Wellington Management Group LLP

Wellington Management employs an active, high-turnover value-oriented approach, with a portfolio reflecting broad diversification across 7,458 positions and total assets of $535.5 billion. The top three holdings—NVIDIA at 4.4%, Microsoft at 3.6%, and Apple at 3.1%—reveal a significant concentration in mega-cap technology, which constitutes the largest sector allocation at 22.5%. Healthcare and Financial Services follow at 15.9% and 12.9%, respectively, while the inclusion of Wells Fargo, Johnson & Johnson, and AstraZeneca among top holdings underscores a value tilt toward established, cash-generative businesses. This composition indicates conviction in high-conviction, liquid names while maintaining substantial dispersion across sectors to manage risk. The strategy suggests a disciplined bottom-up selection process, favoring large-cap leaders with competitive advantages, consistent with a high-turnover, valuation-sensitive mandate.