Sunbelt Rentals (formerly UK-based Ashtead Group) is the number two equipment rental company in the US (11% market share), with a smaller presence in Canada and the UK. Sunbelt operates a rental fleet of just over $20 billion across a network of 1,200 stores in the US, nearly 135 stores in Canada, and and 190 stores in the UK. The company has experienced rapid growth over the past decade as its customers increasingly turn to rental versus owning equipment outright. The general tool business has been augmented by the Specialty Rental business, which has grown to 30% of the mix. Revenue is now greater than 50% nonconstruction, with the remainder focused more directly on commercial construction.

Institution	Shares	Value	Change
Vanguard	58,709,194	$4.4B	INCREASED
Dodge & Cox	54,761,610	$4.1B	INCREASED
BlackRock	15,155,059	$1.1B	INCREASED
Wellington Management	11,057,926	$807M	DECREASED
Harris Associates L P	10,461,105	$783M	DECREASED

Sunbelt Rentals Holdings, Inc. (SUNB) Ownership & Trading Activity

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