Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (51 quarters reported)
$810M in Q1 2014 → $7.17B 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 |
|---|---|---|---|---|
| American Express Co | 12.0% | Trimmed 0.7% | 2,818,668 | $857M |
| Mastercard Incorporated | 10.3% | Trimmed 0.9% | 1,337,341 | $738M |
| BH Berkshire Hathaway Inc Del | 10.1% | Trimmed 0.8% | 1,447,532 | $721M |
| Booking Holdings Inc | 9.7% | Trimmed 0.6% | 4,265,772 | $695M |
| Deere & Co | 9.3% | Trimmed 15% | 990,042 | $665M |
| Sunbelt Rentals Holdings Inc | 8.8% | Trimmed 0.1% | 8,645,687 | $633M |
| Linde PLC | 7.4% | New | 1,119,399 | $531M |
| S&P Global Inc | 7.3% | Trimmed 0.5% | 1,327,079 | $523M |
| M Moodys Corp | 7.0% | Trimmed 0.6% | 1,098,248 | $499M |
| Canadian Pacific Kansas City | 6.1% | Trimmed 1.3% | 5,156,683 | $439M |
| TI Texas Instrs Inc | 5.0% | Trimmed 0.0% | 1,288,313 | $361M |
| CN Comcast Corp New | 3.4% | Trimmed 0.5% | 11,245,630 | $245M |
| Charter Communications Inc | 1.2% | Added 37% | 782,766 | $86.8M |
| HN Heico Corp New | 0.8% | New | 237,578 | $54.2M |
| Wayfair Inc | 0.5% | Added 7.6% | 377,434 | $38.7M |
| Visa Inc | 0.5% | Added 7.6% | 97,012 | $34.9M |
| IT Ishares Tr | 0.2% | Added 52% | 264,370 | $12.3M |
| CN Canadian Natl Ry Co | 0.2% | Added 4.5% | 96,121 | $11.4M |
| Ryanair Holdings PLC | 0.1% | Trimmed 4.8% | 105,956 | $5.83M |
| IT Ishares Tr | 0.1% | Unchanged | 44,713 | $5.21M |
| DS Direxion Shares ETF Trust | 0.1% | New | 39,063 | $4.69M |
| IT Ishares Tr | 0.1% | Unchanged | 4,929 | $3.77M |
| I Ishares Inc | 0.0% | Trimmed 12% | 26,635 | $2.16M |
| VI Vanguard Intl Equity Index F | 0.0% | Unchanged | 8,666 | $752K |
| LC Liberty Cap Corp | 0.0% | Trimmed 87% | 31,645 | $734K |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2026 · filed October 20, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Linde PLC | New | +1,119,399 | +$531M | 7.4% |
| Deere & Co | Trimmed | −173,455 | −$116M | 9.3% |
| HN Heico Corp New | New | +237,578 | +$54.2M | 0.8% |
| Liberty Broadband Corp | Exited | −923,428 | −$30.7M | — |
| Charter Communications Inc | Added | +212,328 | +$23.5M | 1.2% |
| Versant Media Group Inc | Exited | −442,333 | −$15.9M | — |
| Cable One Inc | Exited | −276,585 | −$14.7M | — |
| Mastercard Incorporated | Trimmed | −11,937 | −$6.58M | 10.3% |
| American Express Co | Trimmed | −19,552 | −$5.95M | 12.0% |
| Canadian Pacific Kansas City | Trimmed | −66,682 | −$5.67M | 6.1% |
Showing the 10 largest of 25 changes.
quarter ended June 30, 2026 · filed July 28, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Booking Holdings Inc | Added | +4,118,523 | +$734M | 11.0% |
| Deere & Co | Trimmed | −30,511 | −$19.4M | 10.7% |
| TI Texas Instrs Inc | Trimmed | −51,867 | −$15.5M | 5.5% |
| Sunbelt Rentals Holdings Inc | Added | +141,996 | +$10.4M | 9.2% |
| Wayfair Inc | Added | +52,986 | +$4.9M | 0.5% |
| CN Comcast Corp New | Trimmed | −191,115 | −$4.69M | 4.0% |
| Visa Inc | Added | +13,554 | +$4.65M | 0.4% |
| BH Berkshire Hathaway Inc Del | Trimmed | −8,036 | −$4.02M | 10.5% |
| Canadian Pacific Kansas City | Trimmed | −40,839 | −$3.54M | 6.5% |
| S&P Global Inc | Trimmed | −8,229 | −$3.35M | 7.8% |
Showing the 10 largest of 24 changes.
quarter ended March 31, 2026 · filed May 08, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Sunbelt Rentals Holdings Inc | New | +8,511,833 | +$534M | 8.2% |
| Booking Holdings Inc | Added | +28,781 | +$121M | 11.1% |
| S&P Global Inc | Added | +280,092 | +$119M | 8.7% |
| Fox Corp | Exited | −409,427 | −$29.9M | — |
| American Express Co | Trimmed | −62,564 | −$18.9M | 13.2% |
| Versant Media Group Inc | New | +448,199 | +$16.6M | 0.3% |
| Mastercard Incorporated | Trimmed | −29,941 | −$15M | 10.3% |
| Canadian Pacific Kansas City | Trimmed | −88,984 | −$7M | 6.3% |
| Deere & Co | Trimmed | −10,240 | −$5.77M | 10.3% |
| BH Berkshire Hathaway Inc Del | Trimmed | −10,583 | −$5.07M | 10.8% |
Showing the 10 largest of 26 changes.
