I've updated my attempt from last year at trending the Top 20...

I've updated my attempt from last year at trending the Top 20 shareholders over the last four Annual Reports. A few things to note; the holder names have changed format a little over the years so I've manually adjusted, BNP Paribas had two accounts in FY23/FY24 that I combined (rightly or wrongly), it only shows holdings if they are in the top 20 (ie blank doesn't necessarily = 0), I've cut off the list to 25 holdings. The big movement this year is the exit of JEKL, Anthony and Michele Kittel, and Madioc Tiong. A quick Google shows that JEKL is owned by Anthony Kittle so that's an 18.5mil total reduction (remembering they may still hold an amount that's below the Top 20). Other than that, some of the big individual holdings continue to increase, and a few nominees have reduced. Overall, nothing too concerning to me.