diff --git a/CHANGELOG.md b/CHANGELOG.md
index a4989f0cd1..01202969ae 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -10,6 +10,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Changed
 
 - Improved the holdings table of the home overview by adding the sorting by name and performance
+- Changed the default sorting of the holdings table to the performance in descending order
 - Improved the usability of the activities page by eliminating the reload on canceling the import activities dialog
 - Improved the accessibility of the _Buy me a coffee_ button on the about page
 - Improved the accessibility of the entity logo component
diff --git a/libs/ui/src/lib/holdings-table/holdings-table.component.html b/libs/ui/src/lib/holdings-table/holdings-table.component.html
index 5d586d8911..efd6f38763 100644
--- a/libs/ui/src/lib/holdings-table/holdings-table.component.html
+++ b/libs/ui/src/lib/holdings-table/holdings-table.component.html
@@ -5,8 +5,8 @@
     matSort
     [class.simple]="mode() === 'simple'"
     [dataSource]="dataSource"
-    [matSortActive]="sortActive()"
-    [matSortDirection]="sortDirection()"
+    [matSortActive]="sortActive"
+    [matSortDirection]="sortDirection"
   >
     <ng-container matColumnDef="icon" [sticky]="mode() === 'default'">
       <th *matHeaderCellDef class="px-1" mat-header-cell></th>
diff --git a/libs/ui/src/lib/holdings-table/holdings-table.component.ts b/libs/ui/src/lib/holdings-table/holdings-table.component.ts
index 3181cc1347..70ce2cb1e9 100644
--- a/libs/ui/src/lib/holdings-table/holdings-table.component.ts
+++ b/libs/ui/src/lib/holdings-table/holdings-table.component.ts
@@ -101,15 +101,8 @@ export class GfHoldingsTableComponent {
     return !this.holdings();
   });
 
-  protected readonly sortActive = computed(() => {
-    return this.mode() === 'default'
-      ? 'allocationInPercentage'
-      : 'assetProfile.name';
-  });
-
-  protected readonly sortDirection = computed<SortDirection>(() => {
-    return this.mode() === 'default' ? 'desc' : 'asc';
-  });
+  protected readonly sortActive = 'netPerformancePercentWithCurrencyEffect';
+  protected readonly sortDirection: SortDirection = 'desc';
 
   public constructor() {
     this.dataSource.sortingDataAccessor = (holding, path) => {