CCLA Investment Management
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 10, 2024), CCLA Investment Management reported 69 stock positions worth $6.5 billion. Its top holding was Microsoft (MSFT) at 4.5% of the portfolio, followed by Amazon.com (AMZN, 3.2%) and Alphabet Class C (GOOG, 2.6%). Compared with Q4 2023, it opened 1 new position, sold out of 2, added to 44 and reduced 19. The biggest buy was Transunion (TRU, shares +104814%) and the biggest sale an exit from Estee Lauder Companies Class A (EL).
- Most Recent 13F
- Q4 2025
- Location
- LONDON, X0
- CIK
- 0001631562
- Portfolio Value
- $6.5B (Q1 2024)
- SEC Filing
- 0001631562-24-000003 ↗ filed May 10, 2024
Holdings Value
Holdings 69 stocks · $6.5B
| MSFT Microsoft Corp. | 4.52% | 697,124 | $294.1M | Add +1.3% |
| AMZN Amazon.com Inc. | 3.16% | 1,143,248 | $206.0M | Reduce -0.0% |
| GOOG Alphabet Inc. Class C | 2.61% | 1,116,262 | $169.9M | Add +0.7% |
| ICLR Icon PLC | 2.54% | 500,098 | $165.4M | Add +0.4% |
| NICE Nice Ltd. - Spon ADR | 2.45% | 622,318 | $159.6M | Add +0.8% |
| V Visa Inc. Class A | 2.43% | 566,283 | $158.2M | Add +1.4% |
| TRU Transunion | 2.36% | 1,947,196 | $153.5M | Add +104813.6% |
| ICE Intercontinental Exchange Inc. | 2.35% | 1,114,291 | $152.9M | Add +91838.2% |
| ROP Roper Technologies Inc. | 2.20% | 256,026 | $143.4M | Add +7.8% |
| TMO Thermo Fisher Scientific Inc. | 2.20% | 247,093 | $143.4M | Add +0.8% |
| ANSS Ansys Inc. | 2.11% | 394,360 | $137.4M | Reduce -5.2% |
| NXPI NXP Semiconductors NV | 2.09% | 552,867 | $136.0M | Reduce -0.8% |
| EW Edwards Lifesciences Corp. | 2.06% | 1,406,714 | $134.1M | Add +100739.7% |
| MA Mastercard Inc. Class A | 2.05% | 278,438 | $133.4M | Add +1.3% |
| SPGI S&P Global Inc. | 2.05% | 314,761 | $133.3M | Reduce -6.6% |
| SNPS Synopsys Inc. | 2.04% | 231,017 | $132.7M | Add +0.2% |
| SBUX Starbucks Corp. | 2.04% | 1,446,758 | $132.6M | Add +122923.6% |
| UNH Unitedhealth Group Inc. | 2.00% | 263,936 | $130.5M | Add +0.7% |
| DHR Danaher Corp. | 1.91% | 497,990 | $124.1M | Add +0.6% |
| PEP Pepsico Inc. | 1.89% | 706,928 | $123.0M | Add +32.5% |
| AVTR Avantor Inc. | 1.86% | 4,720,144 | $120.8M | Add +147220.4% |
| TW Tradeweb Markets Inc. Class A | 1.83% | 1,140,454 | $119.2M | Add +0.7% |
| INTU Intuit Inc. | 1.80% | 179,909 | $116.9M | Reduce -19.4% |
| CME Cme Group Inc. | 1.77% | 533,744 | $115.2M | Add +2.2% |
| A Agilent Technologies Inc. | 1.75% | 773,739 | $114.1M | Add +0.9% |
| KO The Coca-Cola Co. | 1.72% | 1,835,878 | $112.2M | Add +169574.5% |
| HUM Humana Inc. | 1.68% | 313,686 | $109.7M | Add +8.9% |
| SYK Stryker Corp. | 1.64% | 296,570 | $106.6M | Reduce -16.9% |
| TT Trane Technologies PLC | 1.62% | 351,335 | $105.5M | Reduce -25.2% |
| NVDA Nvidia Corp. | 1.61% | 116,153 | $105.0M | Reduce -10.9% |
| IEX Idex Corp. | 1.60% | 425,788 | $104.5M | Add +7.7% |
| ARE Alexandria Real Estate Equit | 1.58% | 802,116 | $102.6M | Add +10.0% |
| MCD McDonald's Corp. | 1.56% | 360,337 | $101.8M | Add +24.6% |
| BIP Brookfield Infrastructure Pa | 1.54% | 3,215,941 | $100.3M | Add +29.8% |
| ADBE Adobe Inc. | 1.54% | 198,275 | $100.2M | Reduce -10.8% |
| HDB HDFC Bank Ltd.-ADR | 1.50% | 1,748,733 | $97.5M | Add +100691.5% |
