Woodford's Full Portfolio Revealed

Woodford is maximising his overseas exposure and allocating a third of the portfolio to his favourite sector, pharmaceuticals, as well as a surprisingly high financials exposure

Emma Wall 14 July, 2014 | 1:11PM

Neil Woodford has revealed his entire portfolio of holdings for the recently launched Woodford Equity Income fund.

Before the launch of the fund last month, Woodford said that “Woodford Funds as a company will be a very different offering – but expect business as usual when it comes to stock selection and the running of the new income fund.”

Woodford has long been a champion of both pharmaceutical and tobacco stocks, and the new fund’s portfolio does not disappoint. The top 10 stocks released last week revealed AstraZeneca (AZN) and GlaxoSmithKline (GSK) were the top two holdings, with Roche (RO) coming in sixth position. But some investors may be surprised at just how high a conviction Woodford has in the sector – a further 14 health care stocks are in the fund’s portfolio.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
AstraZeneca PLC8,746.00 GBX1.13
e-Therapeutics PLC14.75 GBX0.00
G4S PLC193.60 GBX1.41
GlaxoSmithKline PLC1,525.60 GBX0.32
HSBC Holdings PLC304.00 GBX-2.19
LF Woodford Equity Income A Sterling Acc4.72 GBP-39.31
Next PLC6,254.00 GBX-2.68
ReNeuron Group PLC86.50 GBX2.98
Roche Holding AG341.20 CHF1.73
Sanofi SA88.44 EUR0.47
Serco Group PLC131.50 GBX-0.75
Smith & Nephew PLC1,542.50 GBX-0.45
Velocys PLC6.90 GBX6.15

About Author

Emma Wall  is former Senior International Editor for Morningstar

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