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 |
Bank of America
BAC
|
+$392M |
| 2 |
PX
Praxair Inc
PX
|
+$157M |
| 3 |
Mastercard
MA
|
+$96.4M |
| 4 |
S&P Global
SPGI
|
+$88.9M |
| 5 |
Morgan Stanley
MS
|
+$84.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Booking.com
BKNG
|
+$341M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$295M |
| 3 |
Southwest Airlines
LUV
|
+$242M |
| 4 |
Visa
V
|
+$232M |
| 5 |
Meta Platforms (Facebook)
META
|
+$186M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 36.16% |
| 2 | Financials | 31.03% |
| 3 | Industrials | 8.35% |
| 4 | Consumer Discretionary | 7.4% |
| 5 | Materials | 6.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Charter Communications
CHTR
$17.9B
| $1.15B | 14% |
3,998,257
-74,753
| -2% | -$20.1M |
|
2
Comcast
CMCSA
$95.3B
| $791M | 9.62% |
22,920,028
-423,582
| -2% | -$14.1M |
|
|
3
S&P Global
SPGI
$127B
| $617M | 7.5% |
5,737,993
+743,971
| +15% | +$88.9M |
|
4
Alphabet (Google) Class C
GOOG
$4.18T
| $565M | 6.87% |
14,633,480
-196,040
| -1% | -$7.64M |
|
|
5
Bank of America
BAC
$431B
| $450M | 5.47% |
+20,364,278
| New | +$392M |
|
|
6
Mastercard
MA
$509B
| $414M | 5.04% |
4,010,984
+931,511
| +30% | +$96.4M |
|
|
SCHW
7
Charles Schwab
SCHW
$194B
| $395M | 4.8% |
10,006,516
+652,244
| +7% | +$23.3M |
|
8
JPMorgan Chase
JPM
$935B
| $367M | 4.47% |
4,258,568
-144,870
| -3% | -$11M |
|
9
Canadian Pacific Kansas City
CP
$85B
| $350M | 4.26% |
12,255,210
-164,570
| -1% | -$4.86M |
|
10
Constellation Brands
STZ
$23.2B
| $345M | 4.2% |
2,250,976
+3,801
| +0.2% | +$604K |
|
|
11
Meta Platforms (Facebook)
META
$1.4T
| $343M | 4.17% |
2,979,618
-1,515,335
| -34% | -$186M |
|
|
12
Southwest Airlines
LUV
$19.8B
| $337M | 4.1% |
6,762,598
-5,401,814
| -44% | -$242M |
|
13
Mohawk Industries
MHK
$9.23B
| $278M | 3.37% |
1,389,794
+273,550
| +25% | +$53.7M |
|
|
PX
14
DELISTED
Praxair Inc
PX
| $249M | 3.02% |
2,122,688
+1,322,051
| +165% | +$157M |
|
|
15
Booking.com
BKNG
$158B
| $244M | 2.97% |
4,160,175
-5,707,450
| -58% | -$341M |
|
16
Microsoft
MSFT
$3.59T
| $225M | 2.73% |
3,614,385
-72,293
| -2% | -$4.35M |
|
17
Martin Marietta Materials
MLM
$32.1B
| $168M | 2.05% |
759,553
-245,817
| -24% | -$50.5M |
|
18
Albemarle
ALB
$16.9B
| $147M | 1.79% |
1,710,656
+220,223
| +15% | +$18.6M |
|
|
ATVI
19
DELISTED
Activision Blizzard
ATVI
| $135M | 1.65% |
3,751,106
-7,371,548
| -66% | -$295M |
|
|
20
Visa
V
$693B
| $132M | 1.61% |
1,694,331
-2,887,823
| -63% | -$232M |
|
|
LBRDK
21
DELISTED
Liberty Broadband Class C
LBRDK
| $124M | 1.5% |
1,670,658
-29,860
| -2% | -$2.1M |
|
|
22
Morgan Stanley
MS
$336B
| $94M | 1.14% |
+2,225,381
| New | +$84.1M |
|
23
NVIDIA
NVDA
$5.2T
| $86.2M | 1.05% |
32,284,720
-51,170,760
| -61% | -$107M |
|
24
Popular Inc
BPOP
$10.8B
| $82.3M | 1% |
1,877,197
-34,427
| -2% | -$1.39M |
|
25
Advance Auto Parts
AAP
$2.57B
| $72.4M | 0.88% |
+428,284
| New | +$67.3M |
|
Similar funds
John Armitage's Q4 2016 Portfolio in Review
As of Q4 2016, John Armitage held 30 positions worth $8.22B, down 6.8% from $8.82B the previous quarter. Its ten largest holdings account for 66% of the portfolio.
John Armitage withdrew a net $880M in Q4 2016, closing 3 positions and reducing 16 holdings. Its most notable exit was Moody's, an estimated $172M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 36% of assets, up from 36% a quarter earlier, followed by Financials and Industrials.
Against the trend, John Armitage opened a new position in Bank of America worth $450M.
- John Armitage's largest Q4 2016 buy was Bank of America: 20,364,278 shares worth $450M.
- John Armitage added most to Praxair Inc in Q4 2016, an estimated $157M increase.
- John Armitage's biggest Q4 2016 reduction was Booking.com, cutting an estimated $341M.
- John Armitage fully exited Moody's in Q4 2016, selling an estimated $172M.
- John Armitage's ten largest holdings make up 66% of its $8.22B portfolio in Q4 2016.
- John Armitage opened 4 new positions and closed 3 in Q4 2016.
- John Armitage's portfolio value fell 6.8% quarter-over-quarter to $8.22B.
Based on Egerton Capital (UK)'s 13F filing for Q4 2016, filed 14 Feb 2017.