Schwerin Boyle Capital Management Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), Schwerin Boyle Capital Management Inc. reported 46 stock positions worth $912.7 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 13.3% of the portfolio, followed by Alphabet Class C (GOOG, 7.6%) and Wells Fargo (WFC, 7.6%). Compared with Q3 2025, it opened 1 new position, sold out of 2, added to 2 and reduced 29. The biggest buy was Southwest Airlines (LUV, shares +76%) and the biggest sale an exit from Carmax (KMX).

Most Recent 13F
Q2 2026
Location
SPRINGFIELD, MA
CIK
0000937522
Portfolio Value
$912.7M (Q4 2025)
SEC Filing
0001376474-26-000166 ↗ filed Feb 12, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.0B Q1 2024 Q2 2024: $953.4M Q2 2024 Q3 2024: $954.6M Q3 2024 Q4 2024: $974.9M Q4 2024 Q1 2025: $970.1M Q1 2025 Q2 2025: $897.0M Q2 2025 Q3 2025: $914.9M Q3 2025 Q4 2025: $912.7M $912.7M Q4 2025 Q1 2026: $788.0M Q1 2026 Q2 2026: $816.0M Q2 2026

Holdings 46 stocks · $912.7M
BRK.B Berkshire Hathaway Inc. Class B 13.28% 241,158 $121.2M Reduce -1.0%
GOOG Alphabet Inc. Class C 7.63% 222,044 $69.7M Reduce -2.2%
WFC Wells Fargo & Co. 7.57% 741,252 $69.1M Reduce -0.7%
AXP American Express Co. 6.46% 159,329 $58.9M Reduce -1.2%
META Meta Platforms Inc. Class A 6.41% 88,617 $58.5M Reduce -0.8%
JPM JPMorgan Chase & Co. 4.22% 119,543 $38.5M Reduce -0.7%
MA Mastercard Inc. Class A 3.49% 55,750 $31.8M Reduce -0.5%
AYI Acuity Inc. 3.15% 79,918 $28.8M Reduce -0.9%
ACN Accenture PLC Class A 2.99% 101,784 $27.3M Reduce -0.4%
SPXC SPX Technologies Inc. 2.90% 132,450 $26.5M Reduce -1.4%
XOM Exxon Mobil Corp. 2.84% 215,592 $25.9M Reduce -0.7%
ST Sensata Technologies Holdplc 2.45% 672,875 $22.4M Reduce -0.8%
MCK McKesson Corp. 2.12% 23,550 $19.3M No change
L Loews Corp. 2.05% 177,451 $18.7M Reduce -0.5%
SCHF Schwab Intl Equity ETF 1.86% 706,500 $17.0M No change
AGCO Agco Corp. 1.85% 162,139 $16.9M Reduce -0.3%
VZ Verizon Communications Inc. 1.78% 398,864 $16.2M Reduce -0.1%
GNTX Gentex Corp. 1.77% 695,718 $16.2M No change
IT Gartner Inc. 1.77% 64,001 $16.1M Reduce -0.8%
VWO Vanguard Ftse Emerging Marke 1.74% 296,020 $15.9M No change
KO The Coca-Cola Co. 1.69% 220,250 $15.4M No change
PFE Pfizer Inc. 1.60% 584,768 $14.6M Reduce -1.1%
CTSH Cognizant Tech Solutions-A 1.34% 147,705 $12.3M No change
PSX Phillips 66 1.34% 94,491 $12.2M Reduce -0.4%
DG Dollar General Corp. 1.24% 85,201 $11.3M No change
OXY Occidental Petroleum Corp. 1.24% 274,388 $11.3M Reduce -38.6%
ALLE Allegion PLC 1.19% 68,340 $10.9M Reduce -0.6%
FISV Fiserv Inc. 1.17% 158,800 $10.7M Add +195.7%
SLB SLB Ltd. filed as SLB LIMITED 1.16% 275,345 $10.6M Reduce -0.8%
XMTR Xometry Inc. Class A 1.10% 168,840 $10.0M No change
AEBI Aebi Schmidt Holding AG 1.07% 774,059 $9.8M No change
COR Cencora Inc. 1.01% 27,225 $9.2M Reduce -8.4%
MSFT Microsoft Corp. 0.97% 18,400 $8.9M Reduce -1.1%
ICE Intercontinental Exchange Inc. 0.94% 52,975 $8.6M Reduce -0.2%
LUV Southwest Airlines Co. 0.93% 205,600 $8.5M Add +75.7%
FWONK Liberty Media Corp. Class C 0.81% 74,975 $7.4M No change
EVTC Evertec Inc. 0.69% 217,550 $6.3M No change
PYPL PayPal Holdings Inc. 0.64% 100,388 $5.9M Reduce -0.5%
DFJ Wisdomtree JPN S/C DVD Fund 0.62% 58,470 $5.6M No change
BUD Anheuser-Busch Inbev-SPN ADR 0.31% 43,727 $2.8M Reduce -4.7%
LLYVA Liberty Live Holdings Class A 0.29% 32,567 $2.7M Reduce -6.6%
BRK.A Berkshire Hathaway Inc. Class A 0.17% 2 $1.5M No change
WAB Wabtec Corp. 0.07% 2,992 $639K Reduce -0.4%
LLYVK Liberty Live Holdings Class C 0.03% 3,430 $285K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.02% 750 $222K New
DNOW Dnow Inc. 0.02% 12,684 $168K Reduce -0.9%

