John Armitage - Egerton Capital
Egerton Capital
Latest 13F filing
Q1 2026
filed May 13, 2026
Portfolio value
$9.01B
Positions
24
Top 10 concentration
68.7%
QoQ change
-2.1%
$-190.23M
Activity vs. Q4 2025
7
New positions
9
Added to
0
Unchanged
8
Reduced
38
Exited
Portfolio composition — Q1 2026
- VVISA INC13.8%
- GOOGALPHABET INC11.0%
- MCOMOODYS CORP7.5%
- LINLINDE PLC5.9%
- CRSCARPENTER TECHNOLOGY CORP5.8%
- AMZNAMAZON COM INC5.5%
- VMCVULCAN MATLS CO5.3%
- NVDANVIDIA CORPORATION5.2%
- IBKRINTERACTIVE BROKERS GROUP IN4.7%
- APHAMPHENOL CORP4.0%
- Other14 more positions31.3%
Top buys
New & added positions, by size
Holdings as of Q1 2026
| # | Ticker | Issuer | Shares | Value | % Portfolio | Reported price | Action | Δ Shares |
|---|---|---|---|---|---|---|---|---|
| 1 | V | VISA INC | 4,110,970 | $1.24B | 13.79% | $302.24 | ADD | +25.7% |
| 2 | GOOG | ALPHABET INC | 3,459,649 | $992.43M | 11.01% | $286.86 | ADD | +220.7% |
| 3 | MCO | MOODYS CORP | 1,545,670 | $674.30M | 7.48% | $436.25 | ADD | +99.9% |
| 4 | LIN | LINDE PLC | 1,068,371 | $529.66M | 5.88% | $495.76 | NEW | — |
| 5 | CRS | CARPENTER TECHNOLOGY CORP | 1,330,920 | $524.58M | 5.82% | $394.15 | REDUCE | -14.3% |
| 6 | AMZN | AMAZON COM INC | 2,363,334 | $492.21M | 5.46% | $208.27 | REDUCE | -59.9% |
| 7 | VMC | VULCAN MATLS CO | 1,769,216 | $481.76M | 5.35% | $272.30 | ADD | +84.3% |
| 8 | NVDA | NVIDIA CORPORATION | 2,675,018 | $466.52M | 5.18% | $174.40 | NEW | — |
| 9 | IBKR | INTERACTIVE BROKERS GROUP IN | 6,275,179 | $420.88M | 4.67% | $67.07 | REDUCE | -9.6% |
| 10 | APH | AMPHENOL CORP | 2,871,353 | $362.80M | 4.03% | $126.35 | REDUCE | -22.6% |
| 11 | CME | CME GROUP INC | 1,182,907 | $349.37M | 3.88% | $295.35 | ADD | +0.3% |
| 12 | UBER | UBER TECHNOLOGIES INC | 4,652,363 | $334.64M | 3.71% | $71.93 | ADD | +73.5% |
| 13 | DVN | DEVON ENERGY CORP NEW | 6,525,140 | $328.35M | 3.64% | $50.32 | NEW | — |
| 14 | CRH | CRH PLC | 2,759,331 | $290.06M | 3.22% | $105.12 | ADD | +22.0% |
| 15 | CNQ | CANADIAN NAT RES LTD MED TER | 5,690,211 | $277.06M | 3.07% | $48.69 | NEW | — |
| 16 | MA | MASTERCARD INCORPORATED | 459,652 | $229.67M | 2.55% | $499.66 | ADD | +0.3% |
| 17 | MDLN | MEDLINE INC | 4,365,802 | $194.28M | 2.16% | $44.50 | NEW | — |
| 18 | EMBJ | EMBRAER S.A. | 2,975,231 | $176.55M | 1.96% | $59.34 | REDUCE | -9.2% |
| 19 | FERG | FERGUSON ENTERPRISES INC | 634,258 | $147.95M | 1.64% | $233.26 | REDUCE | -37.1% |
| 20 | LAMR | LAMAR ADVERTISING CO | 1,088,744 | $137.90M | 1.53% | $126.66 | ADD | +50.8% |
| 21 | ACGL | ARCH CAP GROUP LTD | 1,116,922 | $107.21M | 1.19% | $95.99 | NEW | — |
| 22 | RNR | RENAISSANCERE HLDGS LTD | 317,308 | $94.31M | 1.05% | $297.23 | REDUCE | -35.3% |
| 23 | NYT | NEW YORK TIMES CO MTN BE | 971,884 | $81.38M | 0.90% | $83.73 | REDUCE | -31.1% |
| 24 | AWI | ARMSTRONG WORLD INDS INC NEW | 448,036 | $73.84M | 0.82% | $164.80 | NEW | — |
Positions exited in Q1 2026
| Ticker | Issuer | Prior shares |
|---|---|---|
| APG | API GROUP CORP | 0 |
| TRU | TRANSUNION | 0 |
| COF | CAPITAL ONE FINL CORP | 2,069,130 |
| CVE | CENOVUS ENERGY INC | 0 |
| LLY | ELI LILLY & CO | 0 |
| AAPL | APPLE INC | 0 |
| BLDR | BUILDERS FIRSTSOURCE INC | 0 |
| BSX | BOSTON SCIENTIFIC CORP | 5,385,084 |
| CNI | CANADIAN NATL RY CO | 0 |
| GE | GE AEROSPACE | 0 |
| BKNG | BOOKING HOLDINGS INC | 0 |
| ARMK | ARAMARK | 0 |
| CP | CANADIAN PACIFIC KANSAS CITY | 0 |
| STX | SEAGATE TECHNOLOGY HLDNGS PL | 729,325 |
| SN | SHARKNINJA INC | 0 |
| FCNCA | FIRST CTZNS BANCSHARES INC D | 0 |
| GEHC | GE HEALTHCARE TECHNOLOGIES I | 0 |
| HLT | HILTON WORLDWIDE HLDGS INC | 0 |
| PGR | PROGRESSIVE CORP | 0 |
| HDB | HDFC BANK LTD | 0 |
| META | META PLATFORMS INC | 0 |
| FSLR | FIRST SOLAR INC | 0 |
| FISV | FISERV INC | 0 |
| GEV | GE VERNOVA INC | 0 |
| MLM | MARTIN MARIETTA MATLS INC | 0 |
| HHH | HOWARD HUGHES HOLDINGS INC | 0 |
| IBN | ICICI BANK LIMITED | 0 |
| ICE | INTERCONTINENTAL EXCHANGE IN | 0 |
| LPLA | LPL FINL HLDGS INC | 254,813 |
| CB | CHUBB LIMITED | 0 |
| LAD | LITHIA MTRS INC | 0 |
| MSFT | MICROSOFT CORP | 1,748,656 |
| SHEL | SHELL PLC | 0 |
| XYZ | BLOCK INC | 0 |
| SLB | SCHLUMBERGER LTD | 0 |
| VRTX | VERTEX PHARMACEUTICALS INC | 0 |
| WYNN | WYNN RESORTS LTD | 2,069,751 |
| FLUT | FLUTTER ENTMT PLC | 0 |
Source: SEC EDGAR 13F-HR filing May 13, 2026. Reported prices are derived from the filing's value-to-shares ratio (effectively the quarter-end mark). Filings are published with a 45-day delay. CIK 0001581811.