Managers / Q1 2024 · 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 $417M in U.S.-listed holdings across 18 positions for Q1 2024.
Its largest position, PGR, represents 16.3% of the portfolio.
Compared with Q4 2023, the fund opened 1 new position and exited 0.
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. 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 · 81.2% · $338M
- Other · 18.8% · $78M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SPDR S&P 500 ETF TR | NEW | +14 | 14 | +$7,323 | $7,323 |
| GOGO INC | ADDED | +817.0K | 2.44M | +$5M | $21M |
| LRCXEURLAM RESEARCH CORP | TRIMMED | −11.5K | 25.9K | −$4M | $25M |
| AMZNAMAZON.COM INC | ADDED | +33.0K | 145.0K | +$9M | $26M |
| MSFTMICROSOFT CORP | TRIMMED | −37.3K | 103.7K | −$9M | $44M |
| WBDWARNER BROS DISCOVERY INC | ADDED | +549.8K | 3.42M | −$3M | $30M |
| PGRPROGRESSIVE CORP | TRIMMED | −75.5K | 328.9K | +$4M | $68M |
| ANHEUSER BUSCH INBEV SA/NV | ADDED | +57.8K | 419.6K | +$2M | $26M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | PGRPROGRESSIVE CORPhistory → | COM | 16.32% | $68M | 328.9K |
| 2 | MARMARRIOTT INTL INC NEWhistory → | CCL A | 15.23% | $63M | 251.6K |
| 3 | MSFTMICROSOFT CORPhistory → | COM | 10.47% | $44M | 103.7K |
| 4 | MKLMARKEL GROUP INChistory → | COM | 10.34% | $43M | 28.3K |
| 5 | CHARTER COMMUNICATIONS INC N | CL A | 7.50% | $31M | 107.5K |
| 6 | WBDWARNER BROS DISCOVERY INChistory → | COM SER A | 7.17% | $30M | 3.42M |
| 7 | AMZNAMAZON.COM INChistory → | COM | 6.27% | $26M | 145.0K |
| 8 | ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 6.12% | $26M | 419.6K |
| 9 | LRCXEURLAM RESEARCH CORPhistory → | COM | 6.03% | $25M | 25.9K |
| 10 | ADSKAUTODESK INChistory → | COM | 5.97% | $25M | 95.6K |
| 11 | GOGO INC | COM | 5.14% | $21M | 2.44M |
| 12 | ROPROPER TECHNOLOGIES INChistory → | COM | 3.32% | $14M | 24.7K |
| 13 | COSTCO WHSL CORP NEW | COM | 0.07% | $278,399 | 380 |
| 14 | LSTRLANDSTAR SYS INC | COM | 0.06% | $250,588 | 1.3K |
| 15 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.01% | $42,052 | 100 |
| 16 | SPDR S&P 500 ETF TR | TR UNIT | 0.00% | $7,323 | 14 |
| 17 | FRP HLDGS INC | COM | 0.00% | $6,140 | 100 |
| 18 | AAPLAPPLE INC | COM | 0.00% | $1,372 | 8 |
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 ↗.