2026 Q2 Portfolio Activity
In 2026 Q2, Mawer Investment Management Ltd. maintained a portfolio of 154 distinct positions. The most significant new addition was VALMONT INDS INC, now representing 0.45% of the total fund value. They heavily accumulated shares in NVIDIA CORPORATION, increasing the position by 223.5%. The fund also reduced its exposure to MARSH & MCLENNAN COS INC by 46.2%.
Position History
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Total Positions
154
Quarter
2026 Q2
Top Holding
GOOG (6.4%)
Top 10 Concentration
39.5%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 154
Mawer Investment Management Ltd. Full Holdings List — 2026 Q2
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
GOOG
ALPHABET INC
|
Communication Services | 6.44% | 6.07% |
#1
Prev: #1
|
5.1 |
—
|
-584,251 | -17.9% |
P
S
|
2,682,081 | $947,659,680 |
$100.63
+233.3%
|
2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | ||
|
AMZN
AMAZON COM INC
|
Consumer Cyclical | 4.91% | 4.92% |
#2
1
Prev: #3
|
4.0 |
—
|
-621,944 | -17.0% |
P
S
|
3,028,097 | $721,716,639 |
$130.96
+92.3%
|
2017 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | ||
|
MSFT
MICROSOFT CORP
|
Technology | 4.26% | 5.55% |
#3
1
Prev: #2
|
2.7 |
—
|
-635,352 | -27.4% |
P
S
|
1,679,876 | $626,627,346 |
$135.43
+266.0%
|
2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | ||
|
SHEL
SHELL PLC
|
Energy | 4.22% | 4.29% |
#4
Prev: #4
|
4.2 |
—
|
893,456 | 12.5% |
P
S
|
8,013,792 | $621,389,432 | 2022 Q3 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
NVDA
NVIDIA CORPORAT...
|
Technology | 4.19% | 1.07% |
#5
23
Prev: #28
|
5.2 |
—
|
2,127,064 | 223.5% |
P
S
|
3,078,576 | $615,992,272 | 2024 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
V
VISA INC
|
Financial Services | 4.04% | 3.79% |
#6
Prev: #6
|
2.1 |
—
|
-206,566 | -10.7% |
P
S
|
1,730,185 | $593,609,172 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
WAT
WATERS CORP
|
Healthcare | 3.10% | 2.71% |
#7
2
Prev: #9
|
1.7 |
—
|
-186,680 | -13.3% |
P
S
|
1,216,947 | $456,403,803 | 2016 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
COR
CENCORA INC
|
Healthcare | 2.86% | 2.10% |
#8
10
Prev: #18
|
3.6 |
—
|
457,680 | 44.4% |
P
S
|
1,488,843 | $421,312,792 | 2017 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
APH
AMPHENOL CORP
|
Technology | 2.83% | 3.26% |
#9
2
Prev: #7
|
1.1 |
—
|
-1,628,476 | -40.8% |
P
S
|
2,358,285 | $415,812,811 | 2016 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
AON
AON PLC
|
Financial Services | 2.64% | 2.67% |
#10
Prev: #10
|
1.6 |
—
|
-105,464 | -8.3% |
P
S
|
1,171,624 | $388,615,965 | 2013 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
AER
AERCAP HOLDINGS...
|
Industrials | 2.40% | 2.38% |
#11
1
Prev: #12
|
1.5 |
—
|
-259,623 | -9.7% |
P
S
|
2,420,238 | $352,822,296 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
WFC
WELLS FARGO & C...
|
Financial Services | 2.36% | 2.41% |
#12
1
Prev: #11
|
1.4 |
—
|
-475,068 | -10.2% |
P
S
|
4,195,116 | $346,684,386 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
NOC
NORTHROP GRUMMA...
|
Industrials | 2.31% | 3.02% |
#13
5
Prev: #8
|
1.4 |
—
|
-16,293 | -2.4% |
P
S
|
667,069 | $339,744,912 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
AEP
AMERICAN ELEC P...
|
Utilities | 2.12% | 1.13% |
#14
12
Prev: #26
|
3.8 |
—
|
949,366 | 71.1% |
P
S
|
2,283,858 | $312,454,613 | 2021 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
MMC
MARSH & MCLENNA...
|
Unknown | 2.12% | 3.90% |
#15
10
Prev: #5
|
0.8 |
—
|
-1,604,431 | -46.2% |
P
S
|
1,871,159 | $311,866,071 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
BRK/A
BERKSHIRE HATHA...
