Cantillon Capital

Q3 2018 13F · by William von Mueffling, CEO

As of: Sep 30, 2018
Filed: Nov 9, 2018
US stock: $8.9B · prev $9.3B
Positions: 34 · prev 34
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%

Moves35 since the prior filing

+3.3 pp in · −3.3 pp out

New 1 +1.47 pp
Added 3 +1.84 pp
Trimmed 30 −2.93 pp
Exited 1 −0.37 pp

The book

Focused · behaves like 28 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 13% a year, about 7.6 years per position

Low
Moderate
High

Top 5 positions26% of US stock

SPGI S&P Global Inc. trimmed−0.39 pp trimmed−0.396.3%
ADI Analog Devices, Inc. trimmed−0.33 pp trimmed−0.335.4%
FIS Fidelity National Information Services, Inc. trimmed+0.04 pp trimmed+0.045.2%
GOOGL Alphabet Inc. Class A trimmed+0.21 pp trimmed+0.214.8%
V VISA Inc. trimmed+0.45 pp trimmed+0.454.6%

Positions34 in this filing · 1 exited


SPGIS&P Global Inc.	6.33%	2,878,413	$562M	trimmed−6%	−0.39 pp	10 q
ADIAnalog Devices, Inc.	5.39%	5,183,969	$479M	trimmed−6%	−0.33 pp	22 q
FISFidelity National Information Services, Inc.	5.22%	4,255,326	$464M	trimmed−6%	+0.04 pp	22 q
GOOGLAlphabet Inc. Class A	4.78%	352,095	$425M	trimmed−6%	+0.21 pp	12 q
VVISA Inc.	4.58%	2,714,270	$407M	trimmed−6%	+0.45 pp	12 q
ECLEcolab, Inc.	4.08%	2,314,322	$363M	trimmed−6%	+0.35 pp	22 q
BIDUBaidu, Inc.	3.95%	1,535,373	$351M	trimmed−7%	−0.36 pp	22 q
ICEIntercontinental Exchange Inc.	3.92%	4,650,277	$348M	trimmed−6%	−0.01 pp	16 q
ZTSZoetis Inc.	3.89%	3,775,991	$346M	trimmed−6%	+0.20 pp	12 q
WTWWillis Towers Watson Public Limited Company	3.89%	2,457,179	$346M	trimmed−6%	−0.38 pp	11 q
CMECME Group Inc.	3.68%	1,922,762	$327M	trimmed−6%	+0.06 pp	16 q
AMTAmerican Tower Corporation	3.55%	2,174,340	$316M	trimmed−6%	−0.05 pp	11 q
EFXEquifax, Incorporated	3.53%	2,405,738	$314M	added+30%	+1.03 pp	8 q
CBRECbre Group, Inc.	3.50%	7,065,039	$312M	trimmed−6%	−0.38 pp	11 q
BDXBecton, Dickinson and Co.	3.06%	1,042,413	$272M	trimmed−6%	+0.19 pp	8 q
AAgilent Technologies Inc.	2.80%	3,533,178	$249M	trimmed−6%	+0.29 pp	12 q
GOOGAlphabet Inc. Class C	2.75%	205,033	$245M	trimmed−6%	+0.14 pp	18 q
TNETTrinet Group, Inc.	2.68%	4,232,618	$238M	trimmed−6%	−0.04 pp	10 q
STSensata Technologies Holding plc	2.53%	4,531,051	$225M	trimmed−6%	+0.05 pp	3 q
AVGOBroadcom Inc.	2.52%	908,028	$224M	trimmed−35%	−1.12 pp	2 q
unresolvedAon PLC	2.27%	1,310,282	$201M	trimmed−6%	+0.21 pp	8 q
INTCIntel Corp	2.21%	4,158,903	$197M	added+70%	+0.90 pp	2 q
METAMeta Platforms, Inc. Class A	1.99%	1,075,697	$177M	trimmed−6%	−0.41 pp	3 q
VRSNVeriSign Inc	1.99%	1,106,114	$177M	trimmed−7%	+0.24 pp	5 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	1.97%	3,962,255	$175M	trimmed−6%	+0.31 pp	5 q
FASTFastenal Co	1.96%	2,998,735	$174M	trimmed−6%	+0.30 pp	2 q
CMPRCimpress PLC (Ireland)	1.83%	1,192,602	$163M	trimmed−7%	−0.16 pp	16 q
SSNCSS&C Technologies Inc	1.66%	2,598,071	$148M	trimmed−6%	+0.12 pp	9 q
IBKRInteractive Brokers Group, Inc. Class A	1.63%	2,615,325	$145M	added+6%	−0.09 pp	6 q
CACCCredit Acceptance Corp	1.50%	303,625	$133M	trimmed−6%	+0.27 pp	22 q
TMOThermo Fisher Scientific, Inc.	1.47%	535,849	$131M	new	+1.47 pp	new
PRIPrimerica, Inc.	1.27%	937,310	$113M	trimmed−7%	+0.19 pp	10 q
AWIArmstrong World Industries, Inc.	0.84%	1,070,589	$75M	trimmed−7%	+0.06 pp	2 q
SERVTerminix Global Holdings Inc	0.78%	1,121,189	$70M	trimmed−81%	−2.98 pp	11 q
ACTAllergan PLC	—	−204,467	—	exited	−0.37 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001279936-18-000013
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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