ACADEMY CAPITAL MANAGEMENT
Long book
$699.4M
Q1 2026
Positions
37
Top-10 weight
73%
concentration
Last quarter
+14.2%
SPY +14.8%
Turnover
23%
of book per quarter
Strategy in plain words
auto-generated from filingsACADEMY CAPITAL MANAGEMENT is a concentrated fundamental stock-picker, running a $699.4M US long book across 37 positions.
The portfolio is concentrated: the top 10 names carry 73% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, ALPHABET INC-CL C, AMAZON.COM INC, TAIWAN SEMICONDUCTOR-SP ADR, BERKSHIRE HATHAWAY INC-CL B.
Over the last 9 quarters its long book ran on average 0.4pp per quarter behind the S&P 500, beating the index in 5 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+4.7%
Q2 2024
+4.7%
Q3 2024
+3.7%
Q4 2024
-4.0%
Q1 2025
+9.0%
Q2 2025
+9.7%
Q3 2025
+3.7%
Q4 2025
-9.3%
Q1 2026
+14.2%
Sector allocation
Technology 46%
Financials 20%
Consumer discretionary 13%
Services media 11%
Healthcare 5%
Materials 3%
Energy 1%
Industrials 0%
Long book by quarter
What does ACADEMY CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 276.3K | $70.1M | 10.0% | -3.6% |
| GOOG ALPHABET INC-CL C | Technology | 200.7K | $57.6M | 8.2% | -3.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 257.1K | $53.6M | 7.7% | -3.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 105.2K | $50.4M | 7.2% | -2.7% |
| META META PLATFORMS INC-CLASS A | Technology | 87.8K | $50.2M | 7.2% | -3.1% |
| MA MASTERCARD INC - A | Services media | 98.5K | $49.2M | 7.0% | -3.2% |
| MSFT MICROSOFT CORP | Technology | 127.4K | $47.2M | 6.7% | -3.0% |
| GOOGL ALPHABET INC-CL A | Technology | 162.3K | $46.7M | 6.7% | -3.4% |
| PRI PRIMERICA INC | Financials | 129.9K | $32.5M | 4.7% | -1.8% |
| ZTS ZOETIS INC | Healthcare | 228.3K | $27.0M | 3.9% | -2.6% |
| POOL POOL CORP | Consumer discretionary | 123.2K | $24.9M | 3.6% | +84.3% |
| UNH UNITEDHEALTH GROUP INC | Financials | 84.8K | $23.0M | 3.3% | -1.4% |
| IDXX IDEXX LABORATORIES INC | Materials | 34.3K | $19.3M | 2.8% | -2.6% |
| SPGI S&P GLOBAL INC | Services media | 41.2K | $17.5M | 2.5% | +110.7% |
| XOM EXXON MOBIL CORP | Energy | 45.4K | $7.7M | 1.1% | -0.3% |
| C CITIGROUP INC | Financials | 56.0K | $6.4M | 0.9% | -9.8% |
| TRV TRAVELERS COS INC/THE | Financials | 9.6K | $2.8M | 0.4% | -9.4% |
| HBAN HUNTINGTON BANCSHARES INC | Financials | 51.9K | $811K | 0.1% | New |
| V VISA INC-CLASS A SHARES | Services media | 2.5K | $756K | 0.1% | +19.4% |
| GLW CORNING INC | Industrials | 5.2K | $709K | 0.1% | Held |
| PEP PEPSICO INC | Consumer staples | 4.5K | $696K | 0.1% | -66.7% |
| NEE NEXTERA ENERGY INC | Utilities | 7.0K | $652K | 0.1% | Held |
| NFLX NETFLIX INC | Services media | 5.8K | $558K | 0.1% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.8K | $446K | 0.1% | Held |
| RTX RTX CORP | Industrials | 2.0K | $377K | 0.1% | Held |
| CVX CHEVRON CORP | Energy | 1.7K | $361K | 0.1% | -41.3% |
| MRK MERCK & CO. INC. | Healthcare | 2.5K | $297K | 0.0% | -2.2% |
| STEL STELLAR BANCORP INC | Financials | 7.0K | $257K | 0.0% | -79.7% |
| BHC BAUSCH HEALTH COS INC | Healthcare | 42.3K | $228K | 0.0% | Held |
| F FORD MOTOR CO | Industrials | 1.6K | $18K | 0.0% | New |
| PVCT PROVECTUS BIOPHARMACEUTICA-A | Healthcare | 20.0K | $1K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 38 | $699.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 42 | $752.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Dec 12, 2025 | 42 | $701.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 1, 2025 | 41 | $700.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 40 | $579.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 42 | $611.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 17, 2024 | 33 | $577.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 30, 2024 | 35 | $554.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 33 | $528.5M | canonical | SEC ↗ |
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