quarter ended December 31, 2025 · filed January 28, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| S&P Global Inc | Added | +11,270 | +$5.89M | 8.7% |
| American Express Co | Added | +14,969 | +$5.54M | 16.9% |
| Booking Holdings Inc | Added | +843 | +$4.51M | 12.1% |
| VI Vanguard Intl Equity Index F | Added | +47,331 | +$3.96M | 0.1% |
| BH Berkshire Hathaway Inc Del | Added | +7,218 | +$3.63M | 11.7% |
| Canadian Pacific Kansas City | Added | +48,258 | +$3.55M | 6.2% |
| Deere & Co | Added | +7,605 | +$3.54M | 8.8% |
| CN Comcast Corp New | Added | +95,485 | +$2.85M | 5.4% |
| M Moodys Corp | Trimmed | −5,172 | −$2.64M | 9.0% |
| GL Gci Liberty Inc | Added | +70,894 | +$2.64M | 0.2% |
Showing the 10 largest of 24 changes.
quarter ended September 30, 2025 · filed November 07, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| UP Union Pac Corp | Exited | −1,011,677 | −$233M | — |
| Ryanair Holdings PLC | Trimmed | −2,219,785 | −$134M | 0.1% |
| American Express Co | Added | +76,639 | +$25.5M | 15.4% |
| BH Berkshire Hathaway Inc Del | Added | +47,608 | +$23.9M | 11.9% |
| Booking Holdings Inc | Added | +4,220 | +$22.8M | 12.4% |
| Mastercard Incorporated | Added | +38,134 | +$21.7M | 12.6% |
| Canadian Pacific Kansas City | Added | +189,931 | +$14.1M | 6.4% |
| M Moodys Corp | Added | +20,619 | +$9.82M | 8.6% |
| Deere & Co | Added | +17,785 | +$8.13M | 8.8% |
| S&P Global Inc | Added | +15,833 | +$7.71M | 8.2% |
Showing the 10 largest of 24 changes.
quarter ended June 30, 2025 · filed August 06, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| UP Union Pac Corp | Added | +983,855 | +$226M | 3.5% |
| Mastercard Incorporated | Added | +23,784 | +$13.4M | 11.2% |
| American Express Co | Added | +39,432 | +$12.6M | 13.3% |
| BH Berkshire Hathaway Inc Del | Added | +25,848 | +$12.6M | 10.3% |
| Booking Holdings Inc | Added | +1,747 | +$10.1M | 11.9% |
| S&P Global Inc | Added | +18,930 | +$9.98M | 8.1% |
| Liberty Broadband Corp | Added | +101,214 | +$9.96M | 1.4% |
| Deere & Co | Added | +18,398 | +$9.36M | 8.9% |
| M Moodys Corp | Added | +15,239 | +$7.64M | 8.2% |
| Ryanair Holdings PLC | Trimmed | −130,870 | −$7.55M | 2.0% |
Showing the 10 largest of 28 changes.
quarter ended March 31, 2025 · filed May 06, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| TI Texas Instrs Inc | Added | +1,170,728 | +$210M | 3.9% |
| DS Direxion Shs ETF Tr | Exited | −109,231 | −$9.81M | — |
| BH Berkshire Hathaway Inc Del | Trimmed | −8,273 | −$4.41M | 12.5% |
| American Express Co | Added | +11,014 | +$2.96M | 12.6% |
| IT Ishares Tr | Exited | −4,929 | −$2.9M | — |
| CN Comcast Corp New | Added | +70,635 | +$2.61M | 6.8% |
| IT Ishares Tr | Exited | −20,818 | −$2.45M | — |
| CC Charter Communications Inc N | Added | +6,351 | +$2.34M | 3.4% |
| Booking Holdings Inc | Added | +472 | +$2.17M | 10.6% |
| Ryanair Holdings PLC | Trimmed | −46,413 | −$1.97M | 1.8% |
Showing the 10 largest of 29 changes.
quarter ended December 31, 2024 · filed January 17, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| American Express Co | Trimmed | −496,550 | −$147M | 14.4% |
| BH Berkshire Hathaway Inc Del | Trimmed | −321,699 | −$146M | 11.2% |
| M Moodys Corp | Trimmed | −277,620 | −$131M | 9.0% |
| S&P Global Inc | Trimmed | −247,186 | −$123M | 8.9% |
| Mastercard Incorporated | Trimmed | −177,791 | −$93.6M | 12.2% |
| Booking Holdings Inc | Trimmed | −17,100 | −$85M | 11.9% |
| Canadian Pacific Kansas City | Added | +85,542 | +$6.19M | 6.5% |
| UP Union Pac Corp | New | +26,661 | +$6.08M | 0.1% |
| CN Canadian Natl Ry Co | New | +55,774 | +$5.66M | 0.1% |
| VI Vanguard Intl Equity Index F | Exited | −54,030 | −$4.24M | — |
Showing the 10 largest of 27 changes.
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