Tracking John Armitage’s Egerton Capital Portfolio – Q4 2024 Update

• John Armitage’s 13F portfolio value decreased from $9.91B to $8.65B this quarter.
• Egerton Capital added Capital One Financial (COF) while decreasing Amazon.com (AMZN), and Meta Platforms (META).
• Microsoft (MSFT), Progressive Corp (PGR), and Amazon.com (AMZN) are the largest three positions in the portfolio. 

John Arimitage’s 13F portfolio value decreased from $9.91B to $8.65B this quarter. The portfolio is very concentrated with recent 13Fs listing around 25 positions. The largest five individual stock positions are Microsoft (MSFT), Progressive Corp (PGR), Amazon.com (AMZN), Capital One Financial (COF), and Flutter Entertainment (FLUT). They add up to ~34% of the entire portfolio.

 

To learn about individual investing, check out the classics The Intelligent Investor and Security Analysis.

 

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q4 2024. For a look at how the portfolio has progressed, see our previous update:

 

 

Tracking John Armitage’s Egerton Capital Portfolio – Q3 2024 Update

• John Armitage’s 13F portfolio value remained almost steady at $9.91B this quarter.
• Egerton Capital increased Microsoft (MSFT), Progressive Corp (PGR), Mastercard (MA) and Uber Technologies (UBER) while decreasing Canadian Pacific (CP), Meta Platforms (META), Amazon.com (AMZN), Visa (V) and Booking Holdings (BKNG).
• Microsoft (MSFT), Progressive Corp (PGR), and Canadian Pacific (CP) are the largest three positions in the portfolio. 

John Arimitage’s 13F portfolio value remained almost steady at $9.91B this quarter. The portfolio is very concentrated with recent 13Fs listing around 25 positions. The largest five individual stock positions are Microsoft (MSFT), Progressive Corp (PGR), Canadian Pacific (CP), Meta Platforms (META), and Amazon.com (AMZN). They add up to ~34% of the entire portfolio.

 

To learn about individual investing, check out the classics The Intelligent Investor and Security Analysis.

 

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q3 2024. For a look at how the portfolio has progressed, see our previous update:

 

Tracking John Armitage’s Egerton Capital Portfolio – Q2 2024 Update

• John Armitage’s 13F portfolio value decreased from $10.35B to $9.90B this quarter.
• Egerton Capital increased Alphabet (GOOG), Booking Holdings (BKNG), and Interactive Brokers (IBKR) while reducing Amazon, GE Healthcare (GEHC), and Canadian National Railway (CNI).
• Amazon.com (AMZN), Canadian Pacific (CP), and Meta Platforms (META) are the largest three positions in the portfolio.

John Arimitage’s 13F portfolio value decreased from $10.35B to $9.90B this quarter. The portfolio is very concentrated with recent 13Fs listing around 25 positions. The largest five individual stock positions are Amazon.com (AMZN), Canadian Pacific (CP), Meta Platforms (META), Visa (V), and Microsoft (MSFT). They add up to ~35% of the entire portfolio.

 

To learn about individual investing, check out the classics The Intelligent Investor and Security Analysis.

 

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q2 2024. For a look at how the portfolio has progressed, see our previous update:

 

Tracking John Armitage’s Egerton Capital Portfolio – Q1 2024 Update

• John Armitage’s 13F portfolio value increased from $9.23B to $10.35B this quarter.
• Egerton Capital increased GE Healthcare (GEHC) and Canadian National Railway (CNI) while reducing Canadian Pacific (CP), Visa Inc. (V), and Meta Platforms (META).
• Amazon.com (AMZN), Canadian Pacific (CP), and GE Healthcare (GEHC) are the largest three positions in the portfolio.

John Arimitage’s 13F portfolio value increased from $9.23B to $10.35B this quarter. The portfolio is very concentrated with recent 13Fs listing around 25 positions. The largest five individual stock positions are Amazon.com (AMZN), Canadian Pacific (CP), GE Healthcare (GEHC), Canadian National Railway (CNI), and Visa (V). They add up to ~40% of the entire portfolio.

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q4 2023. For a look at how the portfolio has progressed, see our previous update:

 

Tracking John Armitage’s Egerton Capital Portfolio – Q4 2023 Update

•  John Armitage’s 13F portfolio value increased from $8.62B to $9.23B this quarter. 
• Egerton Capital increased Amazon.com (AMZN) and Microsoft (MSFT) while reducing Canadian Pacific (CP) and Meta Platforms (META). 
• Visa (V), Canadian Pacific (CP), and Amazon.com (AMZN) are the largest three positions in the portfolio. 

