TCTC Holdings, LLC
Long book
$3.51B
Q1 2026
Positions
220
Top-10 weight
47%
concentration
Last quarter
+12.4%
SPY +14.8%
Turnover
65%
of book per quarter
Strategy in plain words
auto-generated from filingsTCTC Holdings, LLC is an institutional manager, running a $3.51B US long book across 220 positions.
The portfolio is moderately concentrated (top 10 ≈ 47% of the book). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: HF SINCLAIR CORP, MICROSOFT CORP, JPMORGAN CHASE & CO, BERKSHIRE HATHAWAY INC-CL B, WASTE MANAGEMENT INC.
Over the last 9 quarters its long book ran on average 1pp 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
-2.8%
Q2 2024
+2.0%
Q3 2024
-5.2%
Q4 2024
+1.8%
Q1 2025
+8.0%
Q2 2025
+9.4%
Q3 2025
-0.2%
Q4 2025
+5.5%
Q1 2026
+12.4%
Sector allocation
Energy 28%
Financials 22%
Technology 17%
Utilities 7%
Healthcare 7%
Industrials 4%
Consumer discretionary 4%
Services media 4%
Long book by quarter
What does TCTC Holdings, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| DINO HF SINCLAIR CORP | Energy | 12.3M | $769.3M | 21.9% | Held |
| MSFT MICROSOFT CORP | Technology | 340.1K | $125.9M | 3.6% | +1.4% |
| JPM JPMORGAN CHASE & CO | Financials | 388.1K | $114.2M | 3.2% | +0.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 234.1K | $112.2M | 3.2% | -0.3% |
| WM WASTE MANAGEMENT INC | Utilities | 457.5K | $105.1M | 3.0% | 0.0% |
| AFL AFLAC INC | Financials | 809.3K | $88.8M | 2.5% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 353.6K | $85.7M | 2.4% | 0.0% |
| CB CHUBB LTD | Financials | 240.7K | $78.5M | 2.2% | -0.2% |
| GOOG ALPHABET INC-CL C | Technology | 272.6K | $78.2M | 2.2% | -0.8% |
| AAPL APPLE INC | Technology | 303.9K | $77.1M | 2.2% | -1.4% |
| WMB WILLIAMS COS INC | Utilities | 886.4K | $64.5M | 1.8% | -0.7% |
| LIN LINDE PLC | Materials | 129.3K | $64.1M | 1.8% | -0.3% |
| UBER UBER TECHNOLOGIES INC | Services media | 862.7K | $62.1M | 1.8% | +0.5% |
| BAC BANK OF AMERICA CORP | Financials | 1.1M | $52.5M | 1.5% | -0.3% |
| RNR RENAISSANCERE HOLDINGS LTD | Financials | 150.0K | $44.6M | 1.3% | Held |
| FCX FREEPORT-MCMORAN INC | Materials | 753.0K | $44.3M | 1.3% | -0.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 191.8K | $39.9M | 1.1% | +0.4% |
| ORI OLD REPUBLIC INTL CORP | Financials | 979.2K | $39.1M | 1.1% | -0.3% |
| AON AON PLC-CLASS A | Financials | 120.0K | $38.7M | 1.1% | -0.1% |
| PSX PHILLIPS 66 | Energy | 202.5K | $36.9M | 1.1% | -2.6% |
| PFE PFIZER INC | Healthcare | 1.2M | $34.6M | 1.0% | -0.2% |
| QCOM QUALCOMM INC | Technology | 265.9K | $34.2M | 1.0% | +0.3% |
| WMT WALMART INC | Consumer discretionary | 262.0K | $32.6M | 0.9% | -1.0% |
| NEE NEXTERA ENERGY INC | Utilities | 349.7K | $32.5M | 0.9% | -0.5% |
| COP CONOCOPHILLIPS | Energy | 235.7K | $31.1M | 0.9% | -0.3% |
| PEP PEPSICO INC | Consumer staples | 199.0K | $30.9M | 0.9% | -0.2% |
| CFR CULLEN/FROST BANKERS INC | Financials | 219.9K | $30.1M | 0.9% | +0.9% |
| ABBV ABBVIE INC | Healthcare | 133.8K | $29.1M | 0.8% | -0.1% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 174.2K | $28.8M | 0.8% | -0.4% |
| LOW LOWE'S COS INC | Consumer discretionary | 117.4K | $27.7M | 0.8% | -0.9% |
| CSCO CISCO SYSTEMS INC | Technology | 357.1K | $27.7M | 0.8% | -0.1% |
| CVS CVS HEALTH CORP | Healthcare | 369.6K | $26.5M | 0.8% | +0.2% |
| MRK MERCK & CO. INC. | Healthcare | 206.5K | $24.8M | 0.7% | +2.3% |
| LVS LAS VEGAS SANDS CORP | Services media | 457.8K | $24.7M | 0.7% | +0.2% |
| OXY OCCIDENTAL PETROLEUM CORP | Energy | 376.7K | $24.5M | 0.7% | -5.0% |
| UNH UNITEDHEALTH GROUP INC | Financials | 88.3K | $23.9M | 0.7% | +0.6% |
| NVDA NVIDIA CORP | Technology | 135.8K | $23.7M | 0.7% | +0.7% |
| MO ALTRIA GROUP INC | Consumer staples | 357.3K | $23.6M | 0.7% | Held |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 388.2K | $23.5M | 0.7% | -0.1% |
| CRM SALESFORCE INC | Technology | 123.6K | $23.1M | 0.7% | -1.9% |
| RTX RTX CORP | Industrials | 114.9K | $22.2M | 0.6% | -0.4% |
| MPC MARATHON PETROLEUM CORP | Energy | 88.1K | $21.5M | 0.6% | -1.6% |
| INTC INTEL CORP | Technology | 480.2K | $21.2M | 0.6% | Held |
| EG EVEREST GROUP LTD | Financials | 60.8K | $19.9M | 0.6% | -0.5% |
| ACA ARCOSA INC | Industrials | 182.6K | $19.4M | 0.6% | -0.3% |
| BX BLACKSTONE INC | Financials | 167.2K | $19.2M | 0.5% | +603.7% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 365.4K | $18.3M | 0.5% | -0.4% |
| ADI ANALOG DEVICES INC | Technology | 53.6K | $17.1M | 0.5% | -1.5% |
| GE GENERAL ELECTRIC | Industrials | 60.1K | $17.0M | 0.5% | 0.0% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 178.8K | $16.8M | 0.5% | +1.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 325 | $3.51B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 766 | $3.35B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 7, 2025 | 759 | $3.37B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 802 | $3.11B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 841 | $2.84B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 870 | $2.78B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 1, 2024 | 677 | $2.95B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 6, 2024 | 690 | $2.91B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 9, 2024 | 687 | $3.01B | canonical | SEC ↗ |
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