Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (51 quarters reported)
$79.4M in Q4 2013 → $2.91B 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 |
|---|---|---|---|---|
| IS Ishares S&P 500 Index | 19.3% | Added 11% | 752,076 | $563M |
| IS Invesco S&P 500 Quality ETF | 15.4% | Added 6.2% | 4,978,794 | $449M |
| IC Ishares Core Msci Eafe | 11.7% | Added 15% | 3,543,932 | $342M |
| SP Sprott Physical Gold Trust Unit | 4.9% | Trimmed 1.8% | 4,706,640 | $142M |
| IC Ishares Core Msci Emerging Markets ETF | 3.3% | Added 16% | 1,159,805 | $96.1M |
| IR Ishares Russell Midcap Value | 3.0% | Trimmed 2.0% | 534,456 | $88M |
| AC Alphabet Inc. Class C | 2.8% | Trimmed 3.2% | 230,790 | $81.5M |
| Apple Inc. | 2.4% | Trimmed 1.1% | 240,896 | $69.7M |
| Microsoft Corp | 2.2% | Added 15% | 174,468 | $65.1M |
| Johnson & Johnson | 2.1% | Trimmed 1.7% | 244,804 | $62.2M |
| Rtx Corporation | 2.0% | Trimmed 2.3% | 312,800 | $59.3M |
| Brookfield Corporation | 1.8% | Trimmed 0.6% | 1,242,540 | $52.9M |
| BH Berkshire Hathaway Cl B | 1.7% | Trimmed 1.9% | 98,726 | $49.4M |
| Amazon Com Inc | 1.6% | Trimmed 2.0% | 197,145 | $47M |
| Mastercard Inc | 1.6% | Trimmed 0.5% | 88,915 | $45.7M |
| Walmart Inc. | 1.5% | Trimmed 1.7% | 375,055 | $42.5M |
| Jpmorgan Chase & Co | 1.4% | Trimmed 1.8% | 123,143 | $40.3M |
| IC Ishares Core S&P Total Us Stock Mkt | 1.4% | Trimmed 5.3% | 244,091 | $40.1M |
| Conocophillips | 1.4% | Trimmed 2.9% | 382,667 | $39.8M |
| PO Progressive Corp Ohio | 1.3% | Added 3.1% | 169,958 | $37.1M |
| Union Pacific Corp | 1.2% | Trimmed 2.7% | 129,834 | $35.3M |
| DE Duke Energy New | 1.1% | Trimmed 2.4% | 251,426 | $31.8M |
| Home Depot Inc | 1.0% | Trimmed 2.3% | 81,949 | $28.9M |
| VT Vanguard Total World Stock ETF | 0.9% | Trimmed 0.1% | 164,556 | $25.8M |
| V5 Vanguard 500 ETF | 0.9% | Trimmed 1.1% | 37,206 | $25.6M |
| MD Mc Donalds Corp | 0.9% | Trimmed 2.7% | 94,452 | $25.5M |
| Williams Companies | 0.8% | Trimmed 0.4% | 318,516 | $23.7M |
| IM Ishares Msci Acwi Ex Us ETF | 0.8% | Unchanged | 308,971 | $23.5M |
| Markel Group Inc | 0.5% | Unchanged | 7,272 | $14.2M |
| SS SPDR S&P 500 Index | 0.4% | Added 2.0% | 17,513 | $13.1M |
| EP Enterprise Prd Prtnrs LP | 0.4% | Trimmed 0.1% | 343,269 | $12.6M |
| PM Philip Morris Intl Inc | 0.4% | Trimmed 6.5% | 61,281 | $11.1M |
| AC Alphabet Inc. Class A | 0.4% | Added 11% | 30,732 | $11M |
| IS Ishares S&P 500 Growth | 0.3% | Trimmed 7.2% | 56,324 | $7.75M |
| VD Vanguard Dividend Appreciation | 0.3% | Trimmed 8.8% | 31,024 | $7.34M |
| SS Sector SPDR Tech Select | 0.2% | Added 0.5% | 32,855 | $6.26M |
| Altria Group Inc | 0.2% | Trimmed 7.6% | 75,482 | $5.43M |
| Applied Materials Inc | 0.2% | Added 23% | 6,562 | $4.74M |
| IE Ishares Esg Aware Msci Eafe ETF | 0.2% | Added 10% | 44,198 | $4.54M |
| Exxon Mobil Corporation | 0.2% | New | 32,827 | $4.49M |
| SG SPDR Gold Minishares | 0.2% | Added 86% | 56,161 | $4.46M |
| IS Ishares S&P 500 Value | 0.1% | Unchanged | 19,058 | $4.33M |
| IS Ishares S&P 100 | 0.1% | Trimmed 0.3% | 11,465 | $4.19M |
| Visa Inc | 0.1% | Trimmed 18% | 12,221 | $4.19M |
| IS Ishares S&P Midcap | 0.1% | Unchanged | 28,654 | $3.83M |
| Nvidia Corp | 0.1% | Added 1.9% | 18,444 | $3.69M |