John Arimitage’s 13F portfolio value increased from $8.62B to $9.23B this quarter. The portfolio is very concentrated with recent 13Fs listing around 25 positions. The largest five individual stock positions are Visa (V), Canadian Pacific (CP), Amazon.com (AMZN), Canadian National Railway (CNI), and Microsoft (MSFT). They add up to ~42% of the entire portfolio.

 

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q4 2023. For a look at how the portfolio has progressed, see our previous update:

 

 

 

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

 

Tracking John Armitage’s Egerton Capital Portfolio – Q3 2023 Update

• John Armitage’s 13F portfolio value decreased from $9.70B to $8.62B this quarter. 
• Egerton Capital increased Meta Platforms (META) and Cenovus Energy (CVE) while reducing Canadian National Railway (CNI). 
• Canadian Pacific (CP), Canadian National Railway (CNI), and Visa (V) are the largest three positions in the portfolio. 

John Arimitage’s 13F portfolio value increased ~5% from $9.26B to $9.70B this quarter. The portfolio is very concentrated with recent 13Fs listing around 25 positions. The largest five individual stock positions are Canadian Pacific (CP), Visa (V), Meta Platforms (META), Alphabet (GOOG), and Schlumberger (SLB). They add up to ~45% of the entire portfolio.

 

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q3 2023. For a look at how the portfolio has progressed, see our previous update:

 

 

 

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

 

Tracking John Armitage’s Egerton Capital Portfolio – Q2 2023 Update

• John Armitage’s 13F portfolio value increased from $9.26B to $9.70B this quarter. 
• Egerton Capital added General Electric (GE) and KLA Corp (KLAC) while dropping Lowes (LOW) and LPL Financial (LPLA). 
• Canadian Pacific (CP), Canadian National Railway (CNI), and Visa (V) are the largest three positions in the portfolio. 

John Arimitage’s 13F portfolio value increased ~5% from $9.26B to $9.70B this quarter. The portfolio is very concentrated with recent 13Fs listing around 25 positions. The largest five individual stock positions are Canadian Pacific (CP), Canadian National Railway (CNI), Visa (V), Microsoft (MSFT), and Meta Platforms (META). They add up to ~43% of the entire portfolio.

 

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q2 2023. For a look at how the portfolio has progressed, see our previous update:

 

 

 

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

 

Tracking John Armitage’s Egerton Capital Portfolio – Q1 2023 Update

•  John Armitage’s 13F portfolio value decreased from $11.62B to $9.26B this quarter. 
• Egerton Capital added Fiserv and Meta Platforms while decreasing Mastercard, Alphabet, and Lowes. 
• Canadian Pacific, Canadian National Railway, and Visa are the largest three positions in the portfolio. 

John Arimitage’s 13F portfolio value decreased ~20% from $11.62B to $9.26B this quarter. The portfolio is very concentrated with recent 13Fs listing around 25 positions. The largest five individual stock positions are Canadian Pacific, Canadian National Railway, Visa, First Citizens Bank, and Schlumberger. They add up to ~47% of the entire portfolio.

 

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q1 2023. For a look at how the portfolio has progressed, see our previous update:

 

 

 

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

 

Tracking John Armitage’s Egerton Capital Portfolio – Q4 2022 Update

•  John Armitage’s 13F portfolio value decreased from $12.88B to $11.62B this quarter. 
• Egerton Capital added Schlumberger while decreasing Microsoft and dropping Amazon. 
• Canadian Pacific, Canadian National Railway, and Charles Schwab are the largest three positions in the portfolio. 

John Arimitage’s 13F portfolio value decreased ~10% from $12.88B to $11.62B this quarter. The portfolio is very concentrated with recent 13Fs listing around 25 positions. The largest five individual stock positions are Canadian Pacific, Canadian National Railway, Charles Schwab, Visa, and Alphabet. They add up to ~44% of the entire portfolio.

 

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q4 2022. For a look at how the portfolio has progressed, see our previous update:

 

 

 

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

 

Tracking John Armitage’s Egerton Capital Portfolio – Q3 2022 Update

• John Armitage’s 13F portfolio value decreased from $14.81B to $12.88B this quarter. 
• Egerton Capital added Amazon and increased Cenovus Energy while decreasing Taiwan Semi and KKR and dropping Bath & Body Works. 
• Canadian Pacific, Canadian National Railway, and Microsoft are the largest three positions in the portfolio. 

John Arimitage’s 13F portfolio value decreased ~13% from $14.81B to $12.88B this quarter. The portfolio is very concentrated with recent 13Fs listing around 25 positions. The largest five individual stock positions are Canadian Pacific, Canadian National Railway, Microsoft Corp, Alphabet, and Charles Schwab. They add up to ~44% of the entire portfolio.

