SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Waverton Investment Management Ltd

CIK 0001344114 · 16 BABMAES STREET, LONDON, X0, SW1Y 6AH · 00 44 207484 7484

Reported Value
$4.1B
Q4 2023
Positions
96
Filings on Record
30
2019–present window
Filed
Feb 9, 2024
original filing

Summary

Waverton Investment Management Ltd reported $4.1B in U.S.-listed holdings across 96 positions for Q4 2023.

Its largest position, MSFT, represents 6.9% of the portfolio.

Compared with Q3 2023, the fund opened 26 new positions and exited 2.

Portfolio Metrics

Turnover
+1.6%
vs prior filed quarter
Top-10 Concentration
+48.3%
share of reported value
Largest Position
+6.9%
Microsoft Corporation Com US 0 00000625
New / Exited
26 / 2
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $1.6BQ4 ’18Q1 ’19: $1.9BQ2 ’19: $2.0BQ3 ’19: $2.0BQ4 ’19: $1.9BQ4 ’19Q1 ’20: $1.5BQ2 ’20: $1.8BQ3 ’20: $2.0BQ4 ’20: $2.2BQ4 ’20Q1 ’21: $2.3BQ2 ’21: $2.6BQ3 ’21: $2.5BQ4 ’21: $3.2BQ4 ’21Q1 ’22: $3.0BQ2 ’22: $2.6BQ3 ’22: $2.4BQ2 ’23: $3.5BQ2 ’23Q3 ’23: $3.5BQ4 ’23: $4.1BQ1 ’24: $4.8BQ2 ’24: $5.3BQ2 ’24Q3 ’24: $6.1BQ4 ’24: $6.3BQ1 ’25: $6.5BQ2 ’25: $7.3BQ2 ’25Q3 ’25: $7.8BQ4 ’25: $0filingsflow.com

Portfolio Composition

By security type
Common Stock: 86.6%Other: 9.7%ADR: 2.1%ETP: 0.9%REIT: 0.8%
  • Common Stock · 86.6% · $3.6B
  • Other · 9.7% · $398M
  • ADR · 2.1% · $88M
  • ETP · 0.9% · $36M
  • REIT · 0.8% · $31M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
URIUnited Rentals Inc Com US$0.01NEW+212.5K212.5K+$122M$122M
TPLTexas Pacific Land Corporation (TPL) $0.01NEW+3.4K3.4K+$5M$5M
NVDANvidia Corporation US$0.001NEW+3.7K3.7K+$2M$2M
FNVFranco Nevada Corp Com NpvNEW+11.9K11.9K+$1M$1M
LMTLockheed Martin Corp Com US$1.00NEW+2.5K2.5K+$1M$1M
ADIAnalog Devices Inc Com US$0.16NEW+5.5K5.5K+$1M$1M
DHRDanaher Corp. US$0.01NEW+4.6K4.6K+$1M$1M
iShares Trust S&P 500 Index FundNEW+1.7K1.7K+$804,697$804,697

