13F HOLDINGS REPORT
Mawer Investment Management Ltd.
Quarter ended Q4 2025 · Filed February 10, 2026 · Accession 0000945621-26-000248
Total Value
$17.85B
Positions
125
Other Managers
0
Confidential Omitted
No
Holdings (125)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICROSOFT CORP | MSFT | 2,626,566 | $1.27B | 7.12% |
| 2 | ALPHABET INC | GOOG | 3,669,059 | $1.15B | 6.45% |
| 3 | AMAZON COM INC | AMZN | 4,069,955 | $939.4M | 5.26% |
| 4 | MARSH & MCLENNAN COS INC | 571748102 | 3,905,686 | $724.6M | 4.06% |
| 5 | VISA INC | V | 2,035,207 | $713.8M | 4.00% |
| 6 | AMPHENOL CORP NEW | 032095101 | 5,085,546 | $687.3M | 3.85% |
| 7 | BOOKING HOLDINGS INC | BKNG | 112,205 | $600.9M | 3.37% |
| 8 | SHELL PLC | RYDAF | 8,075,089 | $593.4M | 3.32% |
| 9 | AON PLC | AON | 1,477,693 | $521.4M | 2.92% |
| 10 | WATERS CORP | 941848103 | 1,298,752 | $493.3M | 2.76% |
| 11 | NORTHROP GRUMMAN CORP | NOC | 846,131 | $482.5M | 2.70% |
| 12 | AERCAP HOLDINGS NV | AER | 3,272,935 | $470.5M | 2.64% |
| 13 | WELLS FARGO CO NEW | 949746101 | 4,876,127 | $454.5M | 2.55% |
| 14 | META PLATFORMS INC | META | 688,205 | $454.3M | 2.54% |
| 15 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 587 | $443.1M | 2.48% |
| 16 | FTI CONSULTING INC | FCN | 2,305,748 | $393.9M | 2.21% |
| 17 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 2,430,848 | $393.7M | 2.21% |
| 18 | JPMORGAN CHASE & CO. | VYLD | 1,015,553 | $327.2M | 1.83% |
| 19 | CME GROUP INC | CME | 1,140,499 | $311.4M | 1.74% |
| 20 | MASTERCARD INCORPORATED | MA | 463,159 | $264.4M | 1.48% |
| 21 | APTARGROUP INC | ATR | 2,057,224 | $250.9M | 1.41% |
| 22 | CDW CORP | CDW | 1,786,808 | $243.4M | 1.36% |
| 23 | MEDPACE HLDGS INC | MEDP | 407,302 | $228.8M | 1.28% |
| 24 | CENCORA INC | COR | 618,284 | $208.8M | 1.17% |
| 25 | OSI SYSTEMS INC | OSIS | 803,602 | $205.0M | 1.15% |
| 26 | UBER TECHNOLOGIES INC | UBER | 2,503,682 | $204.6M | 1.15% |
| 27 | CORPAY INC | CPAY | 630,173 | $189.6M | 1.06% |
| 28 | FERGUSON ENTERPRISES INC | FERG | 846,921 | $188.6M | 1.06% |
| 29 | DEERE & CO | DE | 382,487 | $178.1M | 1.00% |
| 30 | MARTIN MARIETTA MATLS INC | 573284106 | 264,946 | $165.0M | 0.92% |
| 31 | GALLAGHER ARTHUR J & CO | 363576109 | 613,031 | $158.6M | 0.89% |
| 32 | ABBOTT LABS | ABLZF | 1,245,467 | $156.0M | 0.87% |
| 33 | SOUTHERN CO | SOMN | 1,767,773 | $154.1M | 0.86% |
| 34 | SPROTT INC | SII | 1,515,002 | $148.3M | 0.83% |
| 35 | TENCENT MUSIC ENTMT GROUP | XHLD | 7,808,297 | $136.9M | 0.77% |
| 36 | BWX TECHNOLOGIES INC | BWXT | 772,693 | $133.6M | 0.75% |
| 37 | CACI INTL INC | 127190304 | 246,257 | $131.2M | 0.74% |
| 38 | PROCTER AND GAMBLE CO | 742718109 | 896,693 | $128.5M | 0.72% |
