LOUNTZIS ASSET MANAGEMENT, LLC
Long book
$272.6M
Q1 2026
Positions
52
Top-10 weight
77%
concentration
Last quarter
+18.7%
SPY +14.8%
Turnover
4%
of book per quarter
Strategy in plain words
auto-generated from filingsLOUNTZIS ASSET MANAGEMENT, LLC is a concentrated fundamental stock-picker, running a $272.6M US long book across 52 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: BERKSHIRE HATHAWAY INC-CL B, APPLIED MATERIALS INC, WELLS FARGO & CO, PROGRESSIVE CORP, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 0.4pp per quarter ahead of the S&P 500, beating the index in 5 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
+1.0%
Q2 2024
+9.3%
Q3 2024
+0.1%
Q4 2024
+2.5%
Q1 2025
+7.0%
Q2 2025
+8.4%
Q3 2025
+0.2%
Q4 2025
-3.5%
Q1 2026
+18.7%
Sector allocation
Financials 54%
Technology 35%
Healthcare 4%
Consumer staples 2%
Consumer discretionary 2%
Materials 2%
Other 1%
Energy 0%
Long book by quarter
What does LOUNTZIS ASSET own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 134.3K | $64.4M | 23.6% | -0.2% |
| AMAT APPLIED MATERIALS INC | Technology | 119.0K | $40.7M | 14.9% | -0.4% |
| WFC WELLS FARGO & CO | Financials | 245.0K | $19.5M | 7.2% | -0.3% |
| PGR PROGRESSIVE CORP | Financials | 71.5K | $14.2M | 5.2% | -0.1% |
| GOOGL ALPHABET INC-CL A | Technology | 48.1K | $13.8M | 5.1% | -0.1% |
| ORCL ORACLE CORP | Technology | 92.8K | $13.6M | 5.0% | +3.7% |
| USB US BANCORP | Financials | 248.2K | $13.0M | 4.8% | -0.3% |
| CDNS CADENCE DESIGN SYS INC | Technology | 44.2K | $12.3M | 4.5% | 0.0% |
| KNSL KINSALE CAPITAL GROUP INC | Financials | 28.9K | $9.9M | 3.6% | New |
| KKR KKR & CO INC | Financials | 105.2K | $9.7M | 3.6% | Held |
| BRO BROWN & BROWN INC | Financials | 107.6K | $7.0M | 2.6% | -0.1% |
| PCOR PROCORE TECHNOLOGIES INC | Technology | 105.1K | $6.0M | 2.2% | +6.3% |
| PEP PEPSICO INC | Consumer staples | 38.1K | $5.9M | 2.2% | +0.1% |
| NET CLOUDFLARE INC - CLASS A | Technology | 26.9K | $5.6M | 2.0% | Held |
| ZTS ZOETIS INC | Healthcare | 42.5K | $5.0M | 1.8% | -0.1% |
| MLM MARTIN MARIETTA MATERIALS | Materials | 8.3K | $4.9M | 1.8% | -0.4% |
| LOW LOWE'S COS INC | Consumer discretionary | 17.1K | $4.0M | 1.5% | Held |
| UNH UNITEDHEALTH GROUP INC | Financials | 10.7K | $2.9M | 1.1% | -0.1% |
| LH LABCORP HOLDINGS INC | Healthcare | 9.0K | $2.4M | 0.9% | -0.7% |
| GOOG ALPHABET INC-CL C | Technology | 5.2K | $1.5M | 0.5% | Held |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 8.7K | $1.0M | 0.4% | Held |
| WSFS WSFS FINANCIAL CORP | Financials | 14.6K | $957K | 0.4% | Held |
| XOM EXXON MOBIL CORP | Energy | 5.6K | $944K | 0.3% | Held |
| MHK MOHAWK INDUSTRIES INC | Other | 8.1K | $801K | 0.3% | -1.3% |
| ABBV ABBVIE INC | Healthcare | 3.5K | $764K | 0.3% | Held |
| ABT ABBOTT LABORATORIES | Healthcare | 7.4K | $763K | 0.3% | +1.4% |
| YUM YUM! BRANDS INC | Consumer discretionary | 4.7K | $724K | 0.3% | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1 | $718K | 0.3% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 2.7K | $665K | 0.2% | +5.0% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 4.0K | $632K | 0.2% | Held |
| AON AON PLC-CLASS A | Financials | 1.9K | $613K | 0.2% | Held |
| ERF EUROFINS SCIENTIFIC | — | 7.4K | $538K | 0.2% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 908 | $519K | 0.2% | Held |
| CNSWF CONSTELLATION SOFTWARE INC | — | 285 | $501K | 0.2% | Held |
| MSFT MICROSOFT CORP | Technology | 1.3K | $488K | 0.2% | +6.0% |
| FWONK LIBERTY MEDIA CORP-FORMULA-C | Communications | 5.5K | $466K | 0.2% | Held |
| SCHW SCHWAB (CHARLES) CORP | Financials | 4.8K | $455K | 0.2% | Held |
| AAPL APPLE INC | Technology | 1.7K | $434K | 0.2% | Held |
| FRFHF FAIRFAX FINANCIAL HLDGS LTD | Financials | 244 | $416K | 0.2% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 1.5K | $364K | 0.1% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 1.1K | $328K | 0.1% | Held |
| J JACOBS SOLUTIONS INC | Industrials | 2.4K | $312K | 0.1% | Held |
| LLY ELI LILLY & CO | Healthcare | 312 | $287K | 0.1% | +6.8% |
| GEF GREIF INC-CL A | Industrials | 4.0K | $268K | 0.1% | Held |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 1.5K | $254K | 0.1% | Held |
| MA MASTERCARD INC - A | Services media | 500 | $250K | 0.1% | Held |
| V VISA INC-CLASS A SHARES | Services media | 820 | $248K | 0.1% | Held |
| RR/ ROLLS-ROYCE HOLDINGS PLC | — | 16.4K | $246K | 0.1% | Held |
| FWONA LIBERTY MEDIA CORP-FORMULA-A | Communications | 2.9K | $224K | 0.1% | Held |
| TJX TJX COMPANIES INC | Consumer discretionary | 1.4K | $221K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 52 | $272.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 52 | $281.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 30, 2025 | 53 | $306.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 31, 2025 | 53 | $284.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 30, 2025 | 52 | $264.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 47 | $236.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 4, 2024 | 49 | $240.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 1, 2024 | 46 | $214.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 2, 2024 | 46 | $211.1M | canonical | SEC ↗ |
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