Mawer Investment Management Ltd.
Comparing Q4 2025 vs Q3 2025
Sorting applies to all holdings for this quarter on the server, then the page is sliced. Prior-quarter values come from the full prior-quarter filing.
Issuer ▲▼ | Shares | Value ($K) | ||||
|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | |
| WELLS FARGO CO NEW | 1,755,728 | 4,876,127 | +3,120,399 | 147,165,121 | 454,455,036 | +307,289,915 |
| SHELL PLC | 4,500,736 | 8,075,089 | +3,574,353 | 321,937,646 | 593,357,540 | +271,419,894 |
| AERCAP HOLDINGS NV | 2,093,694 | 3,272,935 | +1,179,241 | 253,336,974 | 470,517,136 | +217,180,162 |
| UBER TECHNOLOGIES INC | 756,430 | 2,503,682 | +1,747,252 | 74,107,447 | 204,575,856 | +130,468,409 |
| ALPHABET INC | 4,203,836 | 3,669,059 | -534,777 | 1,023,844,258 | 1,151,350,714 | +127,506,456 |
| SOUTHERN CO | 798,280 | 1,767,773 | +969,493 | 75,652,996 | 154,149,806 | +78,496,810 |
| NU HLDGS LTD | 676,400 | 4,585,720 | +3,909,320 | 10,829,164 | 76,764,953 | +65,935,789 |
| NVIDIA CORPORATION | 56,890 | 356,928 | +300,038 | 10,614,536 | 66,567,072 | +55,952,536 |
| SPROTT INC | 1,269,829 | 1,515,002 | +245,173 | 105,637,075 | 148,348,996 | +42,711,921 |
| WATERS CORP | 1,551,010 | 1,298,752 | -252,258 | 465,008,308 | 493,304,972 | +28,296,664 |
| KKR & CO INC | 0 | 206,248 | +206,248 | 0 | 26,292,495 | +26,292,495 |
| S&P GLOBAL INC | 168,229 | 206,095 | +37,866 | 81,878,737 | 107,703,186 | +25,824,449 |
| AIRBNB INC | 556,924 | 667,850 | +110,926 | 67,621,712 | 90,640,602 | +23,018,890 |
| ATOUR LIFESTYLE HLDGS LTD | 0 | 479,543 | +479,543 | 0 | 18,893,994 | +18,893,994 |
| NOVANTA INC | 391,148 | 457,160 | +66,012 | 39,173,472 | 54,397,468 | +15,223,996 |
| HDFC BANK LTD | 2,968,430 | 3,187,295 | +218,865 | 101,401,569 | 116,463,759 | +15,062,190 |
| ELEVANCE HEALTH INC FORMERLY | 186,657 | 207,095 | +20,438 | 60,312,610 | 72,597,152 | +12,284,542 |
| JOHNSON & JOHNSON | 401,662 | 415,882 | +14,220 | 74,476,168 | 86,066,780 | +11,590,612 |
| DORMAN PRODS INC | 0 | 91,249 | +91,249 | 0 | 11,240,964 | +11,240,964 |
| OPENLANE INC | 0 | 372,320 | +372,320 | 0 | 11,087,690 | +11,087,690 |
| WAYSTAR HLDG CORP | 0 | 337,732 | +337,732 | 0 | 11,060,723 | +11,060,723 |
| SANDISK CORP | 0 | 42,908 | +42,908 | 0 | 10,185,501 | +10,185,501 |
| LYFT INC | 0 | 508,078 | +508,078 | 0 | 9,841,471 | +9,841,471 |
| MEDLINE INC | 0 | 225,000 | +225,000 | 0 | 9,450,000 | +9,450,000 |
| NETEASE INC | 451,450 | 559,896 | +108,446 | 68,615,886 | 77,052,888 | +8,437,002 |
| SPROUTS FMRS MKT INC | 0 | 97,119 | +97,119 | 0 | 7,737,471 | +7,737,471 |
| VITAL FARMS INC | 0 | 216,077 | +216,077 | 0 | 6,901,499 | +6,901,499 |
| DANAHER CORPORATION | 394,186 | 370,579 | -23,607 | 78,151,316 | 84,832,945 | +6,681,629 |
| INTERPARFUMS INC | 0 | 76,881 | +76,881 | 0 | 6,521,815 | +6,521,815 |
| COMFORT SYS USA INC | 0 | 6,497 | +6,497 | 0 | 6,063,585 | +6,063,585 |
| CENCORA INC | 650,671 | 618,284 | -32,387 | 203,354,208 | 208,825,421 | +5,471,213 |
