We break down the stocks William Alexander von Mueffling (Cantillon) bought, sold, and held in Q1 2025, including their holdings at the end of the quarter. All data sourced from Cantillon's 13F filed on May 15, 2025.
Who are William Alexander von Mueffling and Cantillon?
Cantillon Capital Management is a global equity investment firm founded in 2003 by William von Mueffling, who previously achieved prominence at Lazard Asset Management for his prescient bearish stance during the dot-com bubble. Managing over $14 billion in assets, Cantillon employs a fundamental, research-intensive approach focused on high-quality companies with sustainable competitive advantages and strong free cash flow generation. Von Mueffling's disciplined investment process emphasizes capital preservation alongside long-term growth, resulting in a strong track record of risk-adjusted returns.
Cantillon.com
Wikipedia on William Alexander von Mueffling
Portfolio Changes in Q1 2025
New Positions
Cantillon established a new position in Alcon Inc. (ALC) with 1,464,533 shares valued at $139 million.
Bought
The fund significantly increased its stake in Uber Technologies, Inc. (UBER) by adding 1,264,215 shares (31% increase) and Adobe Inc. (ADBE) by adding 182,024 shares (29% increase).
Sold
Cantillon notably reduced its positions in Tencent Music Entertainment Group (TME) by 2.6 million shares (12% decrease), Trip.com Group Limited (TCOM) by 1.17 million shares (25% decrease), and Broadcom Inc. (AVGO) by over 1 million shares (14% decrease), while making smaller reductions across most of its other holdings including Alphabet Inc. (GOOGL), Taiwan Semiconductor Manufacturing Company Limited (TSM), and Flutter (PDYPF).
New Investments in Q1 2025
| Ticker | Company | Weight | Change | Value |
|---|---|---|---|---|
| ALC | Alcon Inc. | 1.5% | NEW | $139,028,118 |
Alcon Inc. ALC
William Alexander von Mueffling bought 1,464,533 shares of Alcon Inc. in Q1 2025. Alcon Inc. has demonstrated 4.8% revenue growth over the last 12 months, reaching $9.91 billion in 2024, but faces near-term challenges with a 6.4% YoY decline in Q1 2025 core EPS to $0.73. While surgical segment sales grew 2% at constant currency, softer U.S. markets and currency headwinds contributed to a 2.4% stock decline post-earnings. Recent launches of Unity VCS and other surgical innovations position the company for potential H2 2025 growth acceleration.
- 2024 revenue increased 4.8% to $9.91B with 4.5% earnings growth to $1.02B.
- Q1 2025 core EPS of $0.73 missed estimates by 3.9%, driving 2.4% after-hours stock drop.
- Analysts project 21.4% upside with $106.22 average 12-month price target.
Holdings at the end of Q1 2025
| Ticker | Company | Weight | Change | Value |
|---|---|---|---|---|
| AVGO | Broadcom Inc. | 11.7% | Sold | $1,055,959,914 |
| GOOGL | Alphabet Inc. | 7.5% | Sold | $673,059,466 |
| CBRE | CBRE Group, Inc. | 6.7% | Sold | $602,341,947 |
| ICE | Intercontinental Exchange, Inc. | 6.6% | Sold | $594,555,061 |
| IBKR | Interactive Brokers Group, Inc. | 6.1% | Sold | $545,424,647 |
| PDYPF | Flutter | 5.8% | Sold | $517,939,147 |
| TSM | Taiwan Semiconductor Manufacturing Company Limited | 5.4% | Sold | $484,941,776 |
| ADI | Analog Devices, Inc. | 5.0% | Sold | $451,632,099 |
| AMAT | Applied Materials, Inc. | 4.9% | Sold | $445,580,801 |
| UBER | Uber Technologies, Inc. | 4.3% | Bought | $386,774,323 |
| LYV | Live Nation Entertainment, Inc. | 4.2% | Sold | $377,124,442 |
| A | Agilent Technologies, Inc. | 4.2% | Sold | $376,332,731 |
| FAST | Fastenal Company | 4.1% | Sold | $371,002,922 |
| SSNC | SS&C Technologies Holdings, Inc. | 4.1% | Sold | $367,293,689 |
| FERG | Ferguson plc | 3.6% | Sold | $328,377,125 |
| ADBE | Adobe Inc. | 3.4% | Bought | $305,629,687 |
| TME | Tencent Music Entertainment Group | 3.1% | Sold | $277,252,997 |
| CP | Canadian Pacific | 2.8% | Sold | $253,696,252 |
| TCOM | Trip.com Group Limited | 2.5% | Sold | $227,413,770 |
| ENTG | Entegris, Inc. | 2.5% | Sold | $222,039,549 |
| ALC | Alcon Inc. | 1.5% | New | $139,028,118 |
Disclaimer: All posts on Scout are for informational purposes only. They are NOT a recommendation to buy or sell the securities discussed. Please do your own research and due diligence before investing your money.
