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 |
Amazon
AMZN
|
+$421M |
| 2 |
Moody's
MCO
|
+$377M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$309M |
| 4 |
Visa
V
|
+$302M |
| 5 |
Vulcan Materials
VMC
|
+$282M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Progressive
PGR
|
+$639M |
| 2 |
Meta Platforms (Facebook)
META
|
+$397M |
| 3 |
Ferguson
FERG
|
+$380M |
| 4 |
Flutter Entertainment
FLUT
|
+$359M |
| 5 |
Arch Capital
ACGL
|
+$318M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 35.9% |
| 2 | Technology | 19.2% |
| 3 | Consumer Discretionary | 17.49% |
| 4 | Industrials | 10.05% |
| 5 | Materials | 6.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Amazon
AMZN
$2.79T
| $1.36B | 14.78% |
5,892,496
+1,839,247
| +45% | +$421M |
|
|
2
Visa
V
$693B
| $1.15B | 12.47% |
3,270,999
+887,626
| +37% | +$302M |
|
3
Microsoft
MSFT
$3.59T
| $846M | 9.19% |
1,748,656
-62,132
| -3% | -$31.1M |
|
4
Boston Scientific
BSX
$73B
| $513M | 5.58% |
5,385,084
+72,580
| +1% | +$7.12M |
|
5
Capital One
COF
$134B
| $501M | 5.45% |
2,069,130
-8,709
| -0.4% | -$1.94M |
|
6
Amphenol
APH
$194B
| $501M | 5.45% |
3,707,911
-115,511
| -3% | -$15.5M |
|
7
Carpenter Technology
CRS
$24.4B
| $489M | 5.31% |
1,553,012
+178,679
| +13% | +$53.7M |
|
8
Interactive Brokers
IBKR
$42.5B
| $446M | 4.85% |
6,939,581
+685,447
| +11% | +$45.9M |
|
|
9
Moody's
MCO
$87.2B
| $395M | 4.29% |
+773,409
| New | +$377M |
|
|
10
Alphabet (Google) Class C
GOOG
$4.18T
| $339M | 3.68% |
+1,078,768
| New | +$309M |
|
11
CME Group
CME
$98.9B
| $322M | 3.5% |
1,179,792
-4,996
| -0.4% | -$1.36M |
|
12
CRH
CRH
$63.2B
| $282M | 3.07% |
2,261,060
-1,999,786
| -47% | -$238M |
|
|
13
Vulcan Materials
VMC
$35.8B
| $274M | 2.98% |
+960,173
| New | +$282M |
|
14
Mastercard
MA
$509B
| $262M | 2.84% |
458,342
-1,813
| -0.4% | -$1.01M |
|
15
Wynn Resorts
WYNN
$10.3B
| $249M | 2.71% |
+2,069,751
| New | +$256M |
|
|
16
Ferguson
FERG
$46.9B
| $224M | 2.44% |
1,008,314
-1,591,910
| -61% | -$380M |
|
17
Uber
UBER
$161B
| $219M | 2.38% |
+2,681,172
| New | +$241M |
|
|
EMBJ
18
Embraer S.A. ADS
EMBJ
$13.5B
| $211M | 2.29% |
3,278,140
+1,161,128
| +55% | +$72.8M |
|
19
Seagate
STX
$193B
| $201M | 2.18% |
729,325
-863,658
| -54% | -$224M |
|
20
RenaissanceRe
RNR
$13.4B
| $138M | 1.5% |
+490,626
| New | +$129M |
|
21
New York Times
NYT
$10.6B
| $97.9M | 1.06% |
+1,410,003
| New | +$87.4M |
|
22
Lamar Advertising Co
LAMR
$15.3B
| $91.4M | 0.99% |
722,083
-1,774
| -0.2% | -$222K |
|
23
LPL Financial
LPLA
$28.5B
| $91M | 0.99% |
+254,813
| New | +$90.1M |
|
|
24
Arch Capital
ACGL
$33.9B
| – | – |
-3,507,882
| Closed | -$318M |
|
25
Aramark
ARMK
$15.8B
| – | – |
-3,204,201
| Closed | -$123M |
|
Similar funds
John Armitage's Q4 2025 Portfolio in Review
As of Q4 2025, John Armitage held 32 positions worth $9.2B, down 3% from $9.48B the previous quarter. Its ten largest holdings account for 71% of the portfolio.
John Armitage withdrew a net $589M in Q4 2025, closing 9 positions and reducing 9 holdings. Its most notable exit was Progressive, an estimated $639M position sold in full.
By sector, the portfolio is most concentrated in Financials at 36% of assets, down from 38% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, John Armitage opened a new position in Moody's worth $395M.
- John Armitage's largest Q4 2025 buy was Moody's: 773,409 shares worth $395M.
- John Armitage added most to Amazon in Q4 2025, an estimated $421M increase.
- John Armitage's biggest Q4 2025 reduction was Ferguson, cutting an estimated $380M.
- John Armitage fully exited Progressive in Q4 2025, selling an estimated $639M.
- John Armitage's ten largest holdings make up 71% of its $9.2B portfolio in Q4 2025.
- John Armitage opened 8 new positions and closed 9 in Q4 2025.
- John Armitage's portfolio value fell 3% quarter-over-quarter to $9.2B.
Based on Egerton Capital (UK)'s 13F filing for Q4 2025, filed 11 Feb 2026.