WATERS CORP

Ticker: WAT CUSIP: 941848103 Class: COM

Mawer Investment Management Ltd.'s Holding History (CIK: 0001538449)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 1,298,752 Value ($000) $493,305 Avg Close $367.96 Range $299.63 - $414.15

Q3 2025

Shares 1,551,010 Value ($000) $465,008 Avg Close $301.75 Range $275.05 - $366.68

Q2 2025

Shares 476,561 Value ($000) $166,339 Avg Close $343.81 Range $297.14 - $368.02

Q1 2025

Shares 513,514 Value ($000) $189,266 Avg Close $387.18 Range $355.00 - $423.56

Q4 2024

Shares 519,776 Value ($000) $192,827 Avg Close $365.79 Range $321.32 - $397.02

Q3 2024

Shares 531,632 Value ($000) $191,329 Avg Close $325.56 Range $279.24 - $363.55

Q2 2024

Shares 538,052 Value ($000) $156,100 Avg Close $319.12 Range $283.59 - $367.21

Q1 2024

Shares 583,853 Value ($000) $200,980 Avg Close $328.72 Range $293.46 - $363.80

Q4 2023

Shares 600,436 Value ($000) $197,682 Avg Close $276.19 Range $231.90 - $335.40

Q3 2023

Shares 604,652 Value ($000) $165,802 Avg Close $276.34 Range $256.06 - $300.77

Q2 2023

Shares 616,421 Value ($000) $164,301 Avg Close $278.30 Range $248.18 - $313.25

Q1 2023

Shares 602,614 Value ($000) $186,587 Avg Close $323.46 Range $291.95 - $350.97

Q4 2022

Shares 600,017 Value ($000) $205,554 Avg Close $316.35 Range $265.61 - $353.71

Q3 2022

Shares 596,750 Value ($000) $160,842 Avg Close $319.20 Range $269.37 - $369.00

Q2 2022

Shares 557,606 Value ($000) $184,556 Avg Close $317.42 Range $288.32 - $344.15

Q1 2022

Shares 578,823 Value ($000) $179,661 Avg Close $325.36 Range $297.65 - $372.24

Q4 2021

Shares 588,453 Value ($000) $219,258 Avg Close $349.78 Range $324.35 - $375.24

Q3 2021

Shares 581,428 Value ($000) $207,744 Avg Close $391.72 Range $343.15 - $428.22

Q2 2021

Shares 580,526 Value ($000) $200,636 Avg Close $316.51 Range $279.69 - $349.07

Q1 2021

Shares 594,320 Value ($000) $168,876 Avg Close $273.06 Range $244.77 - $299.06

Q4 2020

Shares 596,235 Value ($000) $147,489 Avg Close $226.59 Range $192.54 - $252.67

Q3 2020

Shares 594,858 Value ($000) $113,612 Avg Close $207.83 Range $179.76 - $239.74

Q2 2020

Shares 604,825 Value ($000) $109,059 Avg Close $189.00 Range $171.38 - $210.90

Q1 2020

Shares 598,217 Value ($000) $109,270 Avg Close $210.92 Range $154.39 - $245.68

Q4 2019

Shares 591,238 Value ($000) $138,134 Avg Close $220.88 Range $204.58 - $236.37

Q3 2019

Shares 543,084 Value ($000) $121,223 Avg Close $215.83 Range $199.87 - $237.51

Q2 2019

Shares 532,219 Value ($000) $114,531 Avg Close $218.51 Range $199.11 - $255.21

Q1 2019

Shares 496,713 Value ($000) $125,031 Avg Close $227.86 Range $174.95 - $252.24

Q4 2018

Shares 514,488 Value ($000) $96,981 Avg Close $189.96 Range $167.94 - $204.64

Q3 2018

Shares 515,220 Value ($000) $100,306 Avg Close $193.64 Range $184.81 - $202.79

Q2 2018

Shares 485,464 Value ($000) $93,965 Avg Close $196.97 Range $187.28 - $211.78

