Briar Hall Management LLC Portfolio Holdings

Q3 2025•1 long positions•$6.7B portfolio value

Holding1	Sector	Position↕	Traded↕	Ownership↕	Shares Δ↕	Shares Δ %	Market Cap↕	Owned Since↕
1 Illinois Tool Works ITW	Industrial - Machinery Industrials	$6.7B 100.0%	—	8.86% 25.8M shares	—	—	$76.0B Large Cap	Q4 2017 Held for 8 years

Holding1	Sector	Position↕	Traded↕	Ownership↕	Shares Δ↕	Shares Δ %	Market Cap↕	Owned Since↕
1 Illinois Tool Works ITW	Industrial - Machinery Industrials	$6.7B 100.0%	—	8.86% 25.8M shares	—	—	$76.0B Large Cap	Q4 2017 Held for 8 years

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