In plain English: this page lists every stock Mawer's fund told the SEC it owned at the end of the quarter, biggest first, and what changed since the quarter before — "New" means they bought it for the first time, "Sold" means they sold all of it. The list is at least 6 weeks old, and it is only part of their investments (no cash, bonds or bets against stocks).
Educational and informational only, not personalized investment advice. Based on public filings that may be delayed or contain errors; verify with the original filings. Disclaimer
Reported value ⓘTotal of long stock positions in this 13F. Options are listed separately and not included.
$14.71B
Q2 2026
Quarter change
-4.8%
vs Q1 2026 ($15.45B)
Holdings
142
Top-10 weight 39.5%
Activity
28 new · 12 sold out
39 added to · 74 trimmed
Investing style at a glance · Q2 2026
- Moderately diversified: 142 stocks, with 39.5% of the portfolio in the 10 largest.
- Biggest sector: Financials (26.4% of the portfolio).
- Turnover this quarter: moderate — 28 new positions and 12 sold out (39 added to, 74 trimmed).
- Largest position: GOOG at 6.4% of the portfolio.
Worked out from this 13F only (long stock positions). ⓘConcentration: The share of a portfolio in its 10 largest positions. High = a few big bets; low = spread out. Guide ⓘTurnover: How many positions were opened or closed this quarter compared with the number held. Guide
Portfolio value over time
Reported 13F value per quarter
Sector allocation
Q2 2026
- Financials26.4%
- Information Technology23.7%
- Industrials11.6%
- Communication Services9.8%
- Consumer Discretionary8.6%
- Health Care8.1%
- Energy4.4%
- Utilities4.1%
- Materials1.6%
- Consumer Staples1.6%
- ETFs & Funds0.0%
Top holdings over time
Share of the portfolio each quarter (current top 5)
Quarter-by-quarter activity
Positions bought (new or added) vs sold (trimmed or exited)
Insights
Adds vs. trims · Q2 2026
Largest estimated dollar adds (green) and trims (red) this quarter. Click a bar to open the stock.
Sector allocation over time
Share of the reported portfolio in each sector, by quarter
Performance context
Reported 13F value vs. the S&P 500 between the same quarter-end dates, and a hypothetical “copy the top 10” strategy vs. SPY. Prices through Oct 27, 2026.
Reported value change ⓘChange in total reported 13F value from Sep 30, 2024 to Jun 30, 2026. Includes deposits/withdrawals and is not the fund’s return.
-33.0%
Sep 30, 2024 – Jun 30, 2026
S&P 500, same dates
+30.1%
Price index (^GSPC)
Hypothetical top-10 ⓘBuy the reported top 10 (value-weighted) at the close of the first trading day after each filing, hold until the next filing. Covers 100% of top-10 value on average (positions with price data).
+13.1%
Nov 8, 2024 – Oct 27, 2026
SPY, same days
+31.6%
Total return (dividends included)
Read these numbers carefully: “Reported value change” is the change in the total value of the shares on this manager’s 13F — it is not the fund’s investment return. The total also moves when investors put money into the fund or take it out, and a 13F covers only long US-listed shares — no shorts, bonds, cash or foreign stocks — so the fund’s actual return can be higher or lower.
Reported value vs. S&P 500 (cumulative)
Hypothetical top-10 vs. SPY (cumulative)
Quarter-by-quarter numbers
| Quarter | Reported value | Value change | S&P 500 | Top-10 held | Top-10 | SPY | Coverage |
|---|---|---|---|---|---|---|---|
| Q2 2026 | $14.71B | -4.8% | +14.9% | Aug 10, 2026 – Oct 27, 2026 (open) | +0.3% | -0.2% | 100% |
| Q1 2026 | $15.45B | -13.5% | -4.6% | May 7, 2026 – Aug 10, 2026 | +9.5% | +5.9% | 100% |
| Q4 2025 | $17.85B | -7.3% | +2.3% | Feb 11, 2026 – May 7, 2026 | +8.7% | +6.0% | 100% |
| Q3 2025 | $19.26B | -2.3% | +7.8% | Nov 5, 2025 – Feb 11, 2026 | -5.5% | +2.4% | 100% |
| Q2 2025 | $19.72B | -4.8% | +10.6% | Aug 8, 2025 – Nov 5, 2025 | +4.3% | +6.6% | 100% |
| Q1 2025 | $20.71B | -6.0% | -4.6% | May 8, 2025 – Aug 8, 2025 | +3.7% | +13.1% | 100% |
