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.
Entered the top 10
- Air New Zealand Ltd3.94% of fund
- Stride Property Limited3.66% of fund
Exited the top 10
- Sky City Entertainment Group Limitedwas 4.76%
- Gentrack Ltd (NZ Register)was 4.59%
Increased weighting
- Skellerup Holdings Ltd6.28% → 7.47% (+1.19 pp)
- Channel Infrastructure NZ Ltd7.36% → 7.66% (+0.30 pp)
- Scales Corporation Limited5.32% → 5.44% (+0.12 pp)
Decreased weighting
- Fonterra Shareholders' Fund5.43% → 4.39% (-1.04 pp)
- Argosy Property Ltd6.05% → 5.30% (-0.75 pp)
- Heartland Group Holdings Limited6.29% → 6.04% (-0.25 pp)
- Tower Limited3.92% → 3.71% (-0.21 pp)
Current top holdings (30 June 2026)
| Asset | Class | Country | % of fund |
|---|---|---|---|
| Channel Infrastructure NZ Ltd | — | — | 7.66% |
| Skellerup Holdings Ltd | — | — | 7.47% |
| Vital Healthcare Property | — | — | 6.42% |
| Heartland Group Holdings Limited | — | — | 6.04% |
| Scales Corporation Limited | — | — | 5.44% |
| Argosy Property Ltd | — | — | 5.30% |
| Fonterra Shareholders' Fund | — | — | 4.39% |
| Air New Zealand Ltd | — | — | 3.94% |
| Tower Limited | — | — | 3.71% |
| Stride Property Limited | — | — | 3.66% |
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.
Compare every fund on the FMA Disclose register. Refreshed quarterly. Independent — FundCompare is not a Financial Advice Provider; general information only.
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