Timucuan Asset Management Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Timucuan Asset Management Inc. reported 30 stock positions worth $3.2 billion. Its top holding was Progressive (PGR) at 8.7% of the portfolio, followed by Schwab (charles) (SCHW, 8.0%) and Somnigroup International (SGI, 7.9%). Compared with Q4 2024, it opened 3 new positions, added to 15 and reduced 8. The biggest buy was a new position in Installed Building Products (IBP) and the biggest sale American Express (AXP, shares −17%).
- Most Recent 13F
- Q2 2026
- Location
- JACKSONVILLE, FL
- CIK
- 0001034541
- Portfolio Value
- $3.2B (Q1 2025)
- SEC Filing
- 0001034541-25-000003 ↗ filed May 14, 2025
Holdings Value
Holdings 30 stocks · $3.2B
| PGR Progressive Corp. | 8.71% | 989,580 | $280.1M | Reduce -7.3% |
| SCHW Schwab (charles) Corp. | 7.96% | 3,272,118 | $256.1M | Reduce -0.2% |
| SGI Somnigroup International Inc. | 7.94% | 4,264,299 | $255.3M | Add +0.6% |
| BKNG Booking Holdings Inc. | 7.09% | 49,522 | $228.1M | Add +0.5% |
| AXP American Express Co. | 6.77% | 808,830 | $217.6M | Reduce -17.1% |
| FISV Fiserv Inc. | 6.28% | 914,987 | $202.1M | Add +13.4% |
| ADI Analog Devices Inc. | 5.93% | 945,479 | $190.7M | Add +1.0% |
| FND Floor & Decor Holdings Inc. Class A | 5.92% | 2,366,458 | $190.4M | Add +32.1% |
| THO Thor Industries Inc. | 5.77% | 2,448,401 | $185.6M | Add +20.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.55% | 335,249 | $178.5M | Reduce -1.1% |
| ABG Asbury Automotive Group | 4.90% | 713,158 | $157.5M | Add +0.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 4.62% | 186 | $148.5M | Reduce -7.9% |
| GOOG Alphabet Inc. Class C | 3.85% | 792,054 | $123.7M | Reduce -0.8% |
| AWI Armstrong World Industries | 3.76% | 859,264 | $121.1M | Reduce -7.0% |
| ANET Arista Networks Inc. | 2.82% | 1,171,746 | $90.8M | Add +0.3% |
| IBP Installed Building Products | 2.67% | 500,327 | