John Armitage - Egerton Capital UK 13F Activity & Position Changes (Q3 2023)

According to the SEC 13F filed on Nov 13, 2023, the Egerton Capital UK portfolio showed several notable changes in holdings as of quarter-end Sep 30, 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 Q3 2023, the filing reported:

New Buys - Amazon.com, Inc., Arch Capital, Hilton Worldwide Holdings Inc., Shell PLC

Increases - Cenovus Energy Inc, First Citizens BancShares, Inc., Fiserv, Inc., GE Aerospace, Alphabet Inc., and 2 more

Reductions - Booking Holdings Inc. Common St, Canadian National Railway Compa, Canadian Pacific Kansas City Li, Everest Group, HDFC Bank Limited, and 5 more

Complete Exits - Analog Devices, Inc., Applied Materials, Inc., KLA Corporation, Teck Resources Ltd, Thermo Fisher Scientific 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
Q3 2023	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell - Position Exit	-1,209,635	-100.0%	$0.00	-
Q3 2023	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Sell - Position Exit	-2,629,188	-100.0%	$0.00	-
Q3 2023	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy - Position Entry	+501,926	-	$63.80M	501,926
Q3 2023	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell	-4,595	-3.6%	$378.05M	122,586
Q3 2023	CNI Canadian National Railway Compa	Canadian National Railway Compa	Sell	-2,525,764	-32.8%	$560.03M	5,169,679
Q3 2023	CP Canadian Pacific Kansas City Li	Canadian Pacific Kansas City Li	Sell	-690,917	-4.0%	$1.23B	16,513,775
Q3 2023	CVE Cenovus Energy Inc	Cenovus Energy Inc	Buy	+6,981,420	+45.3%	$466.11M	22,387,388
Q3 2023	EG Everest Group	Everest Group	Sell	-66,869	-23.1%	$82.92M	223,093
Q3 2023	FCNCA First Citizens BancShares, Inc.	First Citizens BancShares, Inc.	Buy	+10,020	+3.0%	$468.85M	339,721
Q3 2023	FI Fiserv, Inc.	Fiserv, Inc.	Buy	+158,524	+4.7%	$399.81M	3,539,368
Q3 2023	G0450A105 Arch Capital	Arch Capital	Buy - Position Entry	+1,498,795	-	$119.47M	1,498,795
Q3 2023	GE GE Aerospace	GE Aerospace	Buy	+19,829	+0.5%	$423.81M	3,833,676
Q3 2023	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+809,261	+21.5%	$603.48M	4,577,055
Q3 2023	HDB HDFC Bank Limited	HDFC Bank Limited	Sell	-1,046,101	-27.1%	$166.05M	2,813,851
Q3 2023	HLT Hilton Worldwide Holdings Inc.	Hilton Worldwide Holdings Inc.	Buy - Position Entry	+639,907	-	$96.10M	639,907
Q3 2023	IBN ICICI Bank Limited	ICICI Bank Limited	Sell	-345,018	-3.9%	$197.53M	8,543,487
Q3 2023	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell	-57,310	-3.9%	$85.91M	1,394,577
Q3 2023	KLAC KLA Corporation	KLA Corporation	Sell - Position Exit	-191,191	-100.0%	$0.00	-
Q3 2023	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-49,398	-3.8%	$501.59M	1,266,934
Q3 2023	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+413,823	+22.4%	$679.79M	2,264,375
Q3 2023	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-303,792	-18.9%	$410.76M	1,300,909
Q3 2023	SHEL Shell PLC	Shell PLC	Buy - Position Entry	+972,755	-	$62.63M	972,755
Q3 2023	SLB Schlumberger N.V.	Schlumberger N.V.	Buy	+1,225,371	+14.2%	$573.53M	9,837,492
Q3 2023	TECK Teck Resources Ltd	Teck Resources Ltd	Sell - Position Exit	-7,126,516	-100.0%	$0.00	-
Q3 2023	TMO Thermo Fisher Scientific Inc	Thermo Fisher Scientific Inc	Sell - Position Exit	-562,479	-100.0%	$0.00	-
Q3 2023	V Visa Inc.	Visa Inc.	Sell	-136,645	-3.9%	$768.97M	3,343,194