10 hottest ISA shares, funds and trusts: week ended 6 February 2026

Cryptoassets are very high risk and you should be prepared to lose all your money before you invest

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We look at the investments ii customers have been buying within their ISAs during the previous week. The data includes only real-time trades, not regular investing instructions, and combines the use of both existing funds and new money.

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Top 10 shares in ISAs

First place stocks aren’t hanging on to the top spot for long these days, and they’re falling sharply too as interest quickly switches between sectors.

Aviva (LSE:AV.) dropped to ninth in thislist ofmost-bought stocks in ISAs on the ii platform after a two-week stay in first place. It was replaced by Lloyds Banking Group (LSE:LLOY), which jumps five positions to number one for the first time since October.

Having set a record for a post-financial crisis peak above 114p, Lloyds Bank’s share price fell sharply last week following the latest Bank of England interest rate decision. Borrowing costs were held at 3.75%, but a tight 5-4 vote indicates further cuts are likely. It puts pressure on lenders to get the balance right between loan rates and savings rates to protect net interest margin.

Investors have also been quick to pick up cheap blue-chips such as RELX (LSE:REL) and London Stock Exchange Group (LSE:LSEG), both falling sharply amid concerns about AI’s impact on business. There was panic on markets worldwide when Anthropic launched new AI functionality into the legal space. It ignited fears that AI-native companies will disrupt industries in which both these UK firms compete.

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Under-pressure WPP (LSE:WPP) was also on investor buy lists for the same reason. Investors will hear more from the media giant when it announces annual results and a strategy update on 26 February. But already, the Financial Times is reporting that WPP will announce plans to simplify the business by bringing its three main creative advertising agencies under one banner.

There’s a heavyweight American contingent in this top 10. Last week’s newbie Microsoft is joined by Amazon.com Inc (NASDAQ:AMZN) and Strategy Inc Class A (NASDAQ:MSTR) after the online retailer and bitcoin owner took a dive.

Amazon slumped to an eight-month low following mixed fourth-quarter results and news it will spend about $200 billion (£147 billion) this year on “seminal opportunities like AI, chips, robotics, [and] low earth orbit satellites”. Big spending in the tech sector has been a major concern for investors unsure when companies will see a return on their investment.

Strategy was hammered by further declines in the price of bitcoin to around $60,000, levels not seen since autumn 2024. The scale of decline has raised concerns about its balance sheet and the possible forced sale of bitcoin holdings. The company, which owns more of the cryptocurrency than any other corporate entity, watched its share price reverse to little more than $100 compared with over $450 last July. 

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In fourth-quarter results published after the close on Thursday night, Strategy said that on 1 February it owned 713,502 bitcoin at a total cost of $54.26 billion, or $76,052 per bitcoin. But heavy buying on the ii platform over Thursday and Friday was rewarded by a 26% rally at the end of the week to $135, as bitcoin recovered to $70,000. Strategy CEO Phong Le claims the balance sheet is secure unless bitcoin falls to $8,000 for a prolonged period.

Fresnillo (LSE:FRES), Greatland Resources Ltd (LSE:GGP), Hochschild Mining (LSE:HOC) and Rolls-Royce Holdings (LSE:RR.) lose their place in this week’s top 10.

Top 10 funds and trusts in ISAs

Investors have piled into HgCapital Trust Ord (LSE:HGT) in the last week, taking advantage of a wide share price discount that emerged in the teeth of the software sell-off.

Shares in the private equity trust, which specialises in software as a service (Saas) companies, plummeted last week amid concerns that Anthropic’s new AI agent could disintermediate such businesses. That dealt a blow to software shares across different markets.

However, HGT has sought to calm investor nerves, publishing a note arguing that it would ensure its holdings had an “AI-first” approach, hastily releasing its trading update and launching a share buyback programme last week. The discount on the shares comes to around 22.5%, significantly wider than past levels.

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With gold and silver experiencing a major pullback a week ago, the precious metals trade has washed out of our bestseller list to an extent. Jupiter Gold & Silver I GBP Acc falls out of the top 10 list, tumbling from third place to 13th, while BlackRock World Mining Trust Ord (LSE:BRWM) clings on but drops to ninth place.

In the absence of this we see the reappearance of the slow and steady UK income trust, City of London Ord (LSE:CTY), which is known for its lengthy record of dividend increases but offers a 3.8% yield, modest versus that of some rivals.

Investors are otherwise sticking with some of their old favourites.

Artemis Global Income I Acc, which claimed the top spot in our list in the first full week of January and which we recently profiled, remains in place.

2026 has already seen fresh turbulence for both the US dollar and US equities in general, and this value-minded, US-light fund has duly made a 10% return in the first five weeks of the year.

The US-light tracker Vanguard LifeStrategy 80% Equity A Acc sits in fifth place, although investors are still taking plenty of exposure to the world’s largest market via the Vanguard FTSE Global All Cp Idx £ Acc and the HSBC FTSE All-World Index C Acc funds.

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If good returns can be made from ‘risk’ assets, then plenty of investors still prefer a lower but more predictable return, via the Royal London Short Term Money Mkt Y Acc fund in second place.

In a totally different sector, a battered contrarian favourite Greencoat UK Wind (LSE:UKW) remains in the list. With renewable energy trusts offering high yields but facing down plenty of challenges, we looked at the prospects for Greencoat UK Wind and its peers last week

Funds and trusts section written by Dave Baxter, senior fund content specialist at ii.