LOCUST WOOD CAPITAL ADVISERS, LLC
Long book
$3.67B
Q1 2026
Positions
27
Top-10 weight
57%
concentration
Last quarter
+9.9%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsLOCUST WOOD CAPITAL ADVISERS, LLC is a concentrated fundamental stock-picker, running a $3.67B US long book across 27 positions.
The portfolio is concentrated: the top 10 names carry 57% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: AMAZON.COM INC, TAIWAN SEMICONDUCTOR-SP ADR, GPGI INC, LINDE PLC, NVIDIA CORP.
Over the last 9 quarters its long book ran on average 1.1pp 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
+2.5%
Q2 2024
+5.8%
Q3 2024
+0.5%
Q4 2024
-5.2%
Q1 2025
+8.0%
Q2 2025
+7.1%
Q3 2025
+4.6%
Q4 2025
-2.7%
Q1 2026
+9.9%
Sector allocation
Technology 29%
Consumer discretionary 15%
Financials 11%
Healthcare 11%
Services media 9%
Utilities 7%
Materials 7%
Industrials 5%
Long book by quarter
What does LOCUST WOOD own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMZN AMAZON.COM INC | Consumer discretionary | 1.6M | $336.0M | 9.1% | +38.9% |
| GPGI GPGI INC | Financials | 13.8M | $235.7M | 6.4% | +55.5% |
| LIN LINDE PLC | Materials | 469.1K | $232.6M | 6.3% | -28.9% |
| NVDA NVIDIA CORP | Technology | 1.2M | $205.3M | 5.6% | +27.9% |
| MSFT MICROSOFT CORP | Technology | 525.4K | $194.5M | 5.3% | -6.3% |
| META META PLATFORMS INC-CLASS A | Technology | 303.4K | $173.6M | 4.7% | +211.5% |
| V VISA INC-CLASS A SHARES | Services media | 539.6K | $163.1M | 4.4% | +46.9% |
| SPGI S&P GLOBAL INC | Services media | 376.2K | $160.0M | 4.4% | +20.6% |
| GEHC GE HEALTHCARE TECHNOLOGY | Healthcare | 2.1M | $151.4M | 4.1% | 0.0% |
| ESI ELEMENT SOLUTIONS INC | Other | 4.4M | $150.8M | 4.1% | -8.7% |
| GOOGL ALPHABET INC-CL A | Technology | 521.7K | $150.0M | 4.1% | -10.2% |
| PCG P G & E CORP | Utilities | 8.2M | $144.6M | 3.9% | -3.3% |
| VRT VERTIV HOLDINGS CO-A | Technology | 540.3K | $135.4M | 3.7% | -36.1% |
| AAPL APPLE INC | Technology | 480.8K | $122.0M | 3.3% | -10.8% |
| CSX CSX CORP | Industrials | 2.9M | $118.5M | 3.2% | -18.2% |
| ABT ABBOTT LABORATORIES | Healthcare | 1.1M | $111.4M | 3.0% | +13.4% |
| REZI RESIDEO TECHNOLOGIES INC | Consumer discretionary | 3.2M | $106.6M | 2.9% | +19.4% |
| WM WASTE MANAGEMENT INC | Utilities | 411.8K | $94.6M | 2.6% | -8.1% |
| STE STERIS PLC | Healthcare | 397.1K | $87.8M | 2.4% | -11.0% |
| RHLD RESOLUTE HOLDINGS MANAG | Financials | 536.9K | $87.1M | 2.4% | -1.3% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 250.6K | $80.3M | 2.2% | -7.0% |
| SU SUNCOR ENERGY INC | Energy | 888.8K | $58.8M | 1.6% | -50.2% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 651.3K | $51.2M | 1.4% | -26.7% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 65.8K | $31.5M | 0.9% | -4.1% |
| LLY ELI LILLY & CO | Healthcare | 20.4K | $18.8M | 0.5% | New |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 23 | $16.5M | 0.4% | -4.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR/ARESTATEMENT | May 15, 2026 | 31 | $3.95B | SEC ↗ | |
| Q1 2026 | 13F-HR/ARESTATEMENT | May 15, 2026 | 31 | $3.95B | canonical | SEC ↗ |
| Q1 2026 | 13F-HR | May 11, 2026 | 31 | $3.92B | SEC ↗ | |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 38 | $4.14B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 30, 2025 | 54 | $4.01B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 56 | $3.75B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 49 | $3.16B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 46 | $2.90B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 48 | $2.99B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 44 | $2.79B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 8, 2024 | 44 | $2.79B | canonical | SEC ↗ |
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