— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Mawer Investment Management Ltd.

517 10TH AVENUE S. W. SUITE 600, CALGARY, A0 T2R 0A8 • 403-262-4673

Q2 2025 · Filed 2025-08-07
Market Value
$19.4B
-4.4%
Holdings
115
+6
New Purchases
12
Added To
20
Closed
7
Reduced
72
Top 10 Concentration
46.7%
Turnover
16.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
META 2.79% 0.00% +2.79% $543M
NOC 2.53% 0.00% +2.53% $492M
MSFT 7.35% 5.65% +1.70% $1.4B
JPM 1.85% 0.52% +1.33% $360M
AER 0.93% 0.00% +0.93% $181M
APH 3.77% 2.86% +0.91% $734M
BKNG 4.73% 3.83% +0.90% $919M
AMZN 4.48% 3.68% +0.80% $871M
BRK-A 3.04% 2.69% +0.36% $591M
VVV 0.52% 0.21% +0.31% $101M
BWXT 0.67% 0.38% +0.29% $130M
ANTM 0.28% 0.00% +0.28% $54M
MEDP 1.32% 1.04% +0.28% $257M
SII 0.26% 0.00% +0.26% $50M
FERG 1.04% 0.79% +0.25% $202M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
UNH 1.70% 5.34% -3.64% $330M
FDX 0.00% 2.73% -2.73% $0
XP 0.00% 1.66% -1.66% $0
RHI 0.83% 2.09% -1.26% $162M
MMC 6.05% 7.17% -1.12% $1.2B
SNA 0.16% 1.16% -1.00% $32M
AON 5.45% 6.42% -0.97% $1.1B
NSP 1.50% 2.24% -0.74% $291M
ICE 0.84% 1.16% -0.32% $163M
CVS 0.00% 0.31% -0.31% $0
V 3.86% 4.16% -0.30% $751M
ICLR 0.20% 0.50% -0.30% $39M
WMG 1.03% 1.22% -0.18% $201M
LULU 1.66% 1.84% -0.18% $323M
YUMC 0.87% 1.04% -0.17% $169M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 29.4%
Technology 17.3%
Healthcare 12.2%
Industrials 11.6%
Communication Services 9.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 23 $6.9B 35.7%
Large Cap 65 $10.2B 52.2%
Mid Cap 17 $1.6B 8.2%
Small Cap 10 $747M 3.8%

Portfolio Analytics

Avg Market Cap
$350.5B
Median Market Cap
$34.8B
Avg P/E
30.0
Median P/E
24.2
Avg Dividend Yield
0.01%
Avg Beta
0.90
# Stocks
115
# ETFs / Funds
0

