Mawer Investment Management Ltd.
Filing Date
Global Rank
#343
/ 8,621
▼ 18
· as of Mar 2026
Top Industry
Insurance Brokers
8.2%
3Y Alpha vs SPY
-16.1%
Period ended 4 months ago
Filed May 12, 2026 · 3mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
+16.4%
SPY
+67.9%
Annualised alpha
-13.6%
Max drawdown
−14.6%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
124 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
6.2%
−2.0 pts
Top 5
25.0%
−2.8 pts
Top 10
40.6%
−3.5 pts
HHI
253
Diversified−38
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 29.6% | $4,106,582,064 |
| Technology | 19.8% | $2,748,067,999 |
| Healthcare | 13.5% | $1,872,624,609 |
| Industrials | 12.8% | $1,772,485,286 |
| Consumer Cyclical | 8.1% | $1,131,938,211 |
| Energy | 5.0% | $691,126,578 |
| Communication Services | 4.5% | $627,118,851 |
| Utilities | 3.6% | $505,193,196 |
| Consumer Defensive | 1.7% | $236,070,570 |
| Basic Materials | 1.5% | $201,578,455 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| NU | Nu Holdings Ltd. | +3,117,856 | 7,703,576 | $110,700,387 | |
| SO | Southern Co | +1,653,984 | 3,421,757 | $330,267,985 | |
| OPLN | OPENLANE, Inc. | +712,355 | 1,084,675 | $31,618,276 | |
| NVDA | Nvidia Corp | +594,584 | 951,512 | $165,943,692 | |
| BSX | Boston Scientific Corp | +543,460 | 589,659 | $37,001,102 | |
| MUX | McEwen Inc. | +456,870 | 706,851 | $14,433,897 | |
| COR | Cencora, Inc. | +412,879 | 1,031,163 | $323,929,544 | |
| ZTS | Zoetis Inc. | +398,838 | 753,283 | $89,045,583 | |
| AEP | American Electric Power Co Inc | +357,704 | 1,334,492 | $174,925,211 | |
| IPAR | Interparfums Inc | +233,973 | 310,854 | $28,237,977 | |
| ABNB | Airbnb, Inc. | +187,837 | 855,687 | $108,056,154 | |
| SPGI | S&P Global Inc. | +177,016 | 383,111 | $154,165,015 | |
| ATAT | Atour Lifestyle Holdings Ltd | +168,585 | 648,128 | $23,857,591 | |
| DORM | Dorman Products, Inc. | +163,941 | 255,190 | $26,631,628 | |
| MDLN | Medline Inc. | +142,296 | 367,296 | $16,344,672 | |
| XYZ | Block, Inc. | +131,014 | 178,057 | $10,715,470 | |
| WAY | Waystar Holding Corp. | +115,437 | 453,169 | $10,925,904 | |
| WAT | Waters Corp /De/ | +104,875 | 1,403,627 | $418,000,120 | |
| JPM | Jpmorgan Chase & Co | +98,026 | 1,113,579 | $327,570,398 | |
| TW | Tradeweb Markets Inc. | +95,380 | 626,551 | $73,719,990 | |
| AAON | Aaon, Inc. | +82,376 | 848,583 | $70,220,243 | |
| LGN | Legence Corp. | +48,847 | 134,185 | $7,576,085 | |
| ABBV | AbbVie Inc. | +48,482 | 309,880 | $67,395,801 | |
| WMG | Warner Music Group Corp. | +46,284 | 341,325 | $8,717,440 | |
| ENSG | Ensign Group, Inc | +42,740 | 168,926 | $34,038,589 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| ATR | Aptargroup, Inc. | −1,399,951 | 657,273 | $82,829,543 | |
| APH | Amphenol Corp /De/ | −1,098,785 | 3,986,761 | $503,727,252 | |
| FCN | Fti Consulting, Inc | −994,723 | 1,311,025 | $231,749,889 | |
| SHEL | Shell plc | −954,753 | 7,120,336 | $662,191,248 | |
| CDW | CDW Corp | −735,313 | 1,051,495 | $127,251,924 | |
| TME | Tencent Music Entertainment Group | −593,548 | 7,214,749 | $66,952,870 | |
| AER | AerCap Holdings N.V. | −593,074 | 2,679,861 | $367,623,331 | |
| HDB | Hdfc Bank Ltd | −502,365 | 2,684,930 | $66,801,058 | |
| VVV | Valvoline Inc | −460,886 | 1,086,174 | $36,582,340 | |
| NSP | Insperity, Inc. | −453,249 | 746,943 | $20,197,338 | |
| DFIN | Donnelley Financial Solutions, Inc. | −435,861 | 423,704 | $19,973,406 | |
| MRSH | Marsh & Mclennan Companies, Inc. | −430,096 | 3,475,590 | $602,841,085 | |
| AMZN | Amazon Com Inc | −419,914 | 3,650,041 | $760,194,039 | |
| ICE | Intercontinental Exchange, Inc. | −350,287 | 2,080,561 | $327,230,634 | |
