Maren Capital LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Maren Capital LLC reported 24 stock positions worth $1.0 billion. Its top holding was Teledyne Technologies (TDY) at 10.5% of the portfolio, followed by Rli (RLI, 8.8%) and RBC Bearings (RBC, 8.7%). Compared with Q4 2023, it added to 15 and reduced 2. The biggest buy was Heico Class A (HEI.A, shares +62%) and the biggest sale Microsoft (MSFT, shares −10%).

Most Recent 13F
Q2 2026
Location
CHICAGO, IL
CIK
0001961415
Portfolio Value
$1.0B (Q1 2024)
SEC Filing
0001941040-24-000252 ↗ filed May 14, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.0B $1.0B Q1 2024 Q2 2024: $1.0B Q2 2024 Q3 2024: $1.2B Q3 2024 Q4 2024: $1.3B Q4 2024 Q1 2025: $1.5B Q1 2025 Q2 2025: $1.7B Q2 2025 Q3 2025: $1.8B Q3 2025 Q4 2025: $1.9B Q4 2025 Q1 2026: $1.9B Q1 2026 Q2 2026: $2.2B Q2 2026

Holdings 24 stocks · $1.0B
TDY Teledyne Technologies Inc. 10.54% 254,245 $109.2M Add +37.2%
RLI Rli Corp. 8.78% 612,081 $90.9M Add +21.3%
RBC RBC Bearings Inc. 8.69% 332,856 $90.0M Add +17.2%
CP Canadian Pacific Kansas City 8.10% 951,680 $83.9M Add +17.0%
LIN Linde PLC 8.01% 178,499 $82.9M Add +51.4%
HEI.A Heico Corp. Class A 7.83% 526,494 $81.0M Add +62.4%
AME Ametek Inc. 7.80% 441,723 $80.8M Add +13.3%
APH Amphenol Corp. Class A 6.98% 626,560 $72.3M Add +2.4%
IEX Idex Corp. 6.56% 278,215 $67.9M Add +21.3%
KNSL Kinsale Capital Group Inc. 6.55% 129,213 $67.8M Reduce -6.9%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 5.17% 605,778 $53.6M Add +13.0%
CPRT Copart Inc. 4.46% 797,079 $46.2M Add +33.6%
GGG Graco Inc. 3.83% 424,264 $39.7M Add +1.5%
HIFS Hingham Institution for SVGS 2.50% 148,217 $25.9M Add +19.7%
SSD Simpson Manufacturing Co. Inc. 1.62% 81,830 $16.8M Add +4.6%
EQC Equity Commonwealth 1.49% 815,417 $15.4M Add +14.1%
PGR Progressive Corp. 0.27% 13,550 $2.8M No change
TMO Thermo Fisher Scientific Inc. 0.19% 3,389 $2.0M No change
MSFT Microsoft Corp. 0.19% 4,634 $1.9M Reduce -9.7%
ORLY O'reilly Automotive Inc. 0.17% 1,540 $1.7M No change
MA Mastercard Inc. Class A 0.10% 2,085 $1.0M No change
V Visa Inc. Class A 0.09% 3,352 $935K No change
MDY State Street SPDR S&P Midcap 0.05% 964 $536K No change
BRK.B Berkshire Hathaway Inc. Class B 0.03% 800 $336K No change
Other holdings (3): bonds, preferreds, convertibles and warrants · $3.3M (not counted above)
SecurityClassShares / PrincipalValueChange
EQUITY COMMONWEALTH (EQC 6.5 PERP D) 6.5% CNV PFD D 85,942$2.1MAdd +10.5%
RBC BEARINGS INC (RBC 5 10/15/24 A) 5% CNV PFD SR A 5,240$640KNo change
UGI CORP (UGI 7.25 06/01/24) UNIT 06/01/2024 9,524$554KNo change

Total filed on the 13F, all lines: $1.0B.

Portfolio Sells Q4 2023 → Q1 2024
MSFT Microsoft Corp. Reduce -9.7% 0.19% −0.06
KNSL Kinsale Capital Group Inc. Reduce -6.9% 6.55% +0.57

Portfolio Buys Q4 2023 → Q1 2024
HEI.A Heico Corp. Class A Add +62.4% 7.83% +1.89
LIN Linde PLC Add +51.4% 8.01% +1.78
CPRT Copart Inc. Add +33.6% 4.46% +0.70
WRB WR Berkley Corp. Add +13.0% 5.17% +0.30
IEX Idex Corp. Add +21.3% 6.56% +0.15
RLI Rli Corp. Add +21.3% 8.78% +0.14
TDY Teledyne Technologies Inc. Add +37.2% 10.54% −0.09
CP Canadian Pacific Kansas City Add +17.0% 8.10% −0.17
EQC Equity Commonwealth Add +14.1% 1.49% −0.28
SSD Simpson Manufacturing Co. Inc. Add +4.6% 1.62% −0.37
AME Ametek Inc. Add +13.3% 7.80% −0.46
HIFS Hingham Institution for SVGS Add +19.7% 2.50% −0.60
APH Amphenol Corp. Class A Add +2.4% 6.98% −0.82
GGG Graco Inc. Add +1.5% 3.83% −0.84
RBC RBC Bearings Inc. Add +17.2% 8.69% −1.72

Notes & Other Activity Q4 2023 → Q1 2024
EQUITY COMMONWEALTH (EQC 6.5 PERP D) 6.5% CNV PFD D Add +10.5% 85,942 $2.1M

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 17$2.2BRBC, APH, TDY, AME, HEI.A
Q1 2026 19$1.9BRBC, TDY, LIN, AME, APH
Q4 2025 21$1.9BAPH, RBC, TDY, AME, HEI.A
Q3 2025 22$1.8BAPH, TDY, RBC, AME, HEI.A
Q2 2025 25$1.7BAPH, RBC, TDY, HEI.A, AME
Q1 2025 25$1.5BTDY, RBC, AME, RLI, HEI.A
Q4 2024 25$1.3BTDY, AME, RBC, RLI, HEI.A
Q3 2024 25$1.2BTDY, RBC, AME, RLI, HEI.A
Q2 2024 24$1.0BTDY, RBC, RLI, AME, HEI.A
Q1 2024 24$1.0BTDY, RLI, RBC, CP, LIN