Mill Capital Management, LLC
Long book
$1.31B
Q1 2026
Positions
130
Top-10 weight
51%
concentration
Last quarter
+16.0%
SPY +14.8%
Turnover
5%
of book per quarter
Strategy in plain words
auto-generated from filingsMill Capital Management, LLC is a diversified fundamental manager, running a $1.31B US long book across 130 positions.
The portfolio is concentrated: the top 10 names carry 51% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, ALPHABET INC-CL C, MICROSOFT CORP, BERKSHIRE HATHAWAY INC-CL A, EXXON MOBIL CORP.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 5 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
+1.7%
Q2 2024
+6.3%
Q3 2024
+0.7%
Q4 2024
+0.4%
Q1 2025
+3.1%
Q2 2025
+6.4%
Q3 2025
+4.2%
Q4 2025
-4.3%
Q1 2026
+16.0%
Sector allocation
Technology 34%
Financials 21%
Industrials 12%
Healthcare 8%
Services media 6%
Energy 6%
Consumer discretionary 5%
Other 4%
Long book by quarter
What does Mill Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 505.3K | $128.2M | 9.8% | -0.5% |
| GOOG ALPHABET INC-CL C | Technology | 331.7K | $95.2M | 7.2% | -3.0% |
| MSFT MICROSOFT CORP | Technology | 201.6K | $74.6M | 5.7% | +0.5% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 102 | $73.3M | 5.6% | -12.8% |
| XOM EXXON MOBIL CORP | Energy | 365.8K | $62.1M | 4.7% | 0.0% |
| V VISA INC-CLASS A SHARES | Services media | 194.6K | $58.8M | 4.5% | +1.5% |
| JPM JPMORGAN CHASE & CO | Financials | 198.5K | $58.4M | 4.4% | +0.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 89.9K | $43.1M | 3.3% | +11.2% |
| MU MICRON TECHNOLOGY INC | Technology | 122.0K | $41.2M | 3.1% | -9.3% |
| AMZN AMAZON.COM INC | Consumer discretionary | 193.2K | $40.2M | 3.1% | +1.0% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 80.9K | $39.8M | 3.0% | +0.1% |
| AXP AMERICAN EXPRESS CO | Financials | 121.5K | $36.8M | 2.8% | -0.2% |
| UNP UNION PACIFIC CORP | Industrials | 134.4K | $32.6M | 2.5% | +3.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 118.8K | $29.0M | 2.2% | +0.1% |
| TDG TRANSDIGM GROUP INC | Industrials | 24.9K | $28.9M | 2.2% | +0.2% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 20.1K | $26.6M | 2.0% | -0.3% |
| BKNG BOOKING HOLDINGS INC | Industrials | 5.7K | $24.1M | 1.8% | +1.1% |
| ICE INTERCONTINENTAL EXCHANGE IN | Financials | 151.5K | $23.8M | 1.8% | +3.5% |
| GOOGL ALPHABET INC-CL A | Technology | 76.0K | $21.8M | 1.7% | -4.7% |
| LHX L3HARRIS TECHNOLOGIES INC | Technology | 62.1K | $21.4M | 1.6% | +0.1% |
| ZTS ZOETIS INC | Healthcare | 173.8K | $20.5M | 1.6% | +6.8% |
| LIN LINDE PLC | Materials | 41.1K | $20.4M | 1.5% | +2.1% |
| SPGI S&P GLOBAL INC | Services media | 43.5K | $18.5M | 1.4% | New |
| LH LABCORP HOLDINGS INC | Healthcare | 64.5K | $17.2M | 1.3% | +0.4% |
| VRSN VERISIGN INC | Technology | 67.0K | $16.6M | 1.3% | +0.1% |
| UNH UNITEDHEALTH GROUP INC | Financials | 59.5K | $16.1M | 1.2% | -1.3% |
| CPRT COPART INC | Consumer discretionary | 449.9K | $14.9M | 1.1% | +1.1% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 72.2K | $11.9M | 0.9% | Held |
| CRM SALESFORCE INC | Technology | 59.9K | $11.2M | 0.9% | -0.2% |
| OTIS OTIS WORLDWIDE CORP | Industrials | 144.4K | $11.1M | 0.8% | +0.4% |
| APH AMPHENOL CORP-CL A | Technology | 87.2K | $11.0M | 0.8% | +8.1% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 149.8K | $9.4M | 0.7% | +39.6% |
| MRK MERCK & CO. INC. | Healthcare | 64.4K | $7.7M | 0.6% | Held |
| LRCX LAM RESEARCH CORP | Industrials | 34.6K | $7.4M | 0.6% | -1.4% |
| TT TRANE TECHNOLOGIES PLC | Technology | 17.6K | $7.3M | 0.6% | -1.1% |
| WFC WELLS FARGO & CO | Financials | 79.5K | $6.3M | 0.5% | -2.5% |
| CAT CATERPILLAR INC | Industrials | 8.5K | $6.0M | 0.5% | -3.9% |
| CVX CHEVRON CORP | Energy | 27.7K | $5.7M | 0.4% | -0.2% |
| GE GENERAL ELECTRIC | Industrials | 19.3K | $5.5M | 0.4% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 35.7K | $5.2M | 0.4% | -5.1% |
| CMCSA COMCAST CORP-CLASS A | Communications | 150.8K | $4.3M | 0.3% | -19.7% |
| PFE PFIZER INC | Healthcare | 153.9K | $4.3M | 0.3% | -2.8% |
| ETN EATON CORP PLC | Industrials | 11.8K | $4.2M | 0.3% | Held |
| GEV GE VERNOVA INC | Industrials | 4.4K | $3.8M | 0.3% | Held |
| MLM MARTIN MARIETTA MATERIALS | Materials | 6.2K | $3.7M | 0.3% | Held |
| DUK DUKE ENERGY CORP | Utilities | 24.3K | $3.2M | 0.2% | -6.4% |
| ELV ELEVANCE HEALTH INC | Financials | 10.1K | $3.0M | 0.2% | Held |
| NSC NORFOLK SOUTHERN CORP | Industrials | 9.1K | $2.6M | 0.2% | Held |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 42.9K | $2.6M | 0.2% | -7.5% |
| KO COCA-COLA CO/THE | Consumer staples | 34.0K | $2.6M | 0.2% | -0.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 4, 2026 | 130 | $1.31B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 129 | $1.39B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 29, 2025 | 122 | $1.35B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 4, 2025 | 120 | $1.28B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 23, 2025 | 119 | $1.25B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 124 | $1.27B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 29, 2024 | 124 | $1.28B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 120 | $1.21B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 30, 2024 | 121 | $1.20B | canonical | SEC ↗ |
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