Findlay Park Partners LLP Diversified Active

CIK: 0001351950 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $7,837,230 (100.0% shares, 0.0% debt)

Holdings (57)

New Positions (1)

Value ($000) $2,559 Shares 30,774 Est. Cost $85.87 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLYVK	LIBERTY LIVE HOLDINGS INC	30,774	$2,559	0.0%	$85.87	0.0%	COM SHS SER C	530909308

Increased Positions (4)

WWD WOODWARD INC 2.6%

Value ($000) $207,452 (+182.6%) Shares 686,200 (+136.2%) Est. Cost $263.38 Unrealized +4.3%

ITT ITT INC 2.7%

Value ($000) $213,574 (+58.4%) Shares 1,230,902 (+63.2%) Est. Cost $158.43 Unrealized +13.1%

TXN TEXAS INSTRS INC 2.9%

Value ($000) $229,203 (+6.0%) Shares 1,321,131 (+12.3%) Est. Cost $169.36 Unrealized +0.8%

TDY TELEDYNE TECHNOLOGIES INC 1.6%

Value ($000) $129,204 (+6.5%) Shares 252,979 (+22.2%) Est. Cost $426.24 Unrealized +23.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WWD	WOODWARD INC	686,200 (+136.2%)	$207,452 (+182.6%)	2.6%	$263.38	+4.3%	COM	980745103
ITT	ITT INC	1,230,902 (+63.2%)	$213,574 (+58.4%)	2.7%	$158.43	+13.1%	COM	45073V108
TXN	TEXAS INSTRS INC	1,321,131 (+12.3%)	$229,203 (+6.0%)	2.9%	$169.36	+0.8%	COM	882508104
TDY	TELEDYNE TECHNOLOGIES INC	252,979 (+22.2%)	$129,204 (+6.5%)	1.6%	$426.24	+23.6%	COM	879360105

Exited Positions (1)

— LIBERTY MEDIA CORP DEL 0.0%

Value ($000) $3,498 Shares 36,074 Est. Cost $32.58 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	LIBERTY MEDIA CORP DEL	36,074	$3,498	0.0%	$32.58	—	—	531229722

Decreased Positions (51)

MSFT MICROSOFT CORP 2.1%

Value ($000) $160,963 (-62.5%) Shares 332,830 (-59.9%) Est. Cost $136.47 Unrealized +266.8%

LYV LIVE NATION ENTERTAINMENT IN 2.6%

Value ($000) $203,932 (-38.3%) Shares 1,431,100 (-29.2%) Est. Cost $86.86 Unrealized +65.5%

KLAC KLA CORP 0.5%

Value ($000) $36,819 (-75.9%) Shares 30,302 (-78.6%) Est. Cost $510.68 Unrealized +129.5%

FWONK LIBERTY MEDIA CORP DEL 2.5%

Value ($000) $197,179 (-33.6%) Shares 2,001,613 (-29.6%) Est. Cost $65.09 Unrealized —

A AGILENT TECHNOLOGIES INC 1.4%

Value ($000) $109,504 (-45.0%) Shares 804,763 (-48.1%) Est. Cost $122.26 Unrealized +17.6%

TMO THERMO FISHER SCIENTIFIC INC 0.8%

Value ($000) $64,168 (-58.2%) Shares 110,740 (-65.0%) Est. Cost $347.22 Unrealized +62.8%

AMAT APPLIED MATLS INC 0.6%

Value ($000) $44,922 (-60.4%) Shares 174,800 (-68.5%) Est. Cost $192.05 Unrealized +24.7%

AJG GALLAGHER ARTHUR J & CO 3.4%

Value ($000) $265,395 (-19.9%) Shares 1,025,521 (-4.1%) Est. Cost $199.54 Unrealized +32.4%

INTU INTUIT 3.1%

Value ($000) $246,543 (-19.3%) Shares 372,185 (-16.8%) Est. Cost $376.06 Unrealized +75.7%

MEDP MEDPACE HLDGS INC 1.2%

Value ($000) $97,952 (-37.0%) Shares 174,400 (-42.3%) Est. Cost $375.17 Unrealized +51.3%

