13F HOLDINGS REPORT
Mawer Investment Management Ltd.
Quarter ended Q2 2025 · Filed August 7, 2025 · Accession 0000945621-25-000670
Total Value
$19.72B
Positions
138
Other Managers
1
Confidential Omitted
No
Holdings (138)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 2,869,800 | $1.43B | 7.24% |
| 2 | MARSH & MCLENNAN COS INC | 571748102 | 5,368,951 | $1.17B | 5.95% |
| 3 | AON PLC | AON | 2,969,500 | $1.06B | 5.37% |
| 4 | ALPHABET INC | GOOG | 5,201,281 | $922.7M | 4.68% |
| 5 | BOOKING HOLDINGS INC | BKNG | 158,585 | $918.1M | 4.66% |
| 6 | AMAZON COM INC | AMZN | 3,965,728 | $870.0M | 4.41% |
| 7 | VISA INC | V | 2,111,972 | $749.9M | 3.80% |
| 8 | AMPHENOL CORP NEW | 032095101 | 7,423,337 | $733.1M | 3.72% |
| 9 | FTI CONSULTING INC | FCN | 3,812,248 | $615.7M | 3.12% |
| 10 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 811 | $591.1M | 3.00% |
| 11 | META PLATFORMS INC | META | 734,892 | $542.4M | 2.75% |
| 12 | NORTHROP GRUMMAN CORP | NOC | 982,904 | $491.4M | 2.49% |
| 13 | CDW CORP | CDW | 2,638,858 | $471.3M | 2.39% |
| 14 | JPMORGAN CHASE & CO. | VYLD | 1,240,831 | $359.7M | 1.82% |
| 15 | UNITEDHEALTH GROUP INC | UNH | 1,058,318 | $330.2M | 1.67% |
| 16 | SHELL PLC | RYDAF | 4,590,494 | $323.2M | 1.64% |
| 17 | LULULEMON ATHLETICA INC | LULU | 1,357,573 | $322.5M | 1.64% |
| 18 | INSPERITY INC | NSP | 4,834,935 | $290.7M | 1.47% |
| 19 | DEERE & CO | DE | 558,650 | $284.1M | 1.44% |
| 20 | CORPAY INC | CPAY | 815,494 | $270.6M | 1.37% |
| 21 | MEDPACE HLDGS INC | MEDP | 816,422 | $256.2M | 1.30% |
| 22 | APTARGROUP INC | ATR | 1,400,575 | $219.1M | 1.11% |
| 23 | GALLAGHER ARTHUR J & CO | 363576109 | 681,510 | $218.2M | 1.11% |
| 24 | TRINET GROUP INC | TNET | 2,802,711 | $205.0M | 1.04% |
| 25 | FERGUSON ENTERPRISES INC | FERG | 928,323 | $202.1M | 1.03% |
| 26 | CENCORA INC | COR | 671,609 | $201.4M | 1.02% |
| 27 | WARNER MUSIC GROUP CORP | WMG | 7,363,406 | $200.6M | 1.02% |
| 28 | CME GROUP INC | CME | 725,181 | $199.9M | 1.01% |
| 29 | TENCENT MUSIC ENTMT GROUP | XHLD | 10,145,806 | $197.7M | 1.00% |
| 30 | ACCENTURE PLC IRELAND | ACN | 651,225 | $194.6M | 0.99% |
| 31 | VERIZON COMMUNICATIONS INC | VZ | 4,277,814 | $185.1M | 0.94% |
| 32 | AERCAP HOLDINGS NV | AER | 1,550,229 | $181.4M | 0.92% |
| 33 | YUM CHINA HLDGS INC | YUMC | 3,764,693 | $168.3M | 0.85% |
| 34 | WATERS CORP | 941848103 | 476,561 | $166.3M | 0.84% |
| 35 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 885,746 | $162.5M | 0.82% |
| 36 | ROBERT HALF INC. | RHI | 3,936,836 | $161.6M | 0.82% |
| 37 | ABBOTT LABS | ABLZF | 1,185,658 | $161.3M | 0.82% |
| 38 | MASTERCARD INCORPORATED | MA | 282,072 | $158.5M | 0.80% |
| 39 | PROCTER AND GAMBLE CO | 742718109 | 992,814 | $158.2M | 0.80% |
| 40 | MARTIN MARIETTA MATLS INC | 573284106 | 286,720 | $157.4M | 0.80% |
| 41 | POOL CORP | POOL | 497,659 | $145.1M | 0.74% |
| 42 | BWX TECHNOLOGIES INC | BWXT | 900,449 | $129.7M | 0.66% |
