Egerton Capital (UK) LLP

Period:: Q1 2026
Portfolio date:: Mar 31, 2026
No. of stocks:: 24
Portfolio value:: $9,010,197,000
Filed:: May 13, 2026
CIK:: 1581811

Hist	Stock	Activity	Share change	% change to portfolio
Q1 2026filed May 13, 267 new7 added8 reduced6 exited
≡	AMZN – AMAZON COM INC	Reduce 60.00%	−3,529,162	−9.32
≡	MSFT – MICROSOFT CORP	Sell	−1,748,656	−9.19
≡	BSX – BOSTON SCIENTIFIC CORP	Sell	−5,385,084	−5.58
≡	COF – CAPITAL ONE FINL CORP	Sell	−2,069,130	−5.45
≡	WYNN – WYNN RESORTS LTD	Sell	−2,069,751	−2.71
≡	STX – SEAGATE TECHNOLOGY HLDNGS PL	Sell	−729,325	−2.18
≡	APH – AMPHENOL CORP	Reduce 23.00%	−836,558	−1.42
≡	LPLA – LPL FINL HLDGS INC	Sell	−254,813	−0.99
≡	FERG – FERGUSON ENTERPRISES INC	Reduce 37.00%	−374,056	−0.80
≡	CRS – CARPENTER TECHNOLOGY CORP	Reduce 14.00%	−222,092	0.51
≡	RNR – RENAISSANCERE HLDGS LTD	Reduce 35.00%	−173,318	−0.45
≡	EMBJ – EMBRAER S.A.	Reduce 9.00%	−302,909	−0.33
≡	IBKR – INTERACTIVE BROKERS GROUP IN	Reduce 10.00%	−664,402	−0.18
≡	NYT – NEW YORK TIMES CO MTN BE	Reduce 31.00%	−438,119	−0.16
Q4 2025filed Feb 11, 268 new5 added3 reduced9 exited
≡	PGR – PROGRESSIVE CORP	Sell	−2,588,638	−6.74
≡	META – META PLATFORMS INC	Sell	−541,167	−4.19
≡	FLUT – FLUTTER ENTMT PLC	Sell	−1,412,018	−3.78
≡	FERG – FERGUSON ENTERPRISES INC	Reduce 61.00%	−1,591,910	−3.72
≡	ACGL – ARCH CAP GROUP LTD	Sell	−3,507,882	−3.36
≡	CRH – CRH PLC	Reduce 47.00%	−1,999,786	−2.32
≡	HHH – INTERCONTINENTAL EXCHANGE IN	Sell	−1,036,199	−1.84
≡	STX – SEAGATE TECHNOLOGY HLDNGS PL	Reduce 54.00%	−863,658	−1.78
≡	CP – CANADIAN PACIFIC KANSAS CITY	Sell	−2,026,311	−1.59
≡	ARMK – ARAMARK	Sell	−3,204,201	−1.30
≡	TRU – TRANSUNION	Sell	−1,465,050	−1.29
≡	FCNCA – FIRST CTZNS BANCSHARES INC D	Sell	−47,384	−0.89
Q3 2025filed Nov 12, 253 new7 added9 reduced4 exited
≡	GE – GE AEROSPACE	Sell	−1,261,839	−3.33
≡	LPLA – LPL FINL HLDGS INC	Sell	−832,516	−3.20
≡	CP – CANADIAN PACIFIC KANSAS CITY	Reduce 56.00%	−2,530,870	−2.11
≡	CRS – CARPENTER TECHNOLOGY CORP	Reduce 28.00%	−534,734	−1.85
≡	GOOG – ALPHABET INC	Sell	−965,393	−1.76
≡	CRH – CRH PLC	Reduce 7.00%	−309,718	1.08
≡	CME – CME GROUP INC	Reduce 22.00%	−338,148	−0.93
≡	STX – SEAGATE TECHNOLOGY HLDNGS PL	Reduce 22.00%	−458,451	0.93
≡	FCNCA – FIRST CTZNS BANCSHARES INC D	Reduce 47.00%	−41,626	−0.89
≡	ACGL – ARCH CAP GROUP LTD	Reduce 17.00%	−733,084	−0.60
≡	COF – CAPITAL ONE FINL CORP	Reduce 11.00%	−255,803	−0.44
≡	BLDR – BUILDERS FIRSTSOURCE INC	Sell	−262,628	−0.31
≡	IBKR – INTERACTIVE BROKERS GROUP IN	Reduce 22.00%	−1,802,710	−0.04
