Q2 2025 · 13F-HR
Mawer Investment Management Ltd.holdings as filed
Filed 2025-08-07 · accession 0000945621-25-000670
$19.72B
Reported value
110
Positions
2025-06-30
Period end
The Brief · Mawer Investment Management Ltd. · Q2 2025
AI · grounded in 13F
Mawer Investment Management Ltd. established a new position in MSFT valued at $1.43B. The fund also initiated new stakes in MRSH for $1.18B and AON for $1.06B. Other new additions include GOOG at $923.7M and BKNG at $919.3M. Total assets under management stand at $19.72B across 110 positions.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | MICROSOFT CORP | $1.43B | 7.25% | 2,872,812 | Common | SOLE |
| 571748102 | MRSH | MARSH & MCLENNAN COS INC | $1.18B | 5.96% | 5,374,871 | Common | SOLE |
| G0403H108 | AON | AON PLC | $1.06B | 5.38% | 2,971,533 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $923.7M | 4.68% | 5,207,025 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $919.3M | 4.66% | 158,802 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $870.9M | 4.42% | 3,969,780 | Common | SOLE |
| 92826C839 | V | VISA INC | $750.5M | 3.81% | 2,113,894 | Common | SOLE |
| 032095101 | APH | AMPHENOL CORP NEW | $733.5M | 3.72% | 7,428,103 | Common | SOLE |
| 302941109 | FCN | FTI CONSULTING INC | $616.3M | 3.13% | 3,816,177 | Common | SOLE |
| 084670108 | BRK/A | BERKSHIRE HATHAWAY INC DEL | $591.1M | 3.00% | 811 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $543.2M | 2.75% | 735,898 | Common | SOLE |
| 666807102 | NOC | NORTHROP GRUMMAN CORP | $492.0M | 2.49% | 984,009 | Common | SOLE |
| 12514G108 | CDW | CDW CORP | $471.9M | 2.39% | 2,642,368 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $360.1M | 1.83% | 1,241,969 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $330.5M | 1.68% | 1,059,369 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $323.2M | 1.64% | 4,590,494 | Common | SOLE |
| 550021109 | LULU | LULULEMON ATHLETICA INC | $323.0M | 1.64% | 1,359,440 | Common | SOLE |
| 45778Q107 | NSP | INSPERITY INC | $291.0M | 1.48% | 4,840,182 | Common | SOLE |
| 244199105 | DE | DEERE & CO | $284.5M | 1.44% | 559,417 | Common | SOLE |
| 219948106 | CPAY | CORPAY INC | $270.9M | 1.37% | 816,491 | Common | SOLE |
| 58506Q109 | MEDP | MEDPACE HLDGS INC | $256.6M | 1.30% | 817,432 | Common | SOLE |
| 038336103 | ATR | APTARGROUP INC | $219.1M | 1.11% | 1,400,757 | Common | SOLE |
| 363576109 | AJG | GALLAGHER ARTHUR J & CO | $218.2M | 1.11% | 681,510 | Common | SOLE |
| 896288107 | TNET | TRINET GROUP INC | $205.3M | 1.04% | 2,806,573 | Common | SOLE |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $202.1M | 1.03% | 928,323 | Common | SOLE |
| 03073E105 | COR | CENCORA INC | $201.4M | 1.02% | 671,609 | Common | SOLE |
| 934550203 | WMG | WARNER MUSIC GROUP CORP | $200.8M | 1.02% | 7,373,050 | Common | SOLE |
| 12572Q105 | CME | CME GROUP INC | $199.9M | 1.01% | 725,181 | Common | SOLE |
| 88034P109 | TME | TENCENT MUSIC ENTMT GROUP | $197.7M | 1.00% | 10,145,806 | Common | SOLE |
| G1151C101 | ACN | ACCENTURE PLC IRELAND | $194.8M | 0.99% | 651,781 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $185.1M | 0.94% | 4,277,814 | Common | SOLE |
| N00985106 | AER | AERCAP HOLDINGS NV | $181.4M | 0.92% | 1,550,229 | Common | SOLE |
