CI
CCLA Investment Management — 13F Filing & Top Stock Positions (Q4 2025)
CCLA Investment ManagementCIK: 0001631562
Diversified strategyQuality / disciplined sizingMomentum follower
Total reported value
$6.2B
Reporting period: 2025-12-31 · Number of holdings: 55
CCLA Investment Management disclosed 55 holdings in its latest 13F filing for the period ending 2025-12-31, with total reported value of $6.2B and a quarterly turnover rate of 15.1%.
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Personality snowflake
- Concentration
- 10.73
- Portfolio Stability
- 15.09
- Momentum
- 77.03
- Sector conviction
- 57.27
- Diversification
- 100
- Sizing Uniformity
- 93.04
CCLA Investment Management's disclosed holdings carry a Herfindahl concentration index of 0.027 — mathematically equivalent to about 37 equally-sized positions, close to its 55 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.70), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 55% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd GOOG
-3.1% $86.1M
Trim ORLY
-10.0% -$33.2M
Trim MSFT
-1.2% -$28.7M
Trim SNPS
-13.6% -$28.3M
Trim AJG
-1.0% -$25.6M
Trim FTNT
-15.6% -$25.4M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 6.93% | +1.40% | -3.10% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 5.47% | -0.44% | -1.21% | |
| 3 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 4.57% | +0.27% | +0.77% | |
| 4 | AVGO | Broadcom Inc | Stock-Tech | 3.53% | +0.20% | +0.73% | |
| 5 | V | Visa Inc-class A Shares | Stock-Financials | 2.93% | +0.04% | -1.39% | |
| 6 | SPGI | S&p Global Inc | Stock-Financials | 2.80% | +0.16% | -1.39% | |
| 7 | BIP | Brookfield Infrastructure Partners L.P. | Stock-Utilities | 2.62% | +0.28% | +5.70% | |
| 8 | KO | Coca-cola Co/the | Stock-Consumer Staples | 2.55% | +0.10% | -1.45% | |
| 9 | HDB | Hdfc Bank Ltd-adr | Stock-Financials | 2.51% | +0.13% | -1.52% | |
| 10 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 2.49% | +0.16% | -11.11% | |
| 11 | INTU | Intuit Inc | Stock-Tech | 2.37% | +0.14% | +8.87% | |
| 12 | CME | Cme Group Inc | Stock-Financials | 2.30% | -0.14% | -7.07% | |
| 13 | DHR | Danaher CORP | Stock-Healthcare | 2.29% | -0.01% | -14.24% | |
| 14 | A | Agilent Technologies Inc | Stock-Healthcare | 2.29% | +0.18% | +1.90% | |
| 15 | SYK | Stryker CORP | Stock-Healthcare | 2.27% | — | +4.63% | |
| 16 | MA | Mastercard Inc - A | Stock-Financials | 2.25% | -0.02% | -1.56% | |
| 17 | ICE | Intercontinental Exchange In | Stock-Financials | 2.17% | -0.28% | -8.29% | |
| 18 | TRU | Transunion | Stock-Financials | 2.13% | -0.13% | -8.30% | |
| 19 | SNPS | Synopsys Inc | Stock-Tech | 2.10% | -0.44% | -13.63% | |
| 20 | NXPI | NXP Semiconductors N.V. | Stock-Tech | 2.09% | -0.13% | -1.36% | |
| 21 | TW | Tradeweb Markets Inc-class A | Stock-Financials | 2.04% | — | +2.92% | |
| 22 | ROP | Roper Technologies Inc | Stock-Tech | 2.01% | -0.27% | -1.49% | |
| 23 | BAC | Bank Of America CORP | Stock-Financials | 1.99% | +1.99% | NEW | |
