KERNEL KIWISAVER PLAN
Kernel Nz Commercial Property 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
4 / 4 / 0
Entered the top 10
- The top 10 investments make up100.01% of fund
Exited the top 10
- CASH AND CASH EQUIVALENTSCashwas 0.00%
Increased weighting
- Vital Healthcare Property11.34% → 12.24% (+0.90 pp)
- Goodman Property Trust17.08% → 17.87% (+0.79 pp)
- Kiwi Property Group Limited16.76% → 17.39% (+0.63 pp)
- Argosy Property Ltd11.33% → 11.51% (+0.18 pp)
Decreased weighting
- Stride Property Limited7.75% → 7.08% (-0.67 pp)
- Investore Property Limited4.38% → 3.75% (-0.63 pp)
- Precinct Properties New Zealand Limited17.64% → 17.02% (-0.62 pp)
- Property for Industry Limited13.72% → 13.13% (-0.59 pp)
Current top holdings (31 March 2026)
| Asset | Class | Country | % of fund |
|---|---|---|---|
| Stride Property Limited | — | — | 7.08% |
| Investore Property Limited | — | — | 3.75% |
| Goodman Property Trust | — | — | 17.87% |
| Kiwi Property Group Limited | — | — | 17.39% |
| Precinct Properties New Zealand Limited | — | — | 17.02% |
| Property for Industry Limited | — | — | 13.13% |
| Vital Healthcare Property | — | — | 12.24% |
| Argosy Property Ltd | — | — | 11.51% |
| The top 10 investments make up | — | — | 100.01% |
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.