HAZLETT, BURT & WATSON, INC.

Other Low signal CIK 46392
League rank
#489
in Other · #1769 overall
Long book
$319.7M
Q1 2026
Positions
912
Top-10 weight
25%
concentration
Last quarter
+14.6%
SPY +14.8%
Turnover
9%
of book per quarter

Strategy in plain words

auto-generated from filings

HAZLETT, BURT & WATSON, INC. is an institutional manager, running a $319.7M US long book across 912 positions.

The portfolio is moderately concentrated (top 10 ≈ 25% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, INVESCO QQQ TRUST SERIES 1, NVIDIA CORP, AMAZON.COM INC, MICROSOFT CORP.

Over the last 9 quarters its long book ran on average 0.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+2.3%
Q2 2024
+6.5%
Q3 2024
-0.1%
Q4 2024
-2.4%
Q1 2025
+7.6%
Q2 2025
+7.9%
Q3 2025
+2.4%
Q4 2025
-1.1%
Q1 2026
+14.6%

Sector allocation

Technology
36%
Industrials
15%
Financials
12%
Consumer discretionary
9%
Healthcare
7%
Energy
6%
Services media
5%
Consumer staples
4%

Long book by quarter

$166.8M
Q1 2024
$194.2M
Q2 2024
$217.4M
Q3 2024
$225.9M
Q4 2024
$222.5M
Q1 2025
$244.2M
Q2 2025
$283.0M
Q3 2025
$313.0M
Q4 2025
$319.7M
Q1 2026

What does HAZLETT, BURT own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology64.3K$16.3M5.1%-0.3%
NVDA NVIDIA CORPTechnology57.8K$10.1M3.2%+0.1%
AMZN AMAZON.COM INCConsumer discretionary41.1K$8.6M2.7%+2.5%
MSFT MICROSOFT CORPTechnology20.6K$7.6M2.4%+5.9%
XOM EXXON MOBIL CORPEnergy38.2K$6.5M2.0%-1.0%
JNJ JOHNSON & JOHNSONHealthcare18.3K$4.5M1.4%-3.0%
GOOG ALPHABET INC-CL CTechnology15.4K$4.4M1.4%-0.6%
LMT LOCKHEED MARTIN CORPIndustrials6.5K$3.9M1.2%+0.2%
AVGO BROADCOM INCTechnology11.9K$3.7M1.1%+1.3%
PNC PNC FINANCIAL SERVICES GROUPFinancials17.5K$3.6M1.1%+0.4%
MA MASTERCARD INC - AServices media6.8K$3.4M1.1%-2.0%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials6.9K$3.3M1.0%+0.1%
JPM JPMORGAN CHASE & COFinancials10.6K$3.1M1.0%+1.0%
GOOGL ALPHABET INC-CL ATechnology10.8K$3.1M1.0%-1.8%
CAT CATERPILLAR INCIndustrials3.8K$2.7M0.8%+2.1%
COST COSTCO WHOLESALE CORPConsumer discretionary2.4K$2.4M0.7%+3.4%
RTX RTX CORPIndustrials12.2K$2.3M0.7%+0.2%
ABBV ABBVIE INCHealthcare10.7K$2.3M0.7%+0.1%
HSY HERSHEY CO/THEConsumer staples11.1K$2.3M0.7%-2.6%
LLY ELI LILLY & COHealthcare2.4K$2.2M0.7%+2.2%
MU MICRON TECHNOLOGY INCTechnology6.6K$2.2M0.7%+0.2%
PG PROCTER & GAMBLE CO/THEOther15.3K$2.2M0.7%-4.6%
ASML ASML HOLDING NV-NY REG SHSIndustrials1.7K$2.2M0.7%+0.3%
UNP UNION PACIFIC CORPIndustrials8.2K$2.0M0.6%-1.2%
ORCL ORACLE CORPTechnology12.9K$1.9M0.6%-0.9%
HD HOME DEPOT INCConsumer discretionary5.7K$1.9M0.6%+1.0%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology12.9K$1.9M0.6%+0.8%
META META PLATFORMS INC-CLASS ATechnology3.3K$1.9M0.6%+6.9%
V VISA INC-CLASS A SHARESServices media6.2K$1.9M0.6%+2.1%
GD GENERAL DYNAMICS CORPIndustrials4.6K$1.6M0.5%+0.1%
GS GOLDMAN SACHS GROUP INCFinancials1.8K$1.5M0.5%+1.0%
CVX CHEVRON CORPEnergy7.1K$1.5M0.5%-1.1%
EMR EMERSON ELECTRIC COIndustrials11.0K$1.4M0.5%+0.9%
KO COCA-COLA CO/THEConsumer staples17.7K$1.3M0.4%-0.6%
ALL ALLSTATE CORPFinancials6.5K$1.3M0.4%Held
VRT VERTIV HOLDINGS CO-ATechnology5.1K$1.3M0.4%+0.2%
NFLX NETFLIX INCServices media13.3K$1.3M0.4%-4.4%
DHR DANAHER CORPTechnology6.6K$1.2M0.4%-0.4%
AMAT APPLIED MATERIALS INCTechnology3.6K$1.2M0.4%+0.4%
AMGN AMGEN INCHealthcare3.5K$1.2M0.4%+0.1%
WMT WALMART INCConsumer discretionary9.7K$1.2M0.4%+4.3%
ANET ARISTA NETWORKS INCTechnology9.6K$1.2M0.4%+1.2%
COF CAPITAL ONE FINANCIAL CORPFinancials6.3K$1.2M0.4%+4.0%
MRVL MARVELL TECHNOLOGY INCTechnology11.3K$1.1M0.4%+7.5%
GE GENERAL ELECTRICIndustrials4.0K$1.1M0.4%+4.1%
PEP PEPSICO INCConsumer staples7.1K$1.1M0.3%+0.7%
UBSI UNITED BANKSHARES INCFinancials25.8K$1.1M0.3%Held
TMO THERMO FISHER SCIENTIFIC INCOther2.1K$1.0M0.3%+4.5%
DOV DOVER CORPIndustrials4.4K$910K0.3%-0.6%
STXN SEAGATE TECHNOLOGY HOLDINGS2.3K$905K0.3%+5.0%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202614170$319.8M $K fixed canonicalSEC ↗
Q4 202513F-HRFeb 10, 202612797$313.1M $K fixed canonicalSEC ↗
Q3 202513F-HRNov 4, 202511032$283.1M $K fixed canonicalSEC ↗
Q2 202513F-HRJul 25, 20259591$244.2M $K fixed canonicalSEC ↗
Q1 202513F-HRMay 5, 20259229$222.5M $K fixed canonicalSEC ↗
Q4 202413F-HRFeb 12, 20258840$225.9M $K fixed canonicalSEC ↗
Q3 202413F-HROct 30, 20248186$217.4M $K fixed canonicalSEC ↗
Q2 202413F-HRAug 7, 20247337$194.2M $K fixed canonicalSEC ↗
Q1 202413F-HRApr 29, 20246701$166.8M $K fixed canonicalSEC ↗