SEARLE & CO.

Fundamental diversified ★Signal CIK 710127
League rank
#347
in Fundamental diversified · #1772 overall
Long book
$397.7M
Q1 2026
Positions
194
Top-10 weight
32%
concentration
Last quarter
+14.6%
SPY +14.8%
Turnover
10%
of book per quarter

Strategy in plain words

auto-generated from filings

SEARLE & CO. is a diversified fundamental manager, running a $397.7M US long book across 194 positions.

The portfolio is moderately concentrated (top 10 ≈ 32% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, MICROSOFT CORP, CATERPILLAR INC, EXXON MOBIL CORP, AMERICAN EXPRESS CO.

Over the last 9 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 4 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
+0.5%
Q2 2024
+6.9%
Q3 2024
+1.4%
Q4 2024
+0.8%
Q1 2025
+4.8%
Q2 2025
+5.9%
Q3 2025
+3.7%
Q4 2025
+1.0%
Q1 2026
+14.6%

Sector allocation

Technology
23%
Industrials
16%
Healthcare
15%
Financials
11%
Energy
8%
Consumer staples
6%
Consumer discretionary
6%
Utilities
5%

Long book by quarter

$392.1M
Q1 2024
$426.7M
Q2 2024
$400.9M
Q3 2024
$346.9M
Q4 2024
$350.9M
Q1 2025
$354.0M
Q2 2025
$377.5M
Q3 2025
$387.6M
Q4 2025
$397.7M
Q1 2026

What does SEARLE & own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
AAPL APPLE INCTechnology91.5K$23.2M5.8%-1.1%
MSFT MICROSOFT CORPTechnology40.3K$14.9M3.7%Held
CAT CATERPILLAR INCIndustrials19.7K$13.9M3.5%-3.4%
XOM EXXON MOBIL CORPEnergy79.8K$13.5M3.4%-0.9%
AXP AMERICAN EXPRESS COFinancials41.7K$12.6M3.2%Held
ABBV ABBVIE INCHealthcare48.1K$10.5M2.6%+0.6%
JNJ JOHNSON & JOHNSONHealthcare39.0K$9.5M2.4%-0.4%
PM PHILIP MORRIS INTERNATIONALConsumer staples56.3K$9.3M2.3%+0.5%
BAC BANK OF AMERICA CORPFinancials188.4K$9.2M2.3%+2.2%
PANW PALO ALTO NETWORKS INCTechnology57.1K$9.2M2.3%Held
RTX RTX CORPIndustrials47.4K$9.1M2.3%Held
NUE NUCOR CORPIndustrials45.4K$7.7M1.9%Held
CVX CHEVRON CORPEnergy36.6K$7.6M1.9%-3.8%
V VISA INC-CLASS A SHARESServices media24.5K$7.4M1.9%Held
IBM INTL BUSINESS MACHINES CORPTechnology29.9K$7.3M1.8%+0.3%
PEP PEPSICO INCConsumer staples45.6K$7.1M1.8%-1.1%
MCD MCDONALD'S CORPConsumer discretionary21.9K$6.8M1.7%Held
TRGP TARGA RESOURCES CORPUtilities26.0K$6.5M1.6%Held
MRK MERCK & CO. INC.Healthcare53.2K$6.4M1.6%Held
HON HONEYWELL INTERNATIONAL INCIndustrials27.5K$6.2M1.6%+0.3%
CSCO CISCO SYSTEMS INCTechnology63.4K$4.9M1.2%-3.1%
JPM JPMORGAN CHASE & COFinancials16.7K$4.9M1.2%Held
BMY BRISTOL-MYERS SQUIBB COHealthcare79.8K$4.8M1.2%Held
NOC NORTHROP GRUMMAN CORPTechnology6.7K$4.6M1.2%Held
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials9.3K$4.4M1.1%New
PG PROCTER & GAMBLE CO/THEOther30.7K$4.4M1.1%-7.9%
ROK ROCKWELL AUTOMATION INCOther12.3K$4.4M1.1%Held
YUM YUM! BRANDS INCConsumer discretionary26.9K$4.2M1.1%Held
ETN EATON CORP PLCIndustrials11.7K$4.2M1.1%Held
HD HOME DEPOT INCConsumer discretionary10.6K$3.5M0.9%-6.6%
AZN ASTRAZENECA PLCHealthcare17.7K$3.4M0.9%New
APG API GROUP CORPServices media83.5K$3.4M0.9%-4.3%
NEE NEXTERA ENERGY INCUtilities32.3K$3.0M0.8%+2.2%
RVTY REVVITY INCHealthcare33.8K$3.0M0.7%Held
BAC 7.25 PERP L BANK OF AMERICA CORP2.4K$2.9M0.7%New
ADP AUTOMATIC DATA PROCESSINGTechnology14.2K$2.9M0.7%-5.0%
LLY ELI LILLY & COHealthcare3.0K$2.8M0.7%-14.3%
RPRX ROYALTY PHARMA PLC- CL AHealthcare56.5K$2.7M0.7%-1.7%
BNY BANK OF NEW YORK MELLON CORPFinancials22.8K$2.7M0.7%Held
BA BOEING CO/THEIndustrials12.6K$2.5M0.6%Held
PFE PFIZER INCHealthcare87.8K$2.5M0.6%-2.9%
AMGN AMGEN INCHealthcare6.8K$2.4M0.6%Held
QCOM QUALCOMM INCTechnology17.6K$2.3M0.6%Held
GLW CORNING INCIndustrials16.0K$2.2M0.5%Held
TXN TEXAS INSTRUMENTS INCTechnology11.1K$2.2M0.5%Held
CVS CVS HEALTH CORPHealthcare29.4K$2.1M0.5%Held
COST COSTCO WHOLESALE CORPConsumer discretionary2.1K$2.1M0.5%Held
EQH EQUITABLE HOLDINGS INCFinancials56.0K$2.1M0.5%-2.6%
AMZN AMAZON.COM INCConsumer discretionary9.6K$2.0M0.5%+32.8%
AEP AMERICAN ELECTRIC POWERUtilities14.9K$2.0M0.5%-3.2%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 8, 2026194$397.7M canonicalSEC ↗
Q4 202513F-HRFeb 13, 2026187$387.6M canonicalSEC ↗
Q3 202513F-HRNov 4, 2025185$377.5M canonicalSEC ↗
Q2 202513F-HRAug 7, 2025183$354.0M canonicalSEC ↗
Q1 202513F-HRMay 15, 2025176$350.9M canonicalSEC ↗
Q4 202413F-HRFeb 14, 2025177$346.9M canonicalSEC ↗
Q3 202413F-HROct 22, 2024171$400.9M canonicalSEC ↗
Q2 202413F-HRJul 30, 2024184$426.7M canonicalSEC ↗
Q1 202413F-HRMay 9, 2024163$392.1M canonicalSEC ↗