Q4 2025 · 13F-HR
Mawer Investment Management Ltd.holdings as filed
Filed 2026-02-10 · accession 0000945621-26-000248
$17.85B
Reported value
125
Positions
2025-12-31
Period end
The Brief · Mawer Investment Management Ltd. · Q4 2025
AI · grounded in 13F
Mawer Investment Management Ltd. closed its position in Pool Corp POOL, reducing its holdings by $131.6M. The fund significantly increased its stake in Uber Technologies Inc UBER by 230.9% and Wells Fargo Co New WMT2 by 177.7%. Other notable activity includes a 121.4% increase in Southern Co SO and a 40.8% reduction in Aon PLC AON.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 594918104 | MSFT | MICROSOFT CORP | $1.27B | 7.12% | 2,626,566 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $1.15B | 6.45% | 3,669,059 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $939.4M | 5.26% | 4,069,955 | Common | SOLE |
| 571748102 | MRSH | MARSH & MCLENNAN COS INC | $724.6M | 4.06% | 3,905,686 | Common | SOLE |
| 92826C839 | V | VISA INC | $713.8M | 4.00% | 2,035,207 | Common | SOLE |
| 032095101 | APH | AMPHENOL CORP NEW | $687.3M | 3.85% | 5,085,546 | Common | SOLE |
| 09857L108 | BKNG | BOOKING HOLDINGS INC | $600.9M | 3.37% | 112,205 | Common | SOLE |
| 780259305 | SHEL | SHELL PLC | $593.4M | 3.32% | 8,075,089 | Common | SOLE |
| G0403H108 | AON | AON PLC | $521.4M | 2.92% | 1,477,693 | Common | SOLE |
| 941848103 | WAT | WATERS CORP | $493.3M | 2.76% | 1,298,752 | Common | SOLE |
| 666807102 | NOC | NORTHROP GRUMMAN CORP | $482.5M | 2.70% | 846,131 | Common | SOLE |
| N00985106 | AER | AERCAP HOLDINGS NV | $470.5M | 2.64% | 3,272,935 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO CO NEW | $454.5M | 2.55% | 4,876,127 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $454.3M | 2.54% | 688,205 | Common | SOLE |
| 084670108 | BRK/A | BERKSHIRE HATHAWAY INC DEL | $443.1M | 2.48% | 587 | Common | SOLE |
| 302941109 | FCN | FTI CONSULTING INC | $393.9M | 2.21% | 2,305,748 | Common | SOLE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $393.7M | 2.21% | 2,430,848 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $327.2M | 1.83% | 1,015,553 | Common | SOLE |
| 12572Q105 | CME | CME GROUP INC | $311.4M | 1.74% | 1,140,499 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $264.4M | 1.48% | 463,159 | Common | SOLE |
| 038336103 | ATR | APTARGROUP INC | $250.9M | 1.41% | 2,057,224 | Common | SOLE |
| 12514G108 | CDW | CDW CORP | $243.4M | 1.36% | 1,786,808 | Common | SOLE |
| 58506Q109 | MEDP | MEDPACE HLDGS INC | $228.8M | 1.28% | 407,302 | Common | SOLE |
| 03073E105 | COR | CENCORA INC | $208.8M | 1.17% | 618,284 | Common | SOLE |
| 671044105 | OSIS | OSI SYSTEMS INC | $205.0M | 1.15% | 803,602 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $204.6M | 1.15% | 2,503,682 | Common | SOLE |
| 219948106 | CPAY | CORPAY INC | $189.6M | 1.06% | 630,173 | Common | SOLE |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $188.6M | 1.06% | 846,921 | Common | SOLE |
| 244199105 | DE | DEERE & CO | $178.1M | 1.00% | 382,487 | Common | SOLE |
| 573284106 | MLM | MARTIN MARIETTA MATLS INC | $165.0M | 0.92% | 264,946 | Common | SOLE |
| 363576109 | AJG | GALLAGHER ARTHUR J & CO | $158.6M | 0.89% | 613,031 | Common | SOLE |
| 002824100 | ABT | ABBOTT LABS | $156.0M | 0.87% | 1,245,467 | Common | SOLE |
| 842587107 | SO | SOUTHERN CO | $154.1M | 0.86% | 1,767,773 | Common | SOLE |
| 852066208 | SII | SPROTT INC | $148.3M | 0.83% | 1,515,002 | Common | SOLE |
| 88034P109 | TME | TENCENT MUSIC ENTMT GROUP | $136.9M | 0.77% | 7,808,297 | Common | SOLE |
| 05605H100 | BWXT | BWX TECHNOLOGIES INC | $133.6M | 0.75% | 772,693 | Common | SOLE |
