John Armitage - Egerton Capital UK 13F Activity & Position Changes (Q3 2025)

As of Sep 30, 2025, the Egerton Capital UK portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 12, 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 Q3 2025, the filing reported:

New Buys - Embraer S.A., Lamar Advertising Company, TransUnion

Increases - Amazon.com, Inc., Amphenol Corporation, Aramark, Boston Scientific Corporation, Ferguson Enterprises Inc., and 2 more

Reductions - CME Group Inc., Capital One Financial Corporati, Canadian Pacific Kansas City Li, CRH, Carpenter Technology Corporatio, and 9 more

Complete Exits - Builders FirstSource, Inc., GE Aerospace, Alphabet Inc., LPL Financial Holdings 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 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+715,864	+21.4%	$889.97M	4,053,249
Q3 2025	APH Amphenol Corporation	Amphenol Corporation	Buy	+654,949	+20.7%	$473.15M	3,823,422
Q3 2025	ARMK Aramark	Aramark	Buy	+374,656	+13.2%	$123.04M	3,204,201
Q3 2025	BLDR Builders FirstSource, Inc.	Builders FirstSource, Inc.	Sell - Position Exit	-262,628	-100.0%	$0.00	-
Q3 2025	BSX Boston Scientific Corporation	Boston Scientific Corporation	Buy	+3,671,548	+223.7%	$518.66M	5,312,504
Q3 2025	CME CME Group Inc.	CME Group Inc.	Sell	-338,148	-22.2%	$320.12M	1,184,788
Q3 2025	COF Capital One Financial Corporati	Capital One Financial Corporati	Sell	-255,803	-11.0%	$441.71M	2,077,839
Q3 2025	CP Canadian Pacific Kansas City Li	Canadian Pacific Kansas City Li	Sell	-2,530,870	-55.5%	$150.94M	2,026,311
Q3 2025	CRH CRH	CRH	Sell	-309,718	-6.8%	$510.88M	4,260,846
Q3 2025	CRS Carpenter Technology Corporatio	Carpenter Technology Corporatio	Sell	-534,734	-28.0%	$337.45M	1,374,333
Q3 2025	ERJ Embraer S.A.	Embraer S.A.	Buy - Position Entry	+2,117,012	-	$127.97M	2,117,012
Q3 2025	FCNCA First Citizens BancShares, Inc.	First Citizens BancShares, Inc.	Sell	-41,626	-46.8%	$84.78M	47,384
Q3 2025	FERG Ferguson Enterprises Inc.	Ferguson Enterprises Inc.	Buy	+366,898	+16.4%	$583.96M	2,600,224
Q3 2025	FLUT Flutter Entertainment	Flutter Entertainment	Sell	-37,893	-2.6%	$358.65M	1,412,018
Q3 2025	G0450A105 Arch Capital	Arch Capital	Sell	-733,084	-17.3%	$318.27M	3,507,882
Q3 2025	GE GE Aerospace	GE Aerospace	Sell - Position Exit	-1,261,839	-100.0%	$0.00	-
Q3 2025	GOOG Alphabet Inc.	Alphabet Inc.	Sell - Position Exit	-965,393	-100.0%	$0.00	-
Q3 2025	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Sell	-1,802,710	-22.4%	$430.35M	6,254,134
Q3 2025	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-43,712	-4.0%	$174.58M	1,036,199
Q3 2025	LAMR Lamar Advertising Company	Lamar Advertising Company	Buy - Position Entry	+723,857	-	$88.61M	723,857
Q3 2025	LPLA LPL Financial Holdings Inc.	LPL Financial Holdings Inc.	Sell - Position Exit	-832,516	-100.0%	$0.00	-
Q3 2025	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+40,109	+9.5%	$261.74M	460,155
Q3 2025	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-10,128	-1.8%	$397.42M	541,167
Q3 2025	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-33,278	-1.8%	$937.90M	1,810,788
Q3 2025	PGR Progressive Corporation (The)	Progressive Corporation (The)	Sell	-49,323	-1.9%	$639.26M	2,588,638
Q3 2025	STX Seagate Technology	Seagate Technology	Sell	-458,451	-22.3%	$376.04M	1,592,983
Q3 2025	TRU TransUnion	TransUnion	Buy - Position Entry	+1,465,050	-	$122.74M	1,465,050
Q3 2025	V Visa Inc.	Visa Inc.	Buy	+473,058	+24.8%	$813.64M	2,383,373