Institutional 13F · Context Only · Never a Buy List机构 13F · 仅供背景参考 · 非买入清单
Egerton Capital
quality_growth
B
Reliability improving可靠性走强
leaderboard rank榜单排名 #18
Book持仓规模
$9.0B
long US listed only仅美股多头
Positions持仓数
24
96% resolved已解析
Top-10 concentration前十集中度
69%
% of book占组合%
Turnover换手
LOW
23.3% per quarter每季
Median excess中位超额
-9%
buys vs SPY, since filing买入相对SPY，自申报起 · n 103
Hit rate胜率
37%
share of buys beating SPY跑赢SPY的买入占比
Core lean — the 10-second read核心倾向 — 10秒速读
Core lean: Financials (Equal-Weight) — added V, MCO (+21.3pp of book this quarter)核心倾向：金融（等权） — 本季度加仓 V、MCO（占组合 +21.3pp）
Financials (Equal-Weight)金融（等权）
+21.3pp
32.4% of book held占组合持有
· 5 names标的
· US Sectors (EW)
V
MCO
Materials (Equal-Weight)材料（等权）
+14.4pp
14.4% of book held占组合持有
· 3 names标的
· US Sectors (EW)
LIN
VMC
CRH
Payments & Fintech支付与金融科技
+13.8pp
16.3% of book held占组合持有
· 2 names标的
· Financials
V
Communication Services (Equal-Weight)通信服务（等权）
+11.0pp
11.0% of book held占组合持有
· 1 names标的
· US Sectors (EW)
GOOG
Magnificent Seven七巨头
+5.2pp
10.6% of book held占组合持有
· 2 names标的
· AI & Technology
NVDA
AI InfrastructureAI 基础设施
+5.2pp
9.2% of book held占组合持有
· 2 names标的
· AI & Technology
NVDA
Descriptive read of the latest filing — themes clustered from curated baskets (Finviz fallback), added-pp = Σ % of book bought this quarter. Not a forecast.基于最新申报的描述性解读——主题按精选篮子聚类（Finviz 兜底），added-pp = 本季度买入占组合百分比之和。非预测。
Grade & excess history评级与超额历史
per-quarter buy cohorts, scored on public filing dates vs SPY — descriptive ranks in a curated survivor cohort按季度买入队列，以公开申报日为锚相对SPY评分——精选幸存者队列中的描述性排名Reliability可靠性: improving走强 · 12 scored quarters已评分季度 · 8% positive为正 · recent-4 median近4季中位 -2% vs all-time对全期 -14%
Median excess by quarter各季度中位超额: ▂█▃▂▃▁▁▄▂▄▅▄ (oldest → newest, shifted by the series minimum so negatives render由旧到新，按序列最小值平移以呈现负值)
| Quarter季度 | Buys买入数 | Median excess中位超额 | Hit胜率 | Median fwd 63d中位前瞻63日 |
|---|---|---|---|---|
| 2023-06-30 | 8 | -20% | 38% | +3% |
| 2023-09-30 | 5 | +24% | 60% | +6% |
| 2023-12-31 | 7 | -17% | 29% | +2% |
| 2024-03-31 | 6 | -18% | 33% | -13% |
| 2024-06-30 | 9 | -10% | 44% | +5% |
| 2024-09-30 | 10 | -30% | 20% | -4% |
| 2024-12-31 | 7 | -35% | 29% | +5% |
| 2025-03-31 | 12 | -7% | 42% | -4% |
| 2025-06-30 | 9 | -19% | 33% | -8% |
| 2025-09-30 | 7 | -2% | 29% | -7% |
| 2025-12-31 | 12 | -1% | 50% | -2% |
| 2026-03-31 | 11 | -2% | 36% | — |
Sector exposure & rotation行业配置与轮动
value-weighted, latest filing; QoQ deltas vs prior quarter按市值加权，最新申报；季度环比变化对上季Current weights当前权重 · 2026-03-31
Financial
32.4%
▼ -1.0pp
Basic Materials
14.4%
▲ +8.4pp
Technology
12.9%
▼ -4.1pp
Communication Services
11.9%
▲ +7.2pp
Unclassified
10.0%
▲ +2.1pp
Industrials
6.6%
▲ +1.3pp
Consumer Cyclical
5.5%
▼ -12.0pp
Energy
3.6%
▲ +3.6pp
Real Estate
1.5%
▲ +0.5pp
Financials
1.1%
▼ -0.5pp
Theme categories主题类别
US Sectors (EW) 41.3%
Financials 16.3%
AI & Technology 14.7%
Crypto & Digital Assets 3.9%
Energy & Power 3.6%
Industrials 1.6%
Rotating into (QoQ)轮入（环比）
Basic Materials +8.4pp
Communication Services +7.2pp
Energy +3.6pp
Rotating out of (QoQ)轮出（环比）
