Looking at that site, the data is from 31 March. So presumably it’s taken from when all the BG funds updated their portfolios - which suggests the trimmings of Tesla, Nio etc. is taking place in other funds. Of course SMT have been trimming their positions in Tesla etc. - I’m just saying that I’m not sure you can read that site for accurate insights into what SMT specifically are doing.
Yeah fair point. I did say in my first post that it’s going to be across funds/trusts. We Don’t have a BG topic so thought I’d put it on this thread.
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Preliminary Annual Results March 2021
The annual reports are always an interesting read
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Webinar Registration:
EMBRACING THE EXTRAORDINARY: IN CONVERSATION WITH TOM SLATER - TUESDAY 22 JUNE 2021 AT 11:00AM
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Here’s @gemma’s latest rundown of SMT:
Capital at risk
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I like SMTs approach, and I’ve always seen one of the big upsides to a trust is their ability to invest in private companies that I could generally never do directly, and their ability to be more flexible around holding cash back.
And what’s not to like about feeling like you own a bit of SpaceX 
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I was thoroughly impressed with Lawrence, it sounds like he did a lot of the BTS work on SMT’s ASML position.
SMT’s approach is incredibly convincing, being invested at the fore front of the greatest changes in humanity is exciting.
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This has been the surprise of my 4 SIPP picks. Just opened a SIPP last month and SMT are up nearly 10% while the others are treading water. Obviously it’s early days, I’m in for the long term and expect volatility. Averaging 10% a year would be great! (At 10% a month I might retire before I’m 90) 
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Well done. I read about someone recently who inherited some SMT shares in the 80s and has held since. I love the longevity of the fund as it goes back to the 1930s. Would be great if I can hold for another 30 years and see where it is then.
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SMT has had its share of treading water the past couple of months including what I expect (but haven’t checked) are some sell offs as the price rises.
Not that that’s a bad thing, SMT is still trading under its NAV last I checked.
I personally think it’s quite a well managed trust, so long as your happy with the sizeable private investments
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I imagine there’ll be some wobbles when Anderson clears his desk, though I’ll be sticking with Slater and Burns, despite that sounding like a crematorium firm.
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This is what appeals to me. The large holding of private equity. They’ve got some quite nice ones in there including Space X and Stripe.
They did have quite a large China exposure if I remember (so that can be quite volatile), but over a long enough timeframe this trust still looks like it can deliver. Definitely one for the SIPP.
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One of the main advantages of SMT is the unlisted holdings. The returns for some of these holdings has been amazing and you can see the value generated from accessing these companies pre-IPO.
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I think they may have got this bit wrong:
Capsule Corp, a French startup that is using the Polkadot blockchain protocol
I believe it’s these Pharmacy people:
I may be wrong about their being wrong though…
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Those holdings look out of date
Generally all tech and growth is having a rough time but yes their Chinese ADR exposure is high. They switched all their BABA holding into 9988.HK in October.
It’s still trading at a premium to NAV albeit could be lower on Monday
There’s always potential for the share price to drop further. Keep a close eye on it
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