SEC 13F Intelligence

Managers / Q3 2021 · view latest →

Capco Asset Management, LLC

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

Reported Value
$341M
Q3 2021
Positions
27
Filings on Record
30
2019–present window
Filed
Nov 12, 2021
original filing

Summary

Capco Asset Management, LLC reported $341M in U.S.-listed holdings across 27 positions for Q3 2021.

Its largest position, MAR, represents 12.4% of the portfolio.

Compared with Q2 2021, the fund opened 0 new positions and exited 1.

Portfolio Metrics

Turnover
+7.2%
vs prior filed quarter
Top-10 Concentration
+84.7%
share of reported value
Largest Position
+12.4%
Marriott Intl

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: 70.2%Other: 29.8%
  • Common Stock · 70.2% · $240M
  • Other · 29.8% · $102M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CENTENE CORP DELSOLD OUT−160−$1,000$0
MKLMARKEL CORPADDED+8.9K20.1K+$11M$24M
DISCOVERY INCADDED+446.0K1.09M+$8M$26M
RAVNRAVEN INDS INCTRIMMED−178.9K79.0K−$10M$5M
COSTCO WHSL CORP NEWADDED+187567+$105,000$255,000
ANHEUSER BUSCH INBEV SA/NVADDED+80.1K337.3K+$497,000$19M
MSFTMICROSOFT CORPTRIMMED−31.8K122.6K−$7M$35M
PATRIOT TRANSN HLDG INC COMHELD−1.7K42.5K−$15,000$485,000

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

Holdings — Q3 2021

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MARMARRIOTT INTL INC NEWhistory →CL A12.43%$42M286.5K
2CHARTER COMMUNICATIONS INC NCL A12.43%$42M58.3K
3PGRPROGRESSIVE CORPhistory →COM10.75%$37M405.9K
4MSFTMICROSOFT CORPhistory →COM10.13%$35M122.6K
5DISCOVERY INCCOM SER C7.73%$26M1.09M
6ADSKAUTODESK INChistory →COM7.24%$25M86.6K
7MKLMARKEL CORPhistory →COM7.04%$24M20.1K
8LRCXEURLAM RESEARCH CORPhistory →COM7.01%$24M42.0K
9ANHEUSER BUSCH INBEV SA/NVSPONSORED ADR5.57%$19M337.3K
10BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW4.34%$15M54.2K
11AMZNAMAZON COM INChistory →COM4.00%$14M4.2K
12ETSY INCCOM3.76%$13M61.7K
13ROPROPER TECHNOLOGIES INChistory →COM3.20%$11M24.5K
14RBAGBPRITCHIE BROS AUCTIONEERShistory →COM2.41%$8M133.5K
15RAVNRAVEN INDS INChistory →COM1.33%$5M79.0K
16PATRIOT TRANSN HLDG INC COMCOM0.14%$485,00042.5K
17COSTCO WHSL CORP NEWCOM0.07%$255,000567
18KMXCARMAX INCCOM0.06%$210,0001.6K
19FDSFACTSET RESH SYS INCCOM0.06%$207,000525
20LSTRLANDSTAR SYSTEM INCCOM0.06%$205,0001.3K
21AAPLAPPLE INCCOM0.06%$205,0001.4K
22RGRSTURM RUGER & CO INCCOM0.06%$192,0002.6K
23C H ROBINSON WORLDWIDE INCCOM NEW0.05%$165,0001.9K
24COSTAR GRP INCCOM0.05%$164,0001.9K
25SPDR S&P 500 ETF TRTR UNIT0.02%$75,000174
26FRP HLDGS INCCOM0.00%$6,000100
27ACTIVISION 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 ↗.