CEDAR ROCK CAPITAL LTD

CIK

1315765

Location

LONDON, X0

Portfolio Value

Mid $4,048,737,082

Diversification

Moderately concentrated

Filing Date

Global Rank

#586 / 6,772 ▼ 27

Top Industry

Household & Personal Products 30.2%

3Y Alpha vs SPY

-12.6%

Period ended 4 years ago

Filed Feb 14, 2022 · 4y

8 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+26.8%

SPY

+76.5%

Annualised alpha

-12.6%

Max drawdown

−15.6%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

8 positions · as of Dec 31, 2021 · Δ vs Sep 30, 2021

Top Position

24.4%

−0.5 pts

Top 5

79.7%

−1.1 pts

Top 10

100.0%

0.0 pts

HHI

1,541

Moderately concentrated−25

Portfolio Trend

8 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2021

Sector	% Portfolio	Value	Positions
Consumer Defensive	58.7%	$2,374,629,125	4
Technology	25.1%	$1,014,833,582	2
Consumer Cyclical	11.9%	$480,787,522	1
Industrials	4.4%	$178,486,853	1

Last Quarter's Activity

Export CSV

Dec 31, 2021 vs Sep 30, 2021

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
PG	PROCTER & GAMBLE Co	−1,382,764	6,027,405	$985,962,909
SBUX	Starbucks Corp	−827,248	4,110,349	$480,787,522
PM	Philip Morris International Inc.	−294,950	7,834,495	$744,277,025
ADP	Automatic Data Processing Inc	−274,969	2,012,066	$496,135,234
CLX	Clorox Co /De/	−258,917	1,365,027	$238,006,107
ZBRA	Zebra Technologies Corp	−215,125	871,469	$518,698,348
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

8 positions · $4,048,737,082 total · as of Dec 31, 2021

All sectors Consumer Cyclical Consumer Defensive Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	6,027,405	-1,382,764	$985,962,909	−4.8%	24.35%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	7,834,495	-294,950	$744,277,025	−3.4%	18.38%
ZBRA	Zebra Technologies Corp Technology	Reduced	871,469	-215,125	$518,698,348	−7.4%	12.81%
ADP	Automatic Data Processing Inc Technology	Reduced	2,012,066	-274,969	$496,135,234	+8.5%	12.25%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	4,110,349	-827,248	$480,787,522	−11.7%	11.87%
KDP	Keurig Dr Pepper Inc. Consumer Defensive	Held	11,025,043	0	$406,383,084	+7.9%	10.04%
CLX	Clorox Co /De/ Consumer Defensive	Reduced	1,365,027	-258,917	$238,006,107	−11.5%	5.88%
EXPD	Expeditors International Of Washington Inc Industrials	Held	1,329,115	0	$178,486,853	+12.7%	4.41%