Q2 2025filed Aug 12, 254 new9 added7 reduced6 exited
≡	FISV – FISERV INC	Sell	−2,381,496	−6.07
≡	LLY – ELI LILLY & CO	Sell	−492,808	−4.70
≡	IBN – ICICI BANK LIMITED	Sell	−5,031,304	−1.83
≡	AMZN – AMAZON COM INC	Reduce 21.00%	−884,482	−1.76
≡	FLUT – FLUTTER ENTMT PLC	Reduce 34.00%	−743,883	−1.36
≡	GOOG – ALPHABET INC	Reduce 42.00%	−700,315	−1.25
≡	HHH – HOWARD HUGHES HOLDINGS INC	Sell	−1,196,288	−1.02
≡	CME – CME GROUP INC	Reduce 12.00%	−207,258	−0.99
≡	MLM – MARTIN MARIETTA MATLS INC	Sell	−165,338	−0.91
≡	FCNCA – FIRST CTZNS BANCSHARES INC N	Reduce 29.00%	−35,763	−0.88
≡	HDB – HDFC BANK LTD	Sell	−1,116,493	−0.86
≡	META – META PLATFORMS INC	Reduce 26.00%	−191,160	−0.76
≡	GE – GE AEROSPACE	Reduce 16.00%	−235,515	−0.13
Q1 2025filed May 6, 252 new13 added6 reduced5 exited
≡	GEHC – GE HEALTHCARE TECHNOLOGIES I	Sell	−4,572,382	−4.13
≡	RNR – RENAISSANCERE HLDGS LTD	Sell	−1,294,662	−3.73
≡	MSFT – MICROSOFT CORP	Reduce 24.00%	−429,476	−2.82
≡	CP – CANADIAN PACIFIC KANSAS CITY	Reduce 41.00%	−2,911,090	−2.55
≡	EMBJ – EMBRAER S.A.	Sell	−3,634,426	−1.54
≡	COF – CAPITAL ONE FINL CORP	Reduce 43.00%	−673,836	−1.38
≡	LAD – LITHIA MTRS INC	Sell	−316,845	−1.31
≡	GE – GE AEROSPACE	Reduce 38.00%	−907,203	−1.18
≡	BKNG – BOOKING HOLDINGS INC	Sell	−12,235	−0.70
≡	META – META PLATFORMS INC	Reduce 7.00%	−58,987	−0.49
≡	IBN – ICICI BANK LIMITED	Reduce 21.00%	−1,354,572	−0.38
Q4 2024filed Feb 10, 258 new3 added13 reduced8 exited
≡	UBER – UBER TECHNOLOGIES INC	Sell	−3,380,958	−2.56
≡	GOOG – ALPHABET INC	Reduce 55.00%	−1,784,517	−2.25
≡	FCNCA – FIRST CTZNS BANCSHARES INC N	Reduce 59.00%	−146,291	−2.12
≡	BKNG – BOOKING HOLDINGS INC	Reduce 81.00%	−52,077	−2.03
≡	GEV – GE VERNOVA INC	Sell	−597,858	−1.54
≡	RNR – RENAISSANCERE HLDGS LTD	Reduce 32.00%	−599,750	−1.48
≡	GEHC – GE HEALTHCARE TECHNOLOGIES I	Reduce 20.00%	−1,107,639	−1.25
≡	IBKR – INTERACTIVE BROKERS GROUP IN	Reduce 45.00%	−1,534,340	−0.98
≡	HLT – HILTON WORLDWIDE HLDGS INC	Sell	−405,318	−0.94
≡	FSLR – FIRST SOLAR INC	Sell	−348,161	−0.88
≡	CP – CANADIAN PACIFIC KANSAS CITY	Reduce 10.00%	−779,026	−0.86
≡	FISV – FISERV INC	Reduce 10.00%	−253,886	0.85
≡	MA – MASTERCARD INCORPORATED	Reduce 39.00%	−245,978	−0.80
≡	MLM – MARTIN MARIETTA MATLS INC	Reduce 60.00%	−122,398	−0.62
≡	VRTX – VERTEX PHARMACEUTICALS INC	Sell	−124,045	−0.58
≡	META – META PLATFORMS INC	Reduce 22.00%	−227,047	−0.51
≡	AAPL – APPLE INC	Sell	−201,738	−0.47
≡	CB – CHUBB LIMITED	Sell	−148,764	−0.43
≡	AMZN – AMAZON COM INC	Reduce 22.00%	−659,947	0.34
