Southeast Asset Advisors, LLC

Fundamental diversified ★Signal CIK 1390003
League rank
#740
in Fundamental diversified · #6076 overall
Long book
$912.5M
Q1 2026
Positions
217
Top-10 weight
59%
concentration
Last quarter
+8.7%
SPY +14.8%
Turnover
16%
of book per quarter

Strategy in plain words

auto-generated from filings

Southeast Asset Advisors, LLC is a diversified fundamental manager, running a $912.5M US long book across 217 positions.

The portfolio is concentrated: the top 10 names carry 59% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: BERKSHIRE HATHAWAY INC-CL B, ALPHABET INC-CL C, CNX RESOURCES CORP, APPLE INC, INVESCO S&P 500 EQUAL WEIGHT.

Over the last 9 quarters its long book ran on average 0.4pp 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
+2.1%
Q2 2024
+8.6%
Q3 2024
+1.4%
Q4 2024
-1.4%
Q1 2025
+1.9%
Q2 2025
+8.0%
Q3 2025
+6.4%
Q4 2025
+0.8%
Q1 2026
+8.7%

Sector allocation

Technology
30%
Financials
24%
Energy
17%
Industrials
7%
Consumer staples
5%
Consumer discretionary
5%
Healthcare
5%
Services media
3%

Long book by quarter

$831.0M
Q1 2024
$831.8M
Q2 2024
$904.2M
Q3 2024
$815.1M
Q4 2024
$815.5M
Q1 2025
$841.3M
Q2 2025
$918.3M
Q3 2025
$1.05B
Q4 2025
$912.5M
Q1 2026

What does Southeast Asset own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials276.7K$132.6M14.5%-3.3%
GOOG ALPHABET INC-CL CTechnology421.4K$120.9M13.2%-4.0%
CNX CNX RESOURCES CORPEnergy2.4M$93.0M10.2%-0.2%
AAPL APPLE INCTechnology230.1K$58.4M6.4%-0.9%
KO COCA-COLA CO/THEConsumer staples323.8K$24.6M2.7%0.0%
CVX CHEVRON CORPEnergy91.0K$18.8M2.1%0.0%
AFL AFLAC INCFinancials134.7K$14.8M1.6%0.0%
XOM EXXON MOBIL CORPEnergy85.3K$14.5M1.6%-1.1%
MSFT MICROSOFT CORPTechnology34.8K$12.9M1.4%+2.9%
FLO FLOWERS FOODS INCConsumer staples1.4M$11.4M1.2%+10.8%
JNJ JOHNSON & JOHNSONHealthcare46.1K$11.3M1.2%-0.2%
VRT VERTIV HOLDINGS CO-ATechnology36.4K$9.1M1.0%-13.0%
AMZN AMAZON.COM INCConsumer discretionary37.9K$7.9M0.9%+15.1%
SCHW SCHWAB (CHARLES) CORPFinancials77.3K$7.3M0.8%+57.9%
GOOGL ALPHABET INC-CL ATechnology23.9K$6.9M0.8%+13.9%
ITT ITT INCIndustrials27.0K$5.1M0.6%-3.9%
BRK/A BERKSHIRE HATHAWAY INC-CL AFinancials7$5.0M0.6%Held
SGI SOMNIGROUP INTERNATIONAL INCOther67.1K$5.0M0.5%-3.5%
VIK VIKING HOLDINGS LTDIndustrials66.8K$4.9M0.5%-18.4%
LYV LIVE NATION ENTERTAINMENT INServices media32.1K$4.9M0.5%-4.0%
MKL MARKEL GROUP INCFinancials2.5K$4.8M0.5%-2.0%
V VISA INC-CLASS A SHARESServices media15.7K$4.7M0.5%+5.1%
WAB WABTEC CORPIndustrials18.7K$4.7M0.5%-15.5%
ABBV ABBVIE INCHealthcare21.4K$4.7M0.5%-5.5%
OXY OCCIDENTAL PETROLEUM CORPEnergy68.7K$4.5M0.5%0.0%
CAT CATERPILLAR INCIndustrials6.3K$4.4M0.5%-10.0%
MLM MARTIN MARIETTA MATERIALSMaterials7.5K$4.4M0.5%+0.4%
LH LABCORP HOLDINGS INCHealthcare16.0K$4.3M0.5%+8.6%
TSCO TRACTOR SUPPLY COMPANYConsumer discretionary87.5K$4.0M0.4%+5.5%
COST COSTCO WHOLESALE CORPConsumer discretionary3.8K$3.8M0.4%-0.5%
NVDA NVIDIA CORPTechnology21.1K$3.7M0.4%+17.9%
NDAQ NASDAQ INCFinancials42.6K$3.6M0.4%+62.6%
STE STERIS PLCHealthcare15.8K$3.5M0.4%+6.5%
SCI SERVICE CORP INTERNATIONALServices media42.1K$3.5M0.4%-4.0%
EME EMCOR GROUP INCIndustrials4.5K$3.3M0.4%+23.6%
WMT WALMART INCConsumer discretionary25.8K$3.2M0.4%+9.9%
BRO BROWN & BROWN INCFinancials49.1K$3.2M0.4%+0.8%
DE DEERE & COIndustrials5.2K$2.9M0.3%-1.0%
PFE PFIZER INCHealthcare98.5K$2.8M0.3%+5.2%
RF REGIONS FINANCIAL CORPFinancials103.6K$2.7M0.3%+0.4%
TRMB TRIMBLE INCOther40.2K$2.6M0.3%-19.3%
LLY ELI LILLY & COHealthcare2.8K$2.6M0.3%-0.1%
ETN EATON CORP PLCIndustrials7.1K$2.5M0.3%+27.7%
TJX TJX COMPANIES INCConsumer discretionary15.8K$2.5M0.3%Held
CLH CLEAN HARBORS INCUtilities8.8K$2.5M0.3%+25.8%
JPM JPMORGAN CHASE & COFinancials8.3K$2.4M0.3%+9.1%
VMC VULCAN MATERIALS COMaterials8.8K$2.4M0.3%0.0%
SIG SIGNET JEWELERS LTDConsumer discretionary27.9K$2.4M0.3%-4.0%
PAYX PAYCHEX INCServices media25.3K$2.3M0.3%-11.1%
SO SOUTHERN CO/THEUtilities24.1K$2.3M0.3%+4.6%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 13, 2026217$912.5M canonicalSEC ↗
Q4 202513F-HRFeb 13, 2026217$1.05B canonicalSEC ↗
Q3 202513F-HRNov 7, 2025209$918.3M canonicalSEC ↗
Q2 202513F-HRAug 12, 2025191$841.3M canonicalSEC ↗
Q1 202513F-HRMay 14, 2025184$815.5M canonicalSEC ↗
Q4 202413F-HRFeb 13, 2025167$815.1M canonicalSEC ↗
Q3 202413F-HRNov 13, 2024166$904.2M canonicalSEC ↗
Q2 202413F-HRAug 12, 2024161$831.8M canonicalSEC ↗
Q1 202413F-HRMay 14, 2024167$831.0M canonicalSEC ↗