John Armitage - Egerton Capital UK 13F Activity & Position Changes (Q1 2018)

As of Mar 31, 2018, the Egerton Capital UK portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 13, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2018, the filing reported:

New Buys - Union Pacific Corporation, Wynn Resorts, Limited

Increases - Adobe Inc., Bank of America Corporation, Electronic Arts Inc., GoDaddy Inc., Alphabet Inc., and 5 more

Reductions - Alaska Air Group, Inc., Applied Materials, Inc., Alibaba Group Holding Limited, Blackstone Mortgage Trust, Inc., Charter Communications, Inc., and 9 more

Complete Exits - Equinix, Inc., Martin Marietta Materials, Inc.

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2018	ADBE Adobe Inc.	Adobe Inc.	Buy	+373,515	+12.7%	$714.27K	3,305,589
Q1 2018	ALK Alaska Air Group, Inc.	Alaska Air Group, Inc.	Sell	-3,036,296	-78.0%	$53.21K	858,731
Q1 2018	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Sell	-4,433,463	-28.6%	$614.92K	11,057,737
Q1 2018	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell	-633,947	-20.7%	$445.58K	2,427,697
Q1 2018	BAC Bank of America Corporation	Bank of America Corporation	Buy	+4,618,854	+27.9%	$635.43K	21,187,986
Q1 2018	BXMT Blackstone Mortgage Trust, Inc.	Blackstone Mortgage Trust, Inc.	Sell	-72,274	-5.3%	$40.81K	1,298,933
Q1 2018	CHTR Charter Communications, Inc.	Charter Communications, Inc.	Sell	-8,846	-0.4%	$676.68K	2,174,268
Q1 2018	CRM Salesforce, Inc.	Salesforce, Inc.	Sell	-70,705	-2.5%	$326.86K	2,810,516
Q1 2018	CTAS Cintas Corporation	Cintas Corporation	Sell	-264,518	-17.2%	$216.79K	1,270,926
Q1 2018	EA Electronic Arts Inc.	Electronic Arts Inc.	Buy	+492,389	+28.1%	$272.51K	2,247,693
Q1 2018	EQIX Equinix, Inc.	Equinix, Inc.	Sell - Position Exit	-576,694	-100.0%	$0.00	-
Q1 2018	GDDY GoDaddy Inc.	GoDaddy Inc.	Buy	+3,367,853	+353.1%	$265.43K	4,321,581
Q1 2018	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+128,792	+29.1%	$589.09K	570,939
Q1 2018	HDB HDFC Bank Limited	HDFC Bank Limited	Sell	-370,147	-18.0%	$166.13K	1,681,996
Q1 2018	HON Honeywell International Inc.	Honeywell International Inc.	Sell	-17,860	-7.3%	$32.58K	225,419
Q1 2018	LUV Southwest Airlines Company	Southwest Airlines Company	Buy	+2,949,407	+40.3%	$587.69K	10,259,924
Q1 2018	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-682,976	-32.1%	$252.75K	1,442,945
Q1 2018	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-645,742	-28.0%	$265.44K	1,661,207
Q1 2018	MLM Martin Marietta Materials, Inc.	Martin Marietta Materials, Inc.	Sell - Position Exit	-916,019	-100.0%	$0.00	-
Q1 2018	MS Morgan Stanley	Morgan Stanley	Sell	-177,273	-5.3%	$169.24K	3,136,354
Q1 2018	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+1,376,422	+24.1%	$646.11K	7,079,132
Q1 2018	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Buy	+289,493	+2.8%	$555.93K	10,645,934
Q1 2018	SPGI S&P Global Inc.	S&P Global Inc.	Buy	+734,833	+29.0%	$625.28K	3,272,717
Q1 2018	STZ Constellation Brands, Inc.	Constellation Brands, Inc.	Sell	-1,796,231	-69.0%	$184.33K	808,764
Q1 2018	TRU TransUnion	TransUnion	Sell	-448,974	-10.7%	$212.33K	3,739,456
Q1 2018	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Buy	+492,530	+29.4%	$463.50K	2,165,874
Q1 2018	UNP Union Pacific Corporation	Union Pacific Corporation	Buy - Position Entry	+3,269,058	-	$439.46K	3,269,058
Q1 2018	WYNN Wynn Resorts, Limited	Wynn Resorts, Limited	Buy - Position Entry	+2,736,728	-	$499.07K	2,736,728