≡	SN – SHARKNINJA INC	Sell	−177,193	−0.19
≡	V – VISA INC	Reduce 27.00%	−317,207	−0.12
Q3 2024filed Nov 5, 246 new7 added14 reduced2 exited
≡	CNI – CANADIAN NATL RY CO	Sell	−4,066,666	−4.85
≡	V – VISA INC	Reduce 54.00%	−1,374,073	−3.49
≡	CVE – CENOVUS ENERGY INC	Sell	−10,322,992	−2.05
≡	AMZN – AMAZON COM INC	Reduce 21.00%	−827,315	−1.83
≡	BKNG – BOOKING HOLDINGS INC	Reduce 42.00%	−46,815	−1.71
≡	META – META PLATFORMS INC	Reduce 23.00%	−311,176	−0.88
≡	FSLR – FIRST SOLAR INC	Reduce 51.00%	−361,677	−0.74
≡	CP – CANADIAN PACIFIC KANSAS CITY	Reduce 15.00%	−1,380,900	−0.56
≡	FISV – FISERV INC	Reduce 6.00%	−158,255	0.56
≡	IBN – ICICI BANK LIMITED	Reduce 28.00%	−1,577,354	−0.42
≡	GEHC – GE HEALTHCARE TECHNOLOGIES I	Reduce 23.00%	−1,677,864	−0.41
≡	SN – SHARKNINJA INC	Reduce 73.00%	−479,854	−0.30
≡	FCNCA – FIRST CTZNS BANCSHARES INC N	Reduce 12.00%	−34,421	−0.19
≡	GEV – GE VERNOVA INC	Reduce 24.00%	−186,650	0.18
≡	HLT – HILTON WORLDWIDE HLDGS INC	Reduce 18.00%	−88,231	−0.14
≡	GE – GE AEROSPACE	Reduce 18.00%	−416,456	−0.09
Q2 2024filed Aug 13, 246 new5 added12 reduced2 exited
≡	CNI – CANADIAN NATL RY CO	Reduce 32.00%	−1,939,582	−2.79
≡	GE – GE AEROSPACE	Reduce 30.00%	−998,532	−1.91
≡	GEHC – GE HEALTHCARE TECHNOLOGIES I	Reduce 15.00%	−1,348,969	−1.86
≡	HLT – HILTON WORLDWIDE HLDGS INC	Reduce 61.00%	−788,157	−1.55
≡	XYZ – BLOCK INC	Sell	−1,900,407	−1.55
≡	APG – API GROUP CORP	Sell	−4,079,597	−1.55
≡	CP – CANADIAN PACIFIC KANSAS CITY	Reduce 7.00%	−715,316	−1.14
≡	FISV – FISERV INC	Reduce 19.00%	−655,536	−1.12
≡	AMZN – AMAZON COM INC	Reduce 22.00%	−1,096,811	−1.10
≡	CVE – CENOVUS ENERGY INC	Reduce 26.00%	−3,644,951	−0.65
≡	V – VISA INC	Reduce 7.00%	−181,208	−0.61
≡	CRH – CRH PLC	Reduce 7.00%	−295,084	−0.55
≡	IBN – ICICI BANK LIMITED	Reduce 9.00%	−522,571	0.06
≡	META – META PLATFORMS INC	Reduce 7.00%	−101,472	0.06
Q1 2024filed May 13, 243 new6 added9 reduced3 exited
≡	V – VISA INC	Reduce 25.00%	−933,144	−2.97
≡	HDB – HDFC BANK LTD	Sell	−2,823,924	−2.05
≡	SLB – SCHLUMBERGER LTD	Sell	−3,295,155	−1.86
≡	IBN – ICICI BANK LIMITED	Reduce 51.00%	−6,256,660	−1.63
≡	GOOG – ALPHABET INC	Reduce 28.00%	−972,954	−1.62
≡	MSFT – MICROSOFT CORP	Reduce 19.00%	−333,900	−1.37
≡	BKNG – BOOKING HOLDINGS INC	Reduce 25.00%	−26,982	−1.31
≡	CP – CANADIAN PACIFIC KANSAS CITY	Reduce 13.00%	−1,448,339	−1.28
≡	RYDAF – SHELL PLC	Sell	−1,173,260	−0.84
≡	MA – MASTERCARD INCORPORATED	Reduce 30.00%	−161,911	−0.74
≡	GE – GENERAL ELECTRIC CO	Reduce 22.00%	−931,163	−0.23
≡	META – META PLATFORMS INC	Reduce 20.00%	−359,908	−0.14

