Navera Investment Management Ltd.

Fundamental concentrated ★Highest signal CIK 1842702
League rank
#845
in Fundamental concentrated · #6954 overall
Long book
$3.92B
Q1 2026
Positions
56
Top-10 weight
62%
concentration
Last quarter
+5.8%
SPY +14.8%
Turnover
10%
of book per quarter

Strategy in plain words

auto-generated from filings

Navera Investment Management Ltd. is a concentrated fundamental stock-picker, running a $3.92B US long book across 56 positions.

The portfolio is concentrated: the top 10 names carry 62% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: MARSH & MCLENNAN COS, MASTERCARD INC - A, LABCORP HOLDINGS INC, INTUITIVE SURGICAL INC, TAIWAN SEMICONDUCTOR-SP ADR.

Over the last 9 quarters its long book ran on average 4.6pp per quarter behind the S&P 500, beating the index in 1 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
+0.7%
Q2 2024
+5.7%
Q3 2024
+0.2%
Q4 2024
-3.0%
Q1 2025
+3.5%
Q2 2025
-0.1%
Q3 2025
-0.5%
Q4 2025
-13.2%
Q1 2026
+5.8%

Sector allocation

Technology
38%
Healthcare
17%
Services media
15%
Consumer discretionary
12%
Other
9%
Financials
8%
Industrials
1%
Materials
0%

Long book by quarter

$5.10B
Q1 2024
$5.32B
Q2 2024
$5.62B
Q3 2024
$5.59B
Q4 2024
$5.47B
Q1 2025
$5.50B
Q2 2025
$5.22B
Q3 2025
$4.74B
Q4 2025
$3.92B
Q1 2026

What does Navera Investment own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MRSH MARSH & MCLENNAN COSFinancials1.7M$291.5M7.4%-4.2%
MA MASTERCARD INC - AServices media574.3K$287.0M7.3%-14.9%
LH LABCORP HOLDINGS INCHealthcare979.4K$261.3M6.7%-4.6%
ISRG INTUITIVE SURGICAL INCHealthcare543.9K$250.8M6.4%+5.9%
MSFT MICROSOFT CORPTechnology646.8K$239.4M6.1%-4.6%
AMZN AMAZON.COM INCConsumer discretionary1.1M$238.5M6.1%-19.1%
TMO THERMO FISHER SCIENTIFIC INCOther438.3K$215.5M5.5%-3.3%
CDNS CADENCE DESIGN SYS INCTechnology752.4K$209.0M5.3%-4.1%
APH AMPHENOL CORP-CL ATechnology1.6M$201.5M5.1%-4.3%
TSCO TRACTOR SUPPLY COMPANYConsumer discretionary4.2M$191.4M4.9%-17.6%
AME AMETEK INCTechnology854.8K$183.2M4.7%-3.6%
BR BROADRIDGE FINANCIAL SOLUTIOServices media1.0M$169.8M4.3%-3.7%
ADP AUTOMATIC DATA PROCESSINGTechnology676.9K$137.5M3.5%-4.9%
AVY AVERY DENNISON CORPOther749.2K$129.4M3.3%-4.8%
GOOGL ALPHABET INC-CL ATechnology439.5K$126.4M3.2%-23.2%
INTU INTUIT INCTechnology281.3K$121.6M3.1%-44.8%
BSX BOSTON SCIENTIFIC CORPHealthcare1.6M$97.7M2.5%New
ACN ACCENTURE PLC-CL AServices media453.8K$89.9M2.3%-49.4%
VRSK VERISK ANALYTICS INCTechnology423.4K$80.3M2.1%-3.9%
GOOG ALPHABET INC-CL CTechnology277.1K$79.5M2.0%-24.4%
XYL XYLEM INCIndustrials429.7K$51.4M1.3%+7026.1%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials15.5K$7.4M0.2%-9.6%
AAPL APPLE INCTechnology7.9K$2.0M0.1%-16.3%
COST COSTCO WHOLESALE CORPConsumer discretionary2.0K$1.9M0.0%-4.7%
UNH UNITEDHEALTH GROUP INCFinancials4.7K$1.3M0.0%-23.3%
SNPS SYNOPSYS INCTechnology2.9K$1.1M0.0%-13.8%
JNJ JOHNSON & JOHNSONHealthcare2.5K$611K0.0%Held
HON HONEYWELL INTERNATIONAL INCIndustrials2.2K$499K0.0%-43.4%
MCD MCDONALD'S CORPConsumer discretionary1.3K$412K0.0%-8.5%
WPM WHEATON PRECIOUS METALS CORPMaterials3.0K$393K0.0%-25.0%
XOM EXXON MOBIL CORPEnergy1.9K$322K0.0%Held
AXP AMERICAN EXPRESS COFinancials1.0K$303K0.0%Held
WEC WEC ENERGY GROUP INCUtilities2.4K$275K0.0%Held
ABBV ABBVIE INCHealthcare1.1K$239K0.0%-7.9%
PWR QUANTA SERVICES INCIndustrials417$229K0.0%-38.2%
META META PLATFORMS INC-CLASS ATechnology388$222K0.0%Held
DG DOLLAR GENERAL CORPConsumer discretionary1.6K$184K0.0%Held
DE DEERE & COIndustrials325$183K0.0%Held
EW EDWARDS LIFESCIENCES CORPHealthcare2.2K$174K0.0%-35.5%
KO COCA-COLA CO/THEConsumer staples2.2K$164K0.0%Held
PANW PALO ALTO NETWORKS INCTechnology960$154K0.0%Held
ALGN ALIGN TECHNOLOGY INCHealthcare850$146K0.0%-58.4%
WSO WATSCO INCConsumer discretionary379$138K0.0%-19.7%
MTD METTLER-TOLEDO INTERNATIONALHealthcare106$134K0.0%Held
MSCI MSCI INCServices media245$132K0.0%Held
IDXX IDEXX LABORATORIES INCMaterials206$116K0.0%Held
SYK STRYKER CORPHealthcare350$115K0.0%Held
LIN LINDE PLCMaterials197$98K0.0%Held
AMD ADVANCED MICRO DEVICESTechnology450$92K0.0%-30.8%
JPM JPMORGAN CHASE & COFinancials280$82K0.0%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 12, 202656$3.92B canonicalSEC ↗
Q4 202513F-HRFeb 12, 202660$4.74B canonicalSEC ↗
Q3 202513F-HROct 29, 202552$5.22B canonicalSEC ↗
Q2 202513F-HRJul 23, 202551$5.50B canonicalSEC ↗
Q1 202513F-HRMay 12, 202557$5.47B canonicalSEC ↗
Q4 202413F-HRJan 31, 202559$5.59B canonicalSEC ↗
Q3 202413F-HROct 18, 202465$5.62B canonicalSEC ↗
Q2 202413F-HRAug 14, 202460$5.32B canonicalSEC ↗
Q1 202413F-HRMay 10, 202465$5.10B canonicalSEC ↗