WCM Investment Management

growth, quality, international, active

Quarters 53

2025-12-31 $48.57B

Positions 241

2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30

Quarter Analysis

13F change notes for WCM Investment Management in 2025-12-31.

WCM's quiet quarter — book $48.6B, all persistence flags. Two new positions worth noting: Shopify 2.26% (re-entry) and Ferguson 2.05% (UK plumbing distributor). AppLovin top weight at 6.79%, +833% unrealized — by far the standout multi-bagger in WCM's international book. Top-3 weight 22.9% → 19.7% from price as AppLovin pulled back.

★ HELD
APPLOVIN CORP APP
Top weight 6.79%, +833% unrealized over just 8 quarters — WCM's best multi-bagger of the AI cycle.
★ HELD
TAIWAN SEMICONDUCTOR MFG LTD TSM
52 quarters at +90% unrealized — anchor.
★ HELD
ASML HOLDING N V ASML
39 quarters at +250% unrealized.
★ HELD
AMAZON COM INC AMZN
52 quarters at +78% unrealized.
+ NEW
SHOPIFY INC SHOP
New 2.26% — re-initiated SHOP, possibly tracking the broader growth-PM Shopify consensus.
+ NEW
FERGUSON ENTERPRISES INC FERG
New 2.05% — UK plumbing-distribution quality compounder, classic WCM moat pick.