Central Securities Corp
Long book
$1.21B
Q1 2026
Positions
30
Top-10 weight
59%
concentration
Last quarter
+10.7%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsCentral Securities Corp is a concentrated fundamental stock-picker, running a $1.21B US long book across 30 positions.
The portfolio is concentrated: the top 10 names carry 59% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ALPHABET INC-CL A, ANALOG DEVICES INC, PROGRESSIVE CORP, SCHWAB (CHARLES) CORP, CAPITAL ONE FINANCIAL CORP.
Over the last 9 quarters its long book ran on average 0.3pp 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
+2.5%
Q2 2024
+7.1%
Q3 2024
+2.4%
Q4 2024
+0.5%
Q1 2025
+8.6%
Q2 2025
+5.0%
Q3 2025
+3.4%
Q4 2025
-2.6%
Q1 2026
+10.7%
Sector allocation
Technology 42%
Financials 31%
Services media 10%
Healthcare 5%
Consumer discretionary 5%
Energy 5%
Other 4%
Long book by quarter
What does Central Securities own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 400.0K | $115.0M | 9.5% | -4.8% |
| ADI ANALOG DEVICES INC | Technology | 350.0K | $111.3M | 9.2% | -2.8% |
| PGR PROGRESSIVE CORP | Financials | 400.0K | $79.3M | 6.5% | Held |
| SCHW SCHWAB (CHARLES) CORP | Financials | 700.0K | $65.8M | 5.4% | -12.5% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 350.0K | $63.9M | 5.3% | +4.5% |
| MSI MOTOROLA SOLUTIONS INC | Technology | 140.0K | $60.8M | 5.0% | Held |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 200.0K | $56.5M | 4.7% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 260.0K | $54.2M | 4.5% | Held |
| CVX CHEVRON CORP | Energy | 256.3K | $53.0M | 4.4% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 90.0K | $51.5M | 4.3% | Held |
| TDY TELEDYNE TECHNOLOGIES INC | Technology | 70.0K | $42.4M | 3.5% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 140.0K | $42.3M | 3.5% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 140.0K | $41.2M | 3.4% | Held |
| SUNB SUNBELT RENTALS HOLDINGS INC | Services media | 600.0K | $39.1M | 3.2% | New |
| MSFT MICROSOFT CORP | Technology | 80.0K | $29.6M | 2.4% | Held |
| AJG ARTHUR J GALLAGHER & CO | Financials | 135.0K | $29.2M | 2.4% | +28.6% |
| MELI MERCADOLIBRE INC | Services media | 15.5K | $26.8M | 2.2% | +19.2% |
| NKE NIKE INC -CL B | Other | 500.0K | $26.4M | 2.2% | Held |
| AON AON PLC-CLASS A | Financials | 80.0K | $25.8M | 2.1% | -20.0% |
| V VISA INC-CLASS A SHARES | Services media | 75.0K | $22.7M | 1.9% | Held |
| MDT MEDTRONIC PLC | Healthcare | 250.0K | $21.7M | 1.8% | Held |
| MRK MERCK & CO. INC. | Healthcare | 150.0K | $18.0M | 1.5% | Held |
| EFX EQUIFAX INC | Services media | 100.0K | $18.0M | 1.5% | New |
| ROP ROPER TECHNOLOGIES INC | Technology | 50.0K | $17.7M | 1.5% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 70.0K | $17.1M | 1.4% | -12.5% |
| BRC BRADY CORPORATION - CL A | Other | 200.0K | $16.2M | 1.3% | Held |
| TWFG TWFG INC | Financials | 500.0K | $9.2M | 0.8% | +5.3% |
| WSC WILLSCOT HOLDINGS CORP | Services media | 225.0K | $3.9M | 0.3% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 8, 2026 | 30 | $1.21B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 29 | $1.24B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 29 | $1.21B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 27 | $1.13B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 27 | $1.05B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 28 | $1.05B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 27 | $1.03B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 28 | $1.01B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 27 | $990.4M | canonical | SEC ↗ |
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