L.K. Benson & Company, P.C.
Long book
$302.5M
Q1 2026
Positions
113
Top-10 weight
65%
concentration
Last quarter
+18.5%
SPY +14.8%
Turnover
4%
of book per quarter
Strategy in plain words
auto-generated from filingsL.K. Benson & Company, P.C. is a wealth-management firm allocating client money, specialised in financials (94% of the long book), running a $302.5M US long book across 113 positions.
The portfolio is concentrated: the top 10 names carry 65% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: T ROWE PRICE GROUP INC, VANGUARD TOTAL INTL STOCK, ALPHA ARC HIGH INF & DEF ETF, VANGUARD TOTAL STOCK MKT ETF, VANGUARD TOTAL BOND MARKET.
Over the last 6 quarters its long book ran on average 0.1pp per quarter ahead of the S&P 500, beating the index in 3 of 6 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
Q4 2024
-4.2%
Q1 2025
+6.8%
Q2 2025
+6.2%
Q3 2025
+2.5%
Q4 2025
-1.2%
Q1 2026
+18.5%
Sector allocation
Financials 94%
Technology 2%
Consumer discretionary 1%
Healthcare 1%
Energy 0%
Real estate 0%
Consumer staples 0%
Industrials 0%
Long book by quarter
What does L.K. Benson own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TROW T ROWE PRICE GROUP INC | Financials | 1.4M | $126.1M | 41.7% | +356.7% |
| WMT WALMART INC | Consumer discretionary | 13.4K | $1.7M | 0.6% | Held |
| AAPL APPLE INC | Technology | 4.9K | $1.2M | 0.4% | -0.3% |
| MTB M & T BANK CORP | Financials | 5.2K | $1.1M | 0.4% | +0.2% |
| MSFT MICROSOFT CORP | Technology | 2.0K | $748K | 0.2% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 2.6K | $635K | 0.2% | Held |
| XOM EXXON MOBIL CORP | Energy | 3.3K | $559K | 0.2% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 956 | $458K | 0.2% | Held |
| NMRK NEWMARK GROUP INC-CLASS A | Real estate | 28.3K | $424K | 0.1% | Held |
| ABBV ABBVIE INC | Healthcare | 1.9K | $411K | 0.1% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 1.3K | $390K | 0.1% | Held |
| GOOG ALPHABET INC-CL C | Technology | 1.3K | $387K | 0.1% | +0.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.6K | $385K | 0.1% | Held |
| EOSE EOS ENERGY ENTERPRISES INC | Technology | 72.0K | $357K | 0.1% | Held |
| KO COCA-COLA CO/THE | Consumer staples | 3.7K | $285K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 21, 2026 | 113 | $302.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 112 | $199.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 5, 2025 | 106 | $185.5M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 23, 2025 | 99 | $162.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 25, 2025 | 98 | $144.4M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 95 | $141.9M | canonical | SEC ↗ |