Cincinnati Specialty Underwriters Insurance CO
Long book
$411.6M
Q1 2026
Positions
46
Top-10 weight
57%
concentration
Last quarter
+13.7%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsCincinnati Specialty Underwriters Insurance CO is a concentrated fundamental stock-picker, running a $411.6M US long book across 46 positions.
The portfolio is concentrated: the top 10 names carry 57% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, BROADCOM INC, ENBRIDGE INC, MICROSOFT CORP, JPMORGAN CHASE & CO.
Over the last 9 quarters its long book ran on average 1.5pp 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
+6.0%
Q2 2024
+10.1%
Q3 2024
+7.6%
Q4 2024
-8.1%
Q1 2025
+14.8%
Q2 2025
+12.7%
Q3 2025
+1.9%
Q4 2025
-4.6%
Q1 2026
+13.7%
Sector allocation
Technology 46%
Financials 14%
Energy 9%
Other 6%
Consumer discretionary 5%
Industrials 5%
Healthcare 5%
Utilities 4%
Long book by quarter
What does Cincinnati Specialty own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 253.1K | $64.2M | 15.6% | -17.8% |
| AVGO BROADCOM INC | Technology | 182.3K | $56.4M | 13.7% | -53.2% |
| ENB ENBRIDGE INC | Energy | 443.7K | $24.0M | 5.8% | Held |
| MSFT MICROSOFT CORP | Technology | 60.0K | $22.2M | 5.4% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 46.5K | $13.7M | 3.3% | Held |
| ADI ANALOG DEVICES INC | Technology | 37.3K | $11.9M | 2.9% | Held |
| WEC WEC ENERGY GROUP INC | Utilities | 95.0K | $11.0M | 2.7% | Held |
| VLO VALERO ENERGY CORP | Energy | 44.1K | $10.9M | 2.6% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 32.0K | $10.5M | 2.6% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 129.5K | $10.0M | 2.4% | +44.7% |
| ABBV ABBVIE INC | Healthcare | 45.2K | $9.8M | 2.4% | +66.2% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 47.0K | $9.5M | 2.3% | Held |
| OC OWENS CORNING | Industrials | 83.7K | $9.1M | 2.2% | New |
| RPM RPM INTERNATIONAL INC | Other | 80.0K | $8.0M | 1.9% | Held |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 15.8K | $7.8M | 1.9% | New |
| AJG ARTHUR J GALLAGHER & CO | Financials | 35.7K | $7.7M | 1.9% | +323.2% |
| MCHP MICROCHIP TECHNOLOGY INC | Technology | 115.0K | $7.4M | 1.8% | New |
| UNH UNITEDHEALTH GROUP INC | Financials | 26.0K | $7.0M | 1.7% | New |
| MRSH MARSH & MCLENNAN COS | Financials | 35.8K | $6.2M | 1.5% | +176.1% |
| MDLZ MONDELEZ INTERNATIONAL INC-A | Consumer staples | 104.7K | $6.0M | 1.5% | +90.4% |
| TJX TJX COMPANIES INC | Consumer discretionary | 37.0K | $5.9M | 1.4% | Held |
| MMM 3M CO | Healthcare | 40.1K | $5.8M | 1.4% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 37.7K | $5.4M | 1.3% | New |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 32.6K | $5.4M | 1.3% | New |
| RTX RTX CORP | Industrials | 26.0K | $5.0M | 1.2% | Held |
| ACN ACCENTURE PLC-CL A | Services media | 25.0K | $5.0M | 1.2% | Held |
| ARES ARES MANAGEMENT CORP - A | Financials | 45.3K | $4.9M | 1.2% | New |
| SNA SNAP-ON INC | Industrials | 13.5K | $4.9M | 1.2% | Held |
| NEE NEXTERA ENERGY INC | Utilities | 50.0K | $4.6M | 1.1% | Held |
| SSB SOUTHSTATE BANK CORP | Financials | 50.0K | $4.6M | 1.1% | New |
| USB US BANCORP | Financials | 78.5K | $4.1M | 1.0% | Held |
| RF REGIONS FINANCIAL CORP | Financials | 153.0K | $4.0M | 1.0% | +72.5% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 13.0K | $3.8M | 0.9% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 11.5K | $3.6M | 0.9% | Held |
| HAS HASBRO INC | Other | 30.0K | $2.8M | 0.7% | Held |
| ABT ABBOTT LABORATORIES | Healthcare | 27.2K | $2.8M | 0.7% | Held |
| VZ VERIZON COMMUNICATIONS INC | Communications | 30.0K | $1.5M | 0.4% | Held |
| CMCSA COMCAST CORP-CLASS A | Communications | 50.0K | $1.4M | 0.3% | Held |
| PEP PEPSICO INC | Consumer staples | 7.0K | $1.1M | 0.3% | Held |
| LYB LYONDELLBASELL INDU-CL A | Other | 12.3K | $994K | 0.2% | Held |
| PNW PINNACLE WEST CAPITAL | Utilities | 9.7K | $979K | 0.2% | Held |
| WAL WESTERN ALLIANCE BANCORP | Financials | 11.9K | $843K | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 46 | $411.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 38 | $433.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 37 | $427.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 37 | $380.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 37 | $332.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 37 | $363.7M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 7, 2024 | 39 | $340.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 41 | $332.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 40 | $318.0M | canonical | SEC ↗ |
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