CCLA Investment Management
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 14, 2025), CCLA Investment Management reported 53 stock positions worth $6.3 billion. Its top holding was Microsoft (MSFT) at 5.9% of the portfolio, followed by Alphabet Class C (GOOG, 5.5%) and Amazon.com (AMZN, 4.3%). Compared with Q2 2025, it opened 4 new positions, sold out of 4, added to 39 and reduced 6. The biggest buy was a new position in Booking (BKNG) and the biggest sale an exit from Ansys (ANSS).
- Most Recent 13F
- Q4 2025
- Location
- LONDON, X0
- CIK
- 0001631562
- Portfolio Value
- $6.3B (Q3 2025)
- SEC Filing
- 0001631562-25-000007 ↗ filed Oct 14, 2025
Holdings Value
Holdings 53 stocks · $6.3B
| MSFT Microsoft Corp. | 5.91% | 713,663 | $369.6M | Add +7.5% |
| GOOG Alphabet Inc. Class C | 5.53% | 1,420,484 | $345.9M | Add +10.2% |
| AMZN Amazon.com Inc. | 4.30% | 1,225,149 | $269.0M | Add +10.8% |
| AVGO Broadcom Inc. | 3.33% | 630,678 | $207.9M | Add +20.0% |
| V Visa Inc. Class A | 2.89% | 529,623 | $180.7M | Add +1.8% |
| SPGI S&P Global Inc. | 2.64% | 338,987 | $164.9M | Add +2.1% |
| SNPS Synopsys Inc. | 2.54% | 322,430 | $159.1M | Add +4.7% |
| ICE Intercontinental Exchange Inc. | 2.45% | 910,159 | $153.3M | Add +2.1% |
| KO The Coca-Cola Co. | 2.45% | 2,309,200 | $153.1M | Add +2.3% |
| CME Cme Group Inc. | 2.45% | 566,203 | $152.9M | Add +1.2% |
| HDB HDFC Bank Ltd.-ADR | 2.38% | 4,352,450 | $149.0M | Add +2.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 2.36% | 475,182 | $147.3M | Add +12.6% |
| BIP Brookfield Infrastructure Pa | 2.34% | 4,455,894 | $146.6M | Add +14.6% |
| TMO Thermo Fisher Scientific Inc. | 2.33% | 301,038 | $145.9M | Reduce -5.3% |
| DHR Danaher Corp. | 2.30% | 725,976 | $143.8M | Add +41.3% |
| ROP Roper Technologies Inc. | 2.28% | 285,630 | $142.3M | Reduce -4.6% |
| MA Mastercard Inc. Class A | 2.27% | 249,936 | $142.1M | Add +2.0% |
| SYK Stryker Corp. | 2.27% | 384,158 | $142.0M | Add +10.1% |
| TRU Transunion | 2.26% | 1,688,354 | $141.5M | Add +2.0% |
| INTU Intuit Inc. | 2.23% | 204,558 | $139.6M | Add +2.8% |
| PTC PTC Inc. | 2.23% | 686,881 | $139.4M | Add +25.1% |
| ORLY O'reilly Automotive Inc. | 2.22% | 1,289,513 | $139.0M | Add +2.0% |
| NXPI NXP Semiconductors NV | 2.22% | 608,638 | $138.6M | Add +11.6% |
| MRSH Marsh & McLennan Cos | 2.12% | 656,634 | $132.3M | Add +2.4% |
| A Agilent Technologies Inc. | 2.11% | 1,027,970 | $131.9M | Add +10.5% |
| ZTS Zoetis Inc. | 2.10% | 898,601 | $131.4M | Reduce -6.4% |
| TW Tradeweb Markets Inc. Class A | 2.04% | 1,148,617 | $127.4M | Add +3.3% |
| ABT Abbott Laboratories | 2.01% | 940,187 | $125.9M | Add +7.6% |
| FTNT Fortinet Inc. | 2.00% | 1,486,658 | $125.0M | Add +2.1% |
| BKNG Booking Holdings Inc. | 1.91% | 22,166 | $119.5M | New |
| TT Trane Technologies PLC | 1.90% | 281,872 | $119.0M | Add +13.5% |
| TXN Texas Instruments Inc. | 1.89% | 643,732 | $118.2M | Add +19.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.88% | 814,005 | $117.6M | Add +2.1% |
| IR Ingersoll-Rand Inc. | 1.82% | 1,374,884 | $113.6M | Add +19.4% |
| NOW ServiceNow Inc. | 1.53% | 105,081 | $95.7M | Add +26.1% |
| DE Deere & Co. | 1.52% | 208,206 | $95.2M | Add +2.3% |
| MCD McDonald's Corp. | 1.51% | 310,435 | $94.4M | Reduce -15.4% |
| MELI MercadoLibre Inc. | 1.46% | 38,946 | $91.0M | New |
| AMT American Tower Corp. | 1.29% | 419,466 | $80.6M | Reduce -0.7% |
| ARE Alexandria Real Estate Equit | 1.10% | 829,124 | $69.1M | Reduce -0.5% |
| BEP Brookfield Renewable Partner | 0.97% | 2,363,842 | $60.9M | No change |
| BXSL Blackstone Secured Lending F | 0.94% | 2,261,317 | $59.0M | Add +0.0% |
| ARCC Ares Capital Corp. | 0.89% | 2,724,422 | $55.6M | No change |