Consumer Cyclical -12.0pp
Healthcare -5.6pp
Technology -4.1pp
Quarter history — top-3 sectors季度历史 — 前三大行业
| 2026-03-31 | Financial 32% · Basic Materials 14% · Technology 13% |
| 2025-12-31 | Financial 33% · Consumer Cyclical 17% · Technology 17% |
| 2025-09-30 | Financial 32% · Unclassified 21% · Technology 15% |
| 2025-06-30 | Financial 33% · Unclassified 25% · Technology 13% |
| 2025-03-31 | Unclassified 30% · Financial 28% · Consumer Cyclical 9% |
| 2024-12-31 | Unclassified 30% · Financial 24% · Communication Services 9% |
| 2024-09-30 | Unclassified 27% · Financial 19% · Communication Services 11% |
| 2024-06-30 | Unclassified 30% · Financial 16% · Consumer Cyclical 13% |
| 2024-03-31 | Unclassified 33% · Consumer Cyclical 14% · Financial 14% |
| 2023-12-31 | Unclassified 37% · Consumer Cyclical 14% · Financial 13% |
| 2023-09-30 | Unclassified 43% · Financial 17% · Communication Services 15% |
| 2023-06-30 | Unclassified 44% · Financial 15% · Technology 13% |
Full book完整持仓
every resolved position as filed — click a column header to sort. Conviction is a descriptive composite, not a forecast.截至申报日的全部已解析持仓——点击列头排序。信念分为描述性综合指标，非预测。23 positions shown项持仓 · resolved已解析 23/24 (96%) · unresolved CUSIPs are excluded from this table but counted in book totals未解析CUSIP不列入本表，但计入组合总额
| #↕ | Ticker标的 ↕ | Company公司 ↕ | % book仓位% ↕ | Value金额 ↕ | Action动作 ↕ | Δ sharesΔ股数 ↕ | Add streak连加季数 ↕ | Conviction信念分 ↕ | Sector行业 ↕ | Themes主题 | Since filing自申报 ↕ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | V |
Visa Inc | 13.8% | $1.2B | add | +26% | 5q | 90 · HIGH | Financial | Payments & Fintech, Financials (Equal-Weight) | +13% |
| 2 | GOOG |
Alphabet Inc | 11.0% | $992M | add | +221% | 2q | 78 · HIGH | Communication Services | Communication Services (Equal-Weight) | -12% |
| 3 | MCO |
Moodys Corp | 7.5% | $674M | add | +100% | 2q | 77 · HIGH | Financial | Financials (Equal-Weight) | +14% |
| 4 | LIN |
Linde Plc | 5.9% | $530M | new | — | 1q | 80 · HIGH | Basic Materials | Materials (Equal-Weight) | -1% |
| 5 |  CRS |
Carpenter Technology Corp | 5.8% | $525M | trim | -14% | — | 64 · MODERATE | Industrials | 3D Printing, Manufacturing | +26% |
| 6 |  AMZN |
Amazon Com Inc | 5.5% | $492M | trim | -60% | — | 62 · MODERATE | Consumer Cyclical | Magnificent Seven, Consumer Discretionary (Equal-Weight) | -9% |
| 7 | VMC |
Vulcan Matls Co | 5.3% | $482M | add | +84% | 2q | 71 · HIGH | Basic Materials | Materials (Equal-Weight) | +4% |
| 8 | NVDA |
Nvidia Corporation | 5.2% | $467M | new | — | 1q | 64 · MODERATE | Technology | Magnificent Seven, AI Infrastructure, AI Semiconductors | -9% |
| 9 |  IBKR |
Interactive Brokers Group In | 4.7% | $421M | hold | -10% | — | 58 · MODERATE | Financial | Financials (Equal-Weight) | +13% |
| 10 |  APH |
Amphenol Corp | 4.0% | $363M | trim | -23% | — | 46 · MODERATE | Technology | AI Infrastructure, Non-AI Tech & Hardware, Technology (Equal-Weight) | +22% |
| 11 |  CME |
Cme Group Inc | 3.9% | $349M | hold | +0% | — | 30 · LOW | Financial | Crypto & Digital Rails, Financials (Equal-Weight) | -19% |
