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 |
Capital One
COF
|
+$271M |
| 2 |
Eli Lilly
LLY
|
+$233M |
| 3 |
CME Group
CME
|
+$222M |
| 4 |
Intercontinental Exchange
ICE
|
+$116M |
| 5 |
Lithia Motors
LAD
|
+$112M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$315M |
| 2 |
First Citizens BancShares
FCNCA
|
+$306M |
| 3 |
Interactive Brokers
IBKR
|
+$258M |
| 4 |
Uber
UBER
|
+$254M |
| 5 |
Booking.com
BKNG
|
+$250M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 38.72% |
| 2 | Technology | 14.09% |
| 3 | Consumer Discretionary | 13.73% |
| 4 | Industrials | 12.6% |
| 5 | Communication Services | 8.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.59T
| $741M | 8.57% |
1,758,009
+37,958
| +2% | +$16.2M |
|
2
Progressive
PGR
$127B
| $677M | 7.83% |
2,827,156
+3,262
| +0.1% | +$821K |
|
3
Amazon
AMZN
$2.79T
| $528M | 6.11% |
2,408,143
-659,947
| -22% | -$135M |
|
4
Canadian Pacific Kansas City
CP
$85B
| $512M | 5.92% |
7,076,635
-779,026
| -10% | -$60M |
|
5
Flutter Entertainment
FLUT
$17.8B
| $485M | 5.61% |
1,877,383
+61,833
| +3% | +$15.6M |
|
|
FISV
6
Fiserv Inc
FISV
$28B
| $478M | 5.52% |
2,324,599
-253,886
| -10% | -$51.8M |
|
7
Meta Platforms (Facebook)
META
$1.4T
| $469M | 5.43% |
801,442
-227,047
| -22% | -$133M |
|
8
GE Aerospace
GE
$361B
| $401M | 4.64% |
2,404,557
+447,738
| +23% | +$79.9M |
|
9
CRH
CRH
$63.2B
| $401M | 4.63% |
4,328,892
-86,766
| -2% | -$8.35M |
|
10
Arch Capital
ACGL
$33.9B
| $368M | 4.26% |
3,987,972
+816,750
| +26% | +$82.4M |
|
11
GE HealthCare
GEHC
$33.8B
| $357M | 4.13% |
4,572,382
-1,107,639
| -20% | -$94.2M |
|
|
12
Interactive Brokers
IBKR
$42.5B
| $327M | 3.78% |
7,392,692
-6,137,360
| -45% | -$258M |
|
13
RenaissanceRe
RNR
$13.4B
| $322M | 3.73% |
1,294,662
-599,750
| -32% | -$161M |
|
|
14
Alphabet (Google) Class C
GOOG
$4.18T
| $282M | 3.26% |
1,479,505
-1,784,517
| -55% | -$315M |
|
|
15
Capital One
COF
$134B
| $279M | 3.23% |
+1,565,495
| New | +$271M |
|
16
Visa
V
$693B
| $273M | 3.15% |
862,868
-317,207
| -27% | -$95.4M |
|
|
17
CME Group
CME
$98.9B
| $224M | 2.59% |
+964,421
| New | +$222M |
|
|
18
Eli Lilly
LLY
$1.12T
| $217M | 2.51% |
+280,981
| New | +$233M |
|
|
19
First Citizens BancShares
FCNCA
$24.7B
| $217M | 2.51% |
102,516
-146,291
| -59% | -$306M |
|
20
Mastercard
MA
$509B
| $205M | 2.37% |
388,726
-245,978
| -39% | -$127M |
|
21
ICICI Bank
IBN
$107B
| $191M | 2.21% |
6,385,876
+2,422,251
| +61% | +$73.1M |
|
|
EMBJ
22
Embraer S.A. ADS
EMBJ
$13.5B
| $133M | 1.54% |
3,634,426
-73,098
| -2% | -$2.63M |
|
|
23
Lithia Motors
LAD
$8.15B
| $113M | 1.31% |
+316,845
| New | +$112M |
|
|
24
Intercontinental Exchange
ICE
$90.5B
| $109M | 1.26% |
+733,307
| New | +$116M |
|
25
LPL Financial
LPLA
$28.5B
| $84.1M | 0.97% |
+257,710
| New | +$76.2M |
|
Similar funds
John Armitage's Q4 2024 Portfolio in Review
As of Q4 2024, John Armitage held 38 positions worth $8.65B, down 13% from $9.91B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
John Armitage withdrew a net $1.42B in Q4 2024, closing 8 positions and reducing 16 holdings. Its most notable exit was Uber, an estimated $254M position sold in full.
By sector, the portfolio is most concentrated in Financials at 39% of assets, up from 33% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, John Armitage opened a new position in Capital One worth $279M.
- John Armitage's largest Q4 2024 buy was Capital One: 1,565,495 shares worth $279M.
- John Armitage added most to Arch Capital in Q4 2024, an estimated $82.4M increase.
- John Armitage's biggest Q4 2024 reduction was Alphabet (Google) Class C, cutting an estimated $315M.
- John Armitage fully exited Uber in Q4 2024, selling an estimated $254M.
- John Armitage's ten largest holdings make up 59% of its $8.65B portfolio in Q4 2024.
- John Armitage opened 8 new positions and closed 8 in Q4 2024.
- John Armitage's portfolio value fell 13% quarter-over-quarter to $8.65B.
Based on Egerton Capital (UK)'s 13F filing for Q4 2024, filed 10 Feb 2025.