Norman Fields, Gottscho Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 9, 2025), Norman Fields, Gottscho Capital Management, LLC reported 64 stock positions worth $302.2 million. Its top holding was Costco Wholesale (COST) at 19.1% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 17.2%) and Visa Class A (V, 11.1%). Compared with Q1 2025, it opened 7 new positions, sold out of 1, added to 6 and reduced 32. The biggest buy was Liberty Media Corp.-Braves C (shares +3%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001352449
- Portfolio Value
- $302.2M (Q2 2025)
- SEC Filing
- 0001352449-25-000003 ↗ filed Jul 9, 2025
Holdings Value
Holdings 64 stocks · $302.2M
| COST Costco Wholesale Corp. | 19.06% | 58,196 | $57.6M | Reduce -0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 17.23% | 107,220 | $52.1M | Reduce -0.5% |
| V Visa Inc. Class A | 11.15% | 94,893 | $33.7M | Reduce -0.3% |
| AAPL Apple Inc. | 8.27% | 121,792 | $25.0M | Reduce -2.4% |
| FWONK Liberty Media Corp.-Liberty-C | 3.81% | 110,084 | $11.5M | Reduce -0.7% |
| AXP American Express Co. | 3.72% | 35,210 | $11.2M | Reduce -0.1% |
| LIBERTY MEDIA CORP-BRAVES C filed as Atlanta Braves Holdings, Inc. | 3.37% | 217,879 | $10.2M | Add +3.1% |
| MA Mastercard Inc. Class A | 3.22% | 17,335 | $9.7M | No change |
| AMZN Amazon.com Inc. | 3.04% | 41,911 | $9.2M | Reduce -1.0% |
| ONON On Holding AG Class A filed as ON HLDG AG | 3.04% | 176,485 | $9.2M | Reduce -1.1% |
| UNP Union Pacific Corp. | 2.75% | 36,104 | $8.3M | Add +0.1% |
| PKG Packaging Corp. of America | 2.21% | 35,379 | $6.7M | Reduce -1.5% |
| GOOG Alphabet Inc. Class C | 1.96% | 33,419 | $5.9M | Reduce -0.5% |
| GOOGL Alphabet Inc. Class A | 1.59% | 27,260 | $4.8M | Reduce -1.0% |
| FERG Ferguson Enterprises Inc. | 1.07% | 14,838 | $3.2M | Add +0.1% |
| NVO Novo-Nordisk A/S-Spons ADR | 1.00% | 43,937 | $3.0M | Reduce -43.1% |
| GDX Market Vectors Gold Miners ETF | 0.91% | 52,726 | $2.7M | Add +3.0% |
| RTX RTX Corp. | 0.91% | 18,778 | $2.7M | Reduce -0.7% |
| A Agilent Technologies Inc. | 0.64% | 16,345 | $1.9M | Reduce -1.8% |
| SBUX Starbucks Corp. | 0.62% | 20,321 | $1.9M | Reduce -7.5% |
| GDXJ Vaneck Junior Gold Miners | 0.61% | 27,340 | $1.8M | Add +8.9% |
| MSFT Microsoft Corp. | 0.60% | 3,669 | $1.8M | Reduce -9.6% |
| GHC Graham Holdings Co. Class B | 0.58% | 1,849 | $1.7M | Reduce -0.1% |
| MU Micron Technology Inc. | 0.51% | 12,520 | $1.5M | Reduce -2.5% |
| GLD SPDR Gold Shares | 0.47% | 4,704 | $1.4M | Reduce -0.2% |
| LHX L3HARRIS Technologies Inc. | 0.45% | 5,380 | $1.4M | No change |
| CB Chubb Corp. | 0.42% | 4,418 | $1.3M | Add +0.9% |
| NOC Northrop Grumman Corp. | 0.40% | 2,410 | $1.2M | Reduce -0.2% |
| WCC Wesco International Inc. | 0.40% | 6,482 | $1.2M | New |