| ACN Accenture PLC Class A | 1.47% | 280,783 | $96.0M | Reduce -5.5% |
| ORLY O'reilly Automotive Inc. | 1.47% | 84,031 | $95.5M | New |
| AVGO Broadcom Inc. | 1.43% | 70,370 | $93.0M | Reduce -23.5% |
| MRSH Marsh & McLennan Cos | 1.41% | 446,288 | $91.9M | Add +35.2% |
| NOW ServiceNow Inc. | 1.40% | 119,906 | $91.2M | Reduce -15.8% |
| IR Ingersoll-Rand Inc. | 1.40% | 955,335 | $91.2M | Reduce -15.7% |
| ABT Abbott Laboratories | 1.38% | 791,824 | $90.0M | Add +0.8% |
| NKE Nike Inc. Class B | 1.36% | 939,739 | $88.6M | Add +0.6% |
| TXN Texas Instruments Inc. | 1.36% | 510,884 | $88.5M | Add +14.1% |
| AME Ametek Inc. | 1.35% | 477,779 | $87.9M | Add +0.7% |
| ZTS Zoetis Inc. | 1.32% | 510,415 | $86.1M | Reduce -14.5% |
| AMT American Tower Corp. | 1.23% | 406,080 | $80.3M | Add +0.4% |
| NEE Nextera Energy Inc. | 1.20% | 1,224,020 | $78.2M | Add +114508.6% |
| DE Deere & Co. | 1.20% | 190,176 | $78.0M | Add +1.3% |
| UNP Union Pacific Corp. | 1.14% | 304,075 | $74.5M | Add +0.9% |
| COST Costco Wholesale Corp. | 1.12% | 99,572 | $73.0M | Reduce -13.4% |
| BX Blackstone Inc. | 0.96% | 478,038 | $62.7M | Reduce -22.1% |
| BEP Brookfield Renewable Partner | 0.90% | 2,530,685 | $58.7M | Add +1.4% |
| FTNT Fortinet Inc. | 0.82% | 795,117 | $53.6M | Add +0.7% |
| ARCC Ares Capital Corp. | 0.53% | 1,668,062 | $34.3M | Reduce -18.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.47% | 226,237 | $30.8M | Add +0.1% |
| ILMN Illumina Inc. | 0.44% | 207,831 | $28.8M | Add +0.3% |
| HON Honeywell International Inc. | 0.43% | 136,980 | $28.1M | Reduce -0.6% |
| MDT Medtronic PLC | 0.13% | 98,154 | $8.6M | Add +3.9% |
| RMD Resmed Inc. | 0.08% | 27,486 | $5.4M | Add +21.1% |
| ADP Automatic Data Processing | 0.07% | 17,486 | $4.4M | No change |
| JNJ Johnson & Johnson | 0.05% | 20,048 | $3.2M | Add +575.5% |
| ETN Eaton Corp. PLC | 0.04% | 7,752 | $2.4M | Reduce -10.6% |
| CSCO Cisco Systems Inc. | 0.04% | 47,442 | $2.4M | No change |
| HD Home Depot Inc. | 0.04% | 6,172 | $2.4M | No change |
| PG The Procter & Gamble Co. | 0.04% | 14,058 | $2.3M | Add +46.1% |
| USB US Bancorp | 0.03% | 37,555 | $1.7M | No change |
| PFE Pfizer Inc. | 0.02% | 44,615 | $1.2M | No change |
Portfolio Sells Q4 2023 → Q1 2024
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −1.37 |
| ADBE Adobe Inc. | Reduce -10.8% | 1.54% | −0.96 |
| ZTS Zoetis Inc. | Reduce -14.5% | 1.32% | −0.90 |
| INTU Intuit Inc. | Reduce -19.4% | 1.80% | −0.85 |
| SPGI S&P Global Inc. | Reduce -6.6% | 2.05% | −0.77 |
| ANSS Ansys Inc. | Reduce -5.2% | 2.11% | −0.73 |
| BX Blackstone Inc. | Reduce -22.1% | 0.96% | −0.58 |
| TT Trane Technologies PLC | Reduce -25.2% | 1.62% | −0.54 |
| AVGO Broadcom Inc. | Reduce -23.5% | 1.43% | −0.52 |
| ACN Accenture PLC Class A | Reduce -5.5% | 1.47% | −0.50 |
| NOW ServiceNow Inc. | Reduce -15.8% | 1.40% | −0.49 |
| SYK Stryker Corp. | Reduce -16.9% | 1.64% | −0.38 |
| NXPI NXP Semiconductors NV | Reduce -0.8% | 2.09% | −0.33 |
| COST Costco Wholesale Corp. | Reduce -13.4% | 1.12% | −0.32 |
| IR Ingersoll-Rand Inc. | Reduce -15.7% | 1.40% | −0.26 |
| ARCC Ares Capital Corp. | Reduce -18.6% | 0.53% | −0.25 |
| AMZN Amazon.com Inc. | Reduce -0.0% | 3.16% | −0.15 |
| HON Honeywell International Inc. | Reduce -0.6% | 0.43% | −0.10 |
