| | | |
| Security | Change | # Units | Value (Rm) | % Fund | # Units | Value (Rm) | % Fund |
| Absa Group Ltd. | 41,586 | 168,594 | 40.66 | 8.64 | 127,008 | 30.40 | 6.76 |
| Capitec Bank Holdings Ltd. | -182 | 17,532 | 72.27 | 15.35 | 17,714 | 73.62 | 16.36 |
| FirstRand Ltd. | 9,963 | 1,075,102 | 95.39 | 20.26 | 1,065,139 | 96.66 | 21.48 |
| Investec Ltd. | -20,510 | 62,105 | 7.93 | 1.69 | 82,615 | 10.09 | 2.24 |
| Nedbank Group Ltd. | -5,010 | 31,525 | 8.41 | 1.79 | 36,535 | 9.73 | 2.16 |
| Standard Bank Group Ltd. | -2,594 | 284,883 | 86.73 | 18.42 | 287,477 | 83.48 | 18.56 |
| Banks Total | 23,253 | 1,639,741 | 311.41 | 66.15 | 1,616,488 | 303.98 | 67.57 |
| Cash on call | 0 | 0 | 3.05 | 0.65 | 0 | 0.00 | 0.00 |
| Cash on call Total | 0 | 0 | 3.05 | 0.65 | 0 | 0.00 | 0.00 |
| ST James Place | 30,290 | 30,290 | 8.17 | 1.74 | 0 | 0.00 | 0.00 |
| Financial Services Total | 30,290 | 30,290 | 8.17 | 1.74 | 0 | 0.00 | 0.00 |
| Financials positions individually less than 1% of fund | 0 | 0 | 4.88 | 1.04 | 0 | 6.15 | 1.37 |
| General Financial Total | 0 | 0 | 4.88 | 1.04 | 0 | 6.15 | 1.37 |
| Industrials positions individually less than 1% of fund | 0 | 0 | 3.95 | 0.84 | 0 | 4.22 | 0.94 |
| General Industrials Total | 0 | 0 | 3.95 | 0.84 | 0 | 4.22 | 0.94 |
| PSG Financial Services Ltd. | -12,597 | 545,958 | 14.46 | 3.07 | 558,555 | 15.22 | 3.38 |
| Quilter plc | -7,372 | 319,561 | 12.61 | 2.68 | 326,933 | 13.26 | 2.95 |
| Reinet Investments SCA | 1,679 | 31,585 | 17.47 | 3.71 | 29,906 | 17.35 | 3.86 |
| Investment Banking and Brokerage Services Total | -18,290 | 897,104 | 44.54 | 9.46 | 915,394 | 45.82 | 10.18 |
| Discovery Ltd. | -3,121 | 135,325 | 33.75 | 7.17 | 138,446 | 31.51 | 7.00 |
| Sanlam Ltd. | 76,252 | 423,317 | 37.67 | 8.00 | 347,065 | 34.18 | 7.60 |
| Life Insurance Total | 73,131 | 558,642 | 71.42 | 15.17 | 485,511 | 65.69 | 14.60 |
| OUTsurance Group Ltd. | 17,927 | 245,821 | 17.11 | 3.63 | 227,894 | 16.33 | 3.63 |
| Non-life Insurance Total | 17,927 | 245,821 | 17.11 | 3.63 | 227,894 | 16.33 | 3.63 |
| We Buy Cars Holdings Ltd. | -3,636 | 157,657 | 6.24 | 1.33 | 161,293 | 7.71 | 1.71 |
| Retailers Total | -3,636 | 157,657 | 6.24 | 1.33 | 161,293 | 7.71 | 1.71 |
| Portfolio Total | 122,675 | 3,529,255 | 470.76 | 100.00 | 3,406,580 | 449.91 | 100.00 |