WhaleCreep

WCM Investment Management 13F holdings, Q4 2025

Long-only investorSEC filingsCompare with another fundHoldings as of 2025-12-31, filed 2026-02-09

WCM Investment Management disclosed 241 US equity positions worth $48.6bn in its Q4 2025 13F filing. Its largest position is SE at 6.8% of the reported book, followed by APP and TSM. Versus Q3 2025 it opened 36 new positions, added to 54, reduced 137 and exited 23.

$48.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
241
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.8%
Largest position
The largest single position as a share of the reported equity book.
42.5%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
34
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
110
Quarters on file since Q2 1999
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q3 2025: 36 new, 54 added, 137 reduced, 23 exited

50 of 241
SE SEA LTDConsumer Cyclical6.8%$3.3bn25.86m−0.7%reduced
APP APPLOVIN CORPCommunication Services6.8%$3.3bn4.76m−3.8%reduced
TSM TAIWAN SEMICONDUCTOR MANUFACTechnology6.1%$2.9bn9.82m−2.7%reduced
ASML ASML HLDG NVTechnology4.2%$2.0bn1.89m−2.2%reduced
PM PHILIP MORRIS INTL INCConsumer Defensive3.6%$1.8bn10.81m−4.1%reduced
IBN ICICI BANK LIMITEDFinancial Services3.3%$1.6bn53.31m−1.6%reduced
STX SEAGATE TECHNOLOGY HLDNGS PLTechnology3.0%$1.4bn5.15m−0.5%reduced
AMZN AMAZON COM INCConsumer Cyclical2.9%$1.4bn6.14m−0.9%reduced
SPOT SPOTIFY TECHNOLOGY S ACommunication Services2.9%$1.4bn2.46m−27%reduced
LIN LINDE PLCBasic Materials2.9%$1.4bn3.27m−3.2%reduced
ARCH CAP GROUP LTD no ticker–2.6%$1.3bn13.28m−1.8%reduced
NU NU HLDGS LTDFinancial Services2.6%$1.2bn73.94m−0.7%reduced
CP CANADIAN PACIFIC KANSAS CITYIndustrials2.5%$1.2bn16.31m−2.6%reduced
WDC WESTERN DIGITAL CORP.Technology2.4%$1.2bn6.69m−1.3%reduced
CPNG COUPANG INCConsumer Cyclical2.4%$1.2bn48.25m−1.6%reduced
WCN WASTE CONNECTIONS INCIndustrials2.3%$1.1bn6.29m−2.7%reduced
SHOP SHOPIFY INCTechnology2.3%$1.1bn6.70m–new
FERG FERGUSON ENTERPRISES INCIndustrials2.0%$994m4.41m–new
MELI MERCADOLIBREConsumer Cyclical2.0%$985m487,561−2.0%reduced
MSFT MICROSOFT CORPTechnology2.0%$947m1.94m−0.6%reduced
NVDA NVIDIA CORPORATIONTechnology1.7%$849m4.53m−1.5%reduced
CAH CARDINAL HEALTH INCHealthcare1.7%$836m4.03m–new
MCK MCKESSON CORPHealthcare1.6%$781m944,071−2.3%reduced
V VISA INCFinancial Services1.5%$738m2.09m−2.4%reduced
GLW CORNING INCTechnology1.5%$731m8.22m−2.5%reduced
GE GENERAL ELECTRIC COIndustrials1.5%$721m2.31m−1.8%reduced
AON AON PLCFinancial Services1.5%$708m1.99m−2.5%reduced
AJG GALLAGHER ARTHUR J & COFinancial Services1.3%$623m2.38m−2.1%reduced
LPLA LPL FINL HLDGS INCFinancial Services1.3%$619m1.72m−1.2%reduced
WELL WELLTOWER INCReal Estate1.3%$617m3.28m+2217%added
HOOD ROBINHOOD MKTS INCFinancial Services1.2%$595m5.16m−40%reduced
CTVA CORTEVA INCBasic Materials1.2%$593m8.81m−1.4%reduced
RGA REINSURANCE GROUP AMER INCFinancial Services1.2%$563m2.75m+0.5%held
MNDY MONDAY COM LTDTechnology1.1%$547m3.76m−10%reduced
ILMN ILLUMINA INCHealthcare1.1%$540m4.07m−2.6%reduced
VRTX VERTEX PHARMACEUTICALS INCHealthcare1.1%$512m1.13m−1.8%reduced
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare0.9%$439m14.01m+5493%added
GDDY GODADDY INCTechnology0.9%$414m3.28m−12%reduced
GEV GE VERNOVA LLCIndustrials0.8%$394m597,527−12%reduced
MDLN MEDLINE INCHealthcare0.6%$307m7.32m–new
SAP SAP SETechnology0.6%$274m1.12m−8.3%reduced
AZN ASTRAZENECA PLCHealthcare0.5%$246m2.66m0.0%held
UBS UBS GROUP AGFinancial Services0.5%$242m5.21m−0.1%held
AHR AMERICAN HEALTHCARE REIT INCReal Estate0.3%$163m3.41m–new
RACE FERRARI N VConsumer Cyclical0.3%$158m424,528−2.1%reduced
CLS CELESTICA INCTechnology0.3%$157m524,725−26%reduced
EFA ISHARES TR–0.3%$147m1.53m+10818%added
CNQ CANADIAN NAT RES LTD MED TEREnergy0.3%$142m4.18m−9.7%reduced
CRS CARPENTER TECHNOLOGY CORPIndustrials0.3%$138m433,914+21%added
NVO NOVO-NORDISK A SHealthcare0.3%$128m2.51m−8.2%reduced

