PYA Waltman Capital, LLC
Long book
$360.7M
Q1 2026
Positions
67
Top-10 weight
61%
concentration
Last quarter
+8.9%
SPY +14.8%
Turnover
11%
of book per quarter
Strategy in plain words
auto-generated from filingsPYA Waltman Capital, LLC is a diversified fundamental manager, running a $360.7M US long book across 67 positions.
The portfolio is concentrated: the top 10 names carry 61% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: BERKSHIRE HATHAWAY INC-CL B, POST HOLDINGS INC, T ROWE PRC CAP APPRECIATION, MARKEL GROUP INC, ALPHABET INC-CL A.
Over the last 9 quarters its long book ran on average 1.6pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.6%
Q2 2024
+8.0%
Q3 2024
+0.3%
Q4 2024
+1.2%
Q1 2025
+4.0%
Q2 2025
+5.5%
Q3 2025
+2.6%
Q4 2025
-6.2%
Q1 2026
+8.9%
Sector allocation
Financials 23%
Technology 21%
Industrials 15%
Consumer staples 12%
Consumer discretionary 9%
Healthcare 7%
Services media 7%
Other 3%
Long book by quarter
What does PYA Waltman own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 79.6K | $38.1M | 10.6% | +4.1% |
| POST POST HOLDINGS INC | Consumer staples | 329.2K | $32.5M | 9.0% | +20.8% |
| MKL MARKEL GROUP INC | Financials | 11.4K | $21.8M | 6.0% | +2.2% |
| GOOGL ALPHABET INC-CL A | Technology | 74.7K | $21.5M | 6.0% | -0.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 99.2K | $20.7M | 5.7% | +40.9% |
| TDG TRANSDIGM GROUP INC | Industrials | 13.2K | $15.2M | 4.2% | +7.5% |
| DHR DANAHER CORP | Technology | 77.1K | $14.6M | 4.1% | +19.3% |
| HEI/A HEICO CORP-CLASS A | Industrials | 62.4K | $13.2M | 3.7% | +2.2% |
| SPGI S&P GLOBAL INC | Services media | 30.0K | $12.7M | 3.5% | +14.5% |
| ROP ROPER TECHNOLOGIES INC | Technology | 32.3K | $11.4M | 3.2% | +104.5% |
| JNJ JOHNSON & JOHNSON | Healthcare | 41.4K | $10.1M | 2.8% | -0.8% |
| AMGN AMGEN INC | Healthcare | 13.8K | $4.8M | 1.3% | +0.2% |
| PEP PEPSICO INC | Consumer staples | 30.9K | $4.8M | 1.3% | +125.0% |
| ABBV ABBVIE INC | Healthcare | 21.2K | $4.6M | 1.3% | +2.9% |
| TXN TEXAS INSTRUMENTS INC | Technology | 23.4K | $4.5M | 1.3% | +1.6% |
| PG PROCTER & GAMBLE CO/THE | Other | 30.5K | $4.4M | 1.2% | +123.2% |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 44.4K | $4.4M | 1.2% | +6.4% |
| HD HOME DEPOT INC | Consumer discretionary | 11.6K | $3.8M | 1.1% | +36.3% |
| CVX CHEVRON CORP | Energy | 17.7K | $3.7M | 1.0% | +95.4% |
| BLD* TOPBUILD CORP | — | 10.3K | $3.6M | 1.0% | +4.2% |
| AVGO BROADCOM INC | Technology | 11.6K | $3.6M | 1.0% | -28.1% |
| MTN VAIL RESORTS INC | Services media | 26.9K | $3.5M | 1.0% | -15.8% |
| NVR NVR INC | Industrials | 523 | $3.4M | 1.0% | -1.1% |
| ETSY ETSY INC | Services media | 65.8K | $3.3M | 0.9% | +169.7% |
| LMT LOCKHEED MARTIN CORP | Industrials | 5.3K | $3.2M | 0.9% | +40.3% |
| GD GENERAL DYNAMICS CORP | Industrials | 9.2K | $3.2M | 0.9% | -0.9% |
| ALL ALLSTATE CORP | Financials | 14.3K | $3.0M | 0.8% | -14.4% |
| JPM JPMORGAN CHASE & CO | Financials | 9.5K | $2.8M | 0.8% | -25.7% |
| AAPL APPLE INC | Technology | 9.9K | $2.5M | 0.7% | +4.4% |
| TRV TRAVELERS COS INC/THE | Financials | 6.1K | $1.8M | 0.5% | -2.4% |
| TROW T ROWE PRICE GROUP INC | Financials | 19.2K | $1.7M | 0.5% | -8.0% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 32.7K | $1.6M | 0.5% | +12.4% |
| CSCO CISCO SYSTEMS INC | Technology | 20.6K | $1.6M | 0.4% | -0.5% |
| NEE NEXTERA ENERGY INC | Utilities | 16.1K | $1.5M | 0.4% | +0.6% |
| MCD MCDONALD'S CORP | Consumer discretionary | 4.5K | $1.4M | 0.4% | -2.8% |
| MSFT MICROSOFT CORP | Technology | 3.7K | $1.4M | 0.4% | -11.5% |
| SBUX STARBUCKS CORP | Consumer discretionary | 12.5K | $1.1M | 0.3% | +1.1% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 3.2K | $925K | 0.3% | +12.1% |
| XOM EXXON MOBIL CORP | Energy | 5.1K | $859K | 0.2% | -0.6% |
| AEM AGNICO EAGLE MINES LTD | Materials | 4.1K | $823K | 0.2% | -0.4% |
| GE GENERAL ELECTRIC | Industrials | 2.7K | $775K | 0.2% | Held |
| GPC GENUINE PARTS CO | Consumer discretionary | 5.8K | $612K | 0.2% | +9.3% |
| GEV GE VERNOVA INC | Industrials | 681 | $594K | 0.2% | Held |
| GOOG ALPHABET INC-CL C | Technology | 1.7K | $501K | 0.1% | Held |
| LDOS LEIDOS HOLDINGS INC | Technology | 3.1K | $485K | 0.1% | Held |
| SPXC SPX TECHNOLOGIES INC | Industrials | 2.4K | $478K | 0.1% | Held |
| PAAS PAN AMERICAN SILVER CORP | Materials | 6.8K | $372K | 0.1% | -27.3% |
| TSLA TESLA INC | Industrials | 883 | $328K | 0.1% | +3.5% |
| SO SOUTHERN CO/THE | Utilities | 2.7K | $258K | 0.1% | Held |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 3.7K | $227K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 67 | $360.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 75 | $372.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 80 | $373.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 76 | $347.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 75 | $318.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 3, 2025 | 78 | $310.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 15, 2024 | 73 | $306.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 12, 2024 | 66 | $272.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 66 | $27.0M | canonical | SEC ↗ |
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