Investment Trusts

Scottish Mortgage Investment Trust plc


Scottish Mortgage Investment Trust plc

  • Price (GBX)698.24
  • Today's Change-1.76 / -0.25%
  • Shares traded679.97k
  • 1 Year change-10.09%
  • Beta0.6504
Data delayed at least 20 minutes, as of Jun 07 2023 13:41 BST.
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About the company

Scottish Mortgage Investment Trust PLC is a United Kingdom-based investment trust. The Company’s objective is to maximize total return from a portfolio of long-term investments chosen on a global basis enabling the Company to provide capital and dividend growth. The Company invests in listed and private company securities and makes other investments so as to achieve its investment objective to maximize total return from a portfolio of long-term investments. It invests in various sectors, including consumer discretionary, technology, healthcare, industrials, financials, consumer staples, basic materials, energy, and real estate. The Company invests in various geographical segments, including North America, Europe, Asia, and South America. The Company’s Alternative Investment Fund Manager (AIFM) is Baillie Gifford & Co Limited.

  • Revenue in GBP (TTM)-2.81bn
  • Net income in GBP-2.92bn
  • Incorporated1909
  • Employees0.00
  • Location
    Scottish Mortgage Investment Trust plcCalton Square, 1 Greenside RowEDINBURGH EH1 3ANUnited KingdomGBR
  • Phone+44 131 275 2000
  • Fax+44 131 222 4488
  • Website
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Management group(s)Baillie Gifford & Co Limited.
AIC sectorGlobal
Launch date17 Mar 1909
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP


Investment is predominantly in equities. The number of equity holdings will typically range between 50 and 100 and the portfolio can be relatively concentrated. An unconstrained approach is adopted and there are no fixed limits set as to geographical, industry and sector exposure. The major part of the portfolio will be held in quoted equities with good liquidity. Investment may also be made in fixed interest securities, convertible securities, funds, unquoted entities and other assets based on the individual investment case. The maximum amount which may be invested in companies not listed on a public market shall not exceed 30 per cent of the total assets of the Company, measured at the time of purchase. The Company aims to achieve a greater return than the FTSE All-World Index (in sterling terms) over a five year rolling period or longer.

Managed by

Tom Slater, Lawrence Burns

Management & contract fees

The annual management fee is 0.30% p.a. on the first GBP 4bn of TA less current liabilities under management, and 0.25% p.a. thereafter. The Investment Management Agreement is terminable on not less than six months notice.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
(YOY change %)
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
(5 yr growth rate)
City of London Investment Trust plc61.66m48.83m2.03bn0.0039.751.03--32.980.10290.10290.13423.950.0309--7.27--2.453.032.493.0882.6982.6979.2079.73----0.0578146.07-59.87-10.76-62.69-11.70--3.25
Monks Investment Trust PLC-971.85m-989.91m2.35bn0.00--1.00-----4.26-4.26-4.2510.17-0.3244-------33.048.19-33.748.49--93.29--91.89----0.08842.44-155.23---157.79----13.46
Smithson Investment Trust PLC-939.79m-967.66m2.42bn0.00--1.03-----5.48-5.48-5.3714.11-0.3244-------33.40---33.45--------------0.00---275.87---292.11------
International Public Partnerships Ltd365.59m326.90m2.63bn0.007.630.8639--7.180.18010.18010.19851.590.1265--7.86--11.316.4111.366.4690.9884.6089.4282.20----0.009674.61121.0821.09152.9925.14--2.61
RIT Capital Partners plc-508.60m-577.20m2.86bn62.00--0.7913-----3.71-3.71-3.2723.83-0.1111-----8,203,226.00-12.615.90-13.706.38--93.51--79.36----0.091323.45-154.32---167.18--0.002.95
Polar Capital Technology Trust plc-897.13m-926.46m2.86bn0.00--1.09-----6.94-6.94-6.7620.95-0.2705-------27.9415.55-28.3816.00--93.77--92.99----0.01930.00-120.70---124.32------
3i Infrastructure PLC517.00m404.00m2.92bn0.006.991.05--5.660.45320.45320.583.030.1903--4.92--14.8711.9115.0212.1179.6981.5778.1482.00--81.800.078728.99-3.87-4.34-2.48-3.86--7.27
HICL Infrastructure PLC202.30m198.40m2.93bn0.0014.540.8732--14.460.0990.0990.10091.650.0621--674.33--6.097.556.107.55--99.9598.0798.41----0.0074.21-45.5910.27-46.1910.25--0.999
Alliance Trust PLC-208.47m-242.65m2.94bn7.00--1.03-----0.7914-0.7914-0.69729.89-0.0607-----29,781,710.00-7.075.83-7.366.09--91.15--84.77----0.066626.79-136.24---144.93----12.77
Renewables Infrastructure Group Ltd555.21m520.71m2.98bn0.005.520.8913--5.370.21740.21740.2291.350.183--26.94--17.1610.9017.1710.9099.9699.9193.7999.71--17.170.0053.79217.6342.92147.4142.01--1.50
Greencoat UK Wind PLC1.03bn953.86m3.44bn0.003.610.8888--3.360.41160.41160.44231.670.227--594.97--21.1211.1821.5211.2696.9494.6693.0586.58--36.010.221237.24142.0865.83162.6173.96--3.55
F&C Investment Trust PLC-442.52m-491.38m4.72bn0.00--1.02-----0.9345-0.9345-0.84858.97-0.0799-------8.876.28-8.976.40--91.31--87.93----0.111221.63-146.02---153.45----5.36
Scottish Mortgage Investment Trust PLC-2.81bn-2.92bn9.85bn0.00--0.857-----2.03-2.03-1.978.17-0.1857-------19.318.96-19.929.23--93.72--93.07----0.13694.61-15.19---14.85----5.96
Data as of Jun 07 2023. Currency figures normalised to Scottish Mortgage Investment Trust plc's reporting currency: UK Pound GBX

Institutional shareholders

23.16%Per cent of shares held by top holders
HolderShares% Held
Rathbones Investment Management of 23 Feb 202171.31m5.07%
Mitsubishi UFJ Kokusai Asset Management Co., of 30 Nov 202144.78m3.18%
Hargreaves Lansdown Asset Management of 01 Mar 202344.42m3.16%
Evelyn Partners Investment Management LLPas of 01 Mar 202338.37m2.73%
BlackRock Investment Management (UK) of 01 Mar 202329.84m2.12%
Investec Wealth & Investment of 01 Mar 202329.09m2.07%
J. M. Finn & Co. of 01 Mar 202325.77m1.83%
Quilter Cheviot of 01 Mar 202316.74m1.19%
Legal & General Investment Management of 01 Mar 202314.99m1.07%
BlackRock Advisors (UK) of 01 Mar 202310.65m0.76%
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Data from 31 Mar 2022 - 31 May 2023Source: FactSet Research Systems Inc.
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