Managers / Q4 2025 · view latest →
Zuckerman Investment Group, LLC
CIK 0001423296 · 155 NORTH WACKER DRIVE, SUITE 1700, CHICAGO, IL, 60606 · 312-948-8000
Reported Value
$1.1B
Q4 2025
Positions
137
Filings on Record
30
2019–present window
Filed
Feb 13, 2026
original filing
Summary
Zuckerman Investment Group, LLC reported $1.1B in U.S.-listed holdings across 137 positions for Q4 2025.
Its largest position, VRT, represents 9.4% of the portfolio.
Compared with Q3 2025, the fund opened 12 new positions and exited 33.
Portfolio Metrics
Turnover
+6.4%
vs prior filed quarter
Top-10 Concentration
+39.1%
share of reported value
Largest Position
+9.4%
Vertiv
New / Exited
12 / 33
positions this quarter
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
13F Reported Value
Portfolio Composition
By security type
- Common Stock · 75.5% · $845M
- ETP · 15.5% · $173M
- Other · 8.5% · $96M
- US DOMESTIC · 0.3% · $4M
- ADR · 0.1% · $2M
- Other · 0.0% · $195,600
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| PGPROCTER AND GAMBLE CO | NEW | +51.4K | 51.4K | +$7M | $7M |
| ACHRARCHER AVIATION INC | NEW | +112.2K | 112.2K | +$843,864 | $843,864 |
| BARON ETF TR | NEW | +30.7K | 30.7K | +$770,714 | $770,714 |
| ASML HOLDING N V | NEW | +404 | 404 | +$432,223 | $432,223 |
| SLVISHARES SILVER TR | NEW | +4.5K | 4.5K | +$287,056 | $287,056 |
| CDNLCARDINAL INFRASTRUCTURE GROU | NEW | +10.0K | 10.0K | +$241,800 | $241,800 |
| COFCAPITAL ONE FINL CORP | NEW | +976 | 976 | +$236,543 | $236,543 |
| FBTCFIDELITY WISE ORIGIN BITCOIN | NEW | +3.0K | 3.0K | +$231,968 | $231,968 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
47 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VRTVERTIV HOLDINGS COhistory → | COM CL A | 9.35% | $105M | 646.5K |
| 2 | ULTAULTA BEAUTY INChistory → | COM | 5.72% | $64M | 105.9K |
| 3 | GOOGLALPHABET INChistory → | CAP STK CL A | 4.47% | $50M | 160.1K |
| 4 | BRK/BBERKSHIRE HATHAWAY INC DELhistory → | CL B NEW · CL A | 4.01% | $45M | 57.8K |
| 5 | MCKMCKESSON CORPhistory → | COM | 3.52% | $39M | 48.0K |
| 6 | MSFTMICROSOFT CORPhistory → | COM | 2.98% | $33M | 69.0K |
| 7 | GPGICOMPOSECURE INChistory → | COM CL A | 2.75% | $31M | 1.60M |
| 8 | VANGUARD INDEX FDS | S&P 500 ETF SHS · MID CAP ETF | 2.72% | $30M | 71.4K |
| 9 | ABBVABBVIE INChistory → | COM | 2.62% | $29M | 128.5K |
| 10 | KKRKKR & CO INChistory → | COM | 2.58% | $29M | 226.8K |
| 11 | ICON PLC | SHS | 2.53% | $28M | 155.6K |
| 12 | VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 2.48% | $28M | 517.6K |
| 13 | METAMETA PLATFORMS INChistory → | CL A | 2.38% | $27M | 40.4K |
| 14 | AAPLAPPLE INChistory → | COM | 2.35% | $26M | 96.7K |
| 15 | VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 2.32% | $26M | 415.2K |
| 16 | RHLDRESOLUTE HLDGS MGMT INChistory → | COM | 2.26% | $25M | 122.5K |
| 17 | PENTAIR PLC | SHS | 2.19% | $25M | 235.8K |
| 18 | DKSDICKS SPORTING GOODS INChistory → | COM | 2.16% | $24M | 122.3K |
| 19 | AEBI SCHMIDT HLDG AG | COM | 2.10% | $24M | 1.86M |
| 20 | CSWCSW INDUSTRIALS INChistory → | COM | 2.09% | $23M | 79.9K |
| 21 | AMZNAMAZON COM INChistory → | COM | 2.00% | $22M | 97.2K |
| 22 | HSICHENRY SCHEIN INChistory → | COM | 1.94% | $22M | 287.8K |
| 23 | AVTRAVANTOR INChistory → | COM | 1.79% | $20M | 1.75M |
| 24 | JPMJPMORGAN CHASE & CO.history → | COM | 1.75% | $20M | 61.0K |
| 25 | PGRPROGRESSIVE CORPhistory → | COM | 1.73% | $19M | 85.0K |
| 26 | CRMSALESFORCE INChistory → | COM | 1.64% | $18M | 69.5K |
| 27 | ISHARES TR | RUS 1000 GRW ETF · CORE S&P US VLU | 1.61% | $18M | 103.1K |
| 28 | KVUEKENVUE INChistory → | COM | 1.44% | $16M | 936.1K |
| 29 | CHEWY INC | CL A | 1.39% | $16M | 471.6K |
| 30 | LULULULULEMON ATHLETICA INChistory → | COM | 1.39% | $16M | 74.8K |
| 31 | ABTABBOTT LABShistory → | COM | 1.37% | $15M | 122.2K |
| 32 | VDEVANGUARD WORLD FDhistory → | ENERGY ETF | 1.32% | $15M | 117.4K |
| 33 | DISDISNEY WALT COhistory → | COM | 1.26% | $14M | 123.7K |
| 34 | VANECK ETF TRUST | OIL SERVICES ETF | 1.18% | $13M | 46.5K |
| 35 | BCOBRINKS COhistory → | COM | 1.12% | $13M | 107.9K |
| 36 | SITESITEONE LANDSCAPE SUPPLY INChistory → | COM | 1.09% | $12M | 98.2K |
| 37 | ADBEADOBE INChistory → | COM | 0.94% | $11M | 30.2K |
| 38 | VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 0.92% | $10M | 103.3K |
| 39 | XLFSELECT SECTOR SPDR TR | STATE STREET FIN | 0.83% | $9M | 169.7K |
| 40 | PTLOPORTILLOS INC | COM CL A | 0.80% | $9M | 1.96M |
| 41 | PGPROCTER AND GAMBLE CO | COM | 0.66% | $7M | 51.4K |
| 42 | NDQINVESCO QQQ TR | UNIT SER 1 | 0.51% | $6M | 9.2K |
| 43 | PLTRPALANTIR TECHNOLOGIES INC | CL A | 0.35% | $4M | 22.1K |
| 44 | BLOCK INC | NOTE 0.250%11/0 | 0.33% | $4M | 4.09M |
| 45 | VVISA INC | COM CL A | 0.28% | $3M | 9.1K |
| 46 | ISHARES INC | CORE MSCI EMKT | 0.27% | $3M | 45.3K |
| 47 | PEPPEPSICO INC | COM | 0.26% | $3M | 20.6K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $1.1B | 136 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $1.1B | 137 | Feb 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $1.1B | 158 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $1.0B | 155 | Aug 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $933M | 164 | May 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $1.0B | 153 | Feb 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $973M | 145 | Nov 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $865M | 147 | Aug 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $882M | 147 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $774M | 131 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $699M | 133 | Nov 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $699M | 123 | Aug 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $658M | 122 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $633M | 133 | Feb 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $533M | 117 | Nov 7, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $550M | 112 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $620M | 114 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $645M | 116 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $604M | 113 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $634M | 114 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $609M | 109 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $543M | 88 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $451M | 81 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $422M | 79 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $343M | 69 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $479M | 67 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $424M | 66 | Nov 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $452M | 65 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $423M | 63 | May 13, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $360M | 59 | Feb 13, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.