Health Care: Underweight Hits Record Highs
UK fund managers are positioned at record underweights in the Health Care sector, as a growing number of funds move away from an overweight stance. AstraZeneca is the core driver of the sector-level underweight as ownership growth stalls, whilst GSK becomes the most widely owned company in the sector.

UK Banks: Key Stocks Fuel Sector Comeback
Exposure to the UK Banking sector is approaching all-time highs as funds rotate back into key stocks after the 2020 sell-off. Average fund weights have increased to 6.98%, with 88.6% of funds now invested in the sector.

Diageo plc: Slide Continues as Funds Cut Stakes
UK fund managers continue to trim their holdings in Diageo, with average fund weights and the percentage of funds invested in the stock on a downward trend since late 2021. Despite remaining a top 3 holding in the Consumer Staples sector, net fund outflows persist.

National Grid: Surges to Top Spot with Record Fund Ownership
National Grid has become the most widely owned stock in the Utilities sector, with average fund weights and the percentage of funds invested reaching 12-year highs.