EAGLE CAPITAL MANAGEMENT LLC
Long book
$29.82B
Q1 2026
Positions
60
Top-10 weight
54%
concentration
Last quarter
+8.5%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsEAGLE CAPITAL MANAGEMENT LLC is a concentrated fundamental stock-picker, running a $29.82B US long book across 60 positions.
The portfolio is concentrated: the top 10 names carry 54% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: CONOCOPHILLIPS, AMAZON.COM INC, TAIWAN SEMICONDUCTOR-SP ADR, UNITEDHEALTH GROUP INC, MICROSOFT CORP.
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
+4.9%
Q2 2024
+3.0%
Q3 2024
+3.9%
Q4 2024
-1.1%
Q1 2025
+8.7%
Q2 2025
+4.4%
Q3 2025
+4.3%
Q4 2025
-7.1%
Q1 2026
+8.5%
Sector allocation
Technology 28%
Financials 17%
Services media 15%
Industrials 13%
Energy 10%
Consumer discretionary 9%
Communications 6%
Other 2%
Long book by quarter
What does EAGLE CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| COP CONOCOPHILLIPS | Energy | 18.9M | $2.50B | 8.4% | -4.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 11.8M | $2.45B | 8.2% | -1.8% |
| UNH UNITEDHEALTH GROUP INC | Financials | 5.9M | $1.59B | 5.3% | +2.8% |
| MSFT MICROSOFT CORP | Technology | 4.0M | $1.48B | 5.0% | +2.9% |
| MELI MERCADOLIBRE INC | Services media | 785.9K | $1.36B | 4.6% | +91.0% |
| GOOG ALPHABET INC-CL C | Technology | 4.6M | $1.32B | 4.4% | -3.5% |
| DHR DANAHER CORP | Technology | 6.6M | $1.25B | 4.2% | +6.7% |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 6.6M | $1.20B | 4.0% | -2.2% |
| WDAY WORKDAY INC-CLASS A | Technology | 8.7M | $1.13B | 3.8% | +14.9% |
| CMCSA COMCAST CORP-CLASS A | Communications | 37.6M | $1.08B | 3.6% | -5.9% |
| INTU INTUIT INC | Technology | 2.3M | $1.00B | 3.4% | +330.7% |
| AER AERCAP HOLDINGS NV | Services media | 7.3M | $1.00B | 3.4% | -28.1% |
| LEN LENNAR CORP-A | Industrials | 10.9M | $944.9M | 3.2% | -1.0% |
| AA ALCOA CORP | Industrials | 14.1M | $935.1M | 3.1% | -11.6% |
| WWD WOODWARD INC | Industrials | 2.5M | $882.0M | 3.0% | -42.9% |
| META META PLATFORMS INC-CLASS A | Technology | 1.3M | $752.7M | 2.5% | +8.7% |
| SPGI S&P GLOBAL INC | Services media | 1.4M | $606.2M | 2.0% | New |
| AJG ARTHUR J GALLAGHER & CO | Financials | 2.7M | $577.3M | 1.9% | New |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 433.4K | $572.5M | 1.9% | -48.1% |
| EL ESTEE LAUDER COMPANIES-CL A | Other | 7.9M | $569.3M | 1.9% | -9.1% |
| HUM HUMANA INC | Financials | 3.0M | $514.5M | 1.7% | -8.8% |
| NFLX NETFLIX INC | Services media | 5.4M | $514.4M | 1.7% | +8423.3% |
| ELV ELEVANCE HEALTH INC | Financials | 1.5M | $453.4M | 1.5% | +3.0% |
| LBRDK LIBERTY BROADBAND-C | Communications | 6.7M | $337.0M | 1.1% | +5.4% |
| MA MASTERCARD INC - A | Services media | 624.5K | $312.1M | 1.0% | New |
| GOOGL ALPHABET INC-CL A | Technology | 958.3K | $275.6M | 0.9% | +6.6% |
| EQT EQT CORP | Energy | 3.7M | $232.9M | 0.8% | New |
| AON AON PLC-CLASS A | Financials | 463.4K | $149.6M | 0.5% | -79.6% |
| PTC PTC INC | Technology | 731.6K | $104.2M | 0.3% | -70.4% |
| CHTR CHARTER COMMUNICATIONS INC-A | Communications | 149.5K | $32.3M | 0.1% | -10.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 50.8K | $24.4M | 0.1% | Held |
| GEV GE VERNOVA INC | Industrials | 24.4K | $21.3M | 0.1% | -12.6% |
| PHM PULTEGROUP INC | Industrials | 154.6K | $18.2M | 0.1% | +15.9% |
| LBRDA LIBERTY BROADBAND-A | Communications | 270.8K | $13.6M | 0.0% | -1.1% |
| MS MORGAN STANLEY | Financials | 79.6K | $13.1M | 0.0% | Held |
| GE GENERAL ELECTRIC | Industrials | 40.9K | $11.6M | 0.0% | Held |
| HLT HILTON WORLDWIDE HOLDINGS IN | Services media | 37.4K | $11.4M | 0.0% | -97.9% |
| VMC VULCAN MATERIALS CO | Materials | 41.7K | $11.3M | 0.0% | -94.1% |
| WRB WR BERKLEY CORP | Financials | 123.5K | $8.2M | 0.0% | Held |
| WFC WELLS FARGO & CO | Financials | 87.0K | $6.9M | 0.0% | -9.7% |
| MAR MARRIOTT INTERNATIONAL -CL A | Services media | 18.8K | $6.2M | 0.0% | Held |
| ECL ECOLAB INC | Other | 22.4K | $6.0M | 0.0% | -0.2% |
| GS GOLDMAN SACHS GROUP INC | Financials | 7.0K | $5.9M | 0.0% | Held |
| C CITIGROUP INC | Financials | 41.1K | $4.7M | 0.0% | Held |
| ORCL ORACLE CORP | Technology | 20.0K | $2.9M | 0.0% | Held |
| ECHO ECHOSTAR CORP-A | Communications | 24.9K | $2.9M | 0.0% | Held |
| TRV TRAVELERS COS INC/THE | Financials | 6.9K | $2.0M | 0.0% | Held |
| V VISA INC-CLASS A SHARES | Services media | 3.7K | $1.1M | 0.0% | -2.8% |
| GEHC GE HEALTHCARE TECHNOLOGY | Healthcare | 12.1K | $858K | 0.0% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 2.7K | $654K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 60 | $29.82B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 56 | $32.11B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 55 | $31.43B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 55 | $30.34B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 57 | $27.41B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 50 | $27.43B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 48 | $26.92B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 52 | $26.97B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 53 | $25.86B | canonical | SEC ↗ |
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