Egerton Capital

Q2 2019 13F · by John Armitage, CIO

As of: Jun 30, 2019
Filed: Aug 3, 2022
US stock: $13.7B · prev $14.2B
Positions: 31 · 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%

Moves34 since the prior filing

+19.9 pp in · −19.9 pp out

New 8 +11.13 pp
Added 7 +8.77 pp
Trimmed 16 −14.64 pp
Exited 3 −5.24 pp

The book

Focused · behaves like 21 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 71% a year, about 1.4 years per position

Low
Moderate
High

Top 5 positions36% of US stock

CHTR Charter Comm Inc Del CL A New added+1.38 pp added+1.388.4%
UNP Union Pacific Corp. trimmed−1.69 pp trimmed−1.697.4%
AXP American Express Company trimmed+0.05 pp trimmed+0.057.3%
unresolved Canadian Pac Ry Ltd added+1.73 pp added+1.736.7%
MSFT Microsoft Corp trimmed−1.98 pp trimmed−1.986.2%

Revealed late, restated

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

Positions31 in this filing · 3 exited


CHTRCharter Comm Inc Del CL A New	8.36%	2,889,662	$1.1B	added+2%	+1.38 pp	4 q
UNPUnion Pacific Corp.	7.44%	6,007,518	$1.0B	trimmed−22%	−1.69 pp	6 q
AXPAmerican Express Company	7.28%	8,061,016	$995M	trimmed−14%	+0.05 pp	3 q
unresolvedCanadian Pac Ry Ltd	6.67%	3,876,127	$912M	added+14%	+1.73 pp	12 q
MSFTMicrosoft Corp	6.21%	6,331,825	$848M	trimmed−36%	−1.98 pp	16 q
BABAAlibaba Group Holding Limited	6.00%	4,834,902	$819M	added+79%	+2.52 pp	8 q
SPGIS&P Global Inc.	5.39%	3,231,679	$736M	trimmed−3%	+0.42 pp	13 q
ADBEAdobe Inc.	4.49%	2,080,395	$613M	trimmed−22%	−0.52 pp	10 q
VMCVulcan Materials Company(Holding Company)	4.07%	4,048,369	$556M	trimmed−4%	+0.53 pp	3 q
CSXCSX Corporation	3.76%	6,635,458	$513M	trimmed−45%	−2.66 pp	5 q
MLMMartin Marietta Materials	3.61%	2,145,765	$494M	trimmed−3%	+0.48 pp	3 q
TIFTiffany & Co.	3.26%	4,752,571	$445M	added+53%	+0.95 pp	2 q
ADSKAutodesk Inc	3.23%	2,712,880	$442M	added+22%	+0.78 pp	3 q
WYNNWynn Resorts Ltd	3.17%	3,487,638	$432M	added+51%	+1.23 pp	6 q
MAMastercard Incorporated	3.05%	1,576,455	$417M	trimmed−36%	−1.02 pp	21 q
DHID.R. Horton Inc.	2.84%	8,983,987	$387M	new	+2.84 pp	new
TSTenaris S. A.	2.74%	14,212,420	$374M	added+11%	+0.18 pp	5 q
FISVFiserv, Inc.	2.65%	3,966,162	$362M	trimmed−38%	−1.36 pp	2 q
METAMeta Platforms, Inc. Class A	2.44%	1,724,628	$333M	new	+2.44 pp	new
GOOGAlphabet Inc. Class C	1.96%	247,172	$267M	trimmed−61%	−3.30 pp	7 q
IQVIQVIA Holdings Inc.	1.64%	1,392,750	$224M	new	+1.64 pp	new
KKRKKR & Co. Inc.	1.63%	8,797,132	$222M	trimmed−2%	+0.14 pp	4 q
FOXAFox Corporation Class A	1.52%	5,672,391	$208M	trimmed−59%	−2.07 pp	2 q
TDGTransDigm Group Incorporated	1.41%	398,563	$193M	new	+1.41 pp	new
GDDYGoDaddy Inc	1.15%	2,235,978	$157M	trimmed−2%	−0.07 pp	7 q
SNPSSynopsys Inc	0.91%	965,031	$124M	trimmed−56%	−0.88 pp	4 q
EFXEquifax, Incorporated	0.76%	764,524	$103M	new	+0.76 pp	new
TMOThermo Fisher Scientific, Inc.	0.73%	339,993	$100M	new	+0.73 pp	new
OPTUOptimum Communications, Inc.	0.70%	3,916,825	$95M	new	+0.70 pp	new
AVTRAvantor, Inc.	0.61%	4,387,416	$84M	new	+0.61 pp	new
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.35%	194,003	$47M	trimmed−68%	−0.71 pp	7 q
BABoeing Company	—	−911,396	—	exited	−2.46 pp	—
ELVElevance Health, Inc.	—	−694,185	—	exited	−1.41 pp	—
TRUTransUnion	—	−2,905,092	—	exited	−1.37 pp	—

Source

Form: 13F-HR/A
Reading: 0 defects · 1 unresolved
Accession: 0000919574-22-004517
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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