Findlay Park Partners LLP
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Findlay Park Partners LLP reported 58 stock positions worth $9.7 billion. Its top holding was Arthur J Gallagher (AJG) at 4.2% of the portfolio, followed by Live Nation Entertainment (LYV, 3.2%) and S&P Global (SPGI, 3.2%). Compared with Q4 2024, it opened 2 new positions, sold out of 3, added to 44 and reduced 12. The biggest buy was Marsh & McLennan Cos (MRSH, shares +27%) and the biggest sale an exit from Elevance Health (ELV).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001351950
- Portfolio Value
- $9.7B (Q1 2025)
- SEC Filing
- 0000943663-25-000126 ↗ filed May 14, 2025
Holdings Value
Holdings 58 stocks · $9.7B
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 4.16% | 1,172,201 | $404.7M | Add +1.4% |
| LYV Live Nation Entertainment Inc. | 3.23% | 2,403,300 | $313.8M | Add +1.4% |
| SPGI S&P Global Inc. | 3.17% | 605,620 | $307.7M | Add +1.3% |
| UNH Unitedhealth Group Inc. | 3.10% | 575,626 | $301.5M | Reduce -11.5% |
| MA Mastercard Inc. Class A | 3.01% | 533,590 | $292.5M | Add +1.4% |
| MRSH Marsh & McLennan Cos | 2.84% | 1,130,367 | $275.8M | Add +27.3% |
| FWONK Liberty Media Corp. Class C | 2.78% | 3,001,213 | $270.1M | Reduce -22.8% |
| ACN Accenture PLC Class A | 2.76% | 858,498 | $267.9M | Reduce -23.2% |
| SCHW Schwab (charles) Corp. | 2.73% | 3,393,169 | $265.6M | Add +1.4% |
| INTU Intuit Inc. | 2.50% | 395,145 | $242.6M | Add +1.4% |
| MSFT Microsoft Corp. | 2.48% | 642,810 | $241.3M | Reduce -17.9% |
| APG Api Group Corp. | 2.37% | 6,445,948 | $230.5M | Add +1.4% |
| CP Canadian Pacific Kansas City | 2.37% | 3,274,096 | $229.9M | Add +1.4% |
| CRH CRH PLC | 2.31% | 2,556,511 | $224.9M | Add +17.0% |
| EOG EOG Resources Inc. | 2.30% | 1,744,509 | $223.7M | Add +1.4% |
| WAT Waters Corp. | 2.20% | 581,169 | $214.2M | Add +10.7% |
| RGLD Royal Gold Inc. | 2.09% | 1,241,030 | $202.9M | Add +1.4% |
| CBRE CBRE Group Inc. Class A | 2.04% | 1,517,016 | $198.4M | Reduce -13.6% |
| WCN Waste Connections Inc. | 2.03% | 1,011,458 | $197.4M | Add +1.4% |
| COP Conocophillips | 1.98% | 1,835,071 | $192.7M | Add +1.4% |
| WST West Pharmaceutical Services | 1.95% | 846,206 | $189.4M | Add +1.4% |
| IT Gartner Inc. | 1.87% | 432,921 | $181.7M | Reduce -19.6% |
| STE Steris PLC | 1.84% | 788,152 | $178.6M | Add +1.4% |
| CNI Canadian Natl Railway Co. | 1.83% | 1,830,068 | $178.4M | Add +1.4% |
| ICE Intercontinental Exchange Inc. | 1.82% | 1,025,269 | $176.9M | Add +1.4% |
| SHW The Sherwin-Williams Co. | 1.79% | 498,612 | $174.1M | Add +43.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.77% | 322,736 | $171.9M | Add +1.4% |
| XPO Xpo Inc. | 1.74% | 1,572,500 | $169.2M | Add +11.6% |
| TMO Thermo Fisher Scientific Inc. | 1.71% | 333,820 | $166.1M | Add +1.3% |
| A Agilent Technologies Inc. | 1.61% | 1,334,010 | $156.1M | Add +17.6% |
| TXN Texas Instruments Inc. | 1.53% | 825,631 | $148.4M | Add +160.0% |
