CCLA Investment Management
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 22, 2026), CCLA Investment Management reported 55 stock positions worth $6.2 billion. Its top holding was Alphabet Class C (GOOG) at 6.9% of the portfolio, followed by Microsoft (MSFT, 5.5%) and Amazon.com (AMZN, 4.6%). Compared with Q3 2025, it opened 3 new positions, sold out of 1, added to 18 and reduced 34. The biggest buy was a new position in Bank of America (BAC) and the biggest sale an exit from Alexandria Real Estate Equit (ARE).
- Most Recent 13F
- Q4 2025
- Location
- LONDON, X0
- CIK
- 0001631562
- Portfolio Value
- $6.2B (Q4 2025)
- SEC Filing
- 0001631562-26-000001 ↗ filed Jan 22, 2026
Holdings Value
Holdings 55 stocks · $6.2B
| GOOG Alphabet Inc. Class C | 6.93% | 1,376,508 | $431.9M | Reduce -3.1% |
| MSFT Microsoft Corp. | 5.47% | 705,021 | $340.9M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 4.57% | 1,234,639 | $285.0M | Add +0.8% |
| AVGO Broadcom Inc. | 3.53% | 635,312 | $219.8M | Add +0.7% |
| V Visa Inc. Class A | 2.93% | 522,261 | $182.3M | Reduce -1.4% |
| SPGI S&P Global Inc. | 2.80% | 334,290 | $174.7M | Reduce -1.4% |
| BIP Brookfield Infrastructure Pa | 2.62% | 4,710,064 | $163.6M | Add +5.7% |
| KO The Coca-Cola Co. | 2.55% | 2,275,618 | $159.1M | Reduce -1.4% |
| HDB HDFC Bank Ltd.-ADR | 2.51% | 4,286,185 | $156.6M | Reduce -1.5% |
| TMO Thermo Fisher Scientific Inc. | 2.49% | 267,601 | $155.1M | Reduce -11.1% |
| INTU Intuit Inc. | 2.37% | 222,696 | $147.5M | Add +8.9% |
| CME Cme Group Inc. | 2.31% | 526,168 | $143.7M | Reduce -7.1% |
| DHR Danaher Corp. | 2.29% | 622,571 | $142.6M | Reduce -14.2% |
| A Agilent Technologies Inc. | 2.29% | 1,047,488 | $142.5M | Add +1.9% |
| SYK Stryker Corp. | 2.27% | 401,936 | $141.2M | Add +4.6% |
| MA Mastercard Inc. Class A | 2.25% | 246,042 | $140.5M | Reduce -1.6% |
| ICE Intercontinental Exchange Inc. | 2.17% | 834,672 | $135.2M | Reduce -8.3% |
| TRU Transunion | 2.13% | 1,548,239 | $132.7M | Reduce -8.3% |
| SNPS Synopsys Inc. | 2.10% | 278,486 | $130.8M | Reduce -13.6% |
| NXPI NXP Semiconductors NV | 2.09% | 600,380 | $130.2M | Reduce -1.4% |
| TW Tradeweb Markets Inc. Class A | 2.04% | 1,182,118 | $127.1M | Add +2.9% |
| ROP Roper Technologies Inc. | 2.01% | 281,360 | $125.2M | Reduce -1.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.99% | 2,254,107 | $124.0M | New |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 1.95% | 470,291 | $121.7M | Reduce -1.0% |
| MRSH Marsh & McLennan Cos | 1.93% | 647,823 | $120.2M | Reduce -1.3% |
| BKNG Booking Holdings Inc. | 1.92% | 22,334 | $119.6M | Add +0.8% |
