KLINGENSTEIN FIELDS & CO LP

Fundamental diversified ★Signal CIK 859872
League rank
#328
in Fundamental diversified · #1533 overall
Long book
$2.54B
Q1 2026
Positions
186
Top-10 weight
37%
concentration
Last quarter
+15.1%
SPY +14.8%
Turnover
17%
of book per quarter

Strategy in plain words

auto-generated from filings

KLINGENSTEIN FIELDS & CO LP is a diversified fundamental manager, running a $2.54B US long book across 186 positions.

The portfolio is moderately concentrated (top 10 ≈ 37% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: BROADCOM INC, ALPHABET INC-CL A, ELI LILLY & CO, APPLE INC, BERKSHIRE HATHAWAY INC-CL B.

Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 3 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
+2.7%
Q2 2024
+5.3%
Q3 2024
+1.8%
Q4 2024
-4.3%
Q1 2025
+10.9%
Q2 2025
+5.8%
Q3 2025
+3.8%
Q4 2025
-5.1%
Q1 2026
+15.1%

Sector allocation

Technology
36%
Healthcare
13%
Financials
13%
Industrials
11%
Consumer discretionary
9%
Services media
7%
Consumer staples
4%
Other
3%

Long book by quarter

$2.41B
Q1 2024
$2.41B
Q2 2024
$2.52B
Q3 2024
$2.48B
Q4 2024
$2.35B
Q1 2025
$2.53B
Q2 2025
$2.65B
Q3 2025
$2.67B
Q4 2025
$2.54B
Q1 2026

What does KLINGENSTEIN FIELDS own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AVGO BROADCOM INCTechnology513.5K$158.9M6.3%-0.6%
GOOGL ALPHABET INC-CL ATechnology422.9K$121.6M4.8%-2.7%
LLY ELI LILLY & COHealthcare102.8K$94.6M3.7%-0.9%
AAPL APPLE INCTechnology359.6K$91.3M3.6%-1.0%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials188.5K$90.3M3.6%-1.3%
MSFT MICROSOFT CORPTechnology234.7K$86.9M3.4%-0.9%
AMZN AMAZON.COM INCConsumer discretionary363.2K$75.6M3.0%-0.4%
NVDA NVIDIA CORPTechnology412.3K$71.9M2.8%-1.6%
PANW PALO ALTO NETWORKS INCTechnology430.7K$69.1M2.7%-1.6%
GS GOLDMAN SACHS GROUP INCFinancials77.8K$65.9M2.6%-1.6%
PEP PEPSICO INCConsumer staples423.3K$65.7M2.6%-0.8%
UNP UNION PACIFIC CORPIndustrials261.4K$63.4M2.5%-1.2%
RTX RTX CORPIndustrials311.3K$60.1M2.4%-2.2%
DIS WALT DISNEY CO/THEServices media601.4K$58.0M2.3%-0.5%
JPM JPMORGAN CHASE & COFinancials193.0K$56.8M2.2%-0.9%
JNJ JOHNSON & JOHNSONHealthcare221.5K$54.2M2.1%-1.8%
GOOG ALPHABET INC-CL CTechnology185.3K$53.2M2.1%-1.8%
COST COSTCO WHOLESALE CORPConsumer discretionary50.0K$49.8M2.0%-0.9%
STUB STUBHUB HOLDINGS INC-CLASS AServices media6.2M$38.5M1.5%New
HON HONEYWELL INTERNATIONAL INCIndustrials163.9K$37.0M1.5%-0.9%
ISRG INTUITIVE SURGICAL INCHealthcare79.1K$36.5M1.4%-1.1%
TMO THERMO FISHER SCIENTIFIC INCOther72.0K$35.4M1.4%-1.1%
NFLX NETFLIX INCServices media353.3K$34.0M1.3%-1.3%
CB CHUBB LTDFinancials102.2K$33.3M1.3%-1.5%
NXPI NXP SEMICONDUCTORS NVTechnology164.0K$32.3M1.3%-1.1%
ETN EATON CORP PLCIndustrials87.9K$31.4M1.2%-2.3%
VMC VULCAN MATERIALS COMaterials102.7K$28.0M1.1%-1.6%
MRK MERCK & CO. INC.Healthcare224.9K$27.0M1.1%-2.2%
CL COLGATE-PALMOLIVE COOther293.9K$25.1M1.0%-0.3%
SYK STRYKER CORPHealthcare73.2K$24.1M0.9%-1.3%
META META PLATFORMS INC-CLASS ATechnology41.7K$23.9M0.9%+67.9%
HD HOME DEPOT INCConsumer discretionary68.8K$22.6M0.9%0.0%
NOC NORTHROP GRUMMAN CORPTechnology31.0K$21.2M0.8%New
SBUX STARBUCKS CORPConsumer discretionary202.7K$18.2M0.7%-1.1%
MMM 3M COHealthcare120.7K$17.5M0.7%Held
XOM EXXON MOBIL CORPEnergy97.7K$16.6M0.7%-1.2%
MDLZ MONDELEZ INTERNATIONAL INC-AConsumer staples267.2K$15.4M0.6%-1.3%
PYPL PAYPAL HOLDINGS INCServices media310.5K$14.0M0.6%-3.0%
GE GENERAL ELECTRICIndustrials46.5K$13.2M0.5%-0.9%
NEE NEXTERA ENERGY INCUtilities141.1K$13.1M0.5%-1.0%
SO SOUTHERN CO/THEUtilities132.5K$12.8M0.5%-1.0%
YUM YUM! BRANDS INCConsumer discretionary82.2K$12.8M0.5%-1.4%
CVX CHEVRON CORPEnergy61.7K$12.8M0.5%-0.7%
NOW SERVICENOW INCTechnology121.9K$12.7M0.5%-1.0%
ZS ZSCALER INCTechnology89.5K$12.6M0.5%-0.7%
REGN REGENERON PHARMACEUTICALSHealthcare15.6K$12.0M0.5%-2.3%
ABT ABBOTT LABORATORIESHealthcare110.3K$11.3M0.4%-1.0%
BSX BOSTON SCIENTIFIC CORPHealthcare175.7K$11.0M0.4%New
DHR DANAHER CORPTechnology55.5K$10.5M0.4%-0.8%
AXP AMERICAN EXPRESS COFinancials33.8K$10.2M0.4%-9.5%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 13, 2026255$2.54B canonicalSEC ↗
Q4 202513F-HRFeb 13, 2026256$2.67B canonicalSEC ↗
Q3 202513F-HRNov 14, 2025265$2.65B canonicalSEC ↗
Q2 202513F-HRJul 30, 2025276$2.53B canonicalSEC ↗
Q1 202513F-HRApr 28, 2025267$2.35B canonicalSEC ↗
Q4 202413F-HRJan 30, 2025267$2.48B canonicalSEC ↗
Q3 202413F-HROct 29, 2024272$2.52B canonicalSEC ↗
Q2 202413F-HRAug 1, 2024272$2.41B canonicalSEC ↗
Q1 202413F-HRApr 29, 2024276$2.41B canonicalSEC ↗