Findlay Park Partners LLP's Q3 2023 13F: 3 new positions, 3 exits
Form 13F-HR for the quarter ended Sep 30, 2023 · filed Nov 7, 2023 · 60 reported positions · accession 0000943663-23-000165
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | CANADIAN PACIFIC KANSAS CITY (CP) | — | 1.9% | +1.9 pts | +2.35M sh | new |
| Exited | Union Pac Corp (UNP) | 1.4% | — | −1.4 pts | −647K sh | −100% |
| Exited | Costar Group Inc (CSGP) | 1.2% | — | −1.2 pts | −1.26M sh | −100% |
| New | Agilent Technologies Inc (A) | — | 1.2% | +1.2 pts | +958K sh | new |
| Reduced | Berkshire Hathaway Inc Del (BRK-B) | 3.1% | 2.2% | −0.9 pts | −293K sh | −34% |
| Increased | Live Nation Entertainment In (LYV) | 1.8% | 2.7% | +0.9 pts | +1.09M sh | +55% |
| Reduced | Ferguson PLC New (FERG) | 2.7% | 2.0% | −0.6 pts | −505K sh | −31% |
| New | WATERS CORP (WAT) | — | 0.8% | +0.8 pts | +285K sh | new |
| Reduced | TopBuild Corp (BLD) | 3.5% | 2.6% | −0.9 pts | −306K sh | −24% |
| Increased | Waste Connections Inc (WCN) | 2.2% | 3.0% | +0.7 pts | +543K sh | +36% |
| Reduced | Nvidia Corporation (NVDA) | 2.5% | 1.9% | −0.6 pts | −167K sh | −30% |
| Increased | Api Group Corp (APG) | 0.3% | 1.1% | +0.7 pts | +2.66M sh | +226% |
| Reduced | Installed Bldg Prods Inc (IBP) | 1.2% | 0.4% | −0.8 pts | −512K sh | −60% |
| Reduced | Martin Marietta Matls Inc (MLM) | 3.2% | 2.4% | −0.8 pts | −131K sh | −19% |
| Reduced | EOG Res Inc (EOG) | 3.4% | 3.4% | 0.0 pts | −416K sh | −14% |
| Exited | Nordson Corp (NDSN) | 0.6% | — | −0.6 pts | −218K sh | −100% |
| Reduced | Danaher Corporation (DHR) | 1.4% | 1.1% | −0.3 pts | −172K sh | −30% |
| Reduced | Airbnb Inc (ABNB) | 1.3% | 1.0% | −0.3 pts | −296K sh | −30% |
| Increased | Keysight Technologies Inc (KEYS) | 1.4% | 1.6% | +0.2 pts | +297K sh | +36% |
| Increased | Thermo Fisher Scientific Inc (TMO) | 1.5% | 1.9% | +0.4 pts | +76,231 sh | +27% |
| Reduced | Pool Corp (POOL) | 1.7% | 1.3% | −0.4 pts | −102K sh | −23% |
| Reduced | Jacobs Solutions Inc (J) | 2.0% | 2.0% | +0.1 pts | −208K sh | −13% |
| Reduced | Sherwin Williams Co (SHW) | 2.4% | 2.1% | −0.3 pts | −103K sh | −12% |
| Increased | Unitedhealth Group Inc (UNH) | 1.4% | 1.8% | +0.4 pts | +50,855 sh | +18% |
| Increased | Elevance Health Inc (ELV) | 0.8% | 1.0% | +0.3 pts | +55,636 sh | +34% |
| Reduced | Microsoft Corp (MSFT) | 6.2% | 6.0% | −0.2 pts | −16,590 sh | −1% |
| Reduced | Mastercard Incorporated (MA) | 3.0% | 3.1% | +0.1 pts | −6,951 sh | −1% |
| Reduced | Gallagher Arthur J & Co (AJG) | 2.6% | 2.8% | +0.2 pts | −10,868 sh | −1% |
| Reduced | T-Mobile US Inc (TMUS) | 2.6% | 2.7% | +0.1 pts | −17,173 sh | −1% |
| Reduced | Intuit (INTU) | 2.3% | 2.7% | +0.4 pts | −4,597 sh | −1% |
| Reduced | Accenture PLC Ireland (ACN) | 2.6% | 2.7% | +0.1 pts | −7,590 sh | −1% |