| 98850P109 | YUMC | YUM CHINA HLDGS INC | $168.6M | 0.85% | 3,769,865 | Common | SOLE |
| 941848103 | WAT | WATERS CORP | $166.3M | 0.84% | 476,561 | Common | SOLE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $162.5M | 0.82% | 885,746 | Common | SOLE |
| 770323103 | RHI | ROBERT HALF INC. | $161.8M | 0.82% | 3,942,158 | Common | SOLE |
| 002824100 | ABT | ABBOTT LABS | $161.3M | 0.82% | 1,185,658 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $158.5M | 0.80% | 282,072 | Common | SOLE |
| 742718109 | PG | PROCTER AND GAMBLE CO | $158.2M | 0.80% | 992,814 | Common | SOLE |
| 573284106 | MLM | MARTIN MARIETTA MATLS INC | $157.4M | 0.80% | 286,720 | Common | SOLE |
| 73278L105 | POOL | POOL CORP | $145.3M | 0.74% | 498,344 | Common | SOLE |
| 05605H100 | BWXT | BWX TECHNOLOGIES INC | $129.7M | 0.66% | 900,449 | Common | SOLE |
| 127190304 | CACI | CACI INTL INC | $127.0M | 0.64% | 266,456 | Common | SOLE |
| 671044105 | OSIS | OSI SYSTEMS INC | $115.3M | 0.58% | 512,656 | Common | SOLE |
| 025537101 | AEP | AMERICAN ELEC PWR CO INC | $113.0M | 0.57% | 1,088,876 | Common | SOLE |
| 92345Y106 | VRSK | VERISK ANALYTICS INC | $110.7M | 0.56% | 355,282 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $108.0M | 0.55% | 1,408,023 | Common | SOLE |
| 92047W101 | VVV | VALVOLINE INC | $101.4M | 0.51% | 2,678,878 | Common | SOLE |
| 824348106 | SHW | SHERWIN WILLIAMS CO | $93.8M | 0.48% | 273,259 | Common | SOLE |
| 654106103 | NKE | NIKE INC | $85.9M | 0.44% | 1,209,399 | Common | SOLE |
| 068463108 | BBSI | BARRETT BUSINESS SVCS INC | $81.3M | 0.41% | 1,950,056 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $79.2M | 0.40% | 400,889 | Common | SOLE |
| 882508104 | TXN | TEXAS INSTRS INC | $76.9M | 0.39% | 370,186 | Common | SOLE |
| 842587107 | SO | SOUTHERN CO | $76.8M | 0.39% | 836,480 | Common | SOLE |
| 075887109 | BDX | BECTON DICKINSON & CO | $76.2M | 0.39% | 442,162 | Common | SOLE |
| 29667J101 | ESQ | ESQUIRE FINL HLDGS INC | $73.4M | 0.37% | 775,879 | Common | SOLE |
| 892672106 | TW | TRADEWEB MKTS INC | $70.0M | 0.35% | 478,149 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $69.7M | 0.35% | 132,151 | Common | SOLE |
| 48581R205 | KSPI | KASPI KZ JSC | $68.4M | 0.35% | 805,524 | Common | SOLE |
| 25787G100 | DFIN | DONNELLEY FINL SOLUTIONS INC | $66.2M | 0.34% | 1,074,386 | Common | SOLE |
| 090572207 | BIO | BIO RAD LABS INC | $64.5M | 0.33% | 267,108 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $62.6M | 0.32% | 409,812 | Common | SOLE |
| 64110W102 | NTES | NETEASE INC | $62.4M | 0.32% | 463,490 | Common | SOLE |
| 704326107 | PAYX | PAYCHEX INC | $59.3M | 0.30% | 407,696 | Common | SOLE |
| 000360206 | AAON | AAON INC | $58.3M | 0.30% | 790,466 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC | $53.9M | 0.27% | 138,539 | Common | SOLE |
| 45073V108 | ITT | ITT INC | $51.1M | 0.26% | 326,078 | Common | SOLE |
| 852066208 | SII | SPROTT INC | $50.4M | 0.26% | 729,889 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $47.1M | 0.24% | 208,068 | Common | SOLE |
| 98978V103 | ZTS | ZOETIS INC | $45.8M | 0.23% | 293,580 | Common | SOLE |
