Institutional 13F · Context Only · Never a Buy List机构 13F · 仅供参考 · 非买入清单
Egerton Capital
quality_growth
A
Reliability improving可靠性走强
leaderboard rank榜单排名 #10WATCH观察
Book持仓规模
$9.8B
long US listed only仅美股多头
Positions持仓数
23
100% resolved已解析
Top-10 concentration前十集中度
76%
% of book占组合%
Turnover换手
LOW
23.4% per quarter每季
Median excess中位超额
-7%
buys vs SPY, since filing买入相对SPY，自披露起 · n 148
Hit rate胜率
40%
share of buys beating SPY跑赢SPY的买入占比
Core lean — the 10-second read核心倾向 — 10秒速读
Core lean: Magnificent Seven — added AMZN, META (+13.4pp of book this quarter)核心倾向：七巨头 — 本季度加仓 AMZN、META（占组合 +13.4pp）
Magnificent Seven七巨头
+13.4pp
22.1% of book held占组合持有
· 3 names标的
· AI & Technology
AMZN
META
Consumer Discretionary (Equal-Weight)非必需消费（等权）
+12.0pp
12.0% of book held占组合持有
· 1 names标的
· US Sectors (EW)
AMZN
AI InfrastructureAI 基础设施
+9.2pp
17.9% of book held占组合持有
· 2 names标的
· AI & Technology
APH
Non-AI Tech & Hardware非AI科技与硬件
+9.2pp
9.2% of book held占组合持有
· 1 names标的
· Semiconductors & Hardware
APH
Technology (Equal-Weight)信息技术（等权）
+9.2pp
17.9% of book held占组合持有
· 2 names标的
· US Sectors (EW)
APH
Financials (Equal-Weight)金融（等权）
+5.4pp
32.6% of book held占组合持有
· 6 names标的
· US Sectors (EW)
SPGI
ICE
Descriptive read of the latest filing — themes clustered from curated baskets (Finviz fallback), added-pp = Σ % of book bought this quarter. Not a forecast.基于最新披露的描述性解读——主题按精选篮子聚类（Finviz 兜底），added-pp = 本季度买入占组合百分比之和。非预测。
Grade & excess history评级与超额历史
per-quarter buy cohorts, scored on public filing dates vs SPY — descriptive ranks in a curated survivor cohort按季度买入队列，以公开披露日为锚相对SPY评分——精选幸存者队列中的描述性排名Reliability可靠性: improving走强 · 14 scored quarters已评分季度 · 14% positive为正 · recent-4 median近4季中位 -3% vs all-time对全期 -9%
Median excess by quarter各季度中位超额: ▄▁▅▅▃▅▄▆▄▆▆▆ (oldest → newest, shifted by the series minimum so negatives render由旧到新，按序列最小值平移以呈现负值)
| Quarter季度 | Buys买入数 | Median excess中位超额 | Hit胜率 | Median fwd 63d中位前瞻63日 |
|---|---|---|---|---|
| 2023-06-30 | 11 | -16% | 36% | -0% |
| 2023-09-30 | 7 | +10% | 71% | -4% |
| 2023-12-31 | 9 | -17% | 44% | +4% |
| 2024-03-31 | 7 | -42% | 43% | -6% |
| 2024-06-30 | 9 | -5% | 44% | +5% |
| 2024-09-30 | 11 | -9% | 27% | -4% |
| 2024-12-31 | 10 | -27% | 30% | +7% |
| 2025-03-31 | 13 | -8% | 38% | -6% |
| 2025-06-30 | 10 | -14% | 30% | -7% |
| 2025-09-30 | 9 | -1% | 44% | +2% |
| 2025-12-31 | 13 | -12% | 31% | -2% |
| 2026-03-31 | 13 | -3% | 38% | -4% |
| 2026-06-30 | 16 | -2% | 44% | -4% |
| 2026-09-30 | 10 | +2% | 60% | — |
Sector exposure & rotation行业配置与轮动
value-weighted, latest filing; QoQ deltas vs prior quarter按市值加权，最新披露；季度环比变化对上季Current weights当前权重 · 2026-09-30
Financial
32.6%
▲ +3.7pp
Technology
17.9%
▼ -2.2pp
Consumer Cyclical
12.0%
▲ +3.7pp
Communication Services
9.7%
▼ -1.5pp
Healthcare
8.5%
▲ +0.2pp
Basic Materials
7.5%
▼ -4.1pp
Energy
5.1%
▲ +2.1pp
Industrials
4.0%
▼ -2.0pp
Utilities
1.3%
▲ +0.6pp
Real Estate
1.3%
▼ -0.4pp
Theme categories主题类别
US Sectors (EW) 32.9%
AI & Technology 31.3%
Financials 16.9%
Energy & Power 6.4%
Industrials 2.4%
Rotating into (QoQ)轮入（环比）
Consumer Cyclical +3.7pp
Financial +3.7pp
Energy +2.1pp
Rotating out of (QoQ)轮出（环比）
Basic Materials -4.1pp
