Barton Investment Management

Fundamental concentrated ★Highest signal CIK 1387818
League rank
#939
in Fundamental concentrated · #7285 overall
Long book
$797.3M
Q1 2026
Positions
54
Top-10 weight
85%
concentration
Last quarter
+0.7%
SPY +14.8%
Turnover
11%
of book per quarter

Strategy in plain words

auto-generated from filings

Barton Investment Management is a concentrated fundamental stock-picker, running a $797.3M US long book across 54 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: NETFLIX INC, SHOPIFY INC - CLASS A, AMAZON.COM INC, GLOBAL-E ONLINE LTD, EQUINIX INC.

Over the last 9 quarters its long book ran on average 1.6pp per quarter behind the S&P 500, beating the index in 3 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
-0.4%
Q2 2024
+6.9%
Q3 2024
+20.3%
Q4 2024
-6.1%
Q1 2025
+19.9%
Q2 2025
+2.5%
Q3 2025
-4.4%
Q4 2025
-13.3%
Q1 2026
+0.7%

Sector allocation

Technology
44%
Services media
31%
Consumer discretionary
14%
Financials
4%
Other
3%
Utilities
2%
Healthcare
1%
Industrials
0%

Long book by quarter

$824.2M
Q1 2024
$751.7M
Q2 2024
$799.7M
Q3 2024
$942.8M
Q4 2024
$814.1M
Q1 2025
$965.1M
Q2 2025
$981.9M
Q3 2025
$928.1M
Q4 2025
$797.3M
Q1 2026

What does Barton Investment own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
NFLX NETFLIX INCServices media2.3M$225.3M28.3%-1.2%
SHOP SHOPIFY INC - CLASS ATechnology1.6M$190.1M23.8%-2.3%
AMZN AMAZON.COM INCConsumer discretionary497.2K$103.6M13.0%-1.7%
GLBE GLOBAL-E ONLINE LTDTechnology1.1M$33.6M4.2%+0.8%
AL AIR LEASE CORP340.0K$22.1M2.8%-15.7%
KVYO KLAVIYO INC-ATechnology1.1M$20.4M2.6%+56.7%
OWL BLUE OWL CAPITAL INCFinancials2.0M$18.6M2.3%+4.6%
OKTA OKTA INCTechnology226.6K$17.8M2.2%-9.7%
GFL GFL ENVIRONMENTAL INC-SUB VTUtilities419.5K$17.5M2.2%-0.2%
GTLB GITLAB INC-CL ATechnology554.9K$12.0M1.5%-0.7%
MSFT MICROSOFT CORPTechnology24.4K$9.0M1.1%-0.2%
EA ELECTRONIC ARTS INCTechnology43.7K$8.9M1.1%-10.9%
BRK/A BERKSHIRE HATHAWAY INC-CL AFinancials10$7.2M0.9%Held
AAPL APPLE INCTechnology24.9K$6.3M0.8%-2.1%
BL BLACKLINE INCTechnology158.6K$5.9M0.7%-1.0%
GOOGL ALPHABET INC-CL ATechnology19.2K$5.5M0.7%-0.9%
PYPL PAYPAL HOLDINGS INCServices media106.7K$4.8M0.6%-9.0%
QCOM QUALCOMM INCTechnology36.8K$4.7M0.6%-21.8%
JNJ JOHNSON & JOHNSONHealthcare14.2K$3.5M0.4%-4.2%
GOOG ALPHABET INC-CL CTechnology10.6K$3.1M0.4%Held
SYM SYMBOTIC INCIndustrials36.8K$2.0M0.2%+20.1%
ABBV ABBVIE INCHealthcare7.6K$1.6M0.2%-21.2%
TROW T ROWE PRICE GROUP INCFinancials16.4K$1.5M0.2%Held
XOM EXXON MOBIL CORPEnergy8.2K$1.4M0.2%-33.7%
COST COSTCO WHOLESALE CORPConsumer discretionary1.0K$1.0M0.1%Held
MRK MERCK & CO. INC.Healthcare8.2K$981K0.1%Held
RPRX ROYALTY PHARMA PLC- CL AHealthcare18.9K$905K0.1%New
DASH DOORDASH INC - AServices media6.0K$901K0.1%Held
ORCL ORACLE CORPTechnology5.8K$851K0.1%Held
ABT ABBOTT LABORATORIESHealthcare7.9K$807K0.1%-20.6%
ADBE ADOBE INCTechnology3.2K$778K0.1%Held
NVDA NVIDIA CORPTechnology3.7K$639K0.1%-8.7%
DIS WALT DISNEY CO/THEServices media6.3K$606K0.1%Held
BILL BILL HOLDINGS INCTechnology14.2K$543K0.1%-6.2%
VRT VERTIV HOLDINGS CO-ATechnology2.1K$522K0.1%-5.7%
AXP AMERICAN EXPRESS COFinancials1.5K$461K0.1%-1.2%
QXO QXO INCConsumer discretionary22.3K$433K0.1%New
CSCO CISCO SYSTEMS INCTechnology5.1K$394K0.0%+19.1%
META META PLATFORMS INC-CLASS ATechnology629$360K0.0%-19.3%
WMT WALMART INCConsumer discretionary2.5K$315K0.0%Held
NTRS NORTHERN TRUST CORPFinancials2.3K$314K0.0%Held
AVGO BROADCOM INCTechnology995$308K0.0%Held
ADP AUTOMATIC DATA PROCESSINGTechnology1.4K$284K0.0%Held
PFE PFIZER INCHealthcare9.7K$273K0.0%-0.8%
ADI ANALOG DEVICES INCTechnology735$234K0.0%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 20, 202654$797.3M canonicalSEC ↗
Q4 202513F-HRJan 21, 202652$928.1M canonicalSEC ↗
Q3 202513F-HROct 21, 202551$981.9M canonicalSEC ↗
Q2 202513F-HRJul 21, 202548$965.1M canonicalSEC ↗
Q1 202513F-HRApr 11, 202546$814.1M canonicalSEC ↗
Q4 202413F-HRJan 27, 202548$942.8M canonicalSEC ↗
Q3 202413F-HROct 17, 202449$799.7M canonicalSEC ↗
Q2 202413F-HRJul 18, 202443$751.7M canonicalSEC ↗
Q1 202413F-HRApr 26, 202446$824.2M canonicalSEC ↗