We break down the stocks William Alexander von Mueffling (Cantillon) bought, sold, and held in Q3 2024, including their holdings at the end of the quarter. All data sourced from Cantillon's 13F filed on November 07, 2024.
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 Q3 2024
New positions
Cantillon did not initiate any new positions during Q3 2024.
Bought
Cantillon significantly increased several existing positions, most notably adding 6.6 million shares to Broadcom (AVGO) and 5.3 million shares to Tencent Music (TME). The firm also substantially expanded its holdings in Flutter Entertainment (PDYPF) by 2.3 million shares, Uber (UBER) by 1.6 million shares, and made smaller additions to Trip.com (TCOM), Canadian Pacific Kansas City (CP), Aon (AON), and Adobe (ADBE).
Sold
Cantillon completely exited its position in TriNet (TNET), liquidating 763,352 shares worth $76.3 million. The firm also trimmed multiple existing holdings, with the largest reductions in Analog Devices (ADI) (-696K shares), Fastenal (FAST) (-146K shares), CBRE (CBRE) (-141K shares), SS&C Technologies (SSNC) (-136K shares), and Alphabet (GOOGL) (-133K shares), along with smaller trims across several other technology and financial services positions.
Holdings at the end of Q3 2024
| Ticker | Company | Weight | Change | Value |
|---|---|---|---|---|
| AVGO | Broadcom | 13.3% | Added (+850%) | $1.26B |
| GOOGL | Alphabet | 7.8% | Trimmed (-3%) | $740.23M |
| AMAT | Applied Materials | 6.7% | Trimmed (-3%) | $636.17M |
| CBRE | CBRE | 6.2% | Trimmed (-3%) | $587.95M |
| PDYPF | Flutter Entertainment | 6.0% | Added (+3828%) | $568.85M |
| ICE | Intercontinental Exchange | 6.0% | Trimmed (-3%) | $567.77M |
| ADI | Analog Devices | 5.6% | Trimmed (-23%) | $528.73M |
| TSM | Taiwan Semiconductor | 5.5% | Trimmed (-3%) | $520.26M |
| A | Agilent | 5.2% | Trimmed (-3%) | $489.83M |
| IBKR | Interactive Brokers Group | 5.0% | Trimmed (-3%) | $470.71M |
| AON | Aon | 4.8% | Added (+16%) | $455.4M |
| FAST | Fastenal | 3.7% | Trimmed (-3%) | $350.36M |
| SSNC | SS&C Technologies | 3.5% | Trimmed (-3%) | $334.48M |
| LYV | Live Nation | 3.4% | Trimmed (-3%) | $324.26M |
| CP | Canadian Pacific Kansas City | 3.3% | Added (+9%) | $316.94M |
| UBER | Uber | 3.2% | Added (+65%) | $302.34M |
| TCOM | Trip.com | 3.0% | Added (+15%) | $289.33M |
| ADBE | Adobe | 2.8% | Added (+18%) | $269.05M |
| ENTG | Entegris | 2.8% | Trimmed (-3%) | $261.57M |
| TME | Tencent Music | 2.3% | Added (+40%) | $222.4M |
| TNET | TriNet | 0.0% | Exited | $0 |
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.
