OLD REPUBLIC INTERNATIONAL CORP
Long book
$2.52B
Q1 2026
Positions
53
Top-10 weight
30%
concentration
Last quarter
+8.7%
SPY +14.8%
Turnover
2%
of book per quarter
Strategy in plain words
auto-generated from filingsOLD REPUBLIC INTERNATIONAL CORP is an institutional manager, running a $2.52B US long book across 53 positions.
The portfolio is moderately concentrated (top 10 ≈ 30% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: MERCK & CO. INC., EXXON MOBIL CORP, CHEVRON CORP, COCA-COLA CO/THE, JOHNSON & JOHNSON.
Over the last 9 quarters its long book ran on average 1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
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
+9.1%
Q3 2024
-4.0%
Q4 2024
+2.9%
Q1 2025
+0.7%
Q2 2025
+5.2%
Q3 2025
+2.0%
Q4 2025
+9.6%
Q1 2026
+8.7%
Sector allocation
Utilities 24%
Industrials 15%
Consumer discretionary 10%
Healthcare 10%
Energy 10%
Consumer staples 10%
Technology 9%
Financials 5%
Long book by quarter
What does OLD REPUBLIC own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MRK MERCK & CO. INC. | Healthcare | 705.6K | $84.9M | 3.4% | Held |
| XOM EXXON MOBIL CORP | Energy | 499.8K | $84.8M | 3.4% | -30.8% |
| CVX CHEVRON CORP | Energy | 400.7K | $82.9M | 3.3% | -17.6% |
| KO COCA-COLA CO/THE | Consumer staples | 991.3K | $75.4M | 3.0% | -5.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 307.0K | $75.0M | 3.0% | -7.8% |
| PG PROCTER & GAMBLE CO/THE | Other | 501.8K | $72.5M | 2.9% | -1.8% |
| ETN EATON CORP PLC | Industrials | 201.7K | $72.1M | 2.9% | -7.1% |
| PEP PEPSICO INC | Consumer staples | 460.3K | $71.5M | 2.8% | +0.9% |
| SO SOUTHERN CO/THE | Utilities | 711.9K | $68.7M | 2.7% | Held |
| EMR EMERSON ELECTRIC CO | Industrials | 499.1K | $65.4M | 2.6% | -2.3% |
| CMI CUMMINS INC | Industrials | 119.3K | $64.2M | 2.5% | Held |
| TXN TEXAS INSTRUMENTS INC | Technology | 329.5K | $64.0M | 2.5% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 809.7K | $62.8M | 2.5% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 196.2K | $61.0M | 2.4% | Held |
| CAT CATERPILLAR INC | Industrials | 85.5K | $60.6M | 2.4% | Held |
| CINF CINCINNATI FINANCIAL CORP | Financials | 368.9K | $58.0M | 2.3% | Held |
| HUBB HUBBELL INC | Technology | 114.5K | $56.2M | 2.2% | -9.8% |
| WEC WEC ENERGY GROUP INC | Utilities | 477.2K | $55.2M | 2.2% | -0.5% |
| PFE PFIZER INC | Healthcare | 2.0M | $55.1M | 2.2% | Held |
| XEL XCEL ENERGY INC | Utilities | 647.8K | $51.5M | 2.0% | -1.1% |
| EVRG EVERGY INC | Utilities | 627.6K | $51.4M | 2.0% | -13.7% |
| DUK DUKE ENERGY CORP | Utilities | 383.2K | $50.2M | 2.0% | Held |
| ES EVERSOURCE ENERGY | Utilities | 703.9K | $48.8M | 1.9% | Held |
| GWW WW GRAINGER INC | Consumer discretionary | 44.5K | $48.5M | 1.9% | Held |
| AEP AMERICAN ELECTRIC POWER | Utilities | 367.1K | $48.1M | 1.9% | Held |
| VLO VALERO ENERGY CORP | Energy | 192.8K | $47.6M | 1.9% | -32.2% |
| QCOM QUALCOMM INC | Technology | 364.7K | $47.0M | 1.9% | -17.5% |
| SYY SYSCO CORP | Consumer discretionary | 613.2K | $43.7M | 1.7% | -1.1% |
| OGE OGE ENERGY CORP | Utilities | 862.5K | $41.4M | 1.6% | Held |
| AJG ARTHUR J GALLAGHER & CO | Financials | 190.8K | $41.3M | 1.6% | Held |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 411.4K | $40.5M | 1.6% | Held |
| SR SPIRE INC | Utilities | 433.5K | $39.2M | 1.6% | Held |
| PAYX PAYCHEX INC | Services media | 423.1K | $39.0M | 1.5% | Held |
| MSM MSC INDUSTRIAL DIRECT CO-A | Consumer discretionary | 412.4K | $38.1M | 1.5% | -27.0% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 620.5K | $37.6M | 1.5% | +1.9% |
| CAH CARDINAL HEALTH INC | Consumer discretionary | 177.0K | $37.4M | 1.5% | Held |
| KMB KIMBERLY-CLARK CORP | Other | 387.5K | $37.4M | 1.5% | Held |
| POR PORTLAND GENERAL ELECTRIC CO | Utilities | 700.6K | $37.0M | 1.5% | +1.9% |
| ITW ILLINOIS TOOL WORKS | Industrials | 133.5K | $34.7M | 1.4% | -16.6% |
| FE FIRSTENERGY CORP | Utilities | 631.5K | $32.0M | 1.3% | Held |
| PEG PUBLIC SERVICE ENTERPRISE GP | Utilities | 392.5K | $31.8M | 1.3% | Held |
| PSX PHILLIPS 66 | Energy | 170.1K | $31.0M | 1.2% | -39.4% |
| GPC GENUINE PARTS CO | Consumer discretionary | 292.1K | $30.9M | 1.2% | +2.3% |
| EMN EASTMAN CHEMICAL CO | Materials | 387.5K | $29.6M | 1.2% | Held |
| BF/B BROWN-FORMAN CORP-CLASS B | Consumer staples | 1.1M | $29.2M | 1.2% | +21.7% |
| STZ CONSTELLATION BRANDS INC-A | Consumer staples | 193.5K | $29.0M | 1.2% | Held |
| BKH BLACK HILLS CORP | Utilities | 416.0K | $28.9M | 1.1% | Held |
| LMT LOCKHEED MARTIN CORP | Industrials | 46.8K | $28.3M | 1.1% | Held |
| USB US BANCORP | Financials | 480.0K | $25.0M | 1.0% | Held |
| AVA AVISTA CORP | Utilities | 597.5K | $24.0M | 1.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 53 | $2.52B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 54 | $2.48B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 27, 2025 | 56 | $2.70B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 9, 2025 | 55 | $2.55B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 29, 2025 | 57 | $2.57B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 55 | $2.54B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 25, 2024 | 54 | $2.67B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 29, 2024 | 54 | $2.46B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 29, 2024 | 54 | $2.54B | $K fixed canonical | SEC ↗ |
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