| URI United Rentals Inc. | 1.52% | 235,536 | $147.6M | Add +1.3% |
| MKTX Marketaxess Holdings Inc. | 1.51% | 680,000 | $147.1M | Add +1.4% |
| ADI Analog Devices Inc. | 1.40% | 675,718 | $136.3M | Add +38.8% |
| EFX Equifax Inc. | 1.40% | 558,500 | $136.0M | Add +67.3% |
| BLD Topbuild Corp. | 1.40% | 444,894 | $135.7M | Reduce -20.8% |
| FERG Ferguson Enterprises Inc. | 1.35% | 819,110 | $131.2M | Add +61.8% |
| MEDP Medpace Holdings Inc. | 1.31% | 418,700 | $127.6M | Reduce -11.5% |
| DHR Danaher Corp. | 1.23% | 584,800 | $119.9M | Add +37.6% |
| HLT Hilton Worldwide Holdings Inc. | 1.23% | 523,874 | $119.2M | Add +1.3% |
| MSCI MSCI Inc. | 1.20% | 206,400 | $116.7M | Add +1.4% |
| ECL Ecolab Inc. | 1.19% | 455,984 | $115.6M | Add +1.4% |
| ALC Alcon Inc. filed as ALCON AG | 1.14% | 1,168,334 | $110.9M | Add +1.4% |
| MLM Martin Marietta Materials | 1.12% | 228,642 | $109.3M | Reduce -19.2% |
| TDY Teledyne Technologies Inc. | 1.12% | 218,039 | $108.5M | Reduce -34.7% |
| KEYS Keysight Technologies Inc. | 1.10% | 716,752 | $107.3M | Add +1.4% |
| ITT Itt Inc. | 1.06% | 795,600 | $102.8M | Add +94.7% |
| KLAC KLA Corp. | 1.04% | 149,382 | $101.5M | Reduce -49.8% |
| ACM Aecom | 1.01% | 1,063,327 | $98.6M | Reduce -41.0% |
| ADSK Autodesk Inc. | 0.91% | 338,099 | $88.5M | Add +1.4% |
| IEX Idex Corp. | 0.87% | 469,299 | $84.9M | Add +66.0% |
| AMAT Applied Materials Inc. | 0.87% | 584,700 | $84.9M | Add +36.9% |
| POOL Pool Corp. | 0.84% | 255,475 | $81.3M | Add +1.3% |
| CDW CDW Corp. | 0.78% | 475,626 | $76.2M | Add +1.4% |
| ETSY Etsy Inc. | 0.60% | 1,236,000 | $58.3M | Add +1.4% |
| ENTG Entegris Inc. | 0.46% | 513,000 | $44.9M | New |
| COO The Cooper Cos Inc. | 0.38% | 440,243 | $37.1M | New |
| LLYVK Liberty Media Corp.-Liberty-C | 0.03% | 37,674 | $2.6M | Add +1.4% |
Portfolio Sells Q4 2024 → Q1 2025
| ELV Elevance Health Inc. | Sold out | 0.00% | −1.35 |
| ACN Accenture PLC Class A | Reduce -23.2% | 2.76% | −1.15 |
| ILMN Illumina Inc. | Sold out | 0.00% | −0.97 |
| ACM Aecom | Reduce -41.0% | 1.01% | −0.90 |
| KLAC KLA Corp. | Reduce -49.8% | 1.04% | −0.82 |
| MSFT Microsoft Corp. | Reduce -17.9% | 2.48% | −0.80 |
| FWONK Liberty Media Corp. Class C | Reduce -22.8% | 2.78% | −0.80 |
| IT Gartner Inc. | Reduce -19.6% | 1.87% | −0.72 |
| GLOB Globant SA | Sold out | 0.00% | −0.65 |
| TDY Teledyne Technologies Inc. | Reduce -34.7% | 1.12% | −0.42 |
| BLD Topbuild Corp. | Reduce -20.8% | 1.40% | −0.34 |
| MLM Martin Marietta Materials | Reduce -19.2% | 1.12% | −0.33 |
| MEDP Medpace Holdings Inc. | Reduce -11.5% | 1.31% | −0.25 |
| CBRE CBRE Group Inc. Class A | Reduce -13.6% | 2.04% | −0.25 |
| UNH Unitedhealth Group Inc. | Reduce -11.5% | 3.10% | −0.17 |
Portfolio Buys Q4 2024 → Q1 2025
| MRSH Marsh & McLennan Cos | Add +27.3% | 2.84% | +0.96 |
| TXN Texas Instruments Inc. | Add +160.0% | 1.53% | +0.93 |
| AJG Arthur J Gallagher & Co. | Add +1.4% | 4.16% | +0.90 |
