John Armitage - Egerton Capital UK 13F Activity & Position Changes (Q4 2017)

As of Dec 31, 2017, the Egerton Capital UK portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 13, 2026. 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 Q4 2017, the filing reported:

New Buys - Salesforce, Inc., Cintas Corporation, Electronic Arts Inc., GoDaddy Inc., Alphabet Inc., and 1 more

Increases - Adobe Inc., Alibaba Group Holding Limited, Bank of America Corporation, Equinix, Inc., Southwest Airlines Company, and 1 more

Reductions - Alaska Air Group, Inc., Applied Materials, Inc., Blackstone Mortgage Trust, Inc., Charter Communications, Inc., HDFC Bank Limited, and 9 more

Complete Exits - Altice USA, Inc., Comcast Corporation, Edwards Lifesciences Corporatio, Intercontinental Exchange Inc., JP Morgan Chase & Co.

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
Q4 2017	ADBE Adobe Inc.	Adobe Inc.	Buy	+1,596,653	+119.6%	$513.82K	2,932,074
Q4 2017	ALK Alaska Air Group, Inc.	Alaska Air Group, Inc.	Sell	-581,467	-13.0%	$286.32K	3,895,027
Q4 2017	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Sell	-1,428,728	-8.4%	$791.91K	15,491,200
Q4 2017	ATUS Altice USA, Inc.	Altice USA, Inc.	Sell - Position Exit	-2,607,410	-100.0%	$0.00	-
Q4 2017	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+125,850	+4.3%	$527.92K	3,061,644
Q4 2017	BAC Bank of America Corporation	Bank of America Corporation	Buy	+59,703	+0.4%	$489.12K	16,569,132
Q4 2017	BXMT Blackstone Mortgage Trust, Inc.	Blackstone Mortgage Trust, Inc.	Sell	-125,967	-8.4%	$44.12K	1,371,207
Q4 2017	CHTR Charter Communications, Inc.	Charter Communications, Inc.	Sell	-305,287	-12.3%	$733.44K	2,183,114
Q4 2017	CMCSA Comcast Corporation	Comcast Corporation	Sell - Position Exit	-23,666,488	-100.0%	$0.00	-
Q4 2017	CRM Salesforce, Inc.	Salesforce, Inc.	Buy - Position Entry	+2,881,221	-	$294.55K	2,881,221
Q4 2017	CTAS Cintas Corporation	Cintas Corporation	Buy - Position Entry	+1,535,444	-	$239.27K	1,535,444
Q4 2017	EA Electronic Arts Inc.	Electronic Arts Inc.	Buy - Position Entry	+1,755,304	-	$184.41K	1,755,304
Q4 2017	EQIX Equinix, Inc.	Equinix, Inc.	Buy	+89,521	+18.4%	$261.37K	576,694
Q4 2017	EW Edwards Lifesciences Corporatio	Edwards Lifesciences Corporatio	Sell - Position Exit	-1,339,949	-100.0%	$0.00	-
Q4 2017	GDDY GoDaddy Inc.	GoDaddy Inc.	Buy - Position Entry	+953,728	-	$47.95K	953,728
Q4 2017	GOOG Alphabet Inc.	Alphabet Inc.	Buy - Position Entry	+442,147	-	$462.66K	442,147
Q4 2017	HDB HDFC Bank Limited	HDFC Bank Limited	Sell	-189,157	-8.4%	$208.64K	2,052,143
Q4 2017	HON Honeywell International Inc.	Honeywell International Inc.	Sell	-21,383	-8.1%	$37.31K	243,279
Q4 2017	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell - Position Exit	-685,997	-100.0%	$0.00	-
Q4 2017	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell - Position Exit	-2,424,646	-100.0%	$0.00	-
Q4 2017	LUV Southwest Airlines Company	Southwest Airlines Company	Buy	+654,828	+9.8%	$478.47K	7,310,517
Q4 2017	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-1,494,727	-41.3%	$321.78K	2,125,921
Q4 2017	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-217,921	-8.6%	$407.08K	2,306,949
Q4 2017	MLM Martin Marietta Materials, Inc.	Martin Marietta Materials, Inc.	Sell	-834,361	-47.7%	$202.48K	916,019
Q4 2017	MS Morgan Stanley	Morgan Stanley	Sell	-303,530	-8.4%	$173.87K	3,313,627
Q4 2017	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+571,877	+11.1%	$487.81K	5,702,710
Q4 2017	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-312,675	-2.9%	$532.01K	10,356,441
Q4 2017	SPGI S&P Global Inc.	S&P Global Inc.	Sell	-1,660,564	-39.6%	$429.92K	2,537,884
Q4 2017	STZ Constellation Brands, Inc.	Constellation Brands, Inc.	Sell	-466,062	-15.2%	$595.42K	2,604,995
Q4 2017	TRU TransUnion	TransUnion	Sell	-385,829	-8.4%	$230.20K	4,188,430

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