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 |
Applied Materials
AMAT
|
+$418M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$372M |
| 3 |
Visa
V
|
+$221M |
| 4 |
Adobe
ADBE
|
+$189M |
| 5 |
Corpay
CPAY
|
+$160M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$324M |
| 2 |
Charter Communications
CHTR
|
+$177M |
| 3 |
Mastercard
MA
|
+$172M |
| 4 |
LBRDK
Liberty Broadband Class C
LBRDK
|
+$124M |
| 5 |
NVIDIA
NVDA
|
+$86.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.56% |
| 2 | Communication Services | 28.3% |
| 3 | Technology | 18.28% |
| 4 | Industrials | 8.78% |
| 5 | Consumer Discretionary | 5.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Charter Communications
CHTR
$17.9B
| $1.13B | 12.19% |
3,442,826
-555,431
| -14% | -$177M |
|
2
Comcast
CMCSA
$95.3B
| $807M | 8.73% |
21,463,447
-1,456,581
| -6% | -$54.1M |
|
3
S&P Global
SPGI
$127B
| $734M | 7.93% |
5,611,397
-126,596
| -2% | -$15.7M |
|
|
ATVI
4
DELISTED
Activision Blizzard
ATVI
| $609M | 6.59% |
12,219,008
+8,467,902
| +226% | +$372M |
|
5
Southwest Airlines
LUV
$19.8B
| $505M | 5.47% |
9,401,341
+2,638,743
| +39% | +$142M |
|
6
Bank of America
BAC
$431B
| $460M | 4.97% |
19,487,404
-876,874
| -4% | -$20.8M |
|
|
7
Applied Materials
AMAT
$391B
| $453M | 4.9% |
+11,642,608
| New | +$418M |
|
8
Meta Platforms (Facebook)
META
$1.4T
| $404M | 4.37% |
2,843,217
-136,401
| -5% | -$18.2M |
|
9
Constellation Brands
STZ
$23.2B
| $403M | 4.36% |
2,485,583
+234,607
| +10% | +$36.6M |
|
|
10
Visa
V
$693B
| $379M | 4.1% |
4,268,195
+2,573,864
| +152% | +$221M |
|
|
SCHW
11
Charles Schwab
SCHW
$194B
| $353M | 3.82% |
8,646,300
-1,360,216
| -14% | -$56.2M |
|
12
Mohawk Industries
MHK
$9.23B
| $329M | 3.56% |
1,432,719
+42,925
| +3% | +$9.43M |
|
13
Canadian Pacific Kansas City
CP
$85B
| $307M | 3.31% |
10,431,585
-1,823,625
| -15% | -$54.2M |
|
14
JPMorgan Chase
JPM
$935B
| $299M | 3.23% |
3,404,025
-854,543
| -20% | -$75.4M |
|
|
15
Alphabet (Google) Class C
GOOG
$4.18T
| $279M | 3.02% |
6,731,040
-7,902,440
| -54% | -$324M |
|
|
PX
16
DELISTED
Praxair Inc
PX
| $277M | 3% |
2,338,087
+215,399
| +10% | +$25.3M |
|
|
17
Mastercard
MA
$509B
| $275M | 2.97% |
2,443,341
-1,567,643
| -39% | -$172M |
|
18
Microsoft
MSFT
$3.59T
| $263M | 2.85% |
3,997,892
+383,507
| +11% | +$24.6M |
|
|
19
Adobe
ADBE
$109B
| $210M | 2.27% |
+1,611,207
| New | +$189M |
|
20
Booking.com
BKNG
$158B
| $208M | 2.25% |
2,923,300
-1,236,875
| -30% | -$81.6M |
|
|
21
Corpay
CPAY
$27.4B
| $155M | 1.68% |
+1,023,668
| New | +$160M |
|
22
Morgan Stanley
MS
$336B
| $141M | 1.53% |
3,295,306
+1,069,925
| +48% | +$47.5M |
|
23
Albemarle
ALB
$16.9B
| $124M | 1.34% |
1,171,161
-539,495
| -32% | -$52.5M |
|
24
Martin Marietta Materials
MLM
$32.1B
| $100M | 1.08% |
458,607
-300,946
| -40% | -$66.4M |
|
25
Blackstone Mortgage Trust
BXMT
$2.41B
| $46.5M | 0.5% |
1,502,410
-69,793
| -4% | -$2.15M |
|
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John Armitage's Q1 2017 Portfolio in Review
As of Q1 2017, John Armitage held 30 positions worth $9.25B, up 12% from $8.22B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
John Armitage's Q1 2017 filing shows 3 new, 8 increased, 14 reduced and 5 closed positions. Its largest new stake was Applied Materials: 11,642,608 shares worth $453M. The largest sale was Alphabet (Google) Class C, an estimated $324M.
By sector, the portfolio is most concentrated in Financials at 29% of assets, down from 31% a quarter earlier, followed by Communication Services and Technology.
- John Armitage's largest Q1 2017 buy was Applied Materials: 11,642,608 shares worth $453M.
- John Armitage added most to Activision Blizzard in Q1 2017, an estimated $372M increase.
- John Armitage's biggest Q1 2017 reduction was Alphabet (Google) Class C, cutting an estimated $324M.
- John Armitage fully exited Liberty Broadband Class C in Q1 2017, selling an estimated $124M.
- John Armitage's ten largest holdings make up 64% of its $9.25B portfolio in Q1 2017.
- John Armitage opened 3 new positions and closed 5 in Q1 2017.
- John Armitage's portfolio value rose 12% quarter-over-quarter to $9.25B.
Based on Egerton Capital (UK)'s 13F filing for Q1 2017, filed 9 May 2017.