| DE Deere & Co. | 0.40% | 2,350 | $1.2M | No change |
| LLY Eli Lilly & Co. | 0.38% | 1,480 | $1.2M | No change |
| ABT Abbott Laboratories | 0.34% | 7,478 | $1.0M | No change |
| DHI D.R. Horton Inc. | 0.32% | 7,575 | $977K | Reduce -0.3% |
| LMT Lockheed Martin Corp. | 0.31% | 2,049 | $949K | Reduce -1.8% |
| EFX Equifax Inc. | 0.31% | 3,600 | $934K | No change |
| NSC Norfolk Southern Corp. | 0.28% | 3,265 | $836K | No change |
| EADSF Airbus SE | 0.26% | 3,695 | $772K | New |
| JNJ Johnson & Johnson | 0.23% | 4,486 | $685K | Reduce -14.9% |
| ABBV Abbvie Inc. | 0.22% | 3,606 | $669K | No change |
| UHAL.B U-Haul Holding Co.-Non Voting | 0.22% | 12,164 | $661K | Reduce -37.1% |
| MGRC McGrath Rentcorp | 0.21% | 5,550 | $644K | No change |
| TER Teradyne Inc. | 0.17% | 5,825 | $524K | Reduce -5.3% |
| SPB Spectrum Brands Holdings Inc. | 0.17% | 9,764 | $517K | Reduce -7.8% |
| MKL Markel Group Inc. | 0.17% | 250 | $499K | No change |
| KEX Kirby Corp. | 0.15% | 4,000 | $454K | No change |
| NVDA Nvidia Corp. | 0.15% | 2,870 | $453K | No change |
| AMRZ Amrize Ltd. | 0.13% | 8,140 | $403K | New |
| LEN Lennar Corp. Class A | 0.13% | 3,607 | $399K | No change |
| EPD Enterprise Products Partners | 0.13% | 12,490 | $387K | No change |
| ABNB Airbnb Inc. Class A | 0.12% | 2,645 | $350K | Reduce -7.8% |
| ADP Automatic Data Processing | 0.12% | 1,136 | $350K | No change |
| DEO Diageo PLC-Sponsored ADR | 0.11% | 3,440 | $347K | Reduce -1.3% |
| OHI Omega Healthcare Investors | 0.11% | 9,000 | $330K | No change |
| UHAL U-Haul Holding Co. | 0.11% | 5,389 | $326K | Reduce -27.4% |
| ALC Alcon Inc. filed as ALCON AG | 0.11% | 3,609 | $319K | Reduce -0.7% |
| XYL Xylem Inc. | 0.10% | 2,330 | $301K | No change |
| HOLX Hologic Inc. | 0.10% | 4,600 | $300K | No change |
| CVX Chevron Corp. | 0.08% | 1,775 | $254K | New |
| GE General Electric Company | 0.08% | 940 | $242K | New |
| KDP Keurig Dr Pepper Inc. | 0.08% | 7,090 | $234K | Reduce -0.8% |
| DUK Duke Energy Corp. | 0.07% | 1,818 | $215K | Reduce -2.7% |
| FIS Fidelity National Info Serv | 0.07% | 2,640 | $215K | New |
| ECL Ecolab Inc. | 0.07% | 756 | $204K | New |
| GCI LIBERTY INC XXX SUBMITTED FOR ESCROW CL A | 0.00% | 12,350 | $0 | No change |
Portfolio Sells Q1 2025 → Q2 2025
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.5% | 17.23% | −2.17 |
| AAPL Apple Inc. | Reduce -2.4% | 8.27% | −1.10 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -43.1% | 1.00% | −0.81 |
| PKG Packaging Corp. of America | Reduce -1.5% | 2.21% | −0.20 |
| HHH Howard Hughes Holdings Inc. | Sold out | 0.00% | −0.19 |
| UHAL.B U-Haul Holding Co.-Non Voting | Reduce -37.1% | 0.22% | −0.17 |
| V Visa Inc. Class A | Reduce -0.3% | 11.15% | −0.13 |
| SBUX Starbucks Corp. | Reduce -7.5% | 0.62% | −0.11 |