|
Financial Services | 2.11% | 2.37% |
#16
3
Prev: #13
|
1.3 |
—
|
-94 | -18.5% |
P
S
|
415 | $310,772,750 | 2025 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
META
META PLATFORMS ...
|
Communication Services | 2.09% | 2.27% |
#17
3
Prev: #14
|
1.3 |
—
|
-67,116 | -11.0% |
P
S
|
545,687 | $307,380,030 | 2017 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
JPM
JPMORGAN CHASE ...
|
Financial Services | 2.06% | 2.12% |
#18
2
Prev: #16
|
1.3 |
—
|
-185,777 | -16.7% |
P
S
|
927,802 | $303,697,429 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
SO
SOUTHERN CO
|
Utilities | 1.97% | 2.14% |
#19
4
Prev: #15
|
1.3 |
—
|
-398,445 | -11.6% |
P
S
|
3,023,312 | $289,361,192 | 2021 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
TSEM
TOWER SEMICONDU...
|
Technology | 1.84% | 1.10% |
#20
7
Prev: #27
|
2.7 |
—
|
73,051 | 7.6% |
P
S
|
1,038,086 | $270,566,735 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
ICE
INTERCONTINENTA...
|
Financial Services | 1.70% | 2.12% |
#21
4
Prev: #17
|
1.2 |
—
|
-48,979 | -2.4% |
P
S
|
2,031,582 | $250,108,060 | 2017 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
MA
MASTERCARD INCO...
|
Financial Services | 1.52% | 1.46% |
#22
Prev: #22
|
1.1 |
—
|
-18,028 | -4.0% |
P
S
|
434,186 | $222,997,930 | 2014 Q3 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
CME
CME GROUP INC
|
Financial Services | 1.44% | 1.97% |
#23
4
Prev: #19
|
1.1 |
—
|
-75,357 | -7.3% |
P
S
|
955,942 | $211,100,672 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
SPGI
S&P GLOBAL INC
|
Financial Services | 1.19% | 1.05% |
#24
5
Prev: #29
|
2.5 |
—
|
45,462 | 11.9% |
P
S
|
428,573 | $174,540,640 | 2016 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
SII
SPROTT INC
|
Financial Services | 1.01% | 1.25% |
#25
1
Prev: #24
|
0.9 |
—
|
-30,476 | -2.3% |
P
S
|
1,320,706 | $148,381,319 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
UBER
UBER TECHNOLOGI...
|
Technology | 0.97% | 1.03% |
#26
4
Prev: #30
|
0.9 |
—
|
-229,968 | -10.4% |
P
S
|
1,983,808 | $143,151,585 | 2025 Q3 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
MEDP
MEDPACE HLDGS I...
|
Healthcare | 0.96% | 1.39% |
#27
4
Prev: #23
|
0.4 |
—
|
-178,929 | -40.1% |
P
S
|
267,175 | $141,493,208 | 2025 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
MLM
MARTIN MARIETTA...
|
Basic Materials | 0.95% | 0.97% |
#28
4
Prev: #32
|
0.9 |
—
|
-14,133 | -5.5% |
P
S
|
241,545 | $139,299,002 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
MCK
MCKESSON CORP
|
Healthcare | 0.93% | 0.48% |
#29
20
Prev: #49
|
3.4 |
—
|
94,769 | 110.6% |
P
S
|
180,449 | $136,347,264 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
BWXT
BWX TECHNOLOGIE...
|
Industrials | 0.91% | 0.97% |
#30
3
Prev: #33
|
0.9 |
—
|
-44,412 | -6.0% |
P
S
|
689,750 | $134,259,838 | 2021 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
CDW
CDW CORP
|
Technology | 0.91% | 0.82% |
#31
6
Prev: #37
|
0.9 |
—
|
-102,114 | -9.7% |
P
S
|
949,381 | $133,520,944 | 2020 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
TXN
TEXAS INSTRS IN...
|
Technology | 0.91% | 0.55% |
#32
14
Prev: #46
|
0.9 |
—
|
9,542 | 2.2% |
P
S
|
447,181 | $133,291,241 | 2017 Q3 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
BKNG
BOOKING HOLDING...