Hist	Stock	Activity	Share change	% change to portfolio
Q1 2026filed May 13, 267 new7 added8 reduced6 exited
≡	AMZN – AMAZON COM INC	Reduce 60.00%	−3,529,162	−9.32
≡	MSFT – MICROSOFT CORP	Sell	−1,748,656	−9.19
≡	BSX – BOSTON SCIENTIFIC CORP	Sell	−5,385,084	−5.58
≡	COF – CAPITAL ONE FINL CORP	Sell	−2,069,130	−5.45
≡	WYNN – WYNN RESORTS LTD	Sell	−2,069,751	−2.71
≡	STX – SEAGATE TECHNOLOGY HLDNGS PL	Sell	−729,325	−2.18
≡	APH – AMPHENOL CORP	Reduce 23.00%	−836,558	−1.42
≡	LPLA – LPL FINL HLDGS INC	Sell	−254,813	−0.99
≡	FERG – FERGUSON ENTERPRISES INC	Reduce 37.00%	−374,056	−0.80
≡	CRS – CARPENTER TECHNOLOGY CORP	Reduce 14.00%	−222,092	0.51
≡	RNR – RENAISSANCERE HLDGS LTD	Reduce 35.00%	−173,318	−0.45
≡	EMBJ – EMBRAER S.A.	Reduce 9.00%	−302,909	−0.33
≡	IBKR – INTERACTIVE BROKERS GROUP IN	Reduce 10.00%	−664,402	−0.18
≡	NYT – NEW YORK TIMES CO MTN BE	Reduce 31.00%	−438,119	−0.16
Q4 2025filed Feb 11, 268 new5 added3 reduced9 exited
≡	PGR – PROGRESSIVE CORP	Sell	−2,588,638	−6.74
≡	META – META PLATFORMS INC	Sell	−541,167	−4.19
≡	FLUT – FLUTTER ENTMT PLC	Sell	−1,412,018	−3.78
≡	FERG – FERGUSON ENTERPRISES INC	Reduce 61.00%	−1,591,910	−3.72
≡	ACGL – ARCH CAP GROUP LTD	Sell	−3,507,882	−3.36
≡	CRH – CRH PLC	Reduce 47.00%	−1,999,786	−2.32
≡	HHH – INTERCONTINENTAL EXCHANGE IN	Sell	−1,036,199	−1.84
≡	STX – SEAGATE TECHNOLOGY HLDNGS PL	Reduce 54.00%	−863,658	−1.78
≡	CP – CANADIAN PACIFIC KANSAS CITY	Sell	−2,026,311	−1.59
≡	ARMK – ARAMARK	Sell	−3,204,201	−1.30
≡	TRU – TRANSUNION	Sell	−1,465,050	−1.29
≡	FCNCA – FIRST CTZNS BANCSHARES INC D	Sell	−47,384	−0.89
Q3 2025filed Nov 12, 253 new7 added9 reduced4 exited
≡	GE – GE AEROSPACE	Sell	−1,261,839	−3.33
≡	LPLA – LPL FINL HLDGS INC	Sell	−832,516	−3.20
≡	CP – CANADIAN PACIFIC KANSAS CITY	Reduce 56.00%	−2,530,870	−2.11
≡	CRS – CARPENTER TECHNOLOGY CORP	Reduce 28.00%	−534,734	−1.85
≡	GOOG – ALPHABET INC	Sell	−965,393	−1.76
≡	CRH – CRH PLC	Reduce 7.00%	−309,718	1.08
≡	CME – CME GROUP INC	Reduce 22.00%	−338,148	−0.93
≡	STX – SEAGATE TECHNOLOGY HLDNGS PL	Reduce 22.00%	−458,451	0.93
≡	FCNCA – FIRST CTZNS BANCSHARES INC D	Reduce 47.00%	−41,626	−0.89
≡	ACGL – ARCH CAP GROUP LTD	Reduce 17.00%	−733,084	−0.60
≡	COF – CAPITAL ONE FINL CORP	Reduce 11.00%	−255,803	−0.44
≡	BLDR – BUILDERS FIRSTSOURCE INC	Sell	−262,628	−0.31
≡	IBKR – INTERACTIVE BROKERS GROUP IN	Reduce 22.00%	−1,802,710	−0.04
Q2 2025filed Aug 12, 254 new9 added7 reduced6 exited
≡	FISV – FISERV INC	Sell	−2,381,496	−6.07
≡	LLY – ELI LILLY & CO	Sell	−492,808	−4.70
≡	IBN – ICICI BANK LIMITED	Sell	−5,031,304	−1.83
≡	AMZN – AMAZON COM INC	Reduce 21.00%	−884,482	−1.76
≡	FLUT – FLUTTER ENTMT PLC	Reduce 34.00%	−743,883	−1.36
≡	GOOG – ALPHABET INC	Reduce 42.00%	−700,315	−1.25
≡	HHH – HOWARD HUGHES HOLDINGS INC	Sell	−1,196,288	−1.02
≡	CME – CME GROUP INC	Reduce 12.00%	−207,258	−0.99
≡	MLM – MARTIN MARIETTA MATLS INC	Sell	−165,338	−0.91
≡	FCNCA – FIRST CTZNS BANCSHARES INC N	Reduce 29.00%	−35,763	−0.88
≡	HDB – HDFC BANK LTD	Sell	−1,116,493	−0.86
≡	META – META PLATFORMS INC	Reduce 26.00%	−191,160	−0.76
≡	GE – GE AEROSPACE	Reduce 16.00%	−235,515	−0.13
Q1 2025filed May 6, 252 new13 added6 reduced5 exited
≡	GEHC – GE HEALTHCARE TECHNOLOGIES I	Sell	−4,572,382	−4.13
≡	RNR – RENAISSANCERE HLDGS LTD	Sell	−1,294,662	−3.73
≡	MSFT – MICROSOFT CORP	Reduce 24.00%	−429,476	−2.82
≡	CP – CANADIAN PACIFIC KANSAS CITY	Reduce 41.00%	−2,911,090	−2.55
≡	EMBJ – EMBRAER S.A.	Sell	−3,634,426	−1.54
≡	COF – CAPITAL ONE FINL CORP	Reduce 43.00%	−673,836	−1.38
≡	LAD – LITHIA MTRS INC	Sell	−316,845	−1.31
≡	GE – GE AEROSPACE	Reduce 38.00%	−907,203	−1.18
≡	BKNG – BOOKING HOLDINGS INC	Sell	−12,235	−0.70
≡	META – META PLATFORMS INC	Reduce 7.00%	−58,987	−0.49