| 43 | CACI INTL INC | 127190304 | 266,456 | $127.0M | 0.64% |
| 44 | OSI SYSTEMS INC | OSIS | 512,656 | $115.3M | 0.58% |
| 45 | AMERICAN ELEC PWR CO INC | 025537101 | 1,088,876 | $113.0M | 0.57% |
| 46 | VERISK ANALYTICS INC | VRSK | 355,282 | $110.7M | 0.56% |
| 47 | HDFC BANK LTD | HDB | 1,408,023 | $108.0M | 0.55% |
| 48 | VALVOLINE INC | VVV | 2,678,878 | $101.4M | 0.51% |
| 49 | SHERWIN WILLIAMS CO | SHW | 273,259 | $93.8M | 0.48% |
| 50 | NIKE INC | NKE | 1,209,399 | $85.9M | 0.44% |
| 51 | BARRETT BUSINESS SVCS INC | 068463108 | 1,950,056 | $81.3M | 0.41% |
| 52 | DANAHER CORPORATION | 235851102 | 400,889 | $79.2M | 0.40% |
| 53 | TEXAS INSTRS INC | 882508104 | 370,186 | $76.9M | 0.39% |
| 54 | SOUTHERN CO | SOMN | 836,480 | $76.8M | 0.39% |
| 55 | BECTON DICKINSON & CO | BDX | 442,162 | $76.2M | 0.39% |
| 56 | ESQUIRE FINL HLDGS INC | 29667J101 | 775,879 | $73.4M | 0.37% |
| 57 | TRADEWEB MKTS INC | 892672106 | 478,149 | $70.0M | 0.35% |
| 58 | S&P GLOBAL INC | SPGI | 132,151 | $69.7M | 0.35% |
| 59 | KASPI KZ JSC | 48581R205 | 805,524 | $68.4M | 0.35% |
| 60 | DONNELLEY FINL SOLUTIONS INC | 25787G100 | 1,074,386 | $66.2M | 0.34% |
| 61 | BIO RAD LABS INC | 090572207 | 267,108 | $64.5M | 0.33% |
| 62 | JOHNSON & JOHNSON | JNJ | 409,812 | $62.6M | 0.32% |
| 63 | NETEASE INC | NETTF | 463,490 | $62.4M | 0.32% |
| 64 | PAYCHEX INC | PAYX | 407,696 | $59.3M | 0.30% |
| 65 | AAON INC | AAON | 790,466 | $58.3M | 0.30% |
| 66 | ELEVANCE HEALTH INC | ELV | 138,539 | $53.9M | 0.27% |
| 67 | ITT INC | ITT | 326,078 | $51.1M | 0.26% |
| 68 | SPROTT INC | SII | 729,889 | $50.4M | 0.26% |
| 69 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 208,068 | $47.1M | 0.24% |
| 70 | ZOETIS INC | ZTS | 293,580 | $45.8M | 0.23% |
| 71 | COGNEX CORP | CGNX | 1,441,467 | $45.7M | 0.23% |
| 72 | ABBVIE INC | ABBV | 243,994 | $45.3M | 0.23% |
| 73 | ARM HOLDINGS PLC | 042068205 | 275,747 | $44.6M | 0.23% |
| 74 | AMETEK INC | AME | 237,469 | $43.0M | 0.22% |
| 75 | HERSHEY CO | HSY | 255,641 | $42.4M | 0.22% |
| 76 | ICON PLC | ICLR | 265,985 | $38.7M | 0.20% |
| 77 | STATE STR CORP | STT-PG | 361,659 | $38.5M | 0.20% |
| 78 | MCCORMICK & CO INC | MKC-V | 481,513 | $36.5M | 0.19% |
| 79 | RYAN SPECIALTY HOLDINGS INC | RYAN | 496,934 | $33.8M | 0.17% |
| 80 | BORGWARNER INC | BWA | 984,690 | $33.0M | 0.17% |
| 81 | SNAP ON INC | SNA | 101,524 | $31.6M | 0.16% |
| 82 | SHARKNINJA INC | SN | 292,293 | $28.9M | 0.15% |
| 83 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 55,897 | $27.2M | 0.14% |
| 84 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 452,048 | $25.0M | 0.13% |
| 85 | PATHWARD FINANCIAL INC | CASH | 254,995 | $20.2M | 0.10% |
| 86 | RESMED INC | RSMDF | 77,970 | $20.1M | 0.10% |
| 87 | LPL FINL HLDGS INC | 50212V100 | 52,984 | $19.9M | 0.10% |
| 88 | KINSALE CAP GROUP INC | 49714P108 | 35,686 | $17.3M | 0.09% |
| 89 | ENSIGN GROUP INC | ENSG | 109,570 | $16.9M | 0.09% |
