Salvus Wealth Management, LLC
Long book
$172.0M
Q1 2026
Positions
126
Top-10 weight
32%
concentration
Last quarter
+10.8%
SPY +14.8%
Turnover
15%
of book per quarter
Strategy in plain words
auto-generated from filingsSalvus Wealth Management, LLC is an institutional manager, running a $172.0M US long book across 126 positions.
The portfolio is moderately concentrated (top 10 ≈ 32% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: BERKSHIRE HATHAWAY INC-CL B, SCHWAB (CHARLES) CORP, AST SPACEMOBILE INC, ALPHABET INC-CL C, GOLDMAN SACHS ACCESS TREASUR.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 2 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
-0.9%
Q2 2024
+9.9%
Q3 2024
+0.3%
Q4 2024
-2.0%
Q1 2025
+8.0%
Q2 2025
+6.7%
Q3 2025
+0.9%
Q4 2025
-4.4%
Q1 2026
+10.8%
Sector allocation
Financials 25%
Technology 24%
Industrials 14%
Consumer discretionary 9%
Other 7%
Communications 6%
Healthcare 4%
Services media 3%
Long book by quarter
What does Salvus Wealth own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 16.8K | $8.0M | 4.7% | -0.1% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 71.7K | $6.7M | 3.9% | -1.9% |
| ASTS AST SPACEMOBILE INC | Communications | 76.7K | $6.4M | 3.7% | -10.8% |
| GOOG ALPHABET INC-CL C | Technology | 21.2K | $6.1M | 3.5% | +10.6% |
| AAPL APPLE INC | Technology | 20.6K | $5.2M | 3.0% | -0.8% |
| PGR PROGRESSIVE CORP | Financials | 24.2K | $4.8M | 2.8% | -0.6% |
| IBP INSTALLED BUILDING PRODUCTS | Industrials | 17.4K | $4.6M | 2.7% | -0.7% |
| ADI ANALOG DEVICES INC | Technology | 13.6K | $4.3M | 2.5% | -30.5% |
| SGI SOMNIGROUP INTERNATIONAL INC | Other | 58.5K | $4.3M | 2.5% | -1.6% |
| NVDA NVIDIA CORP | Technology | 24.4K | $4.3M | 2.5% | +0.9% |
| THO THOR INDUSTRIES INC | Industrials | 52.7K | $4.2M | 2.4% | -1.7% |
| BKNG BOOKING HOLDINGS INC | Industrials | 939 | $4.0M | 2.3% | -0.1% |
| AXP AMERICAN EXPRESS CO | Financials | 12.0K | $3.6M | 2.1% | -1.0% |
| MSFT MICROSOFT CORP | Technology | 9.4K | $3.5M | 2.0% | +0.9% |
| BN BROOKFIELD CORP | Real estate | 74.7K | $3.0M | 1.8% | +23.7% |
| AMAT APPLIED MATERIALS INC | Technology | 8.5K | $2.9M | 1.7% | -1.8% |
| FND FLOOR & DECOR HOLDINGS INC-A | Consumer discretionary | 54.8K | $2.8M | 1.6% | +0.3% |
| MKL MARKEL GROUP INC | Financials | 1.4K | $2.8M | 1.6% | +32.7% |
| ABG ASBURY AUTOMOTIVE GROUP | Consumer discretionary | 13.8K | $2.7M | 1.6% | +0.3% |
| ANET ARISTA NETWORKS INC | Technology | 19.9K | $2.4M | 1.4% | -0.4% |
| NVR NVR INC | Industrials | 336 | $2.2M | 1.3% | +0.3% |
| EL ESTEE LAUDER COMPANIES-CL A | Other | 30.7K | $2.2M | 1.3% | -1.6% |
| AON AON PLC-CLASS A | Financials | 6.7K | $2.2M | 1.3% | -0.8% |
| JNJ JOHNSON & JOHNSON | Healthcare | 8.1K | $2.0M | 1.1% | +1.0% |
| AWI ARMSTRONG WORLD INDUSTRIES | Other | 11.5K | $1.9M | 1.1% | -0.3% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 20.3K | $1.9M | 1.1% | -0.2% |
| KNSL KINSALE CAPITAL GROUP INC | Financials | 5.5K | $1.9M | 1.1% | New |
| LLY ELI LILLY & CO | Healthcare | 2.0K | $1.8M | 1.1% | +3.5% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 6.2K | $1.8M | 1.0% | +0.6% |
| CVX CHEVRON CORP | Energy | 8.6K | $1.8M | 1.0% | +0.8% |
| MC MOELIS & CO - CLASS A | Financials | 30.9K | $1.8M | 1.0% | +11.0% |
| GLW CORNING INC | Industrials | 12.3K | $1.7M | 1.0% | -34.7% |
| BLK BLACKROCK INC | Financials | 1.7K | $1.6M | 0.9% | -0.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 6.9K | $1.4M | 0.8% | -26.8% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 4.7K | $1.4M | 0.8% | -3.2% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 3.4K | $1.3M | 0.8% | +2.3% |
| FNV FRANCO-NEVADA CORP | Materials | 5.3K | $1.3M | 0.8% | -6.3% |
| D DOMINION ENERGY INC | Utilities | 20.6K | $1.3M | 0.7% | +20.7% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 24.1K | $1.2M | 0.7% | +13.6% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 7.2K | $1.2M | 0.7% | -3.2% |
| L LOEWS CORP | Financials | 11.2K | $1.2M | 0.7% | -6.5% |
| CINF CINCINNATI FINANCIAL CORP | Financials | 7.1K | $1.1M | 0.6% | +2.5% |
| MO ALTRIA GROUP INC | Consumer staples | 16.7K | $1.1M | 0.6% | +1.4% |
| SBUX STARBUCKS CORP | Consumer discretionary | 12.2K | $1.1M | 0.6% | -0.9% |
| AVGO BROADCOM INC | Technology | 3.5K | $1.1M | 0.6% | +5.9% |
| CMI CUMMINS INC | Industrials | 1.9K | $1.0M | 0.6% | +72.1% |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 4.9K | $1.0M | 0.6% | +8.7% |
| TXN TEXAS INSTRUMENTS INC | Technology | 5.2K | $1.0M | 0.6% | -2.6% |
| NU NU HOLDINGS LTD/CAYMAN ISL-A | Financials | 69.5K | $999K | 0.6% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 12.5K | $971K | 0.6% | -21.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 10, 2026 | 126 | $172.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 12, 2026 | 136 | $178.8M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 14, 2025 | 133 | $179.0M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 14, 2025 | 126 | $171.3M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 10, 2025 | 121 | $159.5M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 15, 2025 | 118 | $156.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 7, 2024 | 115 | $162.9M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 17, 2024 | 110 | $145.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 12, 2024 | 106 | $146.4M | canonical | SEC ↗ |
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