KERNEL KIWISAVER PLAN
Kernel Nz 20 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
1
Exited
1
Grew / Shrank / Held
5 / 3 / 1
Entered the top 10
- Chorus Ltd3.85% of fund
Exited the top 10
- SPARK NEW ZEALAND LIMITED (NZ REGISTERED)Shareswas 4.42%
Increased weighting
- The a2 Milk Company Ltd6.01% → 7.93% (+1.92 pp)
- Contact Energy Ltd6.95% → 8.33% (+1.38 pp)
- Infratil Limited9.88% → 11.02% (+1.14 pp)
- Auckland International Airport12.58% → 12.79% (+0.21 pp)
- Mercury NZ Limited3.91% → 4.10% (+0.19 pp)
Decreased weighting
- EBOS7.22% → 4.32% (-2.90 pp)
- Mainfreight Limited5.53% → 4.52% (-1.01 pp)
- Meridian Energy7.28% → 6.77% (-0.51 pp)
Current top holdings (31 March 2026)
| Asset | Class | Country | % of fund |
|---|---|---|---|
| Contact Energy Ltd | — | — | 8.33% |
| The a2 Milk Company Ltd | — | — | 7.93% |
| Meridian Energy | — | — | 6.77% |
| Mainfreight Limited | — | — | 4.52% |
| EBOS | — | — | 4.32% |
| Mercury NZ Limited | — | — | 4.10% |
| Chorus Ltd | — | — | 3.85% |
| Fisher & Paykel Healthcare Corp Ltd | — | — | 14.87% |
| Auckland International Airport | — | — | 12.79% |
| Infratil Limited | — | — | 11.02% |
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.