≡	IBN – ICICI BANK LIMITED	Reduce 21.00%	−1,354,572	−0.38
Q4 2024filed Feb 10, 258 new3 added13 reduced8 exited
≡	UBER – UBER TECHNOLOGIES INC	Sell	−3,380,958	−2.56
≡	GOOG – ALPHABET INC	Reduce 55.00%	−1,784,517	−2.25
≡	FCNCA – FIRST CTZNS BANCSHARES INC N	Reduce 59.00%	−146,291	−2.12
≡	BKNG – BOOKING HOLDINGS INC	Reduce 81.00%	−52,077	−2.03
≡	GEV – GE VERNOVA INC	Sell	−597,858	−1.54
≡	RNR – RENAISSANCERE HLDGS LTD	Reduce 32.00%	−599,750	−1.48
≡	GEHC – GE HEALTHCARE TECHNOLOGIES I	Reduce 20.00%	−1,107,639	−1.25
≡	IBKR – INTERACTIVE BROKERS GROUP IN	Reduce 45.00%	−1,534,340	−0.98
≡	HLT – HILTON WORLDWIDE HLDGS INC	Sell	−405,318	−0.94
≡	FSLR – FIRST SOLAR INC	Sell	−348,161	−0.88
≡	CP – CANADIAN PACIFIC KANSAS CITY	Reduce 10.00%	−779,026	−0.86
≡	FISV – FISERV INC	Reduce 10.00%	−253,886	0.85
≡	MA – MASTERCARD INCORPORATED	Reduce 39.00%	−245,978	−0.80
≡	MLM – MARTIN MARIETTA MATLS INC	Reduce 60.00%	−122,398	−0.62
≡	VRTX – VERTEX PHARMACEUTICALS INC	Sell	−124,045	−0.58
≡	META – META PLATFORMS INC	Reduce 22.00%	−227,047	−0.51
≡	AAPL – APPLE INC	Sell	−201,738	−0.47
≡	CB – CHUBB LIMITED	Sell	−148,764	−0.43
≡	AMZN – AMAZON COM INC	Reduce 22.00%	−659,947	0.34
≡	SN – SHARKNINJA INC	Sell	−177,193	−0.19
≡	V – VISA INC	Reduce 27.00%	−317,207	−0.12
Q3 2024filed Nov 5, 246 new7 added14 reduced2 exited
≡	CNI – CANADIAN NATL RY CO	Sell	−4,066,666	−4.85
≡	V – VISA INC	Reduce 54.00%	−1,374,073	−3.49
≡	CVE – CENOVUS ENERGY INC	Sell	−10,322,992	−2.05
≡	AMZN – AMAZON COM INC	Reduce 21.00%	−827,315	−1.83
≡	BKNG – BOOKING HOLDINGS INC	Reduce 42.00%	−46,815	−1.71
≡	META – META PLATFORMS INC	Reduce 23.00%	−311,176	−0.88
≡	FSLR – FIRST SOLAR INC	Reduce 51.00%	−361,677	−0.74
≡	CP – CANADIAN PACIFIC KANSAS CITY	Reduce 15.00%	−1,380,900	−0.56
≡	FISV – FISERV INC	Reduce 6.00%	−158,255	0.56
≡	IBN – ICICI BANK LIMITED	Reduce 28.00%	−1,577,354	−0.42
≡	GEHC – GE HEALTHCARE TECHNOLOGIES I	Reduce 23.00%	−1,677,864	−0.41
≡	SN – SHARKNINJA INC	Reduce 73.00%	−479,854	−0.30
≡	FCNCA – FIRST CTZNS BANCSHARES INC N	Reduce 12.00%	−34,421	−0.19
≡	GEV – GE VERNOVA INC	Reduce 24.00%	−186,650	0.18
≡	HLT – HILTON WORLDWIDE HLDGS INC	Reduce 18.00%	−88,231	−0.14
≡	GE – GE AEROSPACE	Reduce 18.00%	−416,456	−0.09
Q2 2024filed Aug 13, 246 new5 added12 reduced2 exited
≡	CNI – CANADIAN NATL RY CO	Reduce 32.00%	−1,939,582	−2.79
≡	GE – GE AEROSPACE	Reduce 30.00%	−998,532	−1.91
≡	GEHC – GE HEALTHCARE TECHNOLOGIES I	Reduce 15.00%	−1,348,969	−1.86
≡	HLT – HILTON WORLDWIDE HLDGS INC	Reduce 61.00%	−788,157	−1.55
≡	XYZ – BLOCK INC	Sell	−1,900,407	−1.55
≡	APG – API GROUP CORP	Sell	−4,079,597	−1.55
≡	CP – CANADIAN PACIFIC KANSAS CITY	Reduce 7.00%	−715,316	−1.14
≡	FISV – FISERV INC	Reduce 19.00%	−655,536	−1.12
≡	AMZN – AMAZON COM INC	Reduce 22.00%	−1,096,811	−1.10
≡	CVE – CENOVUS ENERGY INC	Reduce 26.00%	−3,644,951	−0.65
≡	V – VISA INC	Reduce 7.00%	−181,208	−0.61
≡	CRH – CRH PLC	Reduce 7.00%	−295,084	−0.55
≡	IBN – ICICI BANK LIMITED	Reduce 9.00%	−522,571	0.06
≡	META – META PLATFORMS INC	Reduce 7.00%	−101,472	0.06
Q1 2024filed May 13, 243 new6 added9 reduced3 exited
≡	V – VISA INC	Reduce 25.00%	−933,144	−2.97
≡	HDB – HDFC BANK LTD	Sell	−2,823,924	−2.05
≡	SLB – SCHLUMBERGER LTD	Sell	−3,295,155	−1.86
≡	IBN – ICICI BANK LIMITED	Reduce 51.00%	−6,256,660	−1.63
≡	GOOG – ALPHABET INC	Reduce 28.00%	−972,954	−1.62
≡	MSFT – MICROSOFT CORP	Reduce 19.00%	−333,900	−1.37
≡	BKNG – BOOKING HOLDINGS INC	Reduce 25.00%	−26,982	−1.31
≡	CP – CANADIAN PACIFIC KANSAS CITY	Reduce 13.00%	−1,448,339	−1.28
≡	RYDAF – SHELL PLC	Sell	−1,173,260	−0.84
≡	MA – MASTERCARD INCORPORATED	Reduce 30.00%	−161,911	−0.74
≡	GE – GENERAL ELECTRIC CO	Reduce 22.00%	−931,163	−0.23
≡	META – META PLATFORMS INC	Reduce 20.00%	−359,908	−0.14