 

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q3 2022. For a look at how the portfolio has progressed, see our previous update:

 

 

 

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

 

Tracking John Armitage’s Egerton Capital Portfolio – Q2 2022 Update

• John Armitage’s 13F portfolio value decreased from $18.91B to $14.81B this quarter. 
• Egerton Capital added Taiwan Semi and Cenovus Energy while dropping Amazon.com and Charter Communications. 
• Canadian Pacific, Microsoft, and Canadian National Railway are the largest three positions in the portfolio. 

John Arimitage’s 13F portfolio value decreased ~22% from $18.91B  to $14.81B this quarter. The portfolio is very concentrated with recent 13Fs listing around 25 positions. The largest five individual stock positions are Canadian Pacific, Microsoft Corp, Canadian National Railway, Alphabet, and Visa. They add up to ~35% of the entire portfolio.

 

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q2 2022. For a look at how the portfolio has progressed, see our previous update:

 

 

 

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

 

Tracking John Armitage’s Egerton Capital Portfolio – Q4 2021 Update

• John Armitage’s 13F portfolio value increased from $21.04B to $21.45B this quarter. 
• Egerton Capital added Lowes and increased Amazon.com and Shopify while reducing Linde plc & Meta Platforms and dropping Comcast. 
• Alphabet, Canadian Pacific, and Microsoft are the largest three positions in the portfolio. 

 John Arimitage’s 13F portfolio value increased from $21.04B to $21.45B this quarter. The portfolio is very concentrated with recent 13Fs listing around 30 positions. The largest five individual stock positions are Alphabet, Canadian Pacific, Microsoft Corp, CSX, and Charter Communications. They add up to ~41% of the entire portfolio.

 

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q4 2021. For a look at how the portfolio has progressed, see our previous update:

 

 

 

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

 

Tracking John Armitage’s Egerton Capital Portfolio – Q3 2021 Update

•  John Armitage’s 13F portfolio value increased from $20.11B to $21.04B this quarter. 
• Egerton Capital increased Canadian Pacific, Charles Schwab, and Comcast while decreasing Amazon, Netflix, and T-Mobile US. 
• Alphabet, Canadian Pacific, and Charter Communications are the largest three positions in the portfolio. 

John Arimitage’s 13F portfolio value increased from $20.11B to $21.04B this quarter. The portfolio is very concentrated with recent 13Fs listing around 30 positions. The largest five individual stock positions are Alphabet, Canadian Pacific, Charter Communications, Microsoft Corp, and Visa. They add up to ~38% of the entire portfolio.

 

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q3 2021. For a look at how the portfolio has progressed, see our previous update:

 

 

 

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

 

Tracking John Armitage’s Egerton Capital Portfolio – Q2 2021 Update

• John Armitage’s 13F portfolio value increased from $18.98B to $20.11B this quarter. 
• Egerton Capital increased Canadian Pacific, Amaxon, and CSX while decreasing Microsoft, L Brands, and Facebook during the quarter. 
• Alphabet, Canadian Pacific, and Microsoft are the largest three positions in the portfolio. 

 John Arimitage’s 13F portfolio value increased from $18.98B to $20.11B this quarter. The portfolio is very concentrated with recent 13Fs listing around 30 positions. The largest five individual stock positions are Alphabet, Canadian Pacific, Microsoft Corp, Amazon, and Charter Communications. They add up to ~38% of the entire portfolio.

 

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q2 2021. For a look at how the portfolio has progressed, see our previous update:

 

 

 

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

 

Tracking John Armitage’s Egerton Capital Portfolio – Q1 2021 Update

• John Armitage’s 13F portfolio value increased ~8% from $17.66B to $18.98B this quarter. 
• Egerton Capital increased Alphabet, Microsoft, and Amazon while dropping Progressive Corp during the quarter. 
• Alphabet, Microsoft, and Canadian Pacific are the largest three positions in the portfolio. 

 

John Arimitage’s 13F portfolio value increased ~8% from $17.66B to $18.98B this quarter. The portfolio is very concentrated with recent 13Fs listing around 30 positions. The largest five individual stock positions are Alphabet, Microsoft Corp, Canadian Pacific, Charter Communications, and L Brands. They add up to ~34% of the entire portfolio.

 

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q1 2021. For a look at how the portfolio has progressed, see our previous update:

 

 

 

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

 

Tracking John Armitage’s Egerton Capital Portfolio – Q4 2020 Update

• John Armitage’s 13F portfolio value increased ~9% from $16.19B to $17.66B this quarter.
• Egerton Capital increased Alphabet, Visa, and Netflix while dropping Alibaba Group Holdings & Union Pacific during the quarter.
• Alphabet, Charter Communications, and Canadian Pacific are the largest three positions in the portfolio.

John Arimitage’s 13F portfolio value increased ~9% from $16.19B to $17.66B this quarter. The portfolio is very concentrated with recent 13Fs listing around 30 positions. The largest five individual stock positions are Alphabet, Charter Communications, Canadian Pacific, Microsoft Corp, and T-Mobile US. They add up to ~31% of the entire portfolio.

