Q2 2026 13F · SEC CIK 1538449

Mawer Investment Management Ltd.

Hedge fundFiled 2026-08-07 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $14.7B
Reported positions: 142
Top holdings a year, 3 yrs: +6.0%
Assets under management: $40.9B

Mawer Investment Management Ltd. is a hedge fund that reported 142 positions worth $14.7B in its Q2 2026 13F, filed 2026-08-07. Its largest holdings were Alphabet Inc (GOOG, 6.4%), Amazon Com Inc Com (AMZN, 4.9%), Microsoft Corp (MSFT, 4.3%). A portfolio copying its top holdings returned 6.0% a year over the last 3 years, against 20.4% for the S&P 500.

Mawer Investment Management Ltd. holdings largest 50 of 142 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Mawer Investment Management Ltd. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
GOOGAlphabet Inc	6.4%	6.1%	2,682,081	-17.9%	$947.7M
AMZNAmazon Com Inc Com	4.9%	4.9%	3,028,097	-17.0%	$721.7M
MSFTMicrosoft Corp	4.3%	5.5%	1,679,876	-27.4%	$626.6M
SHELShell PLC	4.2%	4.3%	8,013,792	+12.5%	$621.4M
NVDANvidia Corporation Com	4.2%	1.1%	3,078,576	+223.5%	$616.0M
VVisa Inc Com Cl A	4.0%	3.8%	1,730,185	-10.7%	$593.6M
WATWaters Corp.	3.1%	2.7%	1,216,947	-13.3%	$456.4M
CORCencora Inc Com	2.9%	2.1%	1,488,843	+44.4%	$421.3M
APHAmphenol Corp	2.8%	3.3%	2,358,285	-40.8%	$415.8M
AONAon PLC	2.6%	2.7%	1,171,624	-8.3%	$388.6M
AERAercap Holdings NV	2.4%	2.4%	2,420,238	-9.7%	$352.8M
WFCWells Fargo Co New	2.4%	2.4%	4,195,116	-10.2%	$346.7M
NOCNorthrop Grumman Corp	2.3%	3.0%	667,069	-2.4%	$339.7M
AEPAmerican Elec Pwr Co Inc	2.1%	1.1%	2,283,858	+71.1%	$312.5M
MRSHMarsh	2.1%	3.9%	1,871,159	-46.2%	$311.9M
BRK-ABerkshire Hathaway Inc Del	2.1%	2.4%	415	-18.5%	$310.8M
METAMeta Platforms Inc Class A	2.1%	2.3%	545,687	-11.0%	$307.4M
JPMJpmorgan Chase & Co	2.1%	2.1%	927,802	-16.7%	$303.7M
SOSouthern Co.	2.0%	2.1%	3,023,312	-11.6%	$289.4M
TSEMTower Semiconductor Ltd	1.8%	1.1%	1,038,086	+7.6%	$270.6M
ICEIntercontinental Exchange in	1.7%	2.1%	2,031,582	-2.4%	$250.1M
MAMastercard Inc.	1.5%	1.5%	434,186	-4.0%	$223.0M
CMECme Group Inc	1.4%	2.0%	955,942	-7.3%	$211.1M
SPGIS&P Global Inc.	1.2%	1.1%	428,573	+11.9%	$174.5M
SIISprott Inc	1.0%	1.3%	1,320,706	-2.3%	$148.4M
UBERUber Technologies Inc	1.0%	1.0%	1,983,808	-10.4%	$143.2M
MEDPMedpace Hldgs Inc	1.0%	1.4%	267,175	-40.1%	$141.5M
MLMMartin Marietta Matls Inc	0.9%	1.0%	241,545	-5.5%	$139.3M
MCKMckesson Corp Com	0.9%	0.5%	180,449	+110.6%	$136.3M
BWXTBwx Technologies Inc	0.9%	1.0%	689,750	-6.0%	$134.3M
CDWCdw Corp	0.9%	0.8%	949,381	-9.7%	$133.5M
TXNTexas Instruments Inc	0.9%	0.6%	447,181	+2.2%	$133.3M
BKNGBooking Holdings Inc Com	0.9%	1.5%	740,483	+1205.9%	$132.0M
CPAYCorpay Inc	0.8%	1.0%	367,757	-28.4%	$122.6M
AJGGallagher Arthur J & Co	0.8%	0.8%	510,025	-12.3%	$117.1M
PGProcter & Gamble Co Com	0.8%	0.8%	784,529	-7.8%	$115.0M
FCNFti Consulting Inc.	0.7%	1.5%	736,868	-43.8%	$109.8M
ABBVAbbvie Inc	0.7%	—	431,246	—	$108.5M
AAONAaon Inc	0.7%	—	855,173	—	$108.5M
ABTAbbott Laboratories	0.7%	0.8%	1,186,677	-5.3%	$107.7M
ABNBAirbnb Inc	0.7%	0.7%	746,819	-12.7%	$106.9M
CACICaci Intl Inc	0.7%	0.8%	224,720	+0.2%	$104.1M
NOVTNovanta Inc	0.7%	—	589,573	—	$95.7M
NUNu Hldgs Ltd	0.7%	0.7%	7,155,847	-7.1%	$95.6M
CGNXCognex Corp	0.6%	—	1,305,175	—	$94.5M
ITTItt Inc	0.6%	0.6%	422,873	-6.9%	$83.6M
VRSKVerisk Analytics Inc	0.6%	—	464,286	—	$83.4M
JNJJohnson & Johnson	0.6%	0.6%	322,477	-10.9%	$81.9M
ELVElevance Health Inc Formerly	0.5%	—	187,293	—	$72.4M
VZVerizon Communications Inc Com	0.5%	0.9%	1,676,590	-38.6%	$71.0M

