Capco Asset Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Capco Asset Management, LLC reported 18 stock positions worth $422.8 million. Its top holding was Progressive (PGR) at 16.9% of the portfolio, followed by Marriott International Class A (MAR, 14.0%) and Markel (MKL, 12.0%). Compared with Q4 2024, it reduced 12. The biggest sale was Marriott International Class A (MAR, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- TAMPA, FL
- CIK
- 0001698068
- Portfolio Value
- $422.8M (Q1 2025)
- SEC Filing
- 0001698068-25-000004 ↗ filed May 12, 2025
Holdings Value
Holdings 18 stocks · $422.8M
| PGR Progressive Corp. | 16.92% | 252,777 | $71.5M | Reduce -22.3% |
| MAR Marriott International Class A | 13.98% | 248,171 | $59.1M | Reduce -1.9% |
| MKL Markel Group Inc. | 12.02% | 27,172 | $50.8M | Reduce -3.0% |
| CHTR Charter Communications Inc. Class A | 9.00% | 103,196 | $38.0M | Reduce -2.7% |
| MSFT Microsoft Corp. | 8.86% | 99,783 | $37.5M | Reduce -2.7% |
| WBD Warner Bros Discovery Inc. | 7.43% | 2,926,623 | $31.4M | Reduce -2.5% |
| AMZN Amazon.com Inc. | 6.32% | 140,369 | $26.7M | Reduce -2.5% |
| GOGO Gogo Inc. | 6.05% | 2,968,395 | $25.6M | Reduce -1.4% |
| BUD Anheuser-Busch Inbev-SPN ADR | 5.91% | 406,055 | $25.0M | Reduce -2.6% |
| ADSK Autodesk Inc. | 5.74% | 92,745 | $24.3M | Reduce -2.4% |
| LRCX Lam Research Corp. | 4.30% | 249,798 | $18.2M | Reduce -2.4% |
| ROP Roper Technologies Inc. | 3.33% | 23,856 | $14.1M | Reduce -2.4% |
| COST Costco Wholesale Corp. | 0.09% | 380 | $359K | No change |
| LSTR Landstar System Inc. | 0.05% | 1,300 | $195K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.01% | 100 | $53K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.00% | 22 | $12K | No change |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 0.00% | 200 | $6K | No change |
| AAPL Apple Inc. | 0.00% | 8 | $2K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| MAR Marriott International Class A | Reduce -1.9% | 13.98% | −1.87 |
| MSFT Microsoft Corp. | Reduce -2.7% | 8.86% | −0.86 |
| AMZN Amazon.com Inc. | Reduce -2.5% | 6.32% | −0.79 |
| PGR Progressive Corp. | Reduce -22.3% | 16.92% | −0.60 |
| ADSK Autodesk Inc. | Reduce -2.4% | 5.74% | −0.57 |
| LRCX Lam Research Corp. | Reduce -2.4% | 4.30% | +0.14 |
| WBD Warner Bros Discovery Inc. | Reduce -2.5% | 7.43% | +0.30 |
| ROP Roper Technologies Inc. | Reduce -2.4% | 3.33% | +0.47 |
| GOGO Gogo Inc. | Reduce -1.4% | 6.05% | +0.58 |
| CHTR Charter Communications Inc. Class A | Reduce -2.7% | 9.00% | +0.82 |
| MKL Markel Group Inc. | Reduce -3.0% | 12.02% | +1.15 |
| BUD Anheuser-Busch Inbev-SPN ADR | Reduce -2.6% | 5.91% | +1.22 |
Portfolio Buys Q4 2024 → Q1 2025
| None this quarter. | |||
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 26 | $365.9M | MAR, ROP, MKL, PGR, AMZN |
| Q1 2026 | 27 | $366.6M | MAR, ROP, MKL, PGR, AMZN |
| Q4 2025 | 28 | $408.9M | MAR, MKL, ROP, PGR, MSFT |
| Q3 2025 | 27 | $428.9M | MAR, MKL, PGR, ROP, MSFT |
| Q2 2025 | 27 | $475.4M | MAR, MKL, PGR, MSFT, GOGO |
| Q1 2025 | 18 | $422.8M | PGR, MAR, MKL, CHTR, MSFT |
| Q4 2024 | 18 | $444.9M | PGR, MAR, MKL, MSFT, CHTR |
| Q3 2024 | 18 | $432.7M | PGR, MAR, MSFT, MKL, CHTR |
| Q2 2024 | 18 | $422.6M | PGR, MAR, MSFT, MKL, CHTR |
| Q1 2024 | 18 | $416.9M | PGR, MAR, MSFT, MKL, CHTR |