Granite FO LLC
Long book
$169.0M
Q1 2026
Positions
170
Top-10 weight
79%
concentration
Last quarter
+18.5%
SPY +14.8%
Turnover
3%
of book per quarter
Strategy in plain words
auto-generated from filingsGranite FO LLC is a wealth-management firm allocating client money, specialised in financials (66% of the long book), running a $169.0M US long book across 170 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, VANGUARD DIVIDEND APPREC ETF, BERKSHIRE HATHAWAY INC-CL A, VANGUARD HIGH DVD YIELD ETF, STATE STREET SPDR S&P MIDCAP.
Over the last 9 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 5 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
+0.5%
Q2 2024
+7.7%
Q3 2024
+0.6%
Q4 2024
+1.5%
Q1 2025
+3.8%
Q2 2025
+6.1%
Q3 2025
+4.8%
Q4 2025
-2.0%
Q1 2026
+18.5%
Sector allocation
Financials 58%
Technology 20%
Other 12%
Consumer discretionary 4%
Healthcare 3%
Industrials 2%
Consumer staples 1%
Utilities 0%
Long book by quarter
What does Granite FO own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 33 | $23.7M | 14.0% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 20.3K | $9.7M | 5.8% | Held |
| MU MICRON TECHNOLOGY INC | Technology | 21.8K | $7.4M | 4.4% | -50.0% |
| GBDC GOLUB CAPITAL BDC INC | — | 376.3K | $4.8M | 2.8% | -6.0% |
| OWL BLUE OWL CAPITAL INC | Financials | 289.6K | $2.6M | 1.6% | +1.1% |
| AAPL APPLE INC | Technology | 8.9K | $2.3M | 1.3% | Held |
| ARCC ARES CAPITAL CORP | — | 118.3K | $2.1M | 1.3% | -20.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 8.8K | $1.8M | 1.1% | -23.6% |
| GOOG ALPHABET INC-CL C | Technology | 5.7K | $1.6M | 1.0% | Held |
| MSFT MICROSOFT CORP | Technology | 3.2K | $1.2M | 0.7% | Held |
| LLY ELI LILLY & CO | Healthcare | 1.0K | $920K | 0.5% | Held |
| ARES ARES MANAGEMENT CORP - A | Financials | 7.7K | $841K | 0.5% | Held |
| OBDC BLUE OWL CAPITAL CORP | — | 67.3K | $744K | 0.4% | Held |
| PFE PFIZER INC | Healthcare | 21.3K | $598K | 0.4% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 1.9K | $545K | 0.3% | Held |
| WMT WALMART INC | Consumer discretionary | 4.3K | $531K | 0.3% | Held |
| CAT CATERPILLAR INC | Industrials | 685 | $485K | 0.3% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 1.6K | $473K | 0.3% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.4K | $331K | 0.2% | Held |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 1.7K | $281K | 0.2% | Held |
| INTC INTEL CORP | Technology | 5.3K | $232K | 0.1% | Held |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 1.9K | $216K | 0.1% | +103.7% |
| MRSH MARSH & MCLENNAN COS | Financials | 1.2K | $208K | 0.1% | Held |
| UBSI UNITED BANKSHARES INC | Financials | 4.6K | $191K | 0.1% | Held |
| KKR KKR & CO INC | Financials | 2.0K | $185K | 0.1% | Held |
| WM WASTE MANAGEMENT INC | Utilities | 770 | $177K | 0.1% | Held |
| BA BOEING CO/THE | Industrials | 874 | $174K | 0.1% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 1.2K | $168K | 0.1% | Held |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 1.3K | $128K | 0.1% | Held |
| JOE ST JOE CO/THE | Real estate | 2.0K | $126K | 0.1% | Held |
| GE GENERAL ELECTRIC | Industrials | 421 | $119K | 0.1% | Held |
| KTOS KRATOS DEFENSE & SECURITY | Industrials | 1.5K | $106K | 0.1% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 428 | $104K | 0.1% | Held |
| RPM RPM INTERNATIONAL INC | Other | 1.0K | $102K | 0.1% | Held |
| GEV GE VERNOVA INC | Industrials | 104 | $91K | 0.1% | Held |
| MO ALTRIA GROUP INC | Consumer staples | 1.3K | $86K | 0.1% | Held |
| CB CHUBB LTD | Financials | 260 | $85K | 0.1% | Held |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 1.0K | $78K | 0.0% | Held |
| UBER UBER TECHNOLOGIES INC | Services media | 1.1K | $76K | 0.0% | Held |
| ALTI ALTI GLOBAL INC | Financials | 19.4K | $70K | 0.0% | Held |
| QCOM QUALCOMM INC | Technology | 533 | $69K | 0.0% | Held |
| NVDA NVIDIA CORP | Technology | 350 | $61K | 0.0% | Held |
| TKO TKO GROUP HOLDINGS INC | Services media | 293 | $59K | 0.0% | Held |
| C CITIGROUP INC | Financials | 434 | $49K | 0.0% | Held |
| XOM EXXON MOBIL CORP | Energy | 278 | $47K | 0.0% | Held |
| MRK MERCK & CO. INC. | Healthcare | 347 | $42K | 0.0% | Held |
| BAC BANK OF AMERICA CORP | Financials | 772 | $38K | 0.0% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 104 | $31K | 0.0% | Held |
| AIG AMERICAN INTERNATIONAL GROUP | Financials | 385 | $29K | 0.0% | Held |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 400 | $25K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR/ARESTATEMENT | May 12, 2026 | 593 | $169.0M | canonical | SEC ↗ |
| Q1 2026 | 13F-HR | Apr 10, 2026 | 593 | $169.0M | SEC ↗ | |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 612 | $187.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 22, 2025 | 632 | $184.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 630 | $176.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 640 | $176.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 640 | $175.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 18, 2024 | 637 | $176.7M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 16, 2024 | 49 | $156.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Sep 5, 2024 | 677 | $170.2M | canonical | SEC ↗ |