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BlackRock Throgmorton Trust PLC released an update on its portfolio performance as of May 22, 2025, with data accurate as of April 30, 2025. The companys net asset value and share price showed positive growth over one month, but negative returns over three months, one year, and three years. The share price lagged behind the net asset value, and the benchmark index also underperformed over one year and three years. The companys net asset value per share, including income, was 609.90p, while the share price was 541.00p, representing an 11.3% discount. The portfolio had a net market exposure of 101.8% and held a diverse range of investments across various sectors, with the largest being Industrials, Financials, and Consumer Discretionary. The UK accounted for the majority of the country weightings. The portfolios performance in April was dominated by global trade policy volatility, with US tariff announcements impacting various asset classes. The company outperformed its benchmark, the Deutsche Numis Smaller Companies +AIM (excluding Investment Companies) Index. The top contributor to performance was UK housebuilder Bellway, while short positions in a facilities management business and a semiconductor company were the largest detractors. The portfolio managers reduced gross and net exposure at the beginning of May due to ongoing uncertainties.
| Year | Net Asset Value | Share Price | Benchmark | Net Current Assets | Total Gross Assets | Net Exposure |
|---|---|---|---|---|---|---|
| 2025 | 2.9% | 541.00p | 2.6% | 8.5% | £476.2m | 112.9% |
| 2024 | -6.4% | N/A | -4.4% | N/A | N/A | 108.5% |
| 2023 | -4.1% | N/A | 0.3% | N/A | N/A | N/A |
| 2022 | -6.9% | N/A | -7.3% | N/A | N/A | N/A |
| 2021 | 29.8% | N/A | 35.0% | N/A | N/A | N/A |