13F HOLDINGS REPORT
Mawer Investment Management Ltd.
Quarter ended Q3 2025 · Filed November 4, 2025 · Accession 0000945621-25-001010
Total Value
$19.26B
Positions
141
Other Managers
1
Confidential Omitted
No
Holdings (141)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 2,646,577 | $1.37B | 7.12% |
| 2 | ALPHABET INC | GOOG | 4,201,482 | $1.02B | 5.31% |
| 3 | AMAZON COM INC | AMZN | 4,483,561 | $984.5M | 5.11% |
| 4 | MARSH & MCLENNAN COS INC | 571748102 | 4,569,847 | $921.0M | 4.78% |
| 5 | AON PLC | AON | 2,497,152 | $890.4M | 4.62% |
| 6 | VISA INC | V | 2,351,542 | $802.8M | 4.17% |
| 7 | BOOKING HOLDINGS INC | BKNG | 143,133 | $772.8M | 4.01% |
| 8 | AMPHENOL CORP NEW | 032095101 | 5,907,033 | $731.0M | 3.80% |
| 9 | NORTHROP GRUMMAN CORP | NOC | 964,232 | $587.5M | 3.05% |
| 10 | FTI CONSULTING INC | FCN | 3,343,867 | $540.5M | 2.81% |
| 11 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 711 | $536.2M | 2.78% |
| 12 | META PLATFORMS INC | META | 686,272 | $504.0M | 2.62% |
| 13 | WATERS CORP | 941848103 | 1,550,354 | $464.8M | 2.41% |
| 14 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 2,471,185 | $416.3M | 2.16% |
| 15 | CME GROUP INC | CME | 1,502,132 | $405.9M | 2.11% |
| 16 | CDW CORP | CDW | 2,358,622 | $375.7M | 1.95% |
| 17 | JPMORGAN CHASE & CO. | VYLD | 1,173,671 | $370.2M | 1.92% |
| 18 | APTARGROUP INC | ATR | 2,758,336 | $368.7M | 1.91% |
| 19 | MEDPACE HLDGS INC | MEDP | 646,324 | $332.3M | 1.73% |
| 20 | SHELL PLC | RYDAF | 4,500,736 | $321.9M | 1.67% |
| 21 | MASTERCARD INCORPORATED | MA | 512,055 | $291.3M | 1.51% |
| 22 | AERCAP HOLDINGS NV | AER | 2,093,694 | $253.3M | 1.32% |
| 23 | DEERE & CO | DE | 501,931 | $229.5M | 1.19% |
| 24 | CORPAY INC | CPAY | 741,858 | $213.7M | 1.11% |
| 25 | OSI SYSTEMS INC | OSIS | 856,383 | $213.4M | 1.11% |
| 26 | FERGUSON ENTERPRISES INC | FERG | 911,377 | $204.7M | 1.06% |
| 27 | CENCORA INC | COR | 650,671 | $203.4M | 1.06% |
| 28 | GALLAGHER ARTHUR J & CO | 363576109 | 646,298 | $200.2M | 1.04% |
| 29 | BECTON DICKINSON & CO | BDX | 1,065,650 | $199.5M | 1.04% |
| 30 | TENCENT MUSIC ENTMT GROUP | XHLD | 8,382,139 | $195.6M | 1.02% |
| 31 | VERIZON COMMUNICATIONS INC | VZ | 4,060,223 | $178.4M | 0.93% |
| 32 | MARTIN MARIETTA MATLS INC | 573284106 | 279,396 | $176.1M | 0.91% |
| 33 | ABBOTT LABS | ABLZF | 1,255,780 | $168.2M | 0.87% |
| 34 | BWX TECHNOLOGIES INC | BWXT | 800,547 | $147.6M | 0.77% |
| 35 | WELLS FARGO CO NEW | 949746101 | 1,755,728 | $147.2M | 0.76% |
| 36 | PROCTER AND GAMBLE CO | 742718109 | 950,490 | $146.0M | 0.76% |
| 37 | POOL CORP | POOL | 424,119 | $131.5M | 0.68% |
| 38 | INSPERITY INC | NSP | 2,622,086 | $129.0M | 0.67% |
| 39 | CACI INTL INC | 127190304 | 252,506 | $125.9M | 0.65% |
| 40 | ACCENTURE PLC IRELAND | ACN | 474,809 | $117.1M | 0.61% |
| 41 | AMERICAN ELEC PWR CO INC | 025537101 | 1,035,159 | $116.5M | 0.60% |
| 42 | SPROTT INC | SII | 1,269,829 | $105.6M | 0.55% |
| 43 | HDFC BANK LTD | HDB | 2,968,430 | $101.4M | 0.53% |
