CCLA Investment Management
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 1, 2025), CCLA Investment Management reported 53 stock positions worth $6.1 billion. Its top holding was Microsoft (MSFT) at 5.4% of the portfolio, followed by Amazon.com (AMZN, 4.0%) and Alphabet Class C (GOOG, 3.7%). Compared with Q1 2025, it opened 2 new positions, sold out of 4, added to 41 and reduced 10. The biggest buy was a new position in PTC (PTC) and the biggest sale an exit from Icon (ICLR).
- Most Recent 13F
- Q4 2025
- Location
- LONDON, X0
- CIK
- 0001631562
- Portfolio Value
- $6.1B (Q2 2025)
- SEC Filing
- 0001631562-25-000005 ↗ filed Aug 1, 2025
Holdings Value
Holdings 53 stocks · $6.1B
| MSFT Microsoft Corp. | 5.41% | 664,212 | $330.2M | Add +6.7% |
| AMZN Amazon.com Inc. | 3.98% | 1,105,968 | $242.6M | Add +2.0% |
| GOOG Alphabet Inc. Class C | 3.75% | 1,289,590 | $228.7M | Add +22.3% |
| V Visa Inc. Class A | 3.02% | 520,185 | $184.5M | Add +6.6% |
| SPGI S&P Global Inc. | 2.87% | 331,838 | $174.9M | Add +6.5% |
| ROP Roper Technologies Inc. | 2.78% | 299,537 | $169.7M | Add +3.2% |
| ICE Intercontinental Exchange Inc. | 2.68% | 891,603 | $163.5M | Add +6.5% |
| HDB HDFC Bank Ltd.-ADR | 2.68% | 2,131,031 | $163.3M | Add +6.5% |
| TW Tradeweb Markets Inc. Class A | 2.67% | 1,112,095 | $162.8M | Add +6.6% |
| KO The Coca-Cola Co. | 2.62% | 2,257,208 | $159.6M | Add +2.9% |
| SNPS Synopsys Inc. | 2.59% | 307,967 | $157.9M | Add +6.6% |
| INTU Intuit Inc. | 2.57% | 199,018 | $156.7M | Reduce -3.7% |
| CME Cme Group Inc. | 2.52% | 559,252 | $154.1M | Add +0.2% |
| FTNT Fortinet Inc. | 2.52% | 1,455,935 | $153.9M | Add +6.6% |
| ANSS Ansys Inc. | 2.48% | 431,641 | $151.5M | Add +2.9% |
| ZTS Zoetis Inc. | 2.45% | 959,604 | $149.6M | Add +14.9% |
| TRU Transunion | 2.38% | 1,654,363 | $145.5M | Add +39.0% |
| AVGO Broadcom Inc. | 2.37% | 525,377 | $144.8M | Add +23.8% |
| MRSH Marsh & McLennan Cos | 2.30% | 641,509 | $140.3M | Add +6.7% |
| SYK Stryker Corp. | 2.26% | 348,812 | $137.9M | Add +7.7% |
| MA Mastercard Inc. Class A | 2.26% | 245,076 | $137.6M | Add +6.8% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 2.21% | 422,130 | $135.1M | Add +6.5% |
| BIP Brookfield Infrastructure Pa | 2.13% | 3,889,923 | $130.2M | Reduce -32.9% |
| TMO Thermo Fisher Scientific Inc. | 2.11% | 317,881 | $128.8M | Add +19.0% |
| NICE Nice Ltd. - Spon ADR | 1.97% | 710,865 | $120.0M | Add +6.6% |
| NXPI NXP Semiconductors NV | 1.95% | 545,580 | $119.1M | Add +6.5% |
| ABT Abbott Laboratories | 1.95% | 873,912 | $118.8M | Add +6.9% |
