2022Jan 27, 2023438$13.5BMSFTMEOHAVGOvs. Q3 2022SEC
Q3 2022Nov 1, 2022415$11.9BMSFTMEOHVvs. Q2 2022SEC
Q2 2022Aug 25, 2022440$13.8BMSFTMEOHVvs. Q1 2022SEC
Q1 2022May 13, 2022462$46.5BDISH Network CORPMEOHMSFTvs. Q4 2021SEC
Q4 2021Jan 18, 2022477$13.8BMSFTMEOHTSEOQvs. Q3 2021SEC
Q3 2021Nov 9, 2021739$20.6BMSFTMEOHAAPLvs. Q2 2021SEC
Q2 2021Aug 16, 2021741$19.2BMSFTMEOHTSEOQvs. Q1 2021SEC
Q1 2021May 12, 2021449$11.9BMSFTMEOHTSEOQ–SEC

13D and 13G filings

Companies where M&G Investment Management Ltd reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

3 companies, largest stake first.

Companies where M&G Investment Management Ltd owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
REEAFREE Automotive Ltd.13D19.99%9.61M shares–Jan 20, 20235 filingsMar 28, 2025SEC
CRGOFreightos Ltd13D/A18.18%9.87M shares–Apr 6, 20235 filingsAug 25, 2026SEC
MEOHMethanex Corp13D/A15.30%11.8M shares−1.19 ppfrom 16.49%Oct 4, 20218 filingsSep 14, 2026SEC

Latest filings

48 filings on file made by M&G Investment Management Ltd or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by M&G Investment Management Ltd
CompanyFiled (ET)FormStakeChangeEvent dateFiling
MEOHMethanex CorpSep 14, 202610:26 AM ET13D/A15.30%11.8M shares−1.19 ppfrom 16.49%Sep 10, 2026SEC
CRGOFreightos LtdAug 25, 202610:16 AM ET13D/A18.18%9.87M shares–Nov 7, 2025SEC
MEOHMethanex CorpSep 24, 20259:36 AM ET13D/A16.49%12.8M shares−2.43 ppfrom 18.92%Jul 30, 2025SEC
MEOHMethanex CorpApr 23, 20251:30 PM ET13D18.92%12.8M shares–Apr 23, 2025SEC
REEAFREE Automotive Ltd.Mar 28, 20254:43 PM ET13D19.99%9.61M shares–Mar 28, 2025SEC
REEAFREE Automotive Ltd.Oct 7, 202413G/AOld format–––SEC
DECDiversified Energy CoOct 3, 202413G/AOld format–––SEC
CRGOFreightos LtdApr 11, 202413D/AOld format–––SEC
REEAFREE Automotive Ltd.Apr 9, 202413G/AOld format–––SEC
CRGOFreightos LtdMar 18, 202413DOld format–––SEC
ARBEArbe Robotics Ltd.Feb 13, 202413G/AOld format–––SEC
MEOHMethanex CorpFeb 13, 202413G/AOld format–––SEC
BRNSBarinthus Biotherapeutics plc.Feb 13, 202413G/AOld format–––SEC
BPBP PLCFeb 13, 202413G/AOld format–––SEC
CRGOFreightos LtdFeb 13, 202413G/AOld format–––SEC
REEAFREE Automotive Ltd.Feb 13, 202413G/AOld format–––SEC
DECDiversified Energy CoFeb 13, 202413GOld format–New–SEC
BPBP PLCOct 10, 202313G/AOld format–––SEC
MESOMesoblast LtdSep 6, 202313G/AOld format–––SEC
ARBEArbe Robotics Ltd.Apr 11, 202313GOld format–New–SEC