Findlay Park Partners LLP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Findlay Park Partners LLP reported 57 stock positions worth $7.8 billion. Its top holding was S&P Global (SPGI) at 3.6% of the portfolio, followed by Mastercard Class A (MA, 3.5%) and Api (APG, 3.4%). Compared with Q3 2025, it added to 5 and reduced 52. The biggest buy was Woodward (WWD, shares +136%) and the biggest sale Microsoft (MSFT, shares −60%).
- Most Recent 13F
- Q2 2026
- Location
- LONDON, X0
- CIK
- 0001351950
- Portfolio Value
- $7.8B (Q4 2025)
- SEC Filing
- 0000945621-26-000301 ↗ filed Feb 13, 2026
Holdings Value
Holdings 57 stocks · $7.8B
| SPGI S&P Global Inc. | 3.62% | 542,640 | $283.6M | Reduce -5.5% |
| MA Mastercard Inc. Class A | 3.49% | 479,330 | $273.6M | Reduce -5.3% |
| APG Api Group Corp. | 3.43% | 7,020,134 | $268.6M | Reduce -6.9% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 3.39% | 1,025,521 | $265.4M | Reduce -4.2% |
| ACN Accenture PLC Class A | 3.31% | 965,598 | $259.1M | Reduce -16.9% |
| CRH CRH PLC | 3.21% | 2,013,711 | $251.3M | Reduce -16.9% |
| INTU Intuit Inc. | 3.15% | 372,185 | $246.5M | Reduce -16.8% |
| TXN Texas Instruments Inc. | 2.92% | 1,321,131 | $229.2M | Add +12.3% |
| RGLD Royal Gold Inc. | 2.77% | 978,030 | $217.4M | Reduce -16.9% |
| ITT Itt Inc. | 2.73% | 1,230,902 | $213.6M | Add +63.2% |
| WWD Woodward Inc. | 2.65% | 686,200 | $207.5M | Add +136.2% |
| LYV Live Nation Entertainment Inc. | 2.60% | 1,431,100 | $203.9M | Reduce -29.2% |
| FWONK Liberty Media Corp. Class C | 2.52% | 2,001,613 | $197.2M | Reduce -29.6% |
| XPO Xpo Inc. | 2.45% | 1,415,100 | $192.3M | Reduce -5.0% |
| CP Canadian Pacific Kansas City | 2.42% | 2,578,696 | $189.9M | Reduce -16.9% |
| WST West Pharmaceutical Services | 2.34% | 666,926 | $183.5M | Reduce -16.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.30% | 358,396 | $180.1M | Reduce -16.8% |
| WAT Waters Corp. | 2.22% | 458,469 | $174.1M | Reduce -16.8% |
| SCHW Schwab (charles) Corp. | 2.22% | 1,741,469 | $174.0M | Reduce -16.9% |
| MRSH Marsh & McLennan Cos | 2.10% | 886,467 | $164.5M | Reduce -16.8% |
| MSFT Microsoft Corp. | 2.05% | 332,830 | $161.0M | Reduce -59.9% |
| ICE Intercontinental Exchange Inc. | 2.02% | 975,669 | $158.0M | Add +0.4% |
| STE Steris PLC | 2.01% | 621,552 | $157.6M | Reduce -16.8% |
| EOG EOG Resources Inc. | 1.84% | 1,374,509 | $144.3M | Reduce -16.9% |
| COP Conocophillips | 1.73% | 1,445,871 | $135.3M | Reduce -16.9% |
| URI United Rentals Inc. | 1.66% | 160,496 | $129.9M | Reduce -16.6% |
| TDY Teledyne Technologies Inc. | 1.65% | 252,979 | $129.2M | Add +22.3% |
