SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Capco Asset Management, LLC

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

Reported Value
$298M
Q3 2022
Positions
20
Filings on Record
30
2019–present window
Filed
Nov 7, 2022
original filing

Summary

Capco Asset Management, LLC reported $298M in U.S.-listed holdings across 20 positions for Q3 2022.

Its largest position, PGR, represents 15.3% of the portfolio.

Compared with Q2 2022, the fund opened 0 new positions and exited 3.

Portfolio Metrics

Turnover
+2.1%
vs prior filed quarter
Top-10 Concentration
+89.9%
share of reported value
Largest Position
+15.3%
Progressive

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: 78.3%Other: 21.7%
  • Common Stock · 78.3% · $234M
  • Other · 21.7% · $65M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FDSFACTSET RESH SYS INCSOLD OUT−5250−$202,000$0
RGRSTURM RUGER & CO INCSOLD OUT−2.6K0−$165,000$0
COSTAR GROUP INCSOLD OUT−1.9K0−$115,000$0
COSTCO WHSL CORP NEWTRIMMED−85380−$44,000$179,000
ANHEUSER-BUSCH INBEV SA/NVTRIMMED−27.1K344.9K−$4M$16M
WBDWARNER BROS DISCOVERY INCHELD+116.7K2.59M−$3M$30M
MARMARRIOTT INTL INC NEWHELD+6.6K251.4K+$2M$35M
ETSY INCHELD−2.1K99.7K+$3M$10M

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

Holdings — Q3 2022

20 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PGRPROGRESSIVE CORPhistory →COM15.33%$46M393.6K
2MARMARRIOTT INTL INC NEWhistory →CL A11.81%$35M251.4K
3MSFTMICROSOFT CORPhistory →COM10.56%$31M135.2K
4MKLMARKEL CORPhistory →COM10.35%$31M28.5K
5WBDWARNER BROS DISCOVERY INChistory →COM SER A9.97%$30M2.59M
6CHARTER COMMUNICATIONS INC NCL A7.77%$23M76.4K
7LRCXEURLAM RESEARCH CORPhistory →COM6.98%$21M56.9K
8ADSKAUTODESK INChistory →COM6.64%$20M106.1K
9GOGO INCCOM5.26%$16M1.29M
10ANHEUSER-BUSCH INBEV SA/NVSPONSORED ADR5.22%$16M344.9K
11AMZNAMAZON COM INChistory →COM3.51%$10M92.8K
12ETSY INCCOM3.35%$10M99.7K
13ROPROPER TECHNOLOGIES INChistory →COM3.08%$9M25.6K
14LSTRLANDSTAR SYS INCCOM0.06%$188,0001.3K
15COSTCO WHSL CORP NEWCOM0.06%$179,000380
16PATRIOT TRANSN HLDG INCCOM0.05%$140,00017.8K
17BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.01%$27,000100
18FRP HLDGS INCCOM0.00%$5,000100
19AAPLAPPLE INCCOM0.00%$1,0008
20ACTIVISION 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 ↗.