Cantillon Capital

Q1 2017 13F · by William von Mueffling, CEO

As of: Mar 31, 2017
Filed: May 1, 2017
US stock: $7.8B · prev $7.1B
Positions: 30 · prev 29
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%

Moves31 since the prior filing

+6.6 pp in · −6.7 pp out

New 2 +3.49 pp
Added 5 +3.13 pp
Trimmed 23 −2.20 pp
Exited 1 −4.46 pp

The book

Focused · behaves like 24 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 23% a year, about 4.3 years per position

Low
Moderate
High

Top 5 positions29% of US stock

ADI Analog Devices, Inc. trimmed+0.15 pp trimmed+0.157.0%
SPGI S&P Global Inc. trimmed+0.57 pp trimmed+0.576.2%
FIS Fidelity National Information Services, Inc. trimmed−0.98 pp trimmed−0.985.7%
WTW Willis Towers Watson Public Limited Company trimmed−0.16 pp trimmed−0.165.3%
GOOGL Alphabet Inc. Class A trimmed−0.16 pp trimmed−0.164.9%

Positions30 in this filing · 1 exited


ADIAnalog Devices, Inc.	7.02%	6,701,749	$549M	trimmed−1%	+0.15 pp	16 q
SPGIS&P Global Inc.	6.21%	3,713,166	$485M	trimmed−1%	+0.57 pp	4 q
FISFidelity National Information Services, Inc.	5.72%	5,618,865	$447M	trimmed−11%	−0.98 pp	16 q
WTWWillis Towers Watson Public Limited Company	5.29%	3,163,044	$414M	trimmed−1%	−0.16 pp	5 q
GOOGLAlphabet Inc. Class A	4.91%	453,325	$384M	trimmed−1%	−0.16 pp	6 q
ECLEcolab, Inc.	4.78%	2,980,394	$374M	trimmed−1%	−0.15 pp	16 q
ICEIntercontinental Exchange Inc.	4.59%	6,000,821	$359M	trimmed−1%	−0.19 pp	10 q
BIDUBaidu, Inc.	4.38%	1,986,865	$343M	trimmed−1%	−0.23 pp	16 q
AMTAmerican Tower Corporation	4.34%	2,794,752	$340M	trimmed−1%	+0.17 pp	5 q
VVISA Inc.	3.96%	3,484,497	$310M	added+15%	+0.65 pp	6 q
ZTSZoetis Inc.	3.92%	5,744,165	$307M	trimmed−1%	−0.43 pp	6 q
NXPINXP Semiconductors N.V.	3.87%	2,924,981	$303M	trimmed−0%	−0.16 pp	3 q
SERVTerminix Global Holdings Inc	3.78%	7,087,673	$296M	trimmed−1%	+0.01 pp	5 q
CMECME Group Inc.	3.75%	2,469,154	$293M	trimmed−1%	−0.27 pp	10 q
CBRECbre Group, Inc.	3.63%	8,151,090	$284M	trimmed−1%	+0.01 pp	5 q
AAgilent Technologies Inc.	3.53%	5,224,259	$276M	trimmed−1%	+0.17 pp	6 q
unresolvedSensata Technologies Hldng NV	3.25%	5,813,186	$254M	trimmed−1%	+0.06 pp	11 q
ACTAllergan PLC	3.19%	1,044,451	$250M	added+9%	+0.38 pp	4 q
BDXBecton, Dickinson and Co.	3.15%	1,344,427	$247M	added+30%	+0.76 pp	2 q
GOOGAlphabet Inc. Class C	2.80%	263,790	$219M	trimmed−14%	−0.52 pp	12 q
unresolvedBroadcom Ltd	2.42%	864,926	$189M	new	+2.42 pp	new
CMPRCimpress PLC (Ireland)	1.69%	1,532,947	$132M	trimmed−1%	−0.29 pp	10 q
TNETTrinet Group, Inc.	1.66%	4,496,226	$130M	trimmed−1%	+0.03 pp	4 q
unresolvedAon PLC	1.61%	1,063,840	$126M	added×2.1	+0.80 pp	2 q
EFXEquifax, Incorporated	1.38%	789,919	$108M	added+56%	+0.54 pp	2 q
2663134DBitauto Holdings Ltd-adr	1.13%	3,441,235	$88M	trimmed−1%	+0.21 pp	11 q
PRIPrimerica, Inc.	1.11%	1,060,080	$87M	trimmed−1%	+0.08 pp	4 q
SABRSabre Corporation	1.07%	3,953,120	$84M	new	+1.07 pp	new
CACCCredit Acceptance Corp	1.00%	391,787	$78M	trimmed−1%	−0.21 pp	16 q
SSNCSS&C Technologies Inc	0.85%	1,877,160	$66M	trimmed−1%	+0.09 pp	3 q
HOGHarley-Davidson, Inc.	—	−5,457,872	—	exited	−4.46 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 3 unresolved
Accession: 0001352269-17-000011
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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