# Bishop Rock Capital, L.P.

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1656001. Source: https://holderbook.com/funds/1656001-bishop-rock-capital-l-p/

- Reported value: $24.3M
- Positions: 18
- Weight of the ten largest: 82.1%
- Filed: 2023-11-13

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 |
|---|---|---|---|---|---|
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $2.8M | 6,517 | 11.4% | 20 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $1.9M | 17,685 | 8.0% | 1 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $1.9M | 10,153 | 7.9% | 20 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.9M | 6,119 | 7.9% | 10 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $1.9M | 8,475 | 7.9% | 6 |
| ANSYS INC | [ANSS](https://holderbook.com/stocks/ANSS/) | $1.9M | 6,477 | 7.9% | 12 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $1.9M | 8,370 | 7.9% | 20 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $1.9M | 25,827 | 7.9% | 2 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $1.9M | 5,257 | 7.9% | 20 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $1.8M | 6,883 | 7.2% | 5 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.7M | 4,298 | 6.9% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $627.7K | 4,797 | 2.6% | 20 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $622.8K | 1,573 | 2.6% | 20 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $399.2K | 778 | 1.6% | 20 |
| TYLER TECHNOLOGIES INC | [TYL](https://holderbook.com/stocks/TYL/) | $319.3K | 827 | 1.3% | 20 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $290.5K | 896 | 1.2% | 13 |
| ICON PUB LTD CO | [ICLR](https://holderbook.com/stocks/ICLR/) | $216.5K | 879 | 0.9% | 10 |
| IQVIA HLDGS INC | [IQV](https://holderbook.com/stocks/IQV/) | $205.2K | 1,043 | 0.8% | 10 |

## 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 |
|---|---|---|---|---|
| Q3 2023 | -4.1% | -3.6% | -0.5% | 100% |
| Q2 2023 | +7.5% | +8.3% | -0.7% | 100% |
| Q1 2023 | +5.3% | +7.0% | -1.7% | 100% |
| Q4 2022 | +5.9% | +7.1% | -1.2% | 100% |
| Q3 2022 | -4.1% | -5.3% | +1.2% | 100% |
| Q2 2022 | -15.7% | -16.5% | +0.7% | 100% |
| Q1 2022 | -7.1% | -4.9% | -2.1% | 100% |
| Q4 2021 | +10.2% | +10.7% | -0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $24.3M | 18 |
| Q2 2023 | $69.0M | 23 |
| Q1 2023 | $64.5M | 23 |
| Q4 2022 | $75.1M | 26 |
| Q3 2022 | $144.3M | 27 |
| Q2 2022 | $102.8M | 23 |
| Q1 2022 | $252.2M | 28 |
| Q4 2021 | $334.7M | 34 |
| Q3 2021 | $309.1M | 34 |
| Q2 2021 | $324.9M | 33 |
| Q1 2021 | $294.4M | 29 |
| Q4 2020 | $315.8M | 28 |