John Armitage - Egerton Capital UK 13F Activity & Position Changes (Q4 2018)

As of Dec 31, 2018, 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 2018, the filing reported:

New Buys - Autodesk, Inc., American Express Company, Elevance Health, Inc., Martin Marietta Materials, Inc., Vulcan Materials Company (Holdi

Increases - CSX Corporation, GoDaddy Inc., Alphabet Inc., Mastercard Incorporated, Microsoft Corporation, and 2 more

Reductions - Adobe Inc., Alibaba Group Holding Limited, Blackstone Mortgage Trust, Inc., Charter Communications, Inc., KKR & Co. Inc., and 6 more

Complete Exits - Bank of America Corporation, Salesforce, Inc., Cintas Corporation, Charles Schwab Corporation (The

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 2018	ADBE Adobe Inc.	Adobe Inc.	Sell	-854,265	-28.6%	$482.86K	2,134,263
Q4 2018	ADSK Autodesk, Inc.	Autodesk, Inc.	Buy - Position Entry	+1,709,679	-	$219.88K	1,709,679
Q4 2018	AXP American Express Company	American Express Company	Buy - Position Entry	+7,915,847	-	$754.54K	7,915,847
Q4 2018	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell	-2,462	-0.1%	$319.82K	2,333,258
Q4 2018	BAC Bank of America Corporation	Bank of America Corporation	Sell - Position Exit	-11,913,680	-100.0%	$0.00	-
Q4 2018	BXMT Blackstone Mortgage Trust, Inc.	Blackstone Mortgage Trust, Inc.	Sell	-24,339	-1.9%	$40.80K	1,280,459
Q4 2018	CHTR Charter Communications, Inc.	Charter Communications, Inc.	Sell	-387,328	-14.2%	$668.11K	2,344,502
Q4 2018	CRM Salesforce, Inc.	Salesforce, Inc.	Sell - Position Exit	-945,959	-100.0%	$0.00	-
Q4 2018	CSX CSX Corporation	CSX Corporation	Buy	+1,231,450	+11.6%	$736.25K	11,850,206
Q4 2018	CTAS Cintas Corporation	Cintas Corporation	Sell - Position Exit	-647,981	-100.0%	$0.00	-
Q4 2018	ELV Elevance Health, Inc.	Elevance Health, Inc.	Buy - Position Entry	+250,757	-	$65.86K	250,757
Q4 2018	GDDY GoDaddy Inc.	GoDaddy Inc.	Buy	+205,033	+6.3%	$225.85K	3,441,825
Q4 2018	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+87,031	+16.6%	$632.79K	611,028
Q4 2018	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell	-999,229	-10.2%	$172.06K	8,765,389
Q4 2018	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+1,140,116	+115.1%	$401.90K	2,130,391
Q4 2018	MLM Martin Marietta Materials, Inc.	Martin Marietta Materials, Inc.	Buy - Position Entry	+1,568,364	-	$269.56K	1,568,364
Q4 2018	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+1,074,069	+13.8%	$896.80K	8,829,399
Q4 2018	NTR Nutrien Ltd.	Nutrien Ltd.	Sell	-950,307	-21.5%	$163.23K	3,472,993
Q4 2018	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell - Position Exit	-6,493,542	-100.0%	$0.00	-
Q4 2018	SNPS Synopsys, Inc.	Synopsys, Inc.	Sell	-114,358	-11.2%	$76.48K	907,842
Q4 2018	SPGI S&P Global Inc.	S&P Global Inc.	Sell	-155,481	-4.9%	$511.48K	3,009,784
Q4 2018	TRU TransUnion	TransUnion	Buy	+1,174,121	+34.5%	$260.21K	4,581,244
Q4 2018	TS Tenaris S.A.	Tenaris S.A.	Sell	-1,689,055	-18.3%	$160.49K	7,527,640
Q4 2018	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Buy	+944,290	+62.1%	$614.11K	2,465,101
Q4 2018	UNP Union Pacific Corporation	Union Pacific Corporation	Sell	-561,014	-7.0%	$1.02M	7,401,974
Q4 2018	VMC Vulcan Materials Company (Holdi	Vulcan Materials Company (Holdi	Buy - Position Entry	+2,915,307	-	$288.03K	2,915,307
Q4 2018	WYNN Wynn Resorts, Limited	Wynn Resorts, Limited	Sell	-2,205,581	-74.3%	$75.51K	763,460