| 192422103 | CGNX | COGNEX CORP | $45.7M | 0.23% | 1,441,467 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $45.3M | 0.23% | 243,994 | Common | SOLE |
| 042068205 | ARM | ARM HOLDINGS PLC | $44.6M | 0.23% | 275,747 | Common | SOLE |
| 031100100 | AME | AMETEK INC | $43.0M | 0.22% | 237,469 | Common | SOLE |
| 427866108 | HSY | HERSHEY CO | $42.4M | 0.22% | 255,641 | Common | SOLE |
| G4705A100 | ICLR | ICON PLC | $38.7M | 0.20% | 265,985 | Common | SOLE |
| 857477103 | STT | STATE STR CORP | $38.5M | 0.20% | 361,659 | Common | SOLE |
| 579780206 | MKC | MCCORMICK & CO INC | $36.5M | 0.19% | 481,513 | Common | SOLE |
| 78351F107 | RYAN | RYAN SPECIALTY HOLDINGS INC | $33.8M | 0.17% | 496,934 | Common | SOLE |
| 099724106 | BWA | BORGWARNER INC | $33.0M | 0.17% | 984,690 | Common | SOLE |
| 833034101 | SNA | SNAP ON INC | $31.6M | 0.16% | 101,663 | Common | SOLE |
| G8068L108 | SN | SHARKNINJA INC | $28.9M | 0.15% | 292,293 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $28.0M | 0.14% | 57,627 | Common | SOLE |
| 45841N107 | IBKR | INTERACTIVE BROKERS GROUP IN | $25.0M | 0.13% | 452,048 | Common | SOLE |
| 59100U108 | CASH | PATHWARD FINANCIAL INC | $20.2M | 0.10% | 254,995 | Common | SOLE |
| 761152107 | RMD | RESMED INC | $20.1M | 0.10% | 77,970 | Common | SOLE |
| 50212V100 | LPLA | LPL FINL HLDGS INC | $19.9M | 0.10% | 52,984 | Common | SOLE |
| 49714P108 | KNSL | KINSALE CAP GROUP INC | $17.3M | 0.09% | 35,686 | Common | SOLE |
| 29358P101 | ENSG | ENSIGN GROUP INC | $16.9M | 0.09% | 109,570 | Common | SOLE |
| 31946M103 | FCNCA | FIRST CTZNS BANCSHARES INC N | $16.9M | 0.09% | 8,624 | Common | SOLE |
| 142339100 | CSL | CARLISLE COS INC | $14.8M | 0.07% | 39,517 | Common | SOLE |
| 74935Q107 | RBA | RB GLOBAL INC | $13.8M | 0.07% | 130,327 | Common | SOLE |
| 626755102 | MUSA | MURPHY USA INC | $12.9M | 0.07% | 31,702 | Common | SOLE |
| 23331A109 | DHI | D R HORTON INC | $12.3M | 0.06% | 95,106 | Common | SOLE |
| 82452J109 | FOUR | SHIFT4 PMTS INC | $10.6M | 0.05% | 106,829 | Common | SOLE |
| 009066101 | ABNB | AIRBNB INC | $9.9M | 0.05% | 75,036 | Common | SOLE |
| 00790R104 | WMS | ADVANCED DRAIN SYS INC DEL | $9.5M | 0.05% | 82,391 | Common | SOLE |
| 124805102 | CBZ | CBIZ INC | $9.2M | 0.05% | 128,668 | Common | SOLE |
| 482480100 | KLAC | KLA CORP | $9.2M | 0.05% | 10,251 | Common | SOLE |
| 92343E102 | VRSN | VERISIGN INC | $8.8M | 0.04% | 30,536 | Common | SOLE |
| 67103H107 | ORLY | OREILLY AUTOMOTIVE INC | $8.3M | 0.04% | 92,620 | Common | SOLE |
| 298736109 | EEFT | EURONET WORLDWIDE INC | $8.2M | 0.04% | 80,407 | Common | SOLE |
| 571903202 | MAR | MARRIOTT INTL INC NEW | $6.7M | 0.03% | 24,704 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $6.1M | 0.03% | 34,560 | Common | SOLE |
| 35969L108 | YMM | FULL TRUCK ALLIANCE CO LTD | $5.1M | 0.03% | 431,100 | Common | SOLE |
| 67000B104 | NOVT | NOVANTA INC | $4.2M | 0.02% | 32,207 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $2.8M | 0.01% | 27,000 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $812,473 | 0.00% | 3,960 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $315,980 | 0.00% | 2,000 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $233,859 | 0.00% | 300 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.