These are the 10 UK funds with the largest exposure to the luxury stock Burberry, which fell dramatically on Monday July 15
The profit warning came as a result of a slowdown in trading. Burberry stated that, if this continues, the company expects to “report a H1 FY25 operating loss and FY25 operating profit to be below current consensus.”
Burberry also revealed chief executive Jonathan Akeroyd would step down with immediate effect to be replaced by Joshua Shulman, who has previously held chief executive positions at luxury brands Coach and Jimmy Choo, which make bags and shoes, respectively.
Which Funds Own Burberry Shares?
As a large luxury brand, Burberry shares can be found in lots of funds available for sale in the UK. We have found the 10 biggest investors in the UK.
To be included in the list, the funds must have reported their portfolio holdings in 2024 and be domiciled in the UK. We have then sorted them by portfolio weighting – the percentage figure for how much of the fund is allocated to the stock.
By a significant margin, the largest shareholder in Burberry is Lindsell Train UK Equity, followed by Finsbury Growth and Income (FGT) – both managed by Nick Train. Both portfolios hold over 5% in Burberry, and Lindsell Train UK Equity’s share accounts for almost 5% of Burberry’s entire market cap. However, since the fund last reported its positions, the fund had sold 135,000 shares in the company (the current total is just over 17 million shares, with a value of £184 million).
The third biggest allocation to Burberry belongs to VT Sorbus Vector, at 3.16%. In total, five funds have Burberry allocations above 2%, and all the top 10 have at least 1.5%. Globally, though, 2000 funds own some portion of the company, and all would have felt yesterday’s share price drop.
