Artemis Alpha Trust plc
ATMAF
Other OTC- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- John Edwin Dodd
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Cassini House London United Kingdom SW1A 1LD
- Similar Companies
- Business
- Artemis Alpha Trust plc (ATMAF) is a United Kingdom-domiciled closed-end investment trust that conducts a members' voluntary liquidation following its merger with Aurora Investment Trust plc, which rebranded to Aurora UK Alpha plc effective December 2024. Prior to the merger, the trust provided long-term capital growth and income to shareholders by investing primarily in a concentrated portfolio of undervalued UK-listed growth stocks across diversified sectors including housebuilding (e.g., Redrow, Bellway, Berkeley Group, Springfield Properties), general retail (e.g., Frasers Group, Currys), financial services (e.g., Plus500, Hargreaves Lansdown, Singer Capital Markets), funeral services (e.g., Castelnau Group), food delivery (e.g., Delivery Hero, Just Eat Takeaway), wide-moat businesses in technology and media (e.g., Alphabet, Universal Music Group, Auto Trader), airlines (e.g., easyJet, Ryanair), aerospace (e.g., Rolls-Royce), infrastructure (e.g., Vinci, Aena), video games (e.g., Nintendo), and pharmaceuticals (e.g., GSK, Haleon); the portfolio benchmarked performance against the FTSE All-Share Index. The trust targeted high-conviction investments in domestic UK-exposed companies benefiting from improving economic conditions, capital cycles, and competitive advantages, with approximately 50% of net assets allocated to UK-focused holdings such as banks (e.g., NatWest, Lloyds) and approximately 30% to wide-moat and cyclical sectors. Artemis Alpha Trust plc, founded on January 22, 1931, as Piccadilly Growth Trust plc and later renamed, was headquartered in London and managed by Artemis Investment Management LLP until the transaction's completion. In September 2024, the boards of Artemis Alpha Trust plc and Aurora Investment Trust plc agreed heads of terms for a combination via a scheme of reconstruction, transferring approximately £100 million in net assets from Artemis Alpha to Aurora on a formula asset value basis in exchange for new Aurora shares; the deal received strong shareholder support (over 30% from major holders in each trust), regulatory approvals, and was structured to enhance scale to £353 million, liquidity, and lower ongoing charges through fixed cost spreading and a £750,000 contribution from Aurora's manager Phoenix Asset Management. The merger became effective on November 29, 2024, with Artemis Alpha entering members' voluntary liquidation, liquidators appointed, and assets transferred; shareholders received Aurora shares or a cash option, while Artemis' lead manager Kartik Kumar transitioned to Phoenix. Post-merger, Aurora rebranded to Aurora UK Alpha plc, maintaining its high-conviction UK investment approach without policy changes, with trading symbols unchanged and operations continuing from London. The enlarged entity operates globally via UK public equity markets but focuses predominantly on UK domestic and cyclical sectors.