List of Stock Holdings

October 2013

Equities
Name
Valuation (£m)
% of net assets
Cumulative %
Pfizer Inc.
65.4
2.4
2.4
United Technologies Corporation
62.9
2.3
4.7
Qualcomm Incorporated
57.9
2.1
6.8
The Walt Disney Company
55.6
2.0
8.8
Samsung Electronics Co., Ltd.
49.8
1.8
10.6
Enterprise Products Partners L.P.
49.5
1.8
12.4
Prudential plc
45.2
1.6
14.0
HSBC Holdings plc
44.4
1.6
15.6
Visa Inc. Class A
44.2
1.6
17.2
Accenture Plc
44.1
1.6
18.8
Eni S.p.A.
40.6
1.5
20.3
Express Scripts Holding Company
40.5
1.5
21.8
CVS Caremark Corporation
39.1
1.4
23.2
Amgen Inc.
38.7
1.4
24.6
National Grid plc
38.3
1.4
26.0
GlaxoSmithKline plc
36.5
1.3
27.3
Wells Fargo & Company
35.6
1.3
28.6
Reckitt Benckiser Group plc
35.2
1.3
29.9
Total SA
34.8
1.3
31.1
Danaher Corporation
34.3
1.2
32.4
Legal & General Group Plc
34.2
1.2
33.6
Kraft Foods Group, Inc.
34.1
1.2
34.8
Rogers Communications Inc. Class B
34.0
1.2
36.1
Deutsche Post AG
33.5
1.2
37.3
Vodafone Group Plc
32.9
1.2
38.5
Twenty-First Century Fox, Inc. Class A
32.8
1.2
39.7
Resolution Limited
32.8
1.2
40.9
Mitsubishi UFJ Financial Group, Inc.
32.5
1.2
42.0
Roche Holding Ltd Genusssch.
32.1
1.2
43.2
Sanofi
30.9
1.1
44.3
Noble Energy, Inc.
30.6
1.1
45.4
The Toronto-Dominion Bank
30.4
1.1
46.5
BorgWarner Inc.
29.5
1.1
47.6
Diageo plc
29.2
1.1
48.7
Coach, Inc.
28.6
1.0
49.7
Swedbank AB Class A
28.3
1.0
50.7
Fanuc Corporation
27.5
1.0
51.7
Melrose Industries Plc
25.3
0.9
52.6
Glencore Xstrata plc
25.2
0.9
53.6
Grupo Financiero Banorte SAB de CV Class O
24.9
0.9
54.5
Praxair, Inc.
24.8
0.9
55.4
WPP Plc
24.4
0.9
56.3
Standard Chartered PLC
24.3
0.9
57.1
Henkel AG & Co. KGaA Pref
24.1
0.9
58.0
Barclays PLC
23.9
0.9
58.9
AmerisourceBergen Corporation
23.7
0.9
59.7
BNP Paribas SA
22.8
0.8
60.6
Monsanto Company
22.5
0.8
61.4
Fomento Economico Mexicano SAB de CV Units Cons. Of 1 ShsB And 4 ShsD
22.2
0.8
62.2
Liberty Global Plc Class A
22.0
0.8
63.0
Cummins Inc.
21.3
0.8
63.8
BASF SE
21.2
0.8
64.5
Terabo Co Ltd
21.1
0.8
65.3
Novo Nordisk A/S Class B
20.9
0.8
66.0
Royal Dutch Shell Plc Class B
20.7
0.8
66.8
Volkswagen AG Pref
20.6
0.7
67.5
Bangkok Bank Public Co. Ltd.(Alien Mkt)
20.6
0.7
68.3
Schlumberger NV
20.3
0.7
69.0
Cadence Design Systems, Inc.
20.1
0.7
69.8
Citigroup Inc.
20.0
0.7
70.5
Schneider Electric SA
19.7
0.7
71.2
Google Inc. Class A
19.3
0.7
71.9
Unilever PLC
18.8
0.7
72.6
Oceaneering International, Inc.
18.2
0.7
73.2
Experian PLC
17.9
0.7
73.9
SAP AG
17.9
0.6
74.5
Mattel, Inc.
17.6
0.6
75.2
Snam S.p.A.
17.4
0.6
75.8
Zurich Insurance Group AG
17.3
0.6
76.4
PT Perusahaan Gas Negara (Persero) Tbk Class B
17.2
0.6
77.1
Technip SA
16.9
0.6
77.7
American Tower Corporation
16.8
0.6
78.3
Marsh & McLennan Companies, Inc.
16.7
0.6
78.9
RSA Insurance Group plc
16.6
0.6
79.5
Bpost SA de Droit Public
16.5
0.6
80.1
Plum Creek Timber Company, Inc.
16.5
0.6
80.7
China Gas Holdings Limited
16.3
0.6
81.3
Telecom Corporation of New Zealand Limited
16.1
0.6
81.9
Taiwan Mobile Co. Ltd.
15.7
0.6
82.4
GTECH S.p.A.
15.4
0.6
83.0
Aviva plc
15.2
0.6
83.5
Charoen Pokphand Foods Public Co. Ltd.(Alien Mkt)
15.0
0.5
84.1
Ascendas Real Estate Investment Trust
14.9
0.5
84.6
Hyundai Mobis Co., Ltd
14.4
0.5
85.1
Intuitive Surgical, Inc.
14.4
0.5
85.7
Humana Inc.
14.3
0.5
86.2
Rolls-Royce Holdings plc
12.7
0.5
86.6
Cerner Corporation
12.4
0.5
87.1
Ashmore Global Opportunities Ltd April 13 Redemption GBP
11.7
0.4
87.5
VTech Holdings Limited
11.6
0.4
87.9
M1 Limited
11.4
0.4
88.3
Power Assets Holdings Limited
10.0
0.4
88.7
Housing Development Finance Corporation Limited
6.2
0.2
88.9
Barclays PLC Shs Issue 13 (Nil Paid)
1.8
0.1
89.0
Integrated Waste Solutions Group Holdings Limited
0.3
0.0
89.0
Sub Total
2455.0
89.0
0.0
OEICs
Name
Valuation (£m)
% of net assets
Cumulative %
Alliance Trust Global Thematic Opportunities Fund
192.6
7.0
96.0
Alliance Trust Monthly Income Bond Fund
165.6
6.0
102.0
Alliance Trust Dynamic Bond Fund
52.6
1.9
103.9
Sub Total
410.7
14.9
0.0
Other Asset Classes
Name
Valuation (£m)
% of net assets
Cumulative %
Unlisted Private Equity
114.2
4.1
108.0
Operating Subsidiaries
46.9
1.7
109.7
Real Estate
19.8
0.7
110.5
Cash
35.2
1.3
111.7
Other Assets
16.2
0.6
112.3
Gearing
(340.0)
(12.3)
100.0
Net Assets
2758.0
100.0
100.0
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