SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Capco Asset Management, LLC

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

Reported Value
$409M
Q4 2025
Positions
28
Filings on Record
30
2019–present window
Filed
Feb 6, 2026
original filing

Summary

Capco Asset Management, LLC reported $409M in U.S.-listed holdings across 28 positions for Q4 2025.

Its largest position, MAR, represents 18.0% of the portfolio.

Compared with Q3 2025, the fund opened 2 new positions and exited 1.

Portfolio Metrics

Turnover
+10.2%
vs prior filed quarter
Top-10 Concentration
+91.9%
share of reported value
Largest Position
+18.0%
Marriott Intl
New / Exited
2 / 1
positions this quarter

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: 89.6%Other: 10.4%ADR: 0.0%
  • Common Stock · 89.6% · $366M
  • Other · 10.4% · $43M
  • ADR · 0.0% · $112,135

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LBRDKLIBERTY BROADBAND CORPNEW+331.2K331.2K+$16M$16M
DHRDANAHER CORPORATIONNEW+150150+$34,338$34,338
WBDWARNER BROS DISCOVERY INCSOLD OUT−1.16M0−$23M$0
MONDAY COM LTDADDED+256577+$22,968$85,142
CHARTER COMMUNICATIONS INC NTRIMMED−55.9K45.0K−$18M$9M
WDCWESTERN DIGITAL CORPTRIMMED−469391−$35,894$67,358
WORKDAY INCTRIMMED−214186−$56,343$39,949
CERTARA INCADDED+3.4K11.5K+$2,036$101,042

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

Holdings — Q4 2025

28 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MARMARRIOTT INTL INC NEWhistory →CL A18.01%$74M237.4K
2MKLMARKEL GROUP INChistory →COM13.72%$56M26.1K
3ROPROPER TECHNOLOGIES INChistory →COM11.99%$49M110.1K
4PGRPROGRESSIVE CORPhistory →COM10.81%$44M194.2K
5MSFTMICROSOFT CORPhistory →COM8.35%$34M70.6K
6AMZNAMAZON COM INChistory →COM7.75%$32M137.3K
7ADSKAUTODESK INChistory →COM6.40%$26M88.3K
8LRCXLAM RESEARCH CORPhistory →COM NEW6.26%$26M149.6K
9ANHEUSER BUSCH INBEV SA/NVSPONSORED ADR4.72%$19M301.1K
10LBRDKLIBERTY BROADBAND CORPhistory →COM SER C3.94%$16M331.2K
11GOGO INCCOM3.25%$13M2.85M
12CHARTER COMMUNICATIONS INC NCL A2.30%$9M45.0K
13TEAM1EURATLASSIAN CORPORATIONhistory →CL A2.19%$9M55.1K
14COSTCO WHSL CORP NEWCOM0.08%$327,689380
15LSTRLANDSTAR SYS INCCOM0.05%$186,8101.3K
16TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.03%$112,135369
17CERTARA INCCOM0.02%$101,04211.5K
18FIXCOMFORT SYSTEMS USA INCCOM0.02%$100,795108
19MONDAY COM LTDSHS0.02%$85,142577
20GOOGALPHABET INCCAP STK CL C0.02%$81,588260
21SPDR S&P 500 ETF TRTR UNIT0.02%$77,057113
22WDCWESTERN DIGITAL CORPCOM0.02%$67,358391
23METAMETA PLATFORMS INCCL A0.01%$54,12782
24BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.01%$50,265100
25WORKDAY INCCL A0.01%$39,949186
26DHRDANAHER CORPORATIONCOM0.01%$34,338150
27FRP HLDGS INCCOM0.00%$4,558200
28AAPLAPPLE INCCOM0.00%$1,0874

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 ↗.