Quarterly 13F snapshot: US-listed longs only, no performance figures — 13F data cannot support them.
Reported portfolio value by quarter (48 quarters reported)
$1.53B in Q4 2014 → $4.2B 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 |
|---|---|---|---|---|
| VI Visa Inc-class A Shares | 14.0% | Added 0.0% | 1,632,979 | $587M |
| AI Alphabet Inc-cl A | 10.7% | Added 2.1% | 1,308,930 | $450M |
| Agilent Technologies Inc | 9.7% | Trimmed 12% | 2,359,129 | $407M |
| Microsoft Corp | 8.2% | Added 2.3% | 675,336 | $346M |
| CN Canadian Natl Railway Co | 7.7% | Added 1.4% | 2,599,459 | $325M |
| Hubbell Inc | 7.5% | Added 59% | 696,881 | $316M |
| Chubb Ltd | 6.9% | Added 3.2% | 893,492 | $291M |
| Verisign Inc | 5.4% | Added 19% | 801,351 | $226M |
| Markel Group Inc | 5.1% | Added 102% | 124,421 | $213M |
| Autozone Inc | 3.9% | New | 57,664 | $163M |
| Adobe Inc | 2.8% | Added 2.4% | 484,920 | $116M |
| Xylem Inc | 2.6% | New | 1,085,210 | $110M |
| A Alcon Inc | 2.2% | Trimmed 55% | 1,716,379 | $92.7M |
| M- Mastercard Inc - A | 1.8% | Added 1.6% | 140,947 | $77.7M |
| Cme Group Inc | 1.6% | Trimmed 9.4% | 252,494 | $66.1M |
| AA Amazon.com Inc Amzn Us | 1.3% | Added 68% | 226,256 | $56.4M |
| Meta Platforms Inc | 1.3% | Trimmed 13% | 73,707 | $53.5M |
| Texas Instruments Inc | 1.0% | Trimmed 6.5% | 143,772 | $40.3M |
| Booking Holdings Inc | 0.8% | Trimmed 7.5% | 214,013 | $34.9M |
| Sysco Corp | 0.7% | Trimmed 6.4% | 352,261 | $27.5M |
| Canadian Pacific Kansas City | 0.6% | Added 58% | 289,245 | $24.6M |
| Paychex Inc | 0.6% | Trimmed 6.4% | 234,891 | $23.1M |
| PM Philip Morris Int | 0.5% | Trimmed 3.8% | 118,802 | $22.7M |
| S Slb Ltd | 0.5% | New | 463,914 | $22.6M |
| Pepsico Inc | 0.5% | Trimmed 6.5% | 170,342 | $21.6M |
| Intuit Inc | 0.4% | Added 17% | 67,809 | $18.7M |
| S&P Global Inc | 0.4% | Added 1.1% | 45,892 | $18.1M |
| N- Nike Inc -cl B | 0.4% | Trimmed 6.3% | 432,935 | $15.3M |
| TI Take-two Interactive Softwre | 0.4% | Added 1.1% | 72,567 | $15.1M |
| Moody's Corp | 0.3% | Added 1.1% | 31,804 | $14.4M |
| Astrazeneca | 0.2% | Added 36% | 70,966 | $8.71M |
| Kenvue Inc | 0.0% | Trimmed 99% | 8,418 | $149K |
What changed each quarter, from the filings' own share counts. Largest moves first; most recent 8 quarters.
quarter ended September 30, 2026 · filed October 28, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Autozone Inc | New | +57,664 | +$163M | 3.9% |
| Hubbell Inc | Added | +258,637 | +$117M | 7.5% |
| A Alcon Inc | Trimmed | −2,085,169 | −$113M | 2.2% |
| Xylem Inc | New | +1,085,210 | +$110M | 2.6% |
| Markel Group Inc | Added | +62,912 | +$108M | 5.1% |
| Agilent Technologies Inc | Trimmed | −317,518 | −$54.7M | 9.7% |
| Verisign Inc | Added | +130,514 | +$36.8M | 5.4% |
| AA Amazon.com Inc Amzn Us | Added | +91,367 | +$22.8M | 1.3% |
| S Slb Ltd | New | +463,914 | +$22.6M | 0.5% |
| Kenvue Inc | Trimmed | −740,905 | −$13.1M | — |
Showing the 10 largest of 32 changes.
quarter ended June 30, 2026 · filed July 31, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Markel Group Inc | New | +61,509 | +$120M | 3.4% |
| AI Alphabet Inc-cl A | Trimmed | −197,250 | −$70.5M | 12.8% |
| Hubbell Inc | Trimmed | −115,737 | −$60.6M | 6.4% |
| A Alcon Inc | Added | +813,113 | +$44.4M | 5.8% |
| Booking Holdings Inc | Added | +223,625 | +$39.9M | 1.1% |
| Agilent Technologies Inc | Added | +263,415 | +$35M | 9.9% |
| Verisign Inc | Trimmed | −112,517 | −$28.3M | 4.7% |
| AP Accenture Plc-cl A | Exited | −138,585 | −$27.5M | — |
| Mcdonald's Corp | Exited | −71,876 | −$22.3M | — |
| Automatic Data Processing | Exited | −107,694 | −$21.9M | — |
Showing the 10 largest of 33 changes.
