Carnegie Lake Advisors LLC
Long book
$251.7M
Q1 2026
Positions
166
Top-10 weight
34%
concentration
Last quarter
+10.2%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsCarnegie Lake Advisors LLC is a diversified fundamental manager, running a $251.7M US long book across 166 positions.
The portfolio is moderately concentrated (top 10 ≈ 34% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, BERKSHIRE HATHAWAY INC-CL B, MICROSOFT CORP, STRYKER CORP, AMGEN INC.
Over the last 7 quarters its long book ran on average 2pp per quarter behind the S&P 500, beating the index in 3 of 7 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
Q3 2024
+0.2%
Q4 2024
-1.2%
Q1 2025
+2.7%
Q2 2025
+4.5%
Q3 2025
+3.0%
Q4 2025
-2.8%
Q1 2026
+10.2%
Sector allocation
Technology 21%
Financials 18%
Healthcare 16%
Consumer discretionary 15%
Industrials 7%
Energy 6%
Other 5%
Services media 3%
Long book by quarter
What does Carnegie Lake own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 48.2K | $12.2M | 4.9% | -2.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 24.2K | $11.6M | 4.6% | -0.5% |
| MSFT MICROSOFT CORP | Technology | 29.6K | $10.9M | 4.3% | +3.6% |
| SYK STRYKER CORP | Healthcare | 27.2K | $8.9M | 3.5% | Held |
| AMGN AMGEN INC | Healthcare | 23.3K | $8.2M | 3.3% | Held |
| GOOG ALPHABET INC-CL C | Technology | 27.3K | $7.8M | 3.1% | -2.1% |
| PH PARKER HANNIFIN CORP | Industrials | 8.3K | $7.4M | 3.0% | -0.7% |
| WCC WESCO INTERNATIONAL INC | Consumer discretionary | 24.3K | $6.6M | 2.6% | -22.2% |
| UNH UNITEDHEALTH GROUP INC | Financials | 24.4K | $6.6M | 2.6% | -0.1% |
| JPM JPMORGAN CHASE & CO | Financials | 21.2K | $6.2M | 2.5% | +2.4% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 6.0K | $6.0M | 2.4% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 14.3K | $4.7M | 1.9% | 0.0% |
| CNX CNX RESOURCES CORP | Energy | 118.4K | $4.6M | 1.8% | -4.4% |
| CSCO CISCO SYSTEMS INC | Technology | 54.9K | $4.3M | 1.7% | Held |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 9.1K | $4.2M | 1.7% | Held |
| WMT WALMART INC | Consumer discretionary | 30.1K | $3.7M | 1.5% | Held |
| CVX CHEVRON CORP | Energy | 17.4K | $3.6M | 1.4% | -5.7% |
| GOOGL ALPHABET INC-CL A | Technology | 12.5K | $3.6M | 1.4% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 14.1K | $3.4M | 1.4% | -3.0% |
| INGR INGREDION INC | Consumer staples | 29.3K | $3.3M | 1.3% | Held |
| BN BROOKFIELD CORP | Real estate | 75.2K | $3.0M | 1.2% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 14.3K | $3.0M | 1.2% | -1.9% |
| DIS WALT DISNEY CO/THE | Services media | 28.3K | $2.7M | 1.1% | -6.3% |
| WMB WILLIAMS COS INC | Utilities | 33.8K | $2.5M | 1.0% | Held |
| KO COCA-COLA CO/THE | Consumer staples | 31.1K | $2.4M | 0.9% | Held |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 9.9K | $2.3M | 0.9% | -3.3% |
| AVGO BROADCOM INC | Technology | 7.4K | $2.3M | 0.9% | -0.7% |
| PFS PROVIDENT FINANCIAL SERVICES | Financials | 107.0K | $2.3M | 0.9% | Held |
| WSC WILLSCOT HOLDINGS CORP | Services media | 125.0K | $2.2M | 0.9% | -1.9% |
| BAC BANK OF AMERICA CORP | Financials | 44.2K | $2.2M | 0.9% | -2.2% |
| NKE NIKE INC -CL B | Other | 38.0K | $2.0M | 0.8% | -1.4% |
| KMI 4.75 03/31/28 EL PASO ENERGY CAP TRST | — | 58.3K | $2.0M | 0.8% | New |
| MCD MCDONALD'S CORP | Consumer discretionary | 6.2K | $1.9M | 0.8% | -0.4% |
| PEP PEPSICO INC | Consumer staples | 11.7K | $1.8M | 0.7% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 11.3K | $1.6M | 0.7% | Held |
| AZO AUTOZONE INC | Consumer discretionary | 461 | $1.6M | 0.6% | Held |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 12.9K | $1.5M | 0.6% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 6.3K | $1.5M | 0.6% | +59.3% |
| ENB ENBRIDGE INC | Energy | 27.8K | $1.5M | 0.6% | -0.4% |
| OCSL OAKTREE SPECIALTY LENDING CO | — | 131.3K | $1.5M | 0.6% | -0.2% |
| PFE PFIZER INC | Healthcare | 51.5K | $1.4M | 0.6% | -3.3% |
| GE GENERAL ELECTRIC | Industrials | 5.0K | $1.4M | 0.6% | Held |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 23.1K | $1.4M | 0.6% | -0.9% |
| BCC BOISE CASCADE CO | Consumer discretionary | 16.1K | $1.2M | 0.5% | -2.2% |
| BA BOEING CO/THE | Industrials | 6.1K | $1.2M | 0.5% | -1.6% |
| ARMK ARAMARK | Consumer discretionary | 28.6K | $1.2M | 0.5% | Held |
| BX BLACKSTONE INC | Financials | 9.9K | $1.1M | 0.5% | +15.7% |
| INTC INTEL CORP | Technology | 25.7K | $1.1M | 0.5% | -1.7% |
| BLDR BUILDERS FIRSTSOURCE INC | Consumer discretionary | 13.5K | $1.1M | 0.4% | Held |
| GEV GE VERNOVA INC | Industrials | 1.3K | $1.1M | 0.4% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 29, 2026 | 167 | $251.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 165 | $262.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 20, 2025 | 166 | $259.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 6, 2025 | 163 | $252.6M | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 5, 2025 | 162 | $246.4M | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 29, 2025 | 163 | $247.8M | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 4, 2024 | 157 | $252.7M | $K fixed canonical | SEC ↗ |
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