Chapman Investment Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), Chapman Investment Management, LLC reported 27 stock positions worth $136.7 million. Its top holding was Microsoft (MSFT) at 10.6% of the portfolio, followed by Costco Wholesale (COST, 9.2%) and Mastercard Class A (MA, 8.7%). Compared with Q3 2025, it sold out of 2, added to 9 and reduced 11. The biggest buy was Markel (MKL, shares +0%) and the biggest sale Meta Platforms Class A (META, shares −45%).
- Most Recent 13F
- Q2 2026
- Location
- San Anselmo, CA
- CIK
- 0001751006
- Portfolio Value
- $136.7M (Q4 2025)
- SEC Filing
- 0001751006-26-000001 ↗ filed Feb 4, 2026
Holdings Value
Holdings 27 stocks · $136.7M
| MSFT Microsoft Corp. | 10.56% | 29,851 | $14.4M | Reduce -0.4% |
| COST Costco Wholesale Corp. | 9.17% | 14,528 | $12.5M | Reduce -0.5% |
| MA Mastercard Inc. Class A | 8.72% | 20,879 | $11.9M | Add +0.5% |
| AMZN Amazon.com Inc. | 8.12% | 48,110 | $11.1M | Reduce -1.8% |
| MKL Markel Group Inc. | 7.52% | 4,784 | $10.3M | Add +0.1% |
| V Visa Inc. Class A | 7.41% | 28,879 | $10.1M | Reduce -0.1% |
| MELI MercadoLibre Inc. | 5.90% | 4,001 | $8.1M | Reduce -4.0% |
| AXP American Express Co. | 5.80% | 21,435 | $7.9M | Reduce -0.0% |
| AAPL Apple Inc. | 5.26% | 26,437 | $7.2M | No change |
| WM Waste Management Inc. | 4.51% | 28,049 | $6.2M | Add +0.1% |
| CTAS Cintas Corp. | 3.79% | 27,534 | $5.2M | Add +5.5% |
| SPGI S&P Global Inc. | 3.06% | 7,998 | $4.2M | Add +9.0% |
| ACN Accenture PLC Class A | 2.82% | 14,363 | $3.9M | Add +7.4% |
| LLY Eli Lilly & Co. | 2.74% | 3,491 | $3.8M | Add +0.1% |
| META Meta Platforms Inc. Class A | 2.62% | 5,422 | $3.6M | Reduce -45.0% |
| JPM JPMorgan Chase & Co. | 2.24% | 9,521 | $3.1M | Reduce -27.4% |
| EXPD Expeditors Intl Wash Inc. | 2.19% | 20,115 | $3.0M | Reduce -0.9% |
| UBER Uber Technologies Inc. | 1.99% | 33,221 | $2.7M | Reduce -0.2% |
| ISRG Intuitive Surgical Inc. | 1.47% | 3,544 | $2.0M | Add +20.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.10% | 13,237 | $1.5M | Reduce -2.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.98% | 1,962 | $1.3M | No change |
| SBUX Starbucks Corp. | 0.53% | 8,599 | $724K | No change |
| ORLY O'reilly Automotive Inc. | 0.53% | 7,920 | $722K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.40% | 1,090 | $548K | No change |
| WTM White Mountains Insurance GP | 0.22% | 143 | $297K | No change |
| CVX Chevron Corp. | 0.19% | 1,722 | $262K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.16% | 4,059 | $223K | Add +0.0% |
Portfolio Sells Q3 2025 → Q4 2025
| META Meta Platforms Inc. Class A | Reduce -45.0% | 2.62% | −2.53 |
| MELI MercadoLibre Inc. | Reduce -4.0% | 5.90% | −1.03 |
| JPM JPMorgan Chase & Co. | Reduce -27.4% | 2.24% | −0.70 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −0.62 |
| MSFT Microsoft Corp. | Reduce -0.4% | 10.56% | −0.48 |
| COST Costco Wholesale Corp. | Reduce -0.5% | 9.17% | −0.45 |
| UBER Uber Technologies Inc. | Reduce -0.2% | 1.99% | −0.33 |
| NSP Insperity Inc. | Sold out | 0.00% | −0.19 |
| DIS The Walt Disney Co. | Reduce -2.4% | 1.10% | −0.00 |
| V Visa Inc. Class A | Reduce -0.1% | 7.41% | +0.39 |
| EXPD Expeditors Intl Wash Inc. | Reduce -0.9% | 2.19% | +0.42 |
| AMZN Amazon.com Inc. | Reduce -1.8% | 8.12% | +0.47 |
| AXP American Express Co. | Reduce -0.0% | 5.80% | +0.74 |
Portfolio Buys Q3 2025 → Q4 2025
| MKL Markel Group Inc. | Add +0.1% | 7.52% | +1.03 |
| LLY Eli Lilly & Co. | Add +0.1% | 2.74% | +0.85 |
| ISRG Intuitive Surgical Inc. | Add +20.7% | 1.47% | +0.53 |
| SPGI S&P Global Inc. | Add +9.0% | 3.06% | +0.52 |
| ACN Accenture PLC Class A | Add +7.4% | 2.82% | +0.47 |
| MA Mastercard Inc. Class A | Add +0.5% | 8.72% | +0.31 |
| WM Waste Management Inc. | Add +0.1% | 4.51% | +0.11 |
| BAC Bank of America Corp. | Add +0.0% | 0.16% | +0.01 |
| CTAS Cintas Corp. | Add +5.5% | 3.79% | −0.02 |
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 |