Lountzis Asset Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), Lountzis Asset Management, LLC reported 53 stock positions worth $306.4 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 22.2% of the portfolio, followed by Oracle (ORCL, 8.3%) and Applied Materials (AMAT, 8.0%). Compared with Q2 2025, it opened 1 new position, sold out of 1, added to 2 and reduced 21. The biggest buy was a new position in TJX Companies (TJX) and the biggest sale Progressive (PGR, shares −0%).

Most Recent 13F
Q2 2026
Location
WYOMISSING, PA
CIK
0001821168
Portfolio Value
$306.4M (Q3 2025)
SEC Filing
0001821168-25-000007 ↗ filed Oct 30, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $211.1M Q1 2024 Q2 2024: $214.0M Q2 2024 Q3 2024: $240.6M Q3 2024 Q4 2024: $236.2M Q4 2024 Q1 2025: $264.7M Q1 2025 Q2 2025: $284.1M Q2 2025 Q3 2025: $306.4M $306.4M Q3 2025 Q4 2025: $281.6M Q4 2025 Q1 2026: $272.6M Q1 2026 Q2 2026: $316.1M Q2 2026

Holdings 53 stocks · $306.4M
BRK.B Berkshire Hathaway Inc. Class B 22.17% 135,098 $67.9M Reduce -0.2%
ORCL Oracle Corp. 8.27% 90,134 $25.3M Reduce -0.2%
AMAT Applied Materials Inc. 8.03% 120,159 $24.6M Reduce -0.1%
IDXX Idexx Laboratories Inc. 6.82% 32,708 $20.9M No change
WFC Wells Fargo & Co. 6.79% 248,077 $20.8M Reduce -0.5%
PGR Progressive Corp. 5.81% 72,107 $17.8M Reduce -0.3%
CDNS Cadence Design SYS Inc. 5.09% 44,429 $15.6M No change
KKR KKR & Co. Inc. 4.49% 105,792 $13.7M Reduce -0.1%
USB US Bancorp 4.00% 250,695 $12.2M No change
GOOGL Alphabet Inc. Class A 3.86% 48,634 $11.8M Reduce -0.4%
BRO Brown & Brown Inc. 3.32% 108,600 $10.2M Reduce -0.1%
PCOR Procore Technologies Inc. 2.36% 99,304 $7.2M No change
ZTS Zoetis Inc. 2.05% 42,883 $6.3M No change
NET Cloudflare Inc. Class A 2.00% 28,557 $6.1M Reduce 0.0%
SKYT Skywater Technology Inc. 1.78% 292,177 $5.5M No change
PEP Pepsico Inc. 1.75% 38,197 $5.4M No change
MLM Martin Marietta Materials 1.74% 8,471 $5.3M Reduce -0.4%
LOW Lowe's Cos Inc. 1.42% 17,273 $4.3M No change
UNH Unitedhealth Group Inc. 1.22% 10,849 $3.7M No change
LH Labcorp Holdings Inc. 0.86% 9,179 $2.6M No change
GOOG Alphabet Inc. Class C 0.46% 5,817 $1.4M No change
MHK Mohawk Industries Inc. 0.35% 8,327 $1.1M Reduce -4.0%
ABT Abbott Laboratories 0.33% 7,625 $1.0M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.31% 8,800 $959K No change
CNSWF Constellation Software Inc. 0.28% 311 $844K Reduce -1.0%
WSFS WSFS Financial Corp. 0.27% 15,071 $813K No change
ABBV Abbvie Inc. 0.25% 3,300 $764K No change
BRK.A Berkshire Hathaway Inc. Class A 0.25% 1 $754K No change
META Meta Platforms Inc. Class A 0.23% 975 $716K Reduce -0.7%
MSFT Microsoft Corp. 0.23% 1,382 $716K No change
YUM Yum! Brands Inc. 0.23% 4,659 $708K No change
AON Aon PLC Class A 0.22% 1,900 $678K No change
ICE Intercontinental Exchange Inc. 0.22% 4,016 $677K Reduce -1.4%
VOO Vanguard S&P 500 ETF 0.21% 1,026 $630K Add +1.6%
XOM Exxon Mobil Corp. 0.20% 5,567 $628K Reduce -19.5%
FWONK Liberty Media Corp. Class C 0.20% 5,899 $616K No change
ERFSF Eurofins Scientific 0.18% 7,433 $539K No change
SCHW Schwab (charles) Corp. 0.16% 5,062 $483K Reduce -2.0%
AAPL Apple Inc. 0.15% 1,850 $471K Add +2.7%
JNJ Johnson & Johnson 0.15% 2,512 $466K No change
FRFHF Fairfax Financial Hldgs Ltd. 0.14% 244 $427K Reduce -6.9%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.14% 1,500 $423K No change
J Jacobs Solutions Inc. 0.13% 2,599 $389K Reduce -2.7%
JPM JPMorgan Chase & Co. 0.11% 1,116 $352K Reduce -8.2%
V Visa Inc. Class A 0.11% 970 $331K No change
MA Mastercard Inc. Class A 0.09% 500 $284K No change
FWONA Liberty Media Corp. Class A 0.09% 2,866 $273K No change
RYCEF Rolls-Royce Holdings PLC 0.09% 16,411 $262K Reduce -6.5%
PM Philip Morris International 0.08% 1,522 $247K No change
GEF Greif Inc. Class A 0.08% 4,000 $241K Reduce -32.8%
CACC Credit Acceptance Corp. 0.07% 489 $228K No change
LLY Eli Lilly & Co. 0.07% 292 $223K No change
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.07% 1,386 $200K New

