Longview Partners (Guernsey) LTD Concentrated Active

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $9,575,963 (100.0% shares, 0.0% debt)

Holdings (23)

New Positions (1)

Value ($000) $378,699 Shares 1,386,768 Est. Cost $270.74 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CME	CME GROUP INC	1,386,768	$378,699	4.0%	$270.74	0.0%	COM	12572Q105

Increased Positions (2)

WST WEST PHARMACEUTICAL SVSC INC 3.2%

Value ($000) $311,190 (+236.9%) Shares 1,131,026 (+221.2%) Est. Cost $263.89 Unrealized +3.6%

MSCI MSCI INC 4.3%

Value ($000) $415,273 (+3.0%) Shares 723,812 (+1.9%) Est. Cost $562.15 Unrealized -0.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WST	WEST PHARMACEUTICAL SVSC INC	1,131,026 (+221.2%)	$311,190 (+236.9%)	3.2%	$263.89	+3.6%	COM	955306105
MSCI	MSCI INC	723,812 (+1.9%)	$415,273 (+3.0%)	4.3%	$562.15	-0.4%	COM	55354G100

Exited Positions (1)

HCA HCA HEALTHCARE INC 1.2%

Value ($000) $117,038 Shares 274,609 Est. Cost $63.16 Unrealized +634.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HCA	HCA HEALTHCARE INC	274,609	$117,038	1.2%	$63.16	+634.2%	—	40412C101

Decreased Positions (19)

CDW CDW CORP 3.6%

Value ($000) $348,790 (-15.4%) Shares 2,560,865 (-1.0%) Est. Cost $174.66 Unrealized -15.8%

MSFT MICROSOFT CORP 5.0%

Value ($000) $478,081 (-11.4%) Shares 988,547 (-5.1%) Est. Cost $261.79 Unrealized +91.2%

GOOGL ALPHABET INC 5.3%

Value ($000) $503,537 (-10.2%) Shares 1,608,744 (-30.3%) Est. Cost $104.89 Unrealized +172.3%

IQV IQVIA HLDGS INC 5.2%

Value ($000) $500,506 (+12.3%) Shares 2,220,424 (-5.4%) Est. Cost $151.11 Unrealized +44.0%

TMO THERMO FISHER SCIENTIFIC INC 5.1%

Value ($000) $492,692 (+12.4%) Shares 850,276 (-5.9%) Est. Cost $480.14 Unrealized +17.7%

BKNG BOOKING HOLDINGS INC 5.1%

Value ($000) $487,705 (-10.0%) Shares 91,069 (-9.2%) Est. Cost $1863.03 Unrealized +175.8%

SYY SYSCO CORP 3.8%

Value ($000) $361,715 (-12.0%) Shares 4,908,607 (-1.7%) Est. Cost $59.26 Unrealized +27.4%

MRSH MARSH & MCLENNAN COS INC 3.9%

Value ($000) $374,230 (-11.1%) Shares 2,017,195 (-3.4%) Est. Cost $136.49 Unrealized +36.6%

UNH UNITEDHEALTH GROUP INC 4.3%

Value ($000) $414,205 (-9.3%) Shares 1,254,749 (-5.1%) Est. Cost $233.00 Unrealized +44.7%

CRM SALESFORCE INC 4.7%

Value ($000) $446,124 (+10.3%) Shares 1,684,059 (-1.3%) Est. Cost $306.86 Unrealized -19.1%

NKE NIKE INC 3.7%

Value ($000) $358,343 (-10.4%) Shares 5,624,595 (-2.0%) Est. Cost $89.94 Unrealized -27.8%

AXP AMERICAN EXPRESS CO 5.0%

Value ($000) $482,661 (+5.4%) Shares 1,304,665 (-5.4%) Est. Cost $108.55 Unrealized +228.9%

AON AON PLC 4.1%

Value ($000) $390,209 (-5.4%) Shares 1,105,784 (-4.4%) Est. Cost $185.67 Unrealized +88.1%

FIS FIDELITY NATL INFORMATION SV 4.3%

Value ($000) $413,361 (-4.3%) Shares 6,219,699 (-5.1%) Est. Cost $53.98 Unrealized +21.6%

SPGI S&P GLOBAL INC 4.5%

Value ($000) $433,373 (+3.2%) Shares 829,280 (-3.9%) Est. Cost $347.56 Unrealized +42.2%