| CS C S X Corp | 0.1% | Trimmed 1.7% | 74,010 | $3.52M |
| Broadcom Inc | 0.1% | Added 61% | 8,909 | $3.37M |
| Micron Technology Inc | 0.1% | Added 39% | 2,832 | $3.27M |
| TS Taiwan Semiconductr Adrf | 0.1% | Added 123% | 6,156 | $2.94M |
| VM Vanguard Mid-cap ETF | 0.1% | Added 277% | 30,872 | $2.49M |
| Merck & Co Inc | 0.1% | Trimmed 62% | 18,619 | $2.39M |
| IE Ishares Esg Aware Msci Em ETF | 0.1% | Trimmed 1.6% | 41,252 | $2.26M |
| BH Berkshire Hathaway Inc A | 0.1% | Unchanged | 3 | $2.25M |
| Lowes Companies Inc | 0.1% | Trimmed 3.7% | 9,522 | $2.1M |
| CW Costco Whsl Corp New | 0.1% | Trimmed 2.3% | 2,244 | $2.1M |
| Jacobs Solutions Inc | 0.1% | Trimmed 5.0% | 16,092 | $2.03M |
| VT Vanguard Total Stock Mkt | 0.1% | Added 1.7% | 5,459 | $2.02M |
| RJ Raymond James Finl Inc | 0.1% | Unchanged | 13,186 | $2M |
| Cisco Systems Inc | 0.1% | Added 4.5% | 17,010 | $2M |
Showing top 60 of 703 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 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IS Ishares S&P 500 Index | Added | +73,972 | +$55.4M | 19.3% |
| IC Ishares Core Msci Eafe | Added | +457,557 | +$44.2M | 11.7% |
| IS Invesco S&P 500 Quality ETF | Added | +290,060 | +$26.1M | 15.4% |
| IC Ishares Core Msci Emerging Markets ETF | Added | +156,884 | +$13M | 3.3% |
| Microsoft Corp | Added | +22,670 | +$8.46M | 2.2% |
| Exxon Mobil Corporation | Exited | −31,893 | −$5.41M | — |
| Exxon Mobil Corporation | New | +32,827 | +$4.49M | 0.2% |
| Merck & Co Inc | Trimmed | −31,000 | −$3.98M | 0.1% |
| AC Alphabet Inc. Class C | Trimmed | −7,710 | −$2.72M | 2.8% |
| SP Sprott Physical Gold Trust Unit | Trimmed | −87,815 | −$2.65M | 4.9% |
Showing the 10 largest of 360 changes.
quarter ended March 31, 2026 · filed May 14, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IS Invesco S&P 500 Quality ETF | Added | +4,636,549 | +$349M | 13.8% |
| Merck & Co Inc | Trimmed | −560,954 | −$67.5M | 0.2% |
| AD Auto Data Processing | Trimmed | −199,026 | −$40.4M | 0.1% |
| AC Alphabet Inc. Class C | Trimmed | −110,175 | −$31.6M | 2.7% |
| RT Raytheon Technologies Ord | Trimmed | −131,289 | −$25.3M | 2.4% |
| Johnson & Johnson | Trimmed | −86,078 | −$21M | 2.4% |
| IC Ishares Core Msci Eafe | Added | +227,620 | +$20.6M | 10.9% |
| Brookfield Corporation | Trimmed | −365,226 | −$14.8M | 2.0% |
| IM Ishares Msci Eafe | Trimmed | −152,109 | −$14.8M | 0.1% |
| Mastercard Inc | Trimmed | −29,239 | −$14.6M | 1.7% |
Showing the 10 largest of 425 changes.
quarter ended December 31, 2025 · filed February 13, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| SP Sprott Physical Gold Trust Unit | New | +5,138,572 | +$170M | 6.5% |
| IC Ishares Core Msci Eafe | Added | +295,418 | +$26.4M | 9.8% |
| Brookfield Corporation | Added | +523,323 | +$24M | 2.8% |
| Amazon Com Inc | Added | +40,760 | +$9.41M | 2.4% |
| Microsoft Corp | Added | +15,086 | +$7.3M | 3.3% |
| AD Auto Data Processing | Added | +20,456 | +$5.26M | 2.1% |
| AC Alphabet Inc. Class C | Trimmed | −16,714 | −$5.24M | 4.2% |
| AC Amphenol Corp Cl A | Added | +38,575 | +$5.21M | 0.2% |
| Mastercard Inc | Added | +8,607 | +$4.91M | 2.6% |
| IS Ishares S&P 500 Index | Added | +6,811 | +$4.67M | 17.3% |
Showing the 10 largest of 255 changes.