| SPB Spectrum Brands Holdings Inc. | Reduce -7.8% | 0.17% | −0.09 |
| JNJ Johnson & Johnson | Reduce -14.9% | 0.23% | −0.07 |
| UHAL U-Haul Holding Co. | Reduce -27.4% | 0.11% | −0.06 |
| GHC Graham Holdings Co. Class B | Reduce -0.1% | 0.58% | −0.02 |
| A Agilent Technologies Inc. | Reduce -1.8% | 0.64% | −0.02 |
| NOC Northrop Grumman Corp. | Reduce -0.2% | 0.40% | −0.02 |
| ALC Alcon Inc. | Reduce -0.7% | 0.11% | −0.01 |
| DEO Diageo PLC-Sponsored ADR | Reduce -1.3% | 0.11% | −0.01 |
| DUK Duke Energy Corp. | Reduce -2.7% | 0.07% | −0.01 |
| KDP Keurig Dr Pepper Inc. | Reduce -0.8% | 0.08% | −0.01 |
| DHI D.R. Horton Inc. | Reduce -0.3% | 0.32% | −0.00 |
| LMT Lockheed Martin Corp. | Reduce -1.8% | 0.31% | −0.00 |
| ABNB Airbnb Inc. Class A | Reduce -7.8% | 0.12% | −0.00 |
| TER Teradyne Inc. | Reduce -5.3% | 0.17% | +0.00 |
| GLD SPDR Gold Shares | Reduce -0.2% | 0.47% | +0.02 |
| RTX RTX Corp. | Reduce -0.7% | 0.91% | +0.06 |
| MSFT Microsoft Corp. | Reduce -9.6% | 0.60% | +0.09 |
| MU Micron Technology Inc. | Reduce -2.5% | 0.51% | +0.13 |
| GOOGL Alphabet Inc. Class A | Reduce -1.0% | 1.59% | +0.15 |
| GOOG Alphabet Inc. Class C | Reduce -0.5% | 1.96% | +0.19 |
| AMZN Amazon.com Inc. | Reduce -1.0% | 3.04% | +0.32 |
| COST Costco Wholesale Corp. | Reduce -0.5% | 19.06% | +0.37 |
| ONON On Holding AG Class A | Reduce -1.1% | 3.04% | +0.39 |
| FWONK Liberty Media Corp.-Liberty-C | Reduce -0.7% | 3.81% | +0.43 |
| AXP American Express Co. | Reduce -0.1% | 3.72% | +0.51 |
Portfolio Buys Q1 2025 → Q2 2025
| LIBERTY MEDIA CORP-BRAVES C | Add +3.1% | 3.37% | +0.51 |
| CB Chubb Corp. | Add +0.9% | 0.42% | +0.42 |
| WCC Wesco International Inc. | New | 0.40% | +0.40 |
| FERG Ferguson Enterprises Inc. | Add +0.1% | 1.07% | +0.27 |
| EADSF Airbus SE | New | 0.26% | +0.26 |
| AMRZ Amrize Ltd. | New | 0.13% | +0.13 |
| GDXJ Vaneck Junior Gold Miners | Add +8.9% | 0.61% | +0.13 |
| GDX Market Vectors Gold Miners ETF | Add +3.0% | 0.91% | +0.11 |
| CVX Chevron Corp. | New | 0.08% | +0.08 |
| GE General Electric Company | New | 0.08% | +0.08 |
| FIS Fidelity National Info Serv | New | 0.07% | +0.07 |
| ECL Ecolab Inc. | New | 0.07% | +0.07 |
| UNP Union Pacific Corp. | Add +0.1% | 2.75% | −0.13 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 64 | $330.1M | COST, BRK.B, AAPL, V, MU |
| Q1 2026 | 65 | $302.5M | COST, BRK.B, AAPL, V, AXP |
| Q4 2025 | 61 | $310.3M | BRK.B, COST, V, AAPL, AXP |
| Q3 2025 | 64 | $312.9M | COST, BRK.B, V, AAPL, AXP |
| Q2 2025 | 64 | $302.2M | COST, BRK.B, V, AAPL, FWONK |
| Q1 2025 | 58 | $295.8M | BRK.B, COST, V, AAPL, FWONK |
| Q4 2024 | 58 | $303.9M | COST, BRK.B, AAPL, V, AXP |
| Q3 2024 | 61 | $302.1M | COST, BRK.B, AAPL, V, AXP |
| Q2 2024 | 57 | $285.8M | COST, BRK.B, AAPL, V, AXP |
| Q1 2024 | 58 | $268.4M | BRK.B, COST, V, AAPL, UNP |