CANTILLON CAPITAL MANAGEMENT LLC Concentrated Active

Period: Q4 2025 (← Previous)

Filing Date: Feb 11, 2026

Total Value ($000): $18,493,573 (100.0% shares, 0.0% debt)

Holdings (37)

New Positions (1)

Value ($000) $131,820 Shares 369,068 Est. Cost $353.69 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LPLA	LPL FINL HLDGS INC	369,068	$131,820	0.7%	$353.69	0.0%	COM	50212V100

Increased Positions (5)

TME TENCENT MUSIC ENTMT GROUP 1.8%

Value ($000) $327,960 (-23.8%) Shares 18,708,502 (+1.4%) Est. Cost $13.21 Unrealized —

TW TRADEWEB MKTS INC 1.6%

Value ($000) $289,094 (+34.7%) Shares 2,688,245 (+39.0%) Est. Cost $98.88 Unrealized +8.6%

ADBE ADOBE INC 2.2%

Value ($000) $405,021 (+14.8%) Shares 1,157,237 (+15.7%) Est. Cost $421.81 Unrealized -19.4%

FWONK LIBERTY MEDIA CORP DEL 0.9%

Value ($000) $168,147 (+38.0%) Shares 1,706,899 (+46.4%) Est. Cost $102.57 Unrealized —

TCOM TRIP COM GROUP LTD 1.8%

Value ($000) $335,804 (-3.1%) Shares 4,669,778 (+1.4%) Est. Cost $52.94 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TME	TENCENT MUSIC ENTMT GROUP	18,708,502 (+1.4%)	$327,960 (-23.8%)	1.8%	$13.21	—	SPON ADS	88034P109
TW	TRADEWEB MKTS INC	2,688,245 (+39.0%)	$289,094 (+34.7%)	1.6%	$98.88	+8.6%	CL A	892672106
ADBE	ADOBE INC	1,157,237 (+15.7%)	$405,021 (+14.8%)	2.2%	$421.81	-19.4%	COM	00724F101
FWONK	LIBERTY MEDIA CORP DEL	1,706,899 (+46.4%)	$168,147 (+38.0%)	0.9%	$102.57	—	COM LBTY ONE S C	531229755
TCOM	TRIP COM GROUP LTD	4,669,778 (+1.4%)	$335,804 (-3.1%)	1.8%	$52.94	—	ADS	89677Q107

Exited Positions (2)

ZTS ZOETIS INC COM USD0.01 CL 'A' LLC 1.0%

Value ($000) $176,420 Shares 1,205,716 Est. Cost $45.24 Unrealized +187.9%

ECL ECOLAB INC COM STK USD1 LLC 0.1%

Value ($000) $21,502 Shares 78,513 Est. Cost $87.77 Unrealized +202.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ZTS	ZOETIS INC COM USD0.01 CL 'A' LLC	1,205,716	$176,420	1.0%	$45.24	+187.9%	—	98978V103
ECL	ECOLAB INC COM STK USD1 LLC	78,513	$21,502	0.1%	$87.77	+202.7%	—	278865100

Decreased Positions (1)

AVGO BROADCOM INC 8.6%

Value ($000) $1,593,549 (+2.8%) Shares 4,604,301 (-2.0%) Est. Cost $143.95 Unrealized +148.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AVGO	BROADCOM INC	4,604,301 (-2.0%)	$1,593,549 (+2.8%)	8.6%	$143.95	+148.0%	COM	11135F101

Unchanged Positions (30)

