St. James Investment Company, LLC
Long book
$638.4M
Q1 2026
Positions
22
Top-10 weight
80%
concentration
Last quarter
+0.5%
SPY +14.8%
Turnover
32%
of book per quarter
Strategy in plain words
auto-generated from filingsSt. James Investment Company, LLC is an institutional manager, running a $638.4M US long book across 22 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: GOLDMAN SACHS ACCESS TREASUR, BERKSHIRE HATHAWAY INC-CL B, FRANCO-NEVADA CORP, LOEWS CORP, UNILEVER PLC-SPONSORED ADR.
Over the last 9 quarters its long book ran on average 1.3pp per quarter behind the S&P 500, beating the index in 3 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
-1.4%
Q2 2024
+10.0%
Q3 2024
-2.6%
Q4 2024
+9.2%
Q1 2025
+0.5%
Q2 2025
+6.6%
Q3 2025
+0.3%
Q4 2025
+5.9%
Q1 2026
+0.5%
Sector allocation
Financials 32%
Materials 22%
Industrials 13%
Utilities 8%
Communications 7%
Energy 6%
Healthcare 6%
Consumer discretionary 3%
Long book by quarter
What does St. James own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 141.2K | $67.7M | 10.6% | -0.5% |
| FNV FRANCO-NEVADA CORP | Materials | 214.2K | $52.9M | 8.3% | -0.5% |
| L LOEWS CORP | Financials | 453.6K | $48.4M | 7.6% | -0.6% |
| OKE ONEOK INC | Utilities | 356.0K | $32.2M | 5.0% | +2.3% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 585.2K | $29.4M | 4.6% | +24.3% |
| AEM AGNICO EAGLE MINES LTD | Materials | 141.0K | $28.6M | 4.5% | -41.4% |
| EOG EOG RESOURCES INC | Energy | 183.5K | $26.5M | 4.2% | +14.6% |
| MDT MEDTRONIC PLC | Healthcare | 305.0K | $26.4M | 4.1% | -0.1% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 100.5K | $22.7M | 3.6% | +4.1% |
| TRV TRAVELERS COS INC/THE | Financials | 67.9K | $19.8M | 3.1% | -23.9% |
| IEX IDEX CORP | Industrials | 88.1K | $16.7M | 2.6% | +53.4% |
| EMR EMERSON ELECTRIC CO | Industrials | 123.9K | $16.2M | 2.5% | +0.1% |
| SYY SYSCO CORP | Consumer discretionary | 164.4K | $11.7M | 1.8% | -4.1% |
| HUBB HUBBELL INC | Technology | 23.0K | $11.3M | 1.8% | +0.5% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 35.8K | $10.4M | 1.6% | +4.7% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 22 | $638.4M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 4, 2026 | 30 | $623.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 29, 2025 | 30 | $636.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 30, 2025 | 31 | $619.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 28, 2025 | 29 | $599.8M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 29 | $579.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 12, 2024 | 27 | $592.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 23, 2024 | 25 | $571.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 25 | $613.2M | canonical | SEC ↗ |
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