| ORLY O'reilly Automotive Inc. | 1.87% | 1,263,916 | $113.9M | Add +0.2% |
| TXN Texas Instruments Inc. | 1.83% | 537,013 | $111.4M | Add +5.0% |
| A Agilent Technologies Inc. | 1.80% | 930,658 | $109.8M | Add +31.7% |
| TT Trane Technologies PLC | 1.78% | 248,335 | $108.6M | Reduce -15.1% |
| MCD McDonald's Corp. | 1.76% | 366,824 | $107.2M | Reduce -1.2% |
| DE Deere & Co. | 1.70% | 203,616 | $103.5M | Add +0.4% |
| DHR Danaher Corp. | 1.66% | 513,639 | $101.4M | Add +23.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.61% | 797,600 | $98.5M | Add +7.7% |
| IR Ingersoll-Rand Inc. | 1.57% | 1,151,012 | $95.7M | Add +19.3% |
| PTC PTC Inc. | 1.55% | 549,278 | $94.6M | New |
| AMT American Tower Corp. | 1.53% | 422,462 | $93.3M | Add +4.0% |
| NOW ServiceNow Inc. | 1.40% | 83,309 | $85.6M | Add +0.2% |
| UNP Union Pacific Corp. | 1.35% | 358,372 | $82.4M | Reduce -6.3% |
| ACN Accenture PLC Class A | 1.32% | 270,194 | $80.7M | Add +6.4% |
| BXSL Blackstone Secured Lending F | 1.14% | 2,260,833 | $69.5M | Reduce -29.7% |
| ARE Alexandria Real Estate Equit | 0.99% | 833,308 | $60.5M | Add +4.7% |
| BEP Brookfield Renewable Partner | 0.99% | 2,363,842 | $60.3M | Reduce -11.2% |
| ARCC Ares Capital Corp. | 0.98% | 2,724,422 | $59.8M | Reduce -2.7% |
| AME Ametek Inc. | 0.70% | 237,020 | $42.9M | Add +7.6% |
| FSK FS KKR Capital Corp. | 0.55% | 1,613,468 | $33.5M | New |
| MDT Medtronic PLC | 0.18% | 125,544 | $10.9M | Add +10.9% |
| ADP Automatic Data Processing | 0.07% | 13,114 | $4.0M | Reduce -0.3% |
| CSCO Cisco Systems Inc. | 0.07% | 57,875 | $4.0M | Reduce -4.4% |
| JNJ Johnson & Johnson | 0.07% | 26,146 | $4.0M | Add +1.1% |
| PG The Procter & Gamble Co. | 0.05% | 18,927 | $3.0M | Add +16.7% |
| HD Home Depot Inc. | 0.03% | 5,572 | $2.0M | Add +21.5% |
Portfolio Sells Q1 2025 → Q2 2025
| ICLR Icon PLC | Sold out | 0.00% | −2.04 |
| AVTR Avantor Inc. | Sold out | 0.00% | −1.68 |
| IEX Idex Corp. | Sold out | 0.00% | −1.23 |
| BIP Brookfield Infrastructure Pa | Reduce -32.9% | 2.13% | −0.92 |
| BXSL Blackstone Secured Lending F | Reduce -29.7% | 1.14% | −0.70 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.30 |
| MCD McDonald's Corp. | Reduce -1.2% | 1.76% | −0.30 |
| UNP Union Pacific Corp. | Reduce -6.3% | 1.35% | −0.25 |
| ARCC Ares Capital Corp. | Reduce -2.7% | 0.98% | −0.12 |
| BEP Brookfield Renewable Partner | Reduce -11.2% | 0.99% | −0.06 |
| ADP Automatic Data Processing | Reduce -0.3% | 0.07% | −0.00 |
| CSCO Cisco Systems Inc. | Reduce -4.4% | 0.07% | −0.00 |
