The FTSE 100 has delivered a return of 19% since the end of May 2025, but a handful of stocks have significantly outpaced that benchmark figure.
Three companies in particular have stood out from the crowd, prompting investors to ask whether there is still opportunity left in these high-performing shares.
Polar Capital Technology Trust seeks to “cut through the hype” often associated with the Tech sector by investing in businesses “playing on structural, secular trends.”
The trust only takes positions in companies fully embracing AI, and around 30% of its £7.3bn portfolio is accounted for by the Magnificent 7.
That concentration helped drive a 102% increase in net asset value per share during the year ended 30 April, compared to a 55% increase in the trust’s chosen benchmark, the Dow Jones Global Technology Index.
The trust spreads risk across 101 different companies through a single shareholding and currently trades at a 7.5% discount to its net asset value.
Antofagasta, a copper miner based in Chile, has benefitted from a 32% rise in the price of copper over the past year, driven by strong demand from electric vehicles and renewable energy infrastructure.
However, copper prices are closely tied to global economic health, meaning any slowdown could badly hit earnings in the sector, while adverse exchange rate movements and political instability pose additional risks.
Market fundamentals currently suggest copper prices are likely to remain at their historically elevated level, and Antofagasta’s large reserves, high margins, and strong balance sheet support the case for investors willing to accept higher risk.
Fresnillo, the Mexican gold and silver miner, has been the FTSE 100’s best performer over the past year, largely due to gold and silver prices soaring 34% and 116% respectively.
Volatile prices, production interruptions, and geopolitical instability remain persistent threats for investors considering the precious metals sector.
The long-term outlook for gold is supported by central banks, which are the biggest buyers as they seek to reduce exposure to the dollar and hedge against expected higher inflation.
Silver demand is being boosted by sectors including data centres and renewable energy, adding further support to the long-term investment case for Fresnillo.
Both gold and silver are currently over a third lower than their 52-week highs, which some analysts view as a potential entry point for investors prepared for volatility driven by erratic commodity prices.