SEC 13F Intelligence

Managers / Q4 2023 · view latest →

Centerstone Investors, LLC

CIK 0001766788 · 228 PARK AVENUE S., SUITE 75938, NEW YORK, NY, 10003 · 212-503-5789

Reported Value
$98M
Q4 2023
Positions
24
Filings on Record
31
2019–present window
Filed
Feb 14, 2024
original filing

Summary

Centerstone Investors, LLC reported $98M in U.S.-listed holdings across 24 positions for Q4 2023.

Its largest position, RYAAY, represents 10.4% of the portfolio.

Compared with Q3 2023, the fund opened 2 new positions and exited 3.

Portfolio Metrics

Turnover
+20.0%
vs prior filed quarter
Top-10 Concentration
+67.2%
share of reported value
Largest Position
+10.4%
Ryanair
New / Exited
2 / 3
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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
Q1 ’19: $140MQ1 ’19Q2 ’19: $160MQ3 ’19: $146MQ4 ’19: $140MQ1 ’20: $110MQ1 ’20Q2 ’20: $103MQ3 ’20: $98MQ4 ’20: $104MQ1 ’21: $101MQ1 ’21Q2 ’21: $95MQ3 ’21: $104MQ4 ’21: $114MQ1 ’22: $96MQ1 ’22Q2 ’22: $87MQ3 ’22: $61MQ4 ’22: $68MQ1 ’23: $85MQ1 ’23Q2 ’23: $100MQ3 ’23: $98MQ4 ’23: $98MQ1 ’24: $129MQ1 ’24Q2 ’24: $120MQ3 ’24: $103MQ4 ’24: $107MQ1 ’25: $42MQ1 ’25Q2 ’25: $24MQ3 ’25: $28MQ4 ’25: $32Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 72.7%ETP: 16.9%ADR: 10.4%
  • Common Stock · 72.7% · $71M
  • ETP · 16.9% · $17M
  • ADR · 10.4% · $10M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
URTHISHARES INCNEW+50.8K50.8K+$7M$7M
NVSTENVISTA HOLDINGS CORPORATIONNEW+93.3K93.3K+$2M$2M
ACWIISHARES TRSOLD OUT−133.0K0−$12M$0
CCUCOMPANIA CERVECERIAS UNIDASSOLD OUT−257.8K0−$3M$0
XRAYDENTSPLY SIRONA INCSOLD OUT−60.1K0−$2M$0
MHKMOHAWK INDS INCTRIMMED−11.5K5.9K−$882,525$614,688
CSLCARLISLE COS INCTRIMMED−1.8K6.7K−$99,573$2M
GWWGRAINGER W W INCTRIMMED−5754.5K+$212,132$4M

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

Holdings — Q4 2023

24 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RYAAYRYANAIR HOLDINGS PLChistory →SPONSORED ADS10.35%$10M75.8K
2GLDSPDR GOLD TRhistory →GOLD SHS9.99%$10M51.0K
3PRGOPERRIGO CO PLChistory →SHS7.65%$7M232.0K
4URTHISHARES INChistory →MSCI WORLD ETF6.93%$7M50.8K
5ORLYOREILLY AUTOMOTIVE INChistory →COM6.77%$7M7.0K
6HSICHENRY SCHEIN INChistory →COM6.59%$6M85.0K
7FLEETCOR TECHNOLOGIES INCCOM5.99%$6M20.7K
8CVXCHEVRON CORP NEWhistory →COM4.72%$5M30.9K
9DGDOLLAR GEN CORP NEWhistory →COM4.40%$4M31.6K
10GWWGRAINGER W W INChistory →COM3.78%$4M4.5K
11SONSONOCO PRODS COhistory →COM3.35%$3M58.5K
12WMTWALMART INChistory →COM3.27%$3M20.2K
13ROSTROSS STORES INChistory →COM3.04%$3M21.5K
14MCDMCDONALDS CORPhistory →COM2.96%$3M9.7K
15BCBRUNSWICK CORPhistory →COM2.78%$3M28.1K
16FNVFRANCO NEV CORPhistory →COM2.39%$2M21.0K
17NVSTENVISTA HOLDINGS CORPORATIONhistory →COM2.30%$2M93.3K
18EMREMERSON ELEC COhistory →COM2.29%$2M23.0K
19CSLCARLISLE COS INChistory →COM2.15%$2M6.7K
20SMGSCOTTS MIRACLE-GRO COhistory →CL A2.14%$2M32.7K
21METAMETA PLATFORMS INChistory →CL A2.08%$2M5.7K
22KMXCARMAX INChistory →COM1.95%$2M24.8K
23DISDISNEY WALT COhistory →COM1.51%$1M16.3K
24MHKMOHAWK INDS INCCOM0.63%$614,6885.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q4 2025$32M22Jan 30, 202613F-HRchanges · EDGAR ↗
Q3 2025$28M21Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$24M22Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$42M22May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$107M28Feb 19, 2025RESTATEMENTchanges · EDGAR ↗
Q3 2024$103M26Nov 25, 2024RESTATEMENTchanges · EDGAR ↗
Q2 2024$120M29Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$129M30May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$98M24Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$98M25Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$100M24Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$85M24May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$68M26Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$61M22Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$87M22Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$96M19May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$114M22Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$104M22Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$95M21Nov 15, 2021RESTATEMENTchanges · EDGAR ↗
Q1 2021$101M20May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$104M22Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$98M22Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$103M25Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$110M26May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$140M24Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$146M26Nov 13, 201913F-HRchanges · EDGAR ↗
Q2 2019$160M29Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$140M29May 14, 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 ↗.