| TT Trane Technologies PLC | Reduce -15.1% | 1.78% | +0.04 |
| INTU Intuit Inc. | Reduce -3.7% | 2.57% | +0.32 |
Portfolio Buys Q1 2025 → Q2 2025
| PTC PTC Inc. | New | 1.55% | +1.55 |
| MSFT Microsoft Corp. | Add +6.7% | 5.41% | +1.28 |
| AVGO Broadcom Inc. | Add +23.8% | 2.37% | +1.12 |
| GOOG Alphabet Inc. Class C | Add +22.3% | 3.75% | +0.83 |
| TRU Transunion | Add +39.0% | 2.38% | +0.64 |
| FSK FS KKR Capital Corp. | New | 0.55% | +0.55 |
| SNPS Synopsys Inc. | Add +6.6% | 2.59% | +0.39 |
| A Agilent Technologies Inc. | Add +31.7% | 1.80% | +0.34 |
| HDB HDFC Bank Ltd.-ADR | Add +6.5% | 2.68% | +0.32 |
| AMZN Amazon.com Inc. | Add +2.0% | 3.98% | +0.32 |
| NOW ServiceNow Inc. | Add +0.2% | 1.40% | +0.23 |
| NXPI NXP Semiconductors NV | Add +6.5% | 1.95% | +0.23 |
| IR Ingersoll-Rand Inc. | Add +19.3% | 1.57% | +0.20 |
| TXN Texas Instruments Inc. | Add +5.0% | 1.83% | +0.20 |
| FTNT Fortinet Inc. | Add +6.6% | 2.52% | +0.20 |
| DHR Danaher Corp. | Add +23.6% | 1.66% | +0.16 |
| NICE Nice Ltd. - Spon ADR | Add +6.6% | 1.97% | +0.15 |
| ANSS Ansys Inc. | Add +2.9% | 2.48% | +0.13 |
| SYK Stryker Corp. | Add +7.7% | 2.26% | +0.13 |
| ICE Intercontinental Exchange Inc. | Add +6.5% | 2.68% | +0.12 |
| SPGI S&P Global Inc. | Add +6.5% | 2.87% | +0.06 |
| AME Ametek Inc. | Add +7.6% | 0.70% | +0.03 |
| MA Mastercard Inc. Class A | Add +6.8% | 2.26% | +0.03 |
| ABT Abbott Laboratories | Add +6.9% | 1.95% | +0.03 |
| ZTS Zoetis Inc. | Add +14.9% | 2.45% | +0.02 |
| TJX TJX Companies Inc. | Add +7.7% | 1.61% | +0.02 |
| DE Deere & Co. | Add +0.4% | 1.70% | +0.01 |
| HD Home Depot Inc. | Add +21.5% | 0.03% | +0.00 |
| PG The Procter & Gamble Co. | Add +16.7% | 0.05% | +0.00 |
| MDT Medtronic PLC | Add +10.9% | 0.18% | −0.00 |
| V Visa Inc. Class A | Add +6.6% | 3.02% | −0.00 |
| JNJ Johnson & Johnson | Add +1.1% | 0.07% | −0.01 |
| AMT American Tower Corp. | Add +4.0% | 1.53% | −0.04 |
| TW Tradeweb Markets Inc. Class A | Add +6.6% | 2.67% | −0.07 |
| ACN Accenture PLC Class A | Add +6.4% | 1.32% | −0.08 |
| CME Cme Group Inc. | Add +0.2% | 2.52% | −0.10 |
| KO The Coca-Cola Co. | Add +2.9% | 2.62% | −0.17 |
| AJG Arthur J Gallagher & Co. | Add +6.5% | 2.21% | −0.21 |
| TMO Thermo Fisher Scientific Inc. | Add +19.0% | 2.11% | −0.24 |
| ROP Roper Technologies Inc. | Add +3.2% | 2.78% | −0.25 |
| ORLY O'reilly Automotive Inc. | Add +0.2% | 1.87% | −0.27 |
| MRSH Marsh & McLennan Cos | Add +6.7% | 2.30% | −0.30 |
| ARE Alexandria Real Estate Equit | Add +4.7% | 0.99% | −0.31 |
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 |