URI UNITED RENTALS INC 1.7%

Value ($000) $129,893 (-29.3%) Shares 160,496 (-16.6%) Est. Cost $323.04 Unrealized +168.4%

ACM AECOM 1.0%

Value ($000) $79,889 (-39.3%) Shares 838,027 (-16.9%) Est. Cost $84.21 Unrealized +39.2%

MRSH MARSH & MCLENNAN COS INC 2.1%

Value ($000) $164,457 (-23.4%) Shares 886,467 (-16.8%) Est. Cost $136.14 Unrealized +36.9%

CP CANADIAN PACIFIC KANSAS CITY 2.4%

Value ($000) $189,869 (-17.9%) Shares 2,578,696 (-16.9%) Est. Cost $78.88 Unrealized -6.7%

EOG EOG RES INC 1.8%

Value ($000) $144,337 (-22.1%) Shares 1,374,509 (-16.9%) Est. Cost $76.46 Unrealized +40.2%

EFX EQUIFAX INC 1.2%

Value ($000) $95,606 (-29.6%) Shares 440,620 (-16.8%) Est. Cost $259.14 Unrealized -15.6%

CRH CRH PLC 3.2%

Value ($000) $251,311 (-13.5%) Shares 2,013,711 (-16.9%) Est. Cost $79.44 Unrealized +50.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 2.3%

Value ($000) $180,148 (-16.8%) Shares 358,396 (-16.8%) Est. Cost $397.17 Unrealized +25.3%

SHW SHERWIN WILLIAMS CO 1.6%

Value ($000) $127,529 (-22.1%) Shares 393,572 (-16.8%) Est. Cost $258.51 Unrealized +29.2%

COP CONOCOPHILLIPS 1.7%

Value ($000) $135,348 (-17.7%) Shares 1,445,871 (-16.9%) Est. Cost $106.53 Unrealized -15.5%

POOL POOL CORP 0.6%

Value ($000) $46,156 (-38.6%) Shares 201,775 (-16.8%) Est. Cost $409.64 Unrealized -36.7%

ACN ACCENTURE PLC IRELAND 3.3%

Value ($000) $259,070 (-9.5%) Shares 965,598 (-16.9%) Est. Cost $286.30 Unrealized -11.3%

STE STERIS PLC 2.0%

Value ($000) $157,576 (-14.8%) Shares 621,552 (-16.8%) Est. Cost $198.61 Unrealized +26.4%

WST WEST PHARMACEUTICAL SVSC INC 2.3%

Value ($000) $183,498 (-12.8%) Shares 666,926 (-16.9%) Est. Cost $317.77 Unrealized -14.0%

SCHW SCHWAB CHARLES CORP 2.2%

Value ($000) $173,990 (-13.0%) Shares 1,741,469 (-16.9%) Est. Cost $68.86 Unrealized +37.6%

SPOT SPOTIFY TECHNOLOGY S A 0.7%

Value ($000) $58,698 (-30.4%) Shares 101,080 (-16.4%) Est. Cost $699.24 Unrealized -10.6%

FERG FERGUSON ENTERPRISES INC 1.5%

Value ($000) $119,933 (-17.5%) Shares 538,710 (-16.8%) Est. Cost $187.22 Unrealized +27.1%

MLM MARTIN MARIETTA MATLS INC 1.4%

Value ($000) $112,566 (-17.7%) Shares 180,782 (-16.7%) Est. Cost $287.30 Unrealized +116.3%

ECL ECOLAB INC 1.2%

Value ($000) $94,482 (-20.2%) Shares 359,904 (-16.8%) Est. Cost $177.77 Unrealized +49.5%

ETSY ETSY INC 0.7%

Value ($000) $54,015 (-30.6%) Shares 974,300 (-16.8%) Est. Cost $53.29 Unrealized +14.5%

ADSK AUTODESK INC 1.0%

Value ($000) $79,034 (-22.4%) Shares 266,999 (-16.7%) Est. Cost $232.36 Unrealized +30.2%

WCN WASTE CONNECTIONS INC 1.3%

Value ($000) $105,296 (-17.0%) Shares 600,458 (-16.8%) Est. Cost $87.82 Unrealized +96.8%

