CCLA Investment Management

CIK

1631562

Location

LONDON, X0

Portfolio Value

Mid $5,708,087,497

Diversification

Diversified

Filing Date

Global Rank

#622 / 8,662 ▼ 3 · as of Dec 2025

Top Industry

Financial Data & Stock Exchanges 10.1%

3Y Alpha vs SPY

-16.9%

Period ended 6 months ago

Filed Jan 22, 2026 · 6mo

22 quarters · since Jun 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

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

Cloned portfolio

+11.9%

SPY

+76.5%

Annualised alpha

-17.0%

Max drawdown

−17.2%

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

54 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025

Top Position

6.0%

−0.5 pts

Top 5

20.9%

+0.1 pts

Top 10

34.6%

+0.4 pts

HHI

259

Diversified−11

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2025

Sector	% Portfolio	Value	Positions
Financial Services	28.8%	$1,643,983,353	14
Technology	28.1%	$1,605,985,627	14
Healthcare	14.3%	$817,757,514	8
Consumer Cyclical	13.9%	$794,779,327	8
Industrials	6.1%	$350,126,066	4
Utilities	3.9%	$222,953,046	2
Consumer Defensive	2.8%	$161,985,895	2
Real Estate	1.3%	$72,743,391	1
Communication Services	0.7%	$37,773,278	1

Last Quarter's Activity

Export CSV

Dec 31, 2025 vs Sep 30, 2025

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
NOW	ServiceNow, Inc.	+441,604	546,685	$83,746,675
BIPH	Brookfield Infrastructure Partners L.P.	+254,170	4,710,064	$163,627,623
APH	Amphenol Corp /De/	+115,659	359,535	$48,587,559
TW	Tradeweb Markets Inc.	+33,501	1,182,118	$127,124,969
A	Agilent Technologies, Inc.	+19,518	1,047,488	$142,531,692
INTU	Intuit Inc.	+18,138	222,696	$147,518,284
SYK	Stryker Corp	+17,778	401,936	$141,268,445
FSK	FS KKR Capital Corp	+17,294	1,720,929	$25,486,958
AME	Ametek Inc/	+12,907	271,560	$55,753,983
AMZN	Amazon Com Inc	+9,490	1,234,639	$284,979,373
MDT	Medtronic plc	+5,490	135,630	$13,028,617
AVGO	Broadcom Inc.	+4,634	635,312	$219,881,483
CSCO	Cisco Systems, Inc.	+4,136	64,742	$4,987,076
JNJ	Johnson & Johnson	+1,620	28,940	$5,989,133
PG	PROCTER & GAMBLE Co	+1,291	20,218	$2,897,441
ADP	Automatic Data Processing Inc	+722	13,858	$3,564,693
HD	Home Depot, Inc.	+380	5,952	$2,048,083
BKNG	Booking Holdings Inc.	+168	22,334	$4,784,237
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ARCC	Ares Capital Corp	−1,021,278	1,703,144	$34,454,603
BXSL	Blackstone Secured Lending Fund	−973,676	1,287,641	$33,903,587
FTNT	Fortinet, Inc.	−232,660	1,253,998	$99,579,981
BEP	Brookfield Renewable Partners L.P.	−164,160	2,199,682	$59,325,423
TRU	TransUnion	−140,115	1,548,239	$132,761,494
ORLY	O Reilly Automotive Inc	−128,951	1,160,562	$105,854,860
IR	Ingersoll Rand Inc.	−128,084	1,246,800	$98,771,496
DHR	Danaher Corp /De/	−103,405	622,571	$142,518,953
ABT	Abbott Laboratories	−94,471	845,716	$105,959,757
TJX	Tjx Companies Inc /De/	−84,048	729,957	$112,128,694
ICE	Intercontinental Exchange, Inc.	−75,487	834,672	$135,183,477
HDB	Hdfc Bank Ltd	−66,265	4,286,185	$156,617,199
SNPS	Synopsys Inc	−43,944	278,486	$130,810,443
CME	Cme Group Inc.	−40,035	526,168	$143,685,957
KO	Coca Cola Co	−33,582	2,275,618	$159,088,454
TMO	Thermo Fisher Scientific Inc.	−33,437	267,601	$155,061,399
TT	Trane Technologies plc	−24,918	256,954	$100,006,496
ZTS	Zoetis Inc.	−13,213	885,388	$111,399,518
PTC	Ptc Inc.	−12,779	674,102	$117,435,309
MRSH	Marsh & Mclennan Companies, Inc.	−8,811	647,823	$120,184,122
MSFT	Microsoft Corp	−8,642	705,021	$340,962,256
NXPI	NXP Semiconductors N.V.	−8,258	600,380	$130,318,482
TXN	Texas Instruments Inc	−7,387	636,345	$110,399,494
V	Visa Inc.	−7,362	522,261	$183,162,155
MCD	Mcdonalds Corp	−5,698	304,737	$93,136,769
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
BAC	Bank Of America Corp /De/	2,254,107	$123,975,885
IHG	Intercontinental Hotels Group PLC /New/	811,662	$114,306,359
NFLX	Netflix Inc	402,872	$37,773,278
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
ARE	Alexandria Real Estate Equities, Inc.	829,124	$69,099,194
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