| SHW The Sherwin-Williams Co. | 1.63% | 393,572 | $127.5M | Reduce -16.8% |
| COO The Cooper Cos Inc. | 1.55% | 1,482,300 | $121.5M | Reduce -16.9% |
| CNI Canadian Natl Railway Co. | 1.53% | 1,216,968 | $120.3M | Reduce -16.9% |
| FERG Ferguson Enterprises Inc. | 1.53% | 538,710 | $119.9M | Reduce -16.8% |
| HLT Hilton Worldwide Holdings Inc. | 1.52% | 413,494 | $118.8M | Reduce -16.8% |
| KEYS Keysight Technologies Inc. | 1.47% | 565,252 | $114.9M | Reduce -16.8% |
| MLM Martin Marietta Materials | 1.44% | 180,782 | $112.6M | Reduce -16.7% |
| A Agilent Technologies Inc. | 1.40% | 804,763 | $109.5M | Reduce -48.1% |
| DHR Danaher Corp. | 1.35% | 461,500 | $105.6M | Reduce -16.8% |
| WCN Waste Connections Inc. | 1.34% | 600,458 | $105.3M | Reduce -16.8% |
| MEDP Medpace Holdings Inc. | 1.25% | 174,400 | $98.0M | Reduce -42.3% |
| MKTX Marketaxess Holdings Inc. | 1.24% | 536,400 | $97.2M | Reduce -16.8% |
| EFX Equifax Inc. | 1.22% | 440,620 | $95.6M | Reduce -16.8% |
| ECL Ecolab Inc. | 1.21% | 359,904 | $94.5M | Reduce -16.8% |
| MSCI MSCI Inc. | 1.19% | 163,100 | $93.6M | Reduce -16.7% |
| CBRE CBRE Group Inc. Class A | 1.06% | 517,916 | $83.3M | Reduce -16.8% |
| ACM Aecom | 1.02% | 838,027 | $79.9M | Reduce -16.9% |
| ADSK Autodesk Inc. | 1.01% | 266,999 | $79.0M | Reduce -16.7% |
| ADI Analog Devices Inc. | 0.92% | 266,618 | $72.3M | Reduce -16.7% |
| IEX Idex Corp. | 0.84% | 370,399 | $65.9M | Reduce -16.8% |
| TMO Thermo Fisher Scientific Inc. | 0.82% | 110,740 | $64.2M | Reduce -65.0% |
| SPOT Spotify Technology SA | 0.75% | 101,080 | $58.7M | Reduce -16.4% |
| ETSY Etsy Inc. | 0.69% | 974,300 | $54.0M | Reduce -16.8% |
| CDW CDW Corp. | 0.65% | 375,526 | $51.1M | Reduce -16.7% |
| POOL Pool Corp. | 0.59% | 201,775 | $46.2M | Reduce -16.8% |
| AMAT Applied Materials Inc. | 0.57% | 174,800 | $44.9M | Reduce -68.5% |
| BLD Topbuild Corp. | 0.50% | 93,177 | $38.9M | Reduce -16.7% |
| KLAC KLA Corp. | 0.47% | 30,302 | $36.8M | Reduce -78.6% |
| ENTG Entegris Inc. | 0.43% | 404,600 | $34.1M | Reduce -16.8% |
| LLYVK Liberty Live Holdings Class C | 0.03% | 30,774 | $2.6M | Reduce -14.7% |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -59.9% | 2.05% | −2.46 |
| KLAC KLA Corp. | Reduce -78.6% | 0.47% | −1.14 |
| LYV Live Nation Entertainment Inc. | Reduce -29.2% | 2.60% | −0.87 |
| TMO Thermo Fisher Scientific Inc. | Reduce -65.0% | 0.82% | −0.79 |
| A Agilent Technologies Inc. | Reduce -48.1% | 1.40% | −0.69 |
| AMAT Applied Materials Inc. | Reduce -68.5% | 0.57% | −0.62 |
| FWONK Liberty Media Corp. Class C | Reduce -29.6% | 2.52% | −0.61 |
