Findlay Park Partners LLP
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Findlay Park Partners LLP reported 57 stock positions worth $9.5 billion. Its top holding was Microsoft (MSFT) at 4.5% of the portfolio, followed by Arthur J Gallagher (AJG, 3.5%) and Live Nation Entertainment (LYV, 3.5%). Compared with Q2 2025, it opened 2 new positions, sold out of 2, added to 3 and reduced 52. The biggest buy was a new position in Spotify Technology (SPOT) and the biggest sale an exit from Gartner (IT).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001351950
- Portfolio Value
- $9.5B (Q3 2025)
- SEC Filing
- 0000945621-25-001056 ↗ filed Nov 12, 2025
Holdings Value
Holdings 57 stocks · $9.5B
| MSFT Microsoft Corp. | 4.51% | 829,810 | $429.8M | Reduce -1.8% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 3.48% | 1,069,901 | $331.4M | Add +13.3% |
| LYV Live Nation Entertainment Inc. | 3.47% | 2,022,600 | $330.5M | Reduce -1.8% |
| INTU Intuit Inc. | 3.21% | 447,545 | $305.6M | Reduce -1.8% |
| FWONK Liberty Media Corp. Class C | 3.12% | 2,844,413 | $297.1M | Reduce -1.8% |
| CRH CRH PLC | 3.05% | 2,422,811 | $290.5M | Reduce -1.8% |
| MA Mastercard Inc. Class A | 3.02% | 505,890 | $287.8M | Reduce -1.8% |
| ACN Accenture PLC Class A | 3.01% | 1,161,298 | $286.4M | Reduce -1.8% |
| SPGI S&P Global Inc. | 2.94% | 574,120 | $279.4M | Reduce -1.8% |
| APG Api Group Corp. | 2.72% | 7,540,068 | $259.2M | Reduce -24.6% |
| RGLD Royal Gold Inc. | 2.48% | 1,176,330 | $235.9M | Reduce -1.8% |
| CP Canadian Pacific Kansas City | 2.43% | 3,102,796 | $231.1M | Reduce -1.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.28% | 430,836 | $216.6M | Reduce -1.8% |
| TXN Texas Instruments Inc. | 2.27% | 1,176,631 | $216.2M | Reduce -1.8% |
| MRSH Marsh & McLennan Cos | 2.26% | 1,065,967 | $214.8M | Add +20.3% |
| WST West Pharmaceutical Services | 2.21% | 802,106 | $210.4M | Reduce -1.8% |
| SCHW Schwab (charles) Corp. | 2.10% | 2,095,269 | $200.0M | Reduce -23.1% |
| A Agilent Technologies Inc. | 2.09% | 1,550,548 | $199.0M | Add +20.4% |
| XPO Xpo Inc. | 2.02% | 1,490,400 | $192.7M | Reduce -1.8% |
| EOG EOG Resources Inc. | 1.95% | 1,653,409 | $185.4M | Reduce -1.8% |
| STE Steris PLC | 1.94% | 747,152 | $184.9M | Reduce -1.8% |
| URI United Rentals Inc. | 1.93% | 192,436 | $183.7M | Reduce -15.4% |
| WAT Waters Corp. | 1.74% | 551,069 | $165.2M | Reduce -1.8% |
| COP Conocophillips | 1.73% | 1,739,071 | $164.5M | Reduce -1.8% |
| SHW The Sherwin-Williams Co. | 1.72% | 472,912 | $163.8M | Reduce -1.8% |
| ICE Intercontinental Exchange Inc. | 1.72% | 971,869 | $163.7M | Reduce -1.8% |
