Scottish Mortgage Investment Trust (SMT · LSE)
FinancialsLSE
The Portfolio You Can't Build Yourself
Access the world's most valuable private and public technology companies, from SpaceX and Anthropic to Nvidia and TSMC.
Scottish Mortgage Investment Trust PLC
SMT: LSE
1486.00 GBp
+25.72%
year to date
Market Cap
Avg Volume
Price
P/E Ratio
Pricing delayed 20 minutes Sep 7, 2026, 12:00 AM
Bull case for Scottish Mortgage Investment Trust
Access to Companies You Can't Buy Anywhere Else
one listed share holds SpaceX, Anthropic, Stripe and ByteDance.
A Proven Eye for Backing Winners Early
SpaceX turned $200m into roughly £3bn over seven years.
A Low-Cost, Disciplined Way to Hold High-Growth Assets
Large scale, 0.31% charges, active buybacks and 43 years of dividend growth.
Bear case for Scottish Mortgage Investment Trust
Heavy Reliance on a Single Holding
SpaceX alone drives around a quarter of the trust's value.
Hard-to-Sell Private Holdings
Unquoted stakes can be illiquid and hard to value in a downturn.
Borrowing and Volatility Amplify Both Ways
Gearing and growth-stock exposure magnify gains and losses alike.