Technology -2.2pp
Industrials -2.0pp
Quarter history — top-3 sectors季度历史 — 前三大行业
| 2026-09-30 | Financial 33% · Technology 18% · Consumer Cyclical 12% |
| 2026-06-30 | Financial 29% · Technology 20% · Basic Materials 12% |
| 2026-03-31 | Financial 33% · Basic Materials 14% · Technology 13% |
| 2025-12-31 | Financial 36% · Consumer Cyclical 17% · Technology 17% |
| 2025-09-30 | Financial 33% · Technology 15% · Industrials 13% |
| 2025-06-30 | Financial 38% · Industrials 18% · Technology 13% |
| 2025-03-31 | Financial 40% · Unclassified 13% · Industrials 11% |
| 2024-12-31 | Financial 37% · Unclassified 13% · Industrials 11% |
| 2024-09-30 | Financial 33% · Industrials 12% · Communication Services 11% |
| 2024-06-30 | Financial 29% · Industrials 17% · Consumer Cyclical 14% |
| 2024-03-31 | Financial 28% · Industrials 23% · Consumer Cyclical 14% |
| 2023-12-31 | Financial 26% · Industrials 23% · Consumer Cyclical 14% |
Full book完整持仓
every resolved position as filed — click a column header to sort. Conviction is a descriptive composite, not a forecast.截至披露日的全部已解析持仓——点击列头排序。信念分为描述性综合指标，非预测。23 positions shown项持仓 · resolved已解析 23/23 (100%) · unresolved CUSIPs are excluded from this table but counted in book totals未解析CUSIP不列入本表，但计入组合总额
| #↕ | Ticker标的 ↕ | Company公司 ↕ | % book仓位% ↕ | Value金额 ↕ | Action动作 ↕ | Δ sharesΔ股数 ↕ | Add streak连加季数 ↕ | Conviction信念分 ↕ | Sector行业 ↕ | Themes主题 | Since filing自披露 ↕ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 |  V |
Visa Inc | 14.9% | $1.5B | hold | -4% | — | 70 · HIGH | Financial | Payments & Fintech, Financials (Equal-Weight) | +1% |
| 2 | AMZN |
Amazon Com Inc | 12.0% | $1.2B | add | +32% | 2q | 78 · HIGH | Consumer Cyclical | Magnificent Seven, Consumer Discretionary (Equal-Weight) | -7% |
| 3 | APH |
Amphenol Corp | 9.2% | $903M | add | +120% | 2q | 77 · HIGH | Technology | AI Infrastructure, Non-AI Tech & Hardware, Technology (Equal-Weight) | +3% |
| 4 |  NVDA |
Nvidia Corporation | 8.7% | $855M | hold | +10% | — | 65 · MODERATE | Technology | Magnificent Seven, AI Infrastructure, AI Semiconductors | -1% |
| 5 |  MCO |
Moodys Corp | 7.6% | $744M | hold | -4% | — | 64 · MODERATE | Financial | Financials (Equal-Weight) | +3% |
| 6 |  GOOG |
Alphabet Inc | 7.3% | $715M | trim | -36% | — | 62 · MODERATE | Communication Services | Communication Services (Equal-Weight) | -16% |
| 7 |  DVN |
Devon Energy Corp New | 5.1% | $499M | add | +43% | 3q | 76 · HIGH | Energy | US Energy Complex, Energy (Equal-Weight) | +2% |
| 8 |  MDLN |
Medline Inc | 4.7% | $461M | trim | -19% | — | 59 · MODERATE | Healthcare | — | -3% |
| 9 | SPGI |
S&p Global Inc | 3.2% | $312M | add | +125% | 2q | 58 · MODERATE | Financial | Financials (Equal-Weight) | +5% |
| 10 |  CRH |
Crh Plc | 3.1% | $301M | trim | -17% | — | 46 · MODERATE | Basic Materials | Materials (Equal-Weight) | +1% |
| 11 |  IBKR |
Interactive Brokers Group In | 2.8% | $270M | trim | -24% | — | 30 · LOW | Financial | Financials (Equal-Weight) | -2% |
| 12 |  VMC |
Vulcan Matls Co | 2.5% | $247M | trim | -49% | — | 28 · LOW | Basic Materials | Materials (Equal-Weight) | +1% |
| 13 |  EMBJ |
