Cantillon Capital

Q3 2019 13F · by William von Mueffling, CEO

As of: Sep 30, 2019
Filed: Nov 4, 2019
US stock: $10.3B · prev $9.9B
Positions: 33 · 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%

Moves33 since the prior filing

+1.8 pp in · −1.8 pp out

New 1 +0.98 pp
Added 2 +0.80 pp
Trimmed 30 −1.79 pp
Exited 0 0.00 pp

The book

Focused · behaves like 27 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 2.4% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions27% of US stock

SPGI S&P Global Inc. trimmed+0.18 pp trimmed+0.186.7%
ADI Analog Devices, Inc. trimmed−0.31 pp trimmed−0.315.5%
FIS Fidelity National Information Services, Inc. trimmed+0.18 pp trimmed+0.185.4%
AMT American Tower Corporation trimmed+0.15 pp trimmed+0.154.6%
WTW Willis Towers Watson Public Limited Company trimmed−0.16 pp trimmed−0.164.5%

Positions33 in this filing · 0 exited


SPGIS&P Global Inc.	6.69%	2,810,567	$689M	trimmed−1%	+0.18 pp	14 q
ADIAnalog Devices, Inc.	5.50%	5,059,946	$565M	trimmed−1%	−0.31 pp	26 q
FISFidelity National Information Services, Inc.	5.36%	4,154,006	$551M	trimmed−1%	+0.18 pp	26 q
AMTAmerican Tower Corporation	4.57%	2,125,626	$470M	trimmed−1%	+0.15 pp	15 q
WTWWillis Towers Watson Public Limited Company	4.51%	2,401,869	$463M	trimmed−1%	−0.16 pp	15 q
ZTSZoetis Inc.	4.46%	3,686,472	$459M	trimmed−1%	+0.21 pp	16 q
VVISA Inc.	4.43%	2,649,239	$456M	trimmed−1%	−0.24 pp	16 q
ECLEcolab, Inc.	4.35%	2,258,359	$447M	trimmed−1%	−0.19 pp	26 q
GOOGLAlphabet Inc. Class A	4.08%	343,771	$420M	trimmed−1%	+0.29 pp	16 q
ICEIntercontinental Exchange Inc.	4.08%	4,543,897	$419M	trimmed−1%	+0.11 pp	20 q
CMECME Group Inc.	3.86%	1,878,995	$397M	trimmed−0%	+0.16 pp	20 q
CBRECbre Group, Inc.	3.56%	6,909,083	$366M	trimmed−0%	−0.04 pp	15 q
EFXEquifax, Incorporated	3.21%	2,349,091	$330M	trimmed−1%	−0.02 pp	12 q
AVGOBroadcom Inc.	3.19%	1,190,051	$329M	trimmed−1%	−0.29 pp	6 q
AAgilent Technologies Inc.	3.14%	4,216,472	$323M	added+7%	+0.16 pp	16 q
BDXBecton, Dickinson and Co.	3.03%	1,230,670	$311M	trimmed−1%	−0.12 pp	12 q
TMOThermo Fisher Scientific, Inc.	2.81%	992,864	$289M	trimmed−1%	−0.16 pp	5 q
VRSNVeriSign Inc	2.78%	1,517,615	$286M	trimmed−0%	−0.44 pp	9 q
unresolvedAon PLC	2.69%	1,429,051	$277M	trimmed−1%	−0.11 pp	12 q
TNETTrinet Group, Inc.	2.50%	4,128,870	$257M	trimmed−1%	−0.36 pp	14 q
GOOGAlphabet Inc. Class C	2.37%	199,835	$244M	trimmed−1%	+0.17 pp	22 q
STSensata Technologies Holding plc	2.15%	4,426,862	$222M	trimmed−0%	−0.05 pp	7 q
SSNCSS&C Technologies Inc	2.12%	4,237,401	$219M	trimmed−1%	−0.36 pp	13 q
FASTFastenal Co	2.00%	6,308,021	$206M	trimmed−0%	−0.09 pp	6 q
METAMeta Platforms, Inc. Class A	1.81%	1,048,079	$187M	trimmed−1%	−0.25 pp	7 q
BCBrunswick Corporation	1.77%	3,492,394	$182M	added+43%	+0.64 pp	2 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	1.75%	3,870,375	$180M	trimmed−1%	+0.20 pp	9 q
IBKRInteractive Brokers Group, Inc. Class A	1.34%	2,555,209	$137M	trimmed−1%	−0.07 pp	10 q
CACCCredit Acceptance Corp	1.33%	296,877	$137M	trimmed−1%	−0.13 pp	26 q
AWIArmstrong World Industries, Inc.	1.22%	1,303,076	$126M	trimmed−0%	−0.06 pp	6 q
MCOMoody's Corporation	1.21%	608,960	$125M	trimmed−1%	0.00 pp	4 q
PRIPrimerica, Inc.	1.13%	916,933	$117M	trimmed−1%	+0.01 pp	14 q
ENTGEntegris Inc	0.98%	2,140,678	$101M	new	+0.98 pp	new

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001279936-19-000011
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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