M. Kraus & Co

Fundamental diversified ★Signal CIK 1593688
League rank
#671
in Fundamental diversified · #5242 overall
Long book
$342.9M
Q1 2026
Positions
81
Top-10 weight
50%
concentration
Last quarter
+9.9%
SPY +14.8%
Turnover
9%
of book per quarter

Strategy in plain words

auto-generated from filings

M. Kraus & Co is a diversified fundamental manager, running a $342.9M US long book across 81 positions.

The portfolio is moderately concentrated (top 10 ≈ 50% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ALPHABET INC-CL C, MICROSOFT CORP, Berkshire Hathaway - B, L3HARRIS TECHNOLOGIES INC, RTX CORP.

Over the last 9 quarters its long book ran on average 1.7pp 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
+0.1%
Q2 2024
+7.0%
Q3 2024
-3.9%
Q4 2024
-0.8%
Q1 2025
+5.9%
Q2 2025
+6.9%
Q3 2025
+1.9%
Q4 2025
-1.8%
Q1 2026
+9.9%

Sector allocation

Technology
35%
Other
17%
Industrials
15%
Healthcare
11%
Utilities
5%
Consumer staples
5%
Energy
4%
Materials
2%

Long book by quarter

$329.5M
Q1 2024
$326.2M
Q2 2024
$341.3M
Q3 2024
$333.3M
Q4 2024
$328.8M
Q1 2025
$340.7M
Q2 2025
$358.1M
Q3 2025
$358.1M
Q4 2025
$342.9M
Q1 2026

What does M. Kraus own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GOOG ALPHABET INC-CL CTechnology100.2K$28.8M8.4%-1.4%
MSFT MICROSOFT CORPTechnology75.0K$27.8M8.1%0.0%
LHX L3HARRIS TECHNOLOGIES INCTechnology46.8K$16.1M4.7%-1.7%
RTX RTX CORPIndustrials77.6K$15.0M4.4%-0.8%
TMO THERMO FISHER SCIENTIFIC INCOther29.9K$14.7M4.3%+0.6%
NEE NEXTERA ENERGY INCUtilities132.1K$12.3M3.6%-1.0%
NSC NORFOLK SOUTHERN CORPIndustrials41.9K$12.0M3.5%-1.1%
JNJ JOHNSON & JOHNSONHealthcare49.0K$12.0M3.5%-1.0%
CSCO CISCO SYSTEMS INCTechnology153.5K$11.9M3.5%+0.2%
ROK ROCKWELL AUTOMATION INCOther31.6K$11.3M3.3%-1.7%
ECL ECOLAB INCOther36.7K$9.8M2.9%-0.5%
ITW ILLINOIS TOOL WORKSIndustrials37.4K$9.7M2.8%-1.7%
CHD CHURCH & DWIGHT CO INCOther100.0K$9.3M2.7%-0.1%
ABBV ABBVIE INCHealthcare39.2K$8.5M2.5%-0.2%
PG PROCTER & GAMBLE CO/THEOther58.2K$8.4M2.5%+2.0%
PEP PEPSICO INCConsumer staples52.4K$8.1M2.4%-0.9%
CARR CARRIER GLOBAL CORPIndustrials140.8K$7.9M2.3%-0.3%
ABT ABBOTT LABORATORIESHealthcare76.9K$7.9M2.3%+1.5%
ENB ENBRIDGE INCEnergy142.4K$7.7M2.2%-0.3%
LIN LINDE PLCMaterials15.4K$7.6M2.2%-0.1%
AVGO BROADCOM INCTechnology23.5K$7.3M2.1%-0.2%
AAPL APPLE INCTechnology27.2K$6.9M2.0%+1.7%
MDLZ MONDELEZ INTERNATIONAL INC-AConsumer staples112.0K$6.5M1.9%-1.4%
MCHP MICROCHIP TECHNOLOGY INCTechnology89.3K$5.8M1.7%-0.1%
RSG REPUBLIC SERVICES INCUtilities16.6K$3.6M1.1%+2.9%
VZ VERIZON COMMUNICATIONS INCCommunications64.5K$3.2M0.9%-0.1%
COP CONOCOPHILLIPSEnergy19.5K$2.6M0.7%-0.3%
JPM JPMORGAN CHASE & COFinancials8.7K$2.6M0.7%-0.3%
IBM INTL BUSINESS MACHINES CORPTechnology9.7K$2.4M0.7%+22.1%
CVX CHEVRON CORPEnergy9.6K$2.0M0.6%-0.6%
AMZN AMAZON.COM INCConsumer discretionary9.5K$2.0M0.6%+0.4%
BDX BECTON DICKINSON AND COHealthcare12.4K$2.0M0.6%-0.3%
DIS WALT DISNEY CO/THEServices media19.5K$1.9M0.5%-4.8%
GOOGL ALPHABET INC-CL ATechnology6.4K$1.8M0.5%+0.7%
OTIS OTIS WORLDWIDE CORPIndustrials23.1K$1.8M0.5%-4.9%
MRK MERCK & CO. INC.Healthcare10.7K$1.3M0.4%+2.8%
NVDA NVIDIA CORPTechnology6.6K$1.2M0.3%+2.0%
AMGN AMGEN INCHealthcare2.4K$857K0.2%Held
LLY ELI LILLY & COHealthcare926$852K0.2%Held
COST COSTCO WHOLESALE CORPConsumer discretionary823$820K0.2%+0.4%
XOM EXXON MOBIL CORPEnergy4.8K$813K0.2%Held
HD HOME DEPOT INCConsumer discretionary2.5K$809K0.2%Held
MA MASTERCARD INC - AServices media1.5K$756K0.2%-1.2%
WMT WALMART INCConsumer discretionary5.9K$737K0.2%Held
MCD MCDONALD'S CORPConsumer discretionary2.2K$691K0.2%Held
KO COCA-COLA CO/THEConsumer staples6.9K$524K0.2%Held
PFE PFIZER INCHealthcare17.8K$501K0.1%Held
V VISA INC-CLASS A SHARESServices media1.6K$498K0.1%-1.2%
TJX TJX COMPANIES INCConsumer discretionary2.9K$458K0.1%Held
UNP UNION PACIFIC CORPIndustrials1.7K$423K0.1%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRApr 14, 202681$342.9M canonicalSEC ↗
Q4 202513F-HRJan 21, 202684$358.1M canonicalSEC ↗
Q3 202513F-HROct 14, 202584$358.1M canonicalSEC ↗
Q2 202513F-HRJul 24, 202583$340.7M canonicalSEC ↗
Q1 202513F-HRApr 17, 202580$328.8M canonicalSEC ↗
Q4 202413F-HRJan 14, 202581$333.3M canonicalSEC ↗
Q3 202413F-HROct 11, 202480$341.3M canonicalSEC ↗
Q2 202413F-HRJul 10, 202480$326.2M canonicalSEC ↗
Q1 202413F-HRApr 10, 202482$329.5M canonicalSEC ↗