Cantillon Capital

Q2 2018 13F · by William von Mueffling, CEO

As of: Jun 30, 2018
Filed: Aug 7, 2018
US stock: $9.3B · prev $8.8B
Positions: 34 · prev 32
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%

Moves36 since the prior filing

+9.9 pp in · −9.9 pp out

New 4 +7.39 pp
Added 5 +2.47 pp
Trimmed 25 −5.18 pp
Exited 2 −4.68 pp

The book

Focused · behaves like 27 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 33% a year, about 3.1 years per position

Low
Moderate
High

Top 5 positions26% of US stock

Positions34 in this filing · 2 exited


SPGIS&P Global Inc.	6.72%	3,063,265	$625M	trimmed−3%	−0.12 pp	9 q
ADIAnalog Devices, Inc.	5.72%	5,535,062	$531M	trimmed−3%	−0.17 pp	21 q
FISFidelity National Information Services, Inc.	5.18%	4,539,450	$481M	trimmed−3%	+0.07 pp	21 q
GOOGLAlphabet Inc. Class A	4.57%	375,829	$424M	trimmed−3%	+0.01 pp	11 q
BIDUBaidu, Inc.	4.31%	1,646,627	$400M	trimmed−2%	+0.03 pp	21 q
WTWWillis Towers Watson Public Limited Company	4.27%	2,618,507	$397M	trimmed−3%	−0.39 pp	10 q
VVISA Inc.	4.13%	2,893,552	$383M	trimmed−3%	+0.08 pp	11 q
ICEIntercontinental Exchange Inc.	3.93%	4,963,364	$365M	trimmed−3%	−0.28 pp	15 q
CBRECbre Group, Inc.	3.88%	7,543,472	$360M	added+9%	+0.16 pp	10 q
SERVTerminix Global Holdings Inc	3.76%	5,871,695	$349M	trimmed−3%	+0.26 pp	10 q
ECLEcolab, Inc.	3.73%	2,471,577	$347M	trimmed−3%	−0.23 pp	21 q
ZTSZoetis Inc.	3.69%	4,023,120	$343M	trimmed−3%	−0.23 pp	11 q
AVGOBroadcom Inc.	3.64%	1,393,059	$338M	new	+3.64 pp	new
CMECME Group Inc.	3.62%	2,050,748	$336M	trimmed−3%	−0.26 pp	15 q
AMTAmerican Tower Corporation	3.60%	2,319,452	$334M	trimmed−3%	−0.34 pp	10 q
BDXBecton, Dickinson and Co.	2.87%	1,111,320	$266M	trimmed−3%	+0.06 pp	7 q
TNETTrinet Group, Inc.	2.72%	4,514,891	$253M	added+9%	+0.54 pp	9 q
GOOGAlphabet Inc. Class C	2.61%	217,495	$243M	trimmed−3%	−0.01 pp	17 q
AAgilent Technologies Inc.	2.51%	3,770,779	$233M	trimmed−3%	−0.44 pp	11 q
EFXEquifax, Incorporated	2.50%	1,857,752	$232M	trimmed−3%	−0.06 pp	7 q
STSensata Technologies Holding plc	2.48%	4,832,438	$230M	trimmed−3%	−0.45 pp	2 q
METAMeta Platforms, Inc. Class A	2.40%	1,148,707	$223M	added+58%	+1.08 pp	2 q
unresolvedAon PLC	2.06%	1,397,690	$192M	added+53%	+0.61 pp	7 q
CMPRCimpress PLC (Ireland)	1.99%	1,275,730	$185M	trimmed−3%	−0.32 pp	15 q
VRSNVeriSign Inc	1.75%	1,184,305	$163M	trimmed−3%	+0.11 pp	4 q
IBKRInteractive Brokers Group, Inc. Class A	1.72%	2,473,537	$159M	trimmed−3%	−0.22 pp	5 q
FASTFastenal Co	1.66%	3,201,206	$154M	new	+1.66 pp	new
TSMTaiwan Semiconductor Manufacturing Company Ltd.	1.66%	4,222,961	$154M	trimmed−3%	−0.50 pp	4 q
SSNCSS&C Technologies Inc	1.54%	2,763,546	$143M	trimmed−3%	−0.19 pp	8 q
INTCIntel Corp	1.31%	2,450,142	$122M	new	+1.31 pp	new
CACCCredit Acceptance Corp	1.23%	324,360	$115M	trimmed−3%	−0.03 pp	21 q
PRIPrimerica, Inc.	1.08%	1,006,041	$100M	added+10%	+0.08 pp	9 q
AWIArmstrong World Industries, Inc.	0.78%	1,150,668	$73M	new	+0.78 pp	new
ACTAllergan PLC	0.37%	204,467	$34M	trimmed−80%	−1.56 pp	9 q
unresolvedBroadcom Ltd	—	−1,430,924	—	exited	−3.83 pp	—
2663134DBitauto Holdings Ltd-adr	—	−3,550,000	—	exited	−0.85 pp	—