13F filing recap · Q3 2025

What did Cantillon Capital Management buy in Q3 2025?

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

Stock value

$18.16B

Positions

Estimated turnover

6.5%

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 Liberty Media Corporation and exited ICON PLC. The firm trimmed Broadcom and added to Iqvia Holdings, Adobe, and Trip.com Group. It also substantially increased its Tradeweb Markets stake while substantially reducing Ecolab.

New positions

FWONKLiberty Media Corporation$121.80Mreported value+1.17M shares

Increased positions

IQVIqvia Holdings Inc.$366.00Mreported value+413.3K shares+27.3%ADBEAdobe Inc.$352.86Mreported value+143.7K shares+16.8%TCOMTrip.com Group Limited$346.38Mreported value+508.9K shares+12.4%TWTradeweb Markets Inc.$214.67Mreported value+804.4K shares

Reduced positions

AVGOBroadcom Inc.$1.55Breported value-781.0K shares-14.3%GOOGLAlphabet Inc.$1.02Breported value-46.1K shares-1.1%IBKRInteractive Brokers Group, Inc.$871.41Mreported value-139.6K shares-1.1%SPGIS&P Global Inc.$848.05Mreported value-19.2K shares

Exited positions

ICLRICON PLC$67.66Mprior reported value-465.2K shares-100.0%