John Armitage - Egerton Capital UK 13F Activity & Position Changes (Q4 2023)

According to the SEC 13F filed on Feb 12, 2024, the Egerton Capital UK portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2023. 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 2023, the filing reported:

New Buys - CRH, GE HealthCare Technologies Inc.

Increases - Amazon.com, Inc., Canadian National Railway Compa, Arch Capital, GE Aerospace, HDFC Bank Limited, and 5 more

Reductions - Booking Holdings Inc. Common St, Canadian Pacific Kansas City Li, Cenovus Energy Inc, First Citizens BancShares, Inc., Fiserv, Inc., and 4 more

Complete Exits - Everest Group, KKR & Co. 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
Q4 2023	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+4,147,308	+826.3%	$706.40M	4,649,234
Q4 2023	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell	-14,783	-12.1%	$382.40M	107,803
Q4 2023	CNI Canadian National Railway Compa	Canadian National Railway Compa	Buy	+138,589	+2.7%	$666.88M	5,308,268
Q4 2023	CP Canadian Pacific Kansas City Li	Canadian Pacific Kansas City Li	Sell	-5,113,559	-31.0%	$901.30M	11,400,216
Q4 2023	CRH CRH	CRH	Buy - Position Entry	+3,393,265	-	$234.68M	3,393,265
Q4 2023	CVE Cenovus Energy Inc	Cenovus Energy Inc	Sell	-8,194,337	-36.6%	$236.31M	14,193,051
Q4 2023	EG Everest Group	Everest Group	Sell - Position Exit	-223,093	-100.0%	$0.00	-
Q4 2023	FCNCA First Citizens BancShares, Inc.	First Citizens BancShares, Inc.	Sell	-36,642	-10.8%	$430.06M	303,079
Q4 2023	FI Fiserv, Inc.	Fiserv, Inc.	Sell	-91,085	-2.6%	$458.07M	3,448,283
Q4 2023	G0450A105 Arch Capital	Arch Capital	Buy	+498,483	+33.3%	$148.34M	1,997,278
Q4 2023	GE GE Aerospace	GE Aerospace	Buy	+469,294	+12.2%	$549.19M	4,302,970
Q4 2023	GEHC GE HealthCare Technologies Inc.	GE HealthCare Technologies Inc.	Buy - Position Entry	+3,496,512	-	$270.35M	3,496,512
Q4 2023	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-1,113,548	-24.3%	$488.11M	3,463,507
Q4 2023	HDB HDFC Bank Limited	HDFC Bank Limited	Buy	+10,073	+0.4%	$189.51M	2,823,924
Q4 2023	HLT Hilton Worldwide Holdings Inc.	Hilton Worldwide Holdings Inc.	Buy	+662,464	+103.5%	$237.15M	1,302,371
Q4 2023	IBN ICICI Bank Limited	ICICI Bank Limited	Buy	+3,776,723	+44.2%	$293.71M	12,320,210
Q4 2023	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell - Position Exit	-1,394,577	-100.0%	$0.00	-
Q4 2023	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-728,930	-57.5%	$229.46M	538,004
Q4 2023	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-463,330	-20.5%	$637.50M	1,801,045
Q4 2023	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+420,057	+32.3%	$647.15M	1,720,966
Q4 2023	SHEL Shell PLC	Shell PLC	Buy	+200,505	+20.6%	$77.20M	1,173,260
Q4 2023	SLB Schlumberger N.V.	Schlumberger N.V.	Sell	-6,542,337	-66.5%	$171.48M	3,295,155
Q4 2023	V Visa Inc.	Visa Inc.	Buy	+325,306	+9.7%	$955.09M	3,668,500