| 24 | AJG | Arthur J Gallagher & Co | Stock-Financials | 1.95% | -0.41% | -1.03% | |
| 25 | MRSH | Marsh & Mclennan Cos | Stock-Financials | 1.93% | -0.19% | -1.34% | |
| 26 | BKNG | Booking Holdings Inc | Stock-Consumer Disc | 1.92% | — | +0.76% | |
| 27 | PTC | Ptc Inc | Stock-Tech | 1.88% | -0.35% | -1.86% | |
| 28 | TJX | Tjx Companies Inc | Stock-Consumer Disc | 1.80% | -0.08% | -10.33% | |
| 29 | ZTS | Zoetis Inc | Stock-Healthcare | 1.79% | -0.31% | -1.47% | |
| 30 | TXN | Texas Instruments Inc | Stock-Tech | 1.77% | -0.12% | -1.15% | |
| 31 | ABT | Abbott Laboratories | Stock-Healthcare | 1.70% | -0.31% | -10.05% | |
| 32 | ORLY | O'reilly Automotive Inc | Stock-Consumer Disc | 1.70% | -0.52% | -10.00% | |
| 33 | TT | Trane Technologies plc | Stock-Industrials | 1.60% | -0.30% | -8.84% | |
| 34 | FTNT | Fortinet Inc | Stock-Tech | 1.60% | -0.40% | -15.65% | |
| 35 | IR | Ingersoll-rand Inc | Stock-Industrials | 1.58% | -0.24% | -9.32% | |
| 36 | DE | Deere & Co | Stock-Industrials | 1.53% | +0.01% | -1.38% | |
| 37 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 1.49% | -0.02% | -1.84% | |
| 38 | IHG | Intercontinental Hotels-adr | Stock-Other | 1.36% | +1.36% | NEW | |
| 39 | NOW | Servicenow Inc | Stock-Tech | 1.34% | -0.19% | +420.25% | |
| 40 | MELI | Mercadolibre Inc | Stock-Consumer Disc | 1.24% | -0.22% | -1.16% | |
| 41 | AMT | American Tower CORP | Stock-Real Estate | 1.17% | -0.12% | -1.23% | |
| 42 | BEP | Brookfield Renewable Partners L.P. | Stock-Other | 0.95% | -0.02% | -6.94% | |
| 43 | AME | Ametek Inc | Stock-Industrials | 0.89% | +0.11% | +4.99% | |
| 44 | APH | Amphenol Corp-cl A | Stock-Tech | 0.78% | +0.30% | +47.43% | |
| 45 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 0.69% | +0.05% | -0.76% | |
| 46 | NFLX | Netflix Inc | Stock-Comm Services | 0.61% | +0.61% | NEW | |
| 47 | ARCC | Ares Capital CORP | Stock-Financials | 0.55% | -0.34% | -37.49% | |
| 48 | BXSL | Blackstone Secured Lending F | Stock-Financials | 0.54% | -0.40% | -43.06% | |
| 49 | FSK | Fs Kkr Capital CORP | Stock-Financials | 0.41% | — | +1.02% | |
| 50 | MDT | Medtronic plc | Stock-Healthcare | 0.21% | +0.01% | +4.22% |
1–50 of 55
Portfolio Performance
Performance for Q3 2026
+5%
Performance Last 4 Quarters
+3.9%
- Stdev
- +13.3%
- Beta
- +0.91
- Alpha
- -10.7%
- Max Drawdown
- -10.9%
- Annualized Perf
- +6.8%
- Batting Avg vs S&P
- +25%
- Sortino
- +0.99
- Stutzer
- +0.17
- Treynor
- +0.08
- Sterling
- +0.39
- Calmar
- +0.62
- Information Ratio
- -1.94
- Tracking Error
- +6.5%
- Stdev Down
- +7.6%
- Winning Months %
- +52.8%
- Losing Months %
- +47.2%
- Best 12 Months
- +24.2%
- Worst 12 Months
- -4.6%
- Efficiency Ratio
- +0.2
- Sharpe
- +0.56
- Stdev Sectors
- +8.3%
- Skewness
- +0.4
- Kurtosis
- -0.07
- Upside Potential
- +2.92
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2025 Q4 | 55 | $6.2B | 15 | ||
| 2025 Q3 | 53 | $6.3B | 4 | ||
| 2025 Q2 | 53 | $124.8B | 0 | ||
| 2025 Q1 | 55 | $5.6B | 100 | ||
| 2024 Q4 | 59 | $6.3B | 0 | ||