Exited since Q3 2025

23 rows
UNH UNITEDHEALTH GROUP INC0.9%$433m
STE STERIS PLC0.6%$288m
CWK CUSHMAN WAKEFIELD PLC0.07%$32.5m
WAL WESTERN ALLIANCE BANCORP0.05%$25.3m
WIX WIX COM LTD0.04%$21.6m
POWL POWELL INDS INC0.04%$20.1m
LEU CENTRUS ENERGY CORP0.03%$14.3m
AMERICAN WOODMARK CORPORATIO no ticker0.03%$13.8m
KVYO KLAVIYO INC0.03%$12.3m
FWRG FIRST WATCH RESTAURANT GROUP0.02%$11.7m
GRBK GREEN BRICK PARTNERS INC0.02%$11.2m
LRN STRIDE INC0.02%$11.1m
FOXF FOX FACTORY HLDG CORP0.02%$10.6m
POWI POWER INTEGRATIONS INC0.02%$10.2m
SPSC SPS COMMERCE INC0.02%$9.9m
INSP INSPIRE MED SYS INC0.02%$8.1m
CRMT AMERICAS CAR-MART INC0.02%$7.6m
BHVN BIOHAVEN LTD0.01%$4.2m
RMD RESMED INC0.01%$3.1m
TREX TREX INC0.0%$2.0m
BALL BALL CORP0.0%$250k
ORCL ORACLE CORP0.0%$249k
YSG YATSEN HLDG LTD0.0%$114k

Sector mix

  • Technology26.6%
  • Consumer Cyclical15.6%
  • Financial Services15.0%
  • Industrials10.7%
  • Communication Services9.8%
  • Healthcare8.8%
  • Basic Materials4.4%
  • Consumer Defensive3.7%
  • Unclassified3.4%
  • Real Estate1.7%
  • Energy0.4%
  • Utilities0.02%

