KERNEL KIWISAVER PLAN
Kernel Nz Small & Mid Cap Opportunities Fund — holdings changes
Top-10 portfolio holdings extracted from each FMA-mandated Quarterly Fund Update. The diff below shows what entered, exited, grew, or shrank between the two most recent quarters on file.
Comparing
7 September 2025 → 31 March 2026
Entered
2
Exited
2
Grew / Shrank / Held
4 / 4 / 0
Entered the top 10
- Gentrack Ltd (NZ Register)4.59% of fund
- Tower Limited3.92% of fund
Exited the top 10
- VISTA GROUP INTERNATIONAL LIMITEDShareswas 4.87%
- STRIDE PROPERTY LIMITEDShareswas 4.61%
Increased weighting
- Channel Infrastructure NZ Ltd5.71% → 7.36% (+1.65 pp)
- Heartland Group Holdings Limited4.99% → 6.29% (+1.30 pp)
- Scales Corporation Limited4.30% → 5.32% (+1.02 pp)
- Fonterra Shareholders' Fund5.15% → 5.43% (+0.28 pp)
Decreased weighting
- Argosy Property Ltd6.74% → 6.05% (-0.69 pp)
- Skellerup Holdings Ltd6.73% → 6.28% (-0.45 pp)
- Sky City Entertainment Group Limited5.20% → 4.76% (-0.44 pp)
- Vital Healthcare Property6.74% → 6.44% (-0.30 pp)
Current top holdings (31 March 2026)
| Asset | Class | Country | % of fund |
|---|---|---|---|
| Channel Infrastructure NZ Ltd | — | — | 7.36% |
| Vital Healthcare Property | — | — | 6.44% |
| Heartland Group Holdings Limited | — | — | 6.29% |
| Skellerup Holdings Ltd | — | — | 6.28% |
| Argosy Property Ltd | — | — | 6.05% |
| Fonterra Shareholders' Fund | — | — | 5.43% |
| Scales Corporation Limited | — | — | 5.32% |
| Sky City Entertainment Group Limited | — | — | 4.76% |
| Gentrack Ltd (NZ Register) | — | — | 4.59% |
| Tower Limited | — | — | 3.92% |
Data sources
- FMA Disclose register — Quarterly Fund Updates
- Provider websites — issuer-published QFU PDFs
Top-10 holdings are a snapshot only; funds may hold many more positions outside the top-10. General information only — not financial advice.
FundCompare
Compare every fund within a KiwiSaver scheme on the FMA Disclose register. Refreshed quarterly. Independent — FundCompare is not a Financial Advice Provider; general information only.