William Von Mueffling - Cantillon Capital Management 13F Activity & Position Changes (Q3 2025)

According to the SEC 13F filed on Oct 30, 2025, the Cantillon Capital Management portfolio showed several notable changes in holdings as of quarter-end Sep 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 Enterprises Inc.	Ferguson Enterprises Inc.	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

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