| SHW The Sherwin-Williams Co. | Add +43.9% | 1.79% | +0.62 |
| EFX Equifax Inc. | Add +67.3% | 1.40% | +0.55 |
| RGLD Royal Gold Inc. | Add +1.4% | 2.09% | +0.48 |
| FERG Ferguson Enterprises Inc. | Add +61.8% | 1.35% | +0.48 |
| ITT Itt Inc. | Add +94.7% | 1.06% | +0.48 |
| ENTG Entegris Inc. | New | 0.46% | +0.46 |
| COO The Cooper Cos Inc. | New | 0.38% | +0.38 |
| ADI Analog Devices Inc. | Add +38.8% | 1.40% | +0.37 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.4% | 1.77% | +0.33 |
| WCN Waste Connections Inc. | Add +1.4% | 2.03% | +0.33 |
| ICE Intercontinental Exchange Inc. | Add +1.4% | 1.82% | +0.32 |
| CRH CRH PLC | Add +17.0% | 2.31% | +0.31 |
| IEX Idex Corp. | Add +66.0% | 0.87% | +0.29 |
| SCHW Schwab (charles) Corp. | Add +1.4% | 2.73% | +0.27 |
| WAT Waters Corp. | Add +10.7% | 2.20% | +0.27 |
| DHR Danaher Corp. | Add +37.6% | 1.23% | +0.26 |
| MA Mastercard Inc. Class A | Add +1.4% | 3.01% | +0.25 |
| STE Steris PLC | Add +1.4% | 1.84% | +0.25 |
| SPGI S&P Global Inc. | Add +1.3% | 3.17% | +0.21 |
| EOG EOG Resources Inc. | Add +1.4% | 2.30% | +0.21 |
| COP Conocophillips | Add +1.4% | 1.98% | +0.20 |
| AMAT Applied Materials Inc. | Add +36.9% | 0.87% | +0.18 |
| LYV Live Nation Entertainment Inc. | Add +1.4% | 3.23% | +0.18 |
| ALC Alcon Inc. | Add +1.4% | 1.14% | +0.17 |
| ECL Ecolab Inc. | Add +1.4% | 1.19% | +0.14 |
| APG Api Group Corp. | Add +1.4% | 2.37% | +0.10 |
| A Agilent Technologies Inc. | Add +17.6% | 1.61% | +0.09 |
| INTU Intuit Inc. | Add +1.4% | 2.50% | +0.06 |
| CP Canadian Pacific Kansas City | Add +1.4% | 2.37% | +0.04 |
| CNI Canadian Natl Railway Co. | Add +1.4% | 1.83% | +0.01 |
| MKTX Marketaxess Holdings Inc. | Add +1.4% | 1.51% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Add +1.3% | 1.71% | +0.01 |
| LLYVK Liberty Media Corp.-Liberty-C | Add +1.4% | 0.03% | +0.00 |
| MSCI MSCI Inc. | Add +1.4% | 1.20% | −0.01 |
| POOL Pool Corp. | Add +1.3% | 0.84% | −0.02 |
| KEYS Keysight Technologies Inc. | Add +1.4% | 1.10% | −0.02 |
| CDW CDW Corp. | Add +1.4% | 0.78% | −0.03 |
| ETSY Etsy Inc. | Add +1.4% | 0.60% | −0.04 |
| HLT Hilton Worldwide Holdings Inc. | Add +1.3% | 1.23% | −0.04 |
| ADSK Autodesk Inc. | Add +1.4% | 0.91% | −0.07 |
| XPO Xpo Inc. | Add +11.6% | 1.74% | −0.10 |
| URI United Rentals Inc. | Add +1.3% | 1.52% | −0.11 |
| WST West Pharmaceutical Services | Add +1.4% | 1.95% | −0.77 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 49 | $7.4B | TDY, ITT, APG, CRH, XPO |
| Q1 2026 | 56 | $7.2B | ITT, EOG, APG, TDY, BRK.B |
| Q4 2025 | 57 | $7.8B | SPGI, MA, APG, AJG, ACN |
| Q3 2025 | 57 | $9.5B | MSFT, AJG, LYV, INTU, FWONK |
| Q2 2025 | 57 | $9.7B | MSFT, INTU, ACN, APG, LYV |
| Q1 2025 | 58 | $9.7B | AJG, LYV, SPGI, UNH, MA |
| Q4 2024 | 59 | $10.1B | ACN, FWONK, MSFT, UNH, AJG |
| Q3 2024 | 59 | $10.6B | UNH, ACN, MA, MSFT, IT |
| Q2 2024 | 56 | $10.6B | MSFT, NVDA, AJG, TMUS, ACN |
| Q1 2024 | 56 | $10.9B | MSFT, NVDA, MA, BLD, IT |