RMR Capital Management, LLC

Other Low signal CIK 2032709
League rank
#1636
in Other · #6808 overall
Long book
$138.5M
Q1 2026
Positions
75
Top-10 weight
51%
concentration
Last quarter
+6.6%
SPY +14.8%
Turnover
9%
of book per quarter

Strategy in plain words

auto-generated from filings

RMR Capital Management, LLC is an institutional manager, running a $138.5M US long book across 75 positions.

The portfolio is concentrated: the top 10 names carry 51% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: BERKSHIRE HATHAWAY INC-CL B, ISHARES 0-3 MONTH TREASURY B, ALPHABET INC-CL A, INVESCO S&P 500 EQUAL WEIGHT, SIXTH STREET SPECIALTY LENDI.

Over the last 9 quarters its long book ran on average 1.4pp 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
+0.6%
Q2 2024
+8.1%
Q3 2024
+0.6%
Q4 2024
+3.6%
Q1 2025
+2.4%
Q2 2025
+4.6%
Q3 2025
+2.7%
Q4 2025
-1.5%
Q1 2026
+6.6%

Sector allocation

Financials
48%
Technology
13%
Consumer discretionary
12%
Healthcare
6%
Industrials
6%
Other
6%
Real estate
5%
Services media
3%

Long book by quarter

$100.5M
Q1 2024
$109.5M
Q2 2024
$117.6M
Q3 2024
$134.3M
Q4 2024
$138.6M
Q1 2025
$139.9M
Q2 2025
$143.2M
Q3 2025
$138.6M
Q4 2025
$138.5M
Q1 2026

What does RMR Capital own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials50.1K$24.0M17.4%-0.1%
GOOGL ALPHABET INC-CL ATechnology16.7K$4.8M3.5%Held
TSLX SIXTH STREET SPECIALTY LENDI252.8K$4.6M3.4%+27.9%
COST COSTCO WHOLESALE CORPConsumer discretionary3.6K$3.6M2.6%Held
BRK/A BERKSHIRE HATHAWAY INC-CL AFinancials5$3.6M2.6%Held
CASH PATHWARD FINANCIAL INCFinancials39.1K$3.5M2.5%+2.4%
JOE ST JOE CO/THEReal estate43.3K$2.7M2.0%-0.5%
RTX RTX CORPIndustrials13.1K$2.5M1.8%Held
WMT WALMART INCConsumer discretionary19.6K$2.4M1.8%Held
JNJ JOHNSON & JOHNSONHealthcare8.5K$2.1M1.5%Held
ABBV ABBVIE INCHealthcare9.2K$2.0M1.4%Held
AXP AMERICAN EXPRESS COFinancials6.3K$1.9M1.4%Held
MCD MCDONALD'S CORPConsumer discretionary6.0K$1.9M1.4%Held
JPM JPMORGAN CHASE & COFinancials5.7K$1.7M1.2%Held
GOOG ALPHABET INC-CL CTechnology5.7K$1.6M1.2%Held
SCHW SCHWAB (CHARLES) CORPFinancials16.8K$1.6M1.1%Held
AAPL APPLE INCTechnology6.0K$1.5M1.1%Held
MSFT MICROSOFT CORPTechnology4.1K$1.5M1.1%Held
GS GOLDMAN SACHS GROUP INCFinancials1.7K$1.4M1.0%Held
V VISA INC-CLASS A SHARESServices media4.4K$1.3M1.0%Held
SKYH SKY HARBOUR GROUP CORPReal estate121.5K$1.2M0.8%New
GD GENERAL DYNAMICS CORPIndustrials3.4K$1.2M0.8%Held
AMZN AMAZON.COM INCConsumer discretionary5.1K$1.1M0.8%-3.0%
CSX CSX CORPIndustrials23.2K$954K0.7%Held
ABT ABBOTT LABORATORIESHealthcare7.9K$811K0.6%Held
NVDA NVIDIA CORPTechnology3.5K$611K0.4%+0.5%
NNI NELNET INC-CL AFinancials4.4K$564K0.4%-5.2%
KO COCA-COLA CO/THEConsumer staples7.0K$529K0.4%-7.3%
CPNG COUPANG INCConsumer discretionary27.1K$511K0.4%+68.5%
CB CHUBB LTDFinancials1.3K$432K0.3%Held
MKL MARKEL GROUP INCFinancials186$356K0.3%Held
PAYX PAYCHEX INCServices media3.5K$323K0.2%Held
BRO BROWN & BROWN INCFinancials4.9K$321K0.2%-36.1%
MGM MGM RESORTS INTERNATIONALServices media8.4K$311K0.2%-1.0%
AIG AMERICAN INTERNATIONAL GROUPFinancials4.1K$306K0.2%Held
HQI HIREQUEST INCServices media29.6K$296K0.2%+20.3%
AMRZ AMRIZE LTDIndustrials5.2K$289K0.2%-50.2%
LQDA LIQUIDIA CORPHealthcare7.4K$280K0.2%-20.4%
PLTR PALANTIR TECHNOLOGIES INC-ATechnology1.9K$273K0.2%New
NOC NORTHROP GRUMMAN CORPTechnology399$272K0.2%Held
CNQ CANADIAN NATURAL RESOURCESEnergy5.2K$255K0.2%New
SSD SIMPSON MANUFACTURING CO INCIndustrials1.3K$217K0.2%-48.8%
MDLZ MONDELEZ INTERNATIONAL INC-AConsumer staples3.5K$202K0.1%New

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 20, 202675$138.5M canonicalSEC ↗
Q4 202513F-HRFeb 12, 202674$139.0M canonicalSEC ↗
Q3 202513F-HRNov 3, 202580$143.2M canonicalSEC ↗
Q2 202513F-HRJul 28, 202573$139.9M canonicalSEC ↗
Q1 202513F-HRMay 13, 202579$140.9M canonicalSEC ↗
Q4 202413F-HRJan 23, 202577$135.5M canonicalSEC ↗
Q3 202413F-HRNov 5, 202473$121.9M canonicalSEC ↗
Q2 202413F-HRAug 14, 202468$109.5M canonicalSEC ↗
Q1 202413F-HRNov 5, 202469$109.3M canonicalSEC ↗