Scottish Mortgage Investment Trust, GB00BLDYK618

Scottish Mortgage stock details AI shift in October portfolio update

Published on 10/29/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scottish Mortgage stock stood at EUR 18.50 at Lang & Schwarz on October 29, 2026. Its 2026 return reached 40.30 percent by September 30.

Portfolio evidence and structure

The October 2026 portfolio update links artificial intelligence to chips, power, data centers, robotics and software.
Net asset value returned 36.30 percent in the year to September 30, 2026.
Shareholders' funds totaled GBP 18,066.20 million at September 30, 2026.
Ongoing charges were 0.33 percent as of March 31, 2026.

Scottish Mortgage Investment Trust, GB00BLDYK618, Illustration mit AI erstellt.

Scottish Mortgage Investment Trust (ISIN GB00BLDYK618) recorded a 40.30 percent share-price return for the year to September 30, 2026, according to Scottish Mortgage. Its October 2026 portfolio update presents artificial intelligence as a force reshaping both software and physical infrastructure.

AI moves beyond software

The update dated October 2026 connects the next investment cycle with chips, power, data centers, factories, robotics and software. Scottish Mortgage says this broader AI value chain is changing where scarcity and pricing power may sit.

The trust also described founder-led businesses as a portfolio characteristic. Its examples include NVIDIA, Shopify and Meta, while newer investments span semiconductor equipment, defense manufacturing, construction, drug discovery and software.

What does the portfolio shift change?

The main change is capital allocation across public and private companies and across digital and physical businesses. The update says capital was recycled from established winners, including SpaceX, into newer opportunities while concentration remained a risk.

Performance data add useful context. Net asset value returned 36.30 percent in the year to September 30, 2026, while the share price returned 40.30 percent. Shareholders' funds stood at GBP 18,066.20 million at September 30, 2026, and active share was 87 percent relative to the FTSE All-World Index, according to Scottish Mortgage.

Structure keeps the discount relevant

The investment trust structure remains central to the proposition. Ongoing charges were 0.33 percent as of March 31, 2026, while the trust reported total assets of GBP 18,674.87 million and shareholders' funds of GBP 18,066.20 million as of September 30, 2026.

At Lang & Schwarz, Scottish Mortgage Investment Trust was trading at EUR 18.50 on October 29, 2026, at 1:02 p.m. CET. The further course of trading is shown by the continuously updated real-time quote of Scottish Mortgage Investment Trust stock.