| Q4 2024 | $22.03B | +0.4% | +2.1% | Feb 13, 2025 – May 8, 2025 | -6.0% | -7.0% | 100% |
Not investment advice. Hypothetical, not actual results. 13F filings arrive up to 45 days after quarter end, so anyone copying them buys late; the top-10 figures start the day after each filing was published. Reported value changes include deposits and withdrawals and are not the fund's return. Costs, taxes and positions without price data are ignored. Past performance does not predict future results. How this is calculated
Column filters
| Ticker | Company | Sector | Shares | Value ↓ | % of portfolio | Change | Δ shares | Δ shares % | Est. Δ value ⓘChange in shares × this quarter's price |
|---|---|---|---|---|---|---|---|---|---|
| GOOG | Alphabet Inc (Class C) | Communication Services | 2.68M | $947.66M | 6.4% | Reduced | -584.3K | -17.9% | -$206.43M |
| AMZN | Amazon Com Inc | Consumer Discretionary | 3.03M | $721.72M | 4.9% | Reduced | -621.9K | -17.0% | -$148.23M |
| MSFT | Microsoft Corp | Information Technology | 1.68M | $626.63M | 4.3% | Reduced | -635.4K | -27.4% | -$237.00M |
| SHEL | Shell plc | Energy | 8.01M | $621.39M | 4.2% | Added | +893.5K | +12.5% | +$69.28M |
| NVDA | Nvidia Corp | Information Technology | 3.08M | $615.99M | 4.2% | Added | +2.1M | +223.5% | +$425.60M |
| V | Visa Inc (Class A) | Financials | 1.73M | $593.61M | 4.0% | Reduced | -206.6K | -10.7% | -$70.87M |
| WAT | Waters Corp | Information Technology | 1.22M | $456.40M | 3.1% | Reduced | -186.7K | -13.3% | -$70.01M |
| COR | Cencora, Inc | Health Care | 1.49M | $421.31M | 2.9% | Added | +457.7K | +44.4% | +$129.51M |
| APH | Amphenol Corp (Class A) | Information Technology | 2.36M | $415.81M | 2.8% | Reduced | -1.6M | -40.8% | -$287.13M |
| AON | Aon plc (Class A) | Financials | 1.17M | $388.62M | 2.6% | Reduced | -105.5K | -8.3% | -$34.98M |
| AER | AerCap Holdings N.V. | Industrials | 2.42M | $352.82M | 2.4% | Reduced | -259.6K | -9.7% | -$37.85M |
| WFC | Wells Fargo & Company | Financials | 4.20M | $346.68M | 2.4% | Reduced | -475.1K | -10.2% | -$39.26M |
| NOC | Northrop Grumman Corp | Industrials | 667.07K | $339.74M | 2.3% | Reduced | -16.3K | -2.4% | -$8.30M |
| AEP | American Electric Power Co Inc | Utilities | 2.28M | $312.45M | 2.1% | Added | +949.4K | +71.1% | +$129.88M |
| MRSH | Marsh & McLennan Companies, Inc | Financials | 1.87M | $311.87M | 2.1% | Reduced | -1.6M | -46.2% | -$267.41M |
| BRK.A | Berkshire Hathaway Inc (Class A) | Financials | 415 | $310.77M | 2.1% | Reduced | -94 | -18.5% | -$70.39M |
| META | Meta Platforms, Inc (Class A) | Communication Services | 545.69K | $307.38M | 2.1% | Reduced | -67.1K | -11.0% | -$37.81M |
| JPM | Jpmorgan Chase & Co | Financials | 927.80K | $303.70M | 2.1% | Reduced | -185.8K | -16.7% | -$60.81M |
| SO | Southern Co | Utilities | 3.02M | $289.36M | 2.0% | Reduced | -398.4K | -11.6% | -$38.14M |
| TSEM | Tower Semiconductor Ltd | Information Technology | 1.04M | $270.57M | 1.8% | Added | +73.1K | +7.6% | +$19.04M |
| ICE | Intercontinental Exchange, Inc | Financials | 2.03M | $250.11M | 1.7% | Reduced | -49.0K | -2.4% | -$6.03M |
| MA | Mastercard Inc (Class A) | Financials | 434.19K | $223.00M | 1.5% | Reduced | -18.0K | -4.0% | -$9.26M |
| CME | Cme Group Inc | Financials | 955.94K | $211.10M | 1.4% | Reduced | -75.4K | -7.3% | -$16.64M |
| SPGI | S&P Global Inc | Financials | 428.57K | $174.54M | 1.2% | Added | +45.5K | +11.9% | +$18.51M |
| SII | Sprott Inc | Financials | 1.32M | $148.38M | 1.0% | Reduced | -30.5K | -2.3% | -$3.42M |
| UBER | Uber Technologies, Inc | Industrials | 1.98M | $143.15M | 1.0% | Reduced | -230.0K | -10.4% | -$16.59M |
| MEDP | Medpace Holdings, Inc | Health Care | 267.18K | $141.49M | 1.0% | Reduced | -178.9K | -40.1% | -$94.76M |
| MLM | Martin Marietta Materials Inc | Materials | 241.54K | $139.30M | 0.9% | Reduced | -14.1K | -5.5% | -$8.15M |
| MCK | McKesson Corp | Health Care | 180.45K | $136.35M | 0.9% | Added | +94.8K | +110.6% | +$71.61M |
