Manchester Capital Management LLC
Long book
$694.3M
Q1 2026
Positions
1306
Top-10 weight
48%
concentration
Last quarter
+14.0%
SPY +14.8%
Turnover
12%
of book per quarter
Strategy in plain words
auto-generated from filingsManchester Capital Management LLC is a mechanically diversified allocator, running a $694.3M US long book across 1306 positions.
The portfolio is moderately concentrated (top 10 ≈ 48% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, APPLE INC, UNITED PARCEL SERVICE-CL B, FTAI AVIATION LTD, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.6pp per quarter behind the S&P 500, beating the index in 4 of 9 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
Q1 2024
+2.8%
Q2 2024
+6.0%
Q3 2024
+1.6%
Q4 2024
-5.8%
Q1 2025
+7.6%
Q2 2025
+8.5%
Q3 2025
+3.7%
Q4 2025
-3.7%
Q1 2026
+14.0%
Sector allocation
Technology 39%
Industrials 14%
Consumer discretionary 11%
Financials 11%
Healthcare 9%
Services media 8%
Other 2%
Utilities 2%
Long book by quarter
What does Manchester Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 248.4K | $63.0M | 9.1% | +3.3% |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 339.3K | $33.4M | 4.8% | -0.6% |
| FTAI FTAI AVIATION LTD | Services media | 95.5K | $23.4M | 3.4% | -5.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 108.6K | $22.6M | 3.3% | -1.1% |
| NVDA NVIDIA CORP | Technology | 97.8K | $17.1M | 2.5% | -0.5% |
| GOOG ALPHABET INC-CL C | Technology | 56.1K | $16.1M | 2.3% | -2.7% |
| MSFT MICROSOFT CORP | Technology | 39.0K | $14.4M | 2.1% | -0.8% |
| GOOGL ALPHABET INC-CL A | Technology | 48.8K | $14.0M | 2.0% | -2.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 27.2K | $13.0M | 1.9% | -1.7% |
| TSLA TESLA INC | Industrials | 18.3K | $6.8M | 1.0% | -1.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 21.9K | $5.4M | 0.8% | -2.2% |
| ORCL ORACLE CORP | Technology | 36.2K | $5.3M | 0.8% | -0.2% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 7 | $5.0M | 0.7% | Held |
| MRK MERCK & CO. INC. | Healthcare | 36.3K | $4.4M | 0.6% | -0.9% |
| ABBV ABBVIE INC | Healthcare | 19.0K | $4.1M | 0.6% | -0.1% |
| WMT WALMART INC | Consumer discretionary | 31.7K | $3.9M | 0.6% | -3.4% |
| JPM JPMORGAN CHASE & CO | Financials | 13.2K | $3.9M | 0.6% | -5.0% |
| LLY ELI LILLY & CO | Healthcare | 3.9K | $3.6M | 0.5% | +0.6% |
| HD HOME DEPOT INC | Consumer discretionary | 10.4K | $3.4M | 0.5% | -1.0% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 3.2K | $3.2M | 0.5% | -11.6% |
| APH AMPHENOL CORP-CL A | Technology | 25.0K | $3.2M | 0.5% | -0.4% |
| AVGO BROADCOM INC | Technology | 9.8K | $3.0M | 0.4% | +0.6% |
| BDX BECTON DICKINSON AND CO | Healthcare | 19.2K | $3.0M | 0.4% | +0.6% |
| EOG EOG RESOURCES INC | Energy | 19.8K | $2.9M | 0.4% | +6.4% |
| QCOM QUALCOMM INC | Technology | 19.0K | $2.5M | 0.4% | +0.4% |
| PG PROCTER & GAMBLE CO/THE | Other | 16.8K | $2.4M | 0.3% | -3.9% |
| MCD MCDONALD'S CORP | Consumer discretionary | 7.8K | $2.4M | 0.3% | -3.3% |
| V VISA INC-CLASS A SHARES | Services media | 7.5K | $2.3M | 0.3% | -0.8% |
| UNP UNION PACIFIC CORP | Industrials | 8.7K | $2.1M | 0.3% | -3.7% |
| CVX CHEVRON CORP | Energy | 9.9K | $2.0M | 0.3% | -6.1% |
| CSCO CISCO SYSTEMS INC | Technology | 25.7K | $2.0M | 0.3% | -3.0% |
| GILD GILEAD SCIENCES INC | Healthcare | 13.3K | $1.8M | 0.3% | +1.0% |
| LOW LOWE'S COS INC | Consumer discretionary | 7.8K | $1.8M | 0.3% | -1.1% |
| MA MASTERCARD INC - A | Services media | 3.6K | $1.8M | 0.3% | -7.0% |
| ABT ABBOTT LABORATORIES | Healthcare | 17.4K | $1.8M | 0.3% | -3.4% |
| BKNG BOOKING HOLDINGS INC | Industrials | 409 | $1.7M | 0.2% | +4.3% |
| CBOE CBOE GLOBAL MARKETS INC | Financials | 6.0K | $1.7M | 0.2% | +1.3% |
| RKT ROCKET COS INC-CLASS A | Financials | 115.8K | $1.7M | 0.2% | -0.5% |
| TJX TJX COMPANIES INC | Consumer discretionary | 10.1K | $1.6M | 0.2% | -2.9% |
| UNH UNITEDHEALTH GROUP INC | Financials | 5.3K | $1.4M | 0.2% | -2.2% |
| AMGN AMGEN INC | Healthcare | 4.0K | $1.4M | 0.2% | +3.3% |
| AXP AMERICAN EXPRESS CO | Financials | 4.3K | $1.3M | 0.2% | -3.4% |
| PEP PEPSICO INC | Consumer staples | 8.3K | $1.3M | 0.2% | -8.7% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 5.1K | $1.2M | 0.2% | +2.6% |
| BILL BILL HOLDINGS INC | Technology | 30.9K | $1.2M | 0.2% | Held |
| SHOP SHOPIFY INC - CLASS A | Technology | 9.8K | $1.2M | 0.2% | -1.0% |
| RTX RTX CORP | Industrials | 6.0K | $1.2M | 0.2% | -2.8% |
| UPST UPSTART HOLDINGS INC | Financials | 44.9K | $1.2M | 0.2% | +4.2% |
| PTON PELOTON INTERACTIVE INC-A | Other | 260.5K | $1.1M | 0.2% | Held |
| NFLX NETFLIX INC | Services media | 11.6K | $1.1M | 0.2% | +15.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 11, 2026 | 1309 | $694.3M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 1344 | $734.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 1292 | $737.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 1206 | $761.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 1175 | $814.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 30, 2025 | 1157 | $861.5M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 5, 2024 | 1179 | $854.4M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 8, 2024 | 1152 | $832.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 6, 2024 | 1035 | $814.7M | canonical | SEC ↗ |
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