SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Capco Asset Management, LLC

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

Reported Value
$354M
Q4 2022
Positions
20
Filings on Record
30
2019–present window
Filed
Feb 13, 2023
original filing

Summary

Capco Asset Management, LLC reported $354M in U.S.-listed holdings across 20 positions for Q4 2022.

Its largest position, PGR, represents 15.6% of the portfolio.

The book was largely unchanged from Q3 2022.

Portfolio Metrics

Turnover
+1.3%
vs prior filed quarter
Top-10 Concentration
+90.5%
share of reported value
Largest Position
+15.6%
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: 76.0%Other: 24.0%
  • Common Stock · 76.0% · $269M
  • Other · 24.0% · $85M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ADSKAUTODESK INCADDED+14.0K120.1K+$3M$22M
WBDWARNER BROS DISCOVERY INCADDED+320.6K2.91M−$2M$28M
MSFTMICROSOFT CORPADDED+14.8K150.1K+$4M$36M
MARMARRIOTT INTL INC NEWADDED+23.9K275.4K+$6M$41M
CHARTER COMMUNICATIONS INC NADDED+7.1K83.5K+$5M$28M
GOGO INCADDED+119.5K1.41M+$5M$21M
ANHEUSER-BUSCH INBEV SA/NVADDED+31.5K376.4K+$7M$23M
MKLMARKEL CORPADDED+2.6K31.0K+$10M$41M

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

Holdings — Q4 2022

20 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PGRPROGRESSIVE CORPhistory →COM15.64%$55M426.8K
2MARMARRIOTT INTL INC NEWhistory →CL A11.58%$41M275.4K
3MKLMARKEL CORPhistory →COM11.56%$41M31.0K
4MSFTMICROSOFT CORPhistory →COM10.17%$36M150.1K
5CHARTER COMMUNICATIONS INC NCL A8.00%$28M83.5K
6WBDWARNER BROS DISCOVERY INChistory →COM SER A7.79%$28M2.91M
7LRCXEURLAM RESEARCH CORPhistory →COM7.15%$25M60.2K
8ANHEUSER-BUSCH INBEV SA/NVSPONSORED ADR6.38%$23M376.4K
9ADSKAUTODESK INChistory →COM6.34%$22M120.1K
10GOGO INCCOM5.89%$21M1.41M
11ETSY INCCOM3.67%$13M108.5K
12ROPROPER TECHNOLOGIES INChistory →COM3.30%$12M27.0K
13AMZNAMAZON COM INChistory →COM2.37%$8M99.8K
14LSTRLANDSTAR SYS INCCOM0.06%$211,7701.3K
15COSTCO WHSL CORP NEWCOM0.05%$173,470380
16PATRIOT TRANSN HLDG INCCOM0.04%$125,21117.8K
17BRK/BBERKSHIRE HATHAWAY INC DELCLASS B NEW0.01%$30,890100
18FRP HLDGS INCCOM0.00%$5,386100
19AAPLAPPLE INCCOM0.00%$1,0398
20ACTIVISION BLIZZARD INCCOM0.00%$771

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 ↗.