| Reduced | Conocophillips (COP) | 2.2% | 2.6% | +0.4 pts | −19,036 sh | −1% |
| Reduced | S&P Global Inc (SPGI) | 2.7% | 2.5% | −0.1 pts | −6,032 sh | −1% |
| Reduced | Gartner Inc (IT) | 2.4% | 2.4% | 0.0 pts | −6,206 sh | −1% |
| Reduced | Marsh & Mclennan Cos Inc (MRSH) | 2.1% | 2.3% | +0.1 pts | −10,371 sh | −1% |
| Reduced | Intercontinental Exchange In (ICE) | 2.1% | 2.2% | 0.0 pts | −17,233 sh | −1% |
| Reduced | CBRE Group Inc (CBRE) | 2.1% | 2.0% | −0.1 pts | −23,397 sh | −1% |
| Reduced | Alphabet Inc (GOOG) | 1.6% | 1.8% | +0.2 pts | −11,992 sh | −1% |
| Reduced | CDW Corp (CDW) | 1.5% | 1.7% | +0.2 pts | −7,226 sh | −1% |
| Reduced | United Rentals Inc (URI) | 1.6% | 1.6% | +0.1 pts | −3,194 sh | −1% |
| Reduced | Teledyne Technologies Inc (TDY) | 1.5% | 1.6% | 0.0 pts | −3,387 sh | −1% |
| Reduced | Autodesk Inc (ADSK) | 1.5% | 1.6% | +0.1 pts | −6,625 sh | −1% |
| Reduced | Aecom (ACM) | 1.5% | 1.5% | 0.0 pts | −16,156 sh | −1% |
| Reduced | Royal Gold Inc (RGLD) | 1.5% | 1.5% | −0.1 pts | −12,265 sh | −1% |
| New |
LIBERTY MEDIA CORP DEL (LLYVK)
new — newly listed security (e.g. spin-off)
|
— | 0.0% | 0.0 pts | +39,895 sh | new |
| Reduced | Analog Devices Inc (ADI) | 1.5% | 1.4% | −0.1 pts | −7,213 sh | −1% |
| Reduced | Schwab Charles Corp (SCHW) | 1.4% | 1.4% | 0.0 pts | −22,048 sh | −1% |
| Reduced | MICROCHIP TECHNOLOGY INC. (MCHP) | 1.3% | 1.2% | −0.1 pts | −13,616 sh | −1% |
| Reduced | Steris PLC (STE) | 1.1% | 1.2% | 0.0 pts | −4,628 sh | −1% |
| Reduced | West Pharmaceutical Svsc Inc (WST) | 1.1% | 1.1% | 0.0 pts | −2,611 sh | −1% |
The 50 largest of 62 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- LIBERTY MEDIA CORP DEL (FWONK): 531229854 → 531229755, 939K → 930K shares
Top 10 positions — 31.8% of the equity book
Changes in the top 10 this quarter: WCN entered · LYV entered · INTU entered · ACN entered · MLM left · BRK-B left · SPGI left · FERG left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | Microsoft Corp (MSFT) | 6.2% | 6.0% | |
| 2 | EOG Res Inc (EOG) | 3.4% | 3.4% | |
| 3 | Mastercard Incorporated (MA) | 3.0% | 3.1% | |
| 4 | Waste Connections Inc (WCN) | 2.2% | 3.0% | Entered the top 10 |
| 5 | Gallagher Arthur J & Co (AJG) | 2.6% | 2.8% | |
| 6 | T-Mobile US Inc (TMUS) | 2.6% | 2.7% | |
| 7 | Live Nation Entertainment In (LYV) | 1.8% | 2.7% | Entered the top 10 |
| 8 | Intuit (INTU) | 2.3% | 2.7% | Entered the top 10 |
| 9 | Accenture PLC Ireland (ACN) | 2.6% | 2.7% | Entered the top 10 |
| 10 | TopBuild Corp (BLD) | 3.5% | 2.6% | |
| — | Martin Marietta Matls Inc (MLM) | 3.2% | 2.4% | Left the top 10 |
| — | Berkshire Hathaway Inc Del (BRK-B) | 3.1% | 2.2% | Left the top 10 |
| — | S&P Global Inc (SPGI) | 2.7% | 2.5% | Left the top 10 |
| — | Ferguson PLC New (FERG) | 2.7% | 2.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).