CDW CDW CORP 0.7%

Value ($000) $51,147 (-28.8%) Shares 375,526 (-16.7%) Est. Cost $185.52 Unrealized -20.7%

RGLD ROYAL GOLD INC 2.8%

Value ($000) $217,406 (-7.9%) Shares 978,030 (-16.9%) Est. Cost $106.55 Unrealized +86.2%

CNI CANADIAN NATL RY CO 1.5%

Value ($000) $120,297 (-12.8%) Shares 1,216,968 (-16.9%) Est. Cost $115.26 Unrealized -16.6%

MSCI MSCI INC 1.2%

Value ($000) $93,575 (-15.8%) Shares 163,100 (-16.7%) Est. Cost $550.30 Unrealized +1.8%

MKTX MARKETAXESS HLDGS INC 1.2%

Value ($000) $97,223 (-13.5%) Shares 536,400 (-16.8%) Est. Cost $230.04 Unrealized -26.3%

CBRE CBRE GROUP INC 1.1%

Value ($000) $83,276 (-15.1%) Shares 517,916 (-16.8%) Est. Cost $90.79 Unrealized +73.2%

MA MASTERCARD INCORPORATED 3.5%

Value ($000) $273,640 (-4.9%) Shares 479,330 (-5.3%) Est. Cost $355.72 Unrealized +57.1%

ENTG ENTEGRIS INC 0.4%

Value ($000) $34,088 (-24.2%) Shares 404,600 (-16.8%) Est. Cost $100.41 Unrealized -13.6%

HLT HILTON WORLDWIDE HLDGS INC 1.5%

Value ($000) $118,776 (-7.9%) Shares 413,494 (-16.8%) Est. Cost $141.45 Unrealized +92.4%

APG API GROUP CORP 3.4%

Value ($000) $268,590 (+3.6%) Shares 7,020,134 (-6.9%) Est. Cost $22.13 Unrealized +67.1%

WAT WATERS CORP 2.2%

Value ($000) $174,140 (+5.4%) Shares 458,469 (-16.8%) Est. Cost $305.97 Unrealized +20.3%

IEX IDEX CORP 0.8%

Value ($000) $65,909 (-9.0%) Shares 370,399 (-16.7%) Est. Cost $203.41 Unrealized -16.0%

ADI ANALOG DEVICES INC 0.9%

Value ($000) $72,307 (-8.0%) Shares 266,618 (-16.7%) Est. Cost $160.72 Unrealized +55.9%

BLD TOPBUILD CORP 0.5%

Value ($000) $38,873 (-11.1%) Shares 93,177 (-16.7%) Est. Cost $217.87 Unrealized +96.8%

DHR DANAHER CORPORATION 1.3%

Value ($000) $105,647 (-3.9%) Shares 461,500 (-16.8%) Est. Cost $249.63 Unrealized -12.1%

SPGI S&P GLOBAL INC 3.6%

Value ($000) $283,578 (+1.5%) Shares 542,640 (-5.5%) Est. Cost $326.97 Unrealized +51.1%

KEYS KEYSIGHT TECHNOLOGIES INC 1.5%

Value ($000) $114,854 (-3.4%) Shares 565,252 (-16.8%) Est. Cost $145.32 Unrealized +27.7%

COO COOPER COS INC 1.6%

Value ($000) $121,489 (-0.6%) Shares 1,482,300 (-16.9%) Est. Cost $79.73 Unrealized -6.1%