 

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q4 2020. For a look at how the portfolio has progressed, see our previous update:

 

 

 

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

Tracking John Armitage’s Egerton Capital Portfolio – Q3 2020 Update

• John Armitage’s 13F portfolio value increased ~20% from $13.46B to $16.19B this quarter. 
• Egerton Capital increased T-Mobile US while dropping Adobe Systems during the quarter. 
• Charter Communications, Canadian Pacific, and T-Mobile US are the largest three positions in the portfolio. 

John Arimitage’s 13F portfolio value increased ~20% from $13.46B to $16.19B this quarter. The portfolio is very concentrated with recent 13Fs listing around 30 positions. The largest five individual stock positions are Charter Communications, Canadian Pacific, T-Mobile US, Microsoft Corp, and Facebook. They add up to ~31% of the entire portfolio.

 

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q3 2020. For a look at how the portfolio has progressed, see our previous update:

 

 

 

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

 

 

Tracking John Armitage’s Egerton Capital Portfolio – Q1 2020 Update

•  John Armitage’s 13F portfolio value increased ~39% from $9.64B to $13.46B this quarter. 
• Egerton Capital added PayPal while increasing Alibaba Group Holdings and UnitedHealthGroup during the quarter. 
• Amazon.com, Charter Communications, and Alibaba Group Holdings are the largest three positions in the portfolio.

John Arimitage’s 13F portfolio value increased ~39% from $9.64B to $13.46B this quarter. The portfolio is very concentrated with recent 13Fs listing around 30 positions. The largest five individual stock positions are Amazon.com, Charter Communications, Alibaba Group Holdings, UnitedHealth Group, and Microsoft Corp. They add up to ~37% of the entire portfolio.

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q2 2020. For a look at how the portfolio has progressed, see our previous update:

 

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

 

Tracking John Armitage’s Egerton Capital Portfolio – Q4 2019 Update

• John Armitage’s 13F portfolio value remained steady at $13.96B this quarter. 
• Egerton Capital added UnitedHealth (UNH) and increased FiServ (FISV) while reducing Union Pacific (UNP) and Canadian Pacific (CP). 
• Charter Communications (CHTR), Alibaba Group Holdings (BABA), and Fiserv Inc. (FISV) are the largest three positions in the portfolio. 

John Arimitage’s 13F portfolio value remained steady at $13.96B this quarter. The portfolio is very concentrated with recent 13Fs listing around 30 positions. The largest five individual stock positions are Charter Communications (CHTR), Alibaba Group Holdings (BABA), and Fiserv Inc. (FISV), Microsoft Corporation (MSFT), and Union Pacific (UNP), and they add up to ~34% of the entire portfolio.

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q4 2019. For a look at how the portfolio has progressed, see our previous update:

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .    

Tracking John Armitage’s Egerton Capital Portfolio – Q3 2019 Update

• John Armitage’s 13F portfolio value increased from $13.66B to $13.96B this quarter. 
• Egerton Capital increased Alphabet (GOOG) and added Blackstone Group (BX) while dropping CSX Corporation (CSX). 
• Union Pacific (UNP), Charter Communications (CHTR), and Alphabet (GOOG) are the largest three positions in the portfolio. 

John Arimitage’s 13F portfolio value increased ~2% this quarter from $13.66B to $13.96B. The portfolio is very concentrated with recent 13Fs listing around 30 positions. The largest five individual stock positions are Union Pacific (UNP), Charter Communications (CHTR), Alphabet(GOOG), Alibaba Group Holdings (BABA), and Microsoft Corporation (MSFT), and they add up to ~35% of the entire portfolio.

Below is a summary:

Alphabet Inc. (GOOG): GOOG was a large 5.26% stake established in Q4 2017 at prices between $968 and $1077. There was a ~17% stake increase in Q4 2018 as well at prices between $976 and $1203. Last quarter saw the position reduced by ~60% at prices between $1036 and $1288 while this quarter saw a ~220% stake increase at prices between $1100 and $1250. The stock currently trades at $1393.

Note: Alphabet Inc. has seen several roundtrips in the portfolio going back to 2011.

MasterCard (MA): MA was first purchased in Q2 2014 at prices between $69 and $78. The position has wavered since. Recent activity follow: Q3 2018 saw a ~40% selling at prices between $196 and $223 while next quarter saw a stake doubling at prices between $175 and $224. The stock is currently trading at ~$300. Q1 2019 saw a ~15% stake increase while next quarter there was a one-third selling.

Below is a spreadsheet that highlights the changes to John Armitage's Egerton Capital 13F stock portfolio as of Q3 2019. For a look at how the portfolio has progressed, see our previous update:

To learn more about how to profit from a strategy of following the best hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .