WITTENBERG INVESTMENT MANAGEMENT, INC.

Fundamental diversified ★Signal CIK 1697790
League rank
#444
in Fundamental diversified · #2636 overall
Long book
$269.0M
Q1 2026
Positions
74
Top-10 weight
69%
concentration
Last quarter
+13.0%
SPY +14.8%
Turnover
15%
of book per quarter

Strategy in plain words

auto-generated from filings

WITTENBERG INVESTMENT MANAGEMENT, INC. is a diversified fundamental manager, running a $269.0M US long book across 74 positions.

The portfolio is concentrated: the top 10 names carry 69% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: BERKSHIRE HATHAWAY INC-CL B, APPLE INC, SIRIUS XM HOLDINGS INC, ALPHABET INC-CL C, ALPHABET INC-CL A.

Over the last 9 quarters its long book ran on average 1pp per quarter ahead of the S&P 500, beating the index in 7 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
+5.0%
Q2 2024
+6.9%
Q3 2024
+4.8%
Q4 2024
-0.3%
Q1 2025
+3.2%
Q2 2025
+12.9%
Q3 2025
+6.0%
Q4 2025
-2.4%
Q1 2026
+13.0%

Sector allocation

Technology
32%
Communications
29%
Financials
24%
Services media
6%
Industrials
3%
Energy
2%
Consumer discretionary
1%
Healthcare
1%

Long book by quarter

$293.4M
Q1 2024
$293.5M
Q2 2024
$311.5M
Q3 2024
$254.7M
Q4 2024
$221.8M
Q1 2025
$229.0M
Q2 2025
$252.0M
Q3 2025
$260.7M
Q4 2025
$269.0M
Q1 2026

What does WITTENBERG INVESTMENT own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
BRK/B BERKSHIRE HATHAWAY INC-CL BFinancials101.5K$48.6M18.1%-0.6%
AAPL APPLE INCTechnology102.8K$26.1M9.7%-1.8%
SIRI SIRIUS XM HOLDINGS INCCommunications1.1M$25.6M9.5%+1.4%
GOOG ALPHABET INC-CL CTechnology82.1K$23.5M8.7%-3.7%
GOOGL ALPHABET INC-CL ATechnology66.6K$19.2M7.1%-2.1%
WBD WARNER BROS DISCOVERY INCCommunications540.4K$14.8M5.5%Held
SSP EW SCRIPPS CO/THE-ACommunications2.4M$8.8M3.3%+1.8%
LBRDA LIBERTY BROADBAND-ACommunications124.6K$6.3M2.3%+38.4%
TRIP TRIPADVISOR INCTechnology585.3K$6.2M2.3%+243.8%
JPM JPMORGAN CHASE & COFinancials20.6K$6.1M2.2%-0.5%
VSNT VERSANT MEDIA GROUP INCCommunications135.9K$5.0M1.9%New
TDW TIDEWATER INCIndustrials56.0K$4.7M1.7%-15.5%
PAR PAR TECHNOLOGY CORP/DELTechnology341.9K$4.6M1.7%New
MSFT MICROSOFT CORPTechnology11.7K$4.3M1.6%Held
LILA LIBERTY LATIN AMERIC-CL ACommunications500.5K$4.3M1.6%+0.1%
LLYVA LIBERTY LIVE HOLDINGS-AServices media46.5K$4.3M1.6%New
THRY THRYV HOLDINGS INCServices media1.1M$3.0M1.1%+178.9%
LYV LIVE NATION ENTERTAINMENT INServices media18.7K$2.9M1.1%Held
LILAK LIBERTY LATIN AMERIC-CL CCommunications293.7K$2.6M1.0%-2.0%
APA APA CORPEnergy60.0K$2.5M0.9%Held
LBTYA LIBERTY GLOBAL LTD-ACommunications203.4K$2.5M0.9%+7.0%
OXY OCCIDENTAL PETROLEUM CORPEnergy34.7K$2.3M0.8%Held
BAC BANK OF AMERICA CORPFinancials45.2K$2.2M0.8%-5.2%
CABO CABLE ONE INCCommunications23.5K$2.1M0.8%+45.1%
NN NEXTNAV INCTechnology128.3K$2.1M0.8%+6.0%
PSMT PRICESMART INCConsumer discretionary12.7K$1.9M0.7%-4.8%
MRNA MODERNA INCHealthcare33.5K$1.7M0.6%Held
PHIN PHINIA INCIndustrials23.0K$1.6M0.6%-2.1%
JEF JEFFERIES FINANCIAL GROUP INFinancials37.1K$1.5M0.6%Held
GS GOLDMAN SACHS GROUP INCFinancials1.8K$1.5M0.6%Held
LBRDK LIBERTY BROADBAND-CCommunications29.3K$1.5M0.5%-0.6%
NFLX NETFLIX INCServices media14.3K$1.4M0.5%-1.7%
WFC 7.5 PERP L WELLS FARGO & COMPANY1.2K$1.3M0.5%Held
FWONA LIBERTY MEDIA CORP-FORMULA-ACommunications16.3K$1.3M0.5%-0.5%
SPOT SPOTIFY TECHNOLOGY SACommunications2.5K$1.2M0.5%Held
LLYVK LIBERTY LIVE HOLDINGS-CServices media12.9K$1.2M0.4%New
LMB LIMBACH HOLDINGS INCIndustrials14.6K$1.1M0.4%Held
BATRK ATLANTA BRAVES HOLDINGS IN-CServices media26.6K$1.1M0.4%-0.5%
LFCR LIFECORE BIOMEDICAL INCHealthcare301.8K$1.1M0.4%+1289.4%
RDI READING INTERNATIONAL INC-AServices media986.1K$1.1M0.4%-0.6%
PDLB PONCE FINANCIAL GROUP INCFinancials64.2K$1.1M0.4%Held
CTGO CONTANGO SILVER & GOLD INCMaterials52.8K$990K0.4%+41.2%
WFC WELLS FARGO & COFinancials11.3K$901K0.3%-0.9%
FWONK LIBERTY MEDIA CORP-FORMULA-CCommunications8.5K$723K0.3%-0.6%
G8L GREENLIGHT CAPITAL RE LTD-A34.4K$595K0.2%-9.5%
AXP AMERICAN EXPRESS COFinancials1.9K$575K0.2%Held
AMZN AMAZON.COM INCConsumer discretionary102.8K$560K0.2%+3719.3%
HGV HILTON GRAND VACATIONS INCServices media14.0K$548K0.2%Held
GLIBK LIBERTY CAPITAL CORP-CL CCommunications14.4K$534K0.2%-0.2%
FPH FIVE POINT HOLDINGS LLC-CL AReal estate107.5K$520K0.2%+44.5%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202674$269.0M canonicalSEC ↗
Q4 202513F-HRFeb 13, 202672$260.7M canonicalSEC ↗
Q3 202513F-HRNov 13, 202575$252.0M canonicalSEC ↗
Q2 202513F-HRAug 11, 202576$229.0M canonicalSEC ↗
Q1 202513F-HRMay 12, 202574$221.8M canonicalSEC ↗
Q4 202413F-HRFeb 13, 202574$254.7M canonicalSEC ↗
Q3 202413F-HRNov 13, 202480$311.5M canonicalSEC ↗
Q2 202413F-HRAug 14, 202481$293.5M canonicalSEC ↗
Q1 202413F-HRMay 3, 202482$293.4M canonicalSEC ↗