| 44 | BARRETT BUSINESS SVCS INC | 068463108 | 1,950,722 | $86.5M | 0.45% |
| 45 | TEXAS INSTRS INC | 882508104 | 458,826 | $84.3M | 0.44% |
| 46 | NIKE INC | NKE | 1,183,059 | $82.5M | 0.43% |
| 47 | S&P GLOBAL INC | SPGI | 168,229 | $81.9M | 0.43% |
| 48 | VALVOLINE INC | VVV | 2,260,543 | $81.2M | 0.42% |
| 49 | ESQUIRE FINL HLDGS INC | 29667J101 | 776,773 | $79.3M | 0.41% |
| 50 | DANAHER CORPORATION | 235851102 | 394,186 | $78.2M | 0.41% |
| 51 | SOUTHERN CO | SOMN | 798,280 | $75.7M | 0.39% |
| 52 | JOHNSON & JOHNSON | JNJ | 401,662 | $74.5M | 0.39% |
| 53 | UBER TECHNOLOGIES INC | UBER | 755,896 | $74.1M | 0.38% |
| 54 | AAON INC | AAON | 789,309 | $73.8M | 0.38% |
| 55 | VERISK ANALYTICS INC | VRSK | 292,566 | $73.6M | 0.38% |
| 56 | ITT INC | ITT | 402,919 | $72.0M | 0.37% |
| 57 | SHERWIN WILLIAMS CO | SHW | 199,990 | $69.2M | 0.36% |
| 58 | NETEASE INC | NETTF | 451,450 | $68.6M | 0.36% |
| 59 | BIO RAD LABS INC | 090572207 | 243,468 | $68.3M | 0.35% |
| 60 | AIRBNB INC | ABNB | 556,533 | $67.6M | 0.35% |
| 61 | COGNEX CORP | CGNX | 1,439,647 | $65.2M | 0.34% |
| 62 | KASPI KZ JSC | 48581R205 | 785,974 | $64.2M | 0.33% |
| 63 | ELEVANCE HEALTH INC FORMERLY | ELV | 186,657 | $60.3M | 0.31% |
| 64 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 212,060 | $59.2M | 0.31% |
| 65 | ABBVIE INC | ABBV | 250,848 | $58.1M | 0.30% |
| 66 | UNITEDHEALTH GROUP INC | UNH | 152,305 | $52.6M | 0.27% |
| 67 | TRADEWEB MKTS INC | 892672106 | 468,596 | $52.0M | 0.27% |
| 68 | ZOETIS INC | ZTS | 326,602 | $47.8M | 0.25% |
| 69 | HERSHEY CO | HSY | 244,995 | $45.8M | 0.24% |
| 70 | DONNELLEY FINL SOLUTIONS INC | 25787G100 | 863,629 | $44.4M | 0.23% |
| 71 | PAYCHEX INC | PAYX | 338,331 | $42.9M | 0.22% |
| 72 | AMETEK INC | AME | 227,500 | $42.8M | 0.22% |
| 73 | BORGWARNER INC | BWA | 932,512 | $41.0M | 0.21% |
| 74 | STATE STR CORP | STT-PG | 350,267 | $40.6M | 0.21% |
| 75 | NOVANTA INC | NOVTU | 391,148 | $39.2M | 0.20% |
| 76 | ARM HOLDINGS PLC | 042068205 | 269,784 | $38.2M | 0.20% |
| 77 | MCCORMICK & CO INC | MKC-V | 476,879 | $31.9M | 0.17% |
| 78 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 460,531 | $31.7M | 0.16% |
| 79 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 56,160 | $28.2M | 0.15% |
| 80 | YUM CHINA HLDGS INC | YUMC | 635,055 | $27.3M | 0.14% |
| 81 | RYAN SPECIALTY HOLDINGS INC | RYAN | 469,456 | $26.5M | 0.14% |
| 82 | PATHWARD FINANCIAL INC | CASH | 346,061 | $25.6M | 0.13% |
| 83 | SHARKNINJA INC | SN | 245,561 | $25.3M | 0.13% |
| 84 | RESMED INC | RSMDF | 77,536 | $21.2M | 0.11% |
| 85 | ENSIGN GROUP INC | ENSG | 108,961 | $18.8M | 0.10% |
| 86 | LPL FINL HLDGS INC | 50212V100 | 52,690 | $17.5M | 0.09% |
| 87 | MURPHY USA INC | MUSA | 39,217 | $15.2M | 0.08% |
| 88 | RB GLOBAL INC | RBA | 129,542 | $14.0M | 0.07% |
| 89 | SHIFT4 PMTS INC | 82452J109 | 178,318 | $13.8M | 0.07% |
| 90 | KINSALE CAP GROUP INC | 49714P108 | 31,890 | $13.6M | 0.07% |
| 91 | CARLISLE COS INC | 142339100 | 39,298 | $12.9M | 0.07% |
| 92 | FIRST CTZNS BANCSHARES INC D | 31946M103 | 6,433 | $11.5M | 0.06% |