XPO XPO INC 2.5%

Value ($000) $192,326 (-0.2%) Shares 1,415,100 (-5.1%) Est. Cost $113.65 Unrealized +19.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	332,830 (-59.9%)	$160,963 (-62.5%)	2.1%	$136.47	+266.8%	COM	594918104
LYV	LIVE NATION ENTERTAINMENT IN	1,431,100 (-29.2%)	$203,932 (-38.3%)	2.6%	$86.86	+65.5%	COM	538034109
KLAC	KLA CORP	30,302 (-78.6%)	$36,819 (-75.9%)	0.5%	$510.68	+129.5%	COM NEW	482480100
FWONK	LIBERTY MEDIA CORP DEL	2,001,613 (-29.6%)	$197,179 (-33.6%)	2.5%	$65.09	—	COM LBTY ONE S C	531229755
A	AGILENT TECHNOLOGIES INC	804,763 (-48.1%)	$109,504 (-45.0%)	1.4%	$122.26	+17.6%	COM	00846U101
TMO	THERMO FISHER SCIENTIFIC INC	110,740 (-65.0%)	$64,168 (-58.2%)	0.8%	$347.22	+62.8%	COM	883556102
AMAT	APPLIED MATLS INC	174,800 (-68.5%)	$44,922 (-60.4%)	0.6%	$192.05	+24.7%	COM	038222105
AJG	GALLAGHER ARTHUR J & CO	1,025,521 (-4.1%)	$265,395 (-19.9%)	3.4%	$199.54	+32.4%	COM	363576109
INTU	INTUIT	372,185 (-16.8%)	$246,543 (-19.3%)	3.1%	$376.06	+75.7%	COM	461202103
MEDP	MEDPACE HLDGS INC	174,400 (-42.3%)	$97,952 (-37.0%)	1.2%	$375.17	+51.3%	COM	58506Q109
URI	UNITED RENTALS INC	160,496 (-16.6%)	$129,893 (-29.3%)	1.7%	$323.04	+168.4%	COM	911363109
ACM	AECOM	838,027 (-16.9%)	$79,889 (-39.3%)	1.0%	$84.21	+39.2%	COM	00766T100
MRSH	MARSH & MCLENNAN COS INC	886,467 (-16.8%)	$164,457 (-23.4%)	2.1%	$136.14	+36.9%	COM	571748102
CP	CANADIAN PACIFIC KANSAS CITY	2,578,696 (-16.9%)	$189,869 (-17.9%)	2.4%	$78.88	-6.7%	COM	13646K108
EOG	EOG RES INC	1,374,509 (-16.9%)	$144,337 (-22.1%)	1.8%	$76.46	+40.2%	COM	26875P101
EFX	EQUIFAX INC	440,620 (-16.8%)	$95,606 (-29.6%)	1.2%	$259.14	-15.6%	COM	294429105
CRH	CRH PLC	2,013,711 (-16.9%)	$251,311 (-13.5%)	3.2%	$79.44	+50.0%	ORD	G25508105
BRK/B	BERKSHIRE HATHAWAY INC DEL	358,396 (-16.8%)	$180,148 (-16.8%)	2.3%	$397.17	+25.3%	CL B NEW	084670702
SHW	SHERWIN WILLIAMS CO	393,572 (-16.8%)	$127,529 (-22.1%)	1.6%	$258.51	+29.2%	COM	824348106
COP	CONOCOPHILLIPS	1,445,871 (-16.9%)	$135,348 (-17.7%)	1.7%	$106.53	-15.5%	COM	20825C104
POOL	POOL CORP	201,775 (-16.8%)	$46,156 (-38.6%)	0.6%	$409.64	-36.7%	COM	73278L105
ACN	ACCENTURE PLC IRELAND	965,598 (-16.9%)	$259,070 (-9.5%)	3.3%	$286.30	-11.3%	SHS CLASS A	G1151C101
STE	STERIS PLC	621,552 (-16.8%)	$157,576 (-14.8%)	2.0%	$198.61	+26.4%	SHS USD	G8473T100
WST	WEST PHARMACEUTICAL SVSC INC	666,926 (-16.9%)	$183,498 (-12.8%)	2.3%	$317.77	-14.0%	COM	955306105
SCHW	SCHWAB CHARLES CORP	1,741,469 (-16.9%)	$173,990 (-13.0%)	2.2%	$68.86	+37.6%	COM	808513105
SPOT	SPOTIFY TECHNOLOGY S A	101,080 (-16.4%)	$58,698 (-30.4%)	0.7%	$699.24	-10.6%	SHS	L8681T102