V VISA INC 4.6%

Value ($000) $443,701 (-2.6%) Shares 1,265,151 (-5.2%) Est. Cost $217.97 Unrealized +56.2%

MCO MOODYS CORP 5.2%

Value ($000) $493,720 (+1.8%) Shares 966,467 (-5.1%) Est. Cost $292.84 Unrealized +66.4%

ADBE ADOBE INC 4.3%

Value ($000) $410,519 (-1.9%) Shares 1,172,945 (-1.1%) Est. Cost $466.64 Unrealized -27.1%

BDX BECTON DICKINSON & CO 4.4%

Value ($000) $419,308 (-1.4%) Shares 2,160,601 (-4.9%) Est. Cost $218.55 Unrealized -13.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CDW	CDW CORP	2,560,865 (-1.0%)	$348,790 (-15.4%)	3.6%	$174.66	-15.8%	COM	12514G108
MSFT	MICROSOFT CORP	988,547 (-5.1%)	$478,081 (-11.4%)	5.0%	$261.79	+91.2%	COM	594918104
GOOGL	ALPHABET INC	1,608,744 (-30.3%)	$503,537 (-10.2%)	5.3%	$104.89	+172.3%	CAP STK CL A	02079K305
IQV	IQVIA HLDGS INC	2,220,424 (-5.4%)	$500,506 (+12.3%)	5.2%	$151.11	+44.0%	COM	46266C105
TMO	THERMO FISHER SCIENTIFIC INC	850,276 (-5.9%)	$492,692 (+12.4%)	5.1%	$480.14	+17.7%	COM	883556102
BKNG	BOOKING HOLDINGS INC	91,069 (-9.2%)	$487,705 (-10.0%)	5.1%	$1863.03	+175.8%	COM	09857L108
SYY	SYSCO CORP	4,908,607 (-1.7%)	$361,715 (-12.0%)	3.8%	$59.26	+27.4%	COM	871829107
MRSH	MARSH & MCLENNAN COS INC	2,017,195 (-3.4%)	$374,230 (-11.1%)	3.9%	$136.49	+36.6%	COM	571748102
UNH	UNITEDHEALTH GROUP INC	1,254,749 (-5.1%)	$414,205 (-9.3%)	4.3%	$233.00	+44.7%	COM	91324P102
CRM	SALESFORCE INC	1,684,059 (-1.3%)	$446,124 (+10.3%)	4.7%	$306.86	-19.1%	COM	79466L302
NKE	NIKE INC	5,624,595 (-2.0%)	$358,343 (-10.4%)	3.7%	$89.94	-27.8%	CL B	654106103
AXP	AMERICAN EXPRESS CO	1,304,665 (-5.4%)	$482,661 (+5.4%)	5.0%	$108.55	+228.9%	COM	025816109
AON	AON PLC	1,105,784 (-4.4%)	$390,209 (-5.4%)	4.1%	$185.67	+88.1%	SHS CL A	G0403H108
FIS	FIDELITY NATL INFORMATION SV	6,219,699 (-5.1%)	$413,361 (-4.3%)	4.3%	$53.98	+21.6%	COM	31620M106
SPGI	S&P GLOBAL INC	829,280 (-3.9%)	$433,373 (+3.2%)	4.5%	$347.56	+42.2%	COM	78409V104
V	VISA INC	1,265,151 (-5.2%)	$443,701 (-2.6%)	4.6%	$217.97	+56.2%	COM CL A	92826C839
MCO	MOODYS CORP	966,467 (-5.1%)	$493,720 (+1.8%)	5.2%	$292.84	+66.4%	COM	615369105
ADBE	ADOBE INC	1,172,945 (-1.1%)	$410,519 (-1.9%)	4.3%	$466.64	-27.1%	COM	00724F101
BDX	BECTON DICKINSON & CO	2,160,601 (-4.9%)	$419,308 (-1.4%)	4.4%	$218.55	-13.3%	COM	075887109

Unchanged Positions (1)

FISV FISERV INC 2.3%

Value ($000) $218,021 Shares 3,245,810 Est. Cost $105.59 Unrealized -20.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FISV	FISERV INC	3,245,810	$218,021	2.3%	$105.59	-20.6%	COM	337738108