CIK 1033225
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Insurance | 11.95% | 1 |
| Specialty Retail | 11.40% | 3 |
| Pharmaceuticals & Biotechnology | 10.88% | 1 |
| Unclassified | 9.97% | 2 |
| Banks | 9.16% | 2 |
| Chemicals | 8.22% | 2 |
| Software & IT Services | 7.68% | 3 |
| Real Estate Management & Development | 7.32% | 1 |
| Media & Entertainment | 7.14% | 1 |
| Construction Materials | 6.04% | 1 |
| Professional Services | 5.29% | 1 |
| Road & Rail | 3.82% | 1 |
| Capital Markets | 1.03% | 1 |
| Transportation Infrastructure | 0.09% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | PGR | PROGRESSIVE CORP/OH/ | Financials | 11.95% |
| 2 | REGN | REGENERON PHARMACEUTICALS, INC. | Health Care | 10.88% |
| 3 | BRK.B | BERKSHIRE HATHAWAY INC | Financials | 9.96% |
| 4 | BN | BROOKFIELD Corp /ON/ | Real Estate | 7.32% |
| 5 | AMZN | AMAZON COM INC | Consumer Discretionary | 7.17% |
| 6 | NFLX | NETFLIX INC | Communication Services | 7.14% |
| 7 | MLM | MARTIN MARIETTA MATERIALS INC | Materials | 6.04% |
| 8 | JPM | JPMORGAN CHASE & CO | Financials | 5.40% |
| 9 | ECL | ECOLAB INC. | Materials | 5.32% |
| 10 | PAYX | PAYCHEX INC | Industrials | 5.29% |
20/21 names classified · sector 100.0% of weight · industry 90.0% · mkt cap 91.6%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 100.0% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 81.7% of book weight (17/21 names) · unclassified 18.3%: BRK.B, BN, BAM, RSP. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | PGRPROGRESSIVE CORP | 880,863 | $175M | 11.9% | HOLD |
| 2 | REGNREGENERON PHARMACEUTICALS | 205,871 | $159M | 10.9% | HOLD |
| 3 | BRK.BBERKSHIRE HATHAWAY INC DEL | 303,705 | $146M | 10.0% | HOLD |
| 4 | BNBROOKFIELD CORP | 2,642,836 | $107M | 7.3% | TRIM −2% |
| 5 | AMZNAMAZON COM INC | 503,120 | $105M | 7.2% | HOLD |
| 6 | NFLXNETFLIX INC | 1,085,346 | $104M | 7.1% | HOLD |
| 7 | MLMMARTIN MARIETTA MATLS INC | 149,912 | $88M | 6.0% | HOLD |
| 8 | JPMJPMORGAN CHASE & CO | 268,256 | $79M | 5.4% | HOLD |
| 9 | ECLECOLAB INC | 292,116 | $78M | 5.3% | HOLD |
| 10 | PAYXPAYCHEX INC | 839,205 | $77M | 5.3% | HOLD |
| 11 | GOOGLALPHABET INC | 246,102 | $71M | 4.8% | HOLD |
| 12 | CPRTCOPART INC | 1,708,574 | $57M | 3.9% | ADD 15% |
| 13 | UNPUNION PAC CORP | 230,249 | $56M | 3.8% | HOLD |
| 14 | WFCWELLS FARGO CO NEW | 690,614 | $55M | 3.8% | HOLD |
| 15 | NKENIKE INC | 803,021 | $42M | 2.9% | HOLD |
| 16 | FDSFACTSET RESH SYS INC | 188,141 | $41M | 2.8% | HOLD |
| 17 | BAMBROOKFIELD ASSET MANAGMT LTD | 339,035 | $15M | 1.0% | HOLD |
| 18 | FASTFASTENAL CO | 109,280 | $5M | 0.3% | TRIM −88% |
| 19 | EXPDEXPEDITORS INTL WASH INC | 8,860 | $1M | 0.1% | TRIM −22% |
| 20 | GOOGALPHABET INC | 2,125 | $609,577 | 0.0% | HOLD |
| 21 | RSPINVESCO EXCHANGE TRADED FD T | 1,195 | $229,344 | 0.0% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| PGRPROGRESSIVE CORP | 1.0M | 952K | 929K | 913K | 884K | 881K | $175M |
| REGNREGENERON PHARMACEUTICALS | 170K | 197K | 218K | 213K | 208K | 206K | $159M |
| BRK.BBERKSHIRE HATHAWAY INC DEL | 339K | 334K | 327K | 319K | 308K | 304K | $146M |
| BNBROOKFIELD CORP | 2.0M | 2.0M | 1.9M | 1.9M | 2.7M | 2.6M | $107M |
| AMZNAMAZON COM INC | 569K | 569K | 545K | 531K | 512K | 503K | $105M |
| NFLXNETFLIX INC | 170K | 120K | 114K | 111K | 1.1M | 1.1M | $104M |
| MLMMARTIN MARIETTA MATLS INC | 101K | 167K | 162K | 158K | 152K | 150K | $88M |
| JPMJPMORGAN CHASE & CO | 238K | 238K | 290K | 284K | 269K | 268K | $79M |
| ECLECOLAB INC | 329K | 324K | 316K | 309K | 297K | 292K | $78M |
| PAYXPAYCHEX INC | 912K | 899K | 874K | 858K | 843K | 839K | $77M |
| GOOGLALPHABET INC | 274K | 273K | 274K | 267K | 248K | 246K | $71M |
| CPRTCOPART INC | — | — | — | — | 1.5M | 1.7M | $57M |
| UNPUNION PAC CORP | 181K | 176K | 246K | 243K | 233K | 230K | $56M |
| WFCWELLS FARGO CO NEW | 823K | 789K | 762K | 744K | 700K | 691K | $55M |
| NKENIKE INC | 887K | 874K | 861K | 834K | 812K | 803K | $42M |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
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