The latest Investment Trust: State of Ownership report from Warhorse Partners in partnership with EQ RD:IR highlights clear shifts in who owns UK investment trusts. Retail investors now account for 37% of the market by value, strengthening their position as the largest ownership group.
Institutional investors remain significant at 27%, with their overall holdings rising in value despite a decline in share volumes — reflecting a move toward alternatives and specialist strategies. Wealth managers hold 28%, although their share volumes have reduced year‑on‑year.
Together, these trends show an evolving investor base and provide Investment Trust boards and managers with essential context for planning shareholder engagement and assessing future demand.
Understand market perception of your stock and get unconflicted investor relations advice and strategies. For further information, please visit our Investor Relations Services page or get in touch to find out how we can help and support you.
Originally published in March 2026 at Warhorse Partners.