# Icon (ICLR): value investors who own it | moatshark

5 value investors held Icon in their Q3 2026 13F, led by Brave Warrior Advisors, Ruane, Cunniff & Goldfarb (Sequoia), Muhlenkamp & Company, First Pacific…

## 13F holders

| Manager | Portfolio | Value | Change | Quarters held |
| --- | --- | --- | --- | --- |
| Brave Warrior Advisors | 11.9% | $548m | Added +5.2% | 2 |
| Ruane, Cunniff & Goldfarb (Sequoia) | 5.5% | $356m | Added +25% | 7 |
| Muhlenkamp & Company | 3.3% | $11.5m | Added +0.5% | 4 |
| First Pacific Advisors (FPA) | 1.3% | $105m | Trimmed -39% | 16 |
| Harris Associates (Oakmark) | 1.0% | $776m | Added +2.7% | 5 |

## Directors buying and selling (Form 4, last 12 months)

| Date | Who | Role | Bought or sold | Shares | Value |
| --- | --- | --- | --- | --- | --- |
| 2026-09-17 | Murphy Ronan Martin | Director | Sold | 5005 | $876k |
| 2026-09-17 | McCague Eugene Pacelli | Director | Sold | 3255 | $570k |
| 2026-09-16 | CLIMAX JOHN DR | Director | Sold | 5005 | $876k |
| 2026-08-11 | Murray Ciaran | Director | Sold | 1880 | $309k |
| 2026-08-11 | Clerkin Nigel Bernard John | Chief Financial Officer | Sold | 1591 | $262k |
| 2026-08-11 | O'Neill Julie | Director | Sold | 642 | $106k |
| 2026-08-11 | CLIMAX JOHN DR | Director | Sold | 591 | $97k |
| 2026-08-11 | Grais Linda | Director | Sold | 590 | $97k |
| 2026-08-11 | Murray Ciaran | Director | Sold | 305 | $50k |
| 2026-08-11 | Murray Ciaran | Director | Sold | 280 | $46k |
| 2026-08-11 | Clerkin Nigel Bernard John | Chief Financial Officer | Sold | 259 | $42k |
| 2026-08-11 | Clerkin Nigel Bernard John | Chief Financial Officer | Sold | 237 | $39k |
| 2026-08-11 | Murray Ciaran | Director | Sold | 212 | $35k |
| 2026-08-11 | Clerkin Nigel Bernard John | Chief Financial Officer | Sold | 180 | $30k |
| 2026-08-11 | O'Neill Julie | Director | Sold | 105 | $17k |
| 2026-08-11 | Grais Linda | Director | Sold | 97 | $16k |
| 2026-08-11 | McCague Eugene Pacelli | Director | Sold | 96 | $16k |
| 2026-08-11 | CLIMAX JOHN DR | Director | Sold | 95 | $16k |
| 2026-08-11 | O'Neill Julie | Director | Sold | 95 | $15k |
| 2026-08-11 | CLIMAX JOHN DR | Director | Sold | 88 | $14k |

## Fund holders

| Fund | Manager | Weight | Value | As at |
| --- | --- | --- | --- | --- |
| Sequoia Fund | Ruane, Cunniff & Goldfarb (Sequoia) | 4.2% | $152m | 2026-06-30 |
| Muhlenkamp Fund | Muhlenkamp & Company | 2.9% | $7.6m | 2026-06-30 |
| FPA Crescent Fund | First Pacific Advisors (FPA) | 0.5% | $66.4m | 2026-06-30 |

Source: SEC filings, via moatshark (https://www.moatshark.com/s/iclr). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.