BIRINYI ASSOCIATES INC

Fundamental concentrated ★Highest signal CIK 1079738
League rank
#346
in Fundamental concentrated · #777 overall
Long book
$367.2M
Q1 2026
Positions
60
Top-10 weight
74%
concentration
Last quarter
+18.3%
SPY +14.8%
Turnover
13%
of book per quarter

Strategy in plain words

auto-generated from filings

BIRINYI ASSOCIATES INC is a concentrated fundamental stock-picker, running a $367.2M US long book across 60 positions.

The portfolio is concentrated: the top 10 names carry 74% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, ALPHABET INC-CL A, SS SPDR S&P 500 ETF TRUST-US, AMAZON.COM INC, MASTERCARD INC - A.

Over the last 9 quarters its long book ran on average 1.3pp per quarter ahead of 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
+10.0%
Q2 2024
+5.1%
Q3 2024
+7.4%
Q4 2024
-7.4%
Q1 2025
+9.6%
Q2 2025
+11.3%
Q3 2025
+5.4%
Q4 2025
-7.4%
Q1 2026
+18.3%

Sector allocation

Technology
57%
Consumer discretionary
13%
Financials
13%
Services media
8%
Industrials
6%
Healthcare
2%
Utilities
1%
Other
0%

Long book by quarter

$306.6M
Q1 2024
$333.9M
Q2 2024
$348.3M
Q3 2024
$363.3M
Q4 2024
$309.6M
Q1 2025
$341.9M
Q2 2025
$391.6M
Q3 2025
$399.9M
Q4 2025
$367.2M
Q1 2026

What does BIRINYI ASSOCIATES own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology330.9K$84.0M22.9%-0.1%
GOOGL ALPHABET INC-CL ATechnology143.6K$41.3M11.2%-0.2%
AMZN AMAZON.COM INCConsumer discretionary138.6K$28.9M7.9%+0.7%
MA MASTERCARD INC - AServices media44.9K$22.4M6.1%-0.3%
NVDA NVIDIA CORPTechnology107.8K$18.8M5.1%-0.1%
MSFT MICROSOFT CORPTechnology34.6K$12.8M3.5%+2.8%
C CITIGROUP INCFinancials103.9K$11.8M3.2%-1.0%
BKNG BOOKING HOLDINGS INCIndustrials2.5K$10.4M2.8%+10.8%
GS GOLDMAN SACHS GROUP INCFinancials10.1K$8.6M2.3%+3.2%
GOOG ALPHABET INC-CL CTechnology27.9K$8.0M2.2%Held
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials15.3K$7.3M2.0%-5.5%
AVGO BROADCOM INCTechnology21.4K$6.6M1.8%-17.4%
IBM INTL BUSINESS MACHINES CORPTechnology24.1K$5.8M1.6%+6.0%
BRK/A BERKSHIRE HATHAWAY INC-CL AFinancials6$4.3M1.2%Held
JNJ JOHNSON & JOHNSONHealthcare17.0K$4.2M1.1%New
WMT WALMART INCConsumer discretionary29.3K$3.6M1.0%Held
AXP AMERICAN EXPRESS COFinancials11.4K$3.4M0.9%+56.7%
DELL DELL TECHNOLOGIES -CTechnology19.5K$3.2M0.9%-26.8%
JPM JPMORGAN CHASE & COFinancials10.7K$3.2M0.9%0.0%
BA BOEING CO/THEIndustrials15.6K$3.1M0.8%New
CEG CONSTELLATION ENERGYUtilities8.6K$2.4M0.7%-2.4%
AZO AUTOZONE INCConsumer discretionary708$2.4M0.7%+14.0%
CAT CATERPILLAR INCIndustrials3.0K$2.1M0.6%Held
MCD MCDONALD'S CORPConsumer discretionary6.0K$1.9M0.5%-58.3%
LRCX LAM RESEARCH CORPIndustrials7.0K$1.5M0.4%Held
MU MICRON TECHNOLOGY INCTechnology4.0K$1.4M0.4%+3.2%
CMG CHIPOTLE MEXICAN GRILL INCConsumer discretionary42.5K$1.4M0.4%-5.6%
AMGN AMGEN INCHealthcare3.8K$1.3M0.4%Held
COST COSTCO WHOLESALE CORPConsumer discretionary1.1K$1.1M0.3%Held
LLY ELI LILLY & COHealthcare1.2K$1.1M0.3%+12.9%
SCHW SCHWAB (CHARLES) CORPFinancials11.3K$1.1M0.3%New
HD HOME DEPOT INCConsumer discretionary3.0K$987K0.3%Held
DE DEERE & COIndustrials1.6K$873K0.2%Held
V VISA INC-CLASS A SHARESServices media2.5K$748K0.2%Held
PG PROCTER & GAMBLE CO/THEOther5.1K$732K0.2%+0.1%
CVX CHEVRON CORPEnergy3.3K$683K0.2%-7.0%
LMT LOCKHEED MARTIN CORPIndustrials1.0K$604K0.2%-44.4%
CRM SALESFORCE INCTechnology3.2K$599K0.2%Held
SBUX STARBUCKS CORPConsumer discretionary6.3K$560K0.2%Held
TSLA TESLA INCIndustrials1.5K$558K0.2%Held
MSCI MSCI INCServices media1.0K$539K0.1%Held
BX BLACKSTONE INCFinancials4.7K$538K0.1%+0.4%
NFLX NETFLIX INCServices media5.1K$490K0.1%-77.7%
META META PLATFORMS INC-CLASS ATechnology735$421K0.1%-9.3%
UNH UNITEDHEALTH GROUP INCFinancials1.4K$365K0.1%Held
AMD ADVANCED MICRO DEVICESTechnology1.6K$315K0.1%+24.0%
NVR NVR INCIndustrials41$270K0.1%-36.9%
QCOM QUALCOMM INCTechnology2.0K$258K0.1%-20.0%
CSCO CISCO SYSTEMS INCTechnology3.3K$258K0.1%Held
PM PHILIP MORRIS INTERNATIONALConsumer staples1.5K$248K0.1%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 4, 202660$436.5M $K fixed canonicalSEC ↗
Q4 202513F-HRFeb 10, 202658$399.9M $K fixed canonicalSEC ↗
Q3 202513F-HROct 29, 202557$455.2M $K fixed canonicalSEC ↗
Q2 202513F-HRJul 23, 202555$416.1M $K fixed canonicalSEC ↗
Q1 202513F-HRMay 5, 202556$384.6M $K fixed canonicalSEC ↗
Q4 202413F-HRFeb 4, 202558$429K canonicalSEC ↗
Q3 202413F-HRNov 14, 202458$404.3M $K fixed canonicalSEC ↗
Q2 202413F-HRAug 1, 202457$393K canonicalSEC ↗
Q1 202413F-HRApr 23, 202456$369K canonicalSEC ↗