GOOGL ALPHABET INC 7.1%

Value ($000) $1,319,368 Shares 4,215,234 Est. Cost $111.06 Unrealized +157.2%

AMAT APPLIED MATLS INC 4.1%

Value ($000) $764,201 Shares 2,973,661 Est. Cost $59.34 Unrealized +303.6%

TMO THERMO FISHER SCIENTIFIC INC 2.7%

Value ($000) $506,046 Shares 873,322 Est. Cost $306.54 Unrealized +84.4%

FLUT FLUTTER ENTMT PLC 2.6%

Value ($000) $486,856 Shares 2,264,025 Est. Cost $207.20 Unrealized +8.5%

UBER UBER TECHNOLOGIES INC 2.3%

Value ($000) $420,044 Shares 5,140,663 Est. Cost $70.38 Unrealized +27.9%

FAST FASTENAL CO 2.0%

Value ($000) $371,880 Shares 9,266,888 Est. Cost $26.37 Unrealized +59.4%

TSM TAIWAN SEMICONDUCTOR MFG LTD 4.6%

Value ($000) $859,789 Shares 2,829,278 Est. Cost $45.38 Unrealized —

ORCL ORACLE CORP 0.9%

Value ($000) $167,755 Shares 860,677 Est. Cost $112.35 Unrealized +111.9%

IQV IQVIA HLDGS INC 2.4%

Value ($000) $437,553 Shares 1,941,144 Est. Cost $202.75 Unrealized +7.3%

SPGI S&P GLOBAL INC 5.0%

Value ($000) $917,472 Shares 1,755,624 Est. Cost $121.39 Unrealized +307.1%

EFX EQUIFAX INC 2.0%

Value ($000) $374,073 Shares 1,723,998 Est. Cost $128.22 Unrealized +70.5%

ADI ANALOG DEVICES INC 3.2%

Value ($000) $588,176 Shares 2,168,792 Est. Cost $46.74 Unrealized +436.2%

LYV LIVE NATION ENTERTAINMENT IN 2.2%

Value ($000) $398,602 Shares 2,797,205 Est. Cost $84.49 Unrealized +70.1%

IBKR INTERACTIVE BROKERS GROUP IN 4.4%

Value ($000) $820,589 Shares 12,759,904 Est. Cost $38.65 Unrealized +73.1%

BLK BLACKROCK INC 3.0%

Value ($000) $550,424 Shares 514,252 Est. Cost $985.64 Unrealized +10.5%

MSFT MICROSOFT CORP 3.3%

Value ($000) $610,338 Shares 1,262,019 Est. Cost $219.00 Unrealized +128.6%

AMT AMERICAN TOWER CORP NEW 1.7%

Value ($000) $321,385 Shares 1,830,525 Est. Cost $102.30 Unrealized +76.2%

A AGILENT TECHNOLOGIES INC 2.3%

Value ($000) $423,945 Shares 3,115,638 Est. Cost $54.29 Unrealized +164.7%

V VISA INC 3.7%

Value ($000) $683,705 Shares 1,949,488 Est. Cost $85.53 Unrealized +298.0%

CBRE CBRE GROUP INC 3.9%

Value ($000) $717,218 Shares 4,460,586 Est. Cost $40.62 Unrealized +287.1%

ENTG ENTEGRIS INC 1.1%

Value ($000) $207,184 Shares 2,459,153 Est. Cost $63.73 Unrealized +36.1%

ICE INTERCONTINENTAL EXCHANGE IN 2.9%

Value ($000) $540,620 Shares 3,337,982 Est. Cost $53.20 Unrealized +193.6%

MCO MOODYS CORP 1.2%

Value ($000) $227,533 Shares 445,400 Est. Cost $156.74 Unrealized +210.9%

ALC ALCON AG 1.2%

Value ($000) $224,224 Shares 2,845,121 Est. Cost $89.47 Unrealized -13.9%

CME CME GROUP INC 2.3%

Value ($000) $429,559 Shares 1,573,017 Est. Cost $79.24 Unrealized +241.7%

SSNC SS&C TECHNOLOGIES HLDGS INC 2.0%

Value ($000) $372,277 Shares 4,258,493 Est. Cost $49.30 Unrealized +73.0%

AON AON PLC 2.4%