54 positions · $5,708,087,497 total · as of Dec 31, 2025

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 54 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MSFT	Microsoft Corp Technology	Reduced	705,021	-8,642	$340,962,256	−7.8%	5.97%
AMZN	Amazon Com Inc Consumer Cyclical	Added	1,234,639	+9,490	$284,979,373	+5.9%	4.99%
AVGO	Broadcom Inc. Technology	Added	635,312	+4,634	$219,881,483	+5.7%	3.85%
V	Visa Inc. Financial Services	Reduced	522,261	-7,362	$183,162,155	+1.3%	3.21%
SPGI	S&P Global Inc. Financial Services	Reduced	334,290	-4,697	$165,275,884	+5.9%	2.90%
BIPH	Brookfield Infrastructure Partners L.P. Utilities	Added	4,710,064	+254,170	$163,627,623	+11.6%	2.87%
KO	Coca Cola Co Consumer Defensive	Reduced	2,275,618	-33,582	$159,088,454	+3.9%	2.79%
HDB	Hdfc Bank Ltd Financial Services	Reduced	4,286,185	-66,265	$156,617,199	+5.3%	2.74%
TMO	Thermo Fisher Scientific Inc. Healthcare	Reduced	267,601	-33,437	$155,061,399	+6.2%	2.72%
INTU	Intuit Inc. Technology	Added	222,696	+18,138	$147,518,284	+5.6%	2.58%
CME	Cme Group Inc. Financial Services	Reduced	526,168	-40,035	$143,685,957	−6.1%	2.52%
A	Agilent Technologies, Inc. Healthcare	Added	1,047,488	+19,518	$142,531,692	+8.0%	2.50%
DHR	Danaher Corp /De/ Healthcare	Reduced	622,571	-103,405	$142,518,953	−1.0%	2.50%
SYK	Stryker Corp Healthcare	Added	401,936	+17,778	$141,268,445	−0.5%	2.47%
MA	Mastercard Inc Financial Services	Reduced	246,042	-3,894	$140,460,456	−1.2%	2.46%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	834,672	-75,487	$135,183,477	−11.8%	2.37%
TRU	TransUnion Financial Services	Reduced	1,548,239	-140,115	$132,761,494	−6.1%	2.33%
SNPS	Synopsys Inc Technology	Reduced	278,486	-43,944	$130,810,443	−17.8%	2.29%
NXPI	NXP Semiconductors N.V. Technology	Reduced	600,380	-8,258	$130,318,482	−6.0%	2.28%
TW	Tradeweb Markets Inc. Financial Services	Added	1,182,118	+33,501	$127,124,969	−0.3%	2.23%
ROP	Roper Technologies Inc Technology	Reduced	281,360	-4,270	$125,241,776	−12.1%	2.19%
BAC	Bank Of America Corp /De/ Financial Services	NEW	2,254,107	NEW	$123,975,885	NEW	2.17%
AJG	Arthur J. Gallagher & Co. Financial Services	Reduced	470,291	-4,891	$121,706,607	−17.3%	2.13%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Reduced	647,823	-8,811	$120,184,122	−9.2%	2.11%
