CALEDONIA INVESTMENTS PLC Long-Term Concentrated

CIK: 0001037766 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 20, 2026

Total Value ($000): $902,343 (100.0% shares, 0.0% debt)

Holdings (15)

New Positions (2)

CTAS Cintas Corp 3.7%

Value ($000) $33,287 Shares 177,000 Est. Cost $188.13 Unrealized 0.0%

PAYX Paychex Inc 1.7%

Value ($000) $14,919 Shares 133,000 Est. Cost $116.54 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CTAS	Cintas Corp	177,000	$33,287	3.7%	$188.13	0.0%	COMMON	172908105
PAYX	Paychex Inc	133,000	$14,919	1.7%	$116.54	0.0%	COMMON	704326107

Increased Positions (3)

WSO Watsco Inc 8.7%

Value ($000) $78,487 (-11.5%) Shares 232,927 (+6.2%) Est. Cost $199.78 Unrealized +78.7%

POOL Pool Corp 4.5%

Value ($000) $40,236 (-19.3%) Shares 175,887 (+9.3%) Est. Cost $335.29 Unrealized -22.6%

CHTR Charter Communications Inc 3.9%

Value ($000) $35,418 (-15.9%) Shares 169,700 (+10.8%) Est. Cost $341.97 Unrealized -34.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WSO	Watsco Inc	232,927 (+6.2%)	$78,487 (-11.5%)	8.7%	$199.78	+78.7%	COMMON	942622200
POOL	Pool Corp	175,887 (+9.3%)	$40,236 (-19.3%)	4.5%	$335.29	-22.6%	COMMON	73278L105
CHTR	Charter Communications Inc	169,700 (+10.8%)	$35,418 (-15.9%)	3.9%	$341.97	-34.2%	CL A	16119P108

Exited Positions (2)

ECL Ecolab Inc 3.7%

Value ($000) $33,741 Shares 123,210 Est. Cost $136.25 Unrealized +95.0%

BDX Becton Dickinson and Co 3.0%

Value ($000) $27,338 Shares 146,100 Est. Cost $128.13 Unrealized +47.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ECL	Ecolab Inc	123,210	$33,741	3.7%	$136.25	+95.0%	—	278865100
BDX	Becton Dickinson and Co	146,100	$27,338	3.0%	$128.13	+47.9%	—	075887109

Decreased Positions (2)

ORCL Oracle Corp 8.1%

Value ($000) $72,732 (-39.3%) Shares 373,100 (-12.4%) Est. Cost $40.78 Unrealized +483.7%

MSFT Microsoft Corp 12.6%

Value ($000) $113,316 (-13.6%) Shares 234,317 (-7.5%) Est. Cost $51.41 Unrealized +873.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ORCL	Oracle Corp	373,100 (-12.4%)	$72,732 (-39.3%)	8.1%	$40.78	+483.7%	COMMON	68389X105
MSFT	Microsoft Corp	234,317 (-7.5%)	$113,316 (-13.6%)	12.6%	$51.41	+873.6%	COMMON	594918104

Unchanged Positions (8)

FAST Fastenal Co 6.2%

Value ($000) $55,585 Shares 1,385,112 Est. Cost $27.64 Unrealized +52.1%

TMO Thermo Fisher Scientific Inc 7.2%

Value ($000) $64,765 Shares 111,767 Est. Cost $160.81 Unrealized +251.4%

BABA Alibaba Group Holding Ltd 4.5%

Value ($000) $40,738 Shares 278,000 Est. Cost $106.40 Unrealized —

TXN Texas Instruments Inc 10.0%

Value ($000) $89,847 Shares 518,000 Est. Cost $111.22 Unrealized +53.5%

MCO Moody's Corp 6.7%

Value ($000) $60,691 Shares 118,800 Est. Cost $325.04 Unrealized +49.9%

SCHW Charles Schwab Corp 6.8%

Value ($000) $61,057 Shares 611,000 Est. Cost $85.20 Unrealized +11.2%

PM Philip Morris International Inc 13.0%

Value ($000) $117,510 Shares 732,563 Est. Cost $70.74 Unrealized +117.1%

FTS Fortis Inc 2.6%

Value ($000) $23,755 Shares 456,700 Est. Cost $39.77 Unrealized +27.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FAST	Fastenal Co	1,385,112	$55,585	6.2%	$27.64	+52.1%	COMMON	311900104
TMO	Thermo Fisher Scientific Inc	111,767	$64,765	7.2%	$160.81	+251.4%	COMMON	883556102
BABA	Alibaba Group Holding Ltd	278,000	$40,738	4.5%	$106.40	—	SPONSORED ADS	01609W102
TXN	Texas Instruments Inc	518,000	$89,847	10.0%	$111.22	+53.5%	COMMON	882508104
MCO	Moody's Corp	118,800	$60,691	6.7%	$325.04	+49.9%	COMMON	615369105
SCHW	Charles Schwab Corp	611,000	$61,057	6.8%	$85.20	+11.2%	COMMON	808513105
PM	Philip Morris International Inc	732,563	$117,510	13.0%	$70.74	+117.1%	COMMON	718172109
FTS	Fortis Inc	456,700	$23,755	2.6%	$39.77	+27.8%	COMMON	349553107