Value ($000) $438,636 Shares 1,243,018 Est. Cost $207.97 Unrealized +67.9%

CP CANADIAN PACIFIC KANSAS CITY 1.7%

Value ($000) $309,825 Shares 4,207,858 Est. Cost $77.68 Unrealized -5.2%

YUM YUM BRANDS INC 1.7%

Value ($000) $311,014 Shares 2,055,883 Est. Cost $131.29 Unrealized +12.5%

FERG FERGUSON ENTERPRISES INC 2.4%

Value ($000) $441,888 Shares 1,984,854 Est. Cost $196.94 Unrealized +20.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC	4,215,234	$1,319,368	7.1%	$111.06	+157.2%	CAP STK CL A	02079K305
AMAT	APPLIED MATLS INC	2,973,661	$764,201	4.1%	$59.34	+303.6%	COM	038222105
TMO	THERMO FISHER SCIENTIFIC INC	873,322	$506,046	2.7%	$306.54	+84.4%	COM	883556102
FLUT	FLUTTER ENTMT PLC	2,264,025	$486,856	2.6%	$207.20	+8.5%	SHS	G3643J108
UBER	UBER TECHNOLOGIES INC	5,140,663	$420,044	2.3%	$70.38	+27.9%	COM	90353T100
FAST	FASTENAL CO	9,266,888	$371,880	2.0%	$26.37	+59.4%	COM	311900104
TSM	TAIWAN SEMICONDUCTOR MFG LTD	2,829,278	$859,789	4.6%	$45.38	—	SPONSORED ADS	874039100
ORCL	ORACLE CORP	860,677	$167,755	0.9%	$112.35	+111.9%	COM	68389X105
IQV	IQVIA HLDGS INC	1,941,144	$437,553	2.4%	$202.75	+7.3%	COM	46266C105
SPGI	S&P GLOBAL INC	1,755,624	$917,472	5.0%	$121.39	+307.1%	COM	78409V104
EFX	EQUIFAX INC	1,723,998	$374,073	2.0%	$128.22	+70.5%	COM	294429105
ADI	ANALOG DEVICES INC	2,168,792	$588,176	3.2%	$46.74	+436.2%	COM	032654105
LYV	LIVE NATION ENTERTAINMENT IN	2,797,205	$398,602	2.2%	$84.49	+70.1%	COM	538034109
IBKR	INTERACTIVE BROKERS GROUP IN	12,759,904	$820,589	4.4%	$38.65	+73.1%	COM CL A	45841N107
BLK	BLACKROCK INC	514,252	$550,424	3.0%	$985.64	+10.5%	COM	09290D101
MSFT	MICROSOFT CORP	1,262,019	$610,338	3.3%	$219.00	+128.6%	COM	594918104
AMT	AMERICAN TOWER CORP NEW	1,830,525	$321,385	1.7%	$102.30	+76.2%	COM	03027X100
A	AGILENT TECHNOLOGIES INC	3,115,638	$423,945	2.3%	$54.29	+164.7%	COM	00846U101
V	VISA INC	1,949,488	$683,705	3.7%	$85.53	+298.0%	COM CL A	92826C839
CBRE	CBRE GROUP INC	4,460,586	$717,218	3.9%	$40.62	+287.1%	CL A	12504L109
ENTG	ENTEGRIS INC	2,459,153	$207,184	1.1%	$63.73	+36.1%	COM	29362U104
ICE	INTERCONTINENTAL EXCHANGE IN	3,337,982	$540,620	2.9%	$53.20	+193.6%	COM	45866F104
MCO	MOODYS CORP	445,400	$227,533	1.2%	$156.74	+210.9%	COM	615369105
ALC	ALCON AG	2,845,121	$224,224	1.2%	$89.47	-13.9%	ORD SHS	H01301128
CME	CME GROUP INC	1,573,017	$429,559	2.3%	$79.24	+241.7%	COM	12572Q105
SSNC	SS&C TECHNOLOGIES HLDGS INC	4,258,493	$372,277	2.0%	$49.30	+73.0%	COM	78467J100
AON	AON PLC	1,243,018	$438,636	2.4%	$207.97	+67.9%	SHS CL A	G0403H108
CP	CANADIAN PACIFIC KANSAS CITY	4,207,858	$309,825	1.7%	$77.68	-5.2%	COM	13646K108
YUM	YUM BRANDS INC	2,055,883	$311,014	1.7%	$131.29	+12.5%	COM	988498101
FERG	FERGUSON ENTERPRISES INC	1,984,854	$441,888	2.4%	$196.94	+20.8%	COMMON STOCK NEW	31488V107