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 |
Canadian Pacific Kansas City
CP
|
+$365M |
| 2 |
Visa
V
|
+$109M |
| 3 |
PX
Praxair Inc
PX
|
+$94.8M |
| 4 |
Popular Inc
BPOP
|
+$68.1M |
| 5 |
Constellation Brands
STZ
|
+$65.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DaVita
DVA
|
+$263M |
| 2 |
NVIDIA
NVDA
|
+$157M |
| 3 |
HDFC Bank
HDB
|
+$136M |
| 4 |
Meta Platforms (Facebook)
META
|
+$135M |
| 5 |
Northrop Grumman
NOC
|
+$130M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 35.69% |
| 2 | Financials | 24.46% |
| 3 | Consumer Discretionary | 11.22% |
| 4 | Industrials | 9.66% |
| 5 | Technology | 9.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Charter Communications
CHTR
$17.9B
| $1.1B | 12.46% |
4,073,010
+102,245
| +3% | +$25.8M |
|
2
Comcast
CMCSA
$95.3B
| $774M | 8.78% |
23,343,610
-413,454
| -2% | -$13.8M |
|
3
S&P Global
SPGI
$127B
| $632M | 7.16% |
4,994,022
-706,066
| -12% | -$84.8M |
|
4
Booking.com
BKNG
$158B
| $581M | 6.58% |
9,867,625
+612,075
| +7% | +$34.1M |
|
|
5
Meta Platforms (Facebook)
META
$1.4T
| $577M | 6.54% |
4,494,953
-1,090,745
| -20% | -$135M |
|
6
Alphabet (Google) Class C
GOOG
$4.18T
| $576M | 6.53% |
14,829,520
-2,858,140
| -16% | -$109M |
|
|
ATVI
7
DELISTED
Activision Blizzard
ATVI
| $493M | 5.59% |
11,122,654
+67,394
| +0.6% | +$2.82M |
|
8
Southwest Airlines
LUV
$19.8B
| $473M | 5.36% |
12,164,412
-3,087,223
| -20% | -$117M |
|
|
9
Canadian Pacific Kansas City
CP
$85B
| $379M | 4.3% |
+12,419,780
| New | +$365M |
|
|
10
Visa
V
$693B
| $379M | 4.3% |
4,582,154
+1,357,047
| +42% | +$109M |
|
|
11
Constellation Brands
STZ
$23.2B
| $374M | 4.24% |
2,247,175
+399,874
| +22% | +$65.9M |
|
12
Mastercard
MA
$509B
| $313M | 3.55% |
3,079,473
+402,332
| +15% | +$38.6M |
|
|
SCHW
13
Charles Schwab
SCHW
$194B
| $295M | 3.35% |
9,354,272
-414,905
| -4% | -$12.2M |
|
14
JPMorgan Chase
JPM
$935B
| $293M | 3.32% |
4,403,438
-17,133
| -0.4% | -$1.12M |
|
15
Mohawk Industries
MHK
$9.23B
| $224M | 2.53% |
1,116,244
-290,260
| -21% | -$59.7M |
|
16
Microsoft
MSFT
$3.59T
| $212M | 2.41% |
3,686,678
-765,834
| -17% | -$43.2M |
|
17
Martin Marietta Materials
MLM
$32.1B
| $180M | 2.04% |
1,005,370
-467,582
| -32% | -$89.3M |
|
18
Moody's
MCO
$87.2B
| $172M | 1.95% |
1,586,598
-970,029
| -38% | -$102M |
|
19
Home Depot
HD
$335B
| $149M | 1.69% |
1,156,225
-210,241
| -15% | -$28M |
|
|
20
NVIDIA
NVDA
$5.2T
| $143M | 1.62% |
83,455,480
-106,589,160
| -56% | -$157M |
|
21
Albemarle
ALB
$16.9B
| $127M | 1.44% |
1,490,433
-4,803
| -0.3% | -$396K |
|
|
LBRDK
22
DELISTED
Liberty Broadband Class C
LBRDK
| $122M | 1.38% |
1,700,518
-6,046
| -0.4% | -$404K |
|
|
PX
23
DELISTED
Praxair Inc
PX
| $96.7M | 1.1% |
+800,637
| New | +$94.8M |
|
|
24
Popular Inc
BPOP
$10.8B
| $73.1M | 0.83% |
+1,911,624
| New | +$68.1M |
|
25
Blackstone Mortgage Trust
BXMT
$2.41B
| $47.2M | 0.53% |
1,601,728
-6,734
| -0.4% | -$195K |
|
Similar funds
John Armitage's Q3 2016 Portfolio in Review
As of Q3 2016, John Armitage held 33 positions worth $8.82B, down 0.97% from $8.91B the previous quarter. Its ten largest holdings account for 68% of the portfolio.
John Armitage withdrew a net $997M in Q3 2016, closing 7 positions and reducing 16 holdings. Its most notable exit was DaVita, an estimated $263M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 36% of assets, up from 34% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, John Armitage opened a new position in Canadian Pacific Kansas City worth $379M.
- John Armitage's largest Q3 2016 buy was Canadian Pacific Kansas City: 12,419,780 shares worth $379M.
- John Armitage added most to Visa in Q3 2016, an estimated $109M increase.
- John Armitage's biggest Q3 2016 reduction was NVIDIA, cutting an estimated $157M.
- John Armitage fully exited DaVita in Q3 2016, selling an estimated $263M.
- John Armitage's ten largest holdings make up 68% of its $8.82B portfolio in Q3 2016.
- John Armitage opened 4 new positions and closed 7 in Q3 2016.
- John Armitage's portfolio value fell 0.97% quarter-over-quarter to $8.82B.
Based on Egerton Capital (UK)'s 13F filing for Q3 2016, filed 3 Nov 2016.