Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (54 quarters reported)
$4.2B in Q2 2013 → $6.36B now. Hover for any quarter.
As reported for the quarter ended September 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| Gildan Activewear | 3.5% | Trimmed 20% | 5,200,323 | $222M |
| Rb Global Inc | 3.1% | Trimmed 1.9% | 2,431,967 | $198M |
| R Renaissancere | 2.9% | Trimmed 26% | 578,315 | $184M |
| WM White Mountains Insurance Grou | 2.8% | Added 2.4% | 87,203 | $175M |
| Arch Capital Group | 2.7% | Trimmed 17% | 1,831,651 | $169M |
| Sunbelt Rentals Holdings Inc | 2.4% | Trimmed 21% | 2,094,665 | $153M |
| Becton Dickinson And Company | 2.4% | Trimmed 25% | 854,452 | $153M |
| Labcorp Holdings | 2.4% | Trimmed 27% | 490,641 | $151M |
| Esab Corporation | 2.3% | Added 73% | 2,200,682 | $145M |
| Crown Castle Inc | 2.2% | Trimmed 24% | 2,060,322 | $137M |
| FN Fidelity National Financial In | 2.2% | Trimmed 26% | 3,543,952 | $137M |
| Ppg Industries | 2.0% | Trimmed 23% | 1,231,884 | $129M |
| CR Charles River Laboratories | 2.0% | Trimmed 43% | 432,121 | $127M |
| Omnicom Group | 1.9% | Trimmed 28% | 1,642,016 | $121M |
| Msa Safety | 1.9% | Trimmed 6.5% | 678,102 | $121M |
| Ryman Hospitality Properties | 1.8% | Trimmed 8.0% | 966,928 | $116M |
| Arthur J. Gallagher & Co. | 1.8% | Trimmed 34% | 506,205 | $115M |
| Teleflex Incorporated | 1.8% | Trimmed 11% | 900,561 | $113M |
| Brookfield Asset Management - | 1.7% | Trimmed 21% | 2,417,157 | $108M |
| Allegion PLC | 1.6% | Trimmed 26% | 678,670 | $104M |
| The Walt Disney Company | 1.6% | Trimmed 35% | 976,217 | $102M |
| Fiserv Inc | 1.6% | Trimmed 25% | 2,237,022 | $101M |
| Occidental Petroleum | 1.5% | Trimmed 21% | 1,764,179 | $97.6M |
| Conocophillips | 1.5% | Trimmed 37% | 774,526 | $96.9M |
| Middleby Corp | 1.5% | Added 48% | 932,553 | $96.6M |
| Valvoline Inc | 1.5% | Trimmed 9.1% | 3,156,308 | $95.1M |
| CG Cbre Group Inc. Cl A | 1.5% | Trimmed 26% | 737,916 | $94.8M |
| Aercap Holdings N.v. | 1.5% | Trimmed 30% | 651,665 | $93.5M |
| WM Warner Music Group Corp Cl A | 1.4% | Trimmed 28% | 3,306,697 | $91.3M |
| Brookfield Corp | 1.4% | Trimmed 28% | 2,496,727 | $91M |
| Aramark | 1.4% | Trimmed 27% | 1,690,085 | $90.5M |
| Glacier Bancorp Inc | 1.4% | Trimmed 8.8% | 2,090,366 | $90.3M |
| Essent Group Ltd | 1.4% | Trimmed 9.8% | 1,487,879 | $86.2M |
| AD Avery Dennison Corp Com | 1.4% | Trimmed 30% | 503,132 | $85.9M |
| Woodward | 1.2% | Trimmed 24% | 241,568 | $79.4M |
| Hasbro | 1.2% | Trimmed 23% | 898,957 | $78.8M |
| Api Group | 1.2% | Added 14% | 2,030,753 | $78.4M |
| Unitedhealth Group | 1.2% | Trimmed 36% | 213,174 | $78.3M |
| Ingredion Incorporated | 1.2% | Trimmed 24% | 785,849 | $75.3M |
| CC Carlisle Companies Incorporate | 1.2% | Trimmed 29% | 231,937 | $74.7M |
| Chubb Limited | 1.1% | Trimmed 35% | 222,836 | $72.5M |
| Asbury Automotive Group Inc | 1.0% | New | 378,221 | $65.2M |
| M&T Bank Corporation | 1.0% | Trimmed 1.5% | 295,000 | $64.2M |
| Eog Resources Inc | 1.0% | Trimmed 30% | 465,218 | $64.1M |
| Armstrong World Industries Inc | 1.0% | Added 71% | 392,406 | $63.5M |
| Bank Of America | 1.0% | Trimmed 38% | 1,148,262 | $62.5M |