| 90 | FIRST CTZNS BANCSHARES INC N | 31946M103 | 8,624 | $16.9M | 0.09% |
| 91 | CARLISLE COS INC | 142339100 | 39,517 | $14.8M | 0.07% |
| 92 | RB GLOBAL INC | RBA | 130,327 | $13.8M | 0.07% |
| 93 | MURPHY USA INC | MUSA | 31,702 | $12.9M | 0.07% |
| 94 | D R HORTON INC | 23331A109 | 95,106 | $12.3M | 0.06% |
| 95 | SHIFT4 PMTS INC | 82452J109 | 106,829 | $10.6M | 0.05% |
| 96 | AIRBNB INC | ABNB | 75,036 | $9.9M | 0.05% |
| 97 | ADVANCED DRAIN SYS INC DEL | 00790R104 | 82,391 | $9.5M | 0.05% |
| 98 | CBIZ INC | CBZ | 128,668 | $9.2M | 0.05% |
| 99 | KLA CORP | KLAC | 10,251 | $9.2M | 0.05% |
| 100 | VERISIGN INC | VRSN | 30,536 | $8.8M | 0.04% |
| 101 | OREILLY AUTOMOTIVE INC | 67103H107 | 92,620 | $8.3M | 0.04% |
| 102 | EURONET WORLDWIDE INC | EEFT | 80,407 | $8.2M | 0.04% |
| 103 | MARRIOTT INTL INC NEW | 571903202 | 24,704 | $6.7M | 0.03% |
| 104 | ALPHABET INC | GOOG | 34,560 | $6.1M | 0.03% |
| 105 | FULL TRUCK ALLIANCE CO LTD | YMM | 431,100 | $5.1M | 0.03% |
| 106 | NOVANTA INC | NOVTU | 32,207 | $4.2M | 0.02% |
| 107 | PDD HOLDINGS INC | PDD | 27,000 | $2.8M | 0.01% |
| 108 | MICROSOFT CORP | MSFT | 3,012 | $1.5M | 0.01% |
| 109 | MARSH & MCLENNAN COS INC | 571748102 | 5,920 | $1.3M | 0.01% |
| 110 | BOOKING HOLDINGS INC | BKNG | 217 | $1.3M | 0.01% |
| 111 | ALPHABET INC | GOOG | 5,744 | $1.0M | 0.01% |
| 112 | AMAZON COM INC | AMZN | 4,052 | $888,968 | 0.00% |
| 113 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 1,730 | $840,382 | 0.00% |
| 114 | APPLE INC | AAPL | 3,960 | $812,473 | 0.00% |
| 115 | META PLATFORMS INC | META | 1,006 | $742,519 | 0.00% |
| 116 | AON PLC | AON | 2,033 | $725,293 | 0.00% |
| 117 | VISA INC | V | 1,922 | $682,406 | 0.00% |
| 118 | FTI CONSULTING INC | FCN | 3,929 | $634,534 | 0.00% |
| 119 | CDW CORP | CDW | 3,510 | $626,851 | 0.00% |
| 120 | NORTHROP GRUMMAN CORP | NOC | 1,105 | $552,478 | 0.00% |
| 121 | AMPHENOL CORP NEW | 032095101 | 4,766 | $470,643 | 0.00% |
| 122 | LULULEMON ATHLETICA INC | LULU | 1,867 | $443,562 | 0.00% |
| 123 | DEERE & CO | DE | 767 | $390,012 | 0.00% |
| 124 | CORPAY INC | CPAY | 997 | $330,825 | 0.00% |
| 125 | JPMORGAN CHASE & CO. | VYLD | 1,138 | $329,918 | 0.00% |
| 126 | UNITEDHEALTH GROUP INC | UNH | 1,051 | $327,880 | 0.00% |
| 127 | MEDPACE HLDGS INC | MEDP | 1,010 | $316,999 | 0.00% |
| 128 | NVIDIA CORPORATION | NVDA | 2,000 | $315,980 | 0.00% |
| 129 | INSPERITY INC | NSP | 5,247 | $315,450 | 0.00% |
| 130 | TRINET GROUP INC | TNET | 3,862 | $282,467 | 0.00% |
| 131 | WARNER MUSIC GROUP CORP | WMG | 9,644 | $262,703 | 0.00% |
| 132 | ELI LILLY & CO | LLY | 300 | $233,859 | 0.00% |
| 133 | YUM CHINA HLDGS INC | YUMC | 5,172 | $231,240 | 0.00% |
| 134 | ROBERT HALF INC. | RHI | 5,322 | $218,468 | 0.00% |
| 135 | POOL CORP | POOL | 685 | $199,664 | 0.00% |
| 136 | ACCENTURE PLC IRELAND | ACN | 556 | $166,183 | 0.00% |
| 137 | SNAP ON INC | SNA | 139 | $43,254 | 0.00% |
| 138 | APTARGROUP INC | ATR | 182 | $28,470 | 0.00% |