Mawer Investment Management Ltd.
Long book
$15.45B
Q1 2026
Positions
126
Top-10 weight
40%
concentration
Last quarter
+7.0%
SPY +14.8%
Turnover
22%
of book per quarter
Strategy in plain words
auto-generated from filingsMawer Investment Management Ltd. is a diversified fundamental manager, running a $15.45B US long book across 126 positions.
The portfolio is moderately concentrated (top 10 ≈ 40% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: ALPHABET INC-CL C, MICROSOFT CORP, AMAZON.COM INC, SHELL PLC-ADR, MARSH & MCLENNAN COS.
Over the last 9 quarters its long book ran on average 3.5pp per quarter behind the S&P 500, beating the index in 1 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.5%
Q2 2024
+4.8%
Q3 2024
-2.0%
Q4 2024
-0.8%
Q1 2025
+2.2%
Q2 2025
+3.3%
Q3 2025
+1.0%
Q4 2025
-5.6%
Q1 2026
+7.0%
Sector allocation
Technology 29%
Financials 24%
Services media 15%
Consumer discretionary 10%
Healthcare 8%
Industrials 5%
Utilities 4%
Other 2%
Long book by quarter
What does Mawer Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOG ALPHABET INC-CL C | Technology | 3.3M | $937.0M | 6.1% | -11.0% |
| MSFT MICROSOFT CORP | Technology | 2.3M | $857.0M | 5.5% | -11.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 3.7M | $760.2M | 4.9% | -10.3% |
| MRSH MARSH & MCLENNAN COS | Financials | 3.5M | $602.8M | 3.9% | -11.0% |
| V VISA INC-CLASS A SHARES | Services media | 1.9M | $585.4M | 3.8% | -4.8% |
| APH AMPHENOL CORP-CL A | Technology | 4.0M | $503.7M | 3.3% | -21.6% |
| NOC NORTHROP GRUMMAN CORP | Technology | 683.4K | $466.2M | 3.0% | -19.2% |
| WAT WATERS CORP | Healthcare | 1.4M | $418.0M | 2.7% | +8.1% |
| AON AON PLC-CLASS A | Financials | 1.3M | $412.2M | 2.7% | -13.6% |
| WFC WELLS FARGO & CO | Financials | 4.7M | $371.8M | 2.4% | -4.2% |
| AER AERCAP HOLDINGS NV | Services media | 2.7M | $367.6M | 2.4% | -18.1% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 509 | $365.5M | 2.4% | -13.3% |
| META META PLATFORMS INC-CLASS A | Technology | 612.8K | $350.6M | 2.3% | -11.0% |
| SO SOUTHERN CO/THE | Utilities | 3.4M | $330.3M | 2.1% | +93.6% |
| JPM JPMORGAN CHASE & CO | Financials | 1.1M | $327.6M | 2.1% | +9.7% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 2.1M | $327.2M | 2.1% | -14.4% |
| COR CENCORA INC | Consumer discretionary | 1.0M | $323.9M | 2.1% | +66.8% |
| CME CME GROUP INC | Financials | 1.0M | $304.6M | 2.0% | -9.6% |
| BKNG BOOKING HOLDINGS INC | Industrials | 56.7K | $238.7M | 1.5% | -49.5% |
| FCN FTI CONSULTING INC | Services media | 1.3M | $231.7M | 1.5% | -43.1% |
| MA MASTERCARD INC - A | Services media | 452.2K | $226.0M | 1.5% | -2.4% |
| MEDP MEDPACE HOLDINGS INC | Healthcare | 446.1K | $214.2M | 1.4% | +9.5% |
| SII SPROTT INC | Financials | 1.4M | $193.1M | 1.3% | -10.8% |
| OSIS OSI SYSTEMS INC | Technology | 662.6K | $175.9M | 1.1% | -17.5% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 1.3M | $174.9M | 1.1% | +36.6% |
| TSEM TOWER SEMICONDUCTOR LTD | Technology | 965.0K | $169.3M | 1.1% | New |
| NVDA NVIDIA CORP | Technology | 951.5K | $165.9M | 1.1% | +166.6% |
| SPGI S&P GLOBAL INC | Services media | 383.1K | $163.0M | 1.1% | +85.9% |
| UBER UBER TECHNOLOGIES INC | Services media | 2.2M | $159.2M | 1.0% | -11.6% |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 672.0K | $156.8M | 1.0% | -20.7% |
| MLM MARTIN MARIETTA MATERIALS | Materials | 255.7K | $150.5M | 1.0% | -3.5% |
| BWXT BWX TECHNOLOGIES INC | Industrials | 734.2K | $150.1M | 1.0% | -5.0% |
| CPAY CORPAY INC | Services media | 513.5K | $149.4M | 1.0% | -18.5% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 2.7M | $137.1M | 0.9% | -8.5% |
| ABT ABBOTT LABORATORIES | Healthcare | 1.3M | $128.7M | 0.8% | +0.7% |
| CDW CDW CORP/DE | Consumer discretionary | 1.1M | $127.3M | 0.8% | -41.2% |
| AJG ARTHUR J GALLAGHER & CO | Financials | 581.3K | $125.9M | 0.8% | -5.2% |
| PG PROCTER & GAMBLE CO/THE | Other | 851.2K | $123.0M | 0.8% | -5.1% |
| CACI CACI INTERNATIONAL INC -CL A | Technology | 224.2K | $121.9M | 0.8% | -9.0% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 7.7M | $110.7M | 0.7% | +68.0% |
| ABNB AIRBNB INC-CLASS A | Services media | 855.7K | $108.1M | 0.7% | +28.1% |
| ZTS ZOETIS INC | Healthcare | 753.3K | $89.0M | 0.6% | +112.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 362.1K | $88.5M | 0.6% | -12.9% |
| ITT ITT INC | Industrials | 454.2K | $86.5M | 0.6% | +7.4% |
| TXN TEXAS INSTRUMENTS INC | Technology | 437.6K | $85.0M | 0.6% | -4.2% |
| ATR APTARGROUP INC | Other | 657.3K | $82.8M | 0.5% | -68.1% |
| ESQ ESQUIRE FINANCIAL HOLDINGS I | Financials | 725.2K | $78.0M | 0.5% | -9.4% |
| MCK MCKESSON CORP | Consumer discretionary | 85.7K | $74.1M | 0.5% | New |
| TW TRADEWEB MARKETS INC-CLASS A | Financials | 626.6K | $73.7M | 0.5% | +18.0% |
| AAON AAON INC | Industrials | 848.6K | $70.2M | 0.5% | +10.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 126 | $15.45B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 125 | $17.85B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | 141 | $19.26B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 138 | $19.72B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 132 | $20.71B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 127 | $22.03B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 128 | $21.95B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 7, 2024 | 130 | $21.12B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 6, 2024 | 130 | $21.56B | canonical | SEC ↗ |
Similar funds
DIAMANT ASSET MANAGEMENT, INC. LILLY ENDOWMENT INCBROOKFIELD Corp /ON/GQG Partners LLCMITSUBISHI UFJ FINANCIAL GROUP INCNewport Trust Company, LLCVIKING GLOBAL INVESTORS LPPARNASSUS INVESTMENTS, LLC MASTERCARD FOUNDATION ASSET MANAGEMENT CORPPZENA INVESTMENT MANAGEMENT LLCCOATUE MANAGEMENT LLCWinslow Capital Management, LLC