North Forty Two & Co.
Long book
$108.2M
Q1 2026
Positions
97
Top-10 weight
37%
concentration
Last quarter
+7.4%
SPY +14.8%
Turnover
2%
of book per quarter
Strategy in plain words
auto-generated from filingsNorth Forty Two & Co. is a wealth-management firm allocating client money, running a $108.2M US long book across 97 positions.
The portfolio is moderately concentrated (top 10 ≈ 37% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: BONDBLOXX BBG 6 MTH US TREAS, JPMORGAN ULTRA-SHORT INCOME, BONDBLOXX BBG 1 DUR US TREAS, SCHWAB INTERMEDIATE-TERM US, SCHWAB US DVD EQUITY ETF.
Over the last 6 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 2 of 6 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
Q4 2024
+1.5%
Q1 2025
+3.6%
Q2 2025
+6.3%
Q3 2025
+2.4%
Q4 2025
+0.9%
Q1 2026
+7.4%
Sector allocation
Technology 31%
Healthcare 18%
Energy 13%
Financials 12%
Industrials 11%
Other 9%
Consumer staples 2%
Consumer discretionary 1%
Long book by quarter
What does North Forty own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 10.5K | $2.7M | 2.5% | -0.9% |
| NEU NEWMARKET CORP | Other | 3.2K | $2.1M | 1.9% | -2.0% |
| MSFT MICROSOFT CORP | Technology | 4.4K | $1.6M | 1.5% | -1.4% |
| BAC BANK OF AMERICA CORP | Financials | 24.2K | $1.2M | 1.1% | -2.2% |
| CVX CHEVRON CORP | Energy | 4.4K | $918K | 0.8% | -3.7% |
| XOM EXXON MOBIL CORP | Energy | 5.3K | $904K | 0.8% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 3.5K | $858K | 0.8% | +0.5% |
| VLO VALERO ENERGY CORP | Energy | 3.4K | $834K | 0.8% | Held |
| GILD GILEAD SCIENCES INC | Healthcare | 5.4K | $753K | 0.7% | Held |
| UNP UNION PACIFIC CORP | Industrials | 3.0K | $734K | 0.7% | Held |
| AMGN AMGEN INC | Healthcare | 2.0K | $716K | 0.7% | -0.2% |
| WFC WELLS FARGO & CO | Financials | 8.9K | $709K | 0.7% | -4.3% |
| GOOGL ALPHABET INC-CL A | Technology | 2.4K | $686K | 0.6% | -0.7% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.4K | $671K | 0.6% | Held |
| QCOM QUALCOMM INC | Technology | 4.6K | $597K | 0.6% | Held |
| LLY ELI LILLY & CO | Healthcare | 641 | $590K | 0.5% | +0.3% |
| INTC INTEL CORP | Technology | 13.0K | $573K | 0.5% | 0.0% |
| TXN TEXAS INSTRUMENTS INC | Technology | 2.9K | $562K | 0.5% | Held |
| ABBV ABBVIE INC | Healthcare | 2.6K | $558K | 0.5% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 7.1K | $554K | 0.5% | Held |
| CSX CSX CORP | Industrials | 13.4K | $551K | 0.5% | -0.7% |
| CMI CUMMINS INC | Industrials | 1.0K | $546K | 0.5% | -1.7% |
| RTX RTX CORP | Industrials | 2.8K | $544K | 0.5% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 1.8K | $523K | 0.5% | -4.8% |
| COP CONOCOPHILLIPS | Energy | 3.9K | $512K | 0.5% | Held |
| KO COCA-COLA CO/THE | Consumer staples | 6.3K | $481K | 0.4% | Held |
| CVS CVS HEALTH CORP | Healthcare | 6.3K | $450K | 0.4% | -5.3% |
| ABT ABBOTT LABORATORIES | Healthcare | 4.4K | $447K | 0.4% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 2.9K | $417K | 0.4% | Held |
| GOOG ALPHABET INC-CL C | Technology | 1.4K | $413K | 0.4% | Held |
| CAT CATERPILLAR INC | Industrials | 550 | $390K | 0.4% | Held |
| HD HOME DEPOT INC | Consumer discretionary | 1.2K | $387K | 0.4% | +1.6% |
| SYK STRYKER CORP | Healthcare | 1.1K | $349K | 0.3% | -2.7% |
| ORCL ORACLE CORP | Technology | 2.0K | $297K | 0.3% | Held |
| UNH UNITEDHEALTH GROUP INC | Financials | 1.1K | $291K | 0.3% | -0.6% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 5.7K | $288K | 0.3% | -10.1% |
| HUBB HUBBELL INC | Technology | 582 | $286K | 0.3% | Held |
| MRK MERCK & CO. INC. | Healthcare | 2.4K | $284K | 0.3% | Held |
| FICO FAIR ISAAC CORP | Services media | 235 | $251K | 0.2% | Held |
| MPC MARATHON PETROLEUM CORP | Energy | 947 | $231K | 0.2% | New |
| F FORD MOTOR CO | Industrials | 18.6K | $214K | 0.2% | Held |
| ADP AUTOMATIC DATA PROCESSING | Technology | 987 | $201K | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 21, 2026 | 97 | $108.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 97 | $106.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 101 | $102.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 11, 2025 | 98 | $94.1M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 5, 2025 | 94 | $90.3M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 91 | $86.6M | canonical | SEC ↗ |