13F
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Findlay Park Partners LLP

13F equity value
$7.2B
Positions
56
Top 10 concentration
32.9%
Quarters / total new picks
28 / 89
13F equity value over time
$0M$7B$15B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 28 quarters, returned +5.0% per quarter — versus +2.9% per quarter from simply owning every 13F stock. It beat that baseline in only 53.6% of quarters (excess t = 0.87, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+1.7%
t-stat
0.87
Quarterly win rate
54%
Annualized excess
+5.6%
$1 → follow vs universe
$2.78 vs $1.97
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320181231: universe 0.99220190331: universe 0.97520190630: universe 1.04820190930: universe 1.12720191231: universe 0.90920200331: universe 1.09620200630: universe 1.21120200930: universe 1.48520201231: universe 1.55320210331: universe 1.56620210630: universe 1.69220210930: universe 1.51920211231: universe 1.29220220930: universe 1.38820221231: universe 1.28920230331: universe 1.35820230630: universe 1.31020230930: universe 1.48720231231: universe 1.55320240331: universe 1.58820240630: universe 1.73220240930: universe 1.71720241231: universe 1.60320250331: universe 1.74720250930: universe 1.965 20180331: follow 1.01220180630: follow 0.92820180930: follow 1.03820181231: follow 1.09720190331: follow 0.99020190630: follow 1.01220190930: follow 0.96820191231: follow 0.80820200331: follow 0.94420200630: follow 1.13420200930: follow 1.41120201231: follow 1.55920210331: follow 1.85020210630: follow 2.08220210930: follow 1.73720211231: follow 1.11020220930: follow 1.15920221231: follow 1.04320230331: follow 1.09620230630: follow 1.15720230930: follow 1.38120231231: follow 1.50220240331: follow 1.75320240630: follow 2.15520240930: follow 1.91320241231: follow 1.87520250331: follow 1.84720250930: follow 2.784 0.74 1.87 3.01 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 56 · 2026 Q1

Ticker Value Weight QoQ
ITT $269M
3.8%
ADD
EOG $257M
3.6%
ADD
APG $242M
3.4%
TRIM
TDY $239M
3.3%
ADD
BRK/B $232M
3.2%
ADD
XPO $231M
3.2%
TRIM
CRH $230M
3.2%
ADD
TXN $230M
3.2%
TRIM
COP $223M
3.1%
ADD
KEYS $209M
2.9%
ADD
CNI $194M
2.7%
ADD
CP $182M
2.5%
TRIM
FWONK $163M
2.3%
TRIM
WWD $162M
2.3%
TRIM
LYV $156M
2.2%
TRIM
BDX $155M
2.2%
NEW
A $155M
2.2%
ADD
WST $155M
2.1%
TRIM
INTU $154M
2.1%
TRIM
DHR $152M
2.1%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

BDXCNMSAROSLBWH

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.