Hist

Stock

Activity

Share change

% change to portfolio

Q1 2026filed May 13, 267 new7 added8 reduced6 exited

≡

AMZN – AMAZON COM INC

Reduce 60.00%

−3,529,162

−9.32

≡

MSFT – MICROSOFT CORP

Sell

−1,748,656

−9.19

≡

BSX – BOSTON SCIENTIFIC CORP

Sell

−5,385,084

−5.58

≡

COF – CAPITAL ONE FINL CORP

Sell

−2,069,130

−5.45

≡

WYNN – WYNN RESORTS LTD

Sell

−2,069,751

−2.71

≡

STX – SEAGATE TECHNOLOGY HLDNGS PL

Sell

−729,325

−2.18

≡

APH – AMPHENOL CORP

Reduce 23.00%

−836,558

−1.42

≡

LPLA – LPL FINL HLDGS INC

Sell

−254,813

−0.99

≡

FERG – FERGUSON ENTERPRISES INC

Reduce 37.00%

−374,056

−0.80

≡

CRS – CARPENTER TECHNOLOGY CORP

Reduce 14.00%

−222,092

0.51

≡

RNR – RENAISSANCERE HLDGS LTD

Reduce 35.00%

−173,318

−0.45

≡

EMBJ – EMBRAER S.A.