| PTC PTC Inc. | 1.88% | 674,102 | $117.4M | Reduce -1.9% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 1.80% | 729,957 | $112.1M | Reduce -10.3% |
| ZTS Zoetis Inc. | 1.79% | 885,388 | $111.4M | Reduce -1.5% |
| TXN Texas Instruments Inc. | 1.77% | 636,345 | $110.4M | Reduce -1.1% |
| ABT Abbott Laboratories | 1.70% | 845,716 | $105.9M | Reduce -10.1% |
| ORLY O'reilly Automotive Inc. | 1.70% | 1,160,562 | $105.8M | Reduce -10.0% |
| TT Trane Technologies PLC | 1.60% | 256,954 | $100.0M | Reduce -8.8% |
| FTNT Fortinet Inc. | 1.60% | 1,253,998 | $99.6M | Reduce -15.7% |
| IR Ingersoll-Rand Inc. | 1.58% | 1,246,800 | $98.8M | Reduce -9.3% |
| DE Deere & Co. | 1.53% | 205,327 | $95.6M | Reduce -1.4% |
| MCD McDonald's Corp. | 1.49% | 304,737 | $93.1M | Reduce -1.8% |
| IHG Intercontinental Hotels-ADR | 1.36% | 811,662 | $84.9M | New |
| NOW ServiceNow Inc. | 1.34% | 546,685 | $83.7M | Add +4.0% |
| MELI MercadoLibre Inc. | 1.24% | 38,496 | $77.5M | Reduce -1.2% |
| AMT American Tower Corp. | 1.17% | 414,327 | $72.7M | Reduce -1.2% |
| BEP Brookfield Renewable Partner | 0.95% | 2,199,682 | $59.3M | Reduce -6.9% |
| AME Ametek Inc. | 0.89% | 271,560 | $55.7M | Add +5.0% |
| APH Amphenol Corp. Class A | 0.78% | 359,535 | $48.6M | Add +47.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.69% | 141,341 | $42.9M | Reduce -0.8% |
| NFLX Netflix Inc. | 0.61% | 402,872 | $37.8M | New |
| ARCC Ares Capital Corp. | 0.55% | 1,703,144 | $34.5M | Reduce -37.5% |
| BXSL Blackstone Secured Lending F | 0.54% | 1,287,641 | $33.9M | Reduce -43.1% |
| FSK FS KKR Capital Corp. | 0.41% | 1,720,929 | $25.5M | Add +1.0% |
| MDT Medtronic PLC | 0.21% | 135,630 | $13.0M | Add +4.2% |
| JNJ Johnson & Johnson | 0.10% | 28,940 | $6.0M | Add +5.9% |
| CSCO Cisco Systems Inc. | 0.08% | 64,742 | $5.0M | Add +6.8% |
| ADP Automatic Data Processing | 0.06% | 13,858 | $3.6M | Add +5.5% |
| PG The Procter & Gamble Co. | 0.05% | 20,218 | $2.9M | Add +6.8% |
| HD Home Depot Inc. | 0.03% | 5,952 | $2.0M | Add +6.8% |
Portfolio Sells Q3 2025 → Q4 2025
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −1.10 |
| ORLY O'reilly Automotive Inc. | Reduce -10.0% | 1.70% | −0.53 |
| SNPS Synopsys Inc. | Reduce -13.6% | 2.10% | −0.45 |
| MSFT Microsoft Corp. | Reduce -1.2% | 5.47% | −0.44 |
| AJG Arthur J Gallagher & Co. | Reduce -1.0% | 1.95% | −0.40 |
| FTNT Fortinet Inc. | Reduce -15.7% | 1.60% | −0.40 |
| BXSL Blackstone Secured Lending F | Reduce -43.1% | 0.54% | −0.40 |
| PTC PTC Inc. | Reduce -1.9% | 1.88% | −0.35 |
| ARCC Ares Capital Corp. | Reduce -37.5% | 0.55% | −0.34 |
| ZTS Zoetis Inc. | Reduce -1.5% | 1.79% | −0.32 |
| ABT Abbott Laboratories | Reduce -10.1% | 1.70% | −0.31 |
