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NatWest Markets Plc
Jonathan Peberdy · Bank/Insurer · Fixed Income
NatWest Markets Plc is the investment banking arm of NatWest Group, providing institutional and corporate clients with debt financing, risk management, and trading solutions across global markets. Headquartered in London, the firm originated from the structural reform of the Royal Bank of Scotland (RBS) Group's corporate and institutional banking division, officially adopting the NatWest Markets name in 2018. It focuses on the UK and European markets while maintaining a strategic presence in the US and Asia. The institution operates under a leaner, customer-centric model, leveraging its deep expertise in fixed income, currencies, and capital markets to provide liquidity and strategic advisory services to its diverse client base.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +17.8% |
| YTD return | +7.7% |
| Sharpe ratio | 4.25 |
| Win rate | 55% |
| AUM | $0.8B |
| Inception | Oct 1, 2025 |
| Updated | Sep 22, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.8B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://ci.natwest.com/ |
Current Holdings
Updated on Sep 22, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| SHEL | Shell PLC ADR | 11.0% | +28.6% |
| LYG | Lloyds Banking Group PLC ADR | 7.1% | +27.6% |
| HSBC | HSBC Holdings PLC ADR | 6.7% | +41.4% |
| RIO | Rio Tinto ADR | 6.3% | +42.9% |
| RYCEY | Rolls Royce Holdings plc | 6.0% | 0.0% |
| TSCDY | Tesco PLC | 6.0% | 0.0% |
| BCS | Barclays PLC ADR | 5.8% | +20.4% |
| BP | BP PLC ADR | 5.8% | +24.0% |
| NWG | Natwest Group PLC | 5.8% | +28.9% |
| GSK | GlaxoSmithKline PLC ADR | 5.7% | +11.5% |
| LGGNY | Legal & General Group Plc | 4.8% | +0.0% |
| BTI | British American Tobacco p.l.c. | 4.5% | +7.2% |
| IMBBY | Imperial Brands PLC | 4.1% | -0.0% |
| MAKSY | Marks & Spencer Group Plc | 3.7% | 0.0% |
| VOD | Vodafone Group PLC ADR | 3.5% | +44.3% |
| UL | Unilever PLC ADR | 3.4% | -3.9% |
| SSEZY | SSE PLC ADR | 2.6% | 0.0% |
| BAESY | BAE Systems PLC | 2.5% | 0.0% |
| NGG | National Grid PLC ADR | 2.4% | +5.3% |
| DEO | Diageo PLC ADR | 2.4% | -1.0% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 3, 2026 | SELL | LGGNY | 4.9% → 4.8% |
| Aug 3, 2026 | SELL | NWG | 5.6% → 5.8% |
| Aug 3, 2026 | SELL | NGG | 2.5% → 2.4% |
| Aug 3, 2026 | SELL | BP | 5.8% → 5.8% |
| Aug 3, 2026 | BUY | BTI | 4.6% → 4.5% |
Investment Style Analysis
NatWest Markets Plc is widely recognized for employing a Fixed Income strategy. As of Sep 22, 2026, the firm oversees approximately $0.8B in assets under management (AUM). The portfolio demonstrates a clear preference for the Oil & Gas Integrated and Banks - Regional sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 3, NatWest Markets Plc made a significant move by reducing the position in LGGNY. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
NatWest Markets follows a multi-specialist approach focused on providing liquidity and risk management solutions in the currencies, rates, and financing sectors. The firm's strategy is centered on deep market expertise and a customer-led model, aiming to help clients navigate volatile markets and access capital efficiently. By prioritizing disciplined capital allocation and digital innovation, NatWest Markets seeks to deliver sustainable value while supporting the core commercial and institutional activities of the NatWest Group. Its philosophy emphasizes building long-term relationships through transparent trade execution and strategic advisory tailored to the unique needs of corporate, sponsor, and sovereign clients.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with NatWest Markets Plc.
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Frequently asked questions
How is the simulated portfolio for NatWest Markets Plc constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is NatWest Markets Plc's largest holding?
As of the latest filing, NatWest Markets Plc's top position is Shell PLC ADR (SHEL), representing 11.0% of the portfolio. This reflects a high-conviction bet by the institution.
What is NatWest Markets Plc's historical performance and risk profile?
Our simulation indicates a total return of +17.8% with a win rate of 55%. Notably, the portfolio maintains a Sharpe Ratio of 4.25, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does NatWest Markets Plc primarily invest in?
NatWest Markets Plc has a strong preference for the Oil & Gas Integrated sector, which makes up 16.8% of their disclosed assets. The portfolio also has exposure to Banks - Regional, indicating a specific thematic focus.
Is NatWest Markets Plc's portfolio concentrated or diversified?
NatWest Markets Plc runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 24.8% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has NatWest Markets Plc performed in 2026?
Our AI-simulated model portfolio for NatWest Markets Plc tracks a Year-to-Date (YTD) return of +7.7%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Jonathan Peberdy manage NatWest Markets Plc directly?
Yes, Jonathan Peberdy serves as the key portfolio manager for NatWest Markets Plc, overseeing the investment strategy and final capital allocation decisions.