BANYAN CAPITAL MANAGEMENT, INC.

Fundamental concentrated ★Highest signal CIK 846600
League rank
#888
in Fundamental concentrated · #7118 overall
Long book
$232.1M
Q1 2026
Positions
55
Top-10 weight
63%
concentration
Last quarter
+4.2%
SPY +14.8%
Turnover
10%
of book per quarter

Strategy in plain words

auto-generated from filings

BANYAN CAPITAL MANAGEMENT, INC. is a concentrated fundamental stock-picker, running a $232.1M US long book across 55 positions.

The portfolio is concentrated: the top 10 names carry 63% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: MARKEL GROUP INC, BERKSHIRE HATHAWAY INC-CL B, PHINIA INC, THE CIGNA GROUP, VONTIER CORP.

Over the last 9 quarters its long book ran on average 2.7pp per quarter behind the S&P 500, beating the index in 4 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
-3.5%
Q2 2024
+8.6%
Q3 2024
+0.5%
Q4 2024
+1.9%
Q1 2025
+5.2%
Q2 2025
-1.3%
Q3 2025
+3.4%
Q4 2025
-3.0%
Q1 2026
+4.2%

Sector allocation

Financials
28%
Technology
20%
Industrials
15%
Consumer discretionary
14%
Healthcare
6%
Services media
5%
Communications
4%
Other
4%

Long book by quarter

$176.4M
Q1 2024
$165.5M
Q2 2024
$172.6M
Q3 2024
$166.7M
Q4 2024
$177.1M
Q1 2025
$194.5M
Q2 2025
$220.2M
Q3 2025
$230.1M
Q4 2025
$232.1M
Q1 2026

What does BANYAN CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MKL MARKEL GROUP INCFinancials11.1K$21.2M9.1%Held
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials40.5K$19.4M8.4%Held
PHIN PHINIA INCIndustrials255.5K$17.5M7.5%Held
CI THE CIGNA GROUPFinancials62.6K$16.7M7.2%Held
VNT VONTIER CORPTechnology433.6K$15.4M6.6%Held
PH PARKER HANNIFIN CORPIndustrials15.6K$13.9M6.0%Held
DG DOLLAR GENERAL CORPConsumer discretionary116.5K$13.8M6.0%Held
AAPL APPLE INCTechnology41.6K$10.6M4.6%Held
LH LABCORP HOLDINGS INCHealthcare39.1K$10.4M4.5%Held
FDS FACTSET RESEARCH SYSTEMS INCTechnology34.8K$7.6M3.3%Held
HEIO HEINEKEN HOLDING NV105.2K$7.5M3.2%Held
HSIC HENRY SCHEIN INCConsumer discretionary98.9K$7.3M3.1%Held
KMX CARMAX INCConsumer discretionary172.2K$7.2M3.1%Held
ROP ROPER TECHNOLOGIES INCTechnology18.2K$6.4M2.8%Held
CHTR CHARTER COMMUNICATIONS INC-ACommunications24.8K$5.3M2.3%Held
FISV FISERV INCServices media93.4K$5.2M2.2%Held
BF/B BROWN-FORMAN CORP-CLASS BConsumer staples196.3K$5.2M2.2%Held
ABNB AIRBNB INC-CLASS AServices media39.6K$5.0M2.2%Held
DHR DANAHER CORPTechnology18.9K$3.6M1.5%Held
LBRDK LIBERTY BROADBAND-CCommunications69.9K$3.5M1.5%Held
AXP AMERICAN EXPRESS COFinancials10.7K$3.2M1.4%Held
WMT WALMART INCConsumer discretionary8.3K$1.0M0.4%Held
IBM INTL BUSINESS MACHINES CORPTechnology4.2K$1.0M0.4%Held
JNJ JOHNSON & JOHNSONHealthcare3.5K$856K0.4%Held
MCD MCDONALD'S CORPConsumer discretionary2.5K$792K0.3%Held
XOM EXXON MOBIL CORPEnergy4.6K$786K0.3%Held
NEM NEWMONT CORPMaterials7.0K$763K0.3%Held
CVX CHEVRON CORPEnergy3.6K$749K0.3%Held
MRK MERCK & CO. INC.Healthcare6.1K$740K0.3%Held
B BARRICK MINING CORPMaterials17.3K$706K0.3%Held
GWW WW GRAINGER INCConsumer discretionary634$692K0.3%Held
LLY ELI LILLY & COHealthcare750$690K0.3%Held
ABBV ABBVIE INCHealthcare3.1K$678K0.3%Held
CAT CATERPILLAR INCIndustrials895$634K0.3%Held
KO COCA-COLA CO/THEConsumer staples8.0K$607K0.3%Held
WPM WHEATON PRECIOUS METALS CORPMaterials4.3K$567K0.2%Held
JPM JPMORGAN CHASE & COFinancials1.9K$565K0.2%Held
EMR EMERSON ELECTRIC COIndustrials4.1K$531K0.2%Held
PG PROCTER & GAMBLE CO/THEOther3.7K$531K0.2%Held
ALL ALLSTATE CORPFinancials2.5K$509K0.2%Held
TXN TEXAS INSTRUMENTS INCTechnology2.5K$489K0.2%Held
PSX PHILLIPS 66Energy2.5K$455K0.2%Held
RTX RTX CORPIndustrials2.2K$418K0.2%Held
SO SOUTHERN CO/THEUtilities3.7K$362K0.2%Held
DUK DUKE ENERGY CORPUtilities2.5K$326K0.1%Held
OKE ONEOK INCUtilities3.5K$316K0.1%Held
CSCO CISCO SYSTEMS INCTechnology3.7K$287K0.1%Held
KMI KINDER MORGAN INCUtilities8.5K$284K0.1%Held
BAC BANK OF AMERICA CORPFinancials5.6K$274K0.1%Held
VLTO VERALTO CORPTechnology2.7K$236K0.1%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 1, 202655$232.1M canonicalSEC ↗
Q4 202513F-HRFeb 2, 202655$230.1M canonicalSEC ↗
Q3 202513F-HRNov 3, 202556$220.2M canonicalSEC ↗
Q2 202513F-HRJul 15, 202519$194.5M canonicalSEC ↗
Q1 202513F-HRMay 2, 202516$177.1M canonicalSEC ↗
Q4 202413F-HRFeb 3, 202516$166.7M canonicalSEC ↗
Q3 202413F-HRNov 7, 202416$172.6M canonicalSEC ↗
Q2 202413F-HRAug 12, 202418$165.5M canonicalSEC ↗
Q1 202413F-HRMay 3, 202420$176.4M $K fixed canonicalSEC ↗