BAXTER BROS INC
Long book
$810.1M
Q1 2026
Positions
166
Top-10 weight
42%
concentration
Last quarter
+8.9%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsBAXTER BROS INC is a diversified fundamental manager, running a $810.1M US long book across 166 positions.
The portfolio is moderately concentrated (top 10 ≈ 42% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: BERKSHIRE HATHAWAY INC-CL B, MICROSOFT CORP, EXXON MOBIL CORP, ALPHABET INC-CL C, VISA INC-CLASS A SHARES.
Over the last 9 quarters its long book ran on average 1.6pp per quarter behind the S&P 500, beating the index in 1 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.7%
Q2 2024
+5.2%
Q3 2024
+0.9%
Q4 2024
+1.4%
Q1 2025
+7.7%
Q2 2025
+4.4%
Q3 2025
+2.1%
Q4 2025
-5.2%
Q1 2026
+8.9%
Sector allocation
Technology 27%
Financials 26%
Industrials 13%
Services media 10%
Energy 9%
Consumer discretionary 5%
Healthcare 4%
Other 3%
Long book by quarter
What does BAXTER BROS own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 135.9K | $65.1M | 8.0% | -0.5% |
| MSFT MICROSOFT CORP | Technology | 130.0K | $48.1M | 5.9% | -0.4% |
| XOM EXXON MOBIL CORP | Energy | 273.0K | $46.3M | 5.7% | -0.9% |
| GOOG ALPHABET INC-CL C | Technology | 117.6K | $33.7M | 4.2% | -2.8% |
| V VISA INC-CLASS A SHARES | Services media | 94.3K | $28.5M | 3.5% | +0.8% |
| GOOGL ALPHABET INC-CL A | Technology | 93.2K | $26.8M | 3.3% | -3.5% |
| INTU INTUIT INC | Technology | 58.3K | $25.2M | 3.1% | -3.0% |
| AXP AMERICAN EXPRESS CO | Financials | 80.0K | $24.2M | 3.0% | +2.1% |
| UNP UNION PACIFIC CORP | Industrials | 93.2K | $22.6M | 2.8% | -2.1% |
| JPM JPMORGAN CHASE & CO | Financials | 75.9K | $22.3M | 2.8% | -2.7% |
| META META PLATFORMS INC-CLASS A | Technology | 38.0K | $21.7M | 2.7% | -0.2% |
| RTX RTX CORP | Industrials | 85.8K | $16.6M | 2.0% | -9.9% |
| AMZN AMAZON.COM INC | Consumer discretionary | 77.2K | $16.1M | 2.0% | +6.9% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 78.6K | $16.0M | 2.0% | -1.5% |
| MA MASTERCARD INC - A | Services media | 31.3K | $15.6M | 1.9% | -0.9% |
| MS MORGAN STANLEY | Financials | 93.2K | $15.3M | 1.9% | -2.0% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 150.8K | $14.2M | 1.7% | +8.9% |
| CVX CHEVRON CORP | Energy | 65.1K | $13.5M | 1.7% | -4.9% |
| QCOM QUALCOMM INC | Technology | 98.2K | $12.6M | 1.6% | -3.3% |
| NFLX NETFLIX INC | Services media | 130.0K | $12.5M | 1.5% | -9.1% |
| PG PROCTER & GAMBLE CO/THE | Other | 85.4K | $12.3M | 1.5% | -1.8% |
| GS GOLDMAN SACHS GROUP INC | Financials | 14.3K | $12.1M | 1.5% | -3.6% |
| GE GENERAL ELECTRIC | Industrials | 42.5K | $12.1M | 1.5% | -0.1% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 44.6K | $10.1M | 1.2% | +0.7% |
| JNJ JOHNSON & JOHNSON | Healthcare | 40.8K | $10.0M | 1.2% | -1.0% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 18.5K | $9.1M | 1.1% | -3.5% |
| GEV GE VERNOVA INC | Industrials | 10.4K | $9.1M | 1.1% | 0.0% |
| PAYX PAYCHEX INC | Services media | 90.1K | $8.3M | 1.0% | -3.4% |
| WFC WELLS FARGO & CO | Financials | 103.8K | $8.3M | 1.0% | -0.4% |
| KO COCA-COLA CO/THE | Consumer staples | 91.8K | $7.0M | 0.9% | -4.2% |
| AAPL APPLE INC | Technology | 27.3K | $6.9M | 0.9% | -1.4% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 19.7K | $6.3M | 0.8% | -1.4% |
| HD HOME DEPOT INC | Consumer discretionary | 18.7K | $6.1M | 0.8% | -1.8% |
| CB CHUBB LTD | Financials | 17.9K | $5.8M | 0.7% | +6.7% |
| BX BLACKSTONE INC | Financials | 47.7K | $5.5M | 0.7% | +77.8% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 5.4K | $5.4M | 0.7% | -2.0% |
| TXN TEXAS INSTRUMENTS INC | Technology | 26.8K | $5.2M | 0.6% | -0.8% |
| MKL MARKEL GROUP INC | Financials | 2.6K | $5.0M | 0.6% | +3.0% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 17.4K | $5.0M | 0.6% | -2.4% |
| WRB WR BERKLEY CORP | Financials | 72.2K | $4.8M | 0.6% | -6.5% |
| UBER UBER TECHNOLOGIES INC | Services media | 65.7K | $4.7M | 0.6% | +67.0% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 13.3K | $4.6M | 0.6% | -7.0% |
| LLY ELI LILLY & CO | Healthcare | 4.6K | $4.3M | 0.5% | -4.4% |
| PSX PHILLIPS 66 | Energy | 22.8K | $4.2M | 0.5% | -6.1% |
| CSX CSX CORP | Industrials | 98.3K | $4.0M | 0.5% | 0.0% |
| TRP TC ENERGY CORP | Utilities | 63.6K | $4.0M | 0.5% | -2.0% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 11.1K | $3.6M | 0.4% | -3.4% |
| KMI KINDER MORGAN INC | Utilities | 106.3K | $3.6M | 0.4% | -1.8% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 30.0K | $3.6M | 0.4% | -2.0% |
| CMCSA COMCAST CORP-CLASS A | Communications | 123.6K | $3.5M | 0.4% | -6.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 28, 2026 | 166 | $810.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 165 | $864.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 14, 2025 | 163 | $865.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 24, 2025 | 151 | $817.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 9, 2025 | 148 | $759.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 157 | $764.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 29, 2024 | 155 | $769.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 15, 2024 | 156 | $764.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 29, 2024 | 155 | $779.7M | canonical | SEC ↗ |
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