PTC	Ptc Inc. Technology	Reduced	674,102	-12,779	$117,435,309	−15.8%	2.06%
IHG	Intercontinental Hotels Group PLC /New/ Consumer Cyclical	NEW	811,662	NEW	$114,306,359	NEW	2.00%
TJX	Tjx Companies Inc /De/ Consumer Cyclical	Reduced	729,957	-84,048	$112,128,694	−4.7%	1.96%
ZTS	Zoetis Inc. Healthcare	Reduced	885,388	-13,213	$111,399,518	−15.3%	1.95%
TXN	Texas Instruments Inc Technology	Reduced	636,345	-7,387	$110,399,494	−6.7%	1.93%
ABT	Abbott Laboratories Healthcare	Reduced	845,716	-94,471	$105,959,757	−15.9%	1.86%
ORLY	O Reilly Automotive Inc Consumer Cyclical	Reduced	1,160,562	-128,951	$105,854,860	−23.9%	1.85%
TT	Trane Technologies plc Industrials	Reduced	256,954	-24,918	$100,006,496	−15.9%	1.75%
FTNT	Fortinet, Inc. Technology	Reduced	1,253,998	-232,660	$99,579,981	−20.3%	1.74%
IR	Ingersoll Rand Inc. Industrials	Reduced	1,246,800	-128,084	$98,771,496	−13.0%	1.73%
DE	Deere & Co Industrials	Reduced	205,327	-2,879	$95,594,091	+0.4%	1.67%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	304,737	-5,698	$93,136,769	−1.3%	1.63%
NOW	ServiceNow, Inc. Technology	Added	546,685	+441,604	$83,746,675	+333.0%	1.47%
MELI	Mercadolibre Inc Consumer Cyclical	Reduced	38,496	-450	$77,540,952	−14.8%	1.36%
AMT	American Tower Corp /Ma/ Real Estate	Reduced	414,327	-5,139	$72,743,391	−9.8%	1.27%
BEP	Brookfield Renewable Partners L.P. Utilities	Reduced	2,199,682	-164,160	$59,325,423	−2.7%	1.04%
AME	Ametek Inc/ Industrials	Added	271,560	+12,907	$55,753,983	+14.7%	0.98%
APH	Amphenol Corp /De/ Technology	Added	359,535	+115,659	$48,587,559	+61.0%	0.85%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	141,341	-1,089	$42,952,116	+8.0%	0.75%
NFLX	Netflix Inc Communication Services	NEW	402,872	NEW	$37,773,278	NEW	0.66%
ARCC	Ares Capital Corp Financial Services	Reduced	1,703,144	-1,021,278	$34,454,603	−38.0%	0.60%
BXSL	Blackstone Secured Lending Fund Financial Services	Reduced	1,287,641	-973,676	$33,903,587	−42.5%	0.59%
FSK	FS KKR Capital Corp Financial Services	Added	1,720,929	+17,294	$25,486,958	+0.2%	0.45%
MDT	Medtronic plc Healthcare	Added	135,630	+5,490	$13,028,617	+5.1%	0.23%
JNJ	Johnson & Johnson Healthcare	Added	28,940	+1,620	$5,989,133	+18.2%	0.10%
CSCO	Cisco Systems, Inc. Technology	Added	64,742	+4,136	$4,987,076	+20.3%	0.09%