Portfolio Sells Q2 2025 → Q3 2025
PGR Progressive Corp. Reduce -0.3% 5.81% −0.98
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.2% 22.17% −0.98
BRO Brown & Brown Inc. Reduce -0.1% 3.32% −0.92
KKR KKR & Co. Inc. Reduce -0.1% 4.49% −0.47
WFC Wells Fargo & Co. Reduce -0.5% 6.79% −0.25
CNSWF Constellation Software Inc. Reduce -1.0% 0.28% −0.13
ELV Elevance Health Inc. Sold out 0.00% −0.10
GEF Greif Inc. Class A Reduce -32.8% 0.08% −0.06
XOM Exxon Mobil Corp. Reduce -19.5% 0.20% −0.06
ICE Intercontinental Exchange Inc. Reduce -1.4% 0.22% −0.04
FRFHF Fairfax Financial Hldgs Ltd. Reduce -6.9% 0.14% −0.03
META Meta Platforms Inc. Class A Reduce -0.7% 0.23% −0.02
JPM JPMorgan Chase & Co. Reduce -8.2% 0.11% −0.01
SCHW Schwab (charles) Corp. Reduce -2.0% 0.16% −0.01
RYCEF Rolls-Royce Holdings PLC Reduce -6.5% 0.09% +0.00
J Jacobs Solutions Inc. Reduce -2.7% 0.13% +0.00
MHK Mohawk Industries Inc. Reduce -4.0% 0.35% +0.03
NET Cloudflare Inc. Class A Reduce 0.0% 2.00% +0.03
MLM Martin Marietta Materials Reduce -0.4% 1.74% +0.10
AMAT Applied Materials Inc. Reduce -0.1% 8.03% +0.28
GOOGL Alphabet Inc. Class A Reduce -0.4% 3.86% +0.83
ORCL Oracle Corp. Reduce -0.2% 8.27% +1.32

Portfolio Buys Q2 2025 → Q3 2025
TJX TJX Companies Inc. New 0.07% +0.07
AAPL Apple Inc. Add +2.7% 0.15% +0.02
VOO Vanguard S&P 500 ETF Add +1.6% 0.21% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 55$316.1MAMAT, BRK.B, WFC, GOOGL, CDNS
Q1 2026 52$272.6MBRK.B, AMAT, WFC, PGR, GOOGL
Q4 2025 52$281.6MBRK.B, AMAT, WFC, ORCL, PGR
Q3 2025 53$306.4MBRK.B, ORCL, AMAT, IDXX, WFC
Q2 2025 53$284.1MBRK.B, AMAT, WFC, ORCL, PGR
Q1 2025 52$264.7MBRK.B, PGR, AMAT, WFC, IDXX
Q4 2024 47$236.2MBRK.B, PGR, WFC, AMAT, KKR
Q3 2024 49$240.6MBRK.B, AMAT, PGR, WFC, KKR
Q2 2024 46$214.0MBRK.B, AMAT, PGR, WFC, BRO
Q1 2024 46$211.1MBRK.B, AMAT, PGR, WFC, USB