Polar Capital Technology Trust — Top Ten Equity Holdings and Exposures

(LSE:PCT) Polar Capital Technology Trust disclosed its top ten equity holdings as at 30 October 2026, which together account for 49.0% of the portfolio. The largest individual holding is NVIDIA at 10.3%. Microsoft represents 7.6% of the portfolio. TSMC comprises 5.7% of the holdings. Sector exposure is led by Semiconductors & Semiconductor Equipment at 39.0%. Technology Hardware accounts for 10.4% of the portfolio. Software exposure is 9.7%. Geographic exposure is concentrated in the US & Canada at 65.9%. Asia Pacific (excluding Japan) represents 16.1% of the portfolio. Cash holdings make up 9.4% of the portfolio, providing liquidity for redeployment. The portfolio is highly concentrated in large-cap US semiconductors and related hardware. This concentration creates both upside sensitivity to chip-cycle strength and downside risk from sector weakness. The figures reflect the portfolio composition as of 30 October 2026.