Managers / Q2 2019
Lourd Capital, LLC
CIK 0001568190 · 9777 WILSHIRE BLVD, SUITE 1018, BEVERLY HILLS, CA, 90212 · 310-300-9897
Summary
Lourd Capital, LLC reported $1.1B in U.S.-listed holdings across 127 positions for Q2 2019.
The portfolio is heavily concentrated: BRK/A alone accounts for 62.0% of reported value.
Compared with Q1 2019, the fund opened 7 new positions and exited 3.
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. 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 · 87.9% · $947M
- ETP · 11.6% · $125M
- Other · 0.3% · $4M
- ADR · 0.1% · $609,000
- Closed-End Fund · 0.0% · $505,000
- Other · 0.0% · $417,000
Quarter-over-Quarter Changes full breakdown →
vs Q1 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ELLAUDER ESTEE COS INC | NEW | +1.3K | 1.3K | +$237,000 | $237,000 |
| FISFIDELITY NATL INFORMATION SV | NEW | +1.9K | 1.9K | +$228,000 | $228,000 |
| ACCENTURE PLC IRELAND | NEW | +1.2K | 1.2K | +$216,000 | $216,000 |
| PYPLPAYPAL HLDGS INC | NEW | +1.9K | 1.9K | +$216,000 | $216,000 |
| FIZZNATIONAL BEVERAGE CORP | NEW | +4.6K | 4.6K | +$207,000 | $207,000 |
| WMTWALMART INC | NEW | +1.9K | 1.9K | +$206,000 | $206,000 |
| MITSUBISHI UFJ FINL GROUP IN | NEW | +11.7K | 11.7K | +$56,000 | $56,000 |
| WFCWELLS FARGO CO NEW | ADDED | +144.6K | 178.3K | +$7M | $8M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BRK/ABERKSHIRE HATHAWAY INC DEL | CL A · CL B NEW | 71.16% | $767M | 464.0K |
| 2 | VANGUARD INDEX FDS | SM CP VAL ETF · REAL ESTATE ETF · TOTAL STK MKT | 9.22% | $99M | 885.7K |
| 3 | BACBANK AMER CORPhistory → | COM | 3.22% | $35M | 1.20M |
| 4 | COSTCOSTCO WHSL CORP NEWhistory → | COM | 2.62% | $28M | 106.8K |
| 5 | EXMOCEXXON MOBIL CORPhistory → | COM | 1.76% | $19M | 247.2K |
| 6 | CHVCHEVRON CORP NEW | COM | 0.93% | $10M | 80.2K |
| 7 | DJCODAILY JOURNAL CORP | COM | 0.91% | $10M | 41.3K |
| 8 | WFCWELLS FARGO CO NEW | COM | 0.78% | $8M | 178.3K |
| 9 | ISHARES TR | RUSSELL 2000 ETF · CORE S&P500 ETF · TIPS BD ETF · EAFE SML CP ETF · MSCI EAFE ETF | 0.66% | $7M | 65.5K |
| 10 | IBMINTERNATIONAL BUSINESS MACHS | COM | 0.57% | $6M | 44.3K |
| 11 | AAPLAPPLE INC | COM | 0.54% | $6M | 29.6K |
| 12 | JP MORGAN EXCHANGE TRADED FD | BETBULD MSCI | 0.50% | $5M | 63.6K |
| 13 | IACIEURIAC INTERACTIVECORP | COM | 0.44% | $5M | 21.6K |
| 14 | MDYSPDR S&P MIDCAP 400 ETF TR | UTSER1 S&PDCRP | 0.40% | $4M | 12.0K |
| 15 | MSFTMICROSOFT CORP | COM | 0.34% | $4M | 27.5K |
| 16 | AMZNAMAZON COM INC | COM | 0.26% | $3M | 1.5K |
| 17 | VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 0.24% | $3M | 24.6K |
| 18 | AXPAMERICAN EXPRESS CO | COM | 0.22% | $2M | 19.5K |
| 19 | SPOTIFY TECHNOLOGY S A | SHS | 0.20% | $2M | 15.0K |
| 20 | GOOGALPHABET INC | CAP STK CL C · CAP STK CL A | 0.20% | $2M | 2.0K |
| 21 | PGPROCTER AND GAMBLE CO | COM | 0.19% | $2M | 18.6K |
| 22 | METAFACEBOOK INC | CL A | 0.14% | $2M | 8.1K |
| 23 | MAMASTERCARD INC | CL A | 0.14% | $2M | 5.8K |
| 24 | DISDISNEY WALT CO | COM DISNEY | 0.14% | $1M | 10.7K |
| 25 | JNJJOHNSON & JOHNSON | COM | 0.14% | $1M | 10.5K |
| 26 | KOCOCA COLA CO | COM | 0.13% | $1M | 28.6K |
| 27 | PFEPFIZER INC | COM | 0.13% | $1M | 32.8K |
| 28 | JWNUSDNORDSTROM INC | COM | 0.12% | $1M | 39.6K |
| 29 | JPMJPMORGAN CHASE & CO | COM | 0.11% | $1M | 11.1K |
| 30 | 9990302DAPACHE CORP | COM | 0.10% | $1M | 37.6K |
| 31 | CSCOCISCO SYS INC | COM | 0.10% | $1M | 18.8K |
| 32 | SPDR S&P 500 ETF TR | TR UNIT | 0.09% | $1M | 3.4K |
| 33 | AYAEURSTARS GROUP INC | COM | 0.09% | $945,000 | 55.4K |
| 34 | IDXXIDEXX LABS INC | COM | 0.09% | $921,000 | 3.3K |
| 35 | HSYHERSHEY CO | COM | 0.08% | $909,000 | 6.8K |
| 36 | VVISA INC | COM CL A | 0.08% | $907,000 | 5.2K |
| 37 | ADPAUTOMATIC DATA PROCESSING IN | COM | 0.08% | $883,000 | 5.3K |
| 38 | SPDR SERIES TRUST | NUVEEN BLMBRG SR | 0.08% | $827,000 | 16.9K |
| 39 | MMM3M CO | COM | 0.08% | $823,000 | 4.8K |
| 40 | ICEINTERCONTINENTAL EXCHANGE IN | COM | 0.08% | $822,000 | 9.6K |
| 41 | BABOEING CO | COM | 0.07% | $749,000 | 2.1K |
| 42 | GENERAL ELECTRIC CO | COM | 0.07% | $735,000 | 70.0K |
Filing History
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 ↗.