CCLA Investment Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), CCLA Investment Management reported 55 stock positions worth $5.6 billion. Its top holding was Microsoft (MSFT) at 4.1% of the portfolio, followed by Amazon.com (AMZN, 3.7%) and Brookfield Infrastructure Pa (BIP, 3.1%). Compared with Q4 2024, it opened 1 new position, sold out of 5, added to 21 and reduced 31. The biggest buy was a new position in TJX Companies (TJX) and the biggest sale an exit from Nvidia (NVDA).
- Most Recent 13F
- Q4 2025
- Location
- LONDON, X0
- CIK
- 0001631562
- Portfolio Value
- $5.6B (Q1 2025)
- SEC Filing
- 0001631562-25-000004 ↗ filed May 9, 2025
Holdings Value
Holdings 55 stocks · $5.6B
| MSFT Microsoft Corp. | 4.13% | 622,717 | $233.4M | Reduce -4.5% |
| AMZN Amazon.com Inc. | 3.65% | 1,084,411 | $206.3M | Reduce -4.3% |
| BIP Brookfield Infrastructure Pa | 3.05% | 5,795,677 | $172.5M | Add +33.5% |
| ROP Roper Technologies Inc. | 3.03% | 290,367 | $171.2M | Add +1.4% |
| V Visa Inc. Class A | 3.03% | 487,816 | $170.9M | Reduce -10.5% |
| GOOG Alphabet Inc. Class C | 2.91% | 1,054,449 | $164.6M | Reduce -4.2% |
| SPGI S&P Global Inc. | 2.80% | 311,566 | $158.4M | Add +0.4% |
| KO The Coca-Cola Co. | 2.78% | 2,193,572 | $157.1M | Reduce -11.3% |
| TW Tradeweb Markets Inc. Class A | 2.74% | 1,043,379 | $154.9M | Reduce -5.4% |
| CME Cme Group Inc. | 2.62% | 558,379 | $148.1M | Reduce -15.2% |
| MRSH Marsh & McLennan Cos | 2.60% | 601,373 | $146.7M | Add +9.6% |
| ICE Intercontinental Exchange Inc. | 2.56% | 837,133 | $144.4M | Reduce -10.6% |
| ZTS Zoetis Inc. | 2.43% | 835,214 | $137.5M | Add +10.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 2.42% | 396,312 | $136.8M | Add +2.7% |
| TMO Thermo Fisher Scientific Inc. | 2.35% | 267,186 | $133.0M | Add +3.3% |
| HDB HDFC Bank Ltd.-ADR | 2.35% | 2,000,621 | $132.9M | Add +3.7% |
| ANSS Ansys Inc. | 2.35% | 419,655 | $132.7M | Reduce -5.9% |
| FTNT Fortinet Inc. | 2.33% | 1,365,444 | $131.4M | Reduce -5.3% |
| INTU Intuit Inc. | 2.24% | 206,633 | $126.8M | Add +2.0% |
| MA Mastercard Inc. Class A | 2.22% | 229,354 | $125.7M | Reduce -11.3% |
| SNPS Synopsys Inc. | 2.19% | 289,004 | $123.9M | Add +1.4% |
| SYK Stryker Corp. | 2.13% | 323,990 | $120.6M | Add +3.1% |
| ORLY O'reilly Automotive Inc. | 2.13% | 84,090 | $120.4M | Reduce -27.5% |
| MCD McDonald's Corp. | 2.05% | 371,229 | $115.9M | Reduce -11.9% |
| ICLR Icon PLC | 2.04% | 659,912 | $115.4M | Add +2.0% |
| ABT Abbott Laboratories | 1.92% | 817,238 | $108.4M | Reduce -15.2% |
| BXSL Blackstone Secured Lending F | 1.84% | 3,214,583 | $104.0M | Add +54.1% |
| NICE Nice Ltd. - Spon ADR | 1.82% | 666,993 | $102.7M | Reduce -5.3% |
