Investor: John Armitage
Number of Assets: 23
Reporting Period: Q4 - 2025
Holdings at Report: $9,200,432,020
Return Since Report: -$746,492,244
Return Since Report: -8.11%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Alphabet Inc. (GOOG) | Equity | +100% | 1,078,768 | 3.68% | $313.80 | $286.39 | $338,517,398 | $308,948,368 | -$29,569,030 | -8.73% |
| Amazon.com Inc. (AMZN) | Equity | +45.38% | 5,892,496 | 14.78% | $230.82 | $208.30 | $1,360,105,927 | $1,227,406,917 | -$132,699,010 | -9.76% |
| Amphenol Corp. (APH) | Equity | -3.02% | 3,707,911 | 5.45% | $135.14 | $126.35 | $501,087,093 | $468,494,555 | -$32,592,538 | -6.50% |
| Boston Scientific Corp. (BSX) | Equity | +1.37% | 5,385,084 | 5.58% | $95.35 | $62.36 | $513,467,759 | $335,786,913 | -$177,680,846 | -34.60% |
| Capital One Financial Corp. (COF) | Equity | -0.42% | 2,069,130 | 5.45% | $242.36 | $182.19 | $501,474,347 | $376,974,795 | -$124,499,552 | -24.83% |
| Carpenter Technology Corp. (CRS) | Equity | +13.00% | 1,553,012 | 5.31% | $314.84 | $395.50 | $488,950,298 | $614,208,481 | +$125,258,183 | +25.62% |
| CME Group Inc. (CME) | Equity | -0.42% | 1,179,792 | 3.50% | $273.08 | $295.45 | $322,177,599 | $348,569,546 | +$26,391,947 | +8.19% |
| CRH PLC (CRH) | Equity | -46.93% | 2,261,060 | 3.07% | $124.80 | $105.35 | $282,180,288 | $238,202,671 | -$43,977,617 | -15.58% |
| Embraer S.A. (ERJ) | Equity | +54.85% | 3,278,140 | 2.29% | $64.37 | $64.37 | $211,013,872 | $211,013,872 | -$0 | -0.00% |
| Ferguson Enterprises Inc. (FERG) | Equity | -61.22% | 1,008,314 | 2.44% | $222.63 | $234.10 | $224,480,946 | $236,041,266 | +$11,560,320 | +5.15% |
| Interactive Brokers Group Inc. (IBKR) | Equity | +10.96% | 6,939,581 | 4.85% | $64.31 | $67.07 | $446,284,454 | $465,437,698 | +$19,153,244 | +4.29% |
| Lamar Advertising Company (LAMR) | Equity | -0.25% | 722,083 | 0.99% | $126.58 | $126.75 | $91,401,266 | $91,524,020 | +$122,754 | +0.13% |
| Lpl Financial Holdings Inc. (LPLA) | Equity | +100% | 254,813 | 0.99% | $357.17 | $302.28 | $91,011,559 | $77,024,874 | -$13,986,685 | -15.37% |
| Mastercard Inc. (MA) | Equity | -0.39% | 458,342 | 2.84% | $570.88 | $499.72 | $261,658,281 | $229,042,664 | -$32,615,617 | -12.46% |
| Microsoft Corp. (MSFT) | Equity | -3.43% | 1,748,656 | 9.19% | $483.62 | $370.17 | $845,685,015 | $647,299,992 | -$198,385,023 | -23.46% |
| Moody's Corp. (MCO) | Equity | +100% | 773,409 | 4.29% | $510.85 | $438.19 | $395,095,988 | $338,900,090 | -$56,195,898 | -14.22% |
| The New York Times Company (NYT) | Equity | +100% | 1,410,003 | 1.06% | $69.42 | $83.73 | $97,882,408 | $118,059,551 | +$20,177,143 | +20.61% |
| Renaissancere Holdings Ltd. (RNR) | Equity | +100% | 490,626 | 1.50% | $281.16 | $298.15 | $137,944,406 | $146,280,142 | +$8,335,736 | +6.04% |
| Seagate Technology Holdings PLC (STX) | Equity | -54.22% | 729,325 | 2.18% | $275.39 | $390.93 | $200,848,812 | $285,115,022 | +$84,266,210 | +41.96% |
| Uber Technologies Inc. (UBER) | Equity | +100% | 2,681,172 | 2.38% | $81.71 | $71.89 | $219,078,564 | $192,749,455 | -$26,329,109 | -12.02% |
| Visa Inc. (V) | Equity | +37.24% | 3,270,999 | 12.47% | $350.71 | $301.42 | $1,147,172,059 | $985,928,164 | -$161,243,895 | -14.06% |
| Vulcan Materials Company (VMC) | Equity | +100% | 960,173 | 2.98% | $285.22 | $272.74 | $273,860,543 | $261,877,584 | -$11,982,959 | -4.38% |
| Wynn Resorts Limited (WYNN) | Equity | +100% | 2,069,751 | 2.71% | $120.33 | N/A | $249,053,138 | N/A | N/A | N/A |