SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Capco Asset Management, LLC

CIK 0001698068 · 101 E. KENNEDY BOULEVARD, SUITE 1425, TAMPA, FL, 33602 · 813-805-0777

Reported Value
$341M
Q2 2021
Positions
28
Filings on Record
30
2019–present window
Filed
Aug 9, 2021
original filing

Summary

Capco Asset Management, LLC reported $341M in U.S.-listed holdings across 28 positions for Q2 2021.

Its largest position, MSFT, represents 12.3% of the portfolio.

Compared with Q1 2021, the fund opened 3 new positions and exited 0.

Portfolio Metrics

Turnover
+6.7%
vs prior filed quarter
Top-10 Concentration
+82.1%
share of reported value
Largest Position
+12.3%
Microsoft

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
Q4 ’18: $152MQ4 ’18Q1 ’19: $173MQ2 ’19: $181MQ3 ’19: $201MQ4 ’19: $221MQ4 ’19Q1 ’20: $211MQ2 ’20: $233MQ3 ’20: $252MQ4 ’20: $290MQ4 ’20Q1 ’21: $296MQ2 ’21: $341MQ3 ’21: $341MQ4 ’21: $363MQ4 ’21Q1 ’22: $388MQ2 ’22: $331MQ3 ’22: $298MQ4 ’22: $354MQ4 ’22Q1 ’23: $382MQ2 ’23: $388MQ3 ’23: $386MQ4 ’23: $417MQ4 ’23Q1 ’24: $417MQ2 ’24: $423MQ3 ’24: $433MQ4 ’24: $445MQ4 ’24Q1 ’25: $423MQ2 ’25: $475MQ3 ’25: $429MQ4 ’25: $409MQ4 ’25Q1 ’26: $367Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 73.0%Other: 27.0%
  • Common Stock · 73.0% · $249M
  • Other · 27.0% · $92M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DISCOVERY INCNEW+641.6K641.6K+$19M$19M
MKLMARKEL CORPNEW+11.2K11.2K+$13M$13M
ETSY INCNEW+61.2K61.2K+$13M$13M
COSTAR GROUP INCADDED+1.7K1.9K+$1,000$157,000
ACTIVISION BLIZZARD INCTRIMMED−831−$8,000$0
RAVNRAVEN INDS INCTRIMMED−376.5K257.9K−$9M$15M
BRK/BBERKSHIRE HATHAWAY INC DELTRIMMED−38.1K53.0K−$9M$15M
MSFTMICROSOFT CORPHELD−6.0K154.4K+$4M$42M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2021

28 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMICROSOFT CORPhistory →COM12.26%$42M154.4K
2CHARTER COMMUNICATIONS INC NCL A12.10%$41M57.3K
3PGRPROGRESSIVE CORPhistory →COM11.75%$40M408.5K
4MARMARRIOTT INTL INC NEWhistory →CL A11.41%$39M285.4K
5LRCXEURLAM RESEARCH CORPhistory →COM7.90%$27M41.5K
6ADSKAUTODESK INChistory →COM7.16%$24M83.7K
7DISCOVERY INCCOM SER C5.45%$19M641.6K
8ANHEUSER BUSCH INBEV SA/NVSPONSORED ADR5.43%$19M257.2K
9RAVNRAVEN INDS INChistory →COM4.37%$15M257.9K
10BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW4.31%$15M53.0K
11AMZNAMAZON COM INChistory →COM4.07%$14M4.0K
12MKLMARKEL CORPhistory →COM3.90%$13M11.2K
13ETSY INCCOM3.69%$13M61.2K
14ROPROPER TECHNOLOGIES INChistory →COM3.28%$11M23.8K
15RBAGBPRITCHIE BROS AUCTIONEERShistory →COM2.31%$8M133.1K
16PATRIOT TRANSN HLDG INCCOM0.15%$500,00044.2K
17RGRSTURM RUGER & CO INCCOM0.07%$234,0002.6K
18KMXCARMAX INCCOM0.06%$212,0001.6K
19LSTRLANDSTAR SYS INCCOM0.06%$205,0001.3K
20AAPLAPPLE INCCOM0.06%$198,0001.4K
21C H ROBINSON WORLDWIDE INCCOM NEW0.05%$178,0001.9K
22FDSFACTSET RESH SYS INCCOM0.05%$176,000525
23COSTAR GROUP INCCOM0.05%$157,0001.9K
24COSTCO WHSL CORP NEWCOM0.04%$150,000380
25SPDR S&P 500 ETF TRTR UNIT0.02%$74,000174
26FRP HLDGS INCCOM0.00%$6,000100
27CENTENE CORP DELCOM0.00%$1,00016
28ACTIVISION BLIZZARD INCCOM0.00%$01

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$367M27May 8, 202613F-HRchanges · EDGAR ↗
Q4 2025$409M28Feb 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$429M27Nov 12, 202513F-HRchanges · EDGAR ↗
Q2 2025$475M27Aug 8, 202513F-HRchanges · EDGAR ↗
Q1 2025$423M18May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$445M18Feb 11, 202513F-HRchanges · EDGAR ↗
Q3 2024$433M18Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$423M18Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$417M18May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$417M17Feb 7, 202413F-HRchanges · EDGAR ↗
Q3 2023$386M20Nov 3, 202313F-HRchanges · EDGAR ↗
Q2 2023$388M20Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$382M20May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$354M20Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$298M20Nov 7, 202213F-HRchanges · EDGAR ↗
Q2 2022$331M23Aug 8, 202213F-HRchanges · EDGAR ↗
Q1 2022$388M25May 6, 202213F-HRchanges · EDGAR ↗
Q4 2021$363M26Feb 7, 202213F-HRchanges · EDGAR ↗
Q3 2021$341M27Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$341M28Aug 9, 202113F-HRchanges · EDGAR ↗
Q1 2021$296M25May 7, 202113F-HRchanges · EDGAR ↗
Q4 2020$290M25Feb 4, 202113F-HRchanges · EDGAR ↗
Q3 2020$252M23Nov 5, 202013F-HRchanges · EDGAR ↗
Q2 2020$233M22Aug 6, 202013F-HRchanges · EDGAR ↗
Q1 2020$211M22May 5, 202013F-HRchanges · EDGAR ↗
Q4 2019$221M21Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$201M22Nov 6, 201913F-HRchanges · EDGAR ↗
Q2 2019$181M20Aug 8, 201913F-HRchanges · EDGAR ↗
Q1 2019$173M22May 3, 201913F-HRchanges · EDGAR ↗
Q4 2018$152M21Feb 6, 201913F-HRchanges · 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 ↗.