| Lkq Corp | 0.9% | Trimmed 28% | 2,617,610 | $59.8M |
| IF International Flavors & Fragra | 0.8% | Added 7.3% | 645,778 | $53.9M |
| Lithia Motors Inc | 0.8% | Trimmed 40% | 182,353 | $53.2M |
| The Kraft Heinz Company | 0.8% | Trimmed 41% | 2,197,947 | $49.9M |
| Mks Inc. | 0.8% | Added 9.6% | 181,089 | $48.1M |
| Verizon Communications | 0.7% | Trimmed 47% | 1,018,273 | $46.7M |
| Enerpac Tool Group Corp | 0.7% | Added 1.6% | 1,305,296 | $45.5M |
| Dentsply Sirona Inc | 0.7% | Trimmed 27% | 5,089,385 | $45.1M |
| Tetra Tech Inc | 0.7% | Trimmed 24% | 1,353,243 | $44.6M |
| Markel Group | 0.7% | Trimmed 9.7% | 25,877 | $44.3M |
| Medtronic PLC | 0.6% | Trimmed 40% | 477,037 | $41.2M |
| UP Unilever PLC ADR | 0.6% | Trimmed 45% | 673,584 | $40.9M |
| Charles Schwab Corporation | 0.6% | Trimmed 46% | 372,462 | $36.4M |
| Automatic Data Processing Inc. | 0.6% | Trimmed 57% | 140,819 | $36.3M |
Showing top 60 of 100 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2026 · filed October 21, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| CR Charles River Laboratories | Trimmed | −323,509 | −$95.4M | 2.0% |
| Waters Corp | Trimmed | −173,401 | −$76.2M | 0.3% |
| Asbury Automotive Group Inc | New | +378,221 | +$65.2M | 1.0% |
| H.b. Fuller Company | Exited | −1,105,022 | −$64.4M | — |
| R Renaissancere | Trimmed | −198,284 | −$63.1M | 2.9% |
| Esab Corporation | Added | +930,955 | +$61.3M | 2.3% |
| Arthur J. Gallagher & Co. | Trimmed | −263,418 | −$60.1M | 1.8% |
| The Walt Disney Company | Trimmed | −537,193 | −$56.4M | 1.6% |
| Gildan Activewear | Trimmed | −1,321,569 | −$56.3M | 3.5% |
| Conocophillips | Trimmed | −446,661 | −$55.9M | 1.5% |
Showing the 10 largest of 98 changes.
quarter ended June 30, 2026 · filed July 30, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| State Street | Trimmed | −676,970 | −$115M | — |
| The Timken Company | Trimmed | −576,153 | −$83.7M | 0.6% |
| Aramark | Trimmed | −1,468,696 | −$83.6M | 1.5% |
| Stanley Black & Decker | Exited | −833,900 | −$59.3M | — |
| Tetra Tech Inc | New | +1,785,403 | +$51.6M | 0.6% |
| Atlas Energy Solutions Inc | Trimmed | −2,494,964 | −$41.4M | — |
| WM White Mountains Insurance Grou | Trimmed | −19,737 | −$40.9M | 2.0% |
| Allegion PLC | Added | +285,250 | +$40.1M | 1.5% |
| Ppg Industries | Added | +308,386 | +$37.4M | 2.2% |
| Ryman Hospitality Properties | Trimmed | −281,510 | −$36.2M | 1.6% |
Showing the 10 largest of 102 changes.
quarter ended March 31, 2026 · filed May 04, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Sunbelt Rentals Holdings Inc | New | +2,817,173 | +$182M | 2.1% |
| Mks Inc. | Trimmed | −756,655 | −$174M | 0.5% |
| Arthur J. Gallagher & Co. | New | +622,633 | +$135M | 1.5% |
| Xpo Inc | Exited | −933,703 | −$127M | — |
| Atmos Energy | Trimmed | −637,699 | −$118M | — |
| Lithia Motors Inc | New | +346,436 | +$86.5M | 1.0% |
| Waters Corp | New | +268,853 | +$80.1M | 0.9% |
| Johnson & Johnson | Trimmed | −325,835 | −$79.6M | 0.7% |
| R Renaissancere | Trimmed | −253,508 | −$75.4M | 2.8% |
| Chubb Limited | Trimmed | −215,564 | −$70.3M | 1.3% |
Showing the 10 largest of 107 changes.
