Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (53 quarters reported)
$8.58B in Q2 2013 → $8.93B now. Hover for any quarter.
As reported for the quarter ended June 30, 2026. Activity is the change in share count since the prior quarter's filing.
| Holding | % of portfolio | Activity | Shares | Value |
|---|---|---|---|---|
| AC Alphabet Inc Cl C | 12.1% | Trimmed 9.0% | 3,048,077 | $1.08B |
| BH Berkshire Hathaway Inc Cl A | 12.0% | Trimmed 1.9% | 1,432 | $1.07B |
| PM Philip Morris International In | 9.2% | Trimmed 1.6% | 4,530,846 | $820M |
| MC Mastercard Inc Cl A | 8.8% | Trimmed 2.1% | 1,522,395 | $782M |
| CF Compagnie Financiere Richemont | 8.7% | Trimmed 3.0% | 3,345,346 | $774M |
| Heineken Holding Nv | 7.6% | Trimmed 2.2% | 8,905,683 | $680M |
| NS Nestle Sa Sponsored ADR | 6.1% | Trimmed 3.0% | 5,314,898 | $546M |
| BH Berkshire Hathaway Inc Cl B | 6.1% | Trimmed 2.8% | 1,079,364 | $540M |
| Sunbelt Rentals Holdings Inc | 4.9% | Trimmed 2.5% | 5,897,825 | $441M |
| Netflix Inc | 4.6% | Added 1.8% | 5,710,088 | $408M |
| Martin Marietta Materials | 4.6% | Trimmed 1.4% | 705,367 | $407M |
| Uber Technologies Inc | 4.1% | Trimmed 1.7% | 5,084,015 | $367M |
| ES Eurofins Scientific | 3.6% | Added 32% | 4,094,034 | $321M |
| DC Doordash Inc Cl A | 2.5% | Added 18% | 1,186,104 | $219M |
| PR Pernod Ricard | 1.9% | Trimmed 5.2% | 2,351,360 | $172M |
| CN Comcast Corp New Cl A | 0.6% | Trimmed 2.6% | 2,193,660 | $53.9M |
| BC Brown-forman Corp Cl A | 0.5% | Trimmed 3.0% | 1,597,815 | $43.7M |
| VC Visa Inc Cl A | 0.3% | Trimmed 7.0% | 87,256 | $29.9M |
| Exxon Mobil Corp | 0.3% | New | 181,200 | $24.8M |
| BC Brown-forman Corp Cl B | 0.2% | Trimmed 3.1% | 639,282 | $17M |
| Anheuser-busch Inbev Sa | 0.2% | Trimmed 6.9% | 171,294 | $14.2M |
| Altria Group Inc | 0.1% | Trimmed 9.6% | 148,603 | $10.7M |
| Crane Company | 0.1% | Trimmed 5.8% | 43,937 | $9.8M |
| M Markel Corp | 0.1% | Trimmed 14% | 4,265 | $8.33M |
| JM J.p. Morgan Chase | 0.1% | Trimmed 83% | 24,719 | $8.09M |
| UP Union Pac Corp | 0.1% | Trimmed 6.5% | 25,841 | $7.03M |
| Dover Corp | 0.0% | Trimmed 1.4% | 18,851 | $4.23M |
| AC Alphabet Inc Cl A | 0.0% | Trimmed 4.3% | 11,114 | $3.97M |
| CW Costco Whsl Corp | 0.0% | Trimmed 26% | 3,399 | $3.18M |
| Abbvie Inc | 0.0% | Unchanged | 12,410 | $3.12M |
| WP Warby Parker Inc Cl A | 0.0% | Unchanged | 80,000 | $2.43M |
| Vulcan Materials | 0.0% | Unchanged | 7,263 | $2.14M |
| LS Levi Strauss & Co Cl A | 0.0% | Added 1.2% | 83,725 | $2.08M |
| AA Alk Abello A/s | 0.0% | Added 6.0% | 53,000 | $1.98M |
| Mccormick Inc | 0.0% | Trimmed 1.6% | 37,981 | $1.92M |
| D De'longhi | 0.0% | Added 9.5% | 42,700 | $1.81M |
| L& Lindt & Spruengli Ag - Reg | 0.0% | Unchanged | 15 | $1.79M |
| SG Ssp Group | 0.0% | Unchanged | 700,000 | $1.74M |
| American Express | 0.0% | Trimmed 21% | 5,125 | $1.73M |
| DA Demant A/s | 0.0% | Unchanged | 41,000 | $1.68M |
| LS Loreal Sa | 0.0% | Unchanged | 3,705 | $1.63M |
| F Fielmann | 0.0% | Unchanged | 33,000 | $1.61M |
| K Konecranes | 0.0% | Unchanged | 52,500 | $1.61M |
| RA Rational Ag | 0.0% | Unchanged | 2,200 | $1.61M |
| F Fluidra | 0.0% | Unchanged | 70,000 | $1.58M |
| LB Lotus Bakeries | 0.0% | Unchanged | 115 | $1.53M |
| Microsoft Corp | 0.0% | Added 1.1% | 3,584 | $1.34M |
| Apple Inc | 0.0% | Trimmed 3.2% | 4,601 | $1.33M |
| CB Carlsberg B A/s | 0.0% | Added 2.7% | 10,135 | $1.33M |
| SR Sunbelt Rentals Holdings Ord | 0.0% | Unchanged | 18,178 | $1.33M |
| HN Heineken Nv | 0.0% | Unchanged | 15,131 | $1.27M |
| PB Puig Brands | 0.0% | Unchanged | 68,000 | $1.25M |
| Pepsico Inc | 0.0% | Trimmed 1.0% | 9,115 | $1.23M |
| DC Davide Campari-milano Nv | 0.0% | Trimmed 3.4% | 195,048 | $1.21M |
| KO Kalmar Oyj B | 0.0% | Added 1.9% | 27,500 | $1.21M |
| Yeti Holdings Inc | 0.0% | Unchanged | 24,000 | $1.19M |
| NS Nestle Sa-reg | 0.0% | Unchanged | 11,130 | $1.15M |
| H H&M | 0.0% | Unchanged | 64,000 | $1.1M |
| FF Fulton Finl Corp | 0.0% | Trimmed 9.6% | 44,250 | $1.07M |
| Jbt Marel Corp | 0.0% | Unchanged | 7,250 | $1.05M |
Showing top 60 of 85 positions.