What Mawer Investment Management Ltd. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

BKNG Booking Holdings Inc Com+1205.9% shares
NVDA Nvidia Corporation Com+223.5% shares
MCK Mckesson Corp Com+110.6% shares
AEP American Elec Pwr Co Inc+71.1% shares
COR Cencora Inc Com+44.4% shares
SHEL Shell PLC+12.5% shares
SPGI S&P Global Inc.+11.9% shares
TSEM Tower Semiconductor Ltd+7.6% shares

Reduced

MRSH Marsh-46.2% shares
FCN Fti Consulting Inc.-43.8% shares
APH Amphenol Corp-40.8% shares
MEDP Medpace Hldgs Inc-40.1% shares
VZ Verizon Communications Inc Com-38.6% shares
CPAY Corpay Inc-28.4% shares
MSFT Microsoft Corp-27.4% shares
BRK-A Berkshire Hathaway Inc Del-18.5% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +5.6% /yr; S&P 500 +20.1%
3 years: +6.0% /yr; S&P 500 +20.4%
5 years: +4.4% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$14.7B	142
Q1 2026	$15.4B	126
Q4 2025	$17.9B	125
Q3 2025	$19.3B	110
Q2 2025	$19.7B	110
Q1 2025	$20.7B	105
Q4 2024	$22.0B	100
Q3 2024	$21.9B	101
Q2 2024	$21.1B	105
Q1 2024	$21.6B	105
Q4 2023	$19.5B	107
Q3 2023	$18.7B	104

Questions about Mawer Investment Management Ltd.'s portfolio

What stocks does Mawer Investment Management Ltd. own?

Mawer Investment Management Ltd.'s latest 13F, for Q2 2026 and filed Aug 7, 2026, lists 142 positions worth $14.7B. The largest are Alphabet Inc (GOOG) at 6.4%, Amazon Com Inc Com (AMZN) at 4.9%, Microsoft Corp (MSFT) at 4.3%, Shell PLC (SHEL) at 4.2% and Nvidia Corporation Com (NVDA) at 4.2%.

What did Mawer Investment Management Ltd. buy last quarter?

In Q2 2026, Mawer Investment Management Ltd. added Booking Holdings Inc Com (BKNG) (+1205.9% shares), Nvidia Corporation Com (NVDA) (+223.5% shares) and Mckesson Corp Com (MCK) (+110.6% shares), compared with its Q1 2026 filing.

What did Mawer Investment Management Ltd. sell last quarter?

In Q2 2026, Mawer Investment Management Ltd. cut from its top 50 OSI Systems Inc (OSIS), cut from its top 50 Ferguson Enterprises Inc (FERG), cut from its top 50 Zoetis Inc (ZTS), cut from its top 50 Aptargroup Inc (ATR), cut from its top 50 Esquire Finl Hldgs Inc (ESQ), Marsh (MRSH) (-46.2% shares), Fti Consulting Inc. (FCN) (-43.8% shares) and Amphenol Corp (APH) (-40.8% shares), compared with its Q1 2026 filing.

How has Mawer Investment Management Ltd.'s portfolio performed?

A portfolio copying Mawer Investment Management Ltd.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +6.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +5.6% against +20.1%. Over 5 years: +4.4% a year against +11.6%.

When is Mawer Investment Management Ltd.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Mawer Investment Management Ltd.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Mawer Investment Management Ltd. manage?

Mawer Investment Management Ltd. reported $40.9B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $14.7B.