| 12 |  UBER |
Uber Technologies Inc | 3.7% | $335M | add | +74% | 2q | 38 · LOW | Technology | Industrials (Equal-Weight) | -2% |
| 13 |  DVN |
Devon Energy Corp New | 3.6% | $328M | new | — | 1q | 32 · LOW | Energy | US Energy Complex, Energy (Equal-Weight) | -9% |
| 14 | CRH |
Crh Plc | 3.2% | $290M | add | +22% | 1q | 30 · LOW | Basic Materials | Materials (Equal-Weight) | -6% |
| 15 |  CNQ |
Canadian Nat Res Ltd Med Ter | 3.1% | $277M | new | — | 1q | 29 · LOW | — | — | — |
| 16 |  MA |
Mastercard Incorporated | 2.5% | $230M | hold | +0% | — | 22 · LOW | Financial | Payments & Fintech, Financials (Equal-Weight) | +11% |
| 17 |  MDLN |
Medline Inc | 2.2% | $194M | new | — | 1q | 26 · LOW | — | — | — |
| 18 |  EMBJ |
Embraer S.a. | 2.0% | $177M | hold | -9% | — | 19 · LOW | — | — | — |
| 19 |  FERG |
Ferguson Enterprises Inc | 1.6% | $148M | trim | -37% | — | 18 · LOW | — | Industrial Distribution & Capital Goods | — |
| 20 |  LAMR |
Lamar Advertising Co | 1.5% | $138M | add | +51% | 1q | 21 · LOW | Real Estate | — | +8% |
| 21 |  RNR |
Renaissancere Hldgs Ltd | 1.1% | $94M | trim | -35% | — | 15 · LOW | Financials | — | +4% |
| 22 |  NYT |
New York Times Co Mtn Be | 0.9% | $81M | trim | -31% | — | 13 · LOW | Communication Services | — | -4% |
| 23 |  AWI |
Armstrong World Inds Inc New | 0.8% | $74M | new | — | 1q | 6 · LOW | Industrials | — | -3% |
Rotation detail轮动明细
this filing cycle, uncapped — adds/new and trims from the resolved book, exits from the rotation feed本申报周期，不设上限——新建/加仓与减持取自已解析持仓，清仓取自轮动数据Rotated into轮入 (13)
| V add |
13.8% | +13% |
| GOOG add |
11.0% | -12% |
| MCO add |
7.5% | +14% |
| LIN new |
5.9% | -1% |
| VMC add |
5.3% | +4% |
| NVDA new |
5.2% | -9% |
| UBER add |
3.7% | -2% |
| DVN new |
3.6% | -9% |
| CRH add |
3.2% | -6% |
| CNQ new |
3.1% | — |
| MDLN new |
2.2% | — |
| LAMR add |
1.5% | +8% |
| AWI new |
0.8% | -3% |
Rotated out of轮出 (11)
| CRS trim |
-14% | +26% |
| AMZN trim |
-60% | -9% |
| APH trim |
-23% | +22% |
| FERG trim |
-37% | — |
| RNR trim |
-35% | +4% |
| NYT trim |
-31% | -4% |
 BSX exit |
-100% | -17% |
 COF exit |
-100% | +16% |
 LPLA exit |
-100% | +9% |
 MSFT exit |
-100% | -2% |
 WYNN exit |
-100% | -1% |
Trade log交易记录
last 40 graded trades, filing-date anchored, newest first — variable hold vs SPY最近40笔已评分交易，以申报日为锚，最新在前——持有期不定，相对SPYNo graded trades available for this fund.该基金暂无已评分交易。
Caveats注意事项 —
13F = quarterly, ~45-day lag, long-only US listed ≥$100M. No shorts, no cash, no non-US positions. This desk is context — ownership is never a directional signal here.13F = 季度披露，约45天滞后，仅含美股多头且持仓≥1亿美元。不含空头、现金或非美股仓位。本台仅为背景参考——持仓数据在此永远不是方向性信号。
Grades and reliability are descriptive ranks within a curated survivor cohort — they measure what filings did after their filing dates, not a manager-selection edge. Conviction and core-lean reads are descriptive composites earning a forward record via the pre-registered ledger (L5); sector/theme classification applies the current map to history.评级与可靠性为精选幸存者队列中的描述性排名——衡量申报日之后持仓的表现，而非经理选择能力。信念分与核心倾向为描述性综合指标，通过预注册账本（L5）积累前瞻记录；行业/主题分类将当前映射应用于历史。