SRB CORP

Fundamental concentrated ★Highest signal CIK 1496228
League rank
#279
in Fundamental concentrated · #514 overall
Long book
$1.63B
Q1 2026
Positions
23
Top-10 weight
68%
concentration
Last quarter
+21.0%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

SRB CORP is a concentrated fundamental stock-picker, running a $1.63B US long book across 23 positions.

The portfolio is concentrated: the top 10 names carry 68% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: MICROSOFT CORP, SAFETY INSURANCE GROUP INC, RENAISSANCERE HOLDINGS LTD, SS TECHNOLOGY SELECT SECTOR, INTEL CORP.

Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-3.8%
Q2 2024
+2.9%
Q3 2024
-3.0%
Q4 2024
-3.5%
Q1 2025
+10.7%
Q2 2025
+5.4%
Q3 2025
+4.2%
Q4 2025
-4.4%
Q1 2026
+21.0%

Sector allocation

Technology
32%
Consumer discretionary
26%
Financials
21%
Healthcare
8%
Industrials
7%
Other
3%
Communications
3%

Long book by quarter

$1.81B
Q1 2024
$1.69B
Q2 2024
$1.78B
Q3 2024
$1.74B
Q4 2024
$1.53B
Q1 2025
$1.67B
Q2 2025
$1.74B
Q3 2025
$1.82B
Q4 2025
$1.63B
Q1 2026

What does SRB CORP own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
MSFT MICROSOFT CORPTechnology575.5K$213.1M13.1%-16.9%
SAFT SAFETY INSURANCE GROUP INCFinancials1.8M$130.4M8.0%-2.6%
RNR RENAISSANCERE HOLDINGS LTDFinancials388.5K$115.5M7.1%-7.5%
INTC INTEL CORPTechnology2.1M$94.7M5.8%-1.8%
AMZN AMAZON.COM INCConsumer discretionary450.4K$93.8M5.8%-2.2%
GE GENERAL ELECTRICIndustrials300.9K$85.4M5.2%-18.6%
WMT WALMART INCConsumer discretionary620.6K$77.1M4.7%-14.6%
GWW WW GRAINGER INCConsumer discretionary66.9K$72.9M4.5%-2.0%
GOOGL ALPHABET INC-CL ATechnology230.0K$66.1M4.1%-1.8%
MRK MERCK & CO. INC.Healthcare463.3K$55.7M3.4%-2.1%
CVS CVS HEALTH CORPHealthcare506.0K$36.3M2.2%-4.0%
SHW SHERWIN-WILLIAMS CO/THEConsumer discretionary110.0K$35.3M2.2%-1.8%
PG PROCTER & GAMBLE CO/THEOther232.9K$33.6M2.1%-12.3%
CMCSA COMCAST CORP-CLASS ACommunications1.1M$31.5M1.9%Held
RS RELIANCE INCConsumer discretionary96.0K$29.2M1.8%-2.3%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202644$1.63B canonicalSEC ↗
Q4 202513F-HRFeb 13, 202644$1.82B canonicalSEC ↗
Q3 202513F-HRNov 14, 202544$1.74B canonicalSEC ↗
Q2 202513F-HRAug 14, 202544$1.67B canonicalSEC ↗
Q1 202513F-HRMay 14, 202543$1.53B canonicalSEC ↗
Q4 202413F-HRFeb 14, 202540$1.74B canonicalSEC ↗
Q3 202413F-HRNov 14, 202436$1.78B canonicalSEC ↗
Q2 202413F-HRAug 14, 202438$1.69B canonicalSEC ↗
Q1 202413F-HRMay 14, 2024149$1.81B canonicalSEC ↗