| CACI INTL INC | 252,506 | 246,257 | -6,249 | 125,944,943 | 131,208,192 | +5,263,249 |
| TRADEWEB MKTS INC | 468,596 | 531,171 | +62,575 | 52,004,784 | 57,122,129 | +5,117,345 |
| ISHARES TR | 0 | 107,855 | +107,855 | 0 | 4,743,463 | +4,743,463 |
| MCEWEN INC. | 0 | 249,981 | +249,981 | 0 | 4,627,148 | +4,627,148 |
| CSW INDUSTRIALS INC | 0 | 15,173 | +15,173 | 0 | 4,453,731 | +4,453,731 |
| BOSTON SCIENTIFIC CORP | 0 | 46,199 | +46,199 | 0 | 4,405,075 | +4,405,075 |
| VANECK ETF TRUST | 0 | 36,020 | +36,020 | 0 | 3,730,231 | +3,730,231 |
| LEGENCE CORP | 0 | 85,338 | +85,338 | 0 | 3,672,948 | +3,672,948 |
| ENSIGN GROUP INC | 108,961 | 126,186 | +17,225 | 18,825,192 | 21,981,601 | +3,156,409 |
| BLOCK INC | 0 | 47,043 | +47,043 | 0 | 3,062,029 | +3,062,029 |
| OLD DOMINION FREIGHT LINE IN | 0 | 19,484 | +19,484 | 0 | 3,055,091 | +3,055,091 |
| BIO RAD LABS INC | 243,468 | 233,946 | -9,522 | 68,265,993 | 70,883,299 | +2,617,306 |
| ESQUIRE FINL HLDGS INC | 776,773 | 800,465 | +23,692 | 79,277,452 | 81,703,463 | +2,426,011 |
| SELECT SECTOR SPDR TR | 0 | 10,855 | +10,855 | 0 | 1,680,354 | +1,680,354 |
| ABBVIE INC | 250,848 | 261,398 | +10,550 | 58,081,346 | 59,726,829 | +1,645,483 |
| VERTIV HOLDINGS CO | 0 | 9,143 | +9,143 | 0 | 1,481,257 | +1,481,257 |
| ITT INC | 402,919 | 422,740 | +19,821 | 72,025,800 | 73,349,617 | +1,323,817 |
| ISHARES TR | 0 | 16,980 | +16,980 | 0 | 1,136,302 | +1,136,302 |
| SEA LTD | 0 | 8,123 | +8,123 | 0 | 1,036,251 | +1,036,251 |
| KLA CORP | 10,191 | 9,587 | -604 | 10,992,013 | 11,648,972 | +656,959 |
| RYAN SPECIALTY HOLDINGS INC | 469,456 | 525,172 | +55,716 | 26,458,540 | 27,114,630 | +656,090 |
| ALPHABET INC | 22,174 | 19,052 | -3,122 | 5,390,499 | 5,963,276 | +572,777 |
| VANGUARD INDEX FDS | 0 | 1,657 | +1,657 | 0 | 293,902 | +293,902 |
| LPL FINL HLDGS INC | 52,690 | 49,606 | -3,084 | 17,529,436 | 17,717,775 | +188,339 |
| APPLE INC | 3,899 | 3,921 | +22 | 992,802 | 1,065,963 | +73,161 |
| ROYAL BK CDA | 1,495 | 1,495 | 0 | 220,243 | 254,883 | +34,640 |
| ELI LILLY & CO | 300 | 235 | -65 | 228,900 | 252,550 | +23,650 |
| KINSALE CAP GROUP INC | 31,890 | 34,580 | +2,690 | 13,561,541 | 13,524,930 | -36,611 |
| ORACLE CORP | 850 | 0 | -850 | 239,054 | 0 | -239,054 |
| PDD HOLDINGS INC | 34,400 | 34,390 | -10 | 4,546,648 | 3,899,482 | -647,166 |
| HERSHEY CO | 244,995 | 246,199 | +1,204 | 45,826,315 | 44,803,294 | -1,023,021 |
| SHARKNINJA INC | 245,561 | 216,701 | -28,860 | 25,329,617 | 24,248,842 | -1,080,775 |
| BERKSHIRE HATHAWAY INC DEL | 56,983 | 54,833 | -2,150 | 28,647,633 | 27,561,807 | -1,085,826 |
| EURONET WORLDWIDE INC | 79,961 | 75,374 | -4,587 | 7,021,375 | 5,736,715 | -1,284,660 |
| AMETEK INC | 227,500 | 201,078 | -26,422 | 42,770,000 | 41,283,324 | -1,486,676 |
| RB GLOBAL INC | 129,542 | 121,299 | -8,243 | 14,037,171 | 12,478,028 | -1,559,143 |
| BORGWARNER INC | 932,512 | 874,457 | -58,055 | 40,993,228 | 39,403,032 | -1,590,196 |
