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

According to the SEC 13F filed on Jul 30, 2025, the Cantillon Capital Management portfolio showed several notable changes in holdings as of quarter-end Jun 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, 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	BlackRock	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	Ferguson	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

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