Round Hill Asset Management

Fundamental diversified ★Signal CIK 1696438
League rank
#809
in Fundamental diversified · #6708 overall
Long book
$152.7M
Q1 2026
Positions
62
Top-10 weight
50%
concentration
Last quarter
+7.0%
SPY +14.8%
Turnover
13%
of book per quarter

Strategy in plain words

auto-generated from filings

Round Hill Asset Management is a diversified fundamental manager, running a $152.7M US long book across 62 positions.

The portfolio is concentrated: the top 10 names carry 50% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: AMGEN INC, S&P GLOBAL INC, MERCK & CO. INC., COMCAST CORP-CLASS A, WALT DISNEY CO/THE.

Over the last 9 quarters its long book ran on average 3pp 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
-0.9%
Q2 2024
+6.7%
Q3 2024
-3.5%
Q4 2024
+0.4%
Q1 2025
+3.7%
Q2 2025
+1.8%
Q3 2025
+3.8%
Q4 2025
-5.3%
Q1 2026
+7.0%

Sector allocation

Healthcare
31%
Services media
20%
Financials
20%
Communications
10%
Industrials
6%
Technology
6%
Consumer staples
3%
Other
3%

Long book by quarter

$165.2M
Q1 2024
$156.8M
Q2 2024
$151.1M
Q3 2024
$141.8M
Q4 2024
$139.1M
Q1 2025
$148.1M
Q2 2025
$151.9M
Q3 2025
$158.7M
Q4 2025
$152.7M
Q1 2026

What does Round Hill own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AMGN AMGEN INCHealthcare38.0K$13.4M8.7%-7.5%
SPGI S&P GLOBAL INCServices media24.7K$10.5M6.9%-0.7%
MRK MERCK & CO. INC.Healthcare72.0K$8.7M5.7%-1.0%
CMCSA COMCAST CORP-CLASS ACommunications290.6K$8.3M5.5%+1.9%
DIS WALT DISNEY CO/THEServices media81.6K$7.9M5.2%-0.3%
NDAQ NASDAQ INCFinancials87.7K$7.4M4.9%-0.7%
PFE PFIZER INCHealthcare244.9K$6.9M4.5%-1.0%
SYF SYNCHRONY FINANCIALFinancials74.7K$5.1M3.3%-1.4%
BMY BRISTOL-MYERS SQUIBB COHealthcare72.4K$4.4M2.9%-1.0%
MDT MEDTRONIC PLCHealthcare48.5K$4.2M2.8%-1.7%
C CITIGROUP INCFinancials33.3K$3.8M2.5%-0.3%
CNXC CONCENTRIX CORPServices media135.5K$3.7M2.4%+55.0%
GOOGL ALPHABET INC-CL ATechnology12.6K$3.6M2.4%-10.2%
ABBV ABBVIE INCHealthcare15.5K$3.4M2.2%Held
ZBH ZIMMER BIOMET HOLDINGS INCHealthcare37.2K$3.4M2.2%+120.6%
T AT&T INCCommunications114.2K$3.3M2.2%-1.6%
BZH BEAZER HOMES USA INCIndustrials160.3K$3.1M2.0%+5.0%
KHC KRAFT HEINZ CO/THEConsumer staples115.0K$2.6M1.7%+63.0%
MHO M/I HOMES INCIndustrials21.1K$2.6M1.7%-0.8%
PII POLARIS INCIndustrials45.2K$2.5M1.6%-0.1%
MSFT MICROSOFT CORPTechnology6.5K$2.4M1.6%-1.6%
FRME FIRST MERCHANTS CORPFinancials58.5K$2.3M1.5%New
KVUE KENVUE INCOther123.2K$2.1M1.4%+16.7%
HRB H&R BLOCK INCServices media66.9K$2.1M1.4%+22.5%
FLG FLAGSTAR BANK NAFinancials140.7K$1.9M1.2%-0.5%
CHTR CHARTER COMMUNICATIONS INC-ACommunications8.2K$1.8M1.2%-0.6%
MCO MOODY'S CORPServices media3.1K$1.4M0.9%Held
DLX DELUXE CORPOther45.8K$1.3M0.8%-1.0%
ICE INTERCONTINENTAL EXCHANGE INFinancials8.0K$1.3M0.8%-2.9%
WSM WILLIAMS-SONOMA INCConsumer discretionary6.8K$1.2M0.8%-4.4%
SJM JM SMUCKER CO/THEConsumer staples12.9K$1.2M0.8%-0.3%
RMNI RIMINI STREET INCServices media344.4K$1.1M0.7%-1.3%
WFC WELLS FARGO & COFinancials13.9K$1.1M0.7%-5.2%
V VISA INC-CLASS A SHARESServices media3.6K$1.1M0.7%Held
JEF JEFFERIES FINANCIAL GROUP INFinancials25.9K$1.1M0.7%New
HTB HOMETRUST BANCSHARES INCFinancials24.0K$1.0M0.7%-6.1%
IOSP INNOSPEC INCMaterials12.0K$874K0.6%Held
MBWM MERCANTILE BANK CORPFinancials16.9K$855K0.6%-7.2%
SCI SERVICE CORP INTERNATIONALServices media10.1K$834K0.5%Held
ATKR ATKORE INCTechnology14.0K$823K0.5%-1.9%
FFBC FIRST FINANCIAL BANCORPFinancials27.6K$768K0.5%New
MA MASTERCARD INC - AServices media1.5K$735K0.5%Held
META META PLATFORMS INC-CLASS ATechnology1.2K$703K0.5%-0.2%
WHR WHIRLPOOL CORPIndustrials12.3K$663K0.4%-1.0%
HYNE HOYNE BANCORP INCFinancials31.6K$457K0.3%-1.3%
AAPL APPLE INCTechnology1.7K$443K0.3%-1.4%
VSNT VERSANT MEDIA GROUP INCCommunications11.3K$419K0.3%New
COF CAPITAL ONE FINANCIAL CORPFinancials2.3K$414K0.3%-46.3%
BHC BAUSCH HEALTH COS INCHealthcare73.0K$394K0.3%-0.9%
CME CME GROUP INCFinancials1.1K$326K0.2%-6.5%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202662$152.7M canonicalSEC ↗
Q4 202513F-HRFeb 12, 202663$158.7M canonicalSEC ↗
Q3 202513F-HRNov 12, 202563$151.9M canonicalSEC ↗
Q2 202513F-HRAug 13, 202561$148.1M canonicalSEC ↗
Q1 202513F-HRMay 13, 202562$139.1M canonicalSEC ↗
Q4 202413F-HRFeb 13, 202561$141.8M canonicalSEC ↗
Q3 202413F-HRNov 12, 202460$151.1M canonicalSEC ↗
Q2 202413F-HRAug 12, 202462$156.8M canonicalSEC ↗
Q1 202413F-HRMay 13, 202460$165.2M canonicalSEC ↗