Jacobi Capital Management LLC
Long book
$1.79B
Q1 2026
Positions
632
Top-10 weight
34%
concentration
Last quarter
+11.4%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsJacobi Capital Management LLC is a wealth-management firm allocating client money, running a $1.79B US long book across 632 positions.
The portfolio is moderately concentrated (top 10 ≈ 34% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, BERKSHIRE HATHAWAY INC-CL B, INVESCO QQQ TRUST SERIES 1, VANGUARD TOTAL STOCK MKT ETF, SS SPDR BB 1-3M T-BILL ETF.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 4 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
+1.7%
Q2 2024
+6.8%
Q3 2024
-0.2%
Q4 2024
-0.4%
Q1 2025
+6.1%
Q2 2025
+6.7%
Q3 2025
+2.7%
Q4 2025
-1.0%
Q1 2026
+11.4%
Sector allocation
Financials 24%
Technology 24%
Industrials 11%
Healthcare 9%
Consumer discretionary 8%
Utilities 6%
Energy 4%
Consumer staples 4%
Long book by quarter
What does Jacobi Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 190.7K | $91.4M | 5.1% | +6.4% |
| AAPL APPLE INC | Technology | 111.0K | $28.2M | 1.6% | +3.8% |
| MSFT MICROSOFT CORP | Technology | 57.7K | $21.4M | 1.2% | +10.0% |
| NVDA NVIDIA CORP | Technology | 85.2K | $14.9M | 0.8% | -2.2% |
| WMT WALMART INC | Consumer discretionary | 116.3K | $14.5M | 0.8% | -1.9% |
| GOOGL ALPHABET INC-CL A | Technology | 49.7K | $14.3M | 0.8% | +0.8% |
| JPM JPMORGAN CHASE & CO | Financials | 44.6K | $13.1M | 0.7% | +1.3% |
| LLY ELI LILLY & CO | Healthcare | 14.1K | $13.0M | 0.7% | 0.0% |
| GOOG ALPHABET INC-CL C | Technology | 42.4K | $12.2M | 0.7% | +2.2% |
| META META PLATFORMS INC-CLASS A | Technology | 20.2K | $11.5M | 0.6% | -0.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 45.0K | $9.4M | 0.5% | +9.4% |
| XOM EXXON MOBIL CORP | Energy | 54.8K | $9.3M | 0.5% | +4.9% |
| MRK MERCK & CO. INC. | Healthcare | 72.3K | $8.7M | 0.5% | +0.4% |
| BAC BANK OF AMERICA CORP | Financials | 169.9K | $8.3M | 0.5% | +1.7% |
| PEP PEPSICO INC | Consumer staples | 53.3K | $8.3M | 0.5% | +2.9% |
| CAT CATERPILLAR INC | Industrials | 11.5K | $8.2M | 0.5% | -2.6% |
| CVX CHEVRON CORP | Energy | 39.3K | $8.1M | 0.5% | +3.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 32.9K | $8.0M | 0.4% | -12.5% |
| CSCO CISCO SYSTEMS INC | Technology | 101.6K | $7.9M | 0.4% | +2.1% |
| AMAT APPLIED MATERIALS INC | Technology | 23.0K | $7.9M | 0.4% | -6.8% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 144.9K | $7.3M | 0.4% | +3.2% |
| ABBV ABBVIE INC | Healthcare | 32.7K | $7.1M | 0.4% | -0.6% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 31.3K | $6.5M | 0.4% | -1.3% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 26.4K | $6.4M | 0.4% | +1.4% |
| CMI CUMMINS INC | Industrials | 10.9K | $5.9M | 0.3% | -1.3% |
| PWR QUANTA SERVICES INC | Industrials | 10.5K | $5.8M | 0.3% | +0.7% |
| RTX RTX CORP | Industrials | 29.1K | $5.6M | 0.3% | +2.7% |
| KO COCA-COLA CO/THE | Consumer staples | 72.6K | $5.5M | 0.3% | +1.8% |
| PG PROCTER & GAMBLE CO/THE | Other | 37.3K | $5.4M | 0.3% | -5.8% |
| AFL AFLAC INC | Financials | 48.2K | $5.3M | 0.3% | -8.3% |
| LMT LOCKHEED MARTIN CORP | Industrials | 8.7K | $5.2M | 0.3% | +2.1% |
| V VISA INC-CLASS A SHARES | Services media | 16.5K | $5.0M | 0.3% | +2.0% |
| AVGO BROADCOM INC | Technology | 15.7K | $4.9M | 0.3% | +12.9% |
| WM WASTE MANAGEMENT INC | Utilities | 20.8K | $4.8M | 0.3% | -2.5% |
| COP CONOCOPHILLIPS | Energy | 34.4K | $4.5M | 0.3% | +1.7% |
| MCD MCDONALD'S CORP | Consumer discretionary | 14.5K | $4.5M | 0.3% | +0.4% |
| NEE NEXTERA ENERGY INC | Utilities | 48.2K | $4.5M | 0.2% | +1.2% |
| AMGN AMGEN INC | Healthcare | 12.7K | $4.5M | 0.2% | -2.1% |
| INTC INTEL CORP | Technology | 101.1K | $4.5M | 0.2% | 0.0% |
| VLO VALERO ENERGY CORP | Energy | 18.0K | $4.5M | 0.2% | +5.8% |
| TGT TARGET CORP | Consumer discretionary | 34.2K | $4.1M | 0.2% | -1.7% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 4.0K | $4.0M | 0.2% | +4.1% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 65.9K | $4.0M | 0.2% | -0.7% |
| PPL PPL CORP | Utilities | 103.3K | $3.9M | 0.2% | -2.8% |
| KLAC KLA CORP | Other | 2.7K | $3.9M | 0.2% | +4.4% |
| PFE PFIZER INC | Healthcare | 135.7K | $3.8M | 0.2% | +2.6% |
| CBU COMMUNITY FINANCIAL SYSTEM I | Financials | 62.9K | $3.7M | 0.2% | -9.9% |
| ORCL ORACLE CORP | Technology | 24.9K | $3.7M | 0.2% | +5.1% |
| MA MASTERCARD INC - A | Services media | 7.2K | $3.6M | 0.2% | +1.4% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 5 | $3.6M | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 632 | $1.79B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 610 | $1.73B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 592 | $1.64B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 589 | $1.51B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 27, 2025 | 562 | $1.36B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 5, 2025 | 566 | $1.34B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 557 | $1.32B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 9, 2024 | 514 | $1.15B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 479 | $1.08B | canonical | SEC ↗ |