Mawer Investment Management
Mawer teamCALGARY, A0files as Mawer Investment Management Ltd.
$14.7bn in 142 US stocks at the end of 30 June 2026. The top 10 are 39.5% of the money. It changed about 14.2% of the portfolio this quarter.
Value
$14.7bn
Stocks
142
Top 10 share
39.5%
Turnover
14.2%
What changed this quarter
New
Bought for the first time this quarter.
- Valmont IndustriesVMI0.4% of the fund
- SK TelecomSKM0.4% of the fund
- BroadcomAVGO0.3% of the fund
- ServiceNowNOW0.2% of the fund
- FormfactorFORM0.2% of the fund
- Wesco InternationalWCC0.2% of the fund
- AutodeskADSK0.2% of the fund
- RXORXO0.1% of the fund
- TeradyneTER0.1% of the fund
- XpelXPEL0.1% of the fund
- Global-E OnlineGLBE<0.1% of the fund
- MaplebearCART<0.1% of the fund
- Twist BioscienceTWST<0.1% of the fund
- Floor & Decor HoldingsFND<0.1% of the fund
- BBB FoodsTBBB<0.1% of the fund
- MaterionMTRN<0.1% of the fund
- Lockheed MartinLMT<0.1% of the fund
- PAR Pacific HoldingsPARR<0.1% of the fund
- PegasystemsPEGA<0.1% of the fund
- Vista Energy S.A.B. de C.V.VIST<0.1% of the fund
- Generac HoldingsGNRC<0.1% of the fund
- Hamilton LaneHLNE<0.1% of the fund
- Karat PackagingKRT<0.1% of the fund
- Ishares TRIVV<0.1% of the fund
- Toronto Dominion BankTD<0.1% of the fund
Added
Bought more of a stock they already held.
- ShellSHEL4.2% of the fund+13%
- NvidiaNVDA4.2% of the fund+224%
- CencoraCOR2.9% of the fund+44%
- American Electric PowerAEP2.1% of the fund+71%
- Tower SemiconductorTSEM1.8% of the fund+8%
- S&P GlobalSPGI1.2% of the fund+12%
- MckessonMCK0.9% of the fund+111%
- Texas InstrumentsTXN0.9% of the fund+2%
- AbbVieABBV0.7% of the fund+39%
- NovantaNOVT0.7% of the fund+22%
- CognexCGNX0.6% of the fund+10%
- Verisk AnalyticsVRSK0.6% of the fund+63%
- Veeva SystemsVEEV0.4% of the fund+6369%
- Lumentum HoldingsLITE0.3% of the fund+549%
- HersheyHSY0.3% of the fund+5%
- InterparfumsIPAR0.3% of the fund+24%
- MedlineMDLN0.2% of the fund+129%
- KLAKLAC0.2% of the fund+13%
- Vertiv HoldingsVRT0.2% of the fund+120%
- Atour Lifestyle HldgsATAT0.2% of the fund+16%
- LPL Financial HoldingsLPLA0.1% of the fund+32%
- ResmedRMD0.1% of the fund+6%
- Sprouts Farmers MarketSFM0.1% of the fund+49%
- Advanced Drainage SystemsWMS<0.1% of the fund+69%
- Comfort Systems USAFIX<0.1% of the fund+26%
Cut
Sold some of their stake.
- AlphabetGOOG6.4% of the fund-18%
- Amazon.comAMZN4.9% of the fund-17%
- MicrosoftMSFT4.3% of the fund-27%
- VisaV4.0% of the fund-11%
- WatersWAT3.1% of the fund-13%
- AmphenolAPH2.8% of the fund-41%
- AonAON2.6% of the fund-8%
- AerCap HoldingsAER2.4% of the fund-10%
- Wells Fargo & CompanyWFC2.4% of the fund-10%
- Northrop GrummanNOC2.3% of the fund-2%
- Marsh & McLennan CompaniesMRSH2.1% of the fund-46%
- Berkshire Hathaway INC DELBRK-A2.1% of the fund-18%
- Meta PlatformsMETA2.1% of the fund-11%
- JPMorgan ChaseJPM2.1% of the fund-17%
- Southern CompanySO2.0% of the fund-12%
- Intercontinental ExchangeICE1.7% of the fund-2%
- MastercardMA1.5% of the fund-4%
- CME GroupCME1.4% of the fund-7%
- SprottSII1.0% of the fund-2%
- Uber TechnologiesUBER1.0% of the fund-10%
- Medpace HoldingsMEDP1.0% of the fund-40%
- Martin Marietta MaterialsMLM0.9% of the fund-6%
- BWX TechnologiesBWXT0.9% of the fund-6%
- CDWCDW0.9% of the fund-10%
- Booking HoldingsBKNG0.9% of the fund-48%
Sold out
Sold their entire stake.
