We break down the stocks William Alexander von Mueffling (Cantillon) bought, sold, and held in Q4 2024, including their holdings at the end of the quarter. All data sourced from Cantillon's 13F filed on February 05, 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 Q4 2024
New positions
Cantillon did not establish any new positions during Q4 2024.
Bought
Cantillon added to most of its existing holdings during the quarter, with the largest increases being Tencent Music (TME) (+3.38 million shares), Yum Brands (YUM) (+452,339 shares), and Ferguson Enterprises (FERG) (+415,002 shares). Other notable additions included Entegris (ENTG), IQVIA (IQV), Thermo Fisher (TMO), Adobe (ADBE), and smaller increases across most other holdings including Broadcom (AVGO), Alphabet (GOOGL), and Taiwan Semiconductor (TSM).
Sold
Cantillon made significant portfolio changes by completely liquidating two positions: CDW (CDW) worth $290 million and Credit Acceptance (CACC) worth $101 million. The firm also trimmed its position in Trip.com (TCOM) by 119,617 shares, though this represented a relatively small reduction in the overall holding.
Holdings at the end of Q4 2024
| Ticker | Company | Weight | Change | Value |
|---|---|---|---|---|
| AVGO | Broadcom | 17.6% | Added (+1%) | $1.71B |
| GOOGL | Alphabet | 8.8% | Added (+1%) | $849.4M |
| CBRE | CBRE | 6.4% | Added (+1%) | $623.42M |
| IBKR | Interactive Brokers Group | 6.2% | Added (+1%) | $599.92M |
| TSM | Taiwan Semiconductor | 6.1% | Added (+1%) | $594.77M |
| ICE | Intercontinental Exchange | 5.5% | Added (+1%) | $529.48M |
| AMAT | Applied Materials | 5.3% | Added (+1%) | $514.79M |
| TMO | Thermo Fisher | 5.0% | Added (+16%) | $483.75M |
| A | Agilent | 4.6% | Added (+1%) | $445.55M |
| IQV | IQVIA | 4.2% | Added (+12%) | $406.02M |
| FERG | Ferguson Enterprises | 3.8% | Added (+24%) | $366.52M |
| FAST | Fastenal | 3.7% | Added (+1%) | $354.65M |
| SSNC | SS&C Technologies | 3.5% | Added (+1%) | $343.52M |
| TCOM | Trip.com | 3.4% | Trimmed (-2%) | $326.05M |
| ADBE | Adobe | 2.8% | Added (+18%) | $273.42M |
| CP | Canadian Pacific Kansas City | 2.8% | Added (+1%) | $269.58M |
| ENTG | Entegris | 2.7% | Added (+13%) | $259.18M |
| YUM | Yum Brands | 2.6% | Added (+32%) | $252.27M |
| TME | Tencent Music | 2.6% | Added (+18%) | $247.89M |
| UBER | Uber | 2.5% | Added (+1%) | $243.95M |
| CDW | CDW | 0.0% | Exited | $0 |
| CACC | Credit Acceptance | 0.0% | Exited | $0 |
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