CIK 1784260
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 |
|---|---|---|
| Commercial Services & Supplies | 35.02% | 5 |
| Banks | 13.17% | 1 |
| Unclassified | 11.14% | 6 |
| Transportation Infrastructure | 11.08% | 1 |
| Machinery | 10.29% | 1 |
| Media & Entertainment | 8.42% | 6 |
| Road & Rail | 6.46% | 2 |
| Semiconductors & Semiconductor Equipment | 3.98% | 1 |
| Specialty Retail | 0.34% | 1 |
| Airlines | 0.10% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | AXP | AMERICAN EXPRESS CO | Financials | 13.17% |
| 2 | BKNG | Booking Holdings Inc. | Industrials | 11.08% |
| 3 | BRK.B | BERKSHIRE HATHAWAY INC | Financials | 10.76% |
| 4 | MA | Mastercard Inc | Financials | 10.34% |
| 5 | DE | DEERE & CO | Industrials | 10.29% |
| 6 | SPGI | S&P Global Inc. | Industrials | 8.74% |
| 7 | SUNB | Sunbelt Rentals Holdings, Inc. | Industrials | 8.18% |
| 8 | MCO | MOODYS CORP /DE/ | Industrials | 7.40% |
| 9 | CP | CANADIAN PACIFIC KANSAS CITY LTD/CN | Industrials | 6.34% |
| 10 | CMCSA | COMCAST CORP | Communication Services | 5.05% |
20/25 names classified · sector 99.6% of weight · industry 88.9% · mkt cap 99.3%; 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: 99.6% of the book is sector-classified (unclassified names shown, never dropped).
Classified: 72.7% of book weight (11/25 names) · unclassified 27.3%: BRK.B, SUNB, CP, LBRDK, W, VSNT, EWU, GLIBK, CNI, RYAAY +4 more. 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 | AXPAMERICAN EXPRESS CO | 2,844,158 | $860M | 13.2% | TRIM −2% |
| 2 | BKNGBOOKING HOLDINGS INC | 171,900 | $724M | 11.1% | ADD 20% |
| 3 | BRK.BBERKSHIRE HATHAWAY INC DEL | 1,466,548 | $703M | 10.8% | HOLD |
| 4 | MAMASTERCARD INCORPORATED | 1,352,607 | $676M | 10.3% | TRIM −2% |
| 5 | DEDEERE & CO | 1,194,008 | $673M | 10.3% | HOLD |
| 6 | SPGIS&P GLOBAL INC | 1,342,430 | $571M | 8.7% | ADD 26% |
| 7 | SUNBSUNBELT RENTALS HOLDINGS INC | 8,511,833 | $534M | 8.2% | NEW |
| 8 | MCOMOODYS CORP | 1,108,934 | $484M | 7.4% | HOLD |
| 9 | CPCANADIAN PACIFIC KANSAS CITY | 5,264,204 | $414M | 6.3% | HOLD |
| 10 | CMCSACOMCAST CORP NEW | 11,493,697 | $330M | 5.1% | HOLD |
| 11 | TXNTEXAS INSTRS INC | 1,340,229 | $260M | 4.0% | HOLD |
| 12 | CHTRCHARTER COMMUNICATIONS INC | 563,266 | $122M | 1.9% | HOLD |
| 13 | LBRDKLIBERTY BROADBAND CORP | 936,848 | $47M | 0.7% | HOLD |
| 14 | CABOCABLE ONE INC | 280,084 | $26M | 0.4% | TRIM −2% |
| 15 | VVISA INC | 76,565 | $23M | 0.4% | ADD 13% |
| 16 | WWAYFAIR INC | 297,817 | $22M | 0.3% | ADD 13% |
| 17 | VSNTVERSANT MEDIA GROUP INC | 448,199 | $17M | 0.3% | NEW |
| 18 | EWUISHARES TR | 233,567 | $11M | 0.2% | TRIM −16% |
| 19 | GLIBKGCI LIBERTY INC | 253,536 | $9M | 0.1% | HOLD |
| 20 | CNICANADIAN NATL RY CO | 77,296 | $8M | 0.1% | ADD 13% |
| 21 | RYAAYRYANAIR HOLDINGS PLC | 112,652 | $7M | 0.1% | HOLD |
| 22 | AAXJISHARES TR | 50,372 | $5M | 0.1% | TRIM −12% |
| 23 | IEMGISHARES INC | 62,909 | $4M | 0.1% | TRIM −19% |
| 24 | IVVISHARES TR | 4,929 | $3M | 0.0% | HOLD |
| 25 | VGKVANGUARD INTL EQUITY INDEX F | 24,443 | $2M | 0.0% | TRIM −56% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| AXPAMERICAN EXPRESS CO | 2.8M | 2.8M | 2.8M | 2.9M | 2.9M | 2.8M | $860M |
| BKNGBOOKING HOLDINGS INC | 136K | 136K | 138K | 142K | 143K | 172K | $724M |
| BRK.BBERKSHIRE HATHAWAY INC DEL | 1.4M | 1.4M | 1.4M | 1.5M | 1.5M | 1.5M | $703M |
| MAMASTERCARD INCORPORATED | 1.3M | 1.3M | 1.3M | 1.4M | 1.4M | 1.4M | $676M |
| DEDEERE & CO | 1.2M | 1.2M | 1.2M | 1.2M | 1.2M | 1.2M | $673M |
| SPGIS&P GLOBAL INC | 1.0M | 1.0M | 1.0M | 1.1M | 1.1M | 1.3M | $571M |
| SUNBSUNBELT RENTALS HOLDINGS INC | — | — | — | — | — | 8.5M | $534M |
| MCOMOODYS CORP | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M | $484M |
| CPCANADIAN PACIFIC KANSAS CITY | 5.1M | 5.1M | 5.1M | 5.3M | 5.4M | 5.3M | $414M |
| CMCSACOMCAST CORP NEW | 10.9M | 11.0M | 11.2M | 11.3M | 11.4M | 11.5M | $330M |
| TXNTEXAS INSTRS INC | 117K | 1.3M | 1.3M | 1.3M | 1.3M | 1.3M | $260M |
| CHTRCHARTER COMMUNICATIONS INC | 544K | 550K | 554K | 558K | 567K | 563K | $122M |
| LBRDKLIBERTY BROADBAND CORP | 839K | 833K | 934K | 943K | 953K | 937K | $47M |
| CABOCABLE ONE INC | 294K | 292K | 290K | 288K | 287K | 280K | $26M |
| VVISA INC | 56K | 58K | 63K | 64K | 68K | 77K | $23M |
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.
Where this firm's principals came from and which firms its alumni went on to found.