| 93 | ADVANCED DRAIN SYS INC DEL | 00790R104 | 81,932 | $11.4M | 0.06% |
| 94 | KLA CORP | KLAC | 10,191 | $11.0M | 0.06% |
| 95 | NU HLDGS LTD | NU | 676,400 | $10.8M | 0.06% |
| 96 | WARNER MUSIC GROUP CORP | WMG | 314,052 | $10.7M | 0.06% |
| 97 | NVIDIA CORPORATION | NVDA | 56,890 | $10.6M | 0.06% |
| 98 | BURFORD CAP LTD | BUR | 678,384 | $8.1M | 0.04% |
| 99 | OREILLY AUTOMOTIVE INC | 67103H107 | 74,025 | $8.0M | 0.04% |
| 100 | EURONET WORLDWIDE INC | EEFT | 79,961 | $7.0M | 0.04% |
| 101 | CBIZ INC | CBZ | 127,954 | $6.8M | 0.04% |
| 102 | VERISIGN INC | VRSN | 22,776 | $6.4M | 0.03% |
| 103 | ISHARES TR | 464288257 | 40,825 | $5.6M | 0.03% |
| 104 | FULL TRUCK ALLIANCE CO LTD | YMM | 431,100 | $5.6M | 0.03% |
| 105 | ALPHABET INC | GOOG | 22,174 | $5.4M | 0.03% |
| 106 | PDD HOLDINGS INC | PDD | 34,400 | $4.5M | 0.02% |
| 107 | APPLE INC | AAPL | 3,899 | $992,802 | 0.01% |
| 108 | MICROSOFT CORP | MSFT | 1,446 | $748,956 | 0.00% |
| 109 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 2,335 | $652,142 | 0.00% |
| 110 | ALPHABET INC | GOOG | 2,354 | $573,317 | 0.00% |
| 111 | MARSH & MCLENNAN COS INC | 571748102 | 2,776 | $559,447 | 0.00% |
| 112 | BOOKING HOLDINGS INC | BKNG | 101 | $545,326 | 0.00% |
| 113 | AMAZON COM INC | AMZN | 2,426 | $532,677 | 0.00% |
| 114 | VISA INC | V | 1,224 | $417,849 | 0.00% |
| 115 | AMPHENOL CORP NEW | 032095101 | 3,350 | $414,563 | 0.00% |
| 116 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 823 | $413,755 | 0.00% |
| 117 | META PLATFORMS INC | META | 502 | $368,659 | 0.00% |
| 118 | NORTHROP GRUMMAN CORP | NOC | 556 | $338,782 | 0.00% |
| 119 | AON PLC | AON | 937 | $334,115 | 0.00% |
| 120 | FTI CONSULTING INC | FCN | 1,788 | $289,030 | 0.00% |
| 121 | CDW CORP | CDW | 1,679 | $267,431 | 0.00% |
| 122 | ORACLE CORP | ORCL-PD | 850 | $239,054 | 0.00% |
| 123 | MEDPACE HLDGS INC | MEDP | 450 | $231,372 | 0.00% |
| 124 | ELI LILLY & CO | LLY | 300 | $228,900 | 0.00% |
| 125 | ROYAL BK CDA | 780087102 | 1,495 | $220,243 | 0.00% |
| 126 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 1,181 | $198,975 | 0.00% |
| 127 | WATERS CORP | 941848103 | 656 | $196,675 | 0.00% |
| 128 | JPMORGAN CHASE & CO. | VYLD | 568 | $179,164 | 0.00% |
| 129 | DEERE & CO | DE | 367 | $167,814 | 0.00% |
| 130 | CME GROUP INC | CME | 620 | $167,518 | 0.00% |
| 131 | POOL CORP | POOL | 451 | $139,842 | 0.00% |
| 132 | CORPAY INC | CPAY | 476 | $137,117 | 0.00% |
| 133 | APTARGROUP INC | ATR | 690 | $92,225 | 0.00% |
| 134 | MASTERCARD INCORPORATED | MA | 127 | $72,239 | 0.00% |
| 135 | YUM CHINA HLDGS INC | YUMC | 1,673 | $71,805 | 0.00% |
| 136 | BECTON DICKINSON & CO | BDX | 356 | $66,633 | 0.00% |
| 137 | INSPERITY INC | NSP | 1,193 | $58,696 | 0.00% |
| 138 | ACCENTURE PLC IRELAND | ACN | 233 | $57,458 | 0.00% |
| 139 | UBER TECHNOLOGIES INC | UBER | 534 | $52,316 | 0.00% |
| 140 | AIRBNB INC | ABNB | 391 | $47,475 | 0.00% |
| 141 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 265 | $18,235 | 0.00% |