End-June portfolio positions
| Name | EPIC | Mkt.Cap (£m) | % of Portfolio |
| Cash deposit | CD | 8.6 | |
| TR European Growth Trust PLC | TRG | 532.4 | 7.1 |
| Conviviality Retail PLC | CVR | 532 | 6.1 |
| Fidelity Asian Values PLC | FAS | 263 | 6.2 |
| AdEPT Telecom PLC | ADT | 75.3 | 5.5 |
| Bioventix PLC | BVXP | 98.2 | 5.4 |
| Baillie Gifford Shin Nippon PLC | BGS | 292 | 5.2 |
| Biotech Growth Trust (The) PLC | BIOG | 427.2 | 4.9 |
| Avation PLC | AVAP | 136.5 | 4.3 |
| Royal Dutch Shell PLC | RDSB | 169041 | 3.6 |
| Imperial Brands PLC | IMB | 33061 | 3.5 |
| XLMedia PLC | XLM | 256.5 | 3.6 |
| U and I Group PLC | UAI | 236.1 | 3.1 |
| India Capital Growth Fund Ltd | IGC | 104.9 | 3.0 |
| JP Morgan European Investment Trust | JETI | 391.3 | 3.0 |
| Templeton Emerging Markets Investment Trust PLC | TEM | 1888.7 | 3.0 |
| Lloyds Banking Group PLC | LLOY | 47469 | 2.8 |
| Inland Homes PLC | INL | 121 | 2.4 |
| Card Factory PLC | CARD | 1014.8 | 2.1 |
| Accrol Group Holdings PLC | ACRL | 146 | 2.3 |
| Serco Group PLC | SRP | 1262.2 | 1.9 |
| Gattaca PLC | GATC | 98.7 | 1.9 |
| Faroe Petroleum PLC | FPM | 304.3 | 2.6 |
| Renew Holdings PLC | RNWH | 263.7 | 1.8 |
| Patisserie Holdings Ltd | CAKE | 353 | 1.4 |
| RedstoneConnect PLC | REDS | 27 | 1.4 |
| Elegant Hotels Group PLC | EHG | 81.3 | 1.6 |
| Satellite Solutions Worldwide Group PLC | SAT | 37.5 | 1.0 |
| Diversified Gas & Oil PLC | DGOC | 81.6 | 1.5 |
| Geiger Counter Ltd | GCL | 0.8 | |
| StatPro Group PLC | SOG | 76.7 | 0.6 |
| Fidelity Asian Values PLC | FASS | 0.1 |