Allianz Technology Trust — Top 10 and Geographical Holdings

Allianz Technology Trust reveals a concentrated tech-heavy portfolio dominated by US equities.

What the company is saying

Allianz Technology Trust PLC is providing a detailed snapshot of its portfolio as at 30 September 2026, listing its top 10 holdings by market value and percentage allocation. The company highlights Nvidia Corp as its largest position at 253,941,125, making up 9.52% of the portfolio, followed by Microsoft Corp at 191,329,525 (7.17%) and Alphabet Inc Cl A at 183,890,178 (6.89%). The announcement emphasizes the trust’s strong focus on North American technology companies, with over 90% of assets in that region. The geographical breakdown is explicit, showing zero exposure to the United Kingdom and minimal allocation to Europe ex UK and the Far East and Pacific. The tone is factual and neutral, with no forward-looking statements or commentary on performance. Kirsten Salt is named as Company Secretary, but no executive commentary or strategic narrative is included.

What the data suggests

The disclosed figures show a portfolio with total gross assets of 2,668,751,097 and total assets less current liabilities of 2,653,334,965, representing 100% of the portfolio. The top 10 holdings account for a significant portion of the trust, with Nvidia Corp alone at 253,941,125 (9.52%). Other major positions include Microsoft Corp (191,329,525, 7.17%), Alphabet Inc Cl A (183,890,178, 6.89%), and Taiwan Semiconductor SP ADR (166,279,879, 6.23%). Cash holdings are low at 20,032,888 (0.76%), indicating the trust is nearly fully invested. Regional exposure is highly concentrated: North America represents 2,398,692,871 (90.40%), with the Far East and Pacific at 222,863,596 (8.40%), and Europe ex UK at 11,745,610 (0.44%). The United Kingdom has no allocation. Within the Far East and Pacific, Taiwan is the largest exposure at 166,279,879 (6.26%), followed by South Korea at 44,738,782 (1.69%). The total stock value is 2,633,302,077 (99.24% of the portfolio), confirming minimal cash drag. The data is comprehensive for the reporting date but lacks any historical or comparative context.

Analysis

The announcement is a routine portfolio disclosure, listing the top 10 holdings and regional allocations as at 30 September 2026. All claims are factual, realised, and supported by explicit numerical data. There are no forward-looking statements, projections, or aspirational language present. No capital outlay, strategic initiative, or future benefit is discussed, so there is no gap between narrative and evidence. The tone is strictly informational, with no promotional or exaggerated language. The data is transparent and internally consistent, but does not provide trend or performance context.

Risk flags

• ●Portfolio concentration risk is high, with the top 10 holdings making up a large portion of total assets and Nvidia alone representing 9.52%. This increases vulnerability to adverse moves in a few stocks.
• ●Regional concentration is extreme, with 90.40% of assets in North America and no exposure to the United Kingdom. This leaves the trust exposed to US market and currency fluctuations.
• ●The absence of historical or comparative data in the announcement prevents investors from assessing trends in allocation, performance, or risk management over time.

Bottom line

This disclosure shows Allianz Technology Trust PLC is heavily invested in large-cap US technology stocks, with Nvidia, Microsoft, and Alphabet as the biggest positions. The trust has minimal cash and is almost entirely exposed to equities, particularly in North America, and has no UK holdings. While the data is transparent and detailed for the reporting date, the lack of trend or performance information limits deeper analysis. Investors should recognize the portfolio’s high concentration in both sector and geography, which can amplify volatility. The most important takeaway is the trust’s strong bet on US tech giants, with little diversification outside that theme.

Announcement summary

(LSE:ATT) Allianz Technology Trust PLC disclosed its top 10 holdings as at 30 September 2026. The largest holding is Nvidia Corp with a market value of 253,941,125, representing 9.52% of the portfolio. Microsoft Corp is held at a market value of 191,329,525, or 7.17%. Alphabet Inc Cl A is held at 183,890,178, or 6.89%. Taiwan Semiconductor SP ADR is held at 166,279,879, or 6.23%. Broadcom Inc is held at 145,221,950, or 5.44%. Apple Inc is held at 140,251,900, or 5.26%. Micron Technology Inc is held at 101,738,804, or 3.81%. Meta Platforms Inc Class A is held at 101,563,410, or 3.81%. Advanced Micro Devices is held at 82,400,396, or 3.09%. Lam Research Corp is held at 78,268,332, or 2.93%. The total gross assets of the trust are 2,668,751,097. Cash holdings amount to 20,032,888, or 0.76% of the portfolio. The geographical distribution as at 30 September 2026 is as follows: United Kingdom 0 (0.00%), Europe ex UK 11,745,610 (0.44%), North America 2,398,692,871 (90.40%), and Far East and Pacific 222,863,596 (8.40%). Within the Far East and Pacific, South Korea accounts for 44,738,782 (1.69%), Taiwan for 166,279,879 (6.26%), and Taiwan (Province of China) for 11,844,935 (0.45%). The total assets less current liabilities are 2,653,334,965, representing 100.00% of the portfolio. The total stock value is 2,633,302,077, or 99.24% of the portfolio. Kirsten Salt is named as Company Secretary.

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