| BWXT | BWX Technologies, Inc | Industrials | 689.75K | $134.26M | 0.9% | Reduced | -44.4K | -6.0% | -$8.64M |
| CDW | CDW Corp | Consumer Discretionary | 949.38K | $133.52M | 0.9% | Reduced | -102.1K | -9.7% | -$14.36M |
| TXN | Texas Instruments Inc | Information Technology | 447.18K | $133.29M | 0.9% | Added | +9.5K | +2.2% | +$2.84M |
| BKNG | Booking Holdings Inc | Consumer Discretionary | 740.48K | $131.98M | 0.9% | Added | +683.8K | +1205.9% | +$121.88M |
| CPAY | Corpay, Inc | Industrials | 367.76K | $122.56M | 0.8% | Reduced | -145.7K | -28.4% | -$48.56M |
| AJG | Arthur J. Gallagher & Co | Financials | 510.02K | $117.09M | 0.8% | Reduced | -71.3K | -12.3% | -$16.36M |
| PG | Procter & Gamble Co | Consumer Staples | 784.53K | $115.04M | 0.8% | Reduced | -66.7K | -7.8% | -$9.78M |
| FCN | Fti Consulting, Inc | Industrials | 736.87K | $109.80M | 0.7% | Reduced | -574.2K | -43.8% | -$85.56M |
| ABBV | AbbVie Inc | Health Care | 431.25K | $108.52M | 0.7% | Added | +121.4K | +39.2% | +$30.54M |
| AAON | Aaon, Inc | Industrials | 855.17K | $108.49M | 0.7% | Added | +6.6K | +0.8% | +$836.01K |
| ABT | Abbott Laboratories | Health Care | 1.19M | $107.68M | 0.7% | Reduced | -67.0K | -5.3% | -$6.08M |
| ABNB | Airbnb, Inc (Class A) | Consumer Discretionary | 746.82K | $106.87M | 0.7% | Reduced | -108.9K | -12.7% | -$15.58M |
| CACI | Caci International Inc (Class A) | Information Technology | 224.72K | $104.10M | 0.7% | Added | +513 | +0.2% | +$237.65K |
| NOVT | Novanta Inc | Information Technology | 589.57K | $95.65M | 0.7% | Added | +107.4K | +22.3% | +$17.42M |
| NU | Nu Holdings Ltd (Class A) | Financials | 7.16M | $95.60M | 0.6% | Reduced | -547.7K | -7.1% | -$7.32M |
| CGNX | Cognex Corp | Information Technology | 1.31M | $94.52M | 0.6% | Added | +118.4K | +10.0% | +$8.57M |
| ITT | Itt Inc | Industrials | 422.87K | $83.63M | 0.6% | Reduced | -31.4K | -6.9% | -$6.20M |
| VRSK | Verisk Analytics, Inc | Information Technology | 464.29K | $83.35M | 0.6% | Added | +178.9K | +62.7% | +$32.13M |
| JNJ | Johnson & Johnson | Health Care | 322.48K | $81.90M | 0.6% | Reduced | -39.6K | -10.9% | -$10.07M |
| ELV | Elevance Health, Inc | Financials | 187.29K | $72.43M | 0.5% | Reduced | -1.7K | -0.9% | -$660.53K |
| VZ | Verizon Communications Inc | Communication Services | 1.68M | $70.99M | 0.5% | Reduced | -1.1M | -38.6% | -$44.64M |
Column filters
| Ticker | Company | Sector | Shares sold | Value last quarter ↓ |
|---|---|---|---|---|
| OSIS | Osi Systems Inc | Information Technology | -662.6K | $175.94M |
| NTES | NetEase, Inc | Information Technology | -521.9K | $58.42M |
| ENSG | Ensign Group, Inc | Health Care | -168.9K | $34.04M |
| MKC | McCormick & Co Inc | Consumer Staples | -398.0K | $20.07M |
| WMG | Warner Music Group Corp (Class A) | Consumer Discretionary | -341.3K | $8.72M |
| LGN | Legence Corp (Class A) | Industrials | -134.2K | $7.58M |
| KSPI | Joint Stock Co Kaspi.kz | Industrials | -72.8K | $5.39M |
| PDD | PDD Holdings Inc | Industrials | -34.4K | $3.51M |
| CHRD | Chord Energy Corp | Energy | -23.2K | $3.30M |
| ORLY | O Reilly Automotive Inc | Consumer Discretionary | -35.1K | $3.24M |
| MUSA | Murphy USA Inc | Consumer Discretionary | -6.0K | $2.99M |
| EOG | Eog Resources Inc | Energy | -11.2K | $1.61M |
13F filings on record (8)
| Quarter | Form | Filed | Type | Rows | Long value | |
|---|---|---|---|---|---|---|
| Q2 2026 | 13F-HR | Aug 7, 2026 | Original | 142 | $14.71B | SEC ↗ |
| Q1 2026 | 13F-HR | May 6, 2026 | Original | 126 | $15.45B | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | Original | 125 | $17.85B | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | Original | 110 | $19.26B | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | Original | 110 | $19.72B | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | Original | 105 | $20.71B | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | Original | 100 | $22.03B | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | Original | 101 | $21.95B | SEC ↗ |