John Armitage - Egerton Capital UK 13F Activity & Position Changes (Q1 2024)

As of Mar 31, 2024, the Egerton Capital UK portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 13, 2024. 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 2024, the filing reported:

New Buys - APi Group Corporation, Interactive Brokers Group, Inc., Block, Inc.

Increases - Amazon.com, Inc., Canadian National Railway Compa, CRH, Arch Capital, GE HealthCare Technologies Inc.

Reductions - Booking Holdings Inc. Common St, Canadian Pacific Kansas City Li, Cenovus Energy Inc, First Citizens BancShares, Inc., Fiserv, Inc., and 8 more

Complete Exits - HDFC Bank Limited, Shell PLC, Schlumberger N.V.

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 2024	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+342,982	+7.4%	$900.50M	4,992,216
Q1 2024	APG APi Group Corporation	APi Group Corporation	Buy - Position Entry	+4,079,597	-	$160.21M	4,079,597
Q1 2024	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell	-26,982	-25.0%	$293.21M	80,821
Q1 2024	CNI Canadian National Railway Compa	Canadian National Railway Compa	Buy	+697,980	+13.1%	$791.08M	6,006,248
Q1 2024	CP Canadian Pacific Kansas City Li	Canadian Pacific Kansas City Li	Sell	-1,448,339	-12.7%	$877.46M	9,951,877
Q1 2024	CRH CRH	CRH	Buy	+842,172	+24.8%	$365.35M	4,235,437
Q1 2024	CVE Cenovus Energy Inc	Cenovus Energy Inc	Sell	-225,108	-1.6%	$279.22M	13,967,943
Q1 2024	FCNCA First Citizens BancShares, Inc.	First Citizens BancShares, Inc.	Sell	-4,616	-1.5%	$487.99M	298,463
Q1 2024	FI Fiserv, Inc.	Fiserv, Inc.	Sell	-56,007	-1.6%	$542.15M	3,392,276
Q1 2024	G0450A105 Arch Capital	Arch Capital	Buy	+1,403,616	+70.3%	$314.38M	3,400,894
Q1 2024	GE GE Aerospace	GE Aerospace	Sell	-931,163	-21.6%	$591.85M	3,371,807
Q1 2024	GEHC GE HealthCare Technologies Inc.	GE HealthCare Technologies Inc.	Buy	+5,210,342	+149.0%	$791.54M	8,706,854
Q1 2024	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-972,954	-28.1%	$379.21M	2,490,553
Q1 2024	HDB HDFC Bank Limited	HDFC Bank Limited	Sell - Position Exit	-2,823,924	-100.0%	$0.00	-
Q1 2024	HLT Hilton Worldwide Holdings Inc.	Hilton Worldwide Holdings Inc.	Sell	-20,665	-1.6%	$273.40M	1,281,706
Q1 2024	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Buy - Position Entry	+2,823,697	-	$315.44M	2,823,697
Q1 2024	IBN ICICI Bank Limited	ICICI Bank Limited	Sell	-6,256,660	-50.8%	$160.14M	6,063,550
Q1 2024	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-161,911	-30.1%	$181.12M	376,093
Q1 2024	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-359,908	-20.0%	$699.79M	1,441,137
Q1 2024	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-333,900	-19.4%	$583.57M	1,387,066
Q1 2024	SHEL Shell PLC	Shell PLC	Sell - Position Exit	-1,173,260	-100.0%	$0.00	-
Q1 2024	SLB Schlumberger N.V.	Schlumberger N.V.	Sell - Position Exit	-3,295,155	-100.0%	$0.00	-
Q1 2024	SQ Block, Inc.	Block, Inc.	Buy - Position Entry	+1,900,407	-	$160.74M	1,900,407
Q1 2024	V Visa Inc.	Visa Inc.	Sell	-933,144	-25.4%	$763.38M	2,735,356