| 127190304 | CACI | CACI INTL INC | $131.2M | 0.74% | 246,257 | Common | SOLE |
| 742718109 | PG | PROCTER AND GAMBLE CO | $128.5M | 0.72% | 896,693 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $121.6M | 0.68% | 2,984,875 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $116.5M | 0.65% | 3,187,295 | Common | SOLE |
| 025537101 | AEP | AMERICAN ELEC PWR CO INC | $112.6M | 0.63% | 976,788 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $107.7M | 0.60% | 206,095 | Common | SOLE |
| 075887109 | BDX | BECTON DICKINSON & CO | $105.4M | 0.59% | 543,136 | Common | SOLE |
| G1151C101 | ACN | ACCENTURE PLC IRELAND | $95.1M | 0.53% | 354,552 | Common | SOLE |
| 009066101 | ABNB | AIRBNB INC | $90.6M | 0.51% | 667,850 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $86.1M | 0.48% | 415,882 | Common | SOLE |
| 235851102 | DHR | DANAHER CORPORATION | $84.8M | 0.48% | 370,579 | Common | SOLE |
| 29667J101 | ESQ | ESQUIRE FINL HLDGS INC | $81.7M | 0.46% | 800,465 | Common | SOLE |
| 882508104 | TXN | TEXAS INSTRS INC | $79.3M | 0.44% | 456,844 | Common | SOLE |
| 64110W102 | NTES | NETEASE INC | $77.1M | 0.43% | 559,896 | Common | SOLE |
| G6683N103 | NU | NU HLDGS LTD | $76.8M | 0.43% | 4,585,720 | Common | SOLE |
| 45073V108 | ITT | ITT INC | $73.3M | 0.41% | 422,740 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC FORMERLY | $72.6M | 0.41% | 207,095 | Common | SOLE |
| 068463108 | BBSI | BARRETT BUSINESS SVCS INC | $71.1M | 0.40% | 1,964,053 | Common | SOLE |
| 090572207 | BIO | BIO RAD LABS INC | $70.9M | 0.40% | 233,946 | Common | SOLE |
| 654106103 | NKE | NIKE INC | $68.2M | 0.38% | 1,070,117 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $66.6M | 0.37% | 356,928 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $59.7M | 0.33% | 261,398 | Common | SOLE |
| 000360206 | AAON | AAON INC | $58.4M | 0.33% | 766,207 | Common | SOLE |
| 892672106 | TW | TRADEWEB MKTS INC | $57.1M | 0.32% | 531,171 | Common | SOLE |
| 92345Y106 | VRSK | VERISK ANALYTICS INC | $57.1M | 0.32% | 255,201 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $56.7M | 0.32% | 186,670 | Common | SOLE |
| 67000B104 | NOVT | NOVANTA INC | $54.4M | 0.30% | 457,160 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $47.9M | 0.27% | 145,241 | Common | SOLE |
| 45778Q107 | NSP | INSPERITY INC | $46.5M | 0.26% | 1,200,192 | Common | SOLE |
| 192422103 | CGNX | COGNEX CORP | $46.2M | 0.26% | 1,282,831 | Common | SOLE |
| 92047W101 | VVV | VALVOLINE INC | $45.0M | 0.25% | 1,547,060 | Common | SOLE |
| 427866108 | HSY | HERSHEY CO | $44.8M | 0.25% | 246,199 | Common | SOLE |
| 98978V103 | ZTS | ZOETIS INC | $44.6M | 0.25% | 354,445 | Common | SOLE |
| 824348106 | SHW | SHERWIN WILLIAMS CO | $43.3M | 0.24% | 133,748 | Common | SOLE |
| 031100100 | AME | AMETEK INC | $41.3M | 0.23% | 201,078 | Common | SOLE |
| 25787G100 | DFIN | DONNELLEY FINL SOLUTIONS INC | $40.1M | 0.22% | 859,565 | Common | SOLE |
| 099724106 | BWA | BORGWARNER INC | $39.4M | 0.22% | 874,457 | Common | SOLE |
| 45841N107 | IBKR | INTERACTIVE BROKERS GROUP IN | $27.6M | 0.15% | 429,818 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $27.6M | 0.15% | 54,833 | Common | SOLE |
| 579780206 | MKC | MCCORMICK & CO INC | $27.2M | 0.15% | 400,074 | Common | SOLE |
| 78351F107 | RYAN | RYAN SPECIALTY HOLDINGS INC | $27.1M | 0.15% | 525,172 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $26.3M | 0.15% | 206,248 | Common | SOLE |
| G8068L108 | SN | SHARKNINJA INC | $24.2M | 0.14% | 216,701 | Common | SOLE |
| 59100U108 | CASH | PATHWARD FINANCIAL INC | $22.1M | 0.12% | 310,623 | Common | SOLE |
