Academy Capital Management
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 6, 2025), Academy Capital Management reported 41 stock positions worth $611.9 million. Its top holding was Apple (AAPL) at 14.0% of the portfolio, followed by Microsoft (MSFT, 10.3%) and Amazon.com (AMZN, 10.3%). Compared with Q3 2024, it opened 9 new positions, added to 6 and reduced 13. The biggest buy was a new position in Novo-Nordisk A/S-Spons ADR (NVO) and the biggest sale Nestle SA-Spons ADR (NSRGY, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- WACO, TX
- CIK
- 0001031972
- Portfolio Value
- $611.9M (Q4 2024)
- SEC Filing
- 0001031972-25-000001 ↗ filed Feb 6, 2025
Holdings Value
Holdings 41 stocks · $611.9M
| AAPL Apple Inc. | 14.04% | 343,006 | $85.9M | Reduce -0.4% |
| MSFT Microsoft Corp. | 10.33% | 150,017 | $63.2M | Add +0.3% |
| AMZN Amazon.com Inc. | 10.32% | 287,698 | $63.1M | Add +0.1% |
| MA Mastercard Inc. Class A | 10.28% | 119,431 | $62.9M | Reduce -0.8% |
| META Meta Platforms Inc. Class A | 9.47% | 98,931 | $57.9M | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 8.32% | 112,336 | $50.9M | Reduce -0.6% |
| GOOG Alphabet Inc. Class C | 7.24% | 232,532 | $44.3M | Reduce -0.5% |
| PRI Primerica Inc. | 6.20% | 139,810 | $37.9M | Reduce -0.3% |
| GOOGL Alphabet Inc. Class A | 5.54% | 179,071 | $33.9M | Reduce -0.6% |
| NSRGY Nestle SA-Spons ADR | 2.55% | 190,777 | $15.6M | Reduce -0.6% |
| IDXX Idexx Laboratories Inc. | 2.30% | 34,013 | $14.1M | Reduce -0.5% |
| PEP Pepsico Inc. | 2.19% | 88,135 | $13.4M | Add +1.4% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.17% | 154,121 | $13.3M | New |
| TSM Taiwan Semiconductor-SP ADR | 1.96% | 60,757 | $12.0M | Reduce -0.6% |
| SPGI S&P Global Inc. | 1.50% | 18,386 | $9.2M | Reduce -0.5% |
| LVMUY LVMH Moet Hennessy-Unsp ADR | 1.12% | 52,497 | $6.9M | Add +5.0% |
| POOL Pool Corp. | 0.97% | 17,481 | $6.0M | Reduce -0.9% |
| C Citigroup Inc. | 0.87% | 75,614 | $5.3M | No change |
| BABA Alibaba Group Holding-SP ADR | 0.57% | 40,842 | $3.5M | Add +2.4% |
| CME Cme Group Inc. | 0.46% | 12,000 | $2.8M | No change |
| TRV The Travelers Cos Inc. | 0.30% | 7,552 | $1.8M | No change |
| XOM Exxon Mobil Corp. | 0.25% | 14,333 | $1.5M | Add +29.3% |
| STEL Stellar Bancorp Inc. | 0.17% | 37,571 | $1.1M | No change |
| CADE Cadence Bank | 0.12% | 20,950 | $722K | No change |
| NEE Nextera Energy Inc. | 0.11% | 9,648 | $692K | No change |
| NFLX Netflix Inc. | 0.08% | 580 | $517K | No change |
| TSLA Tesla Inc. | 0.08% | 1,183 | $478K | No change |
| CVX Chevron Corp. | 0.07% | 3,062 | $444K | New |
| BHC Bausch Health Cos Inc. | 0.06% | 42,288 | $341K | Reduce -1.1% |
| JNJ Johnson & Johnson | 0.04% | 1,875 | $271K | New |
| V Visa Inc. Class A | 0.04% | 829 | $262K | No change |
| MRK Merck & Co. Inc. | 0.04% | 2,540 | $253K | New |
