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
|
+$450M |
| 2 |
UnitedHealth
UNH
|
+$355M |
| 3 |
Salesforce
CRM
|
+$294M |
| 4 |
Adobe
ADBE
|
+$275M |
| 5 |
Cintas
CTAS
|
+$234M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Comcast
CMCSA
|
+$911M |
| 2 |
S&P Global
SPGI
|
+$271M |
| 3 |
JPMorgan Chase
JPM
|
+$232M |
| 4 |
Mastercard
MA
|
+$222M |
| 5 |
Martin Marietta Materials
MLM
|
+$175M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.31% |
| 2 | Financials | 20.88% |
| 3 | Communication Services | 16.03% |
| 4 | Industrials | 11.57% |
| 5 | Materials | 7.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Applied Materials
AMAT
$391B
| $792M | 6.93% |
15,491,200
-1,428,728
| -8% | -$77.4M |
|
2
Charter Communications
CHTR
$17.9B
| $733M | 6.42% |
2,183,114
-305,287
| -12% | -$104M |
|
|
ATVI
3
DELISTED
Activision Blizzard
ATVI
| $700M | 6.13% |
11,051,017
+1,991,213
| +22% | +$126M |
|
|
PX
4
DELISTED
Praxair Inc
PX
| $652M | 5.71% |
4,213,976
+829,003
| +24% | +$123M |
|
5
Constellation Brands
STZ
$23.2B
| $595M | 5.21% |
2,604,995
-466,062
| -15% | -$101M |
|
|
SCHW
6
Charles Schwab
SCHW
$194B
| $532M | 4.66% |
10,356,441
-312,675
| -3% | -$14.7M |
|
7
Alibaba
BABA
$286B
| $528M | 4.62% |
3,061,644
+125,850
| +4% | +$22.5M |
|
|
8
Adobe
ADBE
$109B
| $514M | 4.5% |
2,932,074
+1,596,653
| +120% | +$275M |
|
9
Bank of America
BAC
$431B
| $489M | 4.28% |
16,569,132
+59,703
| +0.4% | +$1.65M |
|
10
Microsoft
MSFT
$3.59T
| $488M | 4.27% |
5,702,710
+571,877
| +11% | +$46.9M |
|
11
Southwest Airlines
LUV
$19.8B
| $478M | 4.19% |
7,310,517
+654,828
| +10% | +$38.5M |
|
|
12
Alphabet (Google) Class C
GOOG
$4.18T
| $463M | 4.05% |
+8,842,940
| New | +$450M |
|
|
13
S&P Global
SPGI
$127B
| $430M | 3.76% |
2,537,884
-1,660,564
| -40% | -$271M |
|
14
Meta Platforms (Facebook)
META
$1.4T
| $407M | 3.56% |
2,306,949
-217,921
| -9% | -$38.5M |
|
|
15
UnitedHealth
UNH
$350B
| $369M | 3.23% |
+1,673,344
| New | +$355M |
|
|
16
Mastercard
MA
$509B
| $322M | 2.82% |
2,125,921
-1,494,727
| -41% | -$222M |
|
17
Broadcom
AVGO
$1.75T
| $305M | 2.67% |
11,854,040
-3,076,200
| -21% | -$80M |
|
|
18
Salesforce
CRM
$171B
| $295M | 2.58% |
+2,881,221
| New | +$294M |
|
19
Alaska Air
ALK
$4.51B
| $286M | 2.51% |
3,895,027
-581,467
| -13% | -$41.3M |
|
20
Canadian Pacific Kansas City
CP
$85B
| $281M | 2.46% |
7,678,160
+2,099,525
| +38% | +$73.2M |
|
21
Equinix
EQIX
$105B
| $261M | 2.29% |
576,694
+89,521
| +18% | +$41.4M |
|
|
22
Cintas
CTAS
$81.6B
| $239M | 2.09% |
+6,141,776
| New | +$234M |
|
23
TransUnion
TRU
$16.2B
| $230M | 2.01% |
4,188,430
-385,829
| -8% | -$20.5M |
|
24
HDFC Bank
HDB
$121B
| $209M | 1.83% |
8,208,572
-756,628
| -8% | -$18.1M |
|
|
25
Martin Marietta Materials
MLM
$32.1B
| $202M | 1.77% |
916,019
-834,361
| -48% | -$175M |
|
Similar funds
John Armitage's Q4 2017 Portfolio in Review
As of Q4 2017, John Armitage held 39 positions worth $11.4B, up 2.2% from $11.2B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
John Armitage withdrew a net $355M in Q4 2017, closing 7 positions and reducing 15 holdings. Its most notable exit was Comcast, an estimated $911M position sold in full.
By sector, the portfolio is most concentrated in Technology at 28% of assets, up from 22% a quarter earlier, followed by Financials and Communication Services.
Against the trend, John Armitage opened a new position in Alphabet (Google) Class C worth $463M.
- John Armitage's largest Q4 2017 buy was Alphabet (Google) Class C: 8,842,940 shares worth $463M.
- John Armitage added most to Adobe in Q4 2017, an estimated $275M increase.
- John Armitage's biggest Q4 2017 reduction was S&P Global, cutting an estimated $271M.
- John Armitage fully exited Comcast in Q4 2017, selling an estimated $911M.
- John Armitage's ten largest holdings make up 53% of its $11.4B portfolio in Q4 2017.
- John Armitage opened 7 new positions and closed 7 in Q4 2017.
- John Armitage's portfolio value rose 2.2% quarter-over-quarter to $11.4B.
Based on Egerton Capital (UK)'s 13F filing for Q4 2017, filed 8 Feb 2018.