| WARNER MUSIC GROUP CORP | 314,052 | 295,041 | -19,011 | 10,696,611 | 9,048,907 | -1,647,704 |
| CBIZ INC | 127,954 | 97,223 | -30,731 | 6,776,444 | 4,904,900 | -1,871,544 |
| ADVANCED DRAIN SYS INC DEL | 81,932 | 65,373 | -16,559 | 11,363,968 | 9,467,972 | -1,895,996 |
| OREILLY AUTOMOTIVE INC | 74,025 | 63,620 | -10,405 | 7,980,635 | 5,802,780 | -2,177,855 |
| CARLISLE COS INC | 39,298 | 32,310 | -6,988 | 12,927,470 | 10,334,677 | -2,592,793 |
| SHIFT4 PMTS INC | 178,318 | 169,872 | -8,446 | 13,801,813 | 10,696,840 | -3,104,973 |
| TAIWAN SEMICONDUCTOR MFG LTD | 214,395 | 186,670 | -27,725 | 59,878,379 | 56,727,146 | -3,151,233 |
| ZOETIS INC | 326,602 | 354,445 | +27,843 | 47,788,405 | 44,596,270 | -3,192,135 |
| PATHWARD FINANCIAL INC | 346,061 | 310,623 | -35,438 | 25,611,975 | 22,054,233 | -3,557,742 |
| RESMED INC | 77,536 | 72,954 | -4,582 | 21,223,929 | 17,572,430 | -3,651,499 |
| AMERICAN ELEC PWR CO INC | 1,035,159 | 976,788 | -58,371 | 116,455,388 | 112,633,424 | -3,821,964 |
| INTERACTIVE BROKERS GROUP IN | 460,796 | 429,818 | -30,978 | 31,707,373 | 27,641,596 | -4,065,777 |
| DONNELLEY FINL SOLUTIONS INC | 863,629 | 859,565 | -4,064 | 44,416,439 | 40,133,090 | -4,283,349 |
| UNITEDHEALTH GROUP INC | 152,305 | 145,241 | -7,064 | 52,590,917 | 47,945,507 | -4,645,410 |
| MCCORMICK & CO INC | 476,879 | 400,074 | -76,805 | 31,907,974 | 27,249,040 | -4,658,934 |
| MURPHY USA INC | 39,217 | 25,365 | -13,852 | 15,226,392 | 10,235,285 | -4,991,107 |
| TEXAS INSTRS INC | 458,826 | 456,844 | -1,982 | 84,300,101 | 79,257,866 | -5,042,235 |
| FULL TRUCK ALLIANCE CO LTD | 431,100 | 0 | -431,100 | 5,591,367 | 0 | -5,591,367 |
| ISHARES TR | 40,825 | 0 | -40,825 | 5,643,648 | 0 | -5,643,648 |
| BURFORD CAP LTD | 678,384 | 249,181 | -429,203 | 8,113,473 | 2,222,695 | -5,890,778 |
| VERISIGN INC | 22,776 | 0 | -22,776 | 6,367,486 | 0 | -6,367,486 |
| OSI SYSTEMS INC | 856,383 | 803,602 | -52,781 | 213,444,899 | 204,966,726 | -8,478,173 |
| MARTIN MARIETTA MATLS INC | 279,396 | 264,946 | -14,450 | 176,097,711 | 164,971,276 | -11,126,435 |
| FIRST CTZNS BANCSHARES INC D | 6,433 | 0 | -6,433 | 11,509,666 | 0 | -11,509,666 |
| ABBOTT LABS | 1,255,780 | 1,245,467 | -10,313 | 168,199,173 | 156,044,560 | -12,154,613 |
| BWX TECHNOLOGIES INC | 800,547 | 772,693 | -27,854 | 147,596,850 | 133,552,258 | -14,044,592 |
| NIKE INC | 1,183,059 | 1,070,117 | -112,942 | 82,494,704 | 68,177,154 | -14,317,550 |
| AAON INC | 789,309 | 766,207 | -23,102 | 73,753,033 | 58,423,284 | -15,329,749 |
| BARRETT BUSINESS SVCS INC | 1,950,722 | 1,964,053 | +13,331 | 86,455,999 | 71,118,359 | -15,337,640 |
| FERGUSON ENTERPRISES INC | 911,377 | 846,921 | -64,456 | 204,677,047 | 188,550,022 | -16,127,025 |
| VERISK ANALYTICS INC | 292,566 | 255,201 | -37,365 | 73,583,275 | 57,085,912 | -16,497,363 |
| PROCTER AND GAMBLE CO | 950,490 | 896,693 | -53,797 | 146,042,789 | 128,505,074 | -17,537,715 |