RBO & CO LLC

Fundamental diversified ★Signal CIK 1162827
League rank
#881
in Fundamental diversified · #7130 overall
Long book
$619.6M
Q1 2026
Positions
57
Top-10 weight
48%
concentration
Last quarter
+4.0%
SPY +14.8%
Turnover
15%
of book per quarter

Strategy in plain words

auto-generated from filings

RBO & CO LLC is a diversified fundamental manager, running a $619.6M US long book across 57 positions.

The portfolio is moderately concentrated (top 10 ≈ 48% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: JOHNSON & JOHNSON, ABBVIE INC, MCDONALD'S CORP, BERKSHIRE HATHAWAY INC-CL B, PHILIP MORRIS INTERNATIONAL.

Over the last 9 quarters its long book ran on average 2.7pp per quarter behind the S&P 500, beating the index in 3 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
-4.4%
Q2 2024
+11.8%
Q3 2024
-3.3%
Q4 2024
+4.5%
Q1 2025
-1.7%
Q2 2025
+3.1%
Q3 2025
-0.9%
Q4 2025
+2.5%
Q1 2026
+4.0%

Sector allocation

Healthcare
24%
Consumer staples
18%
Services media
13%
Financials
12%
Other
9%
Technology
7%
Consumer discretionary
6%
Industrials
5%

Long book by quarter

$598.9M
Q1 2024
$560.3M
Q2 2024
$634.1M
Q3 2024
$613.2M
Q4 2024
$626.5M
Q1 2025
$623.7M
Q2 2025
$639.3M
Q3 2025
$628.4M
Q4 2025
$619.6M
Q1 2026

What does RBO & own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
JNJ JOHNSON & JOHNSONHealthcare215.1K$52.6M8.5%-1.1%
ABBV ABBVIE INCHealthcare186.1K$40.5M6.5%-1.3%
MCD MCDONALD'S CORPConsumer discretionary107.2K$33.3M5.4%-1.0%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials64.8K$31.0M5.0%-3.6%
PM PHILIP MORRIS INTERNATIONALConsumer staples180.0K$29.8M4.8%-0.7%
PEP PEPSICO INCConsumer staples149.3K$23.2M3.7%-1.8%
WH WYNDHAM HOTELS & RESORTS INCServices media276.1K$22.4M3.6%-1.8%
ABT ABBOTT LABORATORIESHealthcare217.8K$22.4M3.6%-0.3%
JPM JPMORGAN CHASE & COFinancials74.1K$21.8M3.5%-1.8%
RITN CIE FINANCIERE RICHEMO-A REG120.1K$20.7M3.3%-1.7%
MDLZ MONDELEZ INTERNATIONAL INC-AConsumer staples358.2K$20.6M3.3%-0.4%
KEYS KEYSIGHT TECHNOLOGIES INTechnology71.8K$20.3M3.3%-3.0%
XOM EXXON MOBIL CORPEnergy114.8K$19.5M3.1%-9.5%
LYV LIVE NATION ENTERTAINMENT INServices media126.9K$19.4M3.1%-1.9%
KVUE KENVUE INCOther985.0K$17.0M2.7%-1.9%
KO COCA-COLA CO/THEConsumer staples221.7K$16.9M2.7%-2.1%
GGG GRACO INCIndustrials177.3K$15.0M2.4%-3.5%
WABC WESTAMERICA BANCORPORATIONFinancials282.2K$14.7M2.4%-1.6%
ZTS ZOETIS INCHealthcare123.0K$14.5M2.3%-1.9%
ADBE ADOBE INCTechnology57.1K$13.9M2.2%+53.1%
DIS WALT DISNEY CO/THEServices media141.9K$13.7M2.2%-2.0%
WM WASTE MANAGEMENT INCUtilities59.2K$13.6M2.2%-1.1%
COO COOPER COS INC/THEHealthcare181.1K$12.9M2.1%-2.1%
EFX EQUIFAX INCServices media71.0K$12.8M2.1%-2.2%
LMT LOCKHEED MARTIN CORPIndustrials20.4K$12.3M2.0%-15.1%
BF/B BROWN-FORMAN CORP-CLASS BConsumer staples424.3K$11.2M1.8%-1.6%
WMG WARNER MUSIC GROUP CORP-CL AServices media419.8K$10.7M1.7%-4.4%
OXM OXFORD INDUSTRIES INCOther254.9K$9.8M1.6%+15.5%
MO ALTRIA GROUP INCConsumer staples98.2K$6.5M1.0%+0.5%
MSFT MICROSOFT CORPTechnology9.7K$3.6M0.6%Held
BRK/A BERKSHIRE HATHAWAY INC-CL AFinancials5$3.6M0.6%Held
KMB KIMBERLY-CLARK CORPOther32.2K$3.1M0.5%New
GOOGL ALPHABET INC-CL ATechnology8.5K$2.4M0.4%-29.6%
V VISA INC-CLASS A SHARESServices media5.2K$1.6M0.3%Held
NVDA NVIDIA CORPTechnology7.5K$1.3M0.2%Held
D DOMINION ENERGY INCUtilities18.0K$1.1M0.2%Held
TROW T ROWE PRICE GROUP INCFinancials11.8K$1.1M0.2%Held
CAT CATERPILLAR INCIndustrials1.5K$1.1M0.2%Held
ORCL ORACLE CORPTechnology6.6K$971K0.2%Held
PFE PFIZER INCHealthcare34.0K$953K0.2%+14.7%
VZ VERIZON COMMUNICATIONS INCCommunications14.8K$745K0.1%Held
AAPL APPLE INCTechnology2.7K$677K0.1%Held
NEE NEXTERA ENERGY INCUtilities7.2K$669K0.1%Held
ITW ILLINOIS TOOL WORKSIndustrials2.1K$547K0.1%Held
BNY BANK OF NEW YORK MELLON CORPFinancials4.0K$475K0.1%Held
RACE FERRARI NVIndustrials1.3K$429K0.1%Held
PG PROCTER & GAMBLE CO/THEOther2.5K$359K0.1%New
CAG CONAGRA BRANDS INCConsumer staples22.4K$352K0.1%New
BOH BANK OF HAWAII CORPFinancials3.8K$280K0.0%Held
EMR EMERSON ELECTRIC COIndustrials2.1K$271K0.0%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202657$619.6M canonicalSEC ↗
Q4 202513F-HRFeb 12, 202652$628.4M canonicalSEC ↗
Q3 202513F-HRNov 12, 202554$639.3M canonicalSEC ↗
Q2 202513F-HRAug 12, 202554$623.7M canonicalSEC ↗
Q1 202513F-HRMay 14, 202553$626.5M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202552$613.2M canonicalSEC ↗
Q3 202413F-HRNov 13, 202453$634.1M canonicalSEC ↗
Q2 202413F-HRAug 12, 202453$560.3M canonicalSEC ↗
Q1 202413F-HRMay 14, 202455$598.9M canonicalSEC ↗