What Blue Whale Capital does

Blue Whale Capital LLP is a London-based, FCA-authorised active asset manager founded in 2017 that operates the WS Blue Whale Growth Fund, a concentrated long-only global equity fund holding 25-35 large-cap stocks in developed markets. The firm runs a single flagship strategy focused on identifying high-quality businesses with attractive valuations through proprietary in-house fundamental research conducted by a five-person investment team working a universe of fewer than 100 companies. The fund is structured as a UK UCITS OEIC with multiple share classes (I Class institutional at 0.80% OCF, R Class GBP retail at 1.05% OCF, and R Class EUR retail at 1.54% OCF) and is also offered through an Irish UCITS ICAV for EEA investors.

Revenue is generated entirely through ad valorem management fees on assets under management, billed in arrears across four GBP share classes and one EUR share class. The firm has grown AUM to £2.87bn as of 26 June 2026, delivering +363.8% cumulative net return since launch versus +123.1% for the IA Global sector benchmark. Distribution combines a proprietary zero-platform-fee direct Fund Management Centre channel operated by Waystone Management (UK) with listings on all major UK consumer platforms (Hargreaves Lansdown, Interactive Investor, AJ Bell, Fidelity, Bestinvest, Interactive Brokers, Saxo) and a wide network of adviser platforms (Abrdn, Aviva, Quilter, Aegon, Standard Life, M&G Wealth, and others).

The firm is led by Stephen Yiu (CEO & CIO, Lead Fund Manager) with Peter Hargreaves as Chairman and a cornerstone investor exceeding £200m personally invested in the strategy, and Mohammed Mulla as Co-Manager since 2025. The firm operates as a small non-interconnected MIFIDPRU investment firm (SNI Firm) with 11-50 employees and no parent company, using Northern Trust as depositary and Waystone Management (UK) as Authorised Corporate Director.

Name

Blue Whale Capital

Legal name

Blue Whale Capital LLP

Website

https://bluewhale.co.uk

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Blue Whale Capital LLP is a London-based FCA-authorised active asset manager founded in 2017 that runs the WS Blue Whale Growth Fund, a concentrated 25-35 stock global equity fund with £2.87bn AUM, serving UK and EEA retail and advised investors through direct, platform and adviser distribution.

Ownership category

akta.pro rank

Product category

Active Asset Management / Global Equity Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

UCITS / Liquid Alternatives Fund of Funds (FSAHAKAE)

Keywords

• Active asset management
• Global equity fund
• UCITS fund management
• Concentrated equity portfolio
• Investment management services

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Management Fees: Blue Whale Capital generates revenue through ad valorem management fees based on the value of assets under management. The firm operates as a small and non-interconnected MIFIDPRU investment firm (SNI Firm) with revenue derived from fees invoiced in arrears based on AUM.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Blue Whale Capital LLP is an active asset management firm that manages the WS Blue Whale Growth Fund, a concentrated long-only global equity fund holding 25-35 stocks focused on large-cap companies in developed markets. The fund is structured as a UK UCITS OEIC with multiple share classes and aims to deliver capital growth over any five-year period through valuation-driven, in-house research-based stock selection. A parallel Irish UCITS ICAV vehicle extends the offering to EEA investors.

Product overview

Blue Whale Capital offers a single core product: the WS Blue Whale Growth Fund, a concentrated long-only global equity fund holding 25-35 stocks focused on large-cap companies in developed markets. The fund is structured as a UK UCITS OEIC with multiple share classes (I Class for institutional investors with £10m minimum, R Class for retail investors with £1,000 minimum) available in GBP accumulation/income variants and a EUR retail variant. The fund is distributed through the proprietary Fund Management Centre (no platform fees) and via third-party investment platforms. The firm also provides the WS Blue Whale Investment Funds ICAV as an Irish UCITS alternative for EEA investors. Supplementary educational content includes Blue Whale TV (video commentary) and the Outperformance Matters podcast series.