| TRU Transunion | 1.75% | 1,189,729 | $98.6M | Add +4.1% |
| TT Trane Technologies PLC | 1.74% | 292,419 | $98.5M | Add +14.7% |
| NXPI NXP Semiconductors NV | 1.72% | 512,468 | $97.4M | Reduce -4.9% |
| DE Deere & Co. | 1.69% | 202,750 | $95.2M | Reduce -5.1% |
| AVTR Avantor Inc. | 1.68% | 5,849,536 | $94.8M | Add +9.2% |
| TXN Texas Instruments Inc. | 1.63% | 511,324 | $91.9M | Reduce -5.1% |
| UNP Union Pacific Corp. | 1.60% | 382,346 | $90.3M | Reduce -4.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.60% | 740,889 | $90.2M | New |
| AMT American Tower Corp. | 1.57% | 406,373 | $88.5M | Reduce -6.1% |
| DHR Danaher Corp. | 1.51% | 415,518 | $85.1M | Reduce -5.5% |
| A Agilent Technologies Inc. | 1.46% | 706,671 | $82.6M | Add +5.6% |
| ACN Accenture PLC Class A | 1.40% | 254,010 | $79.3M | Reduce -5.1% |
| IR Ingersoll-Rand Inc. | 1.37% | 965,189 | $77.2M | Add +34.0% |
| ARE Alexandria Real Estate Equit | 1.30% | 796,126 | $73.7M | Reduce -5.4% |
| AVGO Broadcom Inc. | 1.26% | 424,300 | $71.0M | Reduce -36.9% |
| IEX Idex Corp. | 1.23% | 385,624 | $69.7M | Reduce -19.2% |
| NOW ServiceNow Inc. | 1.17% | 83,121 | $66.2M | Reduce -5.3% |
| ARCC Ares Capital Corp. | 1.10% | 2,799,023 | $62.0M | Add +26.5% |
| BEP Brookfield Renewable Partner | 1.04% | 2,661,405 | $58.9M | Add +1.3% |
| AME Ametek Inc. | 0.67% | 220,274 | $37.9M | Reduce -4.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.30% | 102,799 | $17.1M | Reduce -33.7% |
| MDT Medtronic PLC | 0.18% | 113,217 | $10.2M | Reduce -1.6% |
| JNJ Johnson & Johnson | 0.08% | 25,871 | $4.3M | Reduce -1.0% |
| ADP Automatic Data Processing | 0.07% | 13,156 | $4.0M | Reduce -7.8% |
| CSCO Cisco Systems Inc. | 0.07% | 60,553 | $3.7M | No change |
| PG The Procter & Gamble Co. | 0.05% | 16,215 | $2.8M | Add +7.1% |
| HD Home Depot Inc. | 0.03% | 4,586 | $1.7M | No change |
Portfolio Sells Q4 2024 → Q1 2025
| NVDA Nvidia Corp. | Sold out | 0.00% | −1.94 |
| ADBE Adobe Inc. | Sold out | 0.00% | −1.90 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −1.48 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −1.37 |
| AVGO Broadcom Inc. | Reduce -36.9% | 1.26% | −1.21 |
| ILMN Illumina Inc. | Sold out | 0.00% | −1.13 |
| GOOG Alphabet Inc. Class C | Reduce -4.2% | 2.91% | −0.41 |
| IEX Idex Corp. | Reduce -19.2% | 1.23% | −0.35 |
| NOW ServiceNow Inc. | Reduce -5.3% | 1.17% | −0.30 |
| AMZN Amazon.com Inc. | Reduce -4.3% | 3.65% | −0.29 |
| MSFT Microsoft Corp. | Reduce -4.5% | 4.13% | −0.23 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -33.7% | 0.30% | −0.18 |
| DHR Danaher Corp. | Reduce -5.5% | 1.51% | −0.09 |