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosoft Corporation Com US$0.00000625history →COM6.88%$283M753.5K
2VVisa Inc Com Stock US$0.0001history →COM CL A5.23%$216M827.2K
3GOOGLAlphabet Inc US$0.001 'A'history →CAP STK CL A4.90%$202M1.45M
4AMZNAmazon.com Inc Com US$0.01history →COM4.80%$198M1.30M
5UNHUnitedHealth Group Com US$0.01history →COM4.67%$192M365.0K
6AMDAdvanced Micro Deviceshistory →COM4.66%$192M1.30M
7Linde Plc ComSHS4.63%$191M464.6K
8CMECME Group Inc Com US$0.01 'A'history →COM4.26%$175M832.2K
9MRSHMarsh & McLennan Cos Inc Com US$1.00history →COM4.16%$171M904.7K
10AXPAmerican Express Co Com US$0.20history →COM4.08%$168M896.6K
11TE Connectivity Ltd Com CHF1.37SHS4.07%$168M1.19M
12INTUIntuit Inc Com US$0.01history →COM4.05%$167M266.8K
13QCOMQualcomm Inc Com US$0.0001history →COM3.78%$155M1.07M
14COSTCostco Wholesale Corp Com Stock US$0.005history →COM3.69%$152M230.2K
15IBMIBM Com US$0.20history →COM3.66%$151M921.6K
16TMOThermo Fisher Scientific COM US$1history →COM3.56%$147M276.3K
17URIUnited Rentals Inc Com US$0.01history →COM2.96%$122M212.5K
18SNPSSynopsys Inc US$0.01history →COM2.34%$96M186.8K
19TMUST-Mobile US Inchistory →COM2.28%$94M584.7K
20SLBSchlumberger Com US$0.01history →COM STK1.94%$80M1.54M
21TSMTaiwan Semiconductor Manufacturing ADS Rep 5 Ord TW$10history →SPONSORED ADS1.78%$73M704.6K
22AAPLApple Inc Comhistory →COM1.75%$72M375.2K
23JPMJP Morgan Chase Com US$1 (US quote)history →COM1.26%$52M304.4K
24AIGAmerican International Group Inc Com US$2.50history →COM NEW0.93%$38M565.1K
25VMCVulcan Materials Com $1history →COM0.88%$36M159.9K
26KOCoca-Cola Com US$0.25history →COM0.88%$36M612.2K
27ZTSZoetis Inc Com US$0.01 'A'history →CL A0.80%$33M167.1K
28Valaris LtdCL A0.77%$32M463.8K
29HCAHCA Healthcare Inchistory →COM0.76%$31M116.3K
30PLDPrologis, Inc.history →COM0.75%$31M232.1K
31MLB1Mercadolibre Inc Com US$0.001history →COM0.73%$30M19.3K
32BRK/BBerkshire Hathaway 'B' Com US$0.1667history →CL B NEW0.73%$30M84.4K
33CMICummins Inc $2.50history →COM0.63%$26M107.7K
34AWCAmerican Water Works Company Inc US$0.01history →COM0.59%$24M184.2K
35YUMCYum China Holdings Inc. US$0.01history →COM0.51%$21M494.3K
36ORLYO'Reilly Automotive Inc New $0.01history →COM0.50%$21M21.7K
37LNGCheniere Energy, Inchistory →COM NEW0.50%$21M120.3K
38PEPPepsico Inc Cap Stock US$0.0166history →COM0.47%$19M113.7K
39DHID.R. Horton Inc Com US$0.01history →COM0.43%$18M117.1K
40Abrdn Physical Gold Shares ETFPHYSCL SWISS GLD0.32%$13M666.4K
41GQ9SPDR Gold Trust Shareshistory →GOLD SHS0.28%$11M59.9K
42PWRQuanta Services, Inchistory →COM0.26%$11M50.1K
43BABAAlibaba Group Holdings Ltd Sponsored ADRSPONSORED ADS0.20%$8M106.9K
44CHVChevron Corporation Com US$0.75COM0.19%$8M53.6K
45GOOGAlphabet Inc US$0.001 'C'CAP STK CL C0.18%$8M53.8K
46FFC0Oaktree Specialty Com USD 0.01COM0.17%$7M334.8K
47HDHome Depot Inc Com US$0.05COM0.14%$6M16.7K
48INFYInfosys Ltd ADR Each Rep 1 Ord SharesSPONSORED ADR0.14%$6M306.9K
49TPLTexas Pacific Land Corporation (TPL) $0.01COM0.13%$5M3.4K
50SPGIS&P Global IncCOM0.13%$5M12.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2025$01Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$7.8B101Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$7.3B105Aug 6, 202513F-HRchanges · EDGAR ↗
Q1 2025$6.5B102Apr 24, 202513F-HRchanges · EDGAR ↗
Q4 2024$6.3B101Feb 4, 202513F-HRchanges · EDGAR ↗
Q3 2024$6.1B98Nov 5, 202413F-HRchanges · EDGAR ↗
Q2 2024$5.3B94Aug 5, 202413F-HRchanges · EDGAR ↗
Q1 2024$4.8B94May 8, 202413F-HRchanges · EDGAR ↗
Q4 2023$4.1B96Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$3.5B72Nov 6, 202313F-HRchanges · EDGAR ↗
Q2 2023$3.5B73Aug 2, 202313F-HRchanges · EDGAR ↗
Q1 2023Under review81Apr 27, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review79Feb 2, 202313F-HRchanges · EDGAR ↗
Q3 2022$2.4B79Oct 19, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.6B76Jul 13, 202213F-HRchanges · EDGAR ↗
Q1 2022$3.0B74Apr 26, 202213F-HRchanges · EDGAR ↗
Q4 2021$3.2B68Feb 7, 202213F-HRchanges · EDGAR ↗
Q3 2021$2.5B52Oct 18, 202113F-HRchanges · EDGAR ↗
Q2 2021$2.6B52Aug 2, 202113F-HRchanges · EDGAR ↗
Q1 2021$2.3B53Apr 27, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.2B54Jan 22, 202113F-HRchanges · EDGAR ↗
Q3 2020$2.0B52Oct 28, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.8B51Jul 16, 202013F-HRchanges · EDGAR ↗
Q1 2020$1.5B47Apr 30, 202013F-HRchanges · EDGAR ↗
Q4 2019$1.9B46Jan 23, 2020RESTATEMENTchanges · EDGAR ↗
Q3 2019$2.0B76Oct 29, 201913F-HRchanges · EDGAR ↗
Q2 2019$2.0B78Jul 17, 201913F-HRchanges · EDGAR ↗
Q1 2019$1.9B74Apr 18, 201913F-HRchanges · EDGAR ↗
Q4 2018$1.6B72Jan 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.