3 stocks billionaire John Armitage added to his portfolio

Billionaire hedge fund manager John Armitage added three stocks to his portfolio in Q4 2022 – Schlumberger, ICICI Bank, and Everest Re Group.

He also increased his stake in Visa, Booking Holdings, and LPL Financial Holdings.               

John Armitage is a British-Irish billionaire hedge fund manager who co-founded Egerton Capital with William Bollinger in 1994.

He serves as the chief investment officer at Egerton Capital, where he is responsible for all portfolio management activities for equity strategies.

Armitage has a fundamental, research-intensive stock-picking approach to investing long/short and long-only equity.

Egerton Capital had approximately $15.6 billion in assets under management as of 31 December 2022.

With a net worth of approximately $2.9 billion, he is one of Britain’s richest and most successful hedge fund managers.

As a super investor, Armitage’s trading is closely followed by the global investing community through his Form 13F filings with the Securities and Exchange Commission (SEC) in the United States.

His latest filings revealed that he added Schlumberger, ICICI Bank, and Everest Re Group to Egerton Capital’s portfolio in the last quarter.

He increased his stake in Visa, Booking Holdings, and LPL Financial Holdings and reduced his stake in all other holdings.

His biggest reductions were in Applied Materials (58%), CSX (53%), Analog Devices (50%), and Microsoft (50%).

The table below shows John Armitage’s latest Egerton Capital portfolio, with the changes over the last quarter.

Stock % of Portfolio Recent
Canadian Pacific Railway 13.05 Reduce 9.59% $1,516,652,000
Canadian Natl Railway Co. 11.23 Reduce 1.71% $1,305,538,000
Charles Schwab Corp. 6.81 Reduce 18.49% $790,826,000
Visa Inc. 6.76 Add 2.59% $786,021,000
Alphabet Inc. CL C 6.30 Reduce 20.12% $732,284,000
Mastercard Inc. 5.99 Reduce 7.40% $695,879,000
Schlumberger Ltd. 5.07 Buy $588,789,000
Microsoft Corp. 5.01 Reduce 49.76% $582,057,000
United Health Group Inc. 4.85 Reduce 7.44% $564,125,000
Cenovus Energy Inc. 4.80 Reduce 1.73% $557,614,000
First Citizens Bancshares 4.64 Reduce 8.17% $538,725,000
Lowe’s Cos. 3.91 Reduce 1.14% $454,033,000
Booking Holdings Inc. 3.76 Add 3.59% $436,949,000
Teck Resources 3.71 Reduce 4.90% $430,999,000
Analog Devices 2.78 Reduce 50.90% $322,919,000
LPL Financial Holdings Inc. 2.28 Add 1.13% $265,510,000
Applied Materials 2.07 Reduce 57.88% $240,515,000
CSX Corp. 2.02 Reduce 53.07% $234,656,000
ICICI Bank Ltd. 1.92 Buy $223,606,000
KKR & Co. L.P. 1.76 Reduce 7.46% $204,612,000
Everest Re Group 1.28 Buy $148,840,000


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