BlackRock Throgmorton Trust PLC released its portfolio update for the month of April 2025, highlighting the companys performance and providing detailed financial information. As of March 31, 2025, the net asset value and share price showed a decline, with the share price experiencing a larger drop. The companys performance was compared to the benchmark, showing a slight underperformance. The update included sector and country weightings, market exposure, and the ten largest investments. Dan Whitestone, representing the Investment Manager, commented on the challenging market conditions, including tariff uncertainties, risk-off sentiment, and ongoing outflows. The UK market saw a divergence between large caps and small & mid-caps, with the latter underperforming. Despite positive updates from portfolio companies, the portfolio positioning was unfavourable in March. The gross and net exposures were challenging to manage due to share buy-back programmes and illiquidity. The update concluded with a note of optimism, highlighting the rich opportunity set and the potential for the UK market to be a relative winner in the face of tariff uncertainty.
| Year | Net Asset Value | Share Price | Benchmark | Net Current Assets | Net Exposure | Gross Exposure |
|---|---|---|---|---|---|---|
| 2025 | -4.2% | -5.0% | -3.3% | 5.2% | 112.6% | 116% |
| 2024 | -8.8% | -8.9% | -5.9% | N/A | 109.0% | 117.2% |
| 2023 | -6.7% | -7.4% | -0.4% | N/A | 108.5% | N/A |
| 2022 | -15.3% | -24.8% | -11.1% | N/A | 112.9% | N/A |
| 2021 | 43.5% | 26.1% | 49.0% | N/A | N/A | N/A |