Cantillon Capital

Q1 2020 13F · by William von Mueffling, CEO

As of: Mar 31, 2020
Filed: Apr 30, 2020
US stock: $9.0B · prev $10.8B
Positions: 36 · 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%

Moves37 since the prior filing

+2.5 pp in · −2.5 pp out

New 3 +3.05 pp
Added 2 −0.56 pp
Trimmed 31 −1.54 pp
Exited 1 −0.95 pp

The book

Focused · behaves like 28 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 7.3% a year, about 13.6 years per position

Low
Moderate
High

Top 5 positions27% of US stock

SPGI S&P Global Inc. trimmed+0.43 pp trimmed+0.437.1%
FIS Fidelity National Information Services, Inc. trimmed+0.19 pp trimmed+0.195.5%
AMT American Tower Corporation trimmed+0.56 pp trimmed+0.565.0%
ADI Analog Devices, Inc. trimmed−0.57 pp trimmed−0.574.9%
V VISA Inc. trimmed+0.08 pp trimmed+0.084.6%

Positions36 in this filing · 1 exited


SPGIS&P Global Inc.	7.08%	2,612,457	$640M	trimmed−0%	+0.43 pp	16 q
FISFidelity National Information Services, Inc.	5.45%	4,054,507	$493M	trimmed−0%	+0.19 pp	28 q
AMTAmerican Tower Corporation	5.01%	2,079,661	$453M	trimmed−0%	+0.56 pp	17 q
ADIAnalog Devices, Inc.	4.90%	4,942,329	$443M	trimmed−0%	−0.57 pp	28 q
VVISA Inc.	4.61%	2,590,367	$417M	trimmed−0%	+0.08 pp	18 q
WTWWillis Towers Watson Public Limited Company	4.41%	2,348,557	$399M	trimmed−0%	−0.01 pp	17 q
GOOGLAlphabet Inc. Class A	4.32%	335,886	$390M	trimmed−0%	+0.13 pp	18 q
ICEIntercontinental Exchange Inc.	3.96%	4,430,840	$358M	trimmed−0%	+0.14 pp	22 q
ECLEcolab, Inc.	3.80%	2,206,275	$344M	trimmed−0%	−0.17 pp	28 q
ZTSZoetis Inc.	3.80%	2,923,965	$344M	trimmed−12%	−0.31 pp	18 q
CMECME Group Inc.	3.51%	1,834,409	$317M	trimmed−0%	+0.08 pp	22 q
AAgilent Technologies Inc.	3.26%	4,114,882	$295M	trimmed−0%	−0.01 pp	18 q
BDXBecton, Dickinson and Co.	3.06%	1,203,889	$277M	trimmed−0%	+0.01 pp	14 q
AVGOBroadcom Inc.	3.05%	1,162,976	$276M	trimmed−0%	−0.37 pp	8 q
TMOThermo Fisher Scientific, Inc.	3.04%	970,525	$275M	trimmed−0%	+0.10 pp	7 q
EFXEquifax, Incorporated	3.03%	2,294,746	$274M	trimmed−0%	+0.04 pp	14 q
VRSNVeriSign Inc	2.95%	1,483,779	$267M	trimmed−0%	+0.29 pp	11 q
CBRECbre Group, Inc.	2.81%	6,741,853	$254M	trimmed−0%	−1.04 pp	17 q
unresolvedAon PLC	2.55%	1,398,175	$231M	trimmed−0%	−0.16 pp	14 q
ADSKAutodesk Inc	2.22%	1,287,118	$201M	trimmed−0%	+0.02 pp	2 q
GOOGAlphabet Inc. Class C	2.16%	168,381	$196M	trimmed−0%	+0.06 pp	24 q
FASTFastenal Co	2.13%	6,165,645	$193M	trimmed−0%	+0.01 pp	8 q
SSNCSS&C Technologies Inc	2.00%	4,131,536	$181M	trimmed−0%	−0.36 pp	15 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	2.00%	3,784,974	$181M	trimmed−0%	−0.05 pp	11 q
METAMeta Platforms, Inc. Class A	1.89%	1,025,022	$171M	trimmed−0%	−0.07 pp	9 q
TNETTrinet Group, Inc.	1.68%	4,028,969	$152M	trimmed−0%	−0.45 pp	16 q
BCBrunswick Corporation	1.47%	3,761,637	$133M	added+10%	−0.44 pp	4 q
MCOMoody's Corporation	1.39%	595,104	$126M	trimmed−0%	+0.07 pp	6 q
ENTGEntegris Inc	1.31%	2,643,362	$118M	trimmed−0%	+0.08 pp	3 q
AMATApplied Materials Inc	1.24%	2,439,237	$112M	new	+1.24 pp	new
IBKRInteractive Brokers Group, Inc. Class A	1.19%	2,495,290	$108M	trimmed−0%	+0.11 pp	12 q
MSFTMicrosoft Corp	1.16%	667,460	$105M	new	+1.16 pp	new
AWIArmstrong World Industries, Inc.	1.11%	1,266,752	$101M	trimmed−0%	0.00 pp	8 q
PRIPrimerica, Inc.	0.97%	988,313	$87M	added+10%	−0.12 pp	16 q
CACCCredit Acceptance Corp	0.82%	289,228	$74M	trimmed−0%	−0.37 pp	28 q
GRAW.R. Grace & Co.	0.65%	1,663,100	$59M	new	+0.65 pp	new
STSensata Technologies Holding plc	—	−1,905,823	—	exited	−0.95 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0001279936-20-000006
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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