Cantillon Capital

Q3 2015 13F · by William von Mueffling, CEO

Picture100.0% US stock

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

+11.2 pp in · −11.2 pp out

Concentrated · behaves like 14 equal-sized positions

Moderate turnover · 40% a year, about 2.5 years per position

GOOG Alphabet Inc. Class C added+7.76 pp added+7.7611.8%
FIS Fidelity National Information Services, Inc. trimmed+1.55 pp trimmed+1.5511.5%
ADI Analog Devices, Inc. trimmed−0.62 pp trimmed−0.629.0%
ECL Ecolab, Inc. trimmed+0.25 pp trimmed+0.257.6%
unresolved Willis Group Holdings Public added−0.03 pp added−0.037.3%


GOOGAlphabet Inc. Class C	11.84%	888,378	$555M	added×2.3	+7.76 pp	6 q
FISFidelity National Information Services, Inc.	11.52%	8,059,662	$541M	trimmed−0%	+1.55 pp	10 q
ADIAnalog Devices, Inc.	9.02%	7,499,873	$423M	trimmed−0%	−0.62 pp	10 q
ECLEcolab, Inc.	7.61%	3,254,797	$357M	trimmed−0%	+0.25 pp	10 q
unresolvedWillis Group Holdings Public	7.27%	8,321,485	$341M	added+7%	−0.03 pp	9 q
HOGHarley-Davidson, Inc.	7.09%	6,063,833	$333M	trimmed−0%	+0.25 pp	10 q
BIDUBaidu, Inc.	6.49%	2,217,127	$305M	trimmed−0%	−2.34 pp	10 q
unresolvedSensata Technologies Hldng NV	5.64%	5,969,502	$265M	added+26%	+0.66 pp	5 q
ICEIntercontinental Exchange Inc.	5.30%	1,059,140	$249M	trimmed−0%	+0.56 pp	4 q
unresolvedSirona Dental Systems Inc	4.54%	2,281,527	$213M	trimmed−5%	−0.28 pp	7 q
GWWW.W. Grainger, Inc.	3.78%	823,928	$177M	trimmed−38%	−2.51 pp	9 q
unresolvedMcGraw Hill	3.54%	1,917,999	$166M	added×2.4	+1.91 pp	3 q
AXPAmerican Express Company	3.34%	2,114,950	$157M	trimmed−0%	+0.05 pp	3 q
CMECME Group Inc.	3.16%	1,600,037	$148M	added+10%	+0.45 pp	4 q
MSMMSC Industrial Direct Co., Inc. Class A	2.94%	2,261,544	$138M	trimmed−0%	−0.21 pp	8 q
CMPRCimpress PLC (Ireland)	2.53%	1,560,203	$119M	added+38%	+0.62 pp	4 q
CACCCredit Acceptance Corp	1.85%	441,598	$87M	trimmed−0%	−0.33 pp	10 q
ABEVAmbev S.a.	1.28%	12,300,578	$60M	trimmed−57%	−2.19 pp	8 q
2663134DBitauto Holdings Ltd-adr	1.26%	1,990,874	$59M	added+38%	−0.21 pp	5 q
unresolvedGoogle Inc.	—	−497,370	—	exited	−5.36 pp	—