- OSI SystemsOSIS-100%
- Netease.comNTES-100%
- Ensign GroupENSG-100%
- McCormickMKC-100%
- Warner Music GroupWMG-100%
- LegenceLGN-100%
- Joint Stock Co Kaspi.kzKSPI-100%
- PDD HoldingsPDD-100%
- Chord EnergyCHRD-100%
- O'Reilly AutomotiveORLY-100%
- Murphy USAMUSA-100%
- EOG ResourcesEOG-100%
Holdings
- ShellSHEL
- Share
- 4.2%
- Value
- $621m
- Shares
- 8,013,792
+13%
- Berkshire Hathaway INC DELBRK-A
- Share
- 2.1%
- Value
- $311m
- Shares
- 415
-18%
- SprottSII
- Share
- 1.0%
- Value
- $148m
- Shares
- 1,320,706
-2%
- Tencent Music Entmt GroupTME
- Share
- 0.4%
- Value
- $52m
- Shares
- 6,202,845
-14%
- Atour Lifestyle HldgsATAT
- Share
- 0.2%
- Value
- $24m
- Shares
- 752,258
+16%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AlphabetGOOG | 6.4% | $948m | 2,682,081 | -18% |
| Amazon.comAMZN | 4.9% | $722m | 3,028,097 | -17% |
| MicrosoftMSFT | 4.3% | $627m | 1,679,876 | -27% |
| ShellSHEL | 4.2% | $621m | 8,013,792 | +13% |
| NvidiaNVDA | 4.2% | $616m | 3,078,576 | +224% |
| VisaV | 4.0% | $594m | 1,730,185 | -11% |
| WatersWAT | 3.1% | $456m | 1,216,947 | -13% |
| CencoraCOR | 2.9% | $421m | 1,488,843 | +44% |
| AmphenolAPH | 2.8% | $416m | 2,358,285 | -41% |
| AonAON | 2.6% | $389m | 1,171,624 | -8% |
| AerCap HoldingsAER | 2.4% | $353m | 2,420,238 | -10% |
| Wells Fargo & CompanyWFC | 2.4% | $347m | 4,195,116 | -10% |
| Northrop GrummanNOC | 2.3% | $340m | 667,069 | -2% |
| American Electric PowerAEP | 2.1% | $312m | 2,283,858 | +71% |
| Marsh & McLennan CompaniesMRSH | 2.1% | $312m | 1,871,159 | -46% |
| Berkshire Hathaway INC DELBRK-A | 2.1% | $311m | 415 | -18% |
| Meta PlatformsMETA | 2.1% | $307m | 545,687 | -11% |
| JPMorgan ChaseJPM | 2.1% | $304m | 927,802 | -17% |
| Southern CompanySO | 2.0% | $289m | 3,023,312 | -12% |
| Tower SemiconductorTSEM | 1.8% | $271m | 1,038,086 | +8% |
| Intercontinental ExchangeICE | 1.7% | $250m | 2,031,582 | -2% |
| MastercardMA | 1.5% | $223m | 434,186 | -4% |
| CME GroupCME | 1.4% | $211m | 955,942 | -7% |
| S&P GlobalSPGI | 1.2% | $175m | 428,573 | +12% |
| SprottSII | 1.0% | $148m | 1,320,706 | -2% |
| Uber TechnologiesUBER | 1.0% | $143m | 1,983,808 | -10% |
| Medpace HoldingsMEDP | 1.0% | $141m | 267,175 | -40% |
| Martin Marietta MaterialsMLM | 0.9% | $139m | 241,545 | -6% |
| MckessonMCK | 0.9% | $136m | 180,449 | +111% |
| BWX TechnologiesBWXT | 0.9% | $134m | 689,750 | -6% |
| CDWCDW | 0.9% | $134m | 949,381 | -10% |
| Texas InstrumentsTXN | 0.9% | $133m | 447,181 | +2% |
| Booking HoldingsBKNG | 0.9% | $132m | 740,483 | -48% |
| CorpayCPAY | 0.8% | $123m | 367,757 | -28% |
| Arthur J. GallagherAJG | 0.8% | $117m | 510,025 | -12% |
| Procter & GamblePG | 0.8% | $115m | 784,529 | -8% |
| FTI ConsultingFCN | 0.7% | $110m | 736,868 | -44% |
| AbbVieABBV | 0.7% | $109m | 431,246 | +39% |
| AaonAAON | 0.7% | $108m | 855,173 | Held |
| Abbott LaboratoriesABT | 0.7% | $108m | 1,186,677 | -5% |
| AirbnbABNB | 0.7% | $107m | 746,819 | -13% |
| Caci InternationalCACI | 0.7% | $104m | 224,720 | Held |
| NovantaNOVT | 0.7% | $96m | 589,573 | +22% |
| Nu HoldingsNU | 0.6% | $96m | 7,155,847 | -7% |
| CognexCGNX | 0.6% | $95m | 1,305,175 | +10% |
| ITTITT | 0.6% | $84m | 422,873 | -7% |
| Verisk AnalyticsVRSK | 0.6% | $83m | 464,286 | +63% |
