Portfolio Value
$6.13B
Positions
19
Top 10 Weight
87.44%
Largest Position
18.58%
As of
Q1 2026
Filed
May 14, 2026
MASTERCARD INC18.58%BROOKFIELD CORP11.23%KKR & CO L P DEL10.13%MOODYS CORP8.86%VISA INC8.07%hover the bar for the rest
Strategy Snapshot
- › Portfolio value fell 32.7% quarter-over-quarter to $6.13B.
- › Highly concentrated portfolio — the top 10 holdings make up 87.4% of assets.
- › This quarter: 3 new buys, 6 adds, 9 trims, 2 full exits — net seller.
- › Biggest new buy: SALESFORCE INC (CRM) ($152.66M).
- › Biggest exit: DANAHER CORP DEL (DHR) ($15.91M position closed).
Changes since Q4 2025
New Buys
- SALESFORCE INC (CRM)$152.66M
- SERVICENOW INC (NOW)$114.60M
- PERIMETER SOLUTIONS INC (PRM)$6.11M
Added To / Trimmed
- BROOKFIELD CORP (BN)-36.6%
- MASTERCARD INC (MA)-24.1%
- VISA INC (V)-38.8%
- OREILLY AUTOMOTIVE INC (ORLY)-42.2%
- MOODYS CORP (MCO)-28.2%
- AIRBNB INC-41.4%
- KKR & CO L P DEL-17.1%
- FAIR ISAAC CORP (FICO)++31.1%
- ROPER TECHNOLOGIES INC (ROP)++13.8%
- Ccc Intelligent Solutions Hl (CCC)++26.9%
Exited
- DANAHER CORP DEL (DHR)$15.91M
- CARMAX INC (KMX)$5.82M
Current Holdings
| # | Security | Value | % of Portfolio | Avg Buy Price | Price | Gain | vs 52W High | This Qtr | Last Activity |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MASTERCARD INC MA | $1.14B | 18.58% | ~$441.16 | $489.98 | +11.1% | −18.6% | -24.1% | SELL Q1 2026 |
| 2 | BROOKFIELD CORP BN | $689.09M | 11.23% | ~$43.14 | $45.21 | +4.8% | −8.8% | -36.6% | SELL Q1 2026 |
| 3 | KKR & CO L P DEL | $621.42M | 10.13% | ~$105.24 | — | — | — | -17.1% | SELL Q1 2026 |
| 4 | MOODYS CORP MCO | $543.62M | 8.86% | ~$420.93 | $447.85 | +6.4% | −18.1% | -28.2% | SELL Q1 2026 |
| 5 | VISA INC V | $495.31M | 8.07% | ~$262.47 | $322.39 | +22.8% | −10.5% | -38.8% | SELL Q1 2026 |
| 6 | ROPER TECHNOLOGIES INC ROP | $444.88M | 7.25% | ~$538.28 | $334.97 | −37.8% | −41.8% | +13.8% | BUY Q1 2026 |
| 7 | COSTAR GROUP INC CSGP | $417.45M | 6.80% | ~$71.47 | $32.84 | −54.1% | −66.3% | +7.6% | BUY Q1 2026 |
| 8 | FAIR ISAAC CORP FICO | $388.33M | 6.33% | ~$1411.92 | $1179.19 | −16.5% | −41.0% | +31.1% | BUY Q1 2026 |
| 9 | OREILLY AUTOMOTIVE INC ORLY | $358.70M | 5.85% | ~$178.80 | $91.02 | −49.1% | −16.3% | -42.2% | SELL Q1 2026 |
| 10 | COPART INC CPRT | $265.56M | 4.33% | ~$42.75 | $30.75 | −28.1% | −38.6% | +1.7% | BUY Q1 2026 |
| 11 | AIRBNB INC | $256.91M | 4.19% | ~$133.81 | — | — | — | -41.4% | SELL Q1 2026 |
| 12 | Ccc Intelligent Solutions Hl CCC | $189.08M | 3.08% | ~$8.82 | $4.60 | −47.8% | −56.2% | +26.9% | BUY Q1 2026 |
| 13 | SALESFORCE INC CRM | $152.66M | 2.49% | ~$186.67 | $165.89 | −11.1% | −40.1% | NEW | BUY Q1 2026 |
| 14 | SERVICENOW INC NOW | $114.60M | 1.87% | ~$104.55 | $102.15 | −2.3% | −51.7% | NEW | BUY Q1 2026 |
| 15 | GOOSEHEAD INS INC GSHD | $18.91M | 0.31% | ~$55.21 | $36.82 | −33.3% | −65.5% | +19.5% | BUY Q1 2026 |
| 16 | SOPHIA GENETICS SA | $18.41M | 0.30% | ~$3.91 | — | — | — | UNCH | BUY Q2 2025 |
| 17 | AMERICAN TOWER CORP NEW AMT | $8.76M | 0.14% | ~$194.38 | $187.18 | −3.7% | −20.1% | -80.1% | SELL Q1 2026 |
| 18 | PERIMETER SOLUTIONS INC PRM | $6.11M | 0.10% | ~$24.42 | $35.47 | +45.2% | −1.5% | NEW | BUY Q1 2026 |
| 19 | BERKSHIRE HATHAWAY INC DEL | $4.95M | 0.08% | ~$406.80 | — | — | — | -13.1% | SELL Q1 2026 |
~ Avg buy price is estimated from quarterly 13F snapshots; actual trade dates and prices are not disclosed in filings. Gain compares the current market price to that estimated cost. vs 52W High shows how far the price sits below its 52-week high. Quotes via Yahoo Finance, may be delayed.
Filing History
| Period | Value Trend | Portfolio Value | Positions | Filed |
|---|---|---|---|---|
| Q1 2026 | $6.13B | 19 | May 14, 2026 | |
| Q4 2025 | $9.12B | 18 | Feb 13, 2026 | |
| Q3 2025 | $10.03B | 19 | Nov 13, 2025 | |
| Q2 2025 | $10.21B | 19 | Aug 14, 2025 | |
| Q1 2025 | $10.40B | 18 | May 13, 2025 | |
| Q4 2024 | $11.56B | 18 | Feb 13, 2025 | |
| Q3 2024 | $12.02B | 18 | Nov 13, 2024 | |
| Q2 2024 | $11.37B | 19 | Aug 13, 2024 |