Locust Wood Capital Advisers, LLC In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), Locust Wood Capital Advisers, LLC reported 37 stock positions worth $2.7 billion . Its top holding was Linde (LIN) at 7.4% of the portfolio, followed by Taiwan Semiconductor-SP ADR (TSM, 7.4% ) and Elevance Health (ELV, 6.0% ). Compared with Q1 2024, it opened 5 new positions, sold out of 5, added to 23 and reduced 6. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +9% ) and the biggest sale Vertiv Class A (VRT, shares −35% ).
Location NEW YORK, NY
CIK 0001349434
Portfolio Value $2.7B (Q2 2024) Holdings 37 stocks · $2.7B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2024 LIN Linde PLC 457,243 $200.6M Add +12.5% TSM Taiwan Semiconductor-SP ADR 1,150,235 $199.9M Add +8.9% ELV Elevance Health Inc. 299,406 $162.2M Add +3.3% VRT Vertiv Holdings Co. Class A 1,592,736 $137.9M Reduce -34.8% AXTA Axalta Coating Systems Ltd. 3,926,533 $134.2M Add +22.8% SU Suncor Energy Inc. 3,368,939 $128.4M Add +9.2% AMZN Amazon.com Inc. 619,778 $119.8M Add +8.0% GOOGL Alphabet Inc. Class A 610,354 $111.2M Reduce -5.7% PCG P G & E Corp. 6,338,024 $110.7M Add +7.0% APO Apollo Global Management Inc. 918,539 $108.5M Reduce -5.8% MSFT Microsoft Corp. 234,923 $105.0M Add +6.7% SPGI S&P Global Inc. 224,372 $100.1M Add +5.9% ABT Abbott Laboratories 956,453 $99.4M Add +2.4% CP Canadian Pacific Kansas City 1,259,790 $99.2M Add +0.4% GEHC GE Healthcare Technology 1,124,299 $87.6M Add +44.9% UNH Unitedhealth Group Inc. 166,809 $84.9M Add +27.5% WM Waste Management Inc. 380,886 $81.3M Add +5.3% AAPL Apple Inc. 352,292 $74.2M Add +37.7% ESI Element Solutions Inc. 2,720,318 $73.8M Add +3.7% STE Steris PLC 334,526 $73.4M Add +19.1% HON Honeywell International Inc. 341,971 $73.0M Add +5.9% CRM Salesforce Inc. 281,980 $72.5M Add +19.0% V Visa Inc. Class A 265,039 $69.6M Add +6.0% CZR Caesars Entertainment Inc. 1,580,045 $62.8M Add +83.7% BRK.B Berkshire Hathaway Inc. Class B 106,347 $43.3M Reduce -24.2% RH RH 95,447 $23.3M Add +4.4% BRK.A Berkshire Hathaway Inc. Class A 36 $22.0M Reduce -23.4% COKE Coca-Cola Consolidated Inc. 14,177 $15.4M New NKE Nike Inc. Class B 169,600 $12.8M New JPM JPMorgan Chase & Co. 61,746 $12.5M Reduce -79.2% XLI SS Industrial Select Sector 38,150 $4.6M Add +121.2% SGU Star Group LP 164,620 $1.8M No change IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA 14,000 $1.3M No change TT Trane Technologies PLC 3,300 $1.1M New OC Owens Corning 6,080 $1.1M New CSL Carlisle Cos Inc. 2,575 $1.0M New DINO HF Sinclair Corp. 6,164 $329K No change
Options reported separately and not counted above: ABT calls ($24.1M), GOOGL puts ($22.4M), APO puts ($14.7M), V calls ($7.9M), TSM calls ($6.3M), VRT puts ($5.6M), CZR calls ($731K).
