Consulta Ltd
Long book
$2.01B
Q1 2026
Positions
13
Top-10 weight
88%
concentration
Last quarter
+9.1%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsConsulta Ltd is a concentrated fundamental stock-picker, running a $2.01B US long book across 13 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: MICROSOFT CORP, AMAZON.COM INC, AIRBNB INC-CLASS A, VISA INC-CLASS A SHARES, QXO INC.
Over the last 9 quarters its long book ran on average 1.2pp 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
-2.9%
Q2 2024
+9.1%
Q3 2024
-2.3%
Q4 2024
-1.4%
Q1 2025
+13.7%
Q2 2025
+3.9%
Q3 2025
+6.5%
Q4 2025
-6.2%
Q1 2026
+9.1%
Sector allocation
Services media 35%
Technology 24%
Consumer discretionary 23%
Industrials 11%
Financials 6%
Real estate 1%
Long book by quarter
What does Consulta Ltd own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 675.0K | $249.9M | 12.4% | +40.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.2M | $245.8M | 12.2% | Held |
| ABNB AIRBNB INC-CLASS A | Services media | 1.8M | $227.3M | 11.3% | +20.0% |
| V VISA INC-CLASS A SHARES | Services media | 750.0K | $226.7M | 11.3% | +50.0% |
| QXO QXO INC | Consumer discretionary | 11.0M | $213.6M | 10.6% | +10.0% |
| NFLX NETFLIX INC | Services media | 1.5M | $144.2M | 7.2% | +100.0% |
| GOOGL ALPHABET INC-CL A | Technology | 440.0K | $126.5M | 6.3% | -26.1% |
| PGR PROGRESSIVE CORP | Financials | 600.0K | $118.9M | 5.9% | +117.0% |
| DHR DANAHER CORP | Technology | 600.0K | $113.8M | 5.7% | Held |
| UNP UNION PACIFIC CORP | Industrials | 450.0K | $109.2M | 5.4% | -30.8% |
| MSCI MSCI INC | Services media | 200.0K | $107.8M | 5.4% | New |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 1.4M | $106.2M | 5.3% | -40.7% |
| HHH HOWARD HUGHES HOLDINGS INC | Real estate | 300.0K | $19.0M | 0.9% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 13 | $2.01B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 14 | $2.04B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 12 | $1.76B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 10 | $1.56B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 10 | $1.48B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 13 | $1.53B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 15 | $1.62B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 14 | $1.47B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 14 | $1.55B | canonical | SEC ↗ |
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