| MSFT | Microsoft Corp | −311,338 | 2,315,228 | $857,027,948 | |
| UBER | Uber Technologies, Inc | −289,906 | 2,213,776 | $159,236,907 | |
| BBSI | Barrett Business Services Inc | −262,241 | 1,701,812 | $49,658,874 | |
| VZ | Verizon Communications Inc | −254,079 | 2,730,796 | $137,085,959 | |
| WFC | Wells Fargo & Company/Mn | −205,943 | 4,670,184 | $371,793,348 | |
| AON | Aon plc | −200,605 | 1,277,088 | $412,218,464 | |
| BDX | Becton Dickinson & Co | −187,915 | 355,221 | $55,851,397 | |
| FERG | Ferguson Enterprises Inc. /DE/ | −174,890 | 672,031 | $156,757,951 | |
| SII | Sprott Inc. | −163,820 | 1,351,182 | $193,083,907 | |
| NOC | Northrop Grumman Corp /De/ | −162,769 | 683,362 | $466,216,890 | |
| OSIS | Osi Systems Inc | −140,968 | 662,634 | $175,935,953 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
16 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| TSEM | Tower Semiconductor Ltd | 965,035 | $169,344,341 | |
| MCK | Mckesson Corp | 85,680 | $74,144,044 | |
| VG | Venture Global, Inc. | 770,415 | $12,141,740 | |
| FANG | Diamondback Energy, Inc. | 60,054 | $11,878,080 | |
| BKTI | BK Technologies Corp | 116,904 | $8,724,545 | |
| AMTM | Amentum Holdings, Inc. | 333,790 | $8,705,243 | |
| SAIA | Saia Inc | 18,844 | $6,619,520 | |
| XPO | XPO, Inc. | 33,010 | $6,422,095 | |
| LITE | Lumentum Holdings Inc. | 8,883 | $6,242,617 | |
| NEM | NEWMONT Corp /DE/ | 31,755 | $3,437,478 | |
| CHRD | Chord Energy Corp | 23,234 | $3,303,410 | |
| GTX | Garrett Motion Inc. | 179,560 | $3,262,605 | |
| WSC | WillScot Holdings Corp | 177,979 | $3,089,715 | |
| EOG | Eog Resources Inc | 11,151 | $1,612,100 | |
| BCO | Brinks Co | 14,614 | $1,514,448 | |
| VEEV | Veeva Systems Inc | 5,494 | $965,076 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
10 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| DE | Deere & Co | 382,487 | $178,074,472 | |
| ACN | Accenture plc | 354,552 | $95,126,301 | |
| FOUR | Shift4 Payments, Inc. | 169,872 | $10,696,839 | |
| LYFT | Lyft, Inc. | 508,078 | $9,841,470 | |
| VITL | Vital Farms, Inc. | 216,077 | $6,901,499 | |
| EEFT | Euronet Worldwide, Inc. | 75,374 | $5,736,715 | |
| CBZ | CBIZ, Inc. | 97,223 | $4,904,900 | |
| ODFL | Old Dominion Freight Line, Inc. | 19,484 | $3,055,091 | |
| BUR | Burford Capital Ltd | 249,181 | $2,222,694 | |
| LLY | ELI LILLY & Co | 235 | $252,549 | |
| No positions match the current search. | ||||
124 positions ·
$13,892,785,819 total
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Technology
Utilities
Showing 1–50
of 124 positions by value
· page 1 of 3
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| MSFT |
Microsoft Corp
Technology
|
Reduced | 2,315,228 | $857,027,948 | 6.17% | |
| AMZN |
Amazon Com Inc
Consumer Cyclical
|
Reduced | 3,650,041 | $760,194,039 | 5.47% | |
| SHEL |
Shell plc
Energy
|
Reduced | 7,120,336 | $662,191,248 | 4.77% | |
| MRSH |
Marsh & Mclennan Companies, Inc.
Financial Services
|
Reduced | 3,475,590 | $602,841,085 | 4.34% | |
| V |
Visa Inc.
Financial Services
|
Reduced | 1,936,751 | $585,363,622 | 4.21% | |
| APH |
Amphenol Corp /De/
Technology
|
Reduced | 3,986,761 | $503,727,252 | 3.63% | |
| NOC |
Northrop Grumman Corp /De/
Industrials
|
Reduced | 683,362 | $466,216,890 | 3.36% | |
| WAT |
Waters Corp /De/
Healthcare
|
Added | 1,403,627 | $418,000,120 | 3.01% | |
| AON |
Aon plc
Financial Services
|
Reduced | 1,277,088 | $412,218,464 | 2.97% | |
| WFC |
Wells Fargo & Company/Mn
Financial Services
|
Reduced | 4,670,184 | $371,793,348 | 2.68% | |
| AER |
AerCap Holdings N.V.
Industrials
|
Reduced | 2,679,861 | $367,623,331 | 2.65% | |
| META |
Meta Platforms, Inc.
