Scottish Mortgage Investment Trust PLC
STMZF
Other OTC- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Calton Square Edinburgh United Kingdom EH1 3AN
- IPO Date
- Sep 19, 2003
- Website
- scottishmortgage.com
- Similar Companies
- Business
- Scottish Mortgage Investment Trust PLC (STMZF) is a UK-listed investment trust that invests globally in exceptional public and private growth companies to maximise long-term total returns for shareholders. Managed by Baillie Gifford & Co. in Edinburgh, the Trust focuses on high-conviction holdings in transformative businesses across sectors including technology (approximately 30%), consumer discretionary (33.5%), industrials (16.9%), healthcare (7.9%), financials (5.9%), and energy (2.4%); key portfolio positions encompass semiconductor leaders such as ASML and TSMC, AI hardware enablers like Nvidia, digital platforms including Meta, Spotify, Roblox, MercadoLibre and Sea Limited, electrification leaders like CATL, BYD and Tesla, as well as private companies up to 30% of net assets including SpaceX and ByteDance. The Trust employs gearing to enhance returns, benchmarks against the FTSE All-World Index, and maintains a low-cost structure through its investment trust format, with shares traded on the London Stock Exchange as a FTSE 100 constituent and available over-the-counter as STMZF. Founded in 1909 as The Straits Mortgage and Trust Company Limited to finance Southeast Asian rubber plantations amid the Panic of 1907 credit crisis, it evolved by 1913 into a broad global equities investor and is headquartered at Calton Square, 1 Greenside Row, Edinburgh, EH1 3AN, United Kingdom. In recent developments, the Trust reported a 22.9% net asset value per share increase for the six months ended 30 September 2025, outperforming the FTSE All-World Index's 15.4% gain, driven by rallies in AI, digital commerce and clean energy holdings. It added new positions in founder-led companies such as AI developer Anthropic, Chinese lifestyle platform Xiaohongshu, and software firms Figma and AppLovin, while trimming stakes in Amazon, Meta, Spotify, Netflix and MercadoLibre; over the prior year to March 2025, it initiated new investments including TSMC, BYD and Hermès. The Board has executed significant share buybacks totalling £2.6 billion since the March 2024 programme announcement (initially £1 billion over two years), including 75.2 million shares for £765.4 million in the first half of 2025 and £1.71 billion (13.3% of shares in issue) for the year ended 31 March 2025, to narrow the discount to net asset value (currently around 10.5%), limit volatility and support share price stability. Gearing rose modestly to 13% as of March 2025 amid stable borrowings, and the Trust continues to prioritise patient capital for long-term growth opportunities in technology, electrification and emerging markets including China.