DAVENPORT & Co LLC
Long book
$18.03B
Q1 2026
Positions
1275
Top-10 weight
18%
concentration
Last quarter
+10.5%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsDAVENPORT & Co LLC is a mechanically diversified allocator, running a $18.03B US long book across 1275 positions.
The portfolio is broadly diversified across 1275 positions (top 10 only 18%). Turnover is modest: positions are typically held for years. Current anchor positions: BROOKFIELD CORP, AMAZON.COM INC, MARKEL GROUP INC, APPLE INC, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 1.8pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.9%
Q2 2024
+7.5%
Q3 2024
-0.2%
Q4 2024
-1.3%
Q1 2025
+6.6%
Q2 2025
+4.3%
Q3 2025
+0.4%
Q4 2025
-2.5%
Q1 2026
+10.5%
Sector allocation
Technology 21%
Financials 18%
Consumer discretionary 12%
Industrials 9%
Services media 8%
Healthcare 8%
Energy 5%
Utilities 4%
Long book by quarter
What does DAVENPORT & own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BN BROOKFIELD CORP | Real estate | 10.5M | $424.4M | 2.4% | -11.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.9M | $402.7M | 2.2% | -5.0% |
| MKL MARKEL GROUP INC | Financials | 207.2K | $395.5M | 2.2% | -1.3% |
| AAPL APPLE INC | Technology | 1.5M | $377.5M | 2.1% | +12.0% |
| MSFT MICROSOFT CORP | Technology | 1.0M | $375.5M | 2.1% | +6.2% |
| NVDA NVIDIA CORP | Technology | 2.0M | $349.4M | 1.9% | -0.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 725.2K | $346.9M | 1.9% | +35.1% |
| GOOGL ALPHABET INC-CL A | Technology | 790.4K | $225.5M | 1.3% | -0.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 892.2K | $217.7M | 1.2% | -19.2% |
| UNH UNITEDHEALTH GROUP INC | Financials | 801.7K | $215.1M | 1.2% | +19.2% |
| MLM MARTIN MARIETTA MATERIALS | Materials | 342.2K | $199.6M | 1.1% | -1.8% |
| WSO WATSCO INC | Consumer discretionary | 545.3K | $198.4M | 1.1% | +16.0% |
| CVX CHEVRON CORP | Energy | 914.8K | $190.0M | 1.1% | -19.0% |
| NEE NEXTERA ENERGY INC | Utilities | 2.0M | $182.9M | 1.0% | -0.1% |
| KNSL KINSALE CAPITAL GROUP INC | Financials | 536.9K | $182.2M | 1.0% | +1.3% |
| UNP UNION PACIFIC CORP | Industrials | 753.0K | $182.0M | 1.0% | +53.5% |
| ELV ELEVANCE HEALTH INC | Financials | 574.0K | $166.8M | 0.9% | -0.3% |
| XOM EXXON MOBIL CORP | Energy | 976.3K | $165.9M | 0.9% | -2.9% |
| CMCSA COMCAST CORP-CLASS A | Communications | 5.5M | $157.7M | 0.9% | +33.7% |
| JPM JPMORGAN CHASE & CO | Financials | 529.6K | $154.9M | 0.9% | -8.6% |
| ACN ACCENTURE PLC-CL A | Services media | 779.5K | $154.4M | 0.9% | +2.8% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 480.0K | $153.1M | 0.8% | -2.3% |
| MA MASTERCARD INC - A | Services media | 306.0K | $152.5M | 0.8% | +0.5% |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 3.4M | $151.5M | 0.8% | -1.7% |
| AVGO BROADCOM INC | Technology | 483.0K | $149.5M | 0.8% | -13.3% |
| ADI ANALOG DEVICES INC | Technology | 458.9K | $146.0M | 0.8% | -14.6% |
| V VISA INC-CLASS A SHARES | Services media | 482.7K | $145.6M | 0.8% | +0.1% |
| ROK ROCKWELL AUTOMATION INC | Other | 406.4K | $144.7M | 0.8% | -1.2% |
| TJX TJX COMPANIES INC | Consumer discretionary | 893.9K | $141.9M | 0.8% | -0.3% |
| META META PLATFORMS INC-CLASS A | Technology | 247.5K | $141.6M | 0.8% | -27.2% |
| DHR DANAHER CORP | Technology | 690.2K | $130.0M | 0.7% | +3.6% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 451.1K | $129.0M | 0.7% | -0.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 126.6K | $126.2M | 0.7% | -0.2% |
| LOW LOWE'S COS INC | Consumer discretionary | 529.5K | $124.8M | 0.7% | +0.6% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 360.9K | $124.1M | 0.7% | -34.7% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 1.2M | $123.6M | 0.7% | -6.1% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 588.3K | $123.0M | 0.7% | -1.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 395.4K | $122.7M | 0.7% | -0.1% |
| LYV LIVE NATION ENTERTAINMENT IN | Services media | 804.8K | $121.6M | 0.7% | -9.9% |
| EOG EOG RESOURCES INC | Energy | 803.2K | $117.2M | 0.7% | -11.3% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 723.9K | $113.8M | 0.6% | -0.1% |
| MRSH MARSH & MCLENNAN COS | Financials | 634.2K | $110.2M | 0.6% | +23.6% |
| AON AON PLC-CLASS A | Financials | 337.0K | $108.9M | 0.6% | +25.1% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 646.7K | $106.9M | 0.6% | -0.6% |
| CZR CAESARS ENTERTAINMENT INC | Services media | 4.0M | $105.5M | 0.6% | -8.0% |
| ENB ENBRIDGE INC | Energy | 1.9M | $105.3M | 0.6% | -0.3% |
| C CITIGROUP INC | Financials | 905.6K | $102.7M | 0.6% | -16.7% |
| SLB SLB LTD | Energy | 2.0M | $101.7M | 0.6% | -13.8% |
| CSCO CISCO SYSTEMS INC | Technology | 1.3M | $101.3M | 0.6% | +371.7% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 778.6K | $101.0M | 0.6% | -0.4% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 15, 2026 | 1302 | $18.39B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 12, 2026 | 1253 | $18.77B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 15, 2025 | 1227 | $18.76B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 22, 2025 | 1202 | $18.36B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 28, 2025 | 1169 | $17.24B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 24, 2025 | 1149 | $17.70B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 24, 2024 | 1142 | $17.64B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 6, 2024 | 1112 | $16.56B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 1108 | $16.31B | canonical | SEC ↗ |
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