FISHMAN JAY A LTD/MI

Fundamental diversified ★Signal CIK 1006407
League rank
#332
in Fundamental diversified · #1583 overall
Long book
$1.12B
Q1 2026
Positions
76
Top-10 weight
69%
concentration
Last quarter
+15.0%
SPY +14.8%
Turnover
14%
of book per quarter

Strategy in plain words

auto-generated from filings

FISHMAN JAY A LTD/MI is a diversified fundamental manager, running a $1.12B US long book across 76 positions.

The portfolio is concentrated: the top 10 names carry 69% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, ALPHABET INC-CL A, AMAZON.COM INC, XPO INC, MICROSOFT CORP.

Over the last 9 quarters its long book ran on average 0.6pp per quarter ahead of the S&P 500, beating the index in 7 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+5.4%
Q2 2024
+6.0%
Q3 2024
+6.3%
Q4 2024
-8.3%
Q1 2025
+11.3%
Q2 2025
+11.9%
Q3 2025
+4.7%
Q4 2025
-6.7%
Q1 2026
+15.0%

Sector allocation

Technology
53%
Consumer discretionary
13%
Industrials
10%
Financials
10%
Healthcare
9%
Services media
3%
Utilities
1%
Consumer staples
0%

Long book by quarter

$905.1M
Q1 2024
$949.0M
Q2 2024
$1.01B
Q3 2024
$1.07B
Q4 2024
$915.6M
Q1 2025
$1.04B
Q2 2025
$1.17B
Q3 2025
$1.22B
Q4 2025
$1.12B
Q1 2026

What does FISHMAN JAY own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology898.7K$228.1M20.4%-2.9%
GOOGL ALPHABET INC-CL ATechnology383.2K$110.2M9.8%-1.8%
AMZN AMAZON.COM INCConsumer discretionary421.6K$87.8M7.8%-1.7%
XPO XPO INCIndustrials284.3K$55.3M4.9%-4.7%
MSFT MICROSOFT CORPTechnology148.8K$55.1M4.9%-1.0%
NVDA NVIDIA CORPTechnology312.6K$54.5M4.9%-0.8%
META META PLATFORMS INC-CLASS ATechnology89.0K$50.9M4.5%+1.6%
JPM JPMORGAN CHASE & COFinancials152.0K$44.7M4.0%-3.0%
VRT VERTIV HOLDINGS CO-ATechnology173.4K$43.4M3.9%-3.2%
BX BLACKSTONE INCFinancials355.5K$40.9M3.7%-0.9%
V VISA INC-CLASS A SHARESServices media103.0K$31.1M2.8%-1.0%
LLY ELI LILLY & COHealthcare30.9K$28.4M2.5%+9.7%
SYK STRYKER CORPHealthcare74.5K$24.5M2.2%-1.2%
QXO QXO INCConsumer discretionary1.2M$23.6M2.1%+41.8%
RDDT REDDIT INC-CL ATechnology151.1K$20.3M1.8%+23.2%
GEV GE VERNOVA INCIndustrials21.9K$19.2M1.7%+0.8%
HD HOME DEPOT INCConsumer discretionary48.6K$16.0M1.4%-5.7%
COST COSTCO WHOLESALE CORPConsumer discretionary16.0K$15.9M1.4%-4.4%
ABBV ABBVIE INCHealthcare68.3K$14.8M1.3%-1.6%
TWI TITAN INTERNATIONAL INCIndustrials2.1M$14.7M1.3%-0.9%
AXP AMERICAN EXPRESS COFinancials46.7K$14.1M1.3%-0.1%
ARQT ARCUTIS BIOTHERAPEUTICS INCHealthcare566.7K$13.4M1.2%+0.4%
GOOG ALPHABET INC-CL CTechnology44.9K$12.9M1.2%-4.8%
CEG CONSTELLATION ENERGYUtilities42.0K$11.7M1.0%-22.1%
GE GENERAL ELECTRICIndustrials39.7K$11.3M1.0%0.0%
MRK MERCK & CO. INC.Healthcare56.9K$6.8M0.6%-5.5%
SCHW SCHWAB (CHARLES) CORPFinancials62.1K$5.8M0.5%New
PFE PFIZER INCHealthcare197.3K$5.5M0.5%-22.0%
ORCL ORACLE CORPTechnology28.3K$4.2M0.4%-0.2%
SHW SHERWIN-WILLIAMS CO/THEConsumer discretionary11.7K$3.8M0.3%-10.2%
JNJ JOHNSON & JOHNSONHealthcare14.9K$3.6M0.3%-15.3%
RTX RTX CORPIndustrials14.2K$2.7M0.2%+254.4%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials5.1K$2.5M0.2%-1.8%
TJX TJX COMPANIES INCConsumer discretionary14.0K$2.2M0.2%-0.8%
NEE NEXTERA ENERGY INCUtilities23.4K$2.2M0.2%-2.8%
VFF VILLAGE FARMS INTERNATIONALConsumer staples575.4K$1.6M0.1%Held
GD GENERAL DYNAMICS CORPIndustrials4.7K$1.6M0.1%-0.3%
DE DEERE & COIndustrials2.6K$1.5M0.1%-0.6%
EHC ENCOMPASS HEALTH CORPHealthcare15.0K$1.4M0.1%+8.3%
LEN LENNAR CORP-AIndustrials16.0K$1.4M0.1%Held
DHR DANAHER CORPTechnology7.1K$1.3M0.1%-4.4%
FITB FIFTH THIRD BANCORPFinancials24.9K$1.2M0.1%New
CBOE CBOE GLOBAL MARKETS INCFinancials3.8K$1.1M0.1%-2.6%
PM PHILIP MORRIS INTERNATIONALConsumer staples6.3K$1.0M0.1%Held
BAC BANK OF AMERICA CORPFinancials21.1K$1.0M0.1%Held
APH AMPHENOL CORP-CL ATechnology7.5K$954K0.1%+2.3%
RACE FERRARI NVIndustrials2.7K$914K0.1%Held
HON HONEYWELL INTERNATIONAL INCIndustrials3.7K$835K0.1%-4.8%
MCO MOODY'S CORPServices media1.9K$818K0.1%Held
HCA HCA HEALTHCARE INCHealthcare1.6K$760K0.1%-4.7%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 29, 202676$1.12B canonicalSEC ↗
Q4 202513F-HRJan 28, 202681$1.22B canonicalSEC ↗
Q3 202513F-HRNov 5, 202581$1.17B canonicalSEC ↗
Q2 202513F-HRJul 22, 202579$1.04B canonicalSEC ↗
Q1 202513F-HRApr 22, 202581$915.6M canonicalSEC ↗
Q4 202413F-HRJan 29, 202585$1.07B canonicalSEC ↗
Q3 202413F-HROct 30, 202485$1.01B canonicalSEC ↗
Q2 202413F-HR/ARESTATEMENTAug 5, 202486$949.0M canonicalSEC ↗
Q2 202413F-HRJul 31, 202486$949.0M SEC ↗
Q1 202413F-HRApr 23, 202490$905.1M canonicalSEC ↗