SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Capco Asset Management, LLC

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

Reported Value
$331M
Q2 2022
Positions
23
Filings on Record
30
2019–present window
Filed
Aug 8, 2022
original filing

Summary

Capco Asset Management, LLC reported $331M in U.S.-listed holdings across 23 positions for Q2 2022.

Its largest position, PGR, represents 13.9% of the portfolio.

Compared with Q1 2022, the fund opened 1 new position and exited 3.

Portfolio Metrics

Turnover
+9.2%
vs prior filed quarter
Top-10 Concentration
+91.4%
share of reported value
Largest Position
+13.9%
Progressive
New / Exited
1 / 3
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: 74.5%Other: 25.5%
  • Common Stock · 74.5% · $247M
  • Other · 25.5% · $84M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WBDWARNER BROS DISCOVERY INCNEW+2.47M2.47M+$33M$33M
AMZNAMAZON COM INCADDED+88.1K92.5K−$4M$10M
DISCOVERY INCSOLD OUT−1.83M0−$46M$0
RBAGBPRITCHIE BROS AUCTIONEERSSOLD OUT−2.8K0−$166,000$0
META PLATFORMS INCSOLD OUT−570−$13,000$0
AAPLAPPLE INCTRIMMED−1.4K8−$252,000$1,000
PATRIOT TRANSN HLDG INC COMTRIMMED−24.7K17.8K−$206,000$133,000
ETSY INCADDED+36.5K101.8K−$656,000$7M

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

Holdings — Q2 2022

23 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PGRPROGRESSIVE CORPhistory →COM13.90%$46M396.2K
2MKLMARKEL CORPhistory →COM11.06%$37M28.3K
3CHARTER COMMUNICATIONS INC NCL A10.76%$36M76.1K
4MSFTMICROSOFT CORPhistory →COM10.47%$35M135.1K
5MARMARRIOTT INTL INC NEWhistory →CL A10.05%$33M244.9K
6WBDWARNER BROS DISCOVERY INChistory →COM SER A10.00%$33M2.47M
7LRCXEURLAM RESEARCH CORPhistory →COM7.28%$24M56.6K
8GOGO INCCOM6.29%$21M1.29M
9ANHEUSER-BUSCH INBEV SA/NVSPONSORED ADR6.06%$20M372.0K
10ADSKAUTODESK INChistory →COM5.55%$18M107.0K
11ROPROPER TECHNOLOGIES INChistory →COM3.03%$10M25.5K
12AMZNAMAZON COM INChistory →COM2.97%$10M92.5K
13ETSY INCCOM2.25%$7M101.8K
14COSTCO WHSL CORP NEWCOM0.07%$223,000465
15FDSFACTSET RESH SYS INCCOM0.06%$202,000525
16LSTRLANDSTAR SYS INCCOM0.06%$189,0001.3K
17RGRSTURM RUGER & CO INCCOM0.05%$165,0002.6K
18PATRIOT TRANSN HLDG INC COMCOM0.04%$133,00017.8K
19COSTAR GROUP INCCOM0.03%$115,0001.9K
20BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.01%$27,000100
21FRP HLDGS INC COMCOM0.00%$6,000100
22AAPLAPPLE INCCOM0.00%$1,0008
23ACTIVISION 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 ↗.