William Von Mueffling – Cantillon Capital Management Portfolio Activity & Recent Trades (Sep 30, 2025)

As of Sep 30, 2025, the Cantillon Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Oct 30, 2025. 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 Q3 2025, the filing reported:

New Buys – Liberty Media Corporation - Ser

Increases – Adobe Inc., IQVIA Holdings, Inc., Trip.com Group Limited, Tradeweb Markets Inc.

Reductions – Agilent Technologies, Inc., Analog Devices, Inc., Alcon, Applied Materials, Inc., American Tower Corporation (REI, and 28 more

Complete Exits – ICON

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
Q3 2025	A Agilent Technologies, Inc.	Agilent Technologies, Inc.	Sell	-34,138	-1.1%	$396.88M	3,092,145
Q3 2025	ADBE Adobe Inc.	Adobe Inc.	Buy	+143,679	+16.8%	$352.86M	1,000,308
Q3 2025	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell	-23,729	-1.1%	$528.87M	2,152,518
Q3 2025	ALC Alcon	Alcon	Sell	-30,152	-1.1%	$210.37M	2,823,322
Q3 2025	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Sell	-32,480	-1.1%	$604.24M	2,951,260
Q3 2025	AMT American Tower Corporation (REI	American Tower Corporation (REI	Sell	-20,035	-1.1%	$349.22M	1,815,816
Q3 2025	AON Aon Plc	Aon Plc	Sell	-13,613	-1.1%	$439.93M	1,233,741
Q3 2025	AVGO Broadcom Inc.	Broadcom Inc.	Sell	-781,041	-14.3%	$1.55B	4,699,739
Q3 2025	BLK BlackRock, Inc.	BlackRock, Inc.	Sell	-5,625	-1.1%	$595.06M	510,402
Q3 2025	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-48,802	-1.1%	$697.52M	4,427,021
Q3 2025	CME CME Group Inc.	CME Group Inc.	Sell	-17,177	-1.1%	$421.81M	1,561,173
Q3 2025	CP Canadian Pacific Kansas City Li	Canadian Pacific Kansas City Li	Sell	-45,902	-1.1%	$310.92M	4,174,009
Q3 2025	ECL Ecolab Inc.	Ecolab Inc.	Sell	-1,016,637	-92.8%	$21.50M	78,513
Q3 2025	EFX Equifax, Inc.	Equifax, Inc.	Sell	-18,768	-1.1%	$438.92M	1,711,003
Q3 2025	ENTG Entegris, Inc.	Entegris, Inc.	Sell	-26,054	-1.1%	$225.58M	2,439,719
Q3 2025	FAST Fastenal Company	Fastenal Company	Sell	-101,328	-1.1%	$451.01M	9,196,705
Q3 2025	FERG Ferguson	Ferguson	Sell	-21,670	-1.1%	$442.40M	1,969,891
Q3 2025	FLUT Flutter Entertainment	Flutter Entertainment	Sell	-24,761	-1.1%	$570.76M	2,247,096
Q3 2025	FWONK Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Buy - Position Entry	+1,166,139	-	$121.80M	1,166,139
Q3 2025	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-46,058	-1.1%	$1.02B	4,183,532
Q3 2025	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Sell	-139,605	-1.1%	$871.41M	12,664,026
Q3 2025	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-36,483	-1.1%	$558.17M	3,312,950
Q3 2025	ICLR ICON	ICON	Sell - Position Exit	-465,197	-100.0%	$0.00	-
Q3 2025	IQV IQVIA Holdings, Inc.	IQVIA Holdings, Inc.	Buy	+413,256	+27.3%	$366.00M	1,926,934
Q3 2025	LYV Live Nation Entertainment, Inc.	Live Nation Entertainment, Inc.	Sell	-30,626	-1.1%	$453.59M	2,775,959
Q3 2025	MCO Moody's Corporation	Moody's Corporation	Sell	-4,884	-1.1%	$210.61M	442,005
Q3 2025	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-13,800	-1.1%	$648.74M	1,252,524
Q3 2025	ORCL Oracle Corporation	Oracle Corporation	Sell	-9,315	-1.1%	$240.25M	854,258
Q3 2025	SPGI S&P Global Inc.	S&P Global Inc.	Sell	-19,189	-1.1%	$848.05M	1,742,415
Q3 2025	SSNC SS&C Technologies Holdings, Inc	SS&C Technologies Holdings, Inc	Sell	-46,590	-1.1%	$375.13M	4,226,357