| MEDP Medpace Holdings Inc. | Reduce -42.3% | 1.25% | −0.38 |
| ACM Aecom | Reduce -16.9% | 1.02% | −0.36 |
| URI United Rentals Inc. | Reduce -16.6% | 1.66% | −0.27 |
| EFX Equifax Inc. | Reduce -16.8% | 1.22% | −0.21 |
| POOL Pool Corp. | Reduce -16.8% | 0.59% | −0.20 |
| MRSH Marsh & McLennan Cos | Reduce -16.8% | 2.10% | −0.16 |
| SPOT Spotify Technology SA | Reduce -16.4% | 0.75% | −0.14 |
| ETSY Etsy Inc. | Reduce -16.8% | 0.69% | −0.13 |
| EOG EOG Resources Inc. | Reduce -16.9% | 1.84% | −0.11 |
| CDW CDW Corp. | Reduce -16.7% | 0.65% | −0.10 |
| AJG Arthur J Gallagher & Co. | Reduce -4.2% | 3.39% | −0.09 |
| SHW The Sherwin-Williams Co. | Reduce -16.8% | 1.63% | −0.09 |
| INTU Intuit Inc. | Reduce -16.8% | 3.15% | −0.06 |
| ADSK Autodesk Inc. | Reduce -16.7% | 1.01% | −0.06 |
| ECL Ecolab Inc. | Reduce -16.8% | 1.21% | −0.04 |
| ENTG Entegris Inc. | Reduce -16.8% | 0.43% | −0.04 |
| CP Canadian Pacific Kansas City | Reduce -16.9% | 2.42% | −0.01 |
| LLYVK Liberty Live Holdings Class C | Reduce -14.7% | 0.03% | −0.00 |
| COP Conocophillips | Reduce -16.9% | 1.73% | −0.00 |
| MLM Martin Marietta Materials | Reduce -16.7% | 1.44% | −0.00 |
| FERG Ferguson Enterprises Inc. | Reduce -16.8% | 1.53% | +0.00 |
| WCN Waste Connections Inc. | Reduce -16.8% | 1.34% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -16.8% | 2.30% | +0.02 |
| MSCI MSCI Inc. | Reduce -16.7% | 1.19% | +0.03 |
| CBRE CBRE Group Inc. Class A | Reduce -16.8% | 1.06% | +0.03 |
| BLD Topbuild Corp. | Reduce -16.7% | 0.50% | +0.04 |
| MKTX Marketaxess Holdings Inc. | Reduce -16.8% | 1.24% | +0.06 |
| STE Steris PLC | Reduce -16.8% | 2.01% | +0.07 |
| IEX Idex Corp. | Reduce -16.8% | 0.84% | +0.08 |
| CNI Canadian Natl Railway Co. | Reduce -16.9% | 1.53% | +0.08 |
| ADI Analog Devices Inc. | Reduce -16.7% | 0.92% | +0.10 |
| SCHW Schwab (charles) Corp. | Reduce -16.9% | 2.22% | +0.12 |
| WST West Pharmaceutical Services | Reduce -16.9% | 2.34% | +0.13 |
| CRH CRH PLC | Reduce -16.9% | 3.21% | +0.15 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -16.8% | 1.52% | +0.16 |
| DHR Danaher Corp. | Reduce -16.8% | 1.35% | +0.19 |
| KEYS Keysight Technologies Inc. | Reduce -16.8% | 1.47% | +0.22 |
| COO The Cooper Cos Inc. | Reduce -16.9% | 1.55% | +0.27 |
| RGLD Royal Gold Inc. | Reduce -16.9% | 2.77% | +0.30 |
| ACN Accenture PLC Class A | Reduce -16.9% | 3.31% | +0.30 |
| XPO Xpo Inc. | Reduce -5.0% | 2.45% | +0.43 |
| MA Mastercard Inc. Class A | Reduce -5.3% | 3.49% | +0.47 |
| WAT Waters Corp. | Reduce -16.8% | 2.22% | +0.49 |
Portfolio Buys Q3 2025 → Q4 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 |