13F filing recap · Q2 2025

What did Cantillon Capital Management buy in Q2 2025?

Reported stock-position changes between this filing and the previous one.

Stock value

$17.30B

Positions

Estimated turnover

10.7%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

Cantillon Capital Management opened a new position in ICON PLC and sharply increased its stake in Interactive Brokers Group. It also substantially added to Fastenal and Alcon, while moderately boosting Blackrock, Canadian Pacific Kansas City, and Yum! Brands. The firm trimmed Broadcom and Iqvia Holdings, and made slight reductions across a wide range of holdings including S&P Global, Alphabet, Visa, and Microsoft.

New positions

ICLRICON PLC$67.66Mreported value+465.2K shares

Increased positions

IBKRInteractive Brokers Group, Inc.$709.45Mreported value+9.51M shares+288.7%BLKBlackrock, Inc.$541.44Mreported value+48.2K shares+10.3%FASTFastenal Co$390.52Mreported value+4.51M shares+94.4%CPCanadian Pacific Kansas City Ltd/cn$334.51Mreported value+606.5K shares

Reduced positions

AVGOBroadcom Inc.$1.51Breported value-826.1K shares-13.1%SPGIS&P Global Inc.$928.88Mreported value-51.2K shares-2.8%GOOGLAlphabet Inc.$745.38Mreported value-122.8K shares-2.8%VVisa Inc.$694.54Mreported value-56.8K shares