John Armitage - Egerton Capital UK 13F Activity & Position Changes (Q4 2019)

As of Dec 31, 2019, 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 2019, the filing reported:

New Buys - Avantor, Inc., HDFC Bank Limited, ICICI Bank Limited, Altria Group, Inc., Nebius Group, and 1 more

Increases - Adobe Inc., D.R. Horton, Inc., Fiserv, Inc., Netflix, Inc., Thermo Fisher Scientific Inc, and 1 more

Reductions - Autodesk, Inc., American Express Company, Alibaba Group Holding Limited, Blackstone Inc., Charter Communications, Inc., and 12 more

Complete Exits - Amazon.com, Inc., Aramark, Altice USA, Inc., Equifax, Inc., GoDaddy Inc., and 2 more

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 2019	ADBE Adobe Inc.	Adobe Inc.	Buy	+127,259	+7.3%	$616.64K	1,869,677
Q4 2019	ADSK Autodesk, Inc.	Autodesk, Inc.	Sell	-378,823	-28.7%	$172.51K	940,334
Q4 2019	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell - Position Exit	-152,380	-100.0%	$0.00	-
Q4 2019	ARMK Aramark	Aramark	Sell - Position Exit	-635,058	-100.0%	$0.00	-
Q4 2019	ATUS Altice USA, Inc.	Altice USA, Inc.	Sell - Position Exit	-7,037,118	-100.0%	$0.00	-
Q4 2019	AVTR Avantor, Inc.	Avantor, Inc.	Buy - Position Entry	+7,362,154	-	$133.62K	7,362,154
Q4 2019	AXP American Express Company	American Express Company	Sell	-266,316	-7.5%	$406.74K	3,267,224
Q4 2019	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell	-374,136	-6.8%	$1.09M	5,158,187
Q4 2019	BX Blackstone Inc.	Blackstone Inc.	Sell	-5,768,393	-45.9%	$380.95K	6,810,012
Q4 2019	CHTR Charter Communications, Inc.	Charter Communications, Inc.	Sell	-375,425	-14.0%	$1.12M	2,304,265
Q4 2019	CRM Salesforce, Inc.	Salesforce, Inc.	Sell	-318,529	-16.7%	$258.29K	1,588,101
Q4 2019	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Buy	+327,584	+3.5%	$511.69K	9,700,214
Q4 2019	EFX Equifax, Inc.	Equifax, Inc.	Sell - Position Exit	-1,051,935	-100.0%	$0.00	-
Q4 2019	FI Fiserv, Inc.	Fiserv, Inc.	Buy	+2,419,458	+45.7%	$891.98K	7,714,083
Q4 2019	GDDY GoDaddy Inc.	GoDaddy Inc.	Sell - Position Exit	-1,350,023	-100.0%	$0.00	-
Q4 2019	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-418,849	-52.7%	$502.89K	376,128
Q4 2019	HDB HDFC Bank Limited	HDFC Bank Limited	Buy - Position Entry	+4,312,271	-	$273.27K	4,312,271
Q4 2019	IBN ICICI Bank Limited	ICICI Bank Limited	Buy - Position Entry	+14,119,109	-	$213.06K	14,119,109
Q4 2019	IQV IQVIA Holdings, Inc.	IQVIA Holdings, Inc.	Sell	-1,386,920	-91.9%	$18.77K	121,463
Q4 2019	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell	-2,552,006	-40.2%	$110.59K	3,791,240
Q4 2019	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-37,219	-2.5%	$433.44K	1,451,641
Q4 2019	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-599,552	-30.7%	$277.69K	1,352,938
Q4 2019	MLM Martin Marietta Materials, Inc.	Martin Marietta Materials, Inc.	Sell	-493,917	-28.5%	$347.05K	1,241,056
Q4 2019	MO Altria Group, Inc.	Altria Group, Inc.	Buy - Position Entry	+2,152,485	-	$107.43K	2,152,485
Q4 2019	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-290,810	-5.2%	$841.98K	5,339,131
Q4 2019	NBIS Nebius Group	Nebius Group	Buy - Position Entry	+9,106,091	-	$396.02K	9,106,091
Q4 2019	NFLX Netflix, Inc.	Netflix, Inc.	Buy	+1,089,345	+370.5%	$447.61K	1,383,351
Q4 2019	SNPS Synopsys, Inc.	Synopsys, Inc.	Sell - Position Exit	-893,313	-100.0%	$0.00	-
Q4 2019	SPGI S&P Global Inc.	S&P Global Inc.	Sell	-251,737	-13.1%	$454.83K	1,665,744
Q4 2019	TDG Transdigm Group Incorporated	Transdigm Group Incorporated	Sell	-56,244	-7.4%	$396.45K	707,950

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