# Mawer Investment Management Ltd.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1538449. Source: https://holderbook.com/funds/1538449-mawer-investment-management-ltd/

- Reported value: $14.7B
- Positions: 142
- Weight of the ten largest: 39.5%
- Filed: 2026-08-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $947.7M | 2,682,081 | 6.4% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $721.7M | 3,028,097 | 4.9% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $626.6M | 1,679,876 | 4.3% | 31 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $621.4M | 8,013,792 | 4.2% | 16 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $616.0M | 3,078,576 | 4.2% | 7 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $593.6M | 1,730,185 | 4.0% | 31 |
| WATERS CORP | [WAT](https://holderbook.com/stocks/WAT/) | $456.4M | 1,216,947 | 3.1% | 31 |
| CENCORA INC | [COR](https://holderbook.com/stocks/COR/) | $421.3M | 1,488,843 | 2.9% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $415.8M | 2,358,285 | 2.8% | 31 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $388.6M | 1,171,624 | 2.6% | 25 |
| AERCAP HOLDINGS NV | [AER](https://holderbook.com/stocks/AER/) | $352.8M | 2,420,238 | 2.4% | 5 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $346.7M | 4,195,116 | 2.4% | 4 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $339.7M | 667,069 | 2.3% | 5 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $312.5M | 2,283,858 | 2.1% | 21 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $311.9M | 1,871,159 | 2.1% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $310.8M | 415 | 2.1% | 6 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $307.4M | 545,687 | 2.1% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $303.7M | 927,802 | 2.1% | 31 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $289.4M | 3,023,312 | 2.0% | 21 |
| TOWER SEMICONDUCTOR LTD | [TSEM](https://holderbook.com/stocks/TSEM/) | $270.6M | 1,038,086 | 1.8% | 2 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $250.1M | 2,031,582 | 1.7% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $223.0M | 434,186 | 1.5% | 31 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $211.1M | 955,942 | 1.4% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $174.5M | 428,573 | 1.2% | 31 |
| SPROTT INC | [SII](https://holderbook.com/stocks/SII/) | $148.4M | 1,320,706 | 1.0% | 5 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $143.2M | 1,983,808 | 1.0% | 4 |
| MEDPACE HLDGS INC | [MEDP](https://holderbook.com/stocks/MEDP/) | $141.5M | 267,175 | 1.0% | 6 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $139.3M | 241,545 | 0.9% | 18 |
| MCKESSON CORP | [MCK](https://holderbook.com/stocks/MCK/) | $136.3M | 180,449 | 0.9% | 2 |
| BWX TECHNOLOGIES INC | [BWXT](https://holderbook.com/stocks/BWXT/) | $134.3M | 689,750 | 0.9% | 19 |
| CDW CORP | [CDW](https://holderbook.com/stocks/CDW/) | $133.5M | 949,381 | 0.9% | 25 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $133.3M | 447,181 | 0.9% | 31 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $132.0M | 740,483 | 0.9% | 31 |
| CORPAY INC | [CPAY](https://holderbook.com/stocks/CPAY/) | $122.6M | 367,757 | 0.8% | 10 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $117.1M | 510,025 | 0.8% | 26 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $115.0M | 784,529 | 0.8% | 31 |
| FTI CONSULTING INC | [FCN](https://holderbook.com/stocks/FCN/) | $109.8M | 736,868 | 0.7% | 22 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $108.5M | 431,246 | 0.7% | 11 |
| AAON INC | [AAON](https://holderbook.com/stocks/AAON/) | $108.5M | 855,173 | 0.7% | 6 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $107.7M | 1,186,677 | 0.7% | 21 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $106.9M | 746,819 | 0.7% | 6 |
| CACI INTL INC | [CACI](https://holderbook.com/stocks/CACI/) | $104.1M | 224,720 | 0.7% | 13 |
| NOVANTA INC | [NOVT](https://holderbook.com/stocks/NOVT/) | $95.7M | 589,573 | 0.7% | 5 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $95.6M | 7,155,847 | 0.6% | 4 |
| COGNEX CORP | [CGNX](https://holderbook.com/stocks/CGNX/) | $94.5M | 1,305,175 | 0.6% | 5 |
| ITT INC | [ITT](https://holderbook.com/stocks/ITT/) | $83.6M | 422,873 | 0.6% | 9 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $83.4M | 464,286 | 0.6% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $81.9M | 322,477 | 0.6% | 31 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $72.4M | 187,293 | 0.5% | 5 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $71.0M | 1,676,590 | 0.5% | 31 |
| ESQUIRE FINL HLDGS INC | [ESQ](https://holderbook.com/stocks/ESQ/) | $69.5M | 583,871 | 0.5% | 7 |
| HDFC BANK LTD | [HDB](https://holderbook.com/stocks/HDB/) | $67.8M | 2,624,709 | 0.5% | 17 |
| VALMONT INDS INC | [VMI](https://holderbook.com/stocks/VMI/) | $65.9M | 114,118 | 0.4% | 1 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $63.1M | 355,389 | 0.4% | 2 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $60.9M | 319,583 | 0.4% | 28 |
