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 |
Alphabet (Google) Class C
GOOG
|
+$282M |
| 2 |
CSX Corp
CSX
|
+$263M |
| 3 |
Microsoft
MSFT
|
+$236M |
| 4 |
Mercado Libre
MELI
|
+$181M |
| 5 |
Sea Limited
SE
|
+$181M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$366M |
| 2 |
Progressive
PGR
|
+$298M |
| 3 |
Match Group
MTCH
|
+$196M |
| 4 |
NVR
NVR
|
+$147M |
| 5 |
Global Payments
GPN
|
+$128M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 35.18% |
| 2 | Consumer Discretionary | 17.87% |
| 3 | Industrials | 14.76% |
| 4 | Financials | 12.08% |
| 5 | Technology | 9.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Wells Fargo
WFC
$254B
| $166M | 0.87% |
+4,249,601
| New | +$150M |
|
|
27
Mercado Libre
MELI
$97.5B
| $157M | 0.83% |
+106,605
| New | +$181M |
|
28
JD.com
JD
$39.7B
| $135M | 0.71% |
+1,601,669
| New | +$147M |
|
29
Shopify
SHOP
$192B
| $117M | 0.62% |
1,058,580
-652,920
| -38% | -$78.9M |
|
30
Analog Devices
ADI
$182B
| $115M | 0.61% |
742,123
-44,277
| -6% | -$6.81M |
|
31
Blackstone Mortgage Trust
BXMT
$2.41B
| $115M | 0.61% |
3,709,996
-106,712
| -3% | -$3.1M |
|
|
32
NVR
NVR
$16.9B
| $111M | 0.58% |
23,531
-32,747
| -58% | -$147M |
|
33
Blackstone
BX
$108B
| $105M | 0.55% |
1,407,774
-42,247
| -3% | -$2.92M |
|
34
CME Group
CME
$98.9B
| $91.9M | 0.48% |
449,800
-449
| -0.1% | -$88.4K |
|
35
Martin Marietta Materials
MLM
$32.1B
| $60.5M | 0.32% |
180,271
-192,929
| -52% | -$61.6M |
|
36
Avery Dennison
AVY
$13.9B
| – | – |
-371,651
| Closed | -$57.6M |
|
37
Howmet Aerospace
HWM
$108B
| – | – |
-3,970,624
| Closed | -$113M |
|
|
38
Progressive
PGR
$127B
| – | – |
-3,015,521
| Closed | -$298M |
|
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John Armitage's Q1 2021 Portfolio in Review
As of Q1 2021, John Armitage held 38 positions worth $19B, up 7.4% from $17.7B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
John Armitage's Q1 2021 filing shows 4 new, 14 increased, 17 reduced and 3 closed positions. Its largest new stake was Mercado Libre: 106,605 shares worth $157M. The largest sale was PayPal, an estimated $366M.
By sector, the portfolio is most concentrated in Communication Services at 35% of assets, down from 37% a quarter earlier, followed by Consumer Discretionary and Industrials.
- John Armitage's largest Q1 2021 buy was Mercado Libre: 106,605 shares worth $157M.
- John Armitage added most to Alphabet (Google) Class C in Q1 2021, an estimated $282M increase.
- John Armitage's biggest Q1 2021 reduction was PayPal, cutting an estimated $366M.
- John Armitage fully exited Progressive in Q1 2021, selling an estimated $298M.
- John Armitage's ten largest holdings make up 58% of its $19B portfolio in Q1 2021.
- John Armitage opened 4 new positions and closed 3 in Q1 2021.
- John Armitage's portfolio value rose 7.4% quarter-over-quarter to $19B.
Based on Egerton Capital (UK)'s 13F filing for Q1 2021, filed 17 May 2021.