Vantage Investment Partners, LLC
Long book
$1.45B
Q1 2026
Positions
64
Top-10 weight
42%
concentration
Last quarter
+12.8%
SPY +14.8%
Turnover
9%
of book per quarter
Strategy in plain words
auto-generated from filingsVantage Investment Partners, LLC is a diversified fundamental manager, running a $1.45B US long book across 64 positions.
The portfolio is moderately concentrated (top 10 ≈ 42% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ALPHABET INC-CL C, UNITEDHEALTH GROUP INC, WATSCO INC, EQT CORP, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 1.8pp per quarter behind the S&P 500, beating the index in 2 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
-0.9%
Q2 2024
+5.4%
Q3 2024
-2.7%
Q4 2024
-2.7%
Q1 2025
+6.1%
Q2 2025
+6.6%
Q3 2025
+2.6%
Q4 2025
-3.2%
Q1 2026
+12.8%
Sector allocation
Technology 30%
Consumer discretionary 17%
Industrials 17%
Financials 11%
Services media 8%
Energy 6%
Healthcare 5%
Materials 4%
Long book by quarter
What does Vantage Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOG ALPHABET INC-CL C | Technology | 367.4K | $105.4M | 7.3% | -0.4% |
| UNH UNITEDHEALTH GROUP INC | Financials | 301.2K | $81.5M | 5.6% | -2.3% |
| WSO WATSCO INC | Consumer discretionary | 171.9K | $62.5M | 4.3% | +3.4% |
| EQT EQT CORP | Energy | 927.0K | $59.0M | 4.1% | -13.8% |
| MSFT MICROSOFT CORP | Technology | 149.9K | $55.5M | 3.8% | +31.9% |
| NOC NORTHROP GRUMMAN CORP | Technology | 76.6K | $52.2M | 3.6% | -0.1% |
| WAB WABTEC CORP | Industrials | 205.1K | $51.3M | 3.5% | -23.3% |
| CPAY CORPAY INC | Services media | 171.6K | $49.9M | 3.4% | +2.7% |
| NVDA NVIDIA CORP | Technology | 279.4K | $48.7M | 3.4% | -0.1% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 34.7K | $45.8M | 3.2% | -34.5% |
| LLY ELI LILLY & CO | Healthcare | 47.9K | $44.1M | 3.0% | -7.6% |
| AAPL APPLE INC | Technology | 169.7K | $43.1M | 3.0% | -0.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 202.3K | $42.1M | 2.9% | -0.1% |
| ORLY O'REILLY AUTOMOTIVE INC | Consumer discretionary | 430.3K | $39.7M | 2.7% | 0.0% |
| META META PLATFORMS INC-CLASS A | Technology | 68.6K | $39.3M | 2.7% | +8.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 76.6K | $36.7M | 2.5% | +7.1% |
| CMG CHIPOTLE MEXICAN GRILL INC | Consumer discretionary | 1.1M | $34.9M | 2.4% | -17.4% |
| BKNG BOOKING HOLDINGS INC | Industrials | 8.0K | $33.7M | 2.3% | New |
| UBER UBER TECHNOLOGIES INC | Services media | 454.9K | $32.7M | 2.3% | New |
| IDXX IDEXX LABORATORIES INC | Materials | 54.1K | $30.4M | 2.1% | -0.1% |
| CAT CATERPILLAR INC | Industrials | 30.0K | $21.2M | 1.5% | -9.4% |
| SCCO SOUTHERN COPPER CORP | Materials | 115.0K | $19.8M | 1.4% | -9.5% |
| RTX RTX CORP | Industrials | 98.5K | $19.0M | 1.3% | -7.4% |
| CSCO CISCO SYSTEMS INC | Technology | 240.3K | $18.6M | 1.3% | -0.1% |
| FANG DIAMONDBACK ENERGY INC | Energy | 93.6K | $18.5M | 1.3% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 58.1K | $17.1M | 1.2% | -0.2% |
| AVGO BROADCOM INC | Technology | 54.5K | $16.9M | 1.2% | -0.2% |
| FAST FASTENAL CO | Consumer discretionary | 357.6K | $16.6M | 1.1% | -0.1% |
| LMT LOCKHEED MARTIN CORP | Industrials | 27.2K | $16.4M | 1.1% | -0.4% |
| HEI/A HEICO CORP-CLASS A | Industrials | 77.3K | $16.3M | 1.1% | +19.5% |
| NEE NEXTERA ENERGY INC | Utilities | 173.4K | $16.1M | 1.1% | -0.1% |
| ETN EATON CORP PLC | Industrials | 43.5K | $15.5M | 1.1% | New |
| MCD MCDONALD'S CORP | Consumer discretionary | 47.0K | $14.6M | 1.0% | -0.2% |
| BX BLACKSTONE INC | Financials | 127.1K | $14.6M | 1.0% | +38.9% |
| GOOGL ALPHABET INC-CL A | Technology | 46.3K | $13.3M | 0.9% | Held |
| LOW LOWE'S COS INC | Consumer discretionary | 56.0K | $13.2M | 0.9% | -0.2% |
| ZTS ZOETIS INC | Healthcare | 101.0K | $11.9M | 0.8% | +1.7% |
| NKE NIKE INC -CL B | Other | 194.6K | $10.3M | 0.7% | -66.6% |
| PAYX PAYCHEX INC | Services media | 106.0K | $9.8M | 0.7% | -0.2% |
| MPWR MONOLITHIC POWER SYSTEMS INC | Technology | 8.7K | $9.5M | 0.7% | -13.7% |
| HEI HEICO CORP | Industrials | 30.6K | $8.4M | 0.6% | -57.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 8.3K | $8.3M | 0.6% | -0.6% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 16.3K | $7.5M | 0.5% | -0.3% |
| SHW SHERWIN-WILLIAMS CO/THE | Consumer discretionary | 23.2K | $7.4M | 0.5% | -0.4% |
| V VISA INC-CLASS A SHARES | Services media | 24.3K | $7.4M | 0.5% | -0.2% |
| MA MASTERCARD INC - A | Services media | 14.4K | $7.2M | 0.5% | -0.1% |
| MKL MARKEL GROUP INC | Financials | 3.6K | $6.8M | 0.5% | +1.0% |
| NXPI NXP SEMICONDUCTORS NV | Technology | 34.1K | $6.7M | 0.5% | -0.2% |
| SPGI S&P GLOBAL INC | Services media | 14.4K | $6.1M | 0.4% | -0.1% |
| SNOW SNOWFLAKE INC | Technology | 37.1K | $5.6M | 0.4% | -0.1% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 1, 2026 | 64 | $1.45B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 62 | $1.50B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 30, 2025 | 62 | $1.46B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 22, 2025 | 65 | $1.37B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 22, 2025 | 64 | $1.19B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 22, 2025 | 62 | $1.15B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 5, 2024 | 63 | $1.19B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 29, 2024 | 62 | $1.10B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 30, 2024 | 62 | $1.12B | $K fixed canonical | SEC ↗ |
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