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 |
Ferguson
FERG
|
+$411M |
| 2 |
Visa
V
|
+$332M |
| 3 |
Capital One
COF
|
+$269M |
| 4 |
Microsoft
MSFT
|
+$224M |
| 5 |
Seagate
STX
|
+$212M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FISV
Fiserv Inc
FISV
|
+$526M |
| 2 |
Eli Lilly
LLY
|
+$407M |
| 3 |
Flutter Entertainment
FLUT
|
+$183M |
| 4 |
Amazon
AMZN
|
+$175M |
| 5 |
ICICI Bank
IBN
|
+$159M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 41.57% |
| 2 | Industrials | 18.97% |
| 3 | Technology | 15.66% |
| 4 | Consumer Discretionary | 11.76% |
| 5 | Communication Services | 5.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.59T
| $917M | 9.41% |
1,844,066
+515,533
| +39% | +$224M |
|
|
2
Amazon
AMZN
$2.79T
| $732M | 7.51% |
3,337,385
-884,482
| -21% | -$175M |
|
3
Progressive
PGR
$127B
| $704M | 7.22% |
2,637,961
-140,871
| -5% | -$38.6M |
|
|
4
Visa
V
$693B
| $678M | 6.96% |
1,910,315
+951,330
| +99% | +$332M |
|
5
Carpenter Technology
CRS
$24.4B
| $528M | 5.41% |
1,909,067
+89,182
| +5% | +$19.4M |
|
|
6
Capital One
COF
$134B
| $497M | 5.09% |
2,333,642
+1,441,983
| +162% | +$269M |
|
|
7
Ferguson
FERG
$46.9B
| $486M | 4.99% |
+2,233,326
| New | +$411M |
|
8
Interactive Brokers
IBKR
$42.5B
| $446M | 4.58% |
8,056,844
+720,968
| +10% | +$34.2M |
|
9
CME Group
CME
$98.9B
| $420M | 4.31% |
1,522,936
-207,258
| -12% | -$56.4M |
|
10
CRH
CRH
$63.2B
| $420M | 4.3% |
4,570,564
+339,328
| +8% | +$31M |
|
|
11
Flutter Entertainment
FLUT
$17.8B
| $414M | 4.25% |
1,449,911
-743,883
| -34% | -$183M |
|
12
Meta Platforms (Facebook)
META
$1.4T
| $407M | 4.17% |
551,295
-191,160
| -26% | -$118M |
|
13
Arch Capital
ACGL
$33.9B
| $386M | 3.96% |
4,240,966
-84,251
| -2% | -$7.77M |
|
14
Canadian Pacific Kansas City
CP
$85B
| $361M | 3.71% |
4,557,181
+391,636
| +9% | +$30.1M |
|
15
GE Aerospace
GE
$361B
| $325M | 3.33% |
1,261,839
-235,515
| -16% | -$51.7M |
|
16
Amphenol
APH
$194B
| $313M | 3.21% |
3,168,473
+1,405,850
| +80% | +$115M |
|
17
LPL Financial
LPLA
$28.5B
| $312M | 3.2% |
832,516
-38,749
| -4% | -$13.6M |
|
|
18
Seagate
STX
$193B
| $296M | 3.04% |
+2,051,434
| New | +$212M |
|
19
Mastercard
MA
$509B
| $236M | 2.42% |
420,046
+39,825
| +10% | +$22M |
|
20
Intercontinental Exchange
ICE
$90.5B
| $198M | 2.03% |
1,079,911
-21,508
| -2% | -$3.7M |
|
21
Boston Scientific
BSX
$73B
| $176M | 1.81% |
+1,640,956
| New | +$166M |
|
22
First Citizens BancShares
FCNCA
$24.7B
| $174M | 1.79% |
89,010
-35,763
| -29% | -$64.9M |
|
23
Alphabet (Google) Class C
GOOG
$4.18T
| $171M | 1.76% |
965,393
-700,315
| -42% | -$116M |
|
24
Aramark
ARMK
$15.8B
| $118M | 1.22% |
2,829,545
+754,419
| +36% | +$28M |
|
25
Builders FirstSource
BLDR
$7.55B
| $30.6M | 0.31% |
+262,628
| New | +$30.3M |
|
Similar funds
John Armitage's Q2 2025 Portfolio in Review
As of Q2 2025, John Armitage held 31 positions worth $9.75B, up 12% from $8.67B the previous quarter. Its ten largest holdings account for 60% of the portfolio.
John Armitage's Q2 2025 filing shows 4 new, 10 increased, 11 reduced and 6 closed positions. Its largest new stake was Ferguson: 2,233,326 shares worth $486M. The largest sale was Fiserv Inc, an estimated $526M.
By sector, the portfolio is most concentrated in Financials at 42% of assets, down from 42% a quarter earlier, followed by Industrials and Technology.
- John Armitage's largest Q2 2025 buy was Ferguson: 2,233,326 shares worth $486M.
- John Armitage added most to Visa in Q2 2025, an estimated $332M increase.
- John Armitage's biggest Q2 2025 reduction was Flutter Entertainment, cutting an estimated $183M.
- John Armitage fully exited Fiserv Inc in Q2 2025, selling an estimated $526M.
- John Armitage's ten largest holdings make up 60% of its $9.75B portfolio in Q2 2025.
- John Armitage opened 4 new positions and closed 6 in Q2 2025.
- John Armitage's portfolio value rose 12% quarter-over-quarter to $9.75B.
Based on Egerton Capital (UK)'s 13F filing for Q2 2025, filed 12 Aug 2025.