| 2024 Q3 | 69 | $6.5B | 0 | ||
| 2024 Q2 | 69 | $6.5B | 0 | ||
| 2024 Q1 | 69 | $6.5B | 0 | ||
| 2023 Q4 | 70 | $6.1B | 0 | ||
| 2023 Q3 | 72 | $5.4B | 0 | ||
| 2023 Q2 | 72 | $5.6B | 0 | ||
| 2023 Q1 | 76 | $5.1B | 0 | ||
| 2022 Q4 | 72 | $4.4B | 0 | ||
| 2022 Q3 | 73 | $4.1B | 0 | ||
| 2022 Q1 | 75 | $5.6B | 0 | ||
| 2021 Q4 | 74 | $6.1B | 0 | ||
| 2021 Q3 | 74 | $6.0B | 0 | ||
| 2021 Q2 | 73 | $8.2B | 0 | ||
| 2021 Q1 | 69 | $5.0B | 0 | ||
| 2020 Q4 | 69 | $4.4B | 33 | ||
| 2020 Q3 | 61 | $3.7B | 30 | ||
| 2020 Q2 | 55 | $3.2B | 0 |
Holding changes this quarter
CCLA Investment Management's most significant position changes for 2025-12-31: New buy: Bank Of America CORP (BAC); New buy: Intercontinental Hotels-adr (IHG); Sold out: Alexandria Real Estate Equit (ARE); New buy: Netflix Inc (NFLX); Trim: Alphabet Inc-cl C (GOOG) — shares -3.10%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GOOG | Alphabet Inc-cl C | +1.4% | -3.10% | Trim |
| 2 | APH | Amphenol Corp-cl A | +0.3% | +47.43% | Add |
| 3 | BIP | Brookfield Infrastructure Partners L.P. | +0.3% | +5.70% | Add |
| 4 | AMZN | Amazon.com Inc | +0.3% | +0.77% | Add |
| 5 | AVGO | Broadcom Inc | +0.2% | +0.73% | Add |
| 6 | A | Agilent Technologies Inc | +0.2% | +1.90% | Add |
| 7 | SPGI | S&p Global Inc | +0.2% | -1.39% | Trim |
| 8 | TMO | Thermo Fisher Scientific Inc | +0.2% | -11.11% | Trim |
| 9 | INTU | Intuit Inc | +0.1% | +8.87% | Add |
| 10 | HDB | Hdfc Bank Ltd-adr | +0.1% | -1.52% | Trim |
| 11 | AME | Ametek Inc | +0.1% | +4.99% | Add |
| 12 | KO | Coca-cola Co/the | +0.1% | -1.45% | Trim |
| 13 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | -0.76% | Trim |
| 14 | V | Visa Inc-class A Shares | 0% | -1.39% | Trim |
| 15 | JNJ | Johnson & Johnson | 0% | +5.93% | Add |
| 16 | CSCO | Cisco Systems Inc | 0% | +6.82% | Add |
| 17 | MDT | Medtronic plc | 0% | +4.22% | Add |
| 18 | DE | Deere & Co | 0% | -1.38% | Trim |
| 19 | SYK | Stryker CORP | — | +4.63% | Add |
| 20 | DHR | Danaher CORP | 0% | -14.24% | Trim |
| 21 | BEP | Brookfield Renewable Partners L.P. | 0% | -6.94% | Trim |
| 22 | MA | Mastercard Inc - A | 0% | -1.56% | Trim |
| 23 | MCD | Mcdonald's CORP | 0% | -1.84% | Trim |
| 24 | TJX | Tjx Companies Inc | -0.1% | -10.33% | Trim |
| 25 | AMT | American Tower CORP | -0.1% | -1.23% | Trim |
| 26 | TXN | Texas Instruments Inc | -0.1% | -1.15% | Trim |
| 27 | TRU | Transunion | -0.1% | -8.30% | Trim |
| 28 | NXPI | NXP Semiconductors N.V. | -0.1% | -1.36% | Trim |
| 29 | CME | Cme Group Inc | -0.1% | -7.07% | Trim |
| 30 | MRSH | Marsh & Mclennan Cos | -0.2% | -1.34% | Trim |
| 31 | NOW | Servicenow Inc | -0.2% | +420.25% | Add |
| 32 | MELI | Mercadolibre Inc | -0.2% | -1.16% | Trim |
| 33 | IR | Ingersoll-rand Inc | -0.2% | -9.32% | Trim |
| 34 | ROP | Roper Technologies Inc | -0.3% | -1.49% | Trim |
| 35 | ICE | Intercontinental Exchange In | -0.3% | -8.29% | Trim |
| 36 | TT | Trane Technologies plc | -0.3% | -8.84% | Trim |
| 37 | ZTS | Zoetis Inc | -0.3% | -1.47% | Trim |