| GLW Corning Inc. | 0.04% | 5,271 | $250K | New |
| APD Air Products & Chemicals Inc. | 0.04% | 862 | $250K | New |
| RTX RTX Corp. | 0.04% | 1,956 | $226K | New |
| UNH Unitedhealth Group Inc. | 0.04% | 441 | $223K | No change |
| LUV Southwest Airlines Co. | 0.04% | 6,521 | $219K | New |
| EMR Emerson Electric Co. | 0.03% | 1,636 | $203K | New |
| NHHS Northstar Healthcare Income | 0.01% | 22,895 | $68K | No change |
| FSSL FS Specialty Lending Fund | 0.01% | 14,114 | $48K | No change |
| PVCT Provectus Biopharmaceutica-A | 0.00% | 20,000 | $2K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| NSRGY Nestle SA-Spons ADR | Reduce -0.6% | 2.55% | −0.80 |
| IDXX Idexx Laboratories Inc. | Reduce -0.5% | 2.30% | −0.69 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.6% | 8.32% | −0.69 |
| META Meta Platforms Inc. Class A | Reduce -0.8% | 9.47% | −0.42 |
| PRI Primerica Inc. | Reduce -0.3% | 6.20% | −0.24 |
| POOL Pool Corp. | Reduce -0.9% | 0.97% | −0.18 |
| SPGI S&P Global Inc. | Reduce -0.5% | 1.50% | −0.16 |
| MA Mastercard Inc. Class A | Reduce -0.8% | 10.28% | −0.01 |
| BHC Bausch Health Cos Inc. | Reduce -1.1% | 0.06% | −0.00 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -0.6% | 1.96% | +0.12 |
| AAPL Apple Inc. | Reduce -0.4% | 14.04% | +0.14 |
| GOOGL Alphabet Inc. Class A | Reduce -0.6% | 5.54% | +0.37 |
| GOOG Alphabet Inc. Class C | Reduce -0.5% | 7.24% | +0.47 |
Portfolio Buys Q3 2024 → Q4 2024
| NVO Novo-Nordisk A/S-Spons ADR | New | 2.17% | +2.17 |
| AMZN Amazon.com Inc. | Add +0.1% | 10.32% | +1.04 |
| CVX Chevron Corp. | New | 0.07% | +0.07 |
| JNJ Johnson & Johnson | New | 0.04% | +0.04 |
| MRK Merck & Co. Inc. | New | 0.04% | +0.04 |
| APD Air Products & Chemicals Inc. | New | 0.04% | +0.04 |
| GLW Corning Inc. | New | 0.04% | +0.04 |
| RTX RTX Corp. | New | 0.04% | +0.04 |
| LUV Southwest Airlines Co. | New | 0.04% | +0.04 |
| EMR Emerson Electric Co. | New | 0.03% | +0.03 |
| XOM Exxon Mobil Corp. | Add +29.3% | 0.25% | +0.03 |
| BABA Alibaba Group Holding-SP ADR | Add +2.4% | 0.57% | −0.17 |
| LVMUY LVMH Moet Hennessy-Unsp ADR | Add +5.0% | 1.12% | −0.21 |
| PEP Pepsico Inc. | Add +1.4% | 2.19% | −0.37 |
| MSFT Microsoft Corp. | Add +0.3% | 10.33% | −0.81 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 36 | $756.3M | AAPL, TSM, GOOG, AMZN, GOOGL |
| Q1 2026 | 37 | $699.4M | AAPL, GOOG, AMZN, TSM, BRK.B |
| Q4 2025 | 41 | $752.5M | AAPL, GOOG, MSFT, AMZN, META |
| Q3 2025 | 41 | $701.4M | AAPL, MSFT, META, AMZN, MA |
| Q2 2025 | 40 | $700.1M | MSFT, META, AAPL, AMZN, MA |
| Q1 2025 | 39 | $579.5M | AAPL, MA, BRK.B, META, MSFT |
| Q4 2024 | 41 | $611.9M | AAPL, MSFT, AMZN, MA, META |
| Q3 2024 | 32 | $577.4M | AAPL, MSFT, MA, META, AMZN |
| Q2 2024 | 34 | $554.2M | AAPL, MSFT, AMZN, MA, META |
| Q1 2024 | 32 | $528.5M | MSFT, AAPL, MA, AMZN, META |