John Armitage's Egerton Capital significantly increased its investment in Ferguson Enterprises, a major distributor of plumbing and heating products. According to a quarterly disclosure, the firm boosted its holdings by nearly 59% to just over 1 million shares, valued at approximately $238.76 million as of June 30, 2026. This data, released in a delayed 13F filing, reflects trades made during the second quarter.
This increased investment coincided with a period of notable activity for Ferguson. In early August 2026, the company was added to the S&P 500 index. This followed a July announcement of its agreement to acquire FloWorks for roughly $1.6 billion. Ferguson also raised its full-year sales guidance in August, citing strong performance.