quarter ended December 31, 2025 · filed February 09, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Aercap Holdings N.v. | Trimmed | −1,257,050 | −$181M | 1.6% |
| Aramark | New | +3,204,294 | +$118M | 1.2% |
| Fiserv Inc | Added | +1,749,682 | +$118M | 1.6% |
| AD Avery Dennison Corp Com | New | +580,689 | +$106M | 1.1% |
| Carmax Inc | Exited | −2,241,359 | −$101M | — |
| Open Text Corp | Trimmed | −3,076,710 | −$100M | 0.4% |
| Te Connectivity | Trimmed | −367,444 | −$83.6M | — |
| The Walt Disney Company | Added | +641,829 | +$73M | 1.7% |
| Flowers Foods Inc | Exited | −5,463,003 | −$71.3M | — |
| Woodward | Trimmed | −225,456 | −$68.2M | 1.5% |
Showing the 10 largest of 107 changes.
quarter ended September 30, 2025 · filed October 31, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Arch Capital Group | New | +2,323,991 | +$211M | 2.2% |
| Te Connectivity | Trimmed | −866,288 | −$190M | 0.8% |
| PM Philip Morris Int'l | Trimmed | −865,161 | −$140M | — |
| State Street | Trimmed | −1,097,831 | −$127M | 1.3% |
| Hanesbrands Inc | Trimmed | −15,065,823 | −$99.3M | — |
| Woodward | Trimmed | −333,372 | −$84.2M | 1.8% |
| Arrow Electronics | Trimmed | −682,783 | −$82.6M | 0.6% |
| Brookfield Corp | Trimmed | −1,162,873 | −$79.7M | 1.7% |
| Open Text Corp | Trimmed | −1,761,347 | −$65.8M | 1.7% |
| CG Cbre Group Inc. Cl A | Trimmed | −389,121 | −$61.3M | 1.1% |
Showing the 10 largest of 101 changes.
quarter ended June 30, 2025 · filed August 04, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Valvoline Inc | New | +2,917,906 | +$111M | 1.1% |
| Xpo Inc | New | +856,898 | +$108M | 1.1% |
| American Eagle Outfitters | Exited | −7,791,193 | −$90.5M | — |
| Api Group | Trimmed | −1,714,922 | −$87.5M | 1.1% |
| Bank Of America | Added | +1,674,090 | +$79.2M | 1.5% |
| Arrow Electronics | Trimmed | −583,928 | −$74.4M | 1.5% |
| The Timken Company | Added | +855,961 | +$62.1M | 0.8% |
| Te Connectivity | Trimmed | −337,634 | −$56.9M | 2.1% |
| Crown Castle Inc | Trimmed | −538,863 | −$55.4M | 2.3% |
| Allegion PLC | Added | +295,395 | +$42.6M | 0.8% |
Showing the 10 largest of 98 changes.
quarter ended March 31, 2025 · filed May 02, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Gentex Corporation | Exited | −3,773,106 | −$108M | — |
| Gildan Activewear | Trimmed | −1,969,145 | −$87.1M | 3.3% |
| CC Carlisle Companies Incorporate | New | +217,605 | +$74.1M | 0.7% |
| Kenvue Inc | Trimmed | −2,681,477 | −$64.3M | — |
| State Street | Trimmed | −520,042 | −$46.6M | 2.1% |
| R Renaissancere | Added | +190,139 | +$45.6M | 3.0% |
| PM Philip Morris Int'l | Trimmed | −286,144 | −$45.4M | 1.7% |
| WM White Mountains Insurance Grou | Added | +20,582 | +$39.6M | 1.1% |
| Markel Group | Trimmed | −20,327 | −$38M | 0.6% |
| H.b. Fuller Company | New | +656,270 | +$36.8M | 0.4% |
Showing the 10 largest of 99 changes.
quarter ended December 31, 2024 · filed February 07, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Discover Financial Services | Exited | −1,031,438 | −$145M | — |
| Ppg Industries | New | +902,889 | +$108M | 1.0% |
| CG Cbre Group Inc. Cl A | Trimmed | −588,648 | −$77.3M | 1.1% |
| Ryman Hospitality Properties | New | +716,994 | +$74.8M | 0.7% |
| The Walt Disney Company | New | +656,408 | +$73.1M | 0.7% |
| WM White Mountains Insurance Grou | New | +34,070 | +$66.3M | 0.6% |
| Brookfield Asset Management - | Trimmed | −1,036,550 | −$56.2M | 1.0% |
| Brookfield Corp | Trimmed | −945,538 | −$54.3M | 2.1% |
| Atmos Energy | Trimmed | −368,198 | −$51.3M | 1.5% |
| Glacier Bancorp Inc | Trimmed | −1,017,420 | −$51.1M | 1.5% |
Showing the 10 largest of 97 changes.
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