Managers / Q3 2025 · view latest →
Hall Kathryn A.
CIK 0001512944
Summary
Hall Kathryn A. reported $186M in U.S.-listed holdings across 21 positions for Q3 2025.
The portfolio is heavily concentrated: GAP alone accounts for 39.1% of reported value.
Compared with Q2 2025, the fund opened 2 new positions and exited 1.
Portfolio Metrics
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 94.8% · $176M
- Tracking Stk · 5.2% · $10M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| GLIBKGCI LIBERTY INC | NEW | +16.8K | 16.8K | +$626,248 | $626,248 |
| GLIBAGCI LIBERTY INC | NEW | +5.1K | 5.1K | +$190,517 | $190,517 |
| SUNRISE COMMUNICATIONS AG | SOLD OUT | −64.8K | 0 | −$4M | $0 |
| LEVILEVI STRAUSS & CO NEW | HELD | +0 | 2.16M | +$10M | $50M |
| LBRDKLIBERTY BROADBAND CORP | HELD | +0 | 84.0K | −$3M | $5M |
| WBDWARNER BROS DISCOVERY INC | HELD | +0 | 273.0K | +$2M | $5M |
| CMCSACOMCAST CORP NEW | HELD | +0 | 344.3K | −$1M | $11M |
| GAPGAP INC | HELD | +0 | 3.39M | −$1M | $72M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | GAPGAP INChistory → | COM | 39.08% | $72M | 3.39M |
| 2 | LEVILEVI STRAUSS & CO NEWhistory → | CL A COM STK | 27.13% | $50M | 2.16M |
| 3 | TAT&T INChistory → | COM | 8.24% | $15M | 541.4K |
| 4 | CMCSACOMCAST CORP NEWhistory → | CL A | 5.83% | $11M | 344.3K |
| 5 | FWONKLIBERTY MEDIA CORP DEL | COM LBTY LIV S C · COM LBTY LIV S A · COM LBTY ONE S C | 5.18% | $10M | 98.3K |
| 6 | LBRDKLIBERTY BROADBAND CORP | COM SER C · COM SER A | 3.74% | $7M | 109.4K |
| 7 | SIRISIRIUSXM HOLDINGS INChistory → | COMMON STOCK | 3.29% | $6M | 262.0K |
| 8 | WBDWARNER BROS DISCOVERY INChistory → | COM SER A | 2.87% | $5M | 273.0K |
| 9 | LBTYBLIBERTY GLOBAL LTD | COM CL C · COM CL A | 2.04% | $4M | 324.1K |
| 10 | EXPEEXPEDIA GROUP INChistory → | COM NEW | 1.40% | $3M | 12.2K |
| 11 | GLIBKGCI LIBERTY INC | COM SER C · COM SER A | 0.44% | $816,765 | 21.9K |
| 12 | BRK/ABERKSHIRE HATHAWAY INC DEL | CL A | 0.41% | $754,200 | 1 |
| 13 | DISDISNEY WALT CO | COM | 0.28% | $515,708 | 4.5K |
| 14 | QVCAQQVC GROUP INC | COM SER A NEW | 0.06% | $106,301 | 7.9K |
| 15 | BATRKATLANTA BRAVES HLDGS INC | COM SER C | 0.01% | $23,207 | 558 |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $0 | 1 | May 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $0 | 1 | Feb 11, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $186M | 21 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $180M | 20 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $167M | 19 | May 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $178M | 21 | Feb 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $477M | 49 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $433M | 50 | Aug 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $434M | 54 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $354M | 51 | Feb 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $295M | 51 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $307M | 51 | Aug 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $341M | 59 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $243M | 50 | Feb 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $241M | 53 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $274M | 54 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $332M | 53 | May 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $433M | 54 | Feb 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $331M | 55 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $315M | 55 | Aug 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $305M | 56 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $287M | 56 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $211M | 49 | Nov 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $174M | 41 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $120M | 37 | Aug 25, 2020 | RESTATEMENT | changes · EDGAR ↗ |
| Q4 2019 | $161M | 31 | Feb 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $123M | 35 | Apr 20, 2021 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2019 | $125M | 35 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $148M | 32 | Aug 6, 2019 | RESTATEMENT | 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 ↗.