Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

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<ul>
  <li>
<a href="https://smartkarma.com/entities/schiehallion-fund-limited-accum-ordinary-usd">Schiehallion Fund</a> offers unique access to a curated portfolio of high-growth, late-stage private companies, managed by the highly regarded growth investor Baillie Gifford.</li>
  <li>The fund's performance is intrinsically linked to the valuation of its unlisted holdings and the viability of the IPO market for successful exits. Recent performance has been strong, but the strategy carries high uncertainty and illiquidity risk.</li>
  <li>Currently trading at a discount to its Net Asset Value (NAV), the fund presents a potentially attractive entry point for long-term investors with a high-risk tolerance, offering exposure to companies like SpaceX, Bending Spoons, and Anthropic.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Schiehallion Fund offers unique access to a curated portfolio of high-growth, late-stage private companies, managed by the highly regarded growth investor Baillie Gifford.
  The fund's performance is intrinsically linked to the valuation of its unlisted holdings and the viability of the IPO market for successful exits. Recent performance has been strong, but the strategy carries high uncertainty and illiquidity risk.
  Currently trading at a discount to its Net Asset Value (NAV), the fund presents a potentially attractive entry point for long-term investors with a high-risk tolerance, offering exposure to companies like SpaceX, Bending Spoons, and Anthropic.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Schiehallion Fund (MNTN LN) - Aug 2026

Index Rebalance and Special Situations, Quiddity Advisors

Afridi Reyal

Index Rebalance and Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The March 2026 index review results for the F100 and F250 indices were announced yesterday after LSE market close.</li>
<li>There will be two index changes for F100 and two separate index changes for F250. </li>
<li>The announced results were in line with our final expectations discussed here (<a href="https://www.smartkarma.com/discussion/243825" target="_blank" rel="noopener">link</a>).  </li>
</ul>


The March 2026 index review results for the F100 and F250 indices were announced yesterday after LSE market close.
There will be two index changes for F100 and two separate index changes for F250. 
The announced results were in line with our final expectations discussed here (link).  


Quiddity F100/F250 Mar26 Results: All Expected ADDs/DELs Correct; One High Impact ADD

US-EU Index Rebalances / Quantitative Researcher

Dimitris Ioannidis

Global Financial Data and Analytics Platform

ORTEX

ORTEX is a global financial data and analytics platform providing real-time securities lending and short interest data, index rebalance data, holdings and insider transactions, trading signals, corporate actions and news,  stock machine learning and factor scores and other analytics. The majority of the data are downloadable and accessible through APIs.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/the-schiehallion-fund-limited" target="_blank" data-smartkarma-citation="entities:46402:1" rel="noopener">Schiehallion Fund (MNTN LN)</a> is the flagship forecasted addition at the March 2026 review following its listing transfer to the LSE Main Market.</li>
<li>
<a href="https://www.smartkarma.com/entities/ashtead-group-plc" target="_blank" data-smartkarma-citation="entities:21806:1" rel="noopener">Ashtead (AHT LN)</a> is expected to experience significant supply from UK index funds in February and demand from US in June following its corporate &amp; listing structure change.</li>
<li>
<a href="https://www.smartkarma.com/entities/tritax-big-box-reit-plc" target="_blank" data-smartkarma-citation="entities:21830:1" rel="noopener">Tritax Big Box Reit (BBOX LN)</a> and <a href="https://www.smartkarma.com/entities/ig-group-holdings-plc" target="_blank" data-smartkarma-citation="entities:21989:1" rel="noopener">Ig Group Holdings (IGG LN)</a> are the main candidates to replace <a href="https://www.smartkarma.com/entities/ashtead-group-plc" target="_blank" data-smartkarma-citation="entities:21806:1" rel="noopener">Ashtead (AHT LN)</a> and be added to F100 at the review.</li>
</ul>



Schiehallion Fund (MNTN LN) is the flagship forecasted addition at the March 2026 review following its listing transfer to the LSE Main Market.

Ashtead (AHT LN) is expected to experience significant supply from UK index funds in February and demand from US in June following its corporate &amp; listing structure change.

Tritax Big Box Reit (BBOX LN) and Ig Group Holdings (IGG LN) are the main candidates to replace Ashtead (AHT LN) and be added to F100 at the review.


UK Index Forecasts - Mar26: Schiehallion Fund Headlines F250; Ashtead Moves to US

<ul>
<li>In this insight, we take a look at the potential index changes for the F100 and F250 in the run-up to the June 2026 index rebal event.</li>
<li>Our latest estimates suggest there could be two regular changes for F100 and one regular change for F250 during the June 2026 rebal.</li>
<li>We see two M&amp;A-related intra-review changes for the F250 index after the rebal event.</li>
</ul>


In this insight, we take a look at the potential index changes for the F100 and F250 in the run-up to the June 2026 index rebal event.
Our latest estimates suggest there could be two regular changes for F100 and one regular change for F250 during the June 2026 rebal.
We see two M&amp;A-related intra-review changes for the F250 index after the rebal event.


Quiddity Leaderboard F100/F250 Jun26: Two F100 and One F250 Changes; Two Months till the Base Date

United Kingdom

Schiehallion Fund Limited is a Guernsey-based closed-ended investment company that seeks to generate capital growth by making long-term minority investments in later-stage private businesses with transformational growth potential that are likely to become publicly traded. The company invests in various sectors including information technology, industrials, financials, and healthcare. It was incorporated in 2019 and is headquartered in Guernsey.

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Schiehallion Fund (MNTN LN)

Primer: Schiehallion Fund (MNTN LN) - Aug 2026

Schiehallion Fund offers unique access to a curated portfolio of high-growth, late-stage private companies, managed by the highly regarded...

αSK Primers

Quiddity F100/F250 Mar26 Results: All Expected ADDs/DELs Correct; One High Impact ADD

March 2026 index review results for F100 and F250 indices were announced in line with expectations. Schiehallion is a big impact name to trade.

Afridi Reyal

UK Index Forecasts - Mar26: Schiehallion Fund Headlines F250; Ashtead Moves to US

AHT was removed from F100 and saw passive fund supply of ~29m shares, $2bn, 16 ADV at the close on 27 February. BBOX replaced AHT in F100, and COST...

Dimitris Ioannidis

Quiddity Leaderboard F100/F250 Jun26: Two F100 and One F250 Changes; Two Months till the Base Date

We see two F100 changes and one F250 change so far. We have a little over two months to the base date and changes could happen until then.

Afridi Reyal

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Primer: Schiehallion Fund (MNTN LN) - Aug 2026

Schiehallion Fund offers unique access to a curated portfolio of high-growth, late-stage private companies, managed by the highly regarded...

αSK Primers

Quiddity F100/F250 Mar26 Results: All Expected ADDs/DELs Correct; One High Impact ADD

​March 2026 index review results for F100 and F250 indices were announced in line with expectations. Schiehallion is a big impact name to trade.

Afridi Reyal

UK Index Forecasts - Mar26: Schiehallion Fund Headlines F250; Ashtead Moves to US

AHT was removed from F100 and saw passive fund supply of ~29m shares, $2bn, 16 ADV at the close on 27 February. BBOX replaced AHT in F100, and COST...

Dimitris Ioannidis

Quiddity Leaderboard F100/F250 Jun26: Two F100 and One F250 Changes; Two Months till the Base Date

We see two F100 changes and one F250 change so far. We have a little over two months to the base date and changes could happen until then.

Afridi Reyal

March 2026 index review results for F100 and F250 indices were announced in line with expectations. Schiehallion is a big impact name to trade.