Norman Fields, Gottscho Capital Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 9, 2025), Norman Fields, Gottscho Capital Management, LLC reported 64 stock positions worth $312.9 million. Its top holding was Costco Wholesale (COST) at 17.1% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 17.1%) and Visa Class A (V, 10.4%). Compared with Q2 2025, it opened 4 new positions, sold out of 4, added to 12 and reduced 22. The biggest buy was Wesco International (WCC, shares +113%) and the biggest sale Costco Wholesale (COST, shares −1%).

Most Recent 13F
Q2 2026
Location
NEW YORK, NY
CIK
0001352449
Portfolio Value
$312.9M (Q3 2025)
SEC Filing
0001352449-25-000006 ↗ filed Oct 9, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $268.4M Q1 2024 Q2 2024: $285.8M Q2 2024 Q3 2024: $302.1M Q3 2024 Q4 2024: $303.9M Q4 2024 Q1 2025: $295.8M Q1 2025 Q2 2025: $302.2M Q2 2025 Q3 2025: $312.9M $312.9M Q3 2025 Q4 2025: $310.3M Q4 2025 Q1 2026: $302.5M Q1 2026 Q2 2026: $330.1M Q2 2026

Holdings 64 stocks · $312.9M
COST Costco Wholesale Corp. 17.13% 57,904 $53.6M Reduce -0.5%
BRK.B Berkshire Hathaway Inc. Class B 17.12% 106,570 $53.6M Reduce -0.6%
V Visa Inc. Class A 10.36% 94,933 $32.4M Add +0.0%
AAPL Apple Inc. 9.78% 120,133 $30.6M Reduce -1.4%
AXP American Express Co. 3.72% 35,005 $11.6M Reduce -0.6%
FWONK Liberty Media Corp.-Liberty-C 3.69% 110,384 $11.5M Add +0.3%
MA Mastercard Inc. Class A 3.15% 17,323 $9.9M Reduce -0.1%
AMZN Amazon.com Inc. 2.94% 41,830 $9.2M Reduce -0.2%
UNP Union Pacific Corp. 2.71% 35,934 $8.5M Reduce -0.5%
LIBERTY MEDIA CORP-BRAVES C filed as Atlanta Braves Holdings, Inc. 2.71% 203,955 $8.5M Reduce -6.4%
GOOG Alphabet Inc. Class C 2.60% 33,419 $8.1M No change
PKG Packaging Corp. of America 2.46% 35,274 $7.7M Reduce -0.3%
ONON On Holding AG Class A filed as ON HLDG AG 2.29% 169,195 $7.2M Reduce -4.1%
GOOGL Alphabet Inc. Class A 2.12% 27,260 $6.6M No change
GDX Market Vectors Gold Miners ETF 1.32% 54,040 $4.1M Add +2.5%
FERG Ferguson Enterprises Inc. 1.07% 14,973 $3.4M Add +0.9%
RTX RTX Corp. 1.01% 18,823 $3.1M Add +0.2%
WCC Wesco International Inc. 0.93% 13,785 $2.9M Add +112.7%
GDXJ Vaneck Junior Gold Miners 0.90% 28,326 $2.8M Add +3.6%
NVO Novo-Nordisk A/S-Spons ADR 0.80% 45,137 $2.5M Add +2.7%
MU Micron Technology Inc. 0.67% 12,520 $2.1M No change
GHC Graham Holdings Co. Class B 0.60% 1,604 $1.9M Reduce -13.3%
MSFT Microsoft Corp. 0.60% 3,604 $1.9M Reduce -1.8%
GLD SPDR Gold Shares 0.56% 4,886 $1.7M Add +3.9%
SBUX Starbucks Corp. 0.54% 20,052 $1.7M Reduce -1.3%
LHX L3HARRIS Technologies Inc. 0.53% 5,380 $1.6M No change
A Agilent Technologies Inc. 0.48% 11,735 $1.5M Reduce -28.2%
FFXDF Fairfax India Ho-Sub VTG SHS 0.46% 84,350 $1.5M New
NOC Northrop Grumman Corp. 0.45% 2,310 $1.4M Reduce -4.2%
DHI D.R. Horton Inc. 0.41% 7,575 $1.3M No change
LLY Eli Lilly & Co. 0.36% 1,480 $1.1M No change
DE Deere & Co. 0.34% 2,350 $1.1M No change
ABT Abbott Laboratories 0.32% 7,478 $1.0M No change
NSC Norfolk Southern Corp. 0.31% 3,265 $981K No change
CB Chubb Corp. 0.31% 3,453 $975K Reduce -21.8%
EFX Equifax Inc. 0.30% 3,600 $924K No change
EADSF Airbus SE 0.28% 3,845 $891K Add +4.1%
ABBV Abbvie Inc. 0.27% 3,606 $835K No change
LMT Lockheed Martin Corp. 0.27% 1,672 $835K Reduce -18.4%
TER Teradyne Inc. 0.26% 5,825 $802K No change
CCC CCC Intelligent Solutions Ho 0.22% 73,825 $673K New
MGRC McGrath Rentcorp 0.21% 5,550 $651K No change
JNJ Johnson & Johnson 0.18% 3,106 $576K Reduce -30.8%
UHAL.B U-Haul Holding Co.-Non Voting 0.18% 11,039 $562K Reduce -9.3%
NVDA Nvidia Corp. 0.17% 2,870 $535K No change
AMRZ Amrize Ltd. 0.16% 10,155 $493K Add +24.8%
MKL Markel Group Inc. 0.15% 250 $478K No change
LEN Lennar Corp. Class A 0.15% 3,607 $455K No change
POOL Pool Corp. 0.14% 1,395 $433K New
EPD Enterprise Products Partners 0.13% 12,490 $391K No change
OHI Omega Healthcare Investors 0.12% 9,000 $380K No change
ABNB Airbnb Inc. Class A 0.12% 3,095 $376K Add +17.0%
XYL Xylem Inc. 0.11% 2,330 $344K No change
KEX Kirby Corp. 0.11% 4,000 $334K No change
ADP Automatic Data Processing 0.11% 1,136 $333K No change
HOLX Hologic Inc. 0.10% 4,600 $310K No change
GE General Electric Company 0.09% 940 $283K No change
SPB Spectrum Brands Holdings Inc. 0.09% 5,174 $272K Reduce -47.0%
ALC Alcon Inc. filed as ALCON AG 0.09% 3,609 $269K No change
CVX Chevron Corp. 0.08% 1,540 $239K Reduce -13.2%
DUK Duke Energy Corp. 0.07% 1,774 $220K Reduce -2.4%
ECL Ecolab Inc. 0.07% 756 $207K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.07% 1,886 $205K New
GCI LIBERTY INC XXX SUBMITTED FOR ESCROW CL A filed as ESC GCI LIBERTY INC SHS 0.00% 12,350 $0 No change