| 39 | VERIZON COMMUNICATIONS INC | VZ | 2,984,875 | $121.6M | 0.68% |
| 40 | HDFC BANK LTD | HDB | 3,187,295 | $116.5M | 0.65% |
| 41 | AMERICAN ELEC PWR CO INC | 025537101 | 976,788 | $112.6M | 0.63% |
| 42 | S&P GLOBAL INC | SPGI | 206,095 | $107.7M | 0.60% |
| 43 | BECTON DICKINSON & CO | BDX | 543,136 | $105.4M | 0.59% |
| 44 | ACCENTURE PLC IRELAND | ACN | 354,552 | $95.1M | 0.53% |
| 45 | AIRBNB INC | ABNB | 667,850 | $90.6M | 0.51% |
| 46 | JOHNSON & JOHNSON | JNJ | 415,882 | $86.1M | 0.48% |
| 47 | DANAHER CORPORATION | 235851102 | 370,579 | $84.8M | 0.48% |
| 48 | ESQUIRE FINL HLDGS INC | 29667J101 | 800,465 | $81.7M | 0.46% |
| 49 | TEXAS INSTRS INC | 882508104 | 456,844 | $79.3M | 0.44% |
| 50 | NETEASE INC | NETTF | 559,896 | $77.1M | 0.43% |
| 51 | NU HLDGS LTD | NU | 4,585,720 | $76.8M | 0.43% |
| 52 | ITT INC | ITT | 422,740 | $73.3M | 0.41% |
| 53 | ELEVANCE HEALTH INC FORMERLY | ELV | 207,095 | $72.6M | 0.41% |
| 54 | BARRETT BUSINESS SVCS INC | 068463108 | 1,964,053 | $71.1M | 0.40% |
| 55 | BIO RAD LABS INC | 090572207 | 233,946 | $70.9M | 0.40% |
| 56 | NIKE INC | NKE | 1,070,117 | $68.2M | 0.38% |
| 57 | NVIDIA CORPORATION | NVDA | 356,928 | $66.6M | 0.37% |
| 58 | ABBVIE INC | ABBV | 261,398 | $59.7M | 0.33% |
| 59 | AAON INC | AAON | 766,207 | $58.4M | 0.33% |
| 60 | TRADEWEB MKTS INC | 892672106 | 531,171 | $57.1M | 0.32% |
| 61 | VERISK ANALYTICS INC | VRSK | 255,201 | $57.1M | 0.32% |
| 62 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 186,670 | $56.7M | 0.32% |
| 63 | NOVANTA INC | NOVTU | 457,160 | $54.4M | 0.30% |
| 64 | UNITEDHEALTH GROUP INC | UNH | 145,241 | $47.9M | 0.27% |
| 65 | INSPERITY INC | NSP | 1,200,192 | $46.5M | 0.26% |
| 66 | COGNEX CORP | CGNX | 1,282,831 | $46.2M | 0.26% |
| 67 | VALVOLINE INC | VVV | 1,547,060 | $45.0M | 0.25% |
| 68 | HERSHEY CO | HSY | 246,199 | $44.8M | 0.25% |
| 69 | ZOETIS INC | ZTS | 354,445 | $44.6M | 0.25% |
| 70 | SHERWIN WILLIAMS CO | SHW | 133,748 | $43.3M | 0.24% |
| 71 | AMETEK INC | AME | 201,078 | $41.3M | 0.23% |
| 72 | DONNELLEY FINL SOLUTIONS INC | 25787G100 | 859,565 | $40.1M | 0.22% |
| 73 | BORGWARNER INC | BWA | 874,457 | $39.4M | 0.22% |
| 74 | INTERACTIVE BROKERS GROUP IN | 45841N107 | 429,818 | $27.6M | 0.15% |
| 75 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 54,833 | $27.6M | 0.15% |
| 76 | MCCORMICK & CO INC | MKC-V | 400,074 | $27.2M | 0.15% |
| 77 | RYAN SPECIALTY HOLDINGS INC | RYAN | 525,172 | $27.1M | 0.15% |
| 78 | KKR & CO INC | KKRT | 206,248 | $26.3M | 0.15% |
| 79 | SHARKNINJA INC | SN | 216,701 | $24.2M | 0.14% |
| 80 | PATHWARD FINANCIAL INC | CASH | 310,623 | $22.1M | 0.12% |