Book over time

Every quarter on file (110)
QuarterPositionsEquity book
Q2 2026266$55.2bn
Q1 2026263$43.8bn
Q4 2025241$48.6bn
Q3 2025228$48.1bn
Q2 2025219$43.8bn
Q1 2025278$38.9bn
Q4 2024288$42.5bn
Q3 2024289$44.1bn
Q2 2024267$42.3bn
Q1 2024247$42.1bn
Q4 2023249$36.2bn
Q3 2023207$34.1bn
Q2 2023217$33.5bn
Q1 2023211$31.3bn
Q4 2022210$30.0bn
Q3 2022192$27.9bn
Q2 2022202$27.9bn
Q1 2022201$35.8bn
Q4 2021205$44.4bn
Q3 2021204$43.3bn
Q2 2021195$39.4bn
Q1 2021189$36.5bn
Q4 2020193$36.8bn
Q3 2020179$28.5bn
Q2 2020180$26.1bn
Q1 2020180$18.1bn
Q4 2019157$18.6bn
Q3 2019152$16.7bn
Q2 2019151$16.0bn
Q1 2019142$14.4bn
Q4 201879$11.2bn
Q3 201878$11.2bn
Q2 201882$9.7bn
Q1 201894$10.7bn
Q4 201796$8.8bn
Q3 201787$7.9bn
Q2 201784$6.5bn
Q1 2017114$9.2bn
Q4 2016168$8.3bn
Q3 2016162$8.8bn
Q2 2016114$6.3bn
Q1 2016115$6.4bn
Q4 201592$4.9bn
Q3 2015107$4.0bn
Q2 2015115$4.4bn
Q1 2015141$4.9bn
Q4 2014114$3.5bn
Q3 2014113$3.2bn
Q2 2014141$4.0bn
Q1 2014138$2.8bn
Q4 2013133$2.8bn
Q3 2013126$1.9bn
Q2 2013140$1.9bn
Q1 2013140$1.4bn
Q4 2012107$1.2bn
Q3 2012117$1.2bn
Q2 2012120$1.0bn
Q1 2012123$960m
Q4 2011118$803m
Q3 2011112$570m
Q2 2011120$731m
Q1 2011131$676m
Q4 2010118$617m
Q3 2010120$540m
Q2 2010100$458m
Q1 2010105$967m
Q4 2009103$932m
Q3 2009108$936m
Q2 2009102$887m
Q1 200975$710m
Q4 200876$786m
Q3 200875$1.1bn
Q2 200883$1.3bn
Q1 200879$1.5bn
Q4 200780$1.7bn
Q3 2007106$2.0bn
Q2 200781$2.0bn
Q4 200676$2.3bn
Q3 200686$2.6bn
Q2 200690$2.7bn
Q1 200684$2.8bn
Q4 200587$2.9bn
Q3 200580$2.7bn
Q2 200584$1.9bn
Q1 200586$1.7bn
Q4 2004101$1.4bn
Q3 200491$1.1bn
Q2 200489$852m
Q1 200490$796m
Q4 200361$558m
Q3 200338$237m
Q2 200336$173m
Q4 200237$103m
Q3 200244$91.4m
Q1 200248$121m
Q4 200156$131m
Q3 200159$117m
Q2 200158$136m
Q1 2001185$118m
Q4 200057$177m
Q3 200061$213m
Q1 200071$191m
Q1 200076$190m
Q4 199978$172m
Q4 199978$152m
Q3 199973$130m
Q3 199977$145m
Q3 199974$148m
Q2 199974$153m
Q2 199970$152m

