Managers / Q1 2023 · view latest →
Capco Asset Management, LLC
CIK 0001698068 · 101 E. KENNEDY BOULEVARD, SUITE 1425, TAMPA, FL, 33602 · 813-805-0777
Summary
Capco Asset Management, LLC reported $382M in U.S.-listed holdings across 20 positions for Q1 2023.
Its largest position, PGR, represents 15.3% of the portfolio.
The book was largely unchanged from Q4 2022.
Portfolio Metrics
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 77.8% · $297M
- Other · 22.2% · $85M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| LRCXEURLAM RESEARCH CORP | TRIMMED | −12.8K | 47.5K | −$163,722 | $25M |
| AMZNAMAZON COM INC | ADDED | +13.1K | 112.9K | +$3M | $12M |
| MKLMARKEL CORP | HELD | −1.5K | 29.5K | −$3M | $38M |
| PGRPROGRESSIVE CORP | HELD | −18.0K | 408.8K | +$3M | $58M |
| MSFTMICROSOFT CORP | HELD | −6.0K | 144.1K | +$6M | $42M |
| ROPROPER TECHNOLOGIES INC | HELD | −1.1K | 26.0K | −$233,182 | $11M |
| MARMARRIOTT INT INC NEW | HELD | −10.6K | 264.7K | +$3M | $44M |
| ETSY INC | HELD | −4.0K | 104.5K | −$1M | $12M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | PGRPROGRESSIVE CORPhistory → | COM | 15.29% | $58M | 408.8K |
| 2 | MARMARRIOTT INT INC NEWhistory → | CL A | 11.50% | $44M | 264.7K |
| 3 | WBDWARNER BROS DISCOVERY INChistory → | COM SER A | 11.25% | $43M | 2.85M |
| 4 | MSFTMICROSOFT CORPhistory → | COM | 10.86% | $42M | 144.1K |
| 5 | MKLMARKEL CORPhistory → | COM | 9.86% | $38M | 29.5K |
| 6 | CHARTER COMMUNICATIONS INC N | CL A | 7.54% | $29M | 80.6K |
| 7 | LRCXEURLAM RESEARCH CORPhistory → | COM | 6.58% | $25M | 47.5K |
| 8 | ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 6.36% | $24M | 364.4K |
| 9 | ADSKAUTODESK INChistory → | COM | 6.35% | $24M | 116.6K |
| 10 | GOGO INC | COM | 5.17% | $20M | 1.36M |
| 11 | AMZNAMAZON COM INChistory → | COM | 3.05% | $12M | 112.9K |
| 12 | ETSY INC | COM | 3.04% | $12M | 104.5K |
| 13 | ROPROPER TECHNOLOGIES INChistory → | COM | 2.99% | $11M | 26.0K |
| 14 | LSTRLANDSTAR SYS INC | COM | 0.06% | $233,038 | 1.3K |
| 15 | COSTCO WHSL CORP NEW | COM | 0.05% | $188,811 | 380 |
| 16 | PATRIOT TRANSN HLDG INC | COM | 0.04% | $142,488 | 17.8K |
| 17 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.01% | $30,877 | 100 |
| 18 | FRP HLDGS INC | COM | 0.00% | $5,788 | 100 |
| 19 | AAPLAPPLE INC | COM | 0.00% | $1,319 | 8 |
| 20 | ACTIVISION BLIZZARD INC | COM | 0.00% | $86 | 1 |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $367M | 27 | May 8, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $409M | 28 | Feb 6, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $429M | 27 | Nov 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $475M | 27 | Aug 8, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $423M | 18 | May 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $445M | 18 | Feb 11, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $433M | 18 | Nov 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $423M | 18 | Aug 12, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $417M | 18 | May 10, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $417M | 17 | Feb 7, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $386M | 20 | Nov 3, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $388M | 20 | Aug 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $382M | 20 | May 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $354M | 20 | Feb 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $298M | 20 | Nov 7, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $331M | 23 | Aug 8, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $388M | 25 | May 6, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $363M | 26 | Feb 7, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $341M | 27 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $341M | 28 | Aug 9, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $296M | 25 | May 7, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $290M | 25 | Feb 4, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $252M | 23 | Nov 5, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $233M | 22 | Aug 6, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $211M | 22 | May 5, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $221M | 21 | Feb 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $201M | 22 | Nov 6, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $181M | 20 | Aug 8, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $173M | 22 | May 3, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $152M | 21 | Feb 6, 2019 | 13F-HR | changes · 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 ↗.