Chapman Investment Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 1, 2025), Chapman Investment Management, LLC reported 28 stock positions worth $133.9 million. Its top holding was Costco Wholesale (COST) at 10.6% of the portfolio, followed by Mastercard Class A (MA, 8.5%) and Microsoft (MSFT, 8.3%). Compared with Q4 2024, it opened 1 new position, sold out of 2, added to 14 and reduced 9. The biggest buy was a new position in S&P Global (SPGI) and the biggest sale an exit from Marriott International Class A (MAR).
- Most Recent 13F
- Q2 2026
- Location
- San Anselmo, CA
- CIK
- 0001751006
- Portfolio Value
- $133.9M (Q1 2025)
- SEC Filing
- 0001085146-25-002518 ↗ filed May 1, 2025
Holdings Value
Holdings 28 stocks · $133.9M
| COST Costco Wholesale Corp. | 10.63% | 15,058 | $14.2M | Add +0.1% |
| MA Mastercard Inc. Class A | 8.50% | 20,777 | $11.4M | Add +0.1% |
| MSFT Microsoft Corp. | 8.31% | 29,645 | $11.1M | Reduce -0.1% |
| V Visa Inc. Class A | 7.50% | 28,678 | $10.1M | Add +2.0% |
| AMZN Amazon.com Inc. | 6.95% | 48,912 | $9.3M | Add +0.3% |
| MKL Markel Group Inc. | 6.72% | 4,812 | $9.0M | Add +1.3% |
| AAPL Apple Inc. | 6.52% | 39,288 | $8.7M | Reduce -0.9% |
| MELI MercadoLibre Inc. | 6.09% | 4,181 | $8.2M | Add +0.6% |
| GEHC GE Healthcare Technology | 4.95% | 82,156 | $6.6M | Reduce -1.1% |
| AXP American Express Co. | 4.31% | 21,462 | $5.8M | Add +0.3% |
| WM Waste Management Inc. | 4.24% | 24,540 | $5.7M | Add +6.3% |
| CTAS Cintas Corp. | 3.82% | 24,908 | $5.1M | Add +0.6% |
| ACN Accenture PLC Class A | 2.63% | 11,271 | $3.5M | Add +1.6% |
| ZTS Zoetis Inc. | 2.60% | 21,163 | $3.5M | Reduce -0.0% |
| SPGI S&P Global Inc. | 2.54% | 6,687 | $3.4M | New |
| JPM JPMorgan Chase & Co. | 2.40% | 13,121 | $3.2M | Add +0.6% |
| LLY Eli Lilly & Co. | 1.87% | 3,039 | $2.5M | Add +0.4% |
| EXPD Expeditors Intl Wash Inc. | 1.80% | 20,001 | $2.4M | Add +5.5% |
| UBER Uber Technologies Inc. | 1.79% | 32,818 | $2.4M | Reduce -1.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.10% | 14,965 | $1.5M | Reduce -35.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.93% | 2,341 | $1.2M | Reduce -2.1% |
| ISRG Intuitive Surgical Inc. | 0.93% | 2,512 | $1.2M | Add +15.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.84% | 2,021 | $1.1M | No change |
| CMG Chipotle Mexican Grill Inc. | 0.70% | 18,632 | $936K | No change |
| ORLY O'reilly Automotive Inc. | 0.54% | 507 | $726K | No change |
| XOM Exxon Mobil Corp. | 0.30% | 3,403 | $405K | Reduce -19.3% |
| CVX Chevron Corp. | 0.28% | 2,258 | $378K | Reduce -51.4% |
| WTM White Mountains Insurance GP | 0.21% | 143 | $275K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| MAR Marriott International Class A | Sold out | 0.00% | −2.78 |
| MSFT Microsoft Corp. | Reduce -0.1% | 8.31% | −1.00 |
| AAPL Apple Inc. | Reduce -0.9% | 6.52% | −0.87 |
| DIS The Walt Disney Co. | Reduce -35.0% | 1.10% | −0.80 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.50 |
| CVX Chevron Corp. | Reduce -51.4% | 0.28% | −0.22 |
| XOM Exxon Mobil Corp. | Reduce -19.3% | 0.30% | −0.04 |
| ZTS Zoetis Inc. | Reduce -0.0% | 2.60% | +0.04 |
| GEHC GE Healthcare Technology | Reduce -1.1% | 4.95% | +0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.1% | 0.93% | +0.12 |
| UBER Uber Technologies Inc. | Reduce -1.0% | 1.79% | +0.30 |
Portfolio Buys Q4 2024 → Q1 2025
| SPGI S&P Global Inc. | New | 2.54% | +2.54 |
| V Visa Inc. Class A | Add +2.0% | 7.50% | +0.89 |
| MELI MercadoLibre Inc. | Add +0.6% | 6.09% | +0.83 |
| WM Waste Management Inc. | Add +6.3% | 4.24% | +0.78 |
| MKL Markel Group Inc. | Add +1.3% | 6.72% | +0.62 |
| CTAS Cintas Corp. | Add +0.6% | 3.82% | +0.46 |
| COST Costco Wholesale Corp. | Add +0.1% | 10.63% | +0.38 |
| MA Mastercard Inc. Class A | Add +0.1% | 8.50% | +0.37 |
| EXPD Expeditors Intl Wash Inc. | Add +5.5% | 1.80% | +0.23 |
| LLY Eli Lilly & Co. | Add +0.4% | 1.87% | +0.14 |
| ISRG Intuitive Surgical Inc. | Add +15.6% | 0.93% | +0.08 |
| JPM JPMorgan Chase & Co. | Add +0.6% | 2.40% | +0.08 |
| ACN Accenture PLC Class A | Add +1.6% | 2.63% | −0.28 |
| AXP American Express Co. | Add +0.3% | 4.31% | −0.41 |
| AMZN Amazon.com Inc. | Add +0.3% | 6.95% | −1.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 0 | $0 | |
| Q1 2026 | 26 | $121.2M | COST, MSFT, MA, AMZN, MKL |
| Q4 2025 | 27 | $136.7M | MSFT, COST, MA, AMZN, MKL |
| Q3 2025 | 29 | $140.6M | MSFT, COST, MA, AMZN, V |
| Q2 2025 | 29 | $143.3M | COST, MSFT, MA, MELI, AMZN |
| Q1 2025 | 28 | $133.9M | COST, MA, MSFT, V, AMZN |
| Q4 2024 | 29 | $134.4M | COST, MSFT, MA, AMZN, AAPL |
| Q3 2024 | 31 | $136.9M | COST, MSFT, MA, AAPL, AMZN |
| Q2 2024 | 32 | $131.5M | MSFT, COST, MA, AMZN, AAPL |
| Q1 2024 | 32 | $135.7M | MSFT, COST, MA, AMZN, V |