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John Armitage Egerton Capital (UK)
AUM
$9.8B
Turnover
29.63%
1-Year Est. Return
22.76%
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.
This Fund
S&P 500
This Quarter Est. Return
+7.8%
1 Year Est. Return
+22.76%
3 Year Est. Return
+137.35%
5 Year Est. Return
+186.1%
10 Year Est. Return
+1,167.33%
AUM
$10B
AUM Growth
+$728M
(+7.9%)
Cap. Flow
+$55.9M
Cap. Flow % of AUM
Cap. Flow %
0.56%
Top 10 Holdings %
Top 10 Hldgs %
60.1%
Holding
35
New
10
Increased
10
Reduced
11
Closed
4
Avg Time Held
1.1
years
Top 10 Avg Time Held
0.5
years
Top 20 Avg Time Held
1.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Martin Marietta Materials
MLM
|
+$341M |
| 2 |
AABA
Altaba Inc
AABA
|
+$265M |
| 3 |
Alaska Air
ALK
|
+$259M |
| 4 |
Edwards Lifesciences
EW
|
+$202M |
| 5 |
HDFC Bank
HDB
|
+$188M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$379M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$211M |
| 3 |
Booking.com
BKNG
|
+$208M |
| 4 |
S&P Global
SPGI
|
+$201M |
| 5 |
Corpay
CPAY
|
+$155M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.47% |
| 2 | Communication Services | 23.25% |
| 3 | Technology | 19.86% |
| 4 | Industrials | 10.56% |
| 5 | Materials | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Charter Communications
CHTR
$12.4B
| $1.04B | 10.4% |
3,080,627
-362,199
| -11% | -$121M |
2015 Q3
7 quarters
|
|
2
Comcast
CMCSA
$80.5B
| $838M | 8.4% |
21,531,346
+67,899
| +0.3% | +$2.68M |
2015 Q2
8 quarters
|
|
|
3
S&P Global
SPGI
$133B
| $608M | 6.09% |
4,163,964
-1,447,433
| -26% | -$201M |
2016 Q2
4 quarters
|
|
|
ATVI
4
DELISTED
Activision Blizzard
ATVI
| $571M | 5.72% |
9,917,066
-2,301,942
| -19% | -$127M |
2015 Q1
9 quarters
|
|
5
Applied Materials
AMAT
$299B
| $567M | 5.69% |
13,734,934
+2,092,326
| +18% | +$88.9M |
2017 Q1
1 quarter
|
|
6
Constellation Brands
STZ
$23.5B
| $526M | 5.28% |
2,717,567
+231,984
| +9% | +$41.3M |
2016 Q2
4 quarters
|
|
7
Mastercard
MA
$546B
| $477M | 4.78% |
3,923,766
+1,480,425
| +61% | +$176M |
2014 Q2
12 quarters
|
|
8
Southwest Airlines
LUV
$20.4B
| $472M | 4.73% |
7,592,802
-1,808,539
| -19% | -$105M |
2014 Q4
10 quarters
|
|
9
Charles Schwab
SCHW
$157B
| $461M | 4.62% |
10,721,871
+2,075,571
| +24% | +$83.1M |
2015 Q2
8 quarters
|
|
|
10
Martin Marietta Materials
MLM
$36B
| $438M | 4.39% |
1,967,865
+1,509,258
| +329% | +$341M |
2015 Q2
8 quarters
|
|
11
Bank of America
BAC
$354B
| $403M | 4.04% |
16,592,052
-2,895,352
| -15% | -$67.5M |
2016 Q4
2 quarters
|
|
12
DELISTED
Praxair Inc
PX
| $362M | 3.63% |
2,729,517
+391,430
| +17% | +$50.2M |
2016 Q3
3 quarters
|
|
13
JPMorgan Chase
JPM
$881B
| $311M | 3.12% |
3,407,571
+3,546
| +0.1% | +$306K |
2014 Q4
10 quarters
|
|
14
Meta Platforms (Facebook)
META
$1.64T
| $283M | 2.84% |
1,873,245
-969,972
| -34% | -$144M |
2015 Q1
9 quarters
|
|
15
Microsoft
MSFT
$3.89T
| $274M | 2.74% |
3,968,166
-29,726
| -0.7% | -$2.04M |
2015 Q3
7 quarters
|
|
|
16
Alaska Air
ALK
$3.84B
| $265M | 2.66% |
+2,952,345
| New | +$259M |
2017 Q2
0 quarters
|
|
|
AABA
17
DELISTED
Altaba Inc
AABA
| $265M | 2.65% |
+4,859,286
| New | +$265M |
2017 Q2
0 quarters
|
|
|
18
Edwards Lifesciences
EW
$51.3B
| $218M | 2.18% |
+5,526,177
| New | +$202M |
2017 Q2
0 quarters
|
|
19
Canadian Pacific Kansas City
CP
$78.7B
| $214M | 2.14% |
6,646,715
-3,784,870
| -36% | -$117M |
2016 Q3
3 quarters
|
|
20
Mohawk Industries
MHK
$8.45B
| $207M | 2.07% |
855,589
-577,130
| -40% | -$136M |
2015 Q4
6 quarters
|
|
|
21
HDFC Bank
HDB
$114B
| $196M | 1.97% |
+9,020,460
| New | +$188M |
2017 Q2
0 quarters
|
|
22
Broadcom
AVGO
$1.54T
| $163M | 1.64% |
+7,015,640
| New | +$163M |
2017 Q2
0 quarters
|
|
23
Morgan Stanley
MS
$282B
| $147M | 1.48% |
3,306,055
+10,749
| +0.3% | +$464K |
2016 Q4
2 quarters
|
|
24
Adobe
ADBE
$103B
| $141M | 1.41% |
997,743
-613,464
| -38% | -$84M |
2017 Q1
1 quarter
|
|
25
Allegion
ALLE
$15.2B
| $103M | 1.03% |
+1,264,263
| New | +$99M |
2017 Q2
0 quarters
|
|
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John Armitage's Q2 2017 Portfolio in Review
As of Q2 2017, John Armitage held 35 positions worth $10B, up 7.9% from $9.25B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
John Armitage's Q2 2017 filing shows 10 new, 10 increased, 11 reduced and 4 closed positions. Its largest new stake was Altaba Inc: 4,859,286 shares worth $265M. The largest sale was Visa, an estimated $379M.
By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 29% a quarter earlier, followed by Communication Services and Technology.
- John Armitage's largest Q2 2017 buy was Altaba Inc: 4,859,286 shares worth $265M.
- John Armitage added most to Martin Marietta Materials in Q2 2017, an estimated $341M increase.
- John Armitage's biggest Q2 2017 reduction was Alphabet (Google) Class C, cutting an estimated $211M.
- John Armitage fully exited Visa in Q2 2017, selling an estimated $379M.
- John Armitage's ten largest holdings make up 60% of its $10B portfolio in Q2 2017.
- John Armitage opened 10 new positions and closed 4 in Q2 2017.
- John Armitage's portfolio value rose 7.9% quarter-over-quarter to $10B.
Based on Egerton Capital (UK)'s 13F filing for Q2 2017, filed 28 Jul 2017.