MARTIN CURRIE LTD

EDINBURGH, X0 · CIK 1094499 · 13F filing filed 2023-08-11

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

$3.0bn reported value +6.2% vs Q1 2023

44positions

61.2%in top 10

9 new 19 added 15 reduced 1 sold out vs Q1 2023

This report includes the holdings of 2 other managers that share the investment decisions:

CLEARBRIDGE INVESTMENT MANAGEMENT LTD – no 13F of its own this quarter
MARTIN CURRIE INC – no 13F of its own this quarter

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	3,620,608	$365.4m12.29%	12.29%	Reduced -60.7k	-60,708 -1.6%
2	HDFC BANK LTD SPONSORED ADS HDB	HDB	3,344,931	$233.1m7.84%	7.84%	Added +1.2m	+1,159,993 53.1%
3	NVIDIA CORPORATION COM NVDA	NVDA	546,598	$231.2m7.78%	7.78%	Reduced -98.1k	-98,102 -15.2%
4	LINDE PLC SHS LIN	LIN	515,140	$196.3m6.61%	6.61%	Reduced -1.6k	-1,574 -0.3%
5	FERRARI N V COM RACE	RACE	575,050	$187.0m6.29%	6.29%	Reduced -14.3k	-14,344 -2.4%
6	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	1,882,413	$156.9m5.28%	5.28%	Added +78.9k	+78,928 4.4%
7	MICROSOFT CORP COM MSFT	MSFT	407,059	$138.6m4.66%	4.66%	Reduced -4.4k	-4,415 -1.1%
8	ICICI BANK LIMITED ADR IBN	IBN	5,393,764	$124.5m4.19%	4.19%	Reduced -1.7m	-1,686,836 -23.8%
9	MASTERCARD INCORPORATED CL A MA	MA	241,499	$95.0m3.20%	3.20%	Added +38.1k	+38,066 18.7%
10	LAUDER ESTEE COS INC CL A EL	EL	459,575	$90.3m3.04%	3.04%	Added +335.2k	+335,159 269.4%
11	MASIMO CORP COM MASI	MASI	502,063	$82.6m2.78%	2.78%	Added +1.6k	+1,568 0.3%
12	ANSYS INC COM ANSS	ANSS	248,881	$82.2m2.77%	2.77%	Reduced -3.2k	-3,250 -1.3%
13	CREDICORP LTD COM BAP	BAP	529,581	$78.2m2.63%	2.63%	Added +29.6k	+29,592 5.9%
14	ADOBE INC COM ADBE	ADBE	156,850	$76.7m2.58%	2.58%	Reduced -8.6k	-8,610 -5.2%
15	ZOETIS INC CL A ZTS	ZTS	431,975	$74.4m2.50%	2.50%	Reduced -4.6k	-4,593 -1.1%
16	RESMED INC COM RMD	RMD	335,106	$73.2m2.46%	2.46%	Added +285	+285 0.1%
17	NIKE INC CL B NKE	NKE	658,214	$72.6m2.44%	2.44%	Added +23.0k	+23,029 3.6%
18	VEEVA SYS INC CL A COM VEEV	VEEV	354,484	$70.1m2.36%	2.36%	Added +2.4k	+2,423 0.7%
19	JD.COM INC SPON ADS CL A JD	JD	1,967,369	$67.1m2.26%	2.26%	Added +42.2k	+42,196 2.2%
20	AUTODESK INC COM ADSK	ADSK	315,010	$64.5m2.17%	2.17%	Added +1.0k	+1,000 0.3%
21	METTLER TOLEDO INTERNATIONAL COM MTD	MTD	43,597	$57.2m1.92%	1.92%	Reduced -1.1k	-1,073 -2.4%
22	GLOBANT S A COM GLOB	GLOB	277,584	$49.9m1.68%	1.68%	Added +18.6k	+18,573 7.2%
23	EPAM SYS INC COM EPAM	EPAM	176,312	$39.6m1.33%	1.33%	Reduced -106.8k	-106,825 -37.7%
24	COSAN S A ADS CSANY	CSANY	2,555,969	$38.1m1.28%	1.28%	Added +107.2k	+107,199 4.4%
25	ILLUMINA INC COM ILMN	ILMN	197,865	$37.1m1.25%	1.25%	Added +166	+166 0.1%
26	ISHARES TR MSCI INDIA ETF INDA	INDA	739,160	$32.3m1.09%	1.09%	Unchanged
27	SEA LTD SPONSORD ADS SE	SE	509,526	$29.6m1.00%	1.00%	Added +25.2k	+25,249 5.2%
28	ISHARES TR MSCI SAUDI ARBIA KSA	KSA	668,271	$27.6m0.93%	0.93%	Reduced -44.3k	-44,273 -6.2%
29	AMAZON COM INC COM AMZN	AMZN	179,521	$23.4m0.79%	0.79%	Added +38.6k	+38,613 27.4%
30	P T TELEKOMUNIKASI INDONESIA SPONSORED ADR TLK	TLK	827,405	$22.1m0.74%	0.74%	Added +12.9k	+12,911 1.6%
31	TERADYNE INC COM TER	TER	134,996	$15.0m0.51%	0.51%	Reduced -146.4k	-146,415 -52.0%
32	STARBUCKS CORP COM SBUX	SBUX	146,898	$14.6m0.49%	0.49%	Added +6.1k	+6,107 4.3%
33	VISA INC COM CL A V	V	60,740	$14.4m0.49%	0.49%	Reduced -62.0k	-61,965 -50.5%
34	ISHARES INC MSCI STH KOR ETF EWY	EWY	90,957	$5.8m0.19%	0.19%	Added +21.9k	+21,862 31.6%
35	FRANKLIN TEMPLETON ETF TR FTSE SAUDI ARB FLSA	FLSA	37,258	$1.3m0.05%	0.05%	New
36	INTUITIVE SURGICAL INC COM NEW ISRG	ISRG	1,927	$658.9k0.02%	0.02%	New
37	XYLEM INC COM XYL	XYL	5,380	$605.9k0.02%	0.02%	New
38	VALMONT INDS INC COM VMI	VMI	1,870	$544.3k0.02%	0.02%	New
39	ECOLAB INC COM ECL	ECL	2,785	$519.9k0.02%	0.02%	New
40	REVVITY INC COM RVTY	RVTY	4,210	$500.1k0.02%	0.02%	New
41	DEERE & CO COM DE	DE	1,050	$425.4k0.01%	0.01%	New
42	MERCADOLIBRE INC COM MELI	MELI	320	$379.1k0.01%	0.01%	New
43	ISHARES INC CORE MSCI EMKT IEMG	IEMG	5,448	$268.5k0.01%	0.01%	Reduced -5.2k	-5,203 -48.9%
44	VERRA MOBILITY CORP CL A COM STK VRRM	VRRM	11,062	$218.1k0.01%	0.01%	New

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
TDCX INC		38,361	$341.4k38.4k shares