Embraer S.a. | 2.5% | $244M | hold | -4% | — | 27 · LOW | Healthcare | — | -1% |
| 14 |  FERG |
Ferguson Enterprises Inc | 2.4% | $236M | hold | +5% | — | 25 · LOW | Industrials | Industrial Distribution & Capital Goods, Industrials (Equal-Weight) | +1% |
| 15 | ICE |
Intercontinental Exchange In | 2.3% | $223M | new | — | 1q | 39 · LOW | Financial | Financials (Equal-Weight) | +3% |
| 16 |  MA |
Mastercard Incorporated | 1.9% | $192M | hold | -4% | — | 22 · LOW | Financial | Payments & Fintech, Financials (Equal-Weight) | +2% |
| 17 |  LIN |
Linde Plc | 1.9% | $191M | add | +34% | 1q | 26 · LOW | Basic Materials | Materials (Equal-Weight) | +3% |
| 18 |  AWI |
Armstrong World Inds Inc New | 1.6% | $161M | hold | +7% | — | 19 · LOW | Industrials | — | +0% |
| 19 | META |
Meta Platforms Inc | 1.4% | $140M | new | — | 1q | 23 · LOW | Communication Services | Magnificent Seven, AI Software & Platforms, Communication Services (Equal-Weight) | -10% |
| 20 |  TMO |
Thermo Fisher Scientific Inc | 1.4% | $134M | new | — | 1q | 21 · LOW | Healthcare | Health Care (Equal-Weight) | +3% |
| 21 |  VST |
Vistra Corp | 1.3% | $132M | add | +96% | 2q | 25 · LOW | Utilities | Power & Grid Buildout, Nuclear & SMR Power, Utilities (Equal-Weight) | -6% |
| 22 |  LAMR |
Lamar Advertising Co | 1.3% | $125M | trim | -20% | — | 13 · LOW | Real Estate | — | — |
| 23 |  DIS |
Disney Walt Co | 1.0% | $98M | new | — | 1q | 6 · LOW | Communication Services | Communication Services (Equal-Weight) | -1% |
Rotation detail轮动明细
this filing cycle, uncapped — adds/new and trims from the resolved book, exits from the rotation feed本披露周期，不设上限——新建/加仓与减持取自已解析持仓，清仓取自轮动数据Rotated into轮入 (10)
| AMZN add |
12.0% | -7% |
| APH add |
9.2% | +3% |
| DVN add |
5.1% | +2% |
| SPGI add |
3.2% | +5% |
| ICE new |
2.3% | +3% |
| LIN add |
1.9% | +3% |
| META new |
1.4% | -10% |
| TMO new |
1.4% | +3% |
| VST add |
1.3% | -6% |
| DIS new |
1.0% | -1% |
Rotated out of轮出 (10)
| GOOG trim |
-36% | -16% |
| MDLN trim |
-19% | -3% |
| CRH trim |
-17% | +1% |
| IBKR trim |
-24% | -2% |
| VMC trim |
-49% | +1% |
| LAMR trim |
-20% | — |
 AMAT exit |
-100% | +4% |
 EFX exit |
-100% | +2% |
 RIOT exit |
-100% | -0% |
 UBER exit |
-100% | -5% |
Trade log交易记录
last 40 graded trades, filing-date anchored, newest first — variable hold vs SPY最近40笔已评分交易，以披露日为锚，最新在前——持有期不定，相对SPYNo graded trades available for this fund.该基金暂无已评分交易。
Caveats注意事项 —
13F = quarterly, ~45-day lag, reported long positions from managers with at least $100M in Section 13(f) securities. No shorts, no cash, no non-US positions. This desk is context — ownership is never a directional signal here.13F = 季度披露，约45天滞后，仅含美股多头且持仓≥1亿美元。不含空头、现金或非美股仓位。本台仅为背景参考——持仓数据在此永远不是方向性信号。
Grades and reliability are descriptive ranks within a curated survivor cohort — they measure what filings did after their filing dates, not a manager-selection edge. Conviction and core-lean reads are descriptive composites earning a forward record via the pre-registered ledger (L5); sector/theme classification applies the current map to history.评级与可靠性为精选幸存者队列中的描述性排名——衡量披露日之后持仓的表现，而非经理选择能力。信念分与核心倾向为描述性综合指标，通过预注册账本（L5）积累前瞻记录；行业/主题分类将当前映射应用于历史。