| MEDP Medpace Holdings Inc. | 1.63% | 302,300 | $155.4M | Reduce -1.7% |
| TMO Thermo Fisher Scientific Inc. | 1.61% | 316,620 | $153.6M | Reduce -1.7% |
| KLAC KLA Corp. | 1.61% | 141,882 | $153.0M | Reduce -1.7% |
| FERG Ferguson Enterprises Inc. | 1.53% | 647,510 | $145.4M | Reduce -18.1% |
| CNI Canadian Natl Railway Co. | 1.45% | 1,463,768 | $138.0M | Reduce -1.8% |
| MLM Martin Marietta Materials | 1.44% | 217,042 | $136.8M | Reduce -1.7% |
| EFX Equifax Inc. | 1.43% | 529,600 | $135.9M | Reduce -1.8% |
| ITT Itt Inc. | 1.42% | 754,200 | $134.8M | Reduce -1.8% |
| ACM Aecom | 1.38% | 1,008,027 | $131.5M | Reduce -1.8% |
| HLT Hilton Worldwide Holdings Inc. | 1.35% | 496,874 | $128.9M | Reduce -1.7% |
| WCN Waste Connections Inc. | 1.33% | 721,958 | $126.9M | Reduce -1.8% |
| COO The Cooper Cos Inc. | 1.28% | 1,783,400 | $122.3M | Reduce -1.8% |
| TDY Teledyne Technologies Inc. | 1.27% | 206,939 | $121.3M | Reduce -1.7% |
| KEYS Keysight Technologies Inc. | 1.25% | 679,452 | $118.8M | Reduce -1.8% |
| ECL Ecolab Inc. | 1.24% | 432,484 | $118.4M | Reduce -1.8% |
| AMAT Applied Materials Inc. | 1.19% | 554,500 | $113.5M | Reduce -1.8% |
| MKTX Marketaxess Holdings Inc. | 1.18% | 644,700 | $112.3M | Reduce -1.8% |
| MSCI MSCI Inc. | 1.17% | 195,800 | $111.1M | Reduce -1.8% |
| DHR Danaher Corp. | 1.15% | 554,500 | $109.9M | Reduce -1.8% |
| ADSK Autodesk Inc. | 1.07% | 320,699 | $101.9M | Reduce -1.8% |
| CBRE CBRE Group Inc. Class A | 1.03% | 622,516 | $98.1M | Reduce -41.0% |
| SPOT Spotify Technology SA | 0.89% | 120,900 | $84.4M | New |
| ADI Analog Devices Inc. | 0.83% | 319,918 | $78.6M | Reduce -1.8% |
| ETSY Etsy Inc. | 0.82% | 1,171,500 | $77.8M | Reduce -1.8% |
| POOL Pool Corp. | 0.79% | 242,475 | $75.2M | Reduce -1.7% |
| WWD Woodward Inc. | 0.77% | 290,474 | $73.4M | New |
| IEX Idex Corp. | 0.76% | 444,899 | $72.4M | Reduce -1.8% |
| CDW CDW Corp. | 0.75% | 451,026 | $71.8M | Reduce -1.8% |
| ENTG Entegris Inc. | 0.47% | 486,300 | $45.0M | Reduce -1.8% |
| BLD Topbuild Corp. | 0.46% | 111,837 | $43.7M | Reduce -1.6% |
| LLYVK Liberty Media Corp.-Liberty-C | 0.04% | 36,074 | $3.5M | Reduce -1.1% |
Portfolio Sells Q2 2025 → Q3 2025
| IT Gartner Inc. | Sold out | 0.00% | −1.74 |
| APG Api Group Corp. | Reduce -24.6% | 2.72% | −0.79 |
| ALC Alcon Inc. | Sold out | 0.00% | −0.74 |
| ACN Accenture PLC Class A | Reduce -1.8% | 3.01% | −0.64 |
| CBRE CBRE Group Inc. Class A | Reduce -41.0% | 1.03% | −0.49 |
| INTU Intuit Inc. | Reduce -1.8% | 3.21% | −0.49 |
| SCHW Schwab (charles) Corp. | Reduce -23.1% | 2.10% | −0.46 |