| AME Ametek Inc. | 0.78% | 258,653 | $48.6M | Add +9.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.64% | 142,430 | $39.8M | New |
| APH Amphenol Corp. Class A | 0.48% | 243,876 | $30.2M | New |
| FSK FS KKR Capital Corp. | 0.41% | 1,703,635 | $25.4M | Add +5.6% |
| MDT Medtronic PLC | 0.20% | 130,140 | $12.4M | Add +3.7% |
| JNJ Johnson & Johnson | 0.08% | 27,320 | $5.1M | Add +4.5% |
| CSCO Cisco Systems Inc. | 0.07% | 60,606 | $4.1M | Add +4.7% |
| ADP Automatic Data Processing | 0.06% | 13,136 | $3.9M | Add +0.2% |
| PG The Procter & Gamble Co. | 0.05% | 18,927 | $2.9M | No change |
| HD Home Depot Inc. | 0.04% | 5,572 | $2.3M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| ANSS Ansys Inc. | Sold out | 0.00% | −2.48 |
| NICE Nice Ltd. - Spon ADR | Sold out | 0.00% | −1.97 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −1.35 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −1.32 |
| ROP Roper Technologies Inc. | Reduce -4.6% | 2.28% | −0.50 |
| ZTS Zoetis Inc. | Reduce -6.4% | 2.10% | −0.35 |
| MCD McDonald's Corp. | Reduce -15.4% | 1.51% | −0.25 |
| AMT American Tower Corp. | Reduce -0.7% | 1.29% | −0.24 |
| ARE Alexandria Real Estate Equit | Reduce -0.5% | 1.10% | +0.11 |
| TMO Thermo Fisher Scientific Inc. | Reduce -5.3% | 2.33% | +0.22 |
Portfolio Buys Q2 2025 → Q3 2025
| BKNG Booking Holdings Inc. | New | 1.91% | +1.91 |
| GOOG Alphabet Inc. Class C | Add +10.2% | 5.53% | +1.79 |
| MELI MercadoLibre Inc. | New | 1.46% | +1.46 |
| AVGO Broadcom Inc. | Add +20.0% | 3.33% | +0.95 |
| PTC PTC Inc. | Add +25.1% | 2.23% | +0.68 |
| DHR Danaher Corp. | Add +41.3% | 2.30% | +0.64 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.64% | +0.64 |
| MSFT Microsoft Corp. | Add +7.5% | 5.91% | +0.50 |
| APH Amphenol Corp. Class A | New | 0.48% | +0.48 |
| ORLY O'reilly Automotive Inc. | Add +2.0% | 2.22% | +0.36 |
| AMZN Amazon.com Inc. | Add +10.8% | 4.30% | +0.33 |
| A Agilent Technologies Inc. | Add +10.5% | 2.11% | +0.31 |
| TJX TJX Companies Inc. | Add +2.1% | 1.88% | +0.27 |
| NXPI NXP Semiconductors NV | Add +11.6% | 2.22% | +0.27 |
| IR Ingersoll-Rand Inc. | Add +19.4% | 1.82% | +0.25 |
| BIP Brookfield Infrastructure Pa | Add +14.6% | 2.34% | +0.21 |
| AJG Arthur J Gallagher & Co. | Add +12.6% | 2.36% | +0.14 |
| NOW ServiceNow Inc. | Add +26.1% | 1.53% | +0.13 |
| TT Trane Technologies PLC | Add +13.5% | 1.90% | +0.12 |
| AME Ametek Inc. | Add +9.1% | 0.78% | +0.07 |
| ABT Abbott Laboratories | Add +7.6% | 2.01% | +0.07 |
| TXN Texas Instruments Inc. | Add +19.9% | 1.89% | +0.07 |
| MDT Medtronic PLC | Add +3.7% | 0.20% | +0.02 |
| MA Mastercard Inc. Class A | Add +2.0% | 2.27% | +0.02 |
| JNJ Johnson & Johnson | Add +4.5% | 0.08% | +0.02 |
| SYK Stryker Corp. | Add +10.1% | 2.27% | +0.01 |
| CSCO Cisco Systems Inc. | Add +4.7% | 0.07% | +0.00 |
| ADP Automatic Data Processing | Add +0.2% | 0.06% | −0.00 |
| SNPS Synopsys Inc. | Add +4.7% | 2.54% | −0.04 |
| CME Cme Group Inc. | Add +1.2% | 2.45% | −0.08 |
| TRU Transunion | Add +2.0% | 2.26% | −0.12 |
| V Visa Inc. Class A | Add +1.8% | 2.89% | −0.13 |
| FSK FS KKR Capital Corp. | Add +5.6% | 0.41% | −0.14 |
| KO The Coca-Cola Co. | Add +2.3% | 2.45% | −0.17 |
| DE Deere & Co. | Add +2.3% | 1.52% | −0.17 |
| MRSH Marsh & McLennan Cos | Add +2.4% | 2.12% | −0.18 |
| BXSL Blackstone Secured Lending F | Add +0.0% | 0.94% | −0.20 |
| ICE Intercontinental Exchange Inc. | Add +2.1% | 2.45% | −0.23 |
| SPGI S&P Global Inc. | Add +2.1% | 2.64% | −0.23 |
| HDB HDFC Bank Ltd.-ADR | Add +2.1% | 2.38% | −0.29 |
| INTU Intuit Inc. | Add +2.8% | 2.23% | −0.33 |
| FTNT Fortinet Inc. | Add +2.1% | 2.00% | −0.52 |
| TW Tradeweb Markets Inc. Class A | Add +3.3% | 2.04% | −0.63 |
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 |