quarter ended March 31, 2026 · filed May 11, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VI Visa Inc-class A Shares | Trimmed | −766,384 | −$232M | 14.7% |
| Verisign Inc | New | +783,354 | +$195M | 5.8% |
| AI Alphabet Inc-cl A | Trimmed | −400,032 | −$115M | 12.7% |
| Chubb Ltd | Added | +82,293 | +$26.8M | 8.5% |
| Cme Group Inc | Trimmed | −85,627 | −$25.3M | 2.0% |
| Paychex Inc | Trimmed | −209,815 | −$19.3M | 1.0% |
| Paypal Holdings Inc | Exited | −230,268 | −$13.4M | — |
| CN Canadian Natl Railway Co | Trimmed | −107,192 | −$11.6M | 8.5% |
| Microsoft Corp | Trimmed | −24,628 | −$9.12M | 7.6% |
| Pepsico Inc | Trimmed | −56,311 | −$8.74M | 0.9% |
Showing the 10 largest of 30 changes.
quarter ended December 31, 2025 · filed February 09, 2026
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| AI Alphabet Inc-cl A | Trimmed | −636,651 | −$199M | 15.2% |
| American Express Co | Exited | −458,008 | −$152M | — |
| Hubbell Inc | Added | +208,327 | +$92.5M | 6.3% |
| Fiserv Inc | Exited | −374,142 | −$48.2M | — |
| VI Visa Inc-class A Shares | Added | +128,350 | +$40.5M | 19.5% |
| AA Amazon.com Inc Amzn Us | New | +117,567 | +$27.1M | 0.7% |
| AP Accenture Plc-cl A | Added | +41,710 | +$11.2M | 0.8% |
| N- Nike Inc -cl B | Added | +95,943 | +$6.11M | 0.9% |
| Intuit Inc | Added | +7,921 | +$5.25M | 0.9% |
| S&P Global Inc | Added | +8,652 | +$4.52M | 0.6% |
Showing the 10 largest of 32 changes.
quarter ended September 30, 2025 · filed November 07, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| VI Visa Inc-class A Shares | Added | +883,655 | +$281M | 18.6% |
| Verisign Inc | Exited | −916,747 | −$265M | — |
| A Alcon Inc | New | +2,972,020 | +$176M | 4.5% |
| AI Alphabet Inc-cl A | Trimmed | −574,388 | −$140M | 15.7% |
| CN Canadian Natl Railway Co (us) | Added | +1,360,723 | +$128M | 6.6% |
| Microsoft Corp | Trimmed | −140,509 | −$72.8M | 9.5% |
| PM Philip Morris Int | Trimmed | −164,889 | −$26.7M | 0.6% |
| Hubbell Inc | Added | +18,767 | +$8.08M | 3.8% |
| Fiserv Inc | Added | +56,934 | +$7.34M | 1.2% |
| N- Nike Inc -cl B | Added | +85,330 | +$5.95M | 0.8% |
Showing the 10 largest of 31 changes.
quarter ended June 30, 2025 · filed November 07, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| CN Canadian Natl Railway Co (us) | Trimmed | −23,046 | −$2.4M | 3.9% |
quarter ended March 31, 2025 · filed November 07, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| Adobe Inc | Added | +452,400 | +$175M | 5.6% |
| Agilent Technologies Inc | Added | +1,424,717 | +$168M | 7.7% |
| AI Alphabet Inc-cl A | Added | +766,760 | +$135M | 14.9% |
| Hubbell Inc | New | +324,526 | +$133M | 3.6% |
| CN Canadian Natl Railway Co (us) | Added | +1,217,449 | +$119M | 3.7% |
| Chubb Ltd | Added | +374,998 | +$109M | 6.3% |
| Procter & Gamble | Exited | −580,139 | −$97.3M | — |
| Moody's Corp | Trimmed | −149,933 | −$75.2M | 0.4% |
| VI Visa Inc-class A Shares | Trimmed | −199,045 | −$70.7M | 13.5% |
| Medtronic PLC | Exited | −825,095 | −$65.9M | — |
Showing the 10 largest of 37 changes.
quarter ended December 31, 2024 · filed November 07, 2025
| Company | Action | Shares changed | Value of change | % of portfolio |
|---|---|---|---|---|
| American Express Co | Trimmed | −362,309 | −$108M | 4.5% |
| Alphabet Inc | Added | +343,838 | +$65.1M | 14.5% |
| Verisign Inc | Added | +301,267 | +$62.4M | 6.2% |
| Procter & Gamble | Trimmed | −349,682 | −$58.6M | 3.2% |
| Paychex Inc | Trimmed | −180,332 | −$25.3M | 3.4% |
| Cme Group Inc | Trimmed | −94,551 | −$22M | 3.2% |
| Microsoft Corp | Trimmed | −50,025 | −$21.1M | 11.8% |
| Automatic Data Processing | Trimmed | −58,834 | −$17.2M | 1.7% |
| Pepsico Inc | Trimmed | −102,212 | −$15.5M | 1.5% |
| Cisco Systems Inc | Trimmed | −194,583 | −$11.5M | 1.1% |
Showing the 10 largest of 33 changes.
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