| MKTX Marketaxess Holdings Inc. | Reduce -1.8% | 1.18% | −0.33 |
| TXN Texas Instruments Inc. | Reduce -1.8% | 2.27% | −0.29 |
| WAT Waters Corp. | Reduce -1.8% | 1.74% | −0.28 |
| FERG Ferguson Enterprises Inc. | Reduce -18.1% | 1.53% | −0.25 |
| SPGI S&P Global Inc. | Reduce -1.8% | 2.94% | −0.24 |
| CP Canadian Pacific Kansas City | Reduce -1.8% | 2.43% | −0.15 |
| ICE Intercontinental Exchange Inc. | Reduce -1.8% | 1.72% | −0.15 |
| CNI Canadian Natl Railway Co. | Reduce -1.8% | 1.45% | −0.15 |
| EOG EOG Resources Inc. | Reduce -1.8% | 1.95% | −0.13 |
| CDW CDW Corp. | Reduce -1.8% | 0.75% | −0.09 |
| WCN Waste Connections Inc. | Reduce -1.8% | 1.33% | −0.08 |
| IEX Idex Corp. | Reduce -1.8% | 0.76% | −0.06 |
| COO The Cooper Cos Inc. | Reduce -1.8% | 1.28% | −0.05 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -1.7% | 1.35% | −0.03 |
| MSCI MSCI Inc. | Reduce -1.8% | 1.17% | −0.02 |
| EFX Equifax Inc. | Reduce -1.8% | 1.43% | −0.01 |
| FWONK Liberty Media Corp. Class C | Reduce -1.8% | 3.12% | +0.00 |
| DHR Danaher Corp. | Reduce -1.8% | 1.15% | +0.01 |
| LLYVK Liberty Media Corp.-Liberty-C | Reduce -1.1% | 0.04% | +0.01 |
| SHW The Sherwin-Williams Co. | Reduce -1.8% | 1.72% | +0.02 |
| ECL Ecolab Inc. | Reduce -1.8% | 1.24% | +0.02 |
| ADI Analog Devices Inc. | Reduce -1.8% | 0.83% | +0.03 |
| ADSK Autodesk Inc. | Reduce -1.8% | 1.07% | +0.03 |
| MA Mastercard Inc. Class A | Reduce -1.8% | 3.02% | +0.04 |
| XPO Xpo Inc. | Reduce -1.8% | 2.02% | +0.05 |
| POOL Pool Corp. | Reduce -1.7% | 0.79% | +0.05 |
| STE Steris PLC | Reduce -1.8% | 1.94% | +0.06 |
| ENTG Entegris Inc. | Reduce -1.8% | 0.47% | +0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.8% | 2.28% | +0.08 |
| KEYS Keysight Technologies Inc. | Reduce -1.8% | 1.25% | +0.08 |
| BLD Topbuild Corp. | Reduce -1.6% | 0.46% | +0.08 |
| COP Conocophillips | Reduce -1.8% | 1.73% | +0.09 |
| AMAT Applied Materials Inc. | Reduce -1.8% | 1.19% | +0.13 |
| TDY Teledyne Technologies Inc. | Reduce -1.7% | 1.27% | +0.16 |
| URI United Rentals Inc. | Reduce -15.4% | 1.93% | +0.16 |
| ITT Itt Inc. | Reduce -1.8% | 1.42% | +0.17 |
| MSFT Microsoft Corp. | Reduce -1.8% | 4.51% | +0.18 |
| MLM Martin Marietta Materials | Reduce -1.7% | 1.44% | +0.19 |
| ACM Aecom | Reduce -1.8% | 1.38% | +0.19 |
| ETSY Etsy Inc. | Reduce -1.8% | 0.82% | +0.20 |
| LYV Live Nation Entertainment Inc. | Reduce -1.8% | 3.47% | +0.26 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.7% | 1.61% | +0.27 |
| KLAC KLA Corp. | Reduce -1.7% | 1.61% | +0.27 |
Portfolio Buys Q2 2025 → Q3 2025
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 |