STEGINSKY CAPITAL LLC

Fundamental diversified ★Signal CIK 1120048
Long book
$605.1M
Q1 2026
Positions
8
Top-10 weight
100%
concentration
Last quarter
+8.8%
SPY +14.8%
Turnover
0%
of book per quarter

Strategy in plain words

auto-generated from filings

STEGINSKY CAPITAL LLC is a diversified fundamental manager, running a $605.1M US long book across 8 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ALPHABET INC-CL C, COSTCO WHOLESALE CORP, MARKEL GROUP INC, FASTENAL CO, MARTIN MARIETTA MATERIALS.

Over the last 9 quarters its long book ran on average 0.4pp per quarter ahead of the S&P 500, beating the index in 6 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
+5.2%
Q2 2024
+1.0%
Q3 2024
+5.4%
Q4 2024
-1.5%
Q1 2025
+7.9%
Q2 2025
+11.4%
Q3 2025
+6.8%
Q4 2025
-0.9%
Q1 2026
+8.8%

Sector allocation

Consumer discretionary
35%
Technology
33%
Financials
20%
Materials
12%

Long book by quarter

$415.3M
Q1 2024
$435.3M
Q2 2024
$440.6M
Q3 2024
$466.9M
Q4 2024
$447.2M
Q1 2025
$489.1M
Q2 2025
$544.6M
Q3 2025
$593.4M
Q4 2025
$605.1M
Q1 2026

What does STEGINSKY CAPITAL own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
GOOG ALPHABET INC-CL CTechnology684.1K$196.3M32.4%+1.7%
COST COSTCO WHOLESALE CORPConsumer discretionary135.4K$134.9M22.3%+2.4%
MKL MARKEL GROUP INCFinancials42.9K$82.0M13.6%+4.6%
FAST FASTENAL COConsumer discretionary1.6M$76.0M12.6%+2.7%
MLM MARTIN MARIETTA MATERIALSMaterials128.3K$75.6M12.5%+7.3%
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials74.6K$35.7M5.9%+5.7%
GOOGL ALPHABET INC-CL ATechnology13.1K$3.8M0.6%+0.2%
BRK/A BERKSHIRE HATHAWAY INC-CL AFinancials1$718K0.1%-66.7%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 4, 20268$605.1M $K fixed canonicalSEC ↗
Q4 202513F-HRFeb 5, 20268$593.4M $K fixed canonicalSEC ↗
Q3 202513F-HRNov 13, 20258$544.6M $K fixed canonicalSEC ↗
Q2 202513F-HRAug 12, 20258$489.1M $K fixed canonicalSEC ↗
Q1 202513F-HRMay 15, 20257$447.2M $K fixed canonicalSEC ↗
Q4 202413F-HRFeb 11, 20257$466.9M $K fixed canonicalSEC ↗
Q3 202413F-HRNov 12, 20247$440.6M $K fixed canonicalSEC ↗
Q2 202413F-HRAug 14, 20247$435.3M $K fixed canonicalSEC ↗
Q1 202413F-HRMay 13, 20247$415.3M $K fixed canonicalSEC ↗