ARMSTRONG HENRY H ASSOCIATES INC
Long book
$981.4M
Q1 2026
Positions
61
Top-10 weight
89%
concentration
Last quarter
+8.3%
SPY +14.8%
Turnover
2%
of book per quarter
Strategy in plain words
auto-generated from filingsARMSTRONG HENRY H ASSOCIATES INC is a concentrated fundamental stock-picker, running a $981.4M US long book across 61 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: MICROSOFT CORP, BERKSHIRE HATHAWAY INC-CL A, BERKSHIRE HATHAWAY INC-CL B, JOHNSON & JOHNSON, MOODY'S CORP.
Over the last 9 quarters its long book ran on average 2.5pp per quarter behind the S&P 500, beating the index in 2 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
+0.8%
Q2 2024
+6.1%
Q3 2024
-1.9%
Q4 2024
+4.0%
Q1 2025
+4.5%
Q2 2025
+4.8%
Q3 2025
-0.5%
Q4 2025
-8.3%
Q1 2026
+8.3%
Sector allocation
Financials 38%
Technology 30%
Healthcare 10%
Services media 8%
Other 5%
Industrials 4%
Consumer discretionary 2%
Materials 2%
Long book by quarter
What does ARMSTRONG HENRY own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 628.4K | $232.6M | 23.7% | -0.9% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 274 | $196.8M | 20.1% | -1.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 368.7K | $176.7M | 18.0% | +0.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 320.1K | $78.2M | 8.0% | -0.2% |
| MCO MOODY'S CORP | Services media | 144.1K | $62.9M | 6.4% | -0.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 353.2K | $51.0M | 5.2% | -0.5% |
| GOOG ALPHABET INC-CL C | Technology | 92.9K | $26.7M | 2.7% | -0.9% |
| UNP UNION PACIFIC CORP | Industrials | 66.8K | $16.2M | 1.7% | +1.0% |
| AAPL APPLE INC | Technology | 58.4K | $14.8M | 1.5% | -1.0% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 50.6K | $14.7M | 1.5% | +2.0% |
| FAST FASTENAL CO | Consumer discretionary | 263.3K | $12.2M | 1.2% | +25.6% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 7.8K | $10.3M | 1.0% | +20.0% |
| KO COCA-COLA CO/THE | Consumer staples | 129.1K | $9.8M | 1.0% | -1.8% |
| MDT MEDTRONIC PLC | Healthcare | 99.6K | $8.6M | 0.9% | -0.3% |
| GOOGL ALPHABET INC-CL A | Technology | 24.5K | $7.0M | 0.7% | -29.3% |
| MA MASTERCARD INC - A | Services media | 13.1K | $6.5M | 0.7% | -0.2% |
| ABBV ABBVIE INC | Healthcare | 17.7K | $3.9M | 0.4% | -0.1% |
| HD HOME DEPOT INC | Consumer discretionary | 10.8K | $3.6M | 0.4% | -0.7% |
| GE GENERAL ELECTRIC | Industrials | 12.0K | $3.4M | 0.3% | Held |
| ADP AUTOMATIC DATA PROCESSING | Technology | 13.9K | $2.8M | 0.3% | -1.6% |
| NVDA NVIDIA CORP | Technology | 15.4K | $2.7M | 0.3% | Held |
| RBA RB GLOBAL INC | Services media | 27.0K | $2.6M | 0.3% | +17.3% |
| UBER UBER TECHNOLOGIES INC | Services media | 35.7K | $2.6M | 0.3% | +0.9% |
| PEP PEPSICO INC | Consumer staples | 16.1K | $2.5M | 0.3% | -0.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 11.7K | $2.4M | 0.2% | Held |
| GEV GE VERNOVA INC | Industrials | 2.6K | $2.3M | 0.2% | Held |
| J JACOBS SOLUTIONS INC | Industrials | 17.1K | $2.2M | 0.2% | Held |
| V VISA INC-CLASS A SHARES | Services media | 6.3K | $1.9M | 0.2% | -5.0% |
| ABT ABBOTT LABORATORIES | Healthcare | 18.4K | $1.9M | 0.2% | -3.7% |
| MMM 3M CO | Healthcare | 11.5K | $1.7M | 0.2% | -0.7% |
| XOM EXXON MOBIL CORP | Energy | 7.7K | $1.3M | 0.1% | Held |
| TJX TJX COMPANIES INC | Consumer discretionary | 7.7K | $1.2M | 0.1% | -1.2% |
| WAT WATERS CORP | Healthcare | 4.0K | $1.2M | 0.1% | -4.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.1K | $1.1M | 0.1% | Held |
| DIS WALT DISNEY CO/THE | Services media | 9.1K | $873K | 0.1% | Held |
| ADSK AUTODESK INC | Technology | 3.5K | $831K | 0.1% | Held |
| WMT WALMART INC | Consumer discretionary | 6.4K | $791K | 0.1% | Held |
| MU MICRON TECHNOLOGY INC | Technology | 1.8K | $608K | 0.1% | Held |
| GLW CORNING INC | Industrials | 4.5K | $605K | 0.1% | Held |
| MKC MCCORMICK & CO-NON VTG SHRS | Consumer staples | 11.7K | $588K | 0.1% | +0.6% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 6.1K | $572K | 0.1% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 2.2K | $542K | 0.1% | Held |
| EMR EMERSON ELECTRIC CO | Industrials | 4.0K | $529K | 0.1% | Held |
| PFE PFIZER INC | Healthcare | 15.4K | $432K | 0.0% | Held |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 1.2K | $385K | 0.0% | Held |
| CVX CHEVRON CORP | Energy | 1.6K | $326K | 0.0% | Held |
| RTX RTX CORP | Industrials | 1.6K | $308K | 0.0% | Held |
| CDNA CAREDX INC | Healthcare | 16.0K | $278K | 0.0% | Held |
| GEHC GE HEALTHCARE TECHNOLOGY | Healthcare | 3.5K | $248K | 0.0% | Held |
| BHC BAUSCH HEALTH COS INC | Healthcare | 44.2K | $239K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 7, 2026 | 62 | $981.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 6, 2026 | 63 | $1.08B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 2, 2025 | 63 | $1.11B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 7, 2025 | 58 | $1.06B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 8, 2025 | 58 | $1.03B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 13, 2025 | 58 | $1.00B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 2, 2024 | 63 | $1.04B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 2, 2024 | 56 | $1.03B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR/ANEW HOLDINGS | Jul 2, 2024 | 59 | $1.00B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 11, 2024 | 56 | $1.03B | canonical | SEC ↗ |
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