John Armitage - Egerton Capital UK 13F Activity & Position Changes (Q1 2025)

As of Mar 31, 2025, the Egerton Capital UK portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 06, 2025. 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 2025, the filing reported:

New Buys - Amphenol Corporation, Carpenter Technology Corporatio

Increases - Amazon.com, Inc., Aramark, CME Group Inc., First Citizens BancShares, Inc., Fiserv, Inc., and 9 more

Reductions - Capital One Financial Corporati, Canadian Pacific Kansas City Li, CRH, GE Aerospace, HDFC Bank Limited, and 6 more

Complete Exits - Booking Holdings Inc. Common St, Embraer S.A., GE HealthCare Technologies Inc., Lithia Motors, 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 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+1,813,724	+75.3%	$803.25M	4,221,867
Q1 2025	APH Amphenol Corporation	Amphenol Corporation	Buy - Position Entry	+1,762,623	-	$115.61M	1,762,623
Q1 2025	ARMK Aramark	Aramark	Buy	+916,054	+79.0%	$71.63M	2,075,126
Q1 2025	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell - Position Exit	-12,235	-100.0%	$0.00	-
Q1 2025	CME CME Group Inc.	CME Group Inc.	Buy	+765,773	+79.4%	$459.00M	1,730,194
Q1 2025	COF Capital One Financial Corporati	Capital One Financial Corporati	Sell	-673,836	-43.0%	$159.87M	891,659
Q1 2025	CP Canadian Pacific Kansas City Li	Canadian Pacific Kansas City Li	Sell	-2,911,090	-41.1%	$292.46M	4,165,545
Q1 2025	CRH CRH	CRH	Sell	-97,656	-2.3%	$372.22M	4,231,236
Q1 2025	CRS Carpenter Technology Corporatio	Carpenter Technology Corporatio	Buy - Position Entry	+1,819,885	-	$329.73M	1,819,885
Q1 2025	ERJ Embraer S.A.	Embraer S.A.	Sell - Position Exit	-3,634,426	-100.0%	$0.00	-
Q1 2025	FCNCA First Citizens BancShares, Inc.	First Citizens BancShares, Inc.	Buy	+22,257	+21.7%	$231.34M	124,773
Q1 2025	FI Fiserv, Inc.	Fiserv, Inc.	Buy	+56,897	+2.4%	$525.91M	2,381,496
Q1 2025	FLUT Flutter Entertainment	Flutter Entertainment	Buy	+316,411	+16.9%	$486.04M	2,193,794
Q1 2025	G0450A105 Arch Capital	Arch Capital	Buy	+337,245	+8.5%	$416.00M	4,325,217
Q1 2025	GE GE Aerospace	GE Aerospace	Sell	-907,203	-37.7%	$299.70M	1,497,354
Q1 2025	GEHC GE HealthCare Technologies Inc.	GE HealthCare Technologies Inc.	Sell - Position Exit	-4,572,382	-100.0%	$0.00	-
Q1 2025	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+186,203	+12.6%	$260.23M	1,665,708
Q1 2025	HDB HDFC Bank Limited	HDFC Bank Limited	Sell	-24,018	-2.1%	$74.18M	1,116,493
Q1 2025	HHH Howard Hughes Holdings Inc.	Howard Hughes Holdings Inc.	Buy	+752,325	+169.5%	$88.62M	1,196,288
Q1 2025	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Sell	-14,204	-0.8%	$303.69M	1,833,969
Q1 2025	IBN ICICI Bank Limited	ICICI Bank Limited	Sell	-1,354,572	-21.2%	$158.59M	5,031,304
Q1 2025	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Buy	+368,112	+50.2%	$189.99M	1,101,419
Q1 2025	LAD Lithia Motors, Inc.	Lithia Motors, Inc.	Sell - Position Exit	-316,845	-100.0%	$0.00	-
Q1 2025	LLY Eli Lilly and Company	Eli Lilly and Company	Buy	+211,827	+75.4%	$407.02M	492,808
Q1 2025	LPLA LPL Financial Holdings Inc.	LPL Financial Holdings Inc.	Buy	+613,555	+238.1%	$285.03M	871,265
Q1 2025	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-8,505	-2.2%	$208.41M	380,221
Q1 2025	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-58,987	-7.4%	$427.92M	742,455
Q1 2025	MLM Martin Marietta Materials, Inc.	Martin Marietta Materials, Inc.	Buy	+83,062	+101.0%	$79.05M	165,338
Q1 2025	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-429,476	-24.4%	$498.72M	1,328,533
Q1 2025	PGR Progressive Corporation (The)	Progressive Corporation (The)	Sell	-48,324	-1.7%	$786.44M	2,778,832

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