SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Capco Asset Management, LLC

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

Reported Value
$429M
Q3 2025
Positions
27
Filings on Record
30
2019–present window
Filed
Nov 12, 2025
original filing

Summary

Capco Asset Management, LLC reported $429M in U.S.-listed holdings across 27 positions for Q3 2025.

Its largest position, MAR, represents 14.7% of the portfolio.

The book was largely unchanged from Q2 2025.

Portfolio Metrics

Turnover
+7.8%
vs prior filed quarter
Top-10 Concentration
+88.6%
share of reported value
Largest Position
+14.7%
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: 83.3%Other: 16.7%ADR: 0.0%
  • Common Stock · 83.3% · $357M
  • Other · 16.7% · $72M
  • ADR · 0.0% · $79,598

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TEAM1EURATLASSIAN CORPORATIONADDED+55.2K55.3K+$9M$9M
ROPROPER TECHNOLOGIES INCADDED+57.5K92.3K+$26M$46M
WBDWARNER BROS DISCOVERY INCTRIMMED−1.78M1.16M−$11M$23M
AAPLAPPLE INCTRIMMED−44−$622$1,019
GOOGALPHABET INCTRIMMED−240260−$25,372$63,323
METAMETA PLATFORMS INCTRIMMED−6975−$51,206$55,079
LRCXLAM RESEARCH CORPTRIMMED−97.1K152.2K−$4M$20M
WDCWESTERN DIGITAL CORPTRIMMED−390860+$23,264$103,252

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

Holdings — Q3 2025

27 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MARMARRIOTT INTL INC NEWhistory →CL A14.68%$63M241.7K
2MKLMARKEL GROUP INChistory →COM11.83%$51M26.6K
3PGRPROGRESSIVE CORPhistory →COM11.35%$49M197.1K
4ROPROPER TECHNOLOGIES INChistory →COM10.73%$46M92.3K
5MSFTMICROSOFT CORPhistory →COM8.68%$37M71.8K
6AMZNAMAZON COM INChistory →COM7.14%$31M139.5K
7ADSKAUTODESK INChistory →COM6.66%$29M89.9K
8CHARTER COMMUNICATIONS INC NCL A6.47%$28M100.9K
9GOGO INCCOM5.80%$25M2.89M
10WBDWARNER BROS DISCOVERY INChistory →COM SER A5.28%$23M1.16M
11LRCXLAM RESEARCH CORPhistory →COM NEW4.75%$20M152.2K
12ANHEUSER BUSCH INBEV SA/NVSPONSORED ADR4.26%$18M306.6K
13TEAM1EURATLASSIAN CORPORATIONhistory →CL A2.06%$9M55.3K
14COSTCO WHSL CORP NEWCOM0.08%$351,739380
15LSTRLANDSTAR SYS INCCOM0.04%$159,3281.3K
16WDCWESTERN DIGITAL CORPCOM0.02%$103,252860
17CERTARA INCCOM0.02%$99,0068.1K
18WORKDAY INCCL A0.02%$96,292400
19FIXCOMFORT SYS USA INCCOM0.02%$89,119108
20TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.02%$79,598285
21SPDR S&P 500 ETF TRTR UNIT0.02%$75,278113
22GOOGALPHABET INCCAP STK CL C0.01%$63,323260
23MONDAY COM LTDSHS0.01%$62,174321
24METAMETA PLATFORMS INCCL A0.01%$55,07975
25BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.01%$50,274100
26FRP HLDGS INCCOM0.00%$4,872200
27AAPLAPPLE INCCOM0.00%$1,0194

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 ↗.