Cantillon Capital

Q3 2014 13F · by William von Mueffling, CEO

As of: Sep 30, 2014
Filed: Nov 12, 2014
US stock: $4.4B · prev $4.3B
Positions: 21 · prev 20
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves23 since the prior filing

+4.6 pp in · −4.6 pp out

New 3 +4.54 pp
Added 2 +0.09 pp
Trimmed 16 −4.41 pp
Exited 2 −0.17 pp

The book

Concentrated · behaves like 15 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 4.1% a year, about 24.4 years per position

Low
Moderate
High

Top 5 positions44% of US stock

BIDU Baidu, Inc. trimmed+1.24 pp trimmed+1.2411.3%
FIS Fidelity National Information Services, Inc. trimmed−0.05 pp trimmed−0.0510.6%
HOG Harley-Davidson, Inc. trimmed−1.99 pp trimmed−1.998.2%
ADI Analog Devices, Inc. trimmed−0.97 pp trimmed−0.977.3%
unresolved Willis Group Holdings Public added+0.19 pp added+0.196.9%

Positions21 in this filing · 2 exited


BIDUBaidu, Inc.	11.27%	2,285,366	$499M	trimmed−1%	+1.24 pp	6 q
FISFidelity National Information Services, Inc.	10.57%	8,305,812	$468M	trimmed−1%	−0.05 pp	6 q
HOGHarley-Davidson, Inc.	8.22%	6,248,913	$364M	trimmed−1%	−1.99 pp	6 q
ADIAnalog Devices, Inc.	7.33%	6,556,573	$324M	trimmed−1%	−0.97 pp	6 q
unresolvedWillis Group Holdings Public	6.91%	7,391,170	$306M	added+10%	+0.19 pp	5 q
unresolvedGoogle Inc.	6.81%	512,006	$301M	trimmed−1%	−0.19 pp	6 q
ECLEcolab, Inc.	6.52%	2,513,945	$289M	trimmed−1%	−0.04 pp	6 q
GWWW.W. Grainger, Inc.	5.73%	1,007,404	$254M	trimmed−1%	−0.27 pp	5 q
GOOGAlphabet Inc. Class C	5.25%	402,346	$232M	trimmed−1%	−0.17 pp	2 q
unresolvedAltera Corp	4.51%	5,574,043	$199M	trimmed−1%	−0.02 pp	6 q
ABEVAmbev S.a.	4.33%	29,244,178	$192M	trimmed−1%	−0.49 pp	4 q
unresolvedSirona Dental Systems Inc	4.28%	2,471,600	$190M	trimmed−1%	−0.48 pp	3 q
unresolvedSolera Holdings	4.17%	3,270,825	$184M	added+19%	−0.10 pp	6 q
KOCoca-Cola Company	3.11%	3,228,808	$138M	trimmed−1%	−0.09 pp	6 q
unresolvedSensata Technologies Hldng NV	2.74%	2,720,900	$121M	new	+2.74 pp	new
MSMMSC Industrial Direct Co., Inc. Class A	1.85%	956,164	$82M	trimmed−1%	−0.30 pp	4 q
BCOThe Brink's Company	1.68%	3,086,709	$74M	trimmed−1%	−0.36 pp	6 q
HRBH&R Block, Inc.	1.65%	2,360,709	$73M	trimmed−1%	−0.21 pp	2 q
2663134DBitauto Holdings Ltd-adr	1.63%	924,169	$72M	new	+1.63 pp	new
CACCCredit Acceptance Corp	1.29%	453,820	$57M	trimmed−1%	−0.02 pp	6 q
unresolvedVistaprint N V	0.17%	133,507	$7M	new	+0.17 pp	new
CLColgate-Palmolive Company	—	−96,258	—	exited	−0.15 pp	—
unresolvedPriceline Grp Inc	—	−850	—	exited	−0.02 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 7 unresolved
Accession: 0001279936-14-000013
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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