Communication Services
|
Reduced | 612,803 | $350,602,980 | 2.52% | |
| SO |
Southern Co
Utilities
|
Added | 3,421,757 | $330,267,985 | 2.38% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 1,113,579 | $327,570,398 | 2.36% | |
| ICE |
Intercontinental Exchange, Inc.
Financial Services
|
Reduced | 2,080,561 | $327,230,634 | 2.36% | |
| COR |
Cencora, Inc.
Healthcare
|
Added | 1,031,163 | $323,929,544 | 2.33% | |
| CME |
Cme Group Inc.
Financial Services
|
Reduced | 1,031,299 | $304,594,159 | 2.19% | |
| FCN |
Fti Consulting, Inc
Industrials
|
Reduced | 1,311,025 | $231,749,889 | 1.67% | |
| MA |
Mastercard Inc
Financial Services
|
Reduced | 452,214 | $225,953,247 | 1.63% | |
| MEDP |
Medpace Holdings, Inc.
Healthcare
|
Added | 446,104 | $214,214,679 | 1.54% | |
| SII |
Sprott Inc.
Financial Services
|
Reduced | 1,351,182 | $193,083,907 | 1.39% | |
| OSIS |
Osi Systems Inc
Technology
|
Reduced | 662,634 | $175,935,953 | 1.27% | |
| AEP |
American Electric Power Co Inc
Utilities
|
Added | 1,334,492 | $174,925,211 | 1.26% | |
| TSEM |
Tower Semiconductor Ltd
Technology
|
NEW | 965,035 | $169,344,341 | 1.22% | |
| NVDA |
Nvidia Corp
Technology
|
Added | 951,512 | $165,943,692 | 1.19% | |
| UBER |
Uber Technologies, Inc
Technology
|
Reduced | 2,213,776 | $159,236,907 | 1.15% | |
| FERG |
Ferguson Enterprises Inc. /DE/
Industrials
|
Reduced | 672,031 | $156,757,951 | 1.13% | |
| SPGI |
S&P Global Inc.
Financial Services
|
Added | 383,111 | $154,165,015 | 1.11% | |
| MLM |
Martin Marietta Materials Inc
Basic Materials
|
Reduced | 255,678 | $150,512,525 | 1.08% | |
| BWXT |
BWX Technologies, Inc.
Industrials
|
Reduced | 734,162 | $150,128,787 | 1.08% | |
| CPAY |
Corpay, Inc.
Technology
|
Reduced | 513,464 | $149,412,889 | 1.08% | |
| VZ |
Verizon Communications Inc
Communication Services
|
Reduced | 2,730,796 | $137,085,959 | 0.99% | |
| ABT |
Abbott Laboratories
Healthcare
|
Added | 1,253,719 | $128,719,329 | 0.93% | |
| CDW |
CDW Corp
Technology
|
Reduced | 1,051,495 | $127,251,924 | 0.92% | |
| AJG |
Arthur J. Gallagher & Co.
Financial Services
|
Reduced | 581,276 | $125,892,756 | 0.91% | |
| PG |
PROCTER & GAMBLE Co
Consumer Defensive
|
Reduced | 851,233 | $122,952,094 | 0.89% | |
| CACI |
Caci International Inc /De/
Technology
|
Reduced | 224,207 | $121,939,461 | 0.88% | |
| NU |
Nu Holdings Ltd.
Financial Services
|
Added | 7,703,576 | $110,700,387 | 0.80% | |
| ABNB |
Airbnb, Inc.
Consumer Cyclical
|
Added | 855,687 | $108,056,154 | 0.78% | |
| ZTS |
Zoetis Inc.
Healthcare
|
Added | 753,283 | $89,045,583 | 0.64% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Reduced | 362,110 | $88,514,168 | 0.64% | |
| ITT |
Itt Inc.
Industrials
|
Added | 454,223 | $86,543,108 | 0.62% | |
| TXN |
Texas Instruments Inc
Technology
|
Reduced | 437,639 | $84,963,235 | 0.61% | |
| ATR |
Aptargroup, Inc.
Healthcare
|
Reduced | 657,273 | $82,829,543 | 0.60% | |
| ESQ |
Esquire Financial Holdings, Inc.
Financial Services
|
Reduced | 725,214 | $77,960,505 | 0.56% | |
| MCK |
Mckesson Corp
Healthcare
|
NEW | 85,680 | $74,144,044 | 0.53% | |
| TW |
Tradeweb Markets Inc.
Financial Services
|
Added | 626,551 | $73,719,990 | 0.53% | |
| AAON |
Aaon, Inc.
Industrials
|
Added | 848,583 | $70,220,243 | 0.51% | |
| ABBV |
AbbVie Inc.
Healthcare
|
Added | 309,880 | $67,395,801 | 0.49% | |
| TME |
Tencent Music Entertainment Group
Communication Services
|
Reduced | 7,214,749 | $66,952,870 | 0.48% |