John Armitage - Egerton Capital UK 13F Activity & Position Changes (Q2 2023)

As of Jun 30, 2023, the Egerton Capital UK portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 10, 2023. 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 Q2 2023, the filing reported:

New Buys - Canadian Pacific Kansas City Li, GE Aerospace, KLA Corporation

Increases - Booking Holdings Inc. Common St, Alphabet Inc., HDFC Bank Limited, ICICI Bank Limited, Mastercard Incorporated, and 3 more

Reductions - Analog Devices, Inc., Applied Materials, Inc., Canadian National Railway Compa, Cenovus Energy Inc, Everest Group, and 6 more

Complete Exits - Linde, Lowe's Companies, Inc., LPL Financial Holdings Inc., UnitedHealth Group Incorporated

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
Q2 2023	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell	-586,869	-32.7%	$235.65M	1,209,635
Q2 2023	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Sell	-92,953	-3.4%	$380.02M	2,629,188
Q2 2023	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy	+54,638	+75.3%	$343.43M	127,181
Q2 2023	CNI Canadian National Railway Compa	Canadian National Railway Compa	Sell	-1,014,587	-11.6%	$931.69M	7,695,443
Q2 2023	CP Canadian Pacific Kansas City Li	Canadian Pacific Kansas City Li	Buy - Position Entry	+17,204,692	-	$1.39B	17,204,692
Q2 2023	CVE Cenovus Energy Inc	Cenovus Energy Inc	Sell	-9,728,452	-38.7%	$261.59M	15,405,968
Q2 2023	EG Everest Group	Everest Group	Sell	-116,684	-28.7%	$99.13M	289,962
Q2 2023	FCNCA First Citizens BancShares, Inc.	First Citizens BancShares, Inc.	Sell	-273,317	-45.3%	$423.15M	329,701
Q2 2023	FI Fiserv, Inc.	Fiserv, Inc.	Sell	-118,355	-3.4%	$426.49M	3,380,844
Q2 2023	GE GE Aerospace	GE Aerospace	Buy - Position Entry	+3,813,847	-	$418.95M	3,813,847
Q2 2023	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+875,714	+30.3%	$455.79M	3,767,794
Q2 2023	HDB HDFC Bank Limited	HDFC Bank Limited	Buy	+1,512,566	+64.4%	$269.04M	3,859,952
Q2 2023	IBN ICICI Bank Limited	ICICI Bank Limited	Buy	+1,243,632	+16.3%	$205.15M	8,888,505
Q2 2023	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell	-2,399,841	-62.3%	$81.31M	1,451,887
Q2 2023	KLAC KLA Corporation	KLA Corporation	Buy - Position Entry	+191,191	-	$92.73M	191,191
Q2 2023	LIN Linde	Linde	Sell - Position Exit	-119,255	-100.0%	$0.00	-
Q2 2023	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell - Position Exit	-1,119,576	-100.0%	$0.00	-
Q2 2023	LPLA LPL Financial Holdings Inc.	LPL Financial Holdings Inc.	Sell - Position Exit	-1,019,727	-100.0%	$0.00	-
Q2 2023	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+317,151	+31.7%	$517.71M	1,316,332
Q2 2023	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+95,015	+5.4%	$531.07M	1,850,552
Q2 2023	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+277,223	+20.9%	$546.46M	1,604,701
Q2 2023	SLB Schlumberger N.V.	Schlumberger N.V.	Sell	-1,293,375	-13.1%	$423.03M	8,612,121
Q2 2023	TECK Teck Resources Ltd	Teck Resources Ltd	Sell	-2,809,659	-28.3%	$300.03M	7,126,516
Q2 2023	TMO Thermo Fisher Scientific Inc	Thermo Fisher Scientific Inc	Buy	+455,728	+426.9%	$293.47M	562,479
Q2 2023	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Sell - Position Exit	-89,364	-100.0%	$0.00	-
Q2 2023	V Visa Inc.	Visa Inc.	Sell	-704,829	-16.8%	$826.39M	3,479,839