| Johnson & JohnsonJNJ | 0.6% | $82m | 322,477 | -11% |
| Elevance HealthELV | 0.5% | $72m | 187,293 | Held |
| Verizon CommunicationsVZ | 0.5% | $71m | 1,676,590 | -39% |
| Esquire Financial HoldingsESQ | 0.5% | $70m | 583,871 | -19% |
| HDFC BankHDB | 0.5% | $68m | 2,624,709 | -2% |
| Valmont IndustriesVMI | 0.4% | $66m | 114,118 | New |
| Veeva SystemsVEEV | 0.4% | $63m | 355,389 | +6369% |
| DanaherDHR | 0.4% | $61m | 319,583 | -6% |
| Tradeweb MarketsTW | 0.4% | $58m | 579,425 | -8% |
| Taiwan Semiconductor ManufacturingTSM | 0.4% | $57m | 120,328 | -10% |
| SK TelecomSKM | 0.4% | $55m | 1,708,146 | New |
| UnitedHealth GroupUNH | 0.4% | $54m | 129,954 | -11% |
| Tencent Music Entmt GroupTME | 0.4% | $52m | 6,202,845 | -14% |
| Lumentum HoldingsLITE | 0.3% | $49m | 57,680 | +549% |
| HersheyHSY | 0.3% | $49m | 278,385 | +5% |
| BroadcomAVGO | 0.3% | $48m | 128,290 | New |
| Barrett Business ServicesBBSI | 0.3% | $44m | 1,230,575 | -28% |
| InterparfumsIPAR | 0.3% | $43m | 386,090 | +24% |
| OpenlaneOPLN | 0.3% | $41m | 1,000,262 | -8% |
| NikeNKE | 0.3% | $39m | 950,036 | -11% |
| SandiskSNDK | 0.3% | $39m | 17,110 | -44% |
| AmetekAME | 0.2% | $36m | 147,117 | -26% |
| Dorman ProductsDORM | 0.2% | $35m | 257,897 | Held |
| Becton DickinsonBDX | 0.2% | $35m | 231,895 | -35% |
| Ferguson EnterprisesFERG | 0.2% | $34m | 144,782 | -78% |
| ServiceNowNOW | 0.2% | $33m | 337,344 | New |
| MedlineMDLN | 0.2% | $33m | 840,566 | +129% |
| FormfactorFORM | 0.2% | $32m | 202,824 | New |
| KLAKLAC | 0.2% | $32m | 106,797 | +13% |
| Wesco InternationalWCC | 0.2% | $26m | 74,616 | New |
| Berkshire HathawayBRK-B | 0.2% | $25m | 50,850 | -7% |
| AutodeskADSK | 0.2% | $25m | 130,248 | New |
| AptargroupATR | 0.2% | $24m | 193,292 | -71% |
| Vertiv HoldingsVRT | 0.2% | $24m | 72,028 | +120% |
| Atour Lifestyle HldgsATAT | 0.2% | $24m | 752,258 | +16% |
| Pathward FinancialCASH | 0.2% | $24m | 271,655 | Held |
| Boston ScientificBSX | 0.2% | $23m | 530,533 | -10% |
| Bio-Rad LaboratoriesBIO | 0.1% | $21m | 71,577 | -62% |
| SharkNinjaSN | 0.1% | $20m | 129,084 | -29% |
| BorgwarnerBWA | 0.1% | $20m | 295,797 | -65% |
| Interactive Brokers GroupIBKR | 0.1% | $19m | 223,262 | -40% |
| ZoetisZTS | 0.1% | $18m | 257,185 | -66% |
| RXORXO | 0.1% | $18m | 657,345 | New |
| LPL Financial HoldingsLPLA | 0.1% | $18m | 64,243 | +32% |
| Ryan Specialty HoldingsRYAN | 0.1% | $18m | 469,919 | -6% |
| TeradyneTER | 0.1% | $17m | 35,997 | New |
| ResmedRMD | 0.1% | $17m | 89,367 | +6% |
| KKRKKR | 0.1% | $17m | 189,608 | -10% |
| Kinsale Capital GroupKNSL | 0.1% | $17m | 52,521 | -12% |
| Sherwin-WilliamsSHW | 0.1% | $17m | 48,595 | -53% |
| Sprouts Farmers MarketSFM | 0.1% | $16m | 185,380 | +49% |
| XpelXPEL | 0.1% | $15m | 310,200 | New |
| Donnelley Financial SolutionsDFIN | <0.1% | $15m | 347,156 | -18% |
Showing the largest 100 of 142.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 25.4% since 30 June 2025.
Where the money is
Financial services24.7%
Technology21.7%
Health care12.7%
Industrials9.6%
Media & telecom9.4%
Retail & consumer7.8%
Utilities4.1%
Materials1.7%
Everyday goods1.4%
Energy0.1%
Other6.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.