|
Consumer Cyclical | 0.90% | 1.55% |
#33
13
Prev: #20
|
3.4 |
—
|
683,781 | 1205.9% |
P
S
|
740,483 | $131,983,690 | 2018 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
CPAY
CORPAY INC
|
Technology | 0.83% | 0.97% |
#34
Prev: #34
|
0.3 |
—
|
-145,707 | -28.4% |
P
S
|
367,757 | $122,562,375 | 2024 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
AJG
GALLAGHER ARTHU...
|
Financial Services | 0.80% | 0.82% |
#35
3
Prev: #38
|
0.8 |
—
|
-71,251 | -12.3% |
P
S
|
510,025 | $117,086,439 | 2020 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
PG
PROCTER & GAMBL...
|
Consumer Defensive | 0.78% | 0.80% |
#36
3
Prev: #39
|
0.8 |
—
|
-66,704 | -7.8% |
P
S
|
784,529 | $115,043,333 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
FCN
FTI CONSULTING ...
|
Industrials | 0.75% | 1.50% |
#37
16
Prev: #21
|
0.3 |
—
|
-574,157 | -43.8% |
P
S
|
736,868 | $109,800,701 | 2021 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
ABBV
ABBVIE INC
|
Healthcare | 0.74% | 0.44% |
#38
14
Prev: #52
|
2.8 |
—
|
121,366 | 39.2% |
P
S
|
431,246 | $108,518,743 | 2023 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
AAON
AAON INC
|
Industrials | 0.74% | 0.45% |
#39
12
Prev: #51
|
0.8 |
—
|
6,590 | 0.8% |
P
S
|
855,173 | $108,487,247 | 2025 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
ABT
ABBOTT LABORATO...
|
Healthcare | 0.73% | 0.83% |
#40
4
Prev: #36
|
0.8 |
—
|
-67,042 | -5.3% |
P
S
|
1,186,677 | $107,679,071 | 2021 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
ABNB
AIRBNB INC
|
Consumer Cyclical | 0.73% | 0.70% |
#41
1
Prev: #42
|
0.8 |
—
|
-108,868 | -12.7% |
P
S
|
746,819 | $106,869,799 | 2025 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
CACI
CACI INTL INC
|
Technology | 0.71% | 0.79% |
#42
2
Prev: #40
|
0.8 |
—
|
513 | 0.2% |
P
S
|
224,720 | $104,103,787 | 2023 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
NOVT
NOVANTA INC
|
Technology | 0.65% | 0.37% |
#43
15
Prev: #58
|
2.8 |
—
|
107,390 | 22.3% |
P
S
|
589,573 | $95,652,324 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
NU
NU HLDGS LTD
|
Financial Services | 0.65% | 0.72% |
#44
3
Prev: #41
|
0.8 |
—
|
-547,729 | -7.1% |
P
S
|
7,155,847 | $95,602,116 | 2021 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
CGNX
COGNEX CORP
|
Technology | 0.64% | 0.38% |
#45
12
Prev: #57
|
2.3 |
—
|
118,363 | 10.0% |
P
S
|
1,305,175 | $94,520,774 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
ITT
ITT INC
|
Industrials | 0.57% | 0.56% |
#46
1
Prev: #45
|
0.7 |
—
|
-31,350 | -6.9% |
P
S
|
422,873 | $83,627,364 | 2024 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
VRSK
VERISK ANALYTIC...
|
Industrials | 0.57% | 0.35% |
#47
16
Prev: #63
|
3.2 |
—
|
178,949 | 62.7% |
P
S
|
464,286 | $83,353,266 | 2016 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
JNJ
JOHNSON & JOHNS...
|
Healthcare | 0.56% | 0.57% |
#48
4
Prev: #44
|
0.7 |
—
|
-39,633 | -10.9% |
P
S
|
322,477 | $81,899,484 | 2011 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
ELV
ELEVANCE HEALTH...
|
Healthcare | 0.49% | 0.36% |
#49
12
Prev: #61
|
0.7 |
—
|
-1,708 | -0.9% |
P
S
|
187,293 | $72,431,822 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
VZ
VERIZON COMMUNI...
|
Communication Services | 0.48% | 0.89% |
#50
15
Prev: #35
|
0.2 |
—
|
-1,054,206 | -38.6% |
P
S
|
1,676,590 | $70,986,821 | 2014 Q3 | 13F Filing | 2026-06-30 | 2026-08-07 |
Showing 1-50 of 154 holdings