Portfolio Sells Q2 2025 → Q3 2025
COST Costco Wholesale Corp. Reduce -0.5% 17.13% −1.93
ONON On Holding AG Class A Reduce -4.1% 2.29% −0.75
LIBERTY MEDIA CORP-BRAVES C Reduce -6.4% 2.71% −0.66
A Agilent Technologies Inc. Reduce -28.2% 0.48% −0.16
DEO Diageo PLC-Sponsored ADR Sold out 0.00% −0.11
CB Chubb Corp. Reduce -21.8% 0.31% −0.11
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.6% 17.12% −0.11
UHAL U-Haul Holding Co. Sold out 0.00% −0.11
AMZN Amazon.com Inc. Reduce -0.2% 2.94% −0.11
SPB Spectrum Brands Holdings Inc. Reduce -47.0% 0.09% −0.08
KDP Keurig Dr Pepper Inc. Sold out 0.00% −0.08
SBUX Starbucks Corp. Reduce -1.3% 0.54% −0.07
MA Mastercard Inc. Class A Reduce -0.1% 3.15% −0.07
FIS Fidelity National Info Serv Sold out 0.00% −0.07
LMT Lockheed Martin Corp. Reduce -18.4% 0.27% −0.05
JNJ Johnson & Johnson Reduce -30.8% 0.18% −0.04
UHAL.B U-Haul Holding Co.-Non Voting Reduce -9.3% 0.18% −0.04
UNP Union Pacific Corp. Reduce -0.5% 2.71% −0.03
CVX Chevron Corp. Reduce -13.2% 0.08% −0.01
MSFT Microsoft Corp. Reduce -1.8% 0.60% −0.01
DUK Duke Energy Corp. Reduce -2.4% 0.07% −0.00
AXP American Express Co. Reduce -0.6% 3.72% 0.00
GHC Graham Holdings Co. Class B Reduce -13.3% 0.60% +0.02
NOC Northrop Grumman Corp. Reduce -4.2% 0.45% +0.05
PKG Packaging Corp. of America Reduce -0.3% 2.46% +0.25
AAPL Apple Inc. Reduce -1.4% 9.78% +1.51

Portfolio Buys Q2 2025 → Q3 2025
WCC Wesco International Inc. Add +112.7% 0.93% +0.53
FFXDF Fairfax India Ho-Sub VTG SHS New 0.46% +0.46
GDX Market Vectors Gold Miners ETF Add +2.5% 1.32% +0.41
GDXJ Vaneck Junior Gold Miners Add +3.6% 0.90% +0.29
CCC CCC Intelligent Solutions Ho New 0.22% +0.22
POOL Pool Corp. New 0.14% +0.14
RTX RTX Corp. Add +0.2% 1.01% +0.10
GLD SPDR Gold Shares Add +3.9% 0.56% +0.08
BNY Bank of New York Mellon Corp. New 0.07% +0.07
EADSF Airbus SE Add +4.1% 0.28% +0.03
AMRZ Amrize Ltd. Add +24.8% 0.16% +0.02
FERG Ferguson Enterprises Inc. Add +0.9% 1.07% +0.01
ABNB Airbnb Inc. Class A Add +17.0% 0.12% +0.00
FWONK Liberty Media Corp.-Liberty-C Add +0.3% 3.69% −0.12
NVO Novo-Nordisk A/S-Spons ADR Add +2.7% 0.80% −0.20
V Visa Inc. Class A Add +0.0% 10.36% −0.79

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 64$330.1MCOST, BRK.B, AAPL, V, MU
Q1 2026 65$302.5MCOST, BRK.B, AAPL, V, AXP
Q4 2025 61$310.3MBRK.B, COST, V, AAPL, AXP
Q3 2025 64$312.9MCOST, BRK.B, V, AAPL, AXP
Q2 2025 64$302.2MCOST, BRK.B, V, AAPL, FWONK
Q1 2025 58$295.8MBRK.B, COST, V, AAPL, FWONK
Q4 2024 58$303.9MCOST, BRK.B, AAPL, V, AXP
Q3 2024 61$302.1MCOST, BRK.B, AAPL, V, AXP
Q2 2024 57$285.8MCOST, BRK.B, AAPL, V, AXP
Q1 2024 58$268.4MBRK.B, COST, V, AAPL, UNP