Reduce 9.00%

−302,909

−0.33

≡

IBKR – INTERACTIVE BROKERS GROUP IN

Reduce 10.00%

−664,402

−0.18

≡

NYT – NEW YORK TIMES CO MTN BE

Reduce 31.00%

−438,119

−0.16

Q4 2025filed Feb 11, 268 new5 added3 reduced9 exited

≡

PGR – PROGRESSIVE CORP

Sell

−2,588,638

−6.74

≡

META – META PLATFORMS INC

Sell

−541,167

−4.19

≡

FLUT – FLUTTER ENTMT PLC

Sell

−1,412,018

−3.78

≡

FERG – FERGUSON ENTERPRISES INC

Reduce 61.00%

−1,591,910

−3.72

≡

ACGL – ARCH CAP GROUP LTD

Sell

−3,507,882

−3.36

≡

CRH – CRH PLC

Reduce 47.00%

−1,999,786

−2.32

≡

HHH – INTERCONTINENTAL EXCHANGE IN

Sell

−1,036,199

−1.84

≡

STX – SEAGATE TECHNOLOGY HLDNGS PL

Reduce 54.00%

−863,658

−1.78

≡

CP – CANADIAN PACIFIC KANSAS CITY

Sell

−2,026,311

−1.59

≡

ARMK – ARAMARK

Sell

−3,204,201

−1.30

≡

TRU – TRANSUNION

Sell

−1,465,050

−1.29

≡

FCNCA – FIRST CTZNS BANCSHARES INC D

Sell

−47,384

−0.89

Q3 2025filed Nov 12, 253 new7 added9 reduced4 exited

≡

GE – GE AEROSPACE

Sell

−1,261,839

−3.33

≡

LPLA – LPL FINL HLDGS INC

Sell

−832,516

−3.20

≡

CP – CANADIAN PACIFIC KANSAS CITY

Reduce 56.00%

−2,530,870

−2.11

≡

CRS – CARPENTER TECHNOLOGY CORP

Reduce 28.00%

−534,734

−1.85

≡

GOOG – ALPHABET INC

Sell

−965,393

−1.76

≡

CRH – CRH PLC

Reduce 7.00%

−309,718

1.08

≡

CME – CME GROUP INC

Reduce 22.00%

−338,148

−0.93

≡

STX – SEAGATE TECHNOLOGY HLDNGS PL

Reduce 22.00%

−458,451

0.93

≡

FCNCA – FIRST CTZNS BANCSHARES INC D

Reduce 47.00%

−41,626

−0.89

≡

ACGL – ARCH CAP GROUP LTD

Reduce 17.00%

−733,084

−0.60

≡

COF – CAPITAL ONE FINL CORP

Reduce 11.00%

−255,803

−0.44

≡

BLDR – BUILDERS FIRSTSOURCE INC

Sell

−262,628

−0.31

≡

IBKR – INTERACTIVE BROKERS GROUP IN

Reduce 22.00%

−1,802,710

−0.04

Q2 2025filed Aug 12, 254 new9 added7 reduced6 exited

≡

FISV – FISERV INC

Sell

−2,381,496

−6.07

≡

LLY – ELI LILLY & CO

Sell

−492,808

−4.70

≡

IBN – ICICI BANK LIMITED

Sell

−5,031,304

−1.83

≡

AMZN – AMAZON COM INC

Reduce 21.00%

−884,482

−1.76

≡

FLUT – FLUTTER ENTMT PLC

Reduce 34.00%

−743,883

−1.36

≡

GOOG – ALPHABET INC

Reduce 42.00%

−700,315

−1.25

≡

HHH – HOWARD HUGHES HOLDINGS INC

Sell

−1,196,288

−1.02

≡

CME – CME GROUP INC

Reduce 12.00%

−207,258

−0.99

≡

MLM – MARTIN MARIETTA MATLS INC

Sell

−165,338

−0.91

≡

FCNCA – FIRST CTZNS BANCSHARES INC N

Reduce 29.00%

−35,763

−0.88

≡

HDB – HDFC BANK LTD

Sell

−1,116,493

−0.86

≡

META – META PLATFORMS INC

Reduce 26.00%

−191,160

−0.76

≡

GE – GE AEROSPACE

Reduce 16.00%

−235,515

−0.13

Q1 2025filed May 6, 252 new13 added6 reduced5 exited

≡

GEHC – GE HEALTHCARE TECHNOLOGIES I

Sell

−4,572,382

−4.13

≡

RNR – RENAISSANCERE HLDGS LTD

Sell

−1,294,662

−3.73

≡

MSFT – MICROSOFT CORP

Reduce 24.00%

−429,476

−2.82

≡

CP – CANADIAN PACIFIC KANSAS CITY

Reduce 41.00%

−2,911,090

−2.55

≡

EMBJ – EMBRAER S.A.