Q1 2018

Shares 411,299 Value ($000) $81,705 Avg Close $206.81 Range $187.66 - $220.20

Q4 2017

Shares 412,758 Value ($000) $79,741 Avg Close $193.09 Range $179.27 - $201.95

Q3 2017

Shares 416,664 Value ($000) $74,800 Avg Close $181.32 Range $171.32 - $190.39

Q2 2017

Shares 407,491 Value ($000) $74,913 Avg Close $173.76 Range $154.15 - $187.65

Q1 2017

Shares 408,151 Value ($000) $63,798 Avg Close $149.35 Range $134.68 - $158.81

Q4 2016

Shares 230,490 Value ($000) $30,976 Avg Close $142.72 Range $133.35 - $160.00

Q3 2016

Shares 84,144 Value ($000) $13,336 Avg Close $154.74 Range $140.50 - $162.53

Q2 2016

Shares 83,934 Value ($000) $11,805 Avg Close $135.27 Range $128.90 - $140.75

Q1 2016

Shares 36,000 Value ($000) $4,749 Avg Close $124.75 Range $112.00 - $133.02

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,298,752	$493,305	$367.96	$299.63 - $414.15
Q3 2025	1,551,010	$465,008	$301.75	$275.05 - $366.68
Q2 2025	476,561	$166,339	$343.81	$297.14 - $368.02
Q1 2025	513,514	$189,266	$387.18	$355.00 - $423.56
Q4 2024	519,776	$192,827	$365.79	$321.32 - $397.02
Q3 2024	531,632	$191,329	$325.56	$279.24 - $363.55
Q2 2024	538,052	$156,100	$319.12	$283.59 - $367.21
Q1 2024	583,853	$200,980	$328.72	$293.46 - $363.80
Q4 2023	600,436	$197,682	$276.19	$231.90 - $335.40
Q3 2023	604,652	$165,802	$276.34	$256.06 - $300.77
Q2 2023	616,421	$164,301	$278.30	$248.18 - $313.25
Q1 2023	602,614	$186,587	$323.46	$291.95 - $350.97
Q4 2022	600,017	$205,554	$316.35	$265.61 - $353.71
Q3 2022	596,750	$160,842	$319.20	$269.37 - $369.00
Q2 2022	557,606	$184,556	$317.42	$288.32 - $344.15
Q1 2022	578,823	$179,661	$325.36	$297.65 - $372.24
Q4 2021	588,453	$219,258	$349.78	$324.35 - $375.24
Q3 2021	581,428	$207,744	$391.72	$343.15 - $428.22
Q2 2021	580,526	$200,636	$316.51	$279.69 - $349.07
Q1 2021	594,320	$168,876	$273.06	$244.77 - $299.06
Q4 2020	596,235	$147,489	$226.59	$192.54 - $252.67
Q3 2020	594,858	$113,612	$207.83	$179.76 - $239.74
Q2 2020	604,825	$109,059	$189.00	$171.38 - $210.90
Q1 2020	598,217	$109,270	$210.92	$154.39 - $245.68
Q4 2019	591,238	$138,134	$220.88	$204.58 - $236.37
Q3 2019	543,084	$121,223	$215.83	$199.87 - $237.51
Q2 2019	532,219	$114,531	$218.51	$199.11 - $255.21
Q1 2019	496,713	$125,031	$227.86	$174.95 - $252.24
Q4 2018	514,488	$96,981	$189.96	$167.94 - $204.64
Q3 2018	515,220	$100,306	$193.64	$184.81 - $202.79
Q2 2018	485,464	$93,965	$196.97	$187.28 - $211.78
Q1 2018	411,299	$81,705	$206.81	$187.66 - $220.20
Q4 2017	412,758	$79,741	$193.09	$179.27 - $201.95
Q3 2017	416,664	$74,800	$181.32	$171.32 - $190.39
Q2 2017	407,491	$74,913	$173.76	$154.15 - $187.65
Q1 2017	408,151	$63,798	$149.35	$134.68 - $158.81
Q4 2016	230,490	$30,976	$142.72	$133.35 - $160.00
Q3 2016	84,144	$13,336	$154.74	$140.50 - $162.53
Q2 2016	83,934	$11,805	$135.27	$128.90 - $140.75
Q1 2016	36,000	$4,749	$124.75	$112.00 - $133.02