SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Capco Asset Management, LLC

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

Reported Value
$388M
Q1 2022
Positions
25
Filings on Record
30
2019–present window
Filed
May 6, 2022
original filing

Summary

Capco Asset Management, LLC reported $388M in U.S.-listed holdings across 25 positions for Q1 2022.

Its largest position, PGR, represents 12.1% of the portfolio.

Compared with Q4 2021, the fund opened 1 new position and exited 2.

Portfolio Metrics

Turnover
+7.6%
vs prior filed quarter
Top-10 Concentration
+90.6%
share of reported value
Largest Position
+12.1%
Progressive
New / Exited
1 / 2
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
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: 63.9%Other: 36.1%
  • Common Stock · 63.9% · $248M
  • Other · 36.1% · $140M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
GOGO INCNEW+1.26M1.26M+$24M$24M
META PLATFORMS INCADDED+3057+$4,000$13,000
KMXCARMAX INCSOLD OUT−1.6K0−$214,000$0
C H ROBINSON WORLDWIDE INCSOLD OUT−1.9K0−$204,000$0
BRK/BBERKSHIRE HATHAWAY INC DELTRIMMED−54.6K100−$16M$35,000
ADSKAUTODESK INCADDED+46.3K112.2K+$6M$24M
LRCXEURLAM RESEARCH CORPADDED+13.4K55.8K−$466,000$30M
MKLMARKEL CORPADDED+4.5K27.8K+$12M$41M

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

Holdings — Q1 2022

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PGRPROGRESSIVE CORPhistory →COM12.05%$47M409.9K
2DISCOVERY INCCOM SER C11.76%$46M1.83M
3MARMARRIOTT INTL INC NEWhistory →CL A10.65%$41M234.9K
4MKLMARKEL CORPhistory →COM10.58%$41M27.8K
5CHARTER COMMUNICATIONS INC NCL A10.54%$41M74.9K
6MSFTMICROSOFT CORPhistory →COM9.59%$37M120.6K
7LRCXEURLAM RESEARCH CORPhistory →COM7.74%$30M55.8K
8ADSKAUTODESK INChistory →COM6.20%$24M112.2K
9GOGO INCCOM6.18%$24M1.26M
10ANHEUSER BUSCH INBEV SA/NVSPONSORED ADR5.31%$21M342.8K
11AMZNAMAZON COM INChistory →COM3.68%$14M4.4K
12ROPROPER TECHNOLOGIES INChistory →COM3.15%$12M25.9K
13ETSY INCCOM2.09%$8M65.2K
14PATRIOT TRANSN HLDG INCCOM0.09%$339,00042.5K
15COSTCO WHSL CORP NEWCOM0.08%$327,000567
16AAPLAPPLE INCCOM0.07%$253,0001.4K
17FDSFACTSET RESH SYS INCCOM0.06%$228,000525
18LSTRLANDSTAR SYS INCCOM0.05%$196,0001.3K
19RGRSTURM RUGER & CO INCCOM0.05%$181,0002.6K
20RBAGBPRITCHIE BROS AUCTIONEERSCOM0.04%$166,0002.8K
21COSTAR GROUP INCCOM0.03%$127,0001.9K
22BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.01%$35,000100
23META PLATFORMS INCCL A0.00%$13,00057
24FRP HLDGS INCCOM0.00%$6,000100
25ACTIVISION 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 ↗.