Top Holdings (115 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 7.35% 2,872,812 $1.4B $497.41 $279M -190,257 -6.2%
2 MMC 6.05% 5,374,871 $1.2B $218.64 -$282M -597,241 -10.0%
3 AON 5.45% 2,971,533 $1.1B $356.76 -$246M -302,041 -9.2%
4 GOOG 4.75% 5,207,025 $924M $177.39 -$26M -869,492 -14.3%
5 BKNG 4.73% 158,802 $919M $5,789.24 $140M -10,445 -6.2%
6 AMZN 4.48% 3,969,780 $871M $219.39 $123M +39,594 +1.0%
7 V 3.86% 2,113,894 $751M $355.05 -$95M -300,170 -12.4%
8 APH 3.77% 7,428,103 $734M $98.75 $152M -1,437,830 -16.2%
9 FCN 3.17% 3,816,177 $616M $161.50 -$35M -155,878 -3.9%
10 BRK-A 3.04% 811 $591M $728,800.00 $45M +127 +18.6%
11 META 2.79% 735,898 $543M $738.09 +735,898 NEW
12 NOC 2.53% 984,009 $492M $499.98 +984,009 NEW
13 CDW 2.43% 2,642,368 $472M $178.59 $19M -186,650 -6.6%
14 JPM 1.85% 1,241,969 $360M $289.91 $254M +809,976 +187.5%
15 UNH 1.70% 1,059,369 $330M $311.97 -$756M -1,014,563 -48.9%
16 SHEL 1.66% 4,590,494 $323M $70.41 -$38M -339,170 -6.9%
17 LULU 1.66% 1,359,440 $323M $237.58 -$51M +36,664 +2.8%
18 NSP 1.50% 4,840,182 $291M $60.12 -$164M -262,380 -5.1%
19 DE 1.46% 559,417 $284M $508.49 $4M -38,832 -6.5%
20 MEDP 1.32% 817,432 $257M $313.86 $44M +121,213 +17.4%
21 ATR 1.13% 1,400,757 $219M $156.43 $41M +197,214 +16.4%
22 AJG 1.12% 681,510 $218M $320.12 -$37M -57,797 -7.8%
23 TNET 1.06% 2,806,573 $205M $73.14 -$33M -197,537 -6.6%
24 FERG 1.04% 928,323 $202M $217.75 $42M -68,360 -6.9%
25 ABC 1.04% 671,609 $201M $299.85 $11M -14,208 -2.1%
26 WMG 1.03% 7,373,050 $201M $27.24 -$46M -510,736 -6.5%
27 CME 1.03% 725,181 $200M $275.62 -$31M -146,039 -16.8%
28 TME 1.02% 10,145,806 $198M $19.49 $39M -838,345 -7.6%
29 ACN 1.00% 651,781 $195M $298.89 -$42M -107,023 -14.1%
30 VZ 0.95% 4,277,814 $185M $43.27 -$28M -424,461 -9.0%
31 AER 0.93% 1,550,229 $181M $117.00 +1,550,229 NEW
32 YUMC 0.87% 3,769,865 $169M $44.71 -$42M -274,240 -6.8%
33 WAT 0.86% 476,561 $166M $349.04 -$23M -36,953 -7.2%
34 ICE 0.84% 885,746 $163M $183.47 -$73M -479,237 -35.1%
35 RHI 0.83% 3,942,158 $162M $41.05 -$264M -3,863,211 -49.5%
36 ABT 0.83% 1,185,658 $161M $136.01 -$13M -125,563 -9.6%
37 MA 0.82% 282,072 $159M $561.94 -$10M -26,169 -8.5%
38 PG 0.81% 992,814 $158M $159.32 -$28M -101,620 -9.3%
39 MLM 0.81% 286,720 $157M $548.96 $18M -3,786 -1.3%
40 POOL 0.75% 498,344 $145M $291.48 -$23M -31,685 -6.0%
41 BWXT 0.67% 900,449 $130M $144.06 $53M +121,498 +15.6%
42 CACI 0.65% 266,456 $127M $476.70 $22M -21,108 -7.3%
43 OSIS 0.59% 512,656 $115M $224.86 $26M +51,634 +11.2%
44 AEP 0.58% 1,088,876 $113M $103.76 -$14M -76,236 -6.5%
45 VRSK 0.57% 355,282 $111M $311.50 -$12M -55,991 -13.6%
46 HDB 0.56% 1,408,023 $108M $76.67 $17M +38,653 +2.8%
47 VVV 0.52% 2,678,878 $101M $37.87 $59M +1,454,458 +118.8%
48 SHW 0.48% 273,259 $94M $343.36 -$12M -29,596 -9.8%
49 NKE 0.44% 1,209,399 $86M $71.04 -$2M -169,958 -12.3%
50 BBSI 0.42% 1,950,056 $81M $41.69 $516K -13,059 -0.7%
51 DHR 0.41% 400,889 $79M $197.54 -$10M -33,719 -7.8%
52 TXN 0.40% 370,186 $77M $207.62 $20M +55,512 +17.6%