quarter ended September 30, 2025 · filed November 13, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Amazon Com Inc | Added | +192,840 | +$42.3M | 2.2% |
| Jpmorgan Chase & Co | Added | +133,203 | +$42M | 2.0% |
| CN Comcast Corp New Cl A | Trimmed | −1,256,237 | −$39.5M | — |
| Pepsico Incorporated | Trimmed | −263,498 | −$37M | 0.1% |
| IC Ishares Core Msci Eafe | Added | +92,518 | +$8.08M | 9.8% |
| Markel Group Inc | Added | +1,987 | +$3.8M | 0.7% |
| IS Invesco S&P 500 Quality ETF | New | +34,774 | +$2.55M | 0.1% |
| AC American Century U.s. Quality Value ETF | Trimmed | −38,759 | −$2.5M | 0.1% |
| Conocophillips | Added | +22,401 | +$2.12M | 2.0% |
| Merck & Co Inc | Added | +24,697 | +$2.07M | 2.3% |
Showing the 10 largest of 202 changes.
quarter ended June 30, 2025 · filed August 11, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| IC Ishares Core Msci Eafe | Added | +745,740 | +$62.3M | 9.8% |
| IC Ishares Core S&P Total Us Stock Mkt | Trimmed | −269,357 | −$36.4M | 1.7% |
| CN Comcast Corp New Cl A | Added | +142,505 | +$5.09M | 2.1% |
| IS Ishares S&P 500 Index | Trimmed | −7,595 | −$4.72M | 19.4% |
| Merck & Co Inc | Added | +23,906 | +$1.89M | 2.2% |
| VT Vanguard Total World Stock ETF | Added | +14,033 | +$1.8M | 1.1% |
| PE Pimco Enhanced Short Maturity Active ETF | New | +10,198 | +$1.03M | — |
| Conocophillips | Added | +11,140 | +$1M | 1.9% |
| AC Alphabet Inc. Class C | Added | +4,974 | +$882K | 3.1% |
| WS Wal-mart Stores Inc | Trimmed | −7,569 | −$740K | 2.3% |
Showing the 10 largest of 212 changes.
quarter ended March 31, 2025 · filed May 08, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Unitedhealth Group Inc | Trimmed | −112,659 | −$59M | — |
| SS SPDR S&P 500 Index | Trimmed | −79,923 | −$44.7M | 0.5% |
| IS Ishares S&P 500 Index | Added | +64,160 | +$36.1M | 18.9% |
| V5 Vanguard 500 ETF | Added | +29,619 | +$15.2M | 1.0% |
| CN Comcast Corp New Cl A | Trimmed | −82,615 | −$3.05M | 2.1% |
| Merck & Co Inc | Added | +30,524 | +$2.74M | 2.6% |
| Conocophillips | Added | +24,864 | +$2.61M | 2.4% |
| Pepsico Incorporated | Added | +16,601 | +$2.49M | 2.2% |
| BH Berkshire Hathaway Inc A | New | +3 | +$2.4M | 0.1% |
| Markel Group Inc | Trimmed | −1,148 | −$2.15M | 0.6% |
Showing the 10 largest of 390 changes.
quarter ended December 31, 2024 · filed February 12, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| V5 Vanguard 500 ETF | Trimmed | −48,396 | −$26.1M | 0.2% |
| IS Ishares S&P 500 Index | Trimmed | −35,399 | −$20.8M | 17.5% |
| Markel Group Inc | Trimmed | −6,680 | −$11.5M | 0.6% |
| Brookfield Corporation | Trimmed | −94,058 | −$5.4M | 3.1% |
| SS SPDR S&P 500 Index | Trimmed | −8,410 | −$4.93M | 2.8% |
| WS Wal-mart Stores Inc | Trimmed | −50,838 | −$4.59M | 2.2% |
| AC Apple Computer Inc | Trimmed | −16,537 | −$4.14M | 3.4% |
| Merck & Co Inc | Added | +40,230 | +$4M | 2.6% |
| Williams Companies | Trimmed | −73,521 | −$3.98M | 1.1% |
| FF Fairfax Financial Hldgs Ltd Sub Vtg | Trimmed | −2,577 | −$3.58M | 0.2% |
Showing the 10 largest of 404 changes.
quarter ended September 30, 2024 · filed November 12, 2024
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VS Vanguard Short-term Infl-prot Secs ETF | Trimmed | −4,809,263 | −$237M | — |
| PF Pnc Finl Services Gp Inc | Trimmed | −214,872 | −$39.7M | — |
| V5 Vanguard 500 ETF | Added | +18,403 | +$9.71M | 1.4% |
| IS Ishares S&P 500 Index | Trimmed | −9,087 | −$5.24M | 17.2% |
| IS Ishares S&P Midcap | New | +37,748 | +$4M | 0.2% |
| AC Alphabet Inc. Class C | Added | +18,402 | +$3.08M | 2.6% |
| MD Mc Donalds Corp | Added | +9,120 | +$2.78M | 1.6% |
| Unitedhealth Group Inc | Added | +4,685 | +$2.74M | 3.1% |
| RT Raytheon Technologies Ord | Trimmed | −21,234 | −$2.57M | 2.7% |
| Conocophillips | Added | +24,159 | +$2.54M | 2.0% |
Showing the 10 largest of 394 changes.
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