John Armitage
Q2 2026 versus Q1 2026: 5 bought, 13 added to, 5 reduced, 6 sold. By dollars, the largest buy was Medline Inc, $477.4M more at the quarter-end price; the largest sale Carpenter Technology Corp, $524.6M less. Net, $466.3M more bought than sold. What every tracked investor did in Q2 2026.
Every move, largest first
| Ticker | Issuer | Move | Shares Q1 2026 → Q2 2026 | Bought / sold | Of the portfolio | Weight now | Price vs model |
|---|---|---|---|---|---|---|---|
| CRS | Carpenter Technology Corp | sold | 1.3M → 0 | −$524.6M | −5.07% | — | — |
| MDLN | Medline INC | added +277% | 4.4M → 16.5M | +$477.4M | +4.61% | 6.3% | — |
| LIN | Linde PLC | reduced −72% | 1.1M → 300,854 | −$398.3M | −3.85% | 1.5% | 72% overvalued |
| AMAT | Applied Matls INC | bought | — → 521,065 | +$376.7M | +3.64% | 3.6% | 89% overvalued |
| APH | Amphenol Corp | added +69% | 2.9M → 4.9M | +$351.8M | +3.40% | 8.3% | 66% overvalued |
| CME | Cme Group INC | sold | 1.2M → 0 | −$349.4M | −3.38% | — | — |
| AMZN | Amazon Com INC | added +51% | 2.4M → 3.6M | +$288.4M | +2.79% | 8.2% | 182% overvalued |
| CNQ | Canadian Nat Res LTD Med Ter | sold | 5.7M → 0 | −$277.1M | −2.68% | — | — |
| EFX | Equifax INC | bought | — → 1.5M | +$235.1M | +2.27% | 2.3% | 39% overvalued |
| IBKR | Interactive Brokers Group In | reduced −34% | 6.3M → 4.1M | −$186.8M | −1.80% | 3.5% | 35% overvalued |
| CRH | Crh PLC | added +59% | 2.8M → 4.4M | +$173.8M | +1.68% | 4.5% | 5% overvalued |
| UBER | Uber Technologies INC | reduced −50% | 4.7M → 2.3M | −$168.3M | −1.63% | 1.6% | 12% overvalued |
| NVDA | Nvidia Corporation | added +28% | 2.7M → 3.4M | +$148.7M | +1.44% | 6.6% | 3% undervalued |
| SPGI | S&p Global INC | bought | — → 351,920 | +$143.3M | +1.38% | 1.4% | 39% overvalued |
| ACGL | Arch Cap Group LTD | sold | 1.1M → 0 | −$107.2M | −1.04% | — | — |
| RNR | Renaissancere Hldgs LTD | sold | 317,308 → 0 | −$94.3M | −0.91% | — | — |
| FERG | Ferguson Enterprises INC | added +59% | 634,258 → 1.0M | +$88.2M | +0.85% | 2.3% | 37% overvalued |
| NYT | New York Times CO Mtn Be | sold | 971,884 → 0 | −$81.4M | −0.79% | — | — |
| VST | Vistra Corp | bought | — → 485,253 | +$77.0M | +0.74% | 0.7% | 459% overvalued |
| AWI | Armstrong World Inds INC New | added +107% | 448,036 → 925,394 | +$76.6M | +0.74% | 1.4% | — |
| RIOT | Riot Platforms INC | bought | — → 2.6M | +$72.0M | +0.70% | 0.7% | — |
| MCO | Moodys Corp | added +10% | 1.5M → 1.7M | +$71.8M | +0.69% | 7.5% | 100% overvalued |
| VMC | Vulcan Matls CO | added +11% | 1.8M → 2.0M | +$59.7M | +0.58% | 5.6% | 129% overvalued |
| GOOG | Alphabet INC | reduced −5% | 3.5M → 3.3M | −$59.4M | −0.57% | 11.2% | 49% overvalued |
| V | Visa INC | added +4% | 4.1M → 4.3M | +$52.7M | +0.51% | 14.1% | 40% overvalued |
| MA | Mastercard Incorporated | reduced −21% | 459,652 → 363,490 | −$49.4M | −0.48% | 1.8% | 15% overvalued |
| DVN | Devon Energy Corp New | added +16% | 6.5M → 7.6M | +$42.7M | +0.41% | 3.0% | 32% undervalued |
| EMBJ | Embraer S.a. | added +14% | 3.0M → 3.4M | +$26.1M | +0.25% | 2.1% | — |
| LAMR | Lamar Advertising CO | added +0% | 1.1M → 1.1M | +$292,462.5 | +0.00% | 1.6% | — |
Bought / sold is the change in shares × the quarter's reported price (value ÷ shares in the filing); a position sold out is priced at the quarter before, since it has no price in this one. “Of the portfolio” is that amount against this quarter's reported book.
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.