John Armitage - Egerton Capital UK 13F Activity & Position Changes (Q4 2022)

According to the SEC 13F filed on Feb 07, 2023, the Egerton Capital UK portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2022. 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 2022, the filing reported:

New Buys - Everest Group, ICICI Bank Limited, Schlumberger N.V.

Increases - Booking Holdings Inc. Common St, LPL Financial Holdings Inc., Visa Inc.

Reductions - Analog Devices, Inc., Applied Materials, Inc., Canadian National Railway Compa, CSX Corporation, Cenovus Energy Inc, and 9 more

Complete Exits - Amazon.com, Inc., Blackstone Mortgage Trust, Inc., D.R. Horton, Inc., Taiwan Semiconductor Manufactur

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 2022	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell	-2,040,968	-50.9%	$322.92M	1,968,657
Q4 2022	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Sell	-3,393,546	-57.9%	$240.51M	2,469,856
Q4 2022	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell - Position Exit	-2,787,947	-100.0%	$0.00	-
Q4 2022	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy	+7,507	+3.6%	$436.95M	216,818
Q4 2022	BXMT Blackstone Mortgage Trust, Inc.	Blackstone Mortgage Trust, Inc.	Sell - Position Exit	-2,331,170	-100.0%	$0.00	-
Q4 2022	CNI Canadian National Railway Compa	Canadian National Railway Compa	Sell	-190,913	-1.7%	$1.31B	10,981,983
Q4 2022	CSX CSX Corporation	CSX Corporation	Sell	-8,564,109	-53.1%	$234.66M	7,574,429
Q4 2022	CVE Cenovus Energy Inc	Cenovus Energy Inc	Sell	-505,443	-1.7%	$557.61M	28,728,187
Q4 2022	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Sell - Position Exit	-4,708,096	-100.0%	$0.00	-
Q4 2022	EG Everest Group	Everest Group	Buy - Position Entry	+449,301	-	$148.84M	449,301
Q4 2022	FCNCA First Citizens BancShares, Inc.	First Citizens BancShares, Inc.	Sell	-63,192	-8.2%	$538.73M	710,382
Q4 2022	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-2,078,548	-20.1%	$732.28M	8,252,943
Q4 2022	IBN ICICI Bank Limited	ICICI Bank Limited	Buy - Position Entry	+10,214,980	-	$223.61M	10,214,980
Q4 2022	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell	-355,217	-7.5%	$204.61M	4,407,842
Q4 2022	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Sell	-26,371	-1.1%	$454.03M	2,278,825
Q4 2022	LPLA LPL Financial Holdings Inc.	LPL Financial Holdings Inc.	Buy	+13,720	+1.1%	$265.51M	1,228,244
Q4 2022	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-159,885	-7.4%	$695.88M	2,001,206
Q4 2022	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-2,403,815	-49.8%	$582.06M	2,427,056
Q4 2022	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Sell	-2,154,288	-18.5%	$790.83M	9,498,276
Q4 2022	SLB Schlumberger N.V.	Schlumberger N.V.	Buy - Position Entry	+11,013,635	-	$588.79M	11,013,635
Q4 2022	TECK Teck Resources Ltd	Teck Resources Ltd	Sell	-587,081	-4.9%	$431.00M	11,396,059
Q4 2022	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Sell - Position Exit	-3,460,517	-100.0%	$0.00	-
Q4 2022	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Sell	-85,473	-7.4%	$564.13M	1,064,026
Q4 2022	V Visa Inc.	Visa Inc.	Buy	+95,633	+2.6%	$786.02M	3,783,314