William Von Mueffling - Cantillon Capital Management 13F Activity & Position Changes (Q2 2025)

As of Jun 30, 2025, the Cantillon Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Jul 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 Q2 2025, the filing reported:

New Buys - ICON

Increases - Adobe Inc., Alcon, BlackRock, Inc., Canadian Pacific Kansas City Li, Fastenal Company, and 3 more

Reductions - Agilent Technologies, Inc., Analog Devices, Inc., Applied Materials, Inc., American Tower Corporation (REI, Aon Plc, and 24 more

Complete Exits - None reported

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
Q2 2025	A Agilent Technologies, Inc.	Agilent Technologies, Inc.	Sell	-90,786	-2.8%	$368.93M	3,126,283
Q2 2025	ADBE Adobe Inc.	Adobe Inc.	Buy	+59,743	+7.5%	$331.41M	856,629
Q2 2025	ADI Analog Devices, Inc.	Analog Devices, Inc.	Sell	-63,214	-2.8%	$517.99M	2,176,247
Q2 2025	ALC Alcon	Alcon	Buy	+1,388,941	+94.8%	$251.90M	2,853,474
Q2 2025	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Sell	-86,690	-2.8%	$546.23M	2,983,740
Q2 2025	AMT American Tower Corporation (REI	American Tower Corporation (REI	Sell	-53,339	-2.8%	$405.76M	1,835,851
Q2 2025	AON Aon Plc	Aon Plc	Sell	-36,194	-2.8%	$445.01M	1,247,354
Q2 2025	AVGO Broadcom Inc.	Broadcom Inc.	Sell	-826,094	-13.1%	$1.51B	5,480,780
Q2 2025	BLK BlackRock, Inc.	BlackRock, Inc.	Buy	+48,173	+10.3%	$541.44M	516,027
Q2 2025	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-129,942	-2.8%	$627.15M	4,475,823
Q2 2025	CME CME Group Inc.	CME Group Inc.	Sell	-45,856	-2.8%	$435.02M	1,578,350
Q2 2025	CP Canadian Pacific Kansas City Li	Canadian Pacific Kansas City Li	Buy	+606,519	+16.8%	$334.51M	4,219,911
Q2 2025	ECL Ecolab Inc.	Ecolab Inc.	Sell	-31,926	-2.8%	$295.08M	1,095,150
Q2 2025	EFX Equifax, Inc.	Equifax, Inc.	Sell	-50,296	-2.8%	$448.65M	1,729,771
Q2 2025	ENTG Entegris, Inc.	Entegris, Inc.	Sell	-72,402	-2.9%	$198.86M	2,465,773
Q2 2025	FAST Fastenal Company	Fastenal Company	Buy	+4,513,985	+94.4%	$390.52M	9,298,033
Q2 2025	FERG Ferguson Enterprises Inc.	Ferguson Enterprises Inc.	Sell	-57,850	-2.8%	$433.66M	1,991,561
Q2 2025	FLUT Flutter Entertainment	Flutter Entertainment	Sell	-65,941	-2.8%	$649.21M	2,271,857
Q2 2025	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-122,838	-2.8%	$745.38M	4,229,590
Q2 2025	IBKR Interactive Brokers Group, Inc.	Interactive Brokers Group, Inc.	Buy	+9,509,805	+288.7%	$709.45M	12,803,631
Q2 2025	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Sell	-97,263	-2.8%	$614.52M	3,349,433
Q2 2025	ICLR ICON	ICON	Buy - Position Entry	+465,197	-	$67.66M	465,197
Q2 2025	IQV IQVIA Holdings, Inc.	IQVIA Holdings, Inc.	Sell	-490,756	-24.5%	$238.54M	1,513,678
Q2 2025	LYV Live Nation Entertainment, Inc.	Live Nation Entertainment, Inc.	Sell	-81,487	-2.8%	$424.58M	2,806,585
Q2 2025	MCO Moody's Corporation	Moody's Corporation	Sell	-12,968	-2.8%	$224.16M	446,889
Q2 2025	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-36,766	-2.8%	$629.88M	1,266,324
Q2 2025	ORCL Oracle Corporation	Oracle Corporation	Sell	-25,222	-2.8%	$188.80M	863,573
Q2 2025	SPGI S&P Global Inc.	S&P Global Inc.	Sell	-51,160	-2.8%	$928.88M	1,761,604
Q2 2025	SSNC SS&C Technologies Holdings, Inc	SS&C Technologies Holdings, Inc	Sell	-124,200	-2.8%	$353.80M	4,272,947
Q2 2025	TCOM Trip.com Group Limited	Trip.com Group Limited	Buy	+520,438	+14.6%	$240.26M	4,097,251

Page 1 of 2