Portfolio Sells Q3 2025 → Q4 2025
KMX Carmax Inc. Sold out 0.00% −1.83
OXY Occidental Petroleum Corp. Reduce -38.6% 1.24% −1.07
CMCSA Comcast Corp. Class A Sold out 0.00% −0.85
META Meta Platforms Inc. Class A Reduce -0.8% 6.41% −0.77
ALLE Allegion PLC Reduce -0.6% 1.19% −0.14
VZ Verizon Communications Inc. Reduce -0.1% 1.78% −0.14
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.0% 13.28% −0.10
PYPL PayPal Holdings Inc. Reduce -0.5% 0.64% −0.10
IT Gartner Inc. Reduce -0.8% 1.77% −0.08
MSFT Microsoft Corp. Reduce -1.1% 0.97% −0.08
PSX Phillips 66 Reduce -0.4% 1.34% −0.07
LLYVA Liberty Live Holdings Class A Reduce -6.6% 0.29% −0.07
PFE Pfizer Inc. Reduce -1.1% 1.60% −0.05
AGCO Agco Corp. Reduce -0.3% 1.85% −0.05
ICE Intercontinental Exchange Inc. Reduce -0.2% 0.94% −0.04
COR Cencora Inc. Reduce -8.4% 1.01% −0.01
DNOW Dnow Inc. Reduce -0.9% 0.02% −0.00
MA Mastercard Inc. Class A Reduce -0.5% 3.49% +0.00
WAB Wabtec Corp. Reduce -0.4% 0.07% +0.00
BUD Anheuser-Busch Inbev-SPN ADR Reduce -4.7% 0.31% +0.01
JPM JPMorgan Chase & Co. Reduce -0.7% 4.22% +0.07
L Loews Corp. Reduce -0.5% 2.05% +0.09
SLB SLB Ltd. Reduce -0.8% 1.16% +0.12
AYI Acuity Inc. Reduce -0.9% 3.15% +0.12
SPXC SPX Technologies Inc. Reduce -1.4% 2.90% +0.16
XOM Exxon Mobil Corp. Reduce -0.7% 2.84% +0.17
ST Sensata Technologies Holdplc Reduce -0.8% 2.45% +0.19
ACN Accenture PLC Class A Reduce -0.4% 2.99% +0.24
AXP American Express Co. Reduce -1.2% 6.46% +0.60
WFC Wells Fargo & Co. Reduce -0.7% 7.57% +0.73
GOOG Alphabet Inc. Class C Reduce -2.2% 7.63% +1.59

Portfolio Buys Q3 2025 → Q4 2025
LUV Southwest Airlines Co. Add +75.7% 0.93% +0.52
FISV Fiserv Inc. Add +195.7% 1.17% +0.41
IBM Intl Business Machines Corp. New 0.02% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 49$816.0MBRK.B, GOOG, WFC, AXP, META
Q1 2026 47$788.0MBRK.B, WFC, META, GOOG, AXP
Q4 2025 46$912.7MBRK.B, GOOG, WFC, AXP, META
Q3 2025 47$914.9MBRK.B, META, WFC, GOOG, AXP
Q2 2025 51$897.0MBRK.B, META, WFC, AXP, GOOG
Q1 2025 53$970.1MBRK.B, META, WFC, AXP, GOOG
Q4 2024 53$974.9MBRK.B, META, WFC, AXP, GOOG
Q3 2024 53$954.6MBRK.B, META, AXP, WFC, GOOG
Q2 2024 51$953.4MBRK.B, META, GOOG, WFC, AXP
Q1 2024 52$1.0BBRK.B, META, AXP, WFC, GOOG