Managers / Q2 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 $388M in U.S.-listed holdings across 20 positions for Q2 2023.
Its largest position, PGR, represents 13.9% of the portfolio.
The book was largely unchanged from Q1 2023.
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 · 77.6% · $302M
- Other · 22.4% · $87M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| LAM RESEARCH CORP | TRIMMED | −9.9K | 37.5K | −$1M | $24M |
| CHARTER COMMUNICATIONS INC N | ADDED | +12.4K | 92.9K | +$5M | $34M |
| PATRIOT TRANSN HLDG INC COM | TRIMMED | −2.2K | 15.6K | −$10,734 | $131,754 |
| AMZNAMAZON COM INC | HELD | −1.6K | 111.3K | +$3M | $15M |
| MSFTMICROSOFT CORP | HELD | −1.9K | 142.2K | +$7M | $48M |
| MARMARRIOTT INTL INC NEW | HELD | −2.0K | 262.7K | +$4M | $48M |
| ETSY INC | HELD | −789 | 103.8K | −$3M | $9M |
| MKLMARKEL GROUP INC | HELD | −219 | 29.3K | +$3M | $41M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | PGRPROGRESSIVE CORPhistory → | COM | 13.85% | $54M | 406.5K |
| 2 | MSFTMICROSOFT CORPhistory → | COM | 12.46% | $48M | 142.2K |
| 3 | MARMARRIOTT INTL INC NEWhistory → | CL A | 12.42% | $48M | 262.7K |
| 4 | MKLMARKEL GROUP INChistory → | COM | 10.43% | $41M | 29.3K |
| 5 | WBDWARNER BROS DISCOVERY INChistory → | COM SER A | 9.15% | $36M | 2.84M |
| 6 | CHARTER COMMUNICATIONS INC N | CL A | 8.79% | $34M | 92.9K |
| 7 | LAM RESEARCH CORP | COM | 6.21% | $24M | 37.5K |
| 8 | ADSKAUTODESK INChistory → | COM | 6.11% | $24M | 116.1K |
| 9 | GOGO INC | COM | 5.94% | $23M | 1.36M |
| 10 | ANHEUSER-BUSCH INBEV SA/NV | SPONSORED ADR | 5.28% | $21M | 361.8K |
| 11 | AMZNAMAZON COM INChistory → | COM | 3.73% | $15M | 111.3K |
| 12 | ROPROPER TECHNOLOGIES INChistory → | COM | 3.19% | $12M | 25.8K |
| 13 | ETSY INC | COM | 2.26% | $9M | 103.8K |
| 14 | LSTRLANDSTAR SYS INC | COM | 0.06% | $250,302 | 1.3K |
| 15 | COSTCO WHSL CORP NEW | COM | 0.05% | $204,584 | 380 |
| 16 | PATRIOT TRANSN HLDG INC COM | COM | 0.03% | $131,754 | 15.6K |
| 17 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.01% | $34,100 | 100 |
| 18 | FRP HLDGS INC | COM | 0.00% | $5,757 | 100 |
| 19 | AAPLAPPLE INC | COM | 0.00% | $1,552 | 8 |
| 20 | ACTIVISION BLIZZARD INC | COM | 0.00% | $84 | 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 ↗.