SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Capco Asset Management, LLC

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

Reported Value
$475M
Q2 2025
Positions
27
Filings on Record
30
2019–present window
Filed
Aug 8, 2025
original filing

Summary

Capco Asset Management, LLC reported $475M in U.S.-listed holdings across 27 positions for Q2 2025.

Its largest position, MAR, represents 14.2% of the portfolio.

Compared with Q1 2025, the fund opened 9 new positions and exited 0.

Portfolio Metrics

Turnover
+4.0%
vs prior filed quarter
Top-10 Concentration
+90.5%
share of reported value
Largest Position
+14.2%
Marriott Intl

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: 76.1%Other: 23.9%ADR: 0.0%
  • Common Stock · 76.1% · $362M
  • Other · 23.9% · $114M
  • ADR · 0.0% · $81,536

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
METAMETA PLATFORMS INCNEW+144144+$106,285$106,285
CERTARA INCNEW+8.9K8.9K+$103,685$103,685
WORKDAY INCNEW+400400+$96,000$96,000
GOOGALPHABET INCNEW+500500+$88,695$88,695
MONDAY COM LTDNEW+265265+$83,337$83,337
TSMTAIWAN SEMICONDUCTOR MFG LTDNEW+360360+$81,536$81,536
WDCWESTERN DIGITAL CORPNEW+1.3K1.3K+$79,988$79,988
FIXCOMFORT SYSTEMS USA INCNEW+145145+$77,750$77,750

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

Holdings — Q2 2025

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MARMARRIOTT INTL INC NEWhistory →CL A14.17%$67M246.5K
2MKLMARKEL GROUP INChistory →COM11.36%$54M27.0K
3PGRPROGRESSIVE CORPhistory →COM11.29%$54M201.1K
4MSFTMICROSOFT CORPhistory →COM10.23%$49M97.7K
5GOGO INCCOM9.13%$43M2.96M
6CHARTER COMMUNICATIONS INC NCL A8.81%$42M102.5K
7WBDWARNER BROS DISCOVERY INChistory →COM SER A7.09%$34M2.94M
8AMZNAMAZON COM INChistory →COM6.58%$31M142.5K
9ADSKAUTODESK INChistory →COM5.99%$28M91.9K
10ANHEUSER BUSCH INBEV SA/NVSPONSORED ADR5.83%$28M403.0K
11LRCXLAM RESEARCH CORPhistory →COM NEW5.10%$24M249.3K
12ROPROPER TECHNOLOGIES INChistory →COM4.14%$20M34.7K
13COSTCO WHSL CORP NEWCOM0.08%$376,177380
14LSTRLANDSTAR SYS INCCOM0.04%$180,7261.3K
15METAMETA PLATFORMS INCCL A0.02%$106,285144
16CERTARA INCCOM0.02%$103,6858.9K
17WORKDAY INCCL A0.02%$96,000400
18GOOGALPHABET INCCAP STK CL C0.02%$88,695500
19MONDAY COM LTDSHS0.02%$83,337265
20TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.02%$81,536360
21WDCWESTERN DIGITAL CORPCOM0.02%$79,9881.3K
22FIXCOMFORT SYSTEMS USA INCCOM0.02%$77,750145
23SPDR S&P 500 ETF TRTR UNIT0.01%$69,817113
24BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.01%$48,577100
25TEAM1EURATLASSIAN CORPORATIONCL A0.01%$25,386125
26FRP HLDGS INCCOM0.00%$5,378200
27AAPLAPPLE INCCOM0.00%$1,6418

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 ↗.