FERG	FERGUSON ENTERPRISES INC	538,710 (-16.8%)	$119,933 (-17.5%)	1.5%	$187.22	+27.1%	COMMON STOCK NEW	31488V107
MLM	MARTIN MARIETTA MATLS INC	180,782 (-16.7%)	$112,566 (-17.7%)	1.4%	$287.30	+116.3%	COM	573284106
ECL	ECOLAB INC	359,904 (-16.8%)	$94,482 (-20.2%)	1.2%	$177.77	+49.5%	COM	278865100
ETSY	ETSY INC	974,300 (-16.8%)	$54,015 (-30.6%)	0.7%	$53.29	+14.5%	COM	29786A106
ADSK	AUTODESK INC	266,999 (-16.7%)	$79,034 (-22.4%)	1.0%	$232.36	+30.2%	COM	052769106
WCN	WASTE CONNECTIONS INC	600,458 (-16.8%)	$105,296 (-17.0%)	1.3%	$87.82	+96.8%	COM	94106B101
CDW	CDW CORP	375,526 (-16.7%)	$51,147 (-28.8%)	0.7%	$185.52	-20.7%	COM	12514G108
RGLD	ROYAL GOLD INC	978,030 (-16.9%)	$217,406 (-7.9%)	2.8%	$106.55	+86.2%	COM	780287108
CNI	CANADIAN NATL RY CO	1,216,968 (-16.9%)	$120,297 (-12.8%)	1.5%	$115.26	-16.6%	COM	136375102
MSCI	MSCI INC	163,100 (-16.7%)	$93,575 (-15.8%)	1.2%	$550.30	+1.8%	COM	55354G100
MKTX	MARKETAXESS HLDGS INC	536,400 (-16.8%)	$97,223 (-13.5%)	1.2%	$230.04	-26.3%	COM	57060D108
CBRE	CBRE GROUP INC	517,916 (-16.8%)	$83,276 (-15.1%)	1.1%	$90.79	+73.2%	CL A	12504L109
MA	MASTERCARD INCORPORATED	479,330 (-5.3%)	$273,640 (-4.9%)	3.5%	$355.72	+57.1%	CL A	57636Q104
ENTG	ENTEGRIS INC	404,600 (-16.8%)	$34,088 (-24.2%)	0.4%	$100.41	-13.6%	COM	29362U104
HLT	HILTON WORLDWIDE HLDGS INC	413,494 (-16.8%)	$118,776 (-7.9%)	1.5%	$141.45	+92.4%	COM	43300A203
APG	API GROUP CORP	7,020,134 (-6.9%)	$268,590 (+3.6%)	3.4%	$22.13	+67.1%	COM STK	00187Y100
WAT	WATERS CORP	458,469 (-16.8%)	$174,140 (+5.4%)	2.2%	$305.97	+20.3%	COM	941848103
IEX	IDEX CORP	370,399 (-16.7%)	$65,909 (-9.0%)	0.8%	$203.41	-16.0%	COM	45167R104
ADI	ANALOG DEVICES INC	266,618 (-16.7%)	$72,307 (-8.0%)	0.9%	$160.72	+55.9%	COM	032654105
BLD	TOPBUILD CORP	93,177 (-16.7%)	$38,873 (-11.1%)	0.5%	$217.87	+96.8%	COM	89055F103
DHR	DANAHER CORPORATION	461,500 (-16.8%)	$105,647 (-3.9%)	1.3%	$249.63	-12.1%	COM	235851102
SPGI	S&P GLOBAL INC	542,640 (-5.5%)	$283,578 (+1.5%)	3.6%	$326.97	+51.1%	COM	78409V104
KEYS	KEYSIGHT TECHNOLOGIES INC	565,252 (-16.8%)	$114,854 (-3.4%)	1.5%	$145.32	+27.7%	COM	49338L103
COO	COOPER COS INC	1,482,300 (-16.9%)	$121,489 (-0.6%)	1.6%	$79.73	-6.1%	COM	216648501
XPO	XPO INC	1,415,100 (-5.1%)	$192,326 (-0.2%)	2.5%	$113.65	+19.9%	COM	983793100

Unchanged Positions (1)

ICE INTERCONTINENTAL EXCHANGE IN 2.0%

Value ($000) $158,019 Shares 975,669 Est. Cost $84.25 Unrealized +85.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ICE	INTERCONTINENTAL EXCHANGE IN	975,669	$158,019	2.0%	$84.25	+85.4%	COM	45866F104