53 SO 0.40% 836,480 $77M $91.83 -$5M -49,211 -5.6%
54 BDX 0.39% 442,162 $76M $172.25 -$25M -1,465 -0.3%
55 ESQ 0.38% 775,879 $73M $94.66 $15M -4,010 -0.5%
56 TW 0.36% 478,149 $70M $146.40 -$9M -54,103 -10.2%
57 SPGI 0.36% 132,151 $70M $527.29 -$6M -17,426 -11.7%
58 KSPI 0.35% 805,524 $68M $84.89 -$12M -54,814 -6.4%
59 DFIN 0.34% 1,074,386 $66M $61.65 $8M -258,389 -19.4%
60 BIO 0.33% 267,108 $64M $241.32 -$7M -27,771 -9.4%
61 JNJ 0.32% 409,812 $63M $152.75 -$20M -88,786 -17.8%
62 NTES 0.32% 463,490 $62M $134.58 -$6M -205,321 -30.7%
63 PAYX 0.31% 407,696 $59M $145.46 -$32M -183,784 -31.1%
64 AAON 0.30% 790,466 $58M $73.75 $14M +224,494 +39.7%
65 ANTM 0.28% 138,539 $54M $388.96 +138,539 NEW
66 ITT 0.26% 326,078 $51M $156.83 $7M -18,920 -5.5%
67 SII 0.26% 729,889 $50M $69.09 +729,889 NEW
68 TSM 0.24% 208,068 $47M $226.49 $18M +32,658 +18.6%
69 ZTS 0.24% 293,580 $46M $155.95 +293,580 NEW
70 CGNX 0.24% 1,441,467 $46M $31.72 +1,441,467 NEW
71 ABBV 0.23% 243,994 $45M $185.62 -$9M -14,740 -5.7%
72 ARM 0.23% 275,747 $45M $161.74 +275,747 NEW
73 AME 0.22% 237,469 $43M $180.96 -$15M -101,965 -30.0%
74 HSY 0.22% 255,641 $42M $165.95 -$4M -14,295 -5.3%
75 ICLR 0.20% 265,985 $39M $145.45 -$62M -310,086 -53.8%
76 STT 0.20% 361,659 $38M $106.34 -$8M -154,878 -30.0%
77 MKC 0.19% 481,513 $37M $75.82 -$8M -55,135 -10.3%
78 RYAN 0.17% 496,934 $34M $67.99 -$4M -14,220 -2.8%
79 BWA 0.17% 984,690 $33M $33.48 $3M -50,887 -4.9%
80 SNA 0.16% 101,663 $32M $311.18 -$204M -597,328 -85.5%
81 SN 0.15% 292,293 $29M $98.99 $2M -34,905 -10.7%
82 BRK-B 0.14% 57,627 $28M $485.77 -$327K +4,451 +8.4%
83 IBKR 0.13% 452,048 $25M $55.41 $3M +321,197 +245.5%
84 CASH 0.10% 254,995 $20M $79.12 -$808K -32,649 -11.3%
85 RMD 0.10% 77,970 $20M $258.00 $2M -2,710 -3.4%
86 LPLA 0.10% 52,984 $20M $374.97 $2M -1,942 -3.5%
87 KNSL 0.09% 35,686 $17M $483.90 -$704K -1,241 -3.4%
88 ENSG 0.09% 109,570 $17M $154.26 +109,570 NEW
89 FCNCA 0.09% 8,624 $17M $1,956.47 $330K -298 -3.3%
90 CSL 0.08% 39,517 $15M $373.40 -$2M -10,478 -21.0%
91 MUSA 0.07% 31,702 $13M $406.80 $375K +5,050 +18.9%
92 DHI 0.06% 95,106 $12M $128.92 -$248K -3,293 -3.4%
93 FOUR 0.05% 106,829 $11M $99.11 $5M +41,542 +63.6%
94 ABNB 0.05% 75,036 $10M $132.34 $4M +26,747 +55.4%
95 WMS 0.05% 82,391 $9M $114.86 $166K -3,181 -3.7%
96 CBZ 0.05% 128,668 $9M $71.71 +128,668 NEW
97 KLAC 0.05% 10,251 $9M $895.74 -$2M -6,649 -39.3%
98 VRSN 0.05% 30,536 $9M $288.80 -$666K -6,826 -18.3%
99 ORLY 0.04% 92,620 $8M $90.13 -$5M +82,969 +859.7%
100 EEFT 0.04% 80,407 $8M $101.38 -$756K -2,959 -3.5%

New Positions

SymbolValue% Port
META $543M 2.79%
NOC $492M 2.53%
AER $181M 0.93%
ANTM $54M 0.28%
SII $50M 0.26%
ZTS $46M 0.24%
CGNX $46M 0.24%
ARM $45M 0.23%
ENSG $17M 0.09%
CBZ $9M 0.05%
MAR $7M 0.03%
NOVT $4M 0.02%

Sold Out Positions

SymbolValue% Port
FDX —%
CVS —%
CRL —%
MBC —%
XP —%
WINA —%
XPEL —%
View SEC EDGAR Filings for Mawer Investment Management Ltd. →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms