Pacifica Capital Investments, LLC
Long book
$293.8M
Q1 2026
Positions
15
Top-10 weight
97%
concentration
Last quarter
-3.1%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsPacifica Capital Investments, LLC is a concentrated fundamental stock-picker, running a $293.8M US long book across 15 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: BERKSHIRE HATHAWAY INC-CL B, FIVE BELOW, BUILD-A-BEAR WORKSHOP INC, ACADEMY SPORTS & OUTDOORS IN, STARBUCKS CORP.
Over the last 9 quarters its long book ran on average 1.4pp per quarter behind the S&P 500, beating the index in 6 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
-14.2%
Q2 2024
+9.6%
Q3 2024
+7.6%
Q4 2024
-5.2%
Q1 2025
+16.3%
Q2 2025
+11.2%
Q3 2025
+6.3%
Q4 2025
-0.5%
Q1 2026
-3.1%
Sector allocation
Consumer discretionary 53%
Financials 41%
Other 6%
Long book by quarter
What does Pacifica Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 188.7K | $90.4M | 30.8% | -2.3% |
| FIVE FIVE BELOW | Consumer discretionary | 215.3K | $49.2M | 16.7% | -63.9% |
| BBW BUILD-A-BEAR WORKSHOP INC | Consumer discretionary | 1.0M | $37.7M | 12.8% | -0.8% |
| ASO ACADEMY SPORTS & OUTDOORS IN | Consumer discretionary | 436.0K | $24.6M | 8.4% | -3.4% |
| SBUX STARBUCKS CORP | Consumer discretionary | 246.2K | $22.1M | 7.5% | -0.4% |
| NKE NIKE INC -CL B | Other | 327.3K | $17.3M | 5.9% | +122.5% |
| FND FLOOR & DECOR HOLDINGS INC-A | Consumer discretionary | 224.2K | $11.4M | 3.9% | +3471.0% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 13 | $9.3M | 3.2% | Held |
| GS GOLDMAN SACHS GROUP INC | Financials | 8.2K | $6.9M | 2.4% | -5.1% |
| AXP AMERICAN EXPRESS CO | Financials | 18.0K | $5.4M | 1.9% | Held |
| KRUS KURA SUSHI USA INC-CLASS A | Consumer discretionary | 43.4K | $3.0M | 1.0% | -1.3% |
| CNA CNA FINANCIAL CORP | Financials | 24.1K | $1.1M | 0.4% | -4.7% |
| WFC WELLS FARGO & CO | Financials | 7.3K | $584K | 0.2% | Held |
| ACCO ACCO BRANDS CORP | Other | 10.0K | $30K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 15 | $293.8M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 15 | $367.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 14 | $368.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 16 | $340.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 14 | $281.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 11, 2025 | 14 | $310.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 16 | $291.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 5, 2024 | 18 | $278.5M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 19 | $324.4M | canonical | SEC ↗ |
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