| TT Trane Technologies PLC | Reduce -8.8% | 1.60% | −0.30 |
| ICE Intercontinental Exchange Inc. | Reduce -8.3% | 2.17% | −0.28 |
| ROP Roper Technologies Inc. | Reduce -1.5% | 2.01% | −0.27 |
| IR Ingersoll-Rand Inc. | Reduce -9.3% | 1.58% | −0.23 |
| MELI MercadoLibre Inc. | Reduce -1.2% | 1.24% | −0.21 |
| MRSH Marsh & McLennan Cos | Reduce -1.3% | 1.93% | −0.19 |
| CME Cme Group Inc. | Reduce -7.1% | 2.31% | −0.14 |
| TRU Transunion | Reduce -8.3% | 2.13% | −0.13 |
| NXPI NXP Semiconductors NV | Reduce -1.4% | 2.09% | −0.13 |
| AMT American Tower Corp. | Reduce -1.2% | 1.17% | −0.12 |
| TXN Texas Instruments Inc. | Reduce -1.1% | 1.77% | −0.12 |
| TJX TJX Companies Inc. | Reduce -10.3% | 1.80% | −0.08 |
| BEP Brookfield Renewable Partner | Reduce -6.9% | 0.95% | −0.02 |
| MA Mastercard Inc. Class A | Reduce -1.6% | 2.25% | −0.02 |
| MCD McDonald's Corp. | Reduce -1.8% | 1.49% | −0.02 |
| DHR Danaher Corp. | Reduce -14.2% | 2.29% | −0.01 |
| DE Deere & Co. | Reduce -1.4% | 1.53% | +0.01 |
| V Visa Inc. Class A | Reduce -1.4% | 2.93% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -0.8% | 0.69% | +0.05 |
| KO The Coca-Cola Co. | Reduce -1.4% | 2.55% | +0.10 |
| HDB HDFC Bank Ltd.-ADR | Reduce -1.5% | 2.51% | +0.13 |
| TMO Thermo Fisher Scientific Inc. | Reduce -11.1% | 2.49% | +0.15 |
| SPGI S&P Global Inc. | Reduce -1.4% | 2.80% | +0.16 |
| GOOG Alphabet Inc. Class C | Reduce -3.1% | 6.93% | +1.40 |
Portfolio Buys Q3 2025 → Q4 2025
| BAC Bank of America Corp. | New | 1.99% | +1.99 |
| IHG Intercontinental Hotels-ADR | New | 1.36% | +1.36 |
| NFLX Netflix Inc. | New | 0.61% | +0.61 |
| APH Amphenol Corp. Class A | Add +47.4% | 0.78% | +0.30 |
| BIP Brookfield Infrastructure Pa | Add +5.7% | 2.62% | +0.28 |
| AMZN Amazon.com Inc. | Add +0.8% | 4.57% | +0.27 |
| AVGO Broadcom Inc. | Add +0.7% | 3.53% | +0.20 |
| A Agilent Technologies Inc. | Add +1.9% | 2.29% | +0.18 |
| INTU Intuit Inc. | Add +8.9% | 2.37% | +0.13 |
| AME Ametek Inc. | Add +5.0% | 0.89% | +0.12 |
| JNJ Johnson & Johnson | Add +5.9% | 0.10% | +0.02 |
| CSCO Cisco Systems Inc. | Add +6.8% | 0.08% | +0.01 |
| MDT Medtronic PLC | Add +4.2% | 0.21% | +0.01 |
| BKNG Booking Holdings Inc. | Add +0.8% | 1.92% | +0.01 |
| FSK FS KKR Capital Corp. | Add +1.0% | 0.41% | +0.00 |
| TW Tradeweb Markets Inc. Class A | Add +2.9% | 2.04% | +0.00 |
| PG The Procter & Gamble Co. | Add +6.8% | 0.05% | 0.00 |
| HD Home Depot Inc. | Add +6.8% | 0.03% | −0.00 |
| ADP Automatic Data Processing | Add +5.5% | 0.06% | −0.00 |
| SYK Stryker Corp. | Add +4.6% | 2.27% | −0.01 |
| NOW ServiceNow Inc. | Add +4.0% | 1.34% | −0.19 |
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 |