| 38 | ABT | Abbott Laboratories | -0.3% | -10.05% | Trim |
| 39 | ARCC | Ares Capital CORP | -0.3% | -37.49% | Trim |
| 40 | PTC | Ptc Inc | -0.4% | -1.86% | Trim |
| 41 | FTNT | Fortinet Inc | -0.4% | -15.65% | Trim |
| 42 | BXSL | Blackstone Secured Lending F | -0.4% | -43.06% | Trim |
| 43 | AJG | Arthur J Gallagher & Co | -0.4% | -1.03% | Trim |
| 44 | MSFT | Microsoft CORP | -0.4% | -1.21% | Trim |
| 45 | SNPS | Synopsys Inc | -0.4% | -13.63% | Trim |
| 46 | ORLY | O'reilly Automotive Inc | -0.5% | -10.00% | Trim |
| 47 | BAC | Bank Of America CORP | — | NEW | New buy |
| 48 | IHG | Intercontinental Hotels-adr | — | NEW | New buy |
| 49 | ARE | Alexandria Real Estate Equit | — | EXIT | Sold out |
| 50 | NFLX | Netflix Inc | — | NEW | New buy |
Filing History
FAQ
What is CCLA Investment Management and what type of investor is it?
CCLA Investment Management is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-12-31), the firm manages a tracked equity portfolio valued at approximately $6.2B, spread across 55 disclosed positions.
What are CCLA Investment Management's largest equity positions?
Based on the latest 13F filing, CCLA Investment Management's top holdings by market value are:
1. Alphabet Inc-cl C (GOOG) — $431.9M (6.9%)
2. Microsoft CORP (MSFT) — $340.9M (5.5%)
3. Amazon.com Inc (AMZN) — $285.0M (4.6%)
4. Broadcom Inc (AVGO) — $219.8M (3.5%)
5. Visa Inc-class A Shares (V) — $182.3M (2.9%)
What changes did CCLA Investment Management make in its most recent portfolio filing?
In the latest reported quarter, CCLA Investment Management made 50 notable position adjustments: 3 new positions were initiated, 12 existing holdings were added to, 34 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Bank Of America CORP (BAC); New buy: Intercontinental Hotels-adr (IHG); Sold out: Alexandria Real Estate Equit (ARE); New buy: Netflix Inc (NFLX); Trim: Alphabet Inc-cl C (GOOG) — shares -3.10%
What sectors does CCLA Investment Management focus on?
CCLA Investment Management is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 27.7%
• Financials: 22.3%
• Consumer Discretionary: 16.8%
• Communication Services: 13.7%
• Health Care: 11.9%
• Consumer Staples: 4.7%
Investment Profile
CCLA Investment Management returned an annualized 6.8% over the trailing 36 months — underperforming the S&P 500 by 10.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.91 (roughly in line with the market) and a 25% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
Its turnover score has risen from 0 to 15 over the past 4 quarters — a shift toward more active trading.
It has added to its GOOG position over the past two quarters (+$203.3M, now $431.9M), while trimming FTNT over the same stretch (-$54.3M, still holding $99.6M).
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Developer Access
Access CCLA Investment Management's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/ccla-investment-managementCLI
npx alphasmo institutions get ccla-investment-management