J. Stern & Co. LLP
Long book
$1.03B
Q1 2026
Positions
49
Top-10 weight
67%
concentration
Last quarter
+6.1%
SPY +14.8%
Turnover
20%
of book per quarter
Strategy in plain words
auto-generated from filingsJ. Stern & Co. LLP is a concentrated fundamental stock-picker, running a $1.03B US long book across 49 positions.
The portfolio is concentrated: the top 10 names carry 67% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: NVIDIA CORP, ALPHABET INC-CL C, AMAZON.COM INC, AMPHENOL CORP-CL A, HONEYWELL INTERNATIONAL INC.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 3 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
+6.1%
Q2 2024
+3.4%
Q3 2024
+2.9%
Q4 2024
-4.7%
Q1 2025
+15.5%
Q2 2025
+5.4%
Q3 2025
+2.2%
Q4 2025
-7.4%
Q1 2026
+6.1%
Sector allocation
Technology 37%
Industrials 26%
Services media 10%
Consumer discretionary 8%
Other 7%
Healthcare 6%
Financials 6%
Materials 0%
Long book by quarter
What does J. Stern own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 619.4K | $108.0M | 10.5% | -99.5% |
| GOOG ALPHABET INC-CL C | Technology | 317.6K | $91.1M | 8.8% | -99.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 348.4K | $72.6M | 7.0% | -99.6% |
| APH AMPHENOL CORP-CL A | Technology | 499.4K | $63.1M | 6.1% | -99.3% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 275.2K | $62.2M | 6.0% | -99.5% |
| ETN EATON CORP PLC | Industrials | 171.5K | $61.4M | 5.9% | -99.7% |
| META META PLATFORMS INC-CLASS A | Technology | 107.2K | $61.4M | 5.9% | -99.8% |
| MA MASTERCARD INC - A | Services media | 118.6K | $59.3M | 5.7% | -99.8% |
| RTX RTX CORP | Industrials | 302.1K | $58.3M | 5.6% | -99.5% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 340.0K | $53.5M | 5.2% | -99.4% |
| NKE NIKE INC -CL B | Other | 771.2K | $40.7M | 3.9% | -98.4% |
| XYL XYLEM INC | Industrials | 287.1K | $34.3M | 3.3% | -99.4% |
| CRM SALESFORCE INC | Technology | 183.4K | $34.2M | 3.3% | -99.6% |
| DIS WALT DISNEY CO/THE | Services media | 339.6K | $32.7M | 3.2% | -99.1% |
| ABT ABBOTT LABORATORIES | Healthcare | 316.0K | $32.4M | 3.1% | -99.2% |
| OTIS OTIS WORLDWIDE CORP | Industrials | 394.9K | $30.4M | 3.0% | -99.0% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 54.8K | $27.0M | 2.6% | -99.8% |
| ZTS ZOETIS INC | Healthcare | 192.2K | $22.7M | 2.2% | -99.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 9.8K | $4.7M | 0.5% | -99.8% |
| LRCX LAM RESEARCH CORP | Industrials | 19.7K | $4.2M | 0.4% | -99.4% |
| LLY ELI LILLY & CO | Healthcare | 4.5K | $4.2M | 0.4% | -99.9% |
| CDNS CADENCE DESIGN SYS INC | Technology | 12.5K | $3.5M | 0.3% | -99.6% |
| V VISA INC-CLASS A SHARES | Services media | 10.3K | $3.1M | 0.3% | -99.7% |
| MCD MCDONALD'S CORP | Consumer discretionary | 9.3K | $2.9M | 0.3% | -99.6% |
| EL ESTEE LAUDER COMPANIES-CL A | Other | 39.5K | $2.8M | 0.3% | -99.0% |
| BKNG BOOKING HOLDINGS INC | Industrials | 669 | $2.8M | 0.3% | -100.0% |
| XYZ BLOCK INC | Technology | 43.8K | $2.6M | 0.3% | -98.1% |
| IDXX IDEXX LABORATORIES INC | Materials | 4.7K | $2.6M | 0.3% | -99.8% |
| HD HOME DEPOT INC | Consumer discretionary | 7.3K | $2.4M | 0.2% | -99.7% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 9.5K | $2.0M | 0.2% | -99.5% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 4.2K | $1.9M | 0.2% | -99.8% |
| DXCM DEXCOM INC | Healthcare | 26.7K | $1.7M | 0.2% | -98.3% |
| LOW LOWE'S COS INC | Consumer discretionary | 7.0K | $1.7M | 0.2% | -99.5% |
| LIN LINDE PLC | Materials | 3.1K | $1.5M | 0.1% | -99.8% |
| GOOGL ALPHABET INC-CL A | Technology | 3.1K | $892K | 0.1% | -99.1% |
| AMAT APPLIED MATERIALS INC | Technology | 2.3K | $786K | 0.1% | -99.7% |
| BF/B BROWN-FORMAN CORP-CLASS B | Consumer staples | 25.5K | $674K | 0.1% | -96.4% |
| NOC NORTHROP GRUMMAN CORP | Technology | 740 | $505K | 0.0% | -99.8% |
| LMT LOCKHEED MARTIN CORP | Industrials | 705 | $426K | 0.0% | -99.8% |
| SLB SLB LTD | Energy | 7.4K | $380K | 0.0% | New |
| ADBE ADOBE INC | Technology | 1.5K | $368K | 0.0% | -99.8% |
| DKNG DRAFTKINGS INC-CL A | Services media | 5.3K | $115K | 0.0% | New |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 62 | $82K | 0.0% | New |
| MSFT MICROSOFT CORP | Technology | 200 | $74K | 0.0% | New |
| UNP UNION PACIFIC CORP | Industrials | 140 | $34K | 0.0% | New |
| FIS FIDELITY NATIONAL INFO SERV | Services media | 172 | $8K | 0.0% | New |
| SOLS SOLSTICE ADV MATERIALS INC | Materials | 78 | $6K | 0.0% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 49 | $1.03B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR/ARESTATEMENT | Feb 24, 2026 | 43 | $1.17B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 43 | $1.17B | SEC ↗ | |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 42 | $1.32B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 37 | $1.17B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 36 | $1.04B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 39 | $1.06B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 43 | $938.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 34 | $839.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 37 | $790.8M | canonical | SEC ↗ |
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