John Armitage
Portfolio value$10.4B
Positions23
QuarterQ2 2026ended 2026-06-30
Filed07/212026
Egerton Capital (UK) LLP's Q2 2026 13F, filed Jul 21, 2026, reports 23 positions worth $10.4B. The ten largest are 76.0% of the book, led by Visa at 14.1%, Alphabet (Class C) at 11.2% and Amphenol at 8.3%. Against Q1 2026: 5 bought, 13 added to, 5 reduced, 6 sold; the largest moves were sold Carpenter Technology Corp and added Medline Inc (+277%).
Where the money is
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Holdings
| Ticker | Issuer | Weight | Value | Q-end → now | Price vs model | Change |
|---|---|---|---|---|---|---|
| V | Visa INC | 14.1% | $1.5B4.3M sh | 343.09 → +17% | 40% overvalued | added +4% |
| GOOG | Alphabet INC | 11.2% | $1.2B3.3M sh | 353.33 → −5% | 49% overvalued | reduced −5% |
| APH | Amphenol Corp | 8.3% | $858.1M4.9M sh | 88.16 → −10% | 66% overvalued | added +69% |
| AMZN | Amazon Com INC | 8.2% | $851.7M3.6M sh | 238.34 → +5% | 182% overvalued | added +51% |
| MCO | Moodys Corp | 7.5% | $771.9M1.7M sh | 452.92 → +7% | 100% overvalued | added +10% |
| NVDA | Nvidia Corporation | 6.6% | $683.9M3.4M sh | 200.09 → +7% | 3% undervalued | added +28% |
| MDLN | Medline INC | 6.3% | $649.6M16.5M sh | 39.44 | — | added +277% |
| VMC | Vulcan Matls CO | 5.6% | $581.7M2.0M sh | 295.01 → −13% | 129% overvalued | added +11% |
| CRH | Crh PLC | 4.5% | $469.1M4.4M sh | 107.00 → −22% | 5% overvalued | added +59% |
| AMAT | Applied Matls INC | 3.6% | $376.7M521,065 sh | 723.00 → −43% | 89% overvalued | bought |
| IBKR | Interactive Brokers Group In | 3.5% | $359.4M4.1M sh | 87.04 → −5% | 35% overvalued | reduced −34% |
| DVN | Devon Energy Corp New | 3.0% | $312.3M7.6M sh | 41.32 → +23% | 32% undervalued | added +16% |
| FERG | Ferguson Enterprises INC | 2.3% | $238.8M1.0M sh | 237.33 → −2% | 37% overvalued | added +59% |
| EFX | Equifax INC | 2.3% | $235.1M1.5M sh | 158.72 → +2% | 39% overvalued | bought |
| EMBJ | Embraer S.a. | 2.1% | $215.9M3.4M sh | 63.80 | — | added +14% |
| MA | Mastercard Incorporated | 1.8% | $186.7M363,490 sh | 513.60 → +20% | 15% overvalued | reduced −21% |
| LAMR | Lamar Advertising CO | 1.6% | $170.1M1.1M sh | 155.98 | — | added +0% |
| UBER | Uber Technologies INC | 1.6% | $167.4M2.3M sh | 72.16 → −3% | 12% overvalued | reduced −50% |
| LIN | Linde PLC | 1.5% | $156.1M300,854 sh | 518.94 → −4% | 72% overvalued | reduced −72% |
| AWI | Armstrong World Inds INC New | 1.4% | $148.5M925,394 sh | 160.42 | — | added +107% |
| SPGI | S&p Global INC | 1.4% | $143.3M351,920 sh | 407.26 → +5% | 39% overvalued | bought |
| VST | Vistra Corp | 0.7% | $77.0M485,253 sh | 158.63 → −4% | 459% overvalued | bought |
| RIOT | Riot Platforms INC | 0.7% | $72.0M2.6M sh | 27.38 | — | bought |
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.