13F filing recap · Q4 2025

What did Cantillon Capital Management buy in Q4 2025?

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

Stock value

$18.49B

Positions

Estimated turnover

3.7%

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 LPL Financial Holdings and exited Ecolab and Zoetis. The firm also added to Adobe, Tradeweb Markets, and Liberty Media, while trimming Broadcom slightly.

New positions

LPLALpl Financial Holdings Inc.$131.82Mreported value+369.1K shares

Increased positions

GOOGLAlphabet Inc.$1.32Breported value+31.7K shares+0.8%SPGIS&P Global Inc.$917.47Mreported value+13.2K shares+0.8%TSMTaiwan Semiconductor Manufacturing$859.79Mreported value+21.3K shares+0.8%IBKRInteractive Brokers Group, Inc.$820.59Mreported value+95.9K shares

Reduced positions

AVGOBroadcom Inc.$1.59Breported value-95.4K shares-2.0%

Exited positions

ZTSZoetis Inc.$176.42Mprior reported value-1.21M shares-100.0%ECLEcolab Inc.$21.50Mprior reported value-78.5K shares-100.0%