SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Capco Asset Management, LLC

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

Reported Value
$417M
Q4 2023
Positions
17
Filings on Record
30
2019–present window
Filed
Feb 7, 2024
original filing

Summary

Capco Asset Management, LLC reported $417M in U.S.-listed holdings across 17 positions for Q4 2023.

Its largest position, PGR, represents 15.5% of the portfolio.

Compared with Q3 2023, the fund opened 0 new positions and exited 3.

Portfolio Metrics

Turnover
+2.2%
vs prior filed quarter
Top-10 Concentration
+92.6%
share of reported value
Largest Position
+15.5%
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: 80.2%Other: 19.8%
  • Common Stock · 80.2% · $334M
  • Other · 19.8% · $82M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ETSY INCSOLD OUT−103.8K0−$7M$0
PATRIOT TRANSN HLDG INC COMSOLD OUT−15.6K0−$127,391$0
ACTIVISION BLIZZARD INCSOLD OUT−10−$94$0
GOGO INCADDED+263.6K1.62M+$227,270$16M
CHARTER COMMUNICATIONS INC NADDED+16.4K109.2K+$2M$42M
ADSKAUTODESK INCTRIMMED−17.2K98.6K+$45,601$24M
MKLMARKEL GROUP INCHELD−42228.9K−$2M$41M
WBDWARNER BROS DISCOVERY INCHELD+31.3K2.87M+$2M$33M

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

Holdings — Q4 2023

17 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PGRPROGRESSIVE CORPhistory →COM15.46%$64M404.4K
2MARMARRIOTT INTL INC NEWhistory →CL A14.04%$58M259.4K
3MSFTMICROSOFT CORPhistory →COM12.72%$53M141.0K
4CHARTER COMMUNICATIONS INC NCL A10.18%$42M109.2K
5MKLMARKEL GROUP INChistory →COM9.85%$41M28.9K
6WBDWARNER BROS DISCOVERY INChistory →COM SER A7.84%$33M2.87M
7LRCXEURLAM RESEARCH CORPhistory →COM7.02%$29M37.4K
8ADSKAUTODESK INChistory →COM5.76%$24M98.6K
9ANHEUSER BUSCH INBEV SA/NYSPONSORED ADR5.61%$23M361.8K
10AMZNAMAZON COM INChistory →COM4.08%$17M111.9K
11GOGO INCCOM3.94%$16M1.62M
12ROPROPER TECHNOLOGIES INChistory →COM3.35%$14M25.6K
13LSTRLANDSTAR SYS INCCOM0.06%$251,7451.3K
14COSTCO WHSL CORP NEWCOM0.06%$250,830380
15BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.01%$35,666100
16FRP HLDGS INCCOM0.00%$6,288100
17AAPLAPPLE INCCOM0.00%$1,5408

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 ↗.