Portfolio Sells Q1 2024 → Q2 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▲ VRT Vertiv Holdings Co. Class A Reduce -34.8% 5.09% −2.78 JPM JPMorgan Chase & Co. Reduce -79.2% 0.46% −1.88 BRK.B Berkshire Hathaway Inc. Class B Reduce -24.2% 1.60% −0.73 BRK.A Berkshire Hathaway Inc. Class A Reduce -23.4% 0.81% −0.36 APO Apollo Global Management Inc. Reduce -5.8% 4.00% −0.32 CNH CNH Industrial NV Sold out 0.00% −0.04 WTS Watts Water Technologies-A Sold out 0.00% −0.04 VMC Vulcan Materials Co. Sold out 0.00% −0.04 FAST Fastenal Co. Sold out 0.00% −0.04 LII Lennox International Inc. Sold out 0.00% −0.04 GOOGL Alphabet Inc. Class A Reduce -5.7% 4.10% +0.25
Portfolio Buys Q1 2024 → Q2 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2024 % Of Portfolio Change To Portfolio ▼ TSM Taiwan Semiconductor-SP ADR Add +8.9% 7.38% +1.71 AAPL Apple Inc. Add +37.7% 2.74% +1.01 CZR Caesars Entertainment Inc. Add +83.7% 2.32% +0.83 AXTA Axalta Coating Systems Ltd. Add +22.8% 4.95% +0.61 UNH Unitedhealth Group Inc. Add +27.5% 3.13% +0.58 COKE Coca-Cola Consolidated Inc. New 0.57% +0.57 NKE Nike Inc. Class B New 0.47% +0.47 GEHC GE Healthcare Technology Add +44.9% 3.23% +0.45 AMZN Amazon.com Inc. Add +8.0% 4.42% +0.34 SU Suncor Energy Inc. Add +9.2% 4.74% +0.25 MSFT Microsoft Corp. Add +6.7% 3.87% +0.22 STE Steris PLC Add +19.1% 2.71% +0.22 PCG P G & E Corp. Add +7.0% 4.08% +0.17 ESI Element Solutions Inc. Add +3.7% 2.72% +0.14 SPGI S&P Global Inc. Add +5.9% 3.69% +0.14 XLI SS Industrial Select Sector Add +121.2% 0.17% +0.09 HON Honeywell International Inc. Add +5.9% 2.69% +0.08 ELV Elevance Health Inc. Add +3.3% 5.99% +0.06 TT Trane Technologies PLC New 0.04% +0.04 OC Owens Corning New 0.04% +0.04 CSL Carlisle Cos Inc. New 0.04% +0.04 LIN Linde PLC Add +12.5% 7.40% −0.04 WM Waste Management Inc. Add +5.3% 3.00% −0.04 CRM Salesforce Inc. Add +19.0% 2.67% −0.14 V Visa Inc. Class A Add +6.0% 2.57% −0.18 RH RH Add +4.4% 0.86% −0.39 ABT Abbott Laboratories Add +2.4% 3.67% −0.52 CP Canadian Pacific Kansas City Add +0.4% 3.66% −0.70
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Sold out 212,000 $110.9Mbefore exit LIN Linde PLC put Sold out 106,000 $49.2Mbefore exit GOOGL Alphabet Inc. Class A put New 123,000 $22.4M APO Apollo Global Management Inc. put New 124,700 $14.7M VRT Vertiv Holdings Co. Class A put Reduce -87.1% 64,500 $5.6M CZR Caesars Entertainment Inc. call Reduce -94.1% 18,400 $731K
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 31 $4.1B TSM, AMZN, NVDA, GPGI, GOOGL Q1 2026 Amended 27 $3.7B AMZN, TSM, GPGI, LIN, NVDA Q4 2025 32 $4.0B LIN, MSFT, AMZN, TSM, GOOGL Q3 2025 50 $3.7B LIN, TSM, AMZN, MSFT, GPGI Q2 2025 50 $3.4B TSM, LIN, AMZN, MSFT, VRT Q1 2025 42 $2.9B LIN, MSFT, TSM, WM, AMZN Q4 2024 37 $2.7B TSM, LIN, PCG, AMZN, GOOGL Q3 2024 40 $2.9B LIN, TSM, VRT, AXTA, PCG Q2 2024 37 $2.7B LIN, TSM, ELV, VRT, AXTA Q1 2024 37 $2.5B VRT, LIN, ELV, TSM, SU