Where WCM Investment Management was early

107 rows
ABT ABBOTT LABORATORIESQ4 19991 of 1813.0%3.0%12Exited by Q4 2012+102%
UTXZ UNITED TECHNOLOGIES CORPQ4 19991 of 1140.4%2.7%18Exited by Q1 2005−53%
QCOM QUALCOMM INCQ4 19992 of 2461.5%2.9%37Exited by Q3 2012−37%
VRSN VERISIGN INCQ4 19992 of 1420.8%2.3%5Exited by Q2 2001−81%
MCD MCDONALDS CORPQ1 20001 of 1921.2%1.8%23Exited by Q1 2020+429%
MS MORGAN ST DEAN WITTER & COQ1 20001 of 1783.9%4.6%8Exited by Q3 2002−31%
AVGO BROADCOM CORP-CL AQ1 20002 of 3230.4%1.2%5Exited by Q1 2005–
SYK STRYKER CORPORATIONQ3 20001 of 1502.2%4.6%47Exited by Q4 2023+1173%
SYY SYSCO CORPQ3 20001 of 1410.2%5.3%26Exited by Q3 2013+48%
MXIM MAXIM INTEGRATED PRODUCTSQ3 20003 of 1010.3%6.7%16Exited by Q2 2007+49%
SCHW THE CHARLES SCHWAB CORPORATIQ3 200021 of 2210.7%1.3%24Exited by Q4 2019+18%
GD GENERAL DYNAMICS CORPQ4 20002 of 1341.1%6.5%22Exited by Q2 2025+599%
HOG HARLEY-DAVIDSON INCQ1 20011 of 1200.06%7.3%19Exited by Q2 2006+37%
JPM JPMORGAN CHASE & CO.Q1 20011 of 2315.1%5.1%10Exited by Q2 2025+446%
PG PROCTER AND GAMBLE COQ1 20011 of 1640.01%8.0%56Exited by Q2 2025+444%
TEVA TEVA PHARMACEUTICAL INDS LTDQ1 20011 of 1820.01%7.5%42Held at last filing, Q2 2026+148%
UPS UNITED PARCEL SERVICE INCQ1 20012 of 1740.4%9.3%11Exited by Q2 2025+93%
ADBE ADOBE SYSTEMSQ1 20014 of 2750.03%5.1%17Exited by Q3 2010+51%
USB US BANCORPQ1 20014 of 1620.7%3.7%13Exited by Q3 2010−3.7%
EBAY EBAY INC.Q1 20015 of 1860.01%9.1%28Held at last filing, Q2 2026+2835%
BSX BOSTON SCIENTIFIC CORPQ1 200113 of 1930.05%1.2%21Exited by Q2 2021+283%
MTG MGIC INVESTMENT CORPQ2 20011 of 1290.6%3.0%4Exited by Q3 2002−5.8%
CVX CHEVRON CORP NEWQ4 20012 of 1971.4%2.7%64Exited by Q2 2025+273%
MMM 3M COQ3 20021 of 1652.7%2.7%27Exited by Q4 2015+158%
GS GOLDMAN SACHS GROUP INCQ3 20022 of 2293.6%6.3%9Exited by Q2 2005+67%
NTRS NORTHERN TRUST CORPORATIONQ4 20021 of 1172.0%2.0%9Exited by Q2 2005+24%
HRB H&R BLOCK INCQ4 20024 of 1237.0%7.3%8Exited by Q2 2005+26%
ZBH ZIMMER HOLDINGS INCQ3 20031 of 1446.5%7.8%11Exited by Q2 2006+23%
WST WEST PHARMACEUTICAL SVSC INCQ3 20034 of 1390.10%1.8%44Exited by Q4 2022+3044%
MOG/A MOOG INCQ4 20031 of 960.1%1.1%47Held at last filing, Q2 2026+1830%
CALM CAL MAINE FOODSQ4 20034 of 1030.07%1.3%14Exited by Q1 2015+325%
MCO MOODY'S CORPQ1 20047 of 1766.5%11.5%15Exited by Q1 2008+0.9%
ODFL OLD DOMINION FREIGHT LINE INQ1 20047 of 1260.05%1.6%28Exited by Q3 2024+7835%
ACH OWENS & MINOR INC NEWQ2 20041 of 910.08%1.2%30Exited by Q1 2021+57%
RES RPC INCQ2 20041 of 900.08%1.1%26Exited by Q2 2013+630%
MLI MUELLER INDUSTRIES INCQ3 20041 of 1030.04%1.4%21Exited by Q1 2010−42%
EXPD EXPEDITORS INTL OF WASH INCQ3 20042 of 1203.5%12.5%26Exited by Q2 2011+94%
EA ELECTRONIC ARTSQ1 20051 of 2344.4%8.4%14Exited by Q4 2008−29%
ATR APTARGROUP INCQ4 20051 of 1010.03%1.8%11Exited by Q1 2009+35%
SNA SNAP ON INCQ4 20052 of 1080.06%2.4%47Exited by Q2 2025+797%
OTTR OTTER TAIL CORPQ1 20061 of 690.06%1.3%15Exited by Q1 2010−13%
TNC TENNANT COQ1 20061 of 720.04%1.4%9Exited by Q3 2008+15%
KMT KENNAMETAL INCQ1 20062 of 1090.04%1.2%9Exited by Q3 2008+6.5%
AVA AVISTA CORPQ3 20061 of 990.09%2.2%41Exited by Q1 2017+69%
AMZN AMAZON COM INCQ3 20062 of 3780.04%5.2%78Held at last filing, Q2 2026+14741%
AEIS ADVANCED ENERGY INDSQ2 20071 of 1210.5%1.4%23Held at last filing, Q2 2026+1546%
FIX COMFORT SYS USA INCQ2 20071 of 1510.5%1.4%17Held at last filing, Q2 2026+13877%
GPI GROUP 1 AUTOMOTIVE INCQ2 20071 of 1190.5%1.0%22Held at last filing, Q2 2026+622%
MKSI MKS INC.Q2 20071 of 1830.5%2.1%37Held at last filing, Q2 2026+1506%
IWN ISHARES TRQ2 20072 of 640.07%3.7%7Exited by Q1 2024+89%

Concentration and tenure

7.7%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
52.8%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
4
Median completed holding, quarters