| 81 | ENSIGN GROUP INC | ENSG | 126,186 | $22.0M | 0.12% |
| 82 | ATOUR LIFESTYLE HLDGS LTD | ATAT | 479,543 | $18.9M | 0.11% |
| 83 | LPL FINL HLDGS INC | 50212V100 | 49,606 | $17.7M | 0.10% |
| 84 | RESMED INC | RSMDF | 72,954 | $17.6M | 0.10% |
| 85 | KINSALE CAP GROUP INC | 49714P108 | 34,580 | $13.5M | 0.08% |
| 86 | RB GLOBAL INC | RBA | 121,299 | $12.5M | 0.07% |
| 87 | KLA CORP | KLAC | 9,587 | $11.6M | 0.07% |
| 88 | DORMAN PRODS INC | 258278100 | 91,249 | $11.2M | 0.06% |
| 89 | OPENLANE INC | OPLN | 372,320 | $11.1M | 0.06% |
| 90 | WAYSTAR HLDG CORP | WAY | 337,732 | $11.1M | 0.06% |
| 91 | SHIFT4 PMTS INC | 82452J109 | 169,872 | $10.7M | 0.06% |
| 92 | CARLISLE COS INC | 142339100 | 32,310 | $10.3M | 0.06% |
| 93 | MURPHY USA INC | MUSA | 25,365 | $10.2M | 0.06% |
| 94 | SANDISK CORP | SNDK | 42,908 | $10.2M | 0.06% |
| 95 | LYFT INC | LYFT | 508,078 | $9.8M | 0.06% |
| 96 | ADVANCED DRAIN SYS INC DEL | 00790R104 | 65,373 | $9.5M | 0.05% |
| 97 | MEDLINE INC | MDLN | 225,000 | $9.4M | 0.05% |
| 98 | WARNER MUSIC GROUP CORP | WMG | 295,041 | $9.0M | 0.05% |
| 99 | SPROUTS FMRS MKT INC | 85208M102 | 97,119 | $7.7M | 0.04% |
| 100 | VITAL FARMS INC | VITL | 216,077 | $6.9M | 0.04% |
| 101 | INTERPARFUMS INC | INTR | 76,881 | $6.5M | 0.04% |
| 102 | COMFORT SYS USA INC | 199908104 | 6,497 | $6.1M | 0.03% |
| 103 | ALPHABET INC | GOOG | 19,052 | $6.0M | 0.03% |
| 104 | OREILLY AUTOMOTIVE INC | 67103H107 | 63,620 | $5.8M | 0.03% |
| 105 | EURONET WORLDWIDE INC | EEFT | 75,374 | $5.7M | 0.03% |
| 106 | KASPI KZ JSC | 48581R205 | 72,791 | $5.7M | 0.03% |
| 107 | CBIZ INC | CBZ | 97,223 | $4.9M | 0.03% |
| 108 | ISHARES TR | 46435G334 | 107,855 | $4.7M | 0.03% |
| 109 | MCEWEN INC. | MUX | 249,981 | $4.6M | 0.03% |
| 110 | CSW INDUSTRIALS INC | CSW | 15,173 | $4.5M | 0.02% |
| 111 | BOSTON SCIENTIFIC CORP | BSX | 46,199 | $4.4M | 0.02% |
| 112 | PDD HOLDINGS INC | PDD | 34,390 | $3.9M | 0.02% |
| 113 | VANECK ETF TRUST | 92189F643 | 36,020 | $3.7M | 0.02% |
| 114 | LEGENCE CORP | LGN | 85,338 | $3.7M | 0.02% |
| 115 | BLOCK INC | BSQKZ | 47,043 | $3.1M | 0.02% |
| 116 | OLD DOMINION FREIGHT LINE IN | ODFL | 19,484 | $3.1M | 0.02% |
| 117 | BURFORD CAP LTD | BUR | 249,181 | $2.2M | 0.01% |
| 118 | SELECT SECTOR SPDR TR | 81369Y209 | 10,855 | $1.7M | 0.01% |
| 119 | VERTIV HOLDINGS CO | VRT | 9,143 | $1.5M | 0.01% |
| 120 | ISHARES TR | 464287812 | 16,980 | $1.1M | 0.01% |
| 121 | APPLE INC | AAPL | 3,921 | $1.1M | 0.01% |
| 122 | SEA LTD | SE | 8,123 | $1.0M | 0.01% |
| 123 | VANGUARD INDEX FDS | 922908512 | 1,657 | $293,902 | 0.00% |
| 124 | ROYAL BK CDA | 780087102 | 1,495 | $254,883 | 0.00% |
| 125 | ELI LILLY & CO | LLY | 235 | $252,550 | 0.00% |