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 |
First Citizens BancShares
FCNCA
|
+$388M |
| 2 |
Linde
LIN
|
+$362M |
| 3 |
Lowe's Companies
LOW
|
+$299M |
| 4 |
Amazon
AMZN
|
+$278M |
| 5 |
Applied Materials
AMAT
|
+$275M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Shopify
SHOP
|
+$577M |
| 2 |
Charter Communications
CHTR
|
+$483M |
| 3 |
Netflix
NFLX
|
+$398M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$371M |
| 5 |
Meta Platforms (Facebook)
META
|
+$255M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 24.29% |
| 2 | Financials | 18.48% |
| 3 | Consumer Discretionary | 17.81% |
| 4 | Communication Services | 15.53% |
| 5 | Technology | 12.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Canadian Pacific Kansas City
CP
$85B
| $2.22B | 11.68% |
26,847,568
-2,329,921
| -8% | -$175M |
|
|
2
Alphabet (Google) Class C
GOOG
$4.18T
| $2.04B | 10.74% |
14,596,440
-2,729,780
| -16% | -$371M |
|
3
Microsoft
MSFT
$3.59T
| $1.49B | 7.82% |
4,816,642
+427,351
| +10% | +$129M |
|
4
Canadian National Railway
CNI
$78.5B
| $1.26B | 6.64% |
9,388,387
+1,634,059
| +21% | +$204M |
|
|
5
Amazon
AMZN
$2.79T
| $1.21B | 6.35% |
7,398,400
+1,800,160
| +32% | +$278M |
|
6
CSX Corp
CSX
$95.6B
| $1.14B | 5.98% |
30,308,196
-5,525,754
| -15% | -$195M |
|
7
Visa
V
$693B
| $1.08B | 5.71% |
4,883,072
+306,910
| +7% | +$66.4M |
|
|
SCHW
8
Charles Schwab
SCHW
$194B
| $1B | 5.27% |
11,865,031
-2,628,353
| -18% | -$231M |
|
9
UnitedHealth
UNH
$350B
| $834M | 4.39% |
1,635,327
-392,598
| -19% | -$189M |
|
|
10
Linde
LIN
$225B
| $781M | 4.11% |
2,443,717
+1,171,725
| +92% | +$362M |
|
|
11
Lowe's Companies
LOW
$121B
| $730M | 3.85% |
3,610,961
+1,299,622
| +56% | +$299M |
|
|
12
Charter Communications
CHTR
$17.9B
| $668M | 3.52% |
1,225,195
-822,325
| -40% | -$483M |
|
13
Bath & Body Works
BBWI
$3.92B
| $651M | 3.43% |
13,625,757
-45,530
| -0.3% | -$2.46M |
|
14
Analog Devices
ADI
$182B
| $616M | 3.25% |
3,728,676
+614,177
| +20% | +$99.5M |
|
15
D.R. Horton
DHI
$41.5B
| $583M | 3.07% |
7,818,902
-602,202
| -7% | -$52.2M |
|
|
16
First Citizens BancShares
FCNCA
$24.7B
| $557M | 2.94% |
837,088
+498,838
| +147% | +$388M |
|
17
KKR & Co
KKR
$97.4B
| $381M | 2.01% |
6,510,892
-485,061
| -7% | -$30.5M |
|
18
Alcoa
AA
$13.7B
| $318M | 1.67% |
+3,530,533
| New | +$256M |
|
19
Mastercard
MA
$509B
| $305M | 1.61% |
854,026
+119,690
| +16% | +$43M |
|
|
20
Applied Materials
AMAT
$391B
| $264M | 1.39% |
+2,000,999
| New | +$275M |
|
21
Snap
SNAP
$8.86B
| $240M | 1.26% |
6,660,121
-710,001
| -10% | -$25.7M |
|
22
LPL Financial
LPLA
$28.5B
| $146M | 0.77% |
+799,461
| New | +$139M |
|
23
PVH
PVH
$3.62B
| $139M | 0.73% |
1,809,333
-772,288
| -30% | -$71.5M |
|
24
Teck Resources
TECK
$33.9B
| $111M | 0.59% |
+2,752,408
| New | +$98.4M |
|
25
Blackstone Mortgage Trust
BXMT
$2.41B
| $85M | 0.45% |
2,672,963
-200,535
| -7% | -$6.3M |
|
Similar funds
John Armitage's Q1 2022 Portfolio in Review
As of Q1 2022, John Armitage held 38 positions worth $19B, down 12% from $21.4B the previous quarter. Its ten largest holdings account for 69% of the portfolio.
John Armitage withdrew a net $1.35B in Q1 2022, closing 9 positions and reducing 14 holdings. Its most notable exit was Shopify, an estimated $577M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 24% of assets, up from 21% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, John Armitage opened a new position in Applied Materials worth $264M.
- John Armitage's largest Q1 2022 buy was Applied Materials: 2,000,999 shares worth $264M.
- John Armitage added most to First Citizens BancShares in Q1 2022, an estimated $388M increase.
- John Armitage's biggest Q1 2022 reduction was Charter Communications, cutting an estimated $483M.
- John Armitage fully exited Shopify in Q1 2022, selling an estimated $577M.
- John Armitage's ten largest holdings make up 69% of its $19B portfolio in Q1 2022.
- John Armitage opened 6 new positions and closed 9 in Q1 2022.
- John Armitage's portfolio value fell 12% quarter-over-quarter to $19B.
Based on Egerton Capital (UK)'s 13F filing for Q1 2022, filed 9 May 2022.