)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Polar Capital Technology Trust
Polar Capital Technology Trust (PCT) investor relations material
Polar Capital Technology Trust H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2026 earnings summary10 Jul, 2026
Executive summary
NAV per share rose 102.2% year-over-year to 657.41p, with net assets reaching £7.32bn, outperforming the benchmark's 55.0% return.
Share price total return was 109.0%, narrowing the discount to NAV from 11.3% to 8.3%.
The portfolio's 'AI maximalist' positioning drove exceptional performance, with strong gains in semiconductors, networking, and AI infrastructure.
Management fees were reduced and performance fees eliminated, lowering the ongoing charges ratio to 0.69%.
No dividend was declared, maintaining the focus on long-term capital growth.
Financial highlights
Net assets increased 92.5% year-over-year to £7.32bn.
NAV per share rose from 325.20p to 657.41p; share price increased from 288.50p to 603.00p.
Total return from the portfolio was £3,752.5m, with capital gains of £3,762.0m and a revenue loss of £9.5m.
Ongoing charges ratio fell to 0.69% from 0.77% due to fee changes and asset growth.
Earnings per share were 330.42p, up from 9.97p in the prior year.
Outlook and guidance
The sector outlook remains positive, with AI adoption and infrastructure investment expected to drive further growth.
Macroeconomic uncertainty and potential US dollar weakness are noted as near-term headwinds.
The portfolio is positioned to benefit from continued AI developments and market regime shifts favoring diversification.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Polar Capital Technology Trust
- NAV per share rose 66% on robust AI-driven tech gains, outpacing the benchmark.PCT
H1 2026 - NAV up 3.1% but lagged benchmark; AI, large-cap tech, and volatility defined the year.PCTH2 2025
- NAV up 11.6% as AI drives portfolio, but underweight in mega-caps led to benchmark underperformance.PCTH1 2025
- NAV up 40.8% as AI and semiconductor focus drives outperformance and discount narrows.PCTH2 2024
Next Polar Capital Technology Trust earnings date
H1 20279 Dec, 2026
Polar Capital Technology Trust
Next Polar Capital Technology Trust earnings date
H1 20279 Dec, 2026
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
Frequently asked questions
Polar Capital Technology Trust plc (PCT) is a prominent investment entity specializing in technology investments. Launched in 1996, PCT focuses on maximizing long-term capital growth for its investors by investing in a diversified portfolio of technology companies worldwide. Managed by a dedicated team of technology specialists, the trust leverages its expertise to identify and invest in companies positioned to benefit from the evolving technological landscape. PCT's approach is distinguished by its multi-cycle track record, demonstrating its ability to navigate the complexities of the technology sector over various market conditions. The company is headquartered in London, UK, and its shares are listed on the London Stock Exchange.