UK / Investment trust

Scottish Mortgage Investment Trust

SMT.LBelow 5%

OpenAI / PRIVATE SHARES

Not established

Total assets · 22 Sep 2026

Anthropic / PRIVATE SHARES

3.90%

Total assets · 22 Sep 2026

Below the 5% screen in the latest reviewed evidence.

PORTFOLIO / 22 Sep 2026

What the fund owns

Single-position valuation update.

Basis: Total assets

Company / asset	Allocation
Anthropic	3.90%

Only disclosed positions or categories are shown. No missing allocation is labelled cash or “other” by inference. Rounding can prevent totals from equalling 100%.

CALCULATION & INTERPRETATION

How this allocation is established

Use the issuer’s 22 September valuation announcement: 3.9% of total assets, below 5%.

Full research methodology

Caveats that matter

The notice updates a single position; it is not a complete portfolio.
No current OpenAI allocation is established here.