John Armitage Egerton Capital (UK)
John Armitage is the chief investment officer of Egerton Capital, a London-based long/short equity firm. Egerton is known for fundamental research and a portfolio of high-quality global companies, often with a growth-at-a-reasonable-price tilt. Institutional investors follow the firm for its long track record in developed-market equities.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$512M |
| 2 |
CSX Corp
CSX
|
+$427M |
| 3 |
Booking.com
BKNG
|
+$348M |
| 4 |
Tenaris
TS
|
+$252M |
| 5 |
EA
Electronic Arts
EA
|
+$233M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$677M |
| 2 |
Southwest Airlines
LUV
|
+$588M |
| 3 |
Applied Materials
AMAT
|
+$448M |
| 4 |
Adobe
ADBE
|
+$215M |
| 5 |
HDFC Bank
HDB
|
+$166M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 22.36% |
| 2 | Technology | 20.33% |
| 3 | Financials | 18.25% |
| 4 | Industrials | 12.24% |
| 5 | Consumer Discretionary | 10.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WP
26
DELISTED
Worldpay, Inc.
WP
| $170M | 1.3% |
2,076,163
-1,155,888
| -36% | -$94.5M |
|
27
Labcorp
LH
$27.3B
| $151M | 1.15% |
+978,953
| New | +$148M |
|
28
Nutrien
NTR
$35.9B
| $145M | 1.11% |
+2,660,527
| New | +$132M |
|
29
Morgan Stanley
MS
$336B
| $125M | 0.95% |
2,628,323
-508,031
| -16% | -$26.5M |
|
|
30
Applied Materials
AMAT
$391B
| $110M | 0.84% |
2,373,671
-8,684,066
| -79% | -$448M |
|
31
Blackstone Mortgage Trust
BXMT
$2.41B
| $40.9M | 0.31% |
1,301,535
+2,602
| +0.2% | +$81.9K |
|
32
Alaska Air
ALK
$4.51B
| – | – |
-858,731
| Closed | -$53.2M |
|
33
Broadcom
AVGO
$1.75T
| – | – |
-7,039,640
| Closed | -$166M |
|
|
34
Charter Communications
CHTR
$17.9B
| – | – |
-2,174,268
| Closed | -$677M |
|
|
35
HDFC Bank
HDB
$121B
| – | – |
-6,727,984
| Closed | -$166M |
|
36
Honeywell
HON
$68.4B
| – | – |
-249,538
| Closed | -$32.6M |
|
|
37
Southwest Airlines
LUV
$19.8B
| – | – |
-10,259,924
| Closed | -$588M |
|
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John Armitage's Q2 2018 Portfolio in Review
As of Q2 2018, John Armitage held 37 positions worth $13.1B, up 6.4% from $12.3B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
John Armitage's Q2 2018 filing shows 5 new, 14 increased, 12 reduced and 6 closed positions. Its largest new stake was CSX Corp: 20,729,532 shares worth $441M. The largest sale was Charter Communications, an estimated $677M.
By sector, the portfolio is most concentrated in Communication Services at 22% of assets, up from 19% a quarter earlier, followed by Technology and Financials.
- John Armitage's largest Q2 2018 buy was CSX Corp: 20,729,532 shares worth $441M.
- John Armitage added most to Twenty-First Century Fox, Inc. Class A in Q2 2018, an estimated $512M increase.
- John Armitage's biggest Q2 2018 reduction was Applied Materials, cutting an estimated $448M.
- John Armitage fully exited Charter Communications in Q2 2018, selling an estimated $677M.
- John Armitage's ten largest holdings make up 54% of its $13.1B portfolio in Q2 2018.
- John Armitage opened 5 new positions and closed 6 in Q2 2018.
- John Armitage's portfolio value rose 6.4% quarter-over-quarter to $13.1B.
Based on Egerton Capital (UK)'s 13F filing for Q2 2018, filed 7 Aug 2018.