Academy Capital Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Academy Capital Management reported 39 stock positions worth $579.5 million. Its top holding was Apple (AAPL) at 12.0% of the portfolio, followed by Mastercard Class A (MA, 10.3%) and Berkshire Hathaway Class B (BRK.B, 10.2%). Compared with Q4 2024, it sold out of 2, added to 5 and reduced 23. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +158%) and the biggest sale Apple (AAPL, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- WACO, TX
- CIK
- 0001031972
- Portfolio Value
- $579.5M (Q1 2025)
- SEC Filing
- 0001031972-25-000002 ↗ filed May 14, 2025
Holdings Value
Holdings 39 stocks · $579.5M
| AAPL Apple Inc. | 11.98% | 312,661 | $69.5M | Reduce -8.8% |
| MA Mastercard Inc. Class A | 10.33% | 109,245 | $59.9M | Reduce -8.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 10.21% | 111,085 | $59.2M | Reduce -1.1% |
| META Meta Platforms Inc. Class A | 9.40% | 94,484 | $54.5M | Reduce -4.5% |
| MSFT Microsoft Corp. | 9.33% | 143,983 | $54.0M | Reduce -4.0% |
| AMZN Amazon.com Inc. | 9.17% | 279,316 | $53.1M | Reduce -2.9% |
| PRI Primerica Inc. | 6.67% | 135,815 | $38.6M | Reduce -2.9% |
| GOOG Alphabet Inc. Class C | 6.08% | 225,509 | $35.2M | Reduce -3.0% |
| GOOGL Alphabet Inc. Class A | 4.71% | 176,428 | $27.3M | Reduce -1.5% |
| TSM Taiwan Semiconductor-SP ADR | 4.49% | 156,675 | $26.0M | Add +157.9% |
| NVO Novo-Nordisk A/S-Spons ADR | 4.40% | 367,574 | $25.5M | Add +138.5% |
| IDXX Idexx Laboratories Inc. | 2.59% | 35,794 | $15.0M | Add +5.2% |
| NSRGY Nestle SA-Spons ADR | 1.88% | 107,858 | $10.9M | Reduce -43.5% |
| SPGI S&P Global Inc. | 1.60% | 18,239 | $9.3M | Reduce -0.8% |
| PEP Pepsico Inc. | 1.55% | 59,851 | $9.0M | Reduce -32.1% |
| LVMUY LVMH Moet Hennessy-Unsp ADR | 1.11% | 52,092 | $6.5M | Reduce -0.8% |
| POOL Pool Corp. | 0.95% | 17,382 | $5.5M | Reduce -0.6% |
| C Citigroup Inc. | 0.81% | 65,788 | $4.7M | Reduce -13.0% |
| BABA Alibaba Group Holding-SP ADR | 0.70% | 30,590 | $4.0M | Reduce -25.1% |
| CME Cme Group Inc. | 0.55% | 11,955 | $3.2M | Reduce -0.4% |
| TRV The Travelers Cos Inc. | 0.29% | 6,417 | $1.7M | Reduce -15.0% |
| XOM Exxon Mobil Corp. | 0.25% | 12,352 | $1.5M | Reduce -13.8% |
| STEL Stellar Bancorp Inc. | 0.18% | 36,941 | $1.0M | Reduce -1.7% |
| NEE Nextera Energy Inc. | 0.11% | 9,208 | $653K | Reduce -4.6% |
| NFLX Netflix Inc. | 0.09% | 580 | $541K | No change |
| CVX Chevron Corp. | 0.09% | 3,062 | $512K | No change |
| TSLA Tesla Inc. | 0.06% | 1,248 | $323K | Add +5.5% |
| JNJ Johnson & Johnson | 0.05% | 1,875 | $311K | No change |
| V Visa Inc. Class A | 0.05% | 860 | $301K | Add +3.7% |
| BHC Bausch Health Cos Inc. | 0.05% | 42,288 | $274K | No change |
| RTX RTX Corp. | 0.04% | 1,956 | $259K | No change |
| APD Air Products & Chemicals Inc. | 0.04% | 845 | $249K | Reduce -2.0% |
| GLW Corning Inc. | 0.04% | 5,215 | $239K | Reduce -1.1% |
| UNH Unitedhealth Group Inc. | 0.04% | 441 | $231K | No change |
| MRK Merck & Co. Inc. | 0.04% | 2,540 | $228K | No change |
| LUV Southwest Airlines Co. | 0.04% | 6,521 | $219K | No change |
| NHHS Northstar Healthcare Income | 0.01% | 22,895 | $68K | No change |
| FSSL FS Specialty Lending Fund | 0.01% | 14,114 | $47K | No change |
| PVCT Provectus Biopharmaceutica-A | 0.00% | 20,000 | $2K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -8.8% | 11.98% | −2.05 |
| GOOG Alphabet Inc. Class C | Reduce -3.0% | 6.08% | −1.16 |
| AMZN Amazon.com Inc. | Reduce -2.9% | 9.17% | −1.15 |
| MSFT Microsoft Corp. | Reduce -4.0% | 9.33% | −1.01 |
| GOOGL Alphabet Inc. Class A | Reduce -1.5% | 4.71% | −0.83 |
| NSRGY Nestle SA-Spons ADR | Reduce -43.5% | 1.88% | −0.66 |
| PEP Pepsico Inc. | Reduce -32.1% | 1.55% | −0.64 |
| CADE Cadence Bank | Sold out | 0.00% | −0.12 |
| META Meta Platforms Inc. Class A | Reduce -4.5% | 9.40% | −0.07 |
| C Citigroup Inc. | Reduce -13.0% | 0.81% | −0.06 |
| EMR Emerson Electric Co. | Sold out | 0.00% | −0.03 |
| POOL Pool Corp. | Reduce -0.6% | 0.95% | −0.02 |
| LVMUY LVMH Moet Hennessy-Unsp ADR | Reduce -0.8% | 1.11% | −0.01 |
| TRV The Travelers Cos Inc. | Reduce -15.0% | 0.29% | −0.00 |
| NEE Nextera Energy Inc. | Reduce -4.6% | 0.11% | −0.00 |
| GLW Corning Inc. | Reduce -1.1% | 0.04% | +0.00 |
| XOM Exxon Mobil Corp. | Reduce -13.8% | 0.25% | +0.00 |
| APD Air Products & Chemicals Inc. | Reduce -2.0% | 0.04% | +0.00 |
| STEL Stellar Bancorp Inc. | Reduce -1.7% | 0.18% | +0.00 |
| MA Mastercard Inc. Class A | Reduce -8.5% | 10.33% | +0.05 |
| CME Cme Group Inc. | Reduce -0.4% | 0.55% | +0.09 |
| SPGI S&P Global Inc. | Reduce -0.8% | 1.60% | +0.10 |
| BABA Alibaba Group Holding-SP ADR | Reduce -25.1% | 0.70% | +0.13 |
| PRI Primerica Inc. | Reduce -2.9% | 6.67% | +0.47 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.1% | 10.21% | +1.89 |
Portfolio Buys Q4 2024 → Q1 2025
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 |