Sell

−3,634,426

−1.54

≡

COF – CAPITAL ONE FINL CORP

Reduce 43.00%

−673,836

−1.38

≡

LAD – LITHIA MTRS INC

Sell

−316,845

−1.31

≡

GE – GE AEROSPACE

Reduce 38.00%

−907,203

−1.18

≡

BKNG – BOOKING HOLDINGS INC

Sell

−12,235

−0.70

≡

META – META PLATFORMS INC

Reduce 7.00%

−58,987

−0.49

≡

IBN – ICICI BANK LIMITED

Reduce 21.00%

−1,354,572

−0.38

Q4 2024filed Feb 10, 258 new3 added13 reduced8 exited

≡

UBER – UBER TECHNOLOGIES INC

Sell

−3,380,958

−2.56

≡

GOOG – ALPHABET INC

Reduce 55.00%

−1,784,517

−2.25

≡

FCNCA – FIRST CTZNS BANCSHARES INC N

Reduce 59.00%

−146,291

−2.12

≡

BKNG – BOOKING HOLDINGS INC

Reduce 81.00%

−52,077

−2.03

≡

GEV – GE VERNOVA INC

Sell

−597,858

−1.54

≡

RNR – RENAISSANCERE HLDGS LTD

Reduce 32.00%

−599,750

−1.48

≡

GEHC – GE HEALTHCARE TECHNOLOGIES I

Reduce 20.00%

−1,107,639

−1.25

≡

IBKR – INTERACTIVE BROKERS GROUP IN

Reduce 45.00%

−1,534,340

−0.98

≡

HLT – HILTON WORLDWIDE HLDGS INC

Sell

−405,318

−0.94

≡

FSLR – FIRST SOLAR INC

Sell

−348,161

−0.88

≡

CP – CANADIAN PACIFIC KANSAS CITY

Reduce 10.00%

−779,026

−0.86

≡

FISV – FISERV INC

Reduce 10.00%

−253,886

0.85

≡

MA – MASTERCARD INCORPORATED

Reduce 39.00%

−245,978

−0.80

≡

MLM – MARTIN MARIETTA MATLS INC

Reduce 60.00%

−122,398

−0.62

≡

VRTX – VERTEX PHARMACEUTICALS INC

Sell

−124,045

−0.58

≡

META – META PLATFORMS INC

Reduce 22.00%

−227,047

−0.51

≡

AAPL – APPLE INC

Sell

−201,738

−0.47

≡

CB – CHUBB LIMITED

Sell

−148,764

−0.43

≡

AMZN – AMAZON COM INC

Reduce 22.00%

−659,947

0.34

≡

SN – SHARKNINJA INC

Sell

−177,193

−0.19

≡

V – VISA INC

Reduce 27.00%

−317,207

−0.12

Q3 2024filed Nov 5, 246 new7 added14 reduced2 exited

≡

CNI – CANADIAN NATL RY CO

Sell

−4,066,666

−4.85

≡

V – VISA INC

Reduce 54.00%

−1,374,073

−3.49

≡

CVE – CENOVUS ENERGY INC

Sell

−10,322,992

−2.05

≡

AMZN – AMAZON COM INC

Reduce 21.00%

−827,315

−1.83

≡

BKNG – BOOKING HOLDINGS INC

Reduce 42.00%

−46,815

−1.71

≡

META – META PLATFORMS INC

Reduce 23.00%

−311,176

−0.88

≡

FSLR – FIRST SOLAR INC

Reduce 51.00%

−361,677

−0.74

≡

CP – CANADIAN PACIFIC KANSAS CITY

Reduce 15.00%

−1,380,900

−0.56

≡

FISV – FISERV INC

Reduce 6.00%

−158,255

0.56

≡

IBN – ICICI BANK LIMITED

Reduce 28.00%

−1,577,354

−0.42

≡

GEHC – GE HEALTHCARE TECHNOLOGIES I

Reduce 23.00%

−1,677,864

−0.41

≡

SN – SHARKNINJA INC

Reduce 73.00%

−479,854

−0.30

≡

FCNCA – FIRST CTZNS BANCSHARES INC N

Reduce 12.00%

−34,421

−0.19

≡

GEV – GE VERNOVA INC

Reduce 24.00%

−186,650

0.18

≡

HLT – HILTON WORLDWIDE HLDGS INC

Reduce 18.00%

−88,231

−0.14

≡

GE – GE AEROSPACE

Reduce 18.00%

−416,456

−0.09

Q2 2024filed Aug 13, 246 new5 added12 reduced2 exited

≡

CNI – CANADIAN NATL RY CO

Reduce 32.00%

−1,939,582

−2.79

≡

GE – GE AEROSPACE

Reduce 30.00%

−998,532

−1.91

≡

GEHC – GE HEALTHCARE TECHNOLOGIES I

Reduce 15.00%

−1,348,969

−1.86

≡

HLT – HILTON WORLDWIDE HLDGS INC

Reduce 61.00%

−788,157

−1.55

≡

XYZ – BLOCK INC

Sell

−1,900,407

−1.55

≡

APG – API GROUP CORP

Sell

−4,079,597

−1.55

≡

CP – CANADIAN PACIFIC KANSAS CITY

Reduce 7.00%

−715,316

−1.14

≡

FISV – FISERV INC

Reduce 19.00%

−655,536

−1.12

≡

AMZN – AMAZON COM INC

Reduce 22.00%

−1,096,811

−1.10

≡

CVE – CENOVUS ENERGY INC

Reduce 26.00%

−3,644,951

−0.65

≡

V – VISA INC

Reduce 7.00%

−181,208

−0.61

≡

CRH – CRH PLC

Reduce 7.00%

−295,084

−0.55

≡

IBN – ICICI BANK LIMITED

Reduce 9.00%

−522,571

0.06

≡

META – META PLATFORMS INC

Reduce 7.00%

−101,472

0.06

Q1 2024filed May 13, 243 new6 added9 reduced3 exited

≡

V – VISA INC

Reduce 25.00%

−933,144

−2.97

≡

HDB – HDFC BANK LTD

Sell

−2,823,924

−2.05

≡

SLB – SCHLUMBERGER LTD

Sell

−3,295,155

−1.86

≡

IBN – ICICI BANK LIMITED

Reduce 51.00%

−6,256,660

−1.63

≡

GOOG – ALPHABET INC

Reduce 28.00%

−972,954

−1.62

≡

MSFT – MICROSOFT CORP

Reduce 19.00%

−333,900

−1.37

≡

BKNG – BOOKING HOLDINGS INC

Reduce 25.00%

−26,982

−1.31

≡

CP – CANADIAN PACIFIC KANSAS CITY

Reduce 13.00%

−1,448,339

−1.28

≡

RYDAF – SHELL PLC

Sell

−1,173,260

−0.84

≡

MA – MASTERCARD INCORPORATED

Reduce 30.00%

−161,911

−0.74

≡

GE – GENERAL ELECTRIC CO

Reduce 22.00%

−931,163

−0.23

≡

META – META PLATFORMS INC

Reduce 20.00%

−359,908

−0.14