| TRADEWEB MKTS INC | [TW](https://holderbook.com/stocks/TW/) | $57.7M | 579,425 | 0.4% | 23 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $57.5M | 120,328 | 0.4% | 31 |
| SK TELECOM CO LTD | [SKM](https://holderbook.com/stocks/SKM/) | $54.9M | 1,708,146 | 0.4% | 1 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $54.0M | 129,954 | 0.4% | 25 |
| TENCENT MUSIC ENTMT GROUP | [TME](https://holderbook.com/stocks/TME/) | $51.8M | 6,202,845 | 0.4% | 10 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $49.5M | 57,680 | 0.3% | 2 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $48.8M | 278,385 | 0.3% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $48.5M | 128,290 | 0.3% | 1 |
| BARRETT BUSINESS SVCS INC | [BBSI](https://holderbook.com/stocks/BBSI/) | $43.7M | 1,230,575 | 0.3% | 9 |
| INTER PARFUMS INC | [IPAR](https://holderbook.com/stocks/IPAR/) | $43.2M | 386,090 | 0.3% | 3 |
| OPENLANE INC | [OPLN](https://holderbook.com/stocks/OPLN/) | $41.3M | 1,000,262 | 0.3% | 3 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $39.0M | 950,036 | 0.3% | 31 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $38.9M | 17,110 | 0.3% | 3 |
| AMETEK INC | [AME](https://holderbook.com/stocks/AME/) | $35.6M | 147,117 | 0.2% | 31 |
| DORMAN PRODS INC | [DORM](https://holderbook.com/stocks/DORM/) | $35.2M | 257,897 | 0.2% | 3 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $35.1M | 231,895 | 0.2% | 31 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $34.4M | 144,782 | 0.2% | 8 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $33.5M | 337,344 | 0.2% | 1 |
| MEDLINE INC | [MDLN](https://holderbook.com/stocks/MDLN/) | $33.2M | 840,566 | 0.2% | 3 |
| FORMFACTOR INC | [FORM](https://holderbook.com/stocks/FORM/) | $32.4M | 202,824 | 0.2% | 1 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $32.2M | 106,797 | 0.2% | 20 |
| WESCO INTL INC | [WCC](https://holderbook.com/stocks/WCC/) | $25.8M | 74,616 | 0.2% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $25.4M | 50,850 | 0.2% | 21 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $25.3M | 130,248 | 0.2% | 1 |
| APTARGROUP INC | [ATR](https://holderbook.com/stocks/ATR/) | $24.2M | 193,292 | 0.2% | 31 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $24.1M | 72,028 | 0.2% | 3 |
| ATOUR LIFESTYLE HLDGS LTD | [ATAT](https://holderbook.com/stocks/ATAT/) | $23.9M | 752,258 | 0.2% | 3 |
| PATHWARD FINANCIAL INC | [CASH](https://holderbook.com/stocks/CASH/) | $23.7M | 271,655 | 0.2% | 9 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $22.6M | 530,533 | 0.2% | 3 |
| BIO RAD LABS INC | [BIO](https://holderbook.com/stocks/BIO/) | $21.0M | 71,577 | 0.1% | 23 |
| SHARKNINJA INC | [SN](https://holderbook.com/stocks/SN/) | $19.7M | 129,084 | 0.1% | 12 |
| BORGWARNER INC | [BWA](https://holderbook.com/stocks/BWA/) | $19.6M | 295,797 | 0.1% | 13 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $19.4M | 223,262 | 0.1% | 10 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $18.5M | 257,185 | 0.1% | 5 |
| RXO INC | [RXO](https://holderbook.com/stocks/RXO/) | $18.1M | 657,345 | 0.1% | 1 |
| LPL FINL HLDGS INC | [LPLA](https://holderbook.com/stocks/LPLA/) | $18.1M | 64,243 | 0.1% | 11 |
| RYAN SPECIALTY HOLDINGS INC | [RYAN](https://holderbook.com/stocks/RYAN/) | $17.7M | 469,919 | 0.1% | 20 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $17.4M | 35,997 | 0.1% | 1 |
| RESMED INC | [RMD](https://holderbook.com/stocks/RMD/) | $17.4M | 89,367 | 0.1% | 11 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $17.4M | 189,608 | 0.1% | 3 |
| KINSALE CAP GROUP INC | [KNSL](https://holderbook.com/stocks/KNSL/) | $17.3M | 52,521 | 0.1% | 6 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $16.7M | 48,595 | 0.1% | 31 |
| SPROUTS FMRS MKT INC | [SFM](https://holderbook.com/stocks/SFM/) | $15.7M | 185,380 | 0.1% | 3 |
| XPEL INC | [XPEL](https://holderbook.com/stocks/XPEL/) | $15.4M | 310,200 | 0.1% | 1 |
| DONNELLEY FINL SOLUTIONS INC | [DFIN](https://holderbook.com/stocks/DFIN/) | $14.6M | 347,156 | 0.1% | 15 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +4.6% | +14.8% | -10.3% | 100% |
| Q1 2026 | -6.1% | -4.6% | -1.4% | 100% |
| Q4 2025 | +0.8% | +2.4% | -1.6% | 100% |
| Q3 2025 | +3.1% | +7.8% | -4.8% | 100% |
| Q2 2025 | +1.9% | +10.5% | -8.6% | 100% |
| Q1 2025 | -1.1% | -4.6% | +3.4% | 100% |
| Q4 2024 | -2.4% | +2.1% | -4.6% | 100% |
| Q3 2024 | +4.4% | +5.4% | -1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $14.7B | 142 |
| Q1 2026 | $15.4B | 126 |
| Q4 2025 | $17.9B | 125 |
| Q3 2025 | $19.3B | 110 |
| Q2 2025 | $19.7B | 110 |
| Q1 2025 | $20.7B | 105 |
| Q4 2024 | $22.0B | 100 |
| Q3 2024 | $21.9B | 101 |
| Q2 2024 | $21.1B | 105 |
| Q1 2024 | $21.6B | 105 |
| Q4 2023 | $19.5B | 107 |
| Q3 2023 | $18.7B | 104 |