Differentiator

Problem solved

Functional benefit

Products and services

• WS Blue Whale Growth Fund A concentrated, long-only global equity fund holding 25-35 stocks focused on large-cap companies in developed markets, authorised as a UK UCITS by the Financial Conduct Authority. The fund aims to achieve capital growth over any five-year period after all costs and charges, and is offered in I Class (institutional, £10m minimum, 0.80% OCF) and R Class (retail, £1,000 minimum, 1.05% OCF) share variants in GBP, plus an R Class EUR variant at 1.54% OCF.
• WS Blue Whale Investment Funds ICAV Irish UCITS fund vehicle that provides EEA investors with regulated access to the Blue Whale Growth strategy, functioning as a parallel structure to the UK OEIC fund. Non-UK investors complete application forms available on the Documents page to subscribe.
• Fund Management Centre (Direct Investment Service) Online investment platform operated by Waystone Management (UK) that enables UK resident investors to buy and sell shares in the WS Blue Whale Growth Fund directly with no platform fees or fund dealing charges, supporting both lump-sum investments from £1,000 and monthly direct debits from £100.

Quantifiable outcome

• +363.8% cumulative return since launch (11 September 2017 to 26 June 2026) vs +123.1% for IA Global benchmark
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Waystone Management (UK)coreOthersAuthorised Corporate Director (ACD) of the WS Blue Whale Growth Fund. Operates the Fund Management Centre platform for direct investment with no platform fees.
• Northern Trust Investor ServicescoreOthersDepositary for the WS Blue Whale Growth Fund, acting in a trustee-like role overseeing fund adherence to investment restrictions, service providers, cash monitoring, and safe-keeping of assets.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Lindsell Train Global Equity Fund: Lindsell Train runs a concentrated, long-only global equity strategy with similar quality-compounding philosophy, long holding periods, and UK retail/adviser distribution, making it a direct head-to-head comparable.
• Polar Capital Global Technology Fund: Polar Capital's tech-focused offering overlaps materially with Blue Whale's 53% Technology exposure, serving similar growth-oriented UK and European investors via the same platform channel.
• Stewart Investors Worldwide Sustainability Fund: Concentrated quality-growth global equity strategy with a long-term holding discipline and UK platform/adviser distribution, directly comparable to Blue Whale on process and target investor.
• Fundsmith Equity Fund (Fundsmith LLP): Terry Smith's flagship is the canonical UK concentrated global equity fund with a buy-and-hold, high-quality philosophy; directly comparable to Blue Whale on mandate, distribution, and target UK retail/adviser investor base.
• Baillie Gifford Scottish Mortgage Investment Trust: Scottish Mortgage is a high-conviction, growth-tilted global equity vehicle focused on large and emerging winners, comparable to Blue Whale on geographic remit and growth style; competes for the same investor allocation.
• Rathbone Global Opportunities Fund: UK-domiciled concentrated global equity fund with quality-growth bias, distributed on the same UK platforms and adviser wraps as Blue Whale; serves as a near-direct substitute in model portfolios.
• Veritas Global Focus Fund: Concentrated global equity fund run on a quality-at-attractive-valuation thesis with long holding periods and UK retail/adviser availability, closely mirroring Blue Whale's stated approach.
• AVI Global Trust: Closed-end global equity vehicle run on a high-conviction, quality-compounding thesis; comparable in style to Blue Whale while accessing investors through investment-trust structures.

Broad incumbents

• Jupiter Fund Management: Larger UK-listed asset manager with a broad multi-strategy, multi-asset platform; overlaps with Blue Whale on UK distribution and global equity capabilities but operates as a much wider franchise.

Others

• Waystone Management (UK): Authorised Corporate Director and fund administration partner to Blue Whale via the Fund Management Centre; relevant as the operational backbone of the fund rather than a competitor.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@bluewhaleoutperformancematters
• Xx.com/BlueWhaleCap

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blue Whale Capital