Managers / Q4 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 $445M in U.S.-listed holdings across 18 positions for Q4 2024.
Its largest position, PGR, represents 17.5% of the portfolio.
The book was largely unchanged from Q3 2024.
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 · 81.6% · $363M
- Other · 18.4% · $82M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| LRCXLAM RESEARCH CORP | ADDED | +230.0K | 256.0K | −$3M | $18M |
| GOGO INC | ADDED | +544.2K | 3.01M | +$7M | $24M |
| CHARTER COMMUNICATIONS INC N | HELD | −2.4K | 106.1K | +$1M | $36M |
| MKLMARKEL GROUP INC | HELD | −502 | 28.0K | +$4M | $48M |
| MSFTMICROSOFT CORP | HELD | −1.6K | 102.6K | −$2M | $43M |
| PGRPROGRESSIVE CORP | HELD | −5.1K | 325.4K | −$6M | $78M |
| AMZNAMAZON COM INC | HELD | −2.3K | 144.0K | +$4M | $32M |
| ANHEUSER-BUSCH INBEV SA/NV | HELD | −6.5K | 416.7K | −$7M | $21M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | PGRPROGRESSIVE CORPhistory → | COM | 17.53% | $78M | 325.4K |
| 2 | MARMARRIOTT INTL INC NEWhistory → | CL A | 15.85% | $71M | 252.9K |
| 3 | MKLMARKEL GROUP INChistory → | COM | 10.87% | $48M | 28.0K |
| 4 | MSFTMICROSOFT CORPhistory → | COM | 9.72% | $43M | 102.6K |
| 5 | CHARTER COMMUNICATIONS INC N | CL A | 8.17% | $36M | 106.1K |
| 6 | WBDWARNER BROS DISCOVERY INChistory → | COM SER A | 7.13% | $32M | 3.00M |
| 7 | AMZNAMAZON COM INChistory → | COM | 7.10% | $32M | 144.0K |
| 8 | ADSKAUTODESK INChistory → | COM | 6.31% | $28M | 95.0K |
| 9 | GOGO INC | COM | 5.47% | $24M | 3.01M |
| 10 | ANHEUSER-BUSCH INBEV SA/NV | SPONSORED ADR | 4.69% | $21M | 416.7K |
| 11 | LRCXLAM RESEARCH CORPhistory → | COM NEW | 4.16% | $18M | 256.0K |
| 12 | ROPROPER TECHNOLOGIES INChistory → | COM | 2.86% | $13M | 24.4K |
| 13 | COSTCO WHSL CORP NEW | COM | 0.08% | $348,183 | 380 |
| 14 | LSTRLANDSTAR SYS INC | COM | 0.05% | $223,418 | 1.3K |
| 15 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.01% | $45,328 | 100 |
| 16 | SPDR S&P 500 ETF TR | TR UNIT | 0.00% | $12,894 | 22 |
| 17 | FRP HLDGS INC | COM | 0.00% | $6,126 | 200 |
| 18 | AAPLAPPLE INC | COM | 0.00% | $2,003 | 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 ↗.