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended June 30, 2026 · filed August 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AC Alphabet Inc Cl C | Trimmed | −302,260 | −$107M | 12.1% |
| ES Eurofins Scientific | Added | +997,630 | +$78.2M | 3.6% |
| JM J.p. Morgan Chase | Trimmed | −124,079 | −$40.6M | 0.1% |
| DC Doordash Inc Cl A | Added | +184,909 | +$34.1M | 2.5% |
| Exxon Mobil Corp | Exited | −193,950 | −$32.9M | — |
| Exxon Mobil Corp | New | +181,200 | +$24.8M | 0.3% |
| CF Compagnie Financiere Richemont | Trimmed | −101,941 | −$23.6M | 8.7% |
| BH Berkshire Hathaway Inc Cl A | Trimmed | −28 | −$21M | 12.0% |
| NS Nestle Sa Sponsored ADR | Trimmed | −166,816 | −$17.1M | 6.1% |
| MC Mastercard Inc Cl A | Trimmed | −32,746 | −$16.8M | 8.8% |
Showing the 10 largest of 55 changes.
quarter ended March 31, 2026 · filed May 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AG Ashtead Group PLC | Exited | −6,111,758 | −$418M | — |
| Sunbelt Rentals Holdings Inc | New | +6,049,133 | +$394M | 4.6% |
| ES Eurofins Scientific | New | +3,096,404 | +$224M | 2.6% |
| AC Alphabet Inc Cl C | Trimmed | −580,860 | −$167M | 11.3% |
| JM J.p. Morgan Chase | Trimmed | −380,019 | −$112M | 0.5% |
| Netflix Inc | Added | +605,901 | +$58.3M | 6.3% |
| BH Berkshire Hathaway Inc Cl A | Trimmed | −28 | −$20.1M | 12.3% |
| MC Mastercard Inc Cl A | Trimmed | −30,858 | −$15.4M | 9.1% |
| PM Philip Morris International In | Trimmed | −92,439 | −$15.3M | 9.0% |
| NS Nestle Sa Sponsored ADR | Trimmed | −135,448 | −$13.4M | 6.4% |
Showing the 10 largest of 69 changes.
quarter ended December 31, 2025 · filed February 12, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Netflix Inc | Added | +4,490,340 | +$421M | 5.1% |
| AC Alphabet Inc Cl C | Trimmed | −718,726 | −$226M | 13.3% |
| BH Berkshire Hathaway Inc Cl A | Trimmed | −53 | −$40M | 12.1% |
| AG Ashtead Group PLC | Added | +534,678 | +$36.6M | 4.5% |
| Uber Technologies Inc | Added | +434,219 | +$35.5M | 4.5% |
| Martin Marietta Materials | Added | +39,075 | +$24.3M | 4.9% |
| CF Compagnie Financiere Richemont | Trimmed | −101,887 | −$22.1M | 8.2% |
| MC Mastercard Inc Cl A | Trimmed | −34,273 | −$19.6M | 9.8% |
| BH Berkshire Hathaway Inc Cl B | Trimmed | −35,999 | −$18.1M | 6.1% |
| NS Nestle Sa Sponsored ADR | Trimmed | −161,498 | −$16M | 6.0% |
Showing the 10 largest of 56 changes.
