PROVIDENT TRUST CO
Long book
$4.78B
Q1 2026
Positions
22
Top-10 weight
89%
concentration
Last quarter
+11.7%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsPROVIDENT TRUST CO is a concentrated fundamental stock-picker, running a $4.78B US long book across 22 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: ALPHABET INC-CL C, ALPHABET INC-CL A, COSTCO WHOLESALE CORP, PNC FINANCIAL SERVICES GROUP, VISA INC-CLASS A SHARES.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 4 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
+3.4%
Q2 2024
+4.4%
Q3 2024
+5.1%
Q4 2024
-4.2%
Q1 2025
+2.2%
Q2 2025
+9.2%
Q3 2025
+6.6%
Q4 2025
-6.1%
Q1 2026
+11.7%
Sector allocation
Technology 34%
Consumer discretionary 29%
Financials 25%
Services media 13%
Healthcare 0%
Other 0%
Long book by quarter
What does PROVIDENT TRUST own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOG ALPHABET INC-CL C | Technology | 2.8M | $802.4M | 16.8% | -13.3% |
| GOOGL ALPHABET INC-CL A | Technology | 2.8M | $801.4M | 16.8% | -13.3% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 470.4K | $468.7M | 9.8% | -14.1% |
| PNC PNC FINANCIAL SERVICES GROUP | Financials | 1.7M | $363.3M | 7.6% | -13.8% |
| V VISA INC-CLASS A SHARES | Services media | 1.2M | $356.6M | 7.5% | -14.0% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 3.7M | $348.0M | 7.3% | -15.3% |
| TJX TJX COMPANIES INC | Consumer discretionary | 2.1M | $330.9M | 6.9% | -19.2% |
| AXP AMERICAN EXPRESS CO | Financials | 917.0K | $277.4M | 5.8% | -14.9% |
| ACN ACCENTURE PLC-CL A | Services media | 1.3M | $264.3M | 5.5% | -13.2% |
| HD HOME DEPOT INC | Consumer discretionary | 756.3K | $248.7M | 5.2% | -14.7% |
| FAST FASTENAL CO | Consumer discretionary | 4.5M | $209.7M | 4.4% | -12.6% |
| TROW T ROWE PRICE GROUP INC | Financials | 2.1M | $185.0M | 3.9% | -16.0% |
| TSCO TRACTOR SUPPLY COMPANY | Consumer discretionary | 2.4M | $106.8M | 2.2% | -24.6% |
| AAPL APPLE INC | Technology | 30.0K | $7.6M | 0.2% | Held |
| MSFT MICROSOFT CORP | Technology | 9.1K | $3.4M | 0.1% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 6.1K | $2.9M | 0.1% | Held |
| ABBV ABBVIE INC | Healthcare | 10.8K | $2.3M | 0.0% | Held |
| MA MASTERCARD INC - A | Services media | 2.4K | $1.2M | 0.0% | Held |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 3.0K | $962K | 0.0% | Held |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 1.0K | $496K | 0.0% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 2.8K | $404K | 0.0% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.6K | $337K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 27, 2026 | 22 | $4.78B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 2, 2026 | 22 | $5.98B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 23 | $6.00B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 4, 2025 | 23 | $5.48B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 27 | $5.36B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 31, 2025 | 26 | $5.78B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 1, 2024 | 29 | $5.55B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 5, 2024 | 27 | $5.39B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 27 | $5.38B | canonical | SEC ↗ |
Similar funds
Sanders Capital, LLCGATES FOUNDATION TRUSTEAGLE CAPITAL MANAGEMENT LLCWoodbridge Co LtdAlecta Tjanstepension OmsesidigtMubadala Investment Co PJSCH&H International Investment, LLCNewlands Management Operations LLCINVESTOR ABIndependent Franchise Partners LLPPineStone Asset Management Inc.Pentwater Capital Management LP