Blue Whale Growth sees Gucci-owner and Google parent slide into top 10 holdings Manager Stephen Yiu purchased French fashion house Kering in February Gucci-owner Kering and Alphabet have both made their way into top 10 positions in Blue Whale’s £783m Growth fund. The Blue Whale Growth fund, managed by Stephen Yiu (pictured left) traded Italian fashion house Moncler for French rival Kering in February this year on valuations grounds. Moncler, which is known for its luxury ski apparel, had been in the portfolio since Yiu launched the £783.5m fund in September 2017 but had only crept into the top 10 holdings this January.