Cantillon Capital

Q1 2024 13F · by William von Mueffling, CEO

As of: Mar 31, 2024
Filed: May 8, 2024
US stock: $15.9B · prev $15.0B
Positions: 37 · prev 37
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%

Moves39 since the prior filing

+3.7 pp in · −3.7 pp out

New 2 +2.04 pp
Added 4 +1.68 pp
Trimmed 31 −0.74 pp
Exited 2 −2.96 pp

The book

Focused · behaves like 30 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 15% a year, about 6.6 years per position

Low
Moderate
High

Top 5 positions25% of US stock

Positions37 in this filing · 2 exited


AVGOBroadcom Inc.	6.77%	811,687	$1.1B	trimmed−12%	−0.14 pp	24 q
SPGIS&P Global Inc.	5.54%	2,071,532	$881M	trimmed−2%	−0.68 pp	32 q
GOOGLAlphabet Inc. Class A	4.59%	4,830,894	$729M	added+13%	+0.61 pp	34 q
AMATApplied Materials Inc	4.42%	3,407,350	$703M	trimmed−2%	+0.66 pp	17 q
VVISA Inc.	3.92%	2,234,146	$624M	trimmed−2%	−0.04 pp	34 q
ADIAnalog Devices, Inc.	3.91%	3,146,063	$622M	trimmed−2%	−0.35 pp	44 q
MSFTMicrosoft Corp	3.83%	1,446,272	$608M	trimmed−2%	+0.12 pp	17 q
EFXEquifax, Incorporated	3.32%	1,975,502	$528M	trimmed−2%	−0.01 pp	30 q
ICEIntercontinental Exchange Inc.	3.31%	3,825,146	$526M	trimmed−2%	−0.04 pp	38 q
AAgilent Technologies Inc.	3.27%	3,570,458	$520M	trimmed−2%	−0.11 pp	34 q
TMOThermo Fisher Scientific, Inc.	3.16%	864,714	$503M	trimmed−2%	+0.03 pp	23 q
CBRECbre Group, Inc.	3.13%	5,112,855	$497M	trimmed−2%	−0.11 pp	33 q
IQVIQVIA Holdings Inc.	2.81%	1,767,340	$447M	trimmed−2%	+0.02 pp	13 q
TSMTaiwan Semiconductor Manufacturing Company Ltd.	2.77%	3,242,314	$441M	trimmed−2%	+0.47 pp	27 q
ADSKAutodesk Inc	2.73%	1,668,662	$435M	trimmed−2%	−0.04 pp	18 q
AMTAmerican Tower Corporation	2.61%	2,096,370	$414M	trimmed−2%	−0.47 pp	33 q
FASTFastenal Co	2.58%	5,309,326	$410M	trimmed−2%	+0.24 pp	24 q
IBKRInteractive Brokers Group, Inc. Class A	2.57%	3,655,704	$408M	trimmed−2%	+0.50 pp	28 q
FERGFerguson Enterprises Inc.	2.52%	1,835,603	$401M	trimmed−2%	+0.10 pp	5 q
BLQADBlackrock Inc	2.51%	478,917	$399M	trimmed−2%	−0.14 pp	10 q
AONAon plc Class A	2.51%	1,196,190	$399M	trimmed−2%	+0.14 pp	16 q
CMECME Group Inc.	2.44%	1,802,591	$388M	trimmed−2%	−0.15 pp	38 q
TNETTrinet Group, Inc.	2.44%	2,930,026	$388M	trimmed−12%	−0.22 pp	32 q
CDWCDW Corporation	2.23%	1,387,311	$355M	trimmed−2%	+0.08 pp	6 q
ENTGEntegris Inc	2.22%	2,515,891	$354M	trimmed−2%	+0.17 pp	19 q
LYVLive Nation Entertainment Inc.	2.13%	3,205,694	$339M	added+17%	+0.41 pp	4 q
VRSNVeriSign Inc	2.04%	1,715,147	$325M	trimmed−2%	−0.37 pp	27 q
CPCanadian Pacific Kansas City Limited	1.98%	3,567,692	$315M	added+49%	+0.72 pp	3 q
SSNCSS&C Technologies Inc	1.98%	4,880,263	$314M	trimmed−2%	−0.05 pp	31 q
ECLEcolab, Inc.	1.82%	1,250,920	$289M	trimmed−2%	+0.13 pp	44 q
ZTSZoetis Inc.	1.48%	1,392,262	$236M	trimmed−2%	−0.39 pp	34 q
ADBEAdobe Inc.	1.46%	459,715	$232M	added+20%	−0.06 pp	8 q
MCOMoody's Corporation	1.26%	510,406	$201M	trimmed−2%	−0.10 pp	22 q
YUMYum! Brands, Inc.	1.26%	1,447,300	$201M	new	+1.26 pp	new
CACCCredit Acceptance Corp	0.85%	245,931	$136M	trimmed−2%	−0.04 pp	44 q
TWTradeweb Markets Inc. Class A	0.85%	1,291,079	$134M	trimmed−2%	+0.05 pp	4 q
ORCLOracle Corp	0.78%	987,952	$124M	new	+0.78 pp	new
BCBrunswick Corporation	—	−2,395,715	—	exited	−1.55 pp	—
BDXBecton, Dickinson and Co.	—	−867,764	—	exited	−1.41 pp	—