| 29358P101 | ENSG | ENSIGN GROUP INC | $22.0M | 0.12% | 126,186 | Common | SOLE |
| 04965M106 | ATAT | ATOUR LIFESTYLE HLDGS LTD | $18.9M | 0.11% | 479,543 | Common | SOLE |
| 50212V100 | LPLA | LPL FINL HLDGS INC | $17.7M | 0.10% | 49,606 | Common | SOLE |
| 761152107 | RMD | RESMED INC | $17.6M | 0.10% | 72,954 | Common | SOLE |
| 49714P108 | KNSL | KINSALE CAP GROUP INC | $13.5M | 0.08% | 34,580 | Common | SOLE |
| 74935Q107 | RBA | RB GLOBAL INC | $12.5M | 0.07% | 121,299 | Common | SOLE |
| 482480100 | KLAC | KLA CORP | $11.6M | 0.07% | 9,587 | Common | SOLE |
| 258278100 | DORM | DORMAN PRODS INC | $11.2M | 0.06% | 91,249 | Common | SOLE |
| 48238T109 | OPLN | OPENLANE INC | $11.1M | 0.06% | 372,320 | Common | SOLE |
| 946784105 | WAY | WAYSTAR HLDG CORP | $11.1M | 0.06% | 337,732 | Common | SOLE |
| 82452J109 | FOUR | SHIFT4 PMTS INC | $10.7M | 0.06% | 169,872 | Common | SOLE |
| 142339100 | CSL | CARLISLE COS INC | $10.3M | 0.06% | 32,310 | Common | SOLE |
| 626755102 | MUSA | MURPHY USA INC | $10.2M | 0.06% | 25,365 | Common | SOLE |
| 80004C200 | SNDK | SANDISK CORP | $10.2M | 0.06% | 42,908 | Common | SOLE |
| 55087P104 | LYFT | LYFT INC | $9.8M | 0.06% | 508,078 | Common | SOLE |
| 00790R104 | WMS | ADVANCED DRAIN SYS INC DEL | $9.5M | 0.05% | 65,373 | Common | SOLE |
| 58507V107 | MDLN | MEDLINE INC | $9.4M | 0.05% | 225,000 | Common | SOLE |
| 934550203 | WMG | WARNER MUSIC GROUP CORP | $9.0M | 0.05% | 295,041 | Common | SOLE |
| 85208M102 | SFM | SPROUTS FMRS MKT INC | $7.7M | 0.04% | 97,119 | Common | SOLE |
| 92847W103 | VITL | VITAL FARMS INC | $6.9M | 0.04% | 216,077 | Common | SOLE |
| 458334109 | IPAR | INTERPARFUMS INC | $6.5M | 0.04% | 76,881 | Common | SOLE |
| 199908104 | FIX | COMFORT SYS USA INC | $6.1M | 0.03% | 6,497 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $6.0M | 0.03% | 19,052 | Common | SOLE |
| 67103H107 | ORLY | OREILLY AUTOMOTIVE INC | $5.8M | 0.03% | 63,620 | Common | SOLE |
| 298736109 | EEFT | EURONET WORLDWIDE INC | $5.7M | 0.03% | 75,374 | Common | SOLE |
| 48581R205 | KSPI | KASPI KZ JSC | $5.7M | 0.03% | 72,791 | Common | SOLE |
| 124805102 | CBZ | CBIZ INC | $4.9M | 0.03% | 97,223 | Common | SOLE |
| 46435G334 | EWU | ISHARES TR | $4.7M | 0.03% | 107,855 | Common | SOLE |
| 58039P305 | MUX | MCEWEN INC. | $4.6M | 0.03% | 249,981 | Common | SOLE |
| 126402106 | CSW | CSW INDUSTRIALS INC | $4.5M | 0.02% | 15,173 | Common | SOLE |
| 101137107 | BSX | BOSTON SCIENTIFIC CORP | $4.4M | 0.02% | 46,199 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $3.9M | 0.02% | 34,390 | Common | SOLE |
| 92189F643 | MOAT | VANECK ETF TRUST | $3.7M | 0.02% | 36,020 | Common | SOLE |
| 52476L109 | LGN | LEGENCE CORP | $3.7M | 0.02% | 85,338 | Common | SOLE |
| 852234103 | XYZ | BLOCK INC | $3.1M | 0.02% | 47,043 | Common | SOLE |
| 679580100 | ODFL | OLD DOMINION FREIGHT LINE IN | $3.1M | 0.02% | 19,484 | Common | SOLE |
| G17977110 | BUR | BURFORD CAP LTD | $2.2M | 0.01% | 249,181 | Common | SOLE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $1.7M | 0.01% | 10,855 | Common | SOLE |
| 92537N108 | VRT | VERTIV HOLDINGS CO | $1.5M | 0.01% | 9,143 | Common | SOLE |
| 464287812 | IYK | ISHARES TR | $1.1M | 0.01% | 16,980 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $1.1M | 0.01% | 3,921 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $1.0M | 0.01% | 8,123 | Common | SOLE |
| 922908512 | VOE | VANGUARD INDEX FDS | $293,902 | 0.00% | 1,657 | Common | SOLE |
| 780087102 | RY | ROYAL BK CDA | $254,883 | 0.00% | 1,495 | Common | SOLE |
| 532457108 | LLY | ELI LILLY & CO | $252,550 | 0.00% | 235 | 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.