Egerton Capital

Q1 2019 13F · by John Armitage, CIO

As of: Mar 31, 2019
Filed: Aug 3, 2022
US stock: $14.2B · prev $12.0B
Positions: 26 · prev 26
Options notional: $0
Documents: 1· 1 amendment

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%

Moves30 since the prior filing

+27.2 pp in · −27.2 pp out

New 4 +12.37 pp
Added 19 +14.79 pp
Trimmed 3 −5.51 pp
Exited 4 −21.66 pp

The book

Concentrated · behaves like 19 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 92% a year, about 1.1 years per position

Low
Moderate
High

Top 5 positions38% of US stock

UNP Union Pacific Corp. added+0.61 pp added+0.619.1%
MSFT Microsoft Corp added+0.73 pp added+0.738.2%
AXP American Express Company added+0.95 pp added+0.957.2%
CHTR Charter Comm Inc Del CL A New added+1.42 pp added+1.427.0%
CSX CSX Corporation added+0.29 pp added+0.296.4%

Revealed late, restated

restated 0 rows corrected by the filer · US stock 0.00%; later quarters recomputed 13F-HR/A · Aug 3, 2022 ↗

Positions26 in this filing · 4 exited


UNPUnion Pacific Corp.	9.13%	7,729,579	$1.3B	added+4%	+0.61 pp	5 q
MSFTMicrosoft Corp	8.19%	9,828,234	$1.2B	added+11%	+0.73 pp	15 q
AXPAmerican Express Company	7.23%	9,368,737	$1.0B	added+18%	+0.95 pp	2 q
CHTRCharter Comm Inc Del CL A New	6.98%	2,846,860	$988M	added+21%	+1.42 pp	3 q
CSXCSX Corporation	6.42%	12,140,980	$908M	added+2%	+0.29 pp	4 q
GOOGAlphabet Inc. Class C	5.26%	634,308	$744M	added+4%	−0.01 pp	6 q
ADBEAdobe Inc.	5.01%	2,659,090	$709M	added+25%	+0.99 pp	9 q
SPGIS&P Global Inc.	4.97%	3,339,926	$703M	added+11%	+0.71 pp	12 q
unresolvedCanadian Pac Ry Ltd	4.94%	3,395,773	$700M	added+8%	+0.30 pp	11 q
MAMastercard Incorporated	4.07%	2,445,906	$576M	added+15%	+0.73 pp	20 q
FISVFiserv, Inc.	4.01%	6,435,439	$568M	new	+4.01 pp	new
FOXAFox Corporation Class A	3.59%	13,861,101	$509M	new	+3.59 pp	new
VMCVulcan Materials Company(Holding Company)	3.54%	4,236,189	$502M	added+45%	+1.14 pp	2 q
BABAAlibaba Group Holding Limited	3.48%	2,700,745	$493M	added+16%	+0.82 pp	7 q
MLMMartin Marietta Materials	3.13%	2,204,702	$444M	added+41%	+0.89 pp	2 q
TSTenaris S. A.	2.56%	12,811,214	$362M	added+70%	+1.22 pp	4 q
BABoeing Company	2.46%	911,396	$348M	new	+2.46 pp	new
ADSKAutodesk Inc	2.45%	2,228,779	$347M	added+30%	+0.62 pp	2 q
TIFTiffany & Co.	2.31%	3,100,420	$327M	new	+2.31 pp	new
WYNNWynn Resorts Ltd	1.94%	2,303,387	$275M	added×3.0	+1.31 pp	5 q
SNPSSynopsys Inc	1.79%	2,199,485	$253M	added×2.4	+1.15 pp	3 q
KKRKKR & Co. Inc.	1.49%	8,999,602	$211M	added+3%	+0.06 pp	3 q
ELVElevance Health, Inc.	1.41%	694,185	$199M	added×2.8	+0.86 pp	2 q
TRUTransUnion	1.37%	2,905,092	$194M	trimmed−37%	−0.80 pp	8 q
GDDYGoDaddy Inc	1.22%	2,288,437	$172M	trimmed−34%	−0.66 pp	6 q
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	1.06%	606,869	$150M	trimmed−75%	−4.05 pp	6 q
unresolvedTwenty First Centy Fox Inc	—	−40,092,987	—	exited	−16.06 pp	—
99952EURLinde PLC/OLD	—	−3,006,048	—	exited	−3.90 pp	—
NTRNutrien Ltd.	—	−3,472,993	—	exited	−1.36 pp	—
BXMTBlackstone Mortgage Trust, Inc. (NEW)	—	−1,280,459	—	exited	−0.34 pp	—

Source

Form: 13F-HR/A
Reading: 0 defects · 1 unresolved
Accession: 0000919574-22-004515
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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