| ACN Accenture PLC Class A | Reduce -5.1% | 1.40% | −0.09 |
| NICE Nice Ltd. - Spon ADR | Reduce -5.3% | 1.82% | −0.08 |
| NXPI NXP Semiconductors NV | Reduce -4.9% | 1.72% | −0.05 |
| ORLY O'reilly Automotive Inc. | Reduce -27.5% | 2.13% | −0.05 |
| ANSS Ansys Inc. | Reduce -5.9% | 2.35% | −0.04 |
| ARE Alexandria Real Estate Equit | Reduce -5.4% | 1.30% | +0.00 |
| ADP Automatic Data Processing | Reduce -7.8% | 0.07% | +0.00 |
| AME Ametek Inc. | Reduce -4.7% | 0.67% | +0.01 |
| JNJ Johnson & Johnson | Reduce -1.0% | 0.08% | +0.02 |
| TXN Texas Instruments Inc. | Reduce -5.1% | 1.63% | +0.02 |
| MDT Medtronic PLC | Reduce -1.6% | 0.18% | +0.03 |
| MA Mastercard Inc. Class A | Reduce -11.3% | 2.22% | +0.06 |
| MCD McDonald's Corp. | Reduce -11.9% | 2.05% | +0.11 |
| UNP Union Pacific Corp. | Reduce -4.7% | 1.60% | +0.15 |
| FTNT Fortinet Inc. | Reduce -5.3% | 2.33% | +0.16 |
| ABT Abbott Laboratories | Reduce -15.2% | 1.92% | +0.19 |
| CME Cme Group Inc. | Reduce -15.2% | 2.62% | +0.20 |
| DE Deere & Co. | Reduce -5.1% | 1.69% | +0.25 |
| V Visa Inc. Class A | Reduce -10.5% | 3.03% | +0.29 |
| AMT American Tower Corp. | Reduce -6.1% | 1.57% | +0.31 |
| KO The Coca-Cola Co. | Reduce -11.3% | 2.78% | +0.34 |
| ICE Intercontinental Exchange Inc. | Reduce -10.6% | 2.56% | +0.34 |
| TW Tradeweb Markets Inc. Class A | Reduce -5.4% | 2.74% | +0.45 |
Portfolio Buys Q4 2024 → Q1 2025
| TJX TJX Companies Inc. | New | 1.60% | +1.60 |
| BIP Brookfield Infrastructure Pa | Add +33.5% | 3.05% | +0.87 |
| BXSL Blackstone Secured Lending F | Add +54.1% | 1.84% | +0.77 |
| MRSH Marsh & McLennan Cos | Add +9.6% | 2.60% | +0.75 |
| AJG Arthur J Gallagher & Co. | Add +2.7% | 2.42% | +0.68 |
| ROP Roper Technologies Inc. | Add +1.4% | 3.03% | +0.67 |
| ZTS Zoetis Inc. | Add +10.1% | 2.43% | +0.47 |
| HDB HDFC Bank Ltd.-ADR | Add +3.7% | 2.35% | +0.40 |
| SPGI S&P Global Inc. | Add +0.4% | 2.80% | +0.35 |
| SYK Stryker Corp. | Add +3.1% | 2.13% | +0.34 |
| IR Ingersoll-Rand Inc. | Add +34.0% | 1.37% | +0.33 |
| ARCC Ares Capital Corp. | Add +26.5% | 1.10% | +0.33 |
| TT Trane Technologies PLC | Add +14.7% | 1.74% | +0.25 |
| INTU Intuit Inc. | Add +2.0% | 2.24% | +0.23 |
| TMO Thermo Fisher Scientific Inc. | Add +3.3% | 2.35% | +0.22 |
| BEP Brookfield Renewable Partner | Add +1.3% | 1.04% | +0.09 |
| TRU Transunion | Add +4.1% | 1.75% | +0.07 |
| A Agilent Technologies Inc. | Add +5.6% | 1.46% | +0.04 |
| PG The Procter & Gamble Co. | Add +7.1% | 0.05% | +0.01 |
| SNPS Synopsys Inc. | Add +1.4% | 2.19% | +0.00 |
| ICLR Icon PLC | Add +2.0% | 2.04% | −0.11 |
| AVTR Avantor Inc. | Add +9.2% | 1.68% | −0.11 |
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 |