| BXMT Blackstone Mortgage Tru Class A | Sold out | 0.00% | −0.05 |
| ETN Eaton Corp. PLC | Reduce -10.6% | 0.04% | −0.00 |
| NVDA Nvidia Corp. | Reduce -10.9% | 1.61% | +0.37 |
Portfolio Buys Q4 2023 → Q1 2024
| TRU Transunion | Add +104813.6% | 2.36% | +2.35 |
| ICE Intercontinental Exchange Inc. | Add +91838.2% | 2.35% | +2.35 |
| EW Edwards Lifesciences Corp. | Add +100739.7% | 2.06% | +2.06 |
| SBUX Starbucks Corp. | Add +122923.6% | 2.04% | +2.03 |
| AVTR Avantor Inc. | Add +147220.4% | 1.86% | +1.85 |
| KO The Coca-Cola Co. | Add +169574.5% | 1.72% | +1.72 |
| HDB HDFC Bank Ltd.-ADR | Add +100691.5% | 1.50% | +1.50 |
| ORLY O'reilly Automotive Inc. | New | 1.47% | +1.47 |
| NEE Nextera Energy Inc. | Add +114508.6% | 1.20% | +1.20 |
| MRSH Marsh & McLennan Cos | Add +35.2% | 1.41% | +0.23 |
| PEP Pepsico Inc. | Add +32.5% | 1.89% | +0.18 |
| NICE Nice Ltd. - Spon ADR | Add +0.8% | 2.45% | +0.12 |
| BIP Brookfield Infrastructure Pa | Add +29.8% | 1.54% | +0.07 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.1% | 0.47% | +0.03 |
| RMD Resmed Inc. | Add +21.1% | 0.08% | +0.01 |
| PG The Procter & Gamble Co. | Add +46.1% | 0.04% | +0.01 |
| MDT Medtronic PLC | Add +3.9% | 0.13% | −0.02 |
| IEX Idex Corp. | Add +7.7% | 1.60% | −0.02 |
| MCD McDonald's Corp. | Add +24.6% | 1.56% | −0.05 |
| FTNT Fortinet Inc. | Add +0.7% | 0.82% | −0.06 |
| TXN Texas Instruments Inc. | Add +14.1% | 1.36% | −0.09 |
| TW Tradeweb Markets Inc. Class A | Add +0.7% | 1.83% | −0.10 |
| ILMN Illumina Inc. | Add +0.3% | 0.44% | −0.11 |
| ICLR Icon PLC | Add +0.4% | 2.54% | −0.12 |
| AME Ametek Inc. | Add +0.7% | 1.35% | −0.13 |
| MA Mastercard Inc. Class A | Add +1.3% | 2.05% | −0.17 |
| ARE Alexandria Real Estate Equit | Add +10.0% | 1.58% | −0.20 |
| SNPS Synopsys Inc. | Add +0.2% | 2.04% | −0.22 |
| DE Deere & Co. | Add +1.3% | 1.20% | −0.22 |
| ROP Roper Technologies Inc. | Add +7.8% | 2.20% | −0.25 |
| UNP Union Pacific Corp. | Add +0.9% | 1.14% | −0.26 |
| ABT Abbott Laboratories | Add +0.8% | 1.38% | −0.26 |
| TMO Thermo Fisher Scientific Inc. | Add +0.8% | 2.20% | −0.27 |
| A Agilent Technologies Inc. | Add +0.9% | 1.75% | −0.27 |
| DHR Danaher Corp. | Add +0.6% | 1.91% | −0.27 |
| JNJ Johnson & Johnson | Add +575.5% | 0.05% | −0.31 |
| CME Cme Group Inc. | Add +2.2% | 1.77% | −0.31 |
| V Visa Inc. Class A | Add +1.4% | 2.43% | −0.32 |
| BEP Brookfield Renewable Partner | Add +1.4% | 0.90% | −0.34 |
| GOOG Alphabet Inc. Class C | Add +0.7% | 2.61% | −0.35 |
| MSFT Microsoft Corp. | Add +1.3% | 4.52% | −0.36 |
| AMT American Tower Corp. | Add +0.4% | 1.23% | −0.43 |
| NKE Nike Inc. Class B | Add +0.6% | 1.36% | −0.56 |
| UNH Unitedhealth Group Inc. | Add +0.7% | 2.00% | −0.60 |
| HUM Humana Inc. | Add +8.9% | 1.68% | −0.80 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q4 2025 | 55 | $6.2B | GOOG, MSFT, AMZN, AVGO, V |
| Q3 2025 | 53 | $6.3B | MSFT, GOOG, AMZN, AVGO, V |
| Q2 2025 | 53 | $6.1B | MSFT, AMZN, GOOG, V, SPGI |
| Q1 2025 | 55 | $5.6B | MSFT, AMZN, BIP, ROP, V |
| Q4 2024 | 59 | $6.3B | MSFT, AMZN, GOOG, V, AVGO |
| Q3 2024 | 69 | $6.5B | MSFT, AMZN, GOOG, ROP, V |
| Q2 2024 | 69 | $6.5B | MSFT, AMZN, GOOG, ROP, V |
| Q1 2024 | 69 | $6.5B | MSFT, AMZN, GOOG, ICLR, NICE |