Investor: John Armitage
Number of Assets: 24
Reporting Period: Q1 - 2026
Holdings at Report: $9,010,197,462
Return Since Report: +$1,084,479,673
Return Since Report: +12.04%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Amphenol Corp. (APH) | Equity | -22.56% | 2,871,353 | 4.03% | $126.35 | $163.96 | $362,795,452 | $470,787,038 | +$107,991,586 | +29.77% |
| Arch Capital Group Ltd. (ACGL) | Equity | +100% | 1,116,922 | 1.19% | $95.99 | $91.18 | $107,213,343 | $101,840,948 | -$5,372,395 | -5.01% |
| Armstrong World Industries Inc. (AWI) | Equity | +100% | 448,036 | 0.82% | $164.80 | $157.88 | $73,836,333 | $70,735,924 | -$3,100,409 | -4.20% |
| Canadian Natural Resources Limited (CNQ) | Equity | +100% | 5,690,211 | 3.07% | $48.69 | $41.05 | $277,056,374 | $233,583,162 | -$43,473,212 | -15.69% |
| Carpenter Technology Corp. (CRS) | Equity | -14.30% | 1,330,920 | 5.82% | $394.15 | $586.47 | $524,582,118 | $780,544,652 | +$255,962,534 | +48.79% |
| CME Group Inc. (CME) | Equity | +0.26% | 1,182,907 | 3.88% | $295.35 | $246.38 | $349,371,582 | $291,444,627 | -$57,926,955 | -16.58% |
| CRH PLC (CRH) | Equity | +22.04% | 2,759,331 | 3.22% | $105.12 | $111.24 | $290,060,875 | $306,947,980 | +$16,887,105 | +5.82% |
| Devon Energy Corp. (DVN) | Equity | +100% | 6,525,140 | 3.64% | $50.32 | $42.12 | $328,345,045 | $274,838,897 | -$53,506,148 | -16.30% |
| Embraer S.A. (ERJ) | Equity | -9.24% | 2,975,231 | 1.96% | $59.34 | $64.37 | $176,550,208 | $191,515,619 | +$14,965,411 | +8.48% |
| Ferguson Enterprises Inc. (FERG) | Equity | -37.10% | 634,258 | 1.64% | $233.26 | $238.35 | $147,947,021 | $151,175,394 | +$3,228,373 | +2.18% |
| Interactive Brokers Group Inc. (IBKR) | Equity | -9.57% | 6,275,179 | 4.67% | $67.07 | $96.00 | $420,876,256 | $602,417,184 | +$181,540,928 | +43.13% |
| Alphabet Inc. (GOOG) | Equity | +220.70% | 3,459,649 | 11.01% | $286.86 | $367.46 | $992,434,912 | $1,271,282,622 | +$278,847,710 | +28.10% |
| Amazon.com Inc. (AMZN) | Equity | -59.89% | 2,363,334 | 5.46% | $208.27 | $244.39 | $492,211,572 | $577,575,196 | +$85,363,624 | +17.34% |
| Lamar Advertising Company (LAMR) | Equity | +50.78% | 1,088,744 | 1.53% | $126.66 | $149.65 | $137,900,315 | $162,930,540 | +$25,030,225 | +18.15% |
| The New York Times Company (NYT) | Equity | -31.07% | 971,884 | 0.90% | $83.73 | $73.06 | $81,375,847 | $71,005,845 | -$10,370,002 | -12.74% |
| Nvidia Corp. (NVDA) | Equity | +100% | 2,675,018 | 5.18% | $174.40 | $210.69 | $466,523,139 | $563,599,542 | +$97,076,403 | +20.81% |
| Renaissancere Holdings Ltd. (RNR) | Equity | -35.33% | 317,308 | 1.05% | $297.23 | $299.17 | $94,313,457 | $94,929,034 | +$615,577 | +0.65% |
| Uber Technologies Inc. (UBER) | Equity | +73.52% | 4,652,363 | 3.71% | $71.93 | $71.64 | $334,644,471 | $333,295,285 | -$1,349,186 | -0.40% |
| Visa Inc. (V) | Equity | +25.68% | 4,110,970 | 13.79% | $302.24 | $327.24 | $1,242,499,573 | $1,345,273,823 | +$102,774,250 | +8.27% |
| Linde PLC (LIN) | Equity | +100% | 1,068,371 | 5.88% | $495.76 | $512.15 | $529,655,607 | $547,166,208 | +$17,510,601 | +3.31% |
| Medline INC | Equity | +100% | 4,365,802 | 2.16% | $44.50 | N/A | $194,278,189 | N/A | N/A | N/A |
| Mastercard Inc. (MA) | Equity | +0.29% | 459,652 | 2.55% | $499.66 | $489.79 | $229,669,718 | $225,132,953 | -$4,536,765 | -1.98% |
| Moody's Corp. (MCO) | Equity | +99.85% | 1,545,670 | 7.48% | $436.25 | $450.67 | $674,298,538 | $696,587,099 | +$22,288,561 | +3.31% |
| Vulcan Materials Company (VMC) | Equity | +84.26% | 1,769,216 | 5.35% | $272.30 | $302.84 | $481,757,517 | $535,789,373 | +$54,031,856 | +11.22% |