Cantillon Capital

Q1 2018 13F · by William von Mueffling, CEO

As of: Mar 31, 2018
Filed: May 8, 2018
US stock: $8.8B · prev $8.4B
Positions: 32 · prev 31
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%

Moves33 since the prior filing

+6.9 pp in · −7.0 pp out

New 2 +4.25 pp
Added 5 +2.68 pp
Trimmed 25 −3.91 pp
Exited 1 −3.08 pp

The book

Focused · behaves like 26 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 24% a year, about 4.1 years per position

Low
Moderate
High

Top 5 positions27% of US stock

Positions32 in this filing · 1 exited


SPGIS&P Global Inc.	6.84%	3,150,060	$602M	trimmed−2%	+0.36 pp	8 q
ADIAnalog Devices, Inc.	5.89%	5,690,260	$519M	trimmed−2%	−0.24 pp	20 q
FISFidelity National Information Services, Inc.	5.11%	4,670,317	$450M	trimmed−2%	−0.20 pp	20 q
WTWWillis Towers Watson Public Limited Company	4.66%	2,691,220	$410M	trimmed−2%	−0.25 pp	9 q
GOOGLAlphabet Inc. Class A	4.56%	386,580	$401M	trimmed−2%	−0.36 pp	10 q
BIDUBaidu, Inc.	4.28%	1,686,034	$376M	trimmed−2%	−0.49 pp	20 q
ICEIntercontinental Exchange Inc.	4.21%	5,105,459	$370M	trimmed−2%	−0.15 pp	14 q
VVISA Inc.	4.05%	2,975,221	$356M	trimmed−2%	−0.05 pp	10 q
ECLEcolab, Inc.	3.96%	2,544,157	$349M	trimmed−2%	−0.16 pp	20 q
AMTAmerican Tower Corporation	3.94%	2,384,428	$347M	trimmed−2%	−0.17 pp	9 q
ZTSZoetis Inc.	3.92%	4,134,677	$345M	trimmed−17%	−0.35 pp	10 q
CMECME Group Inc.	3.88%	2,108,730	$341M	trimmed−2%	+0.16 pp	14 q
unresolvedBroadcom Ltd	3.83%	1,430,924	$337M	added+20%	+0.20 pp	5 q
CBRECbre Group, Inc.	3.72%	6,923,433	$327M	trimmed−2%	+0.09 pp	9 q
SERVTerminix Global Holdings Inc	3.50%	6,047,047	$307M	trimmed−2%	−0.25 pp	9 q
AAgilent Technologies Inc.	2.95%	3,874,935	$259M	trimmed−15%	−0.66 pp	10 q
STSensata Technologies Holding plc	2.93%	4,968,450	$258M	new	+2.93 pp	new
BDXBecton, Dickinson and Co.	2.81%	1,142,180	$248M	trimmed−2%	−0.15 pp	6 q
GOOGAlphabet Inc. Class C	2.62%	223,695	$231M	trimmed−2%	−0.22 pp	16 q
EFXEquifax, Incorporated	2.56%	1,912,156	$225M	trimmed−2%	−0.17 pp	6 q
CMPRCimpress PLC (Ireland)	2.31%	1,313,609	$203M	trimmed−2%	+0.41 pp	14 q
TNETTrinet Group, Inc.	2.18%	4,140,605	$192M	added+6%	+0.12 pp	8 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	2.16%	4,351,374	$190M	added+64%	+0.91 pp	3 q
IBKRInteractive Brokers Group, Inc. Class A	1.94%	2,541,244	$171M	added+25%	+0.51 pp	4 q
ACTAllergan PLC	1.93%	1,010,756	$170M	trimmed−2%	−0.07 pp	8 q
SSNCSS&C Technologies Inc	1.73%	2,834,465	$152M	added+73%	+0.94 pp	7 q
VRSNVeriSign Inc	1.64%	1,220,192	$145M	trimmed−2%	−0.05 pp	3 q
unresolvedAon PLC	1.45%	912,129	$128M	trimmed−2%	−0.03 pp	6 q
METAMeta Platforms, Inc. Class A	1.32%	724,909	$116M	new	+1.32 pp	new
CACCCredit Acceptance Corp	1.26%	334,823	$111M	trimmed−2%	−0.05 pp	20 q
PRIPrimerica, Inc.	1.00%	911,746	$88M	trimmed−2%	−0.12 pp	8 q
2663134DBitauto Holdings Ltd-adr	0.85%	3,550,000	$75M	trimmed−16%	−0.74 pp	15 q
unresolvedSensata Technologies Hldng NV	—	−5,080,843	—	exited	−3.08 pp	—