quarter ended September 30, 2025 · filed November 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AC Alphabet Inc Cl C | Trimmed | −440,394 | −$107M | 12.1% |
| BH Berkshire Hathaway Inc Cl A | Trimmed | −83 | −$62.6M | 12.5% |
| Heineken Holding Nv | Added | +855,260 | +$58.6M | 6.8% |
| MC Mastercard Inc Cl A | Trimmed | −62,779 | −$35.7M | 9.9% |
| PM Philip Morris International In | Trimmed | −211,125 | −$34.2M | 8.1% |
| Netflix Inc | Trimmed | −27,909 | −$33.5M | 6.6% |
| CF Compagnie Financiere Richemont | Trimmed | −124,323 | −$23.7M | 7.4% |
| NS Nestle Sa Sponsored ADR | Trimmed | −236,173 | −$21.7M | 5.7% |
| Uber Technologies Inc | Trimmed | −185,881 | −$18.2M | 4.9% |
| Martin Marietta Materials | Trimmed | −25,242 | −$15.9M | 4.6% |
Showing the 10 largest of 56 changes.
quarter ended June 30, 2025 · filed August 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| JM J.p. Morgan Chase | Trimmed | −469,654 | −$136M | 1.8% |
| Uber Technologies Inc | Added | +465,047 | +$43.4M | 4.9% |
| DC Doordash Inc Cl A | Added | +173,095 | +$42.7M | 2.5% |
| PM Philip Morris International In | Trimmed | −143,305 | −$26.1M | 9.4% |
| BH Berkshire Hathaway Inc Cl A | Trimmed | −33 | −$24.1M | 12.6% |
| Heineken Holding Nv | Added | +290,808 | +$21.6M | 6.7% |
| Netflix Inc | Trimmed | −16,078 | −$21.5M | 7.7% |
| AG Ashtead Group PLC | Added | +296,377 | +$19M | 4.0% |
| MC Mastercard Inc Cl A | Trimmed | −33,323 | −$18.7M | 10.1% |
| NS Nestle Sa Sponsored ADR | Trimmed | −128,906 | −$12.8M | 6.3% |
Showing the 10 largest of 67 changes.
quarter ended March 31, 2025 · filed May 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| BH Berkshire Hathaway Inc Cl A | Trimmed | −212 | −$169M | 14.8% |
| MC Mastercard Inc Cl A | Trimmed | −168,290 | −$92.2M | 10.5% |
| AC Alphabet Inc Cl C | Trimmed | −529,330 | −$82.7M | 8.9% |
| CF Compagnie Financiere Richemont | Trimmed | −432,893 | −$74.8M | 7.3% |
| Netflix Inc | Trimmed | −74,361 | −$69.3M | 5.8% |
| BH Berkshire Hathaway Inc Cl B | Trimmed | −106,313 | −$56.6M | 7.0% |
| JM J.p. Morgan Chase | Trimmed | −218,355 | −$53.6M | 2.9% |
| AG Ashtead Group PLC | Added | +796,643 | +$42.6M | 3.3% |
| PM Philip Morris International In | Trimmed | −173,569 | −$27.6M | 8.9% |
| VC Visa Inc Cl A | Trimmed | −73,995 | −$25.9M | 0.5% |
Showing the 10 largest of 75 changes.
quarter ended December 31, 2024 · filed February 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| BH Berkshire Hathaway Inc Cl A | Trimmed | −176 | −$120M | 14.4% |
| Netflix Inc | Trimmed | −99,065 | −$88.3M | 6.4% |
| AC Alphabet Inc Cl C | Trimmed | −358,011 | −$68.2M | 12.1% |
| MC Mastercard Inc Cl A | Trimmed | −126,644 | −$66.7M | 11.2% |
| NS Nestle Sa Sponsored ADR | Trimmed | −628,913 | −$51.4M | 5.8% |
| CF Compagnie Financiere Richemont | Trimmed | −287,483 | −$43.7M | 7.3% |
| JM J.p. Morgan Chase | Trimmed | −178,998 | −$42.9M | 3.4% |
| BH Berkshire Hathaway Inc Cl B | Trimmed | −55,983 | −$25.4M | 6.6% |
| PR Pernod Ricard | Trimmed | −212,082 | −$23.9M | 3.9% |
| PM Philip Morris International In | Trimmed | −196,300 | −$23.6M | 7.1% |
Showing the 10 largest of 72 changes.
quarter ended September 30, 2024 · filed November 13, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| BH Berkshire Hathaway Inc Cl A | Trimmed | −69 | −$47.7M | 14.5% |
| AC Alphabet Inc Cl C | Trimmed | −215,910 | −$36.1M | 10.3% |
| Netflix Inc | Trimmed | −50,224 | −$35.6M | 5.3% |
| NS Nestle Sa Sponsored ADR | Trimmed | −304,302 | −$30.6M | 7.2% |
| CF Compagnie Financiere Richemont | Trimmed | −160,609 | −$25.5M | 7.3% |
| MC Mastercard Inc Cl A | Trimmed | −45,042 | −$22.2M | 10.2% |
| BH Berkshire Hathaway Inc Cl B | Trimmed | −47,406 | −$21.8M | 6.3% |
| Heineken Holding Nv | Added | +180,125 | +$13.6M | 6.3% |
| Uber Technologies Inc | Added | +152,667 | +$11.5M | 2.9% |
| JM J.p. Morgan Chase | Trimmed | −52,128 | −$11M | 3.1% |
Showing the 10 largest of 64 changes.
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