From MoneyWeek · · 1m
HgCapital Trust: UK Tech Investment Trust
HgCapital Trust's shares trade 26% below NAV despite AI fears, with strong exits and new investments.
In brief
HgCapital Trust's shares trade 26% below NAV despite AI fears, with strong exits and new investments. HgCapital Trust's shares trade 26% below net asset value as it shows resilience through AI-driven software investments and strong exits. Originally reported by MoneyWeek.
HgCapital Trust's market position
HgCapital Trust is Britain's second-largest listed tech company with a £2 billion fund.
Share price discount
Shares trade 26% below net asset value despite recent premium in late 2024.
Investment trust structure
Professional managers avoid funds managed by others due to risk aversion.
AI sector impact
AI fears caused software shares to fall, affecting HgCapital Trust's net asset value.
Recent performance
HgCapital Trust reported 16% revenue and 19% net cash flow growth over 12 months.
Visma listing delay
Visma's postponed listing is bad news for HgCapital Trust's largest holding at 12% of portfolio.
Investment exits
HgCapital Trust made three full exits, one partial exit and four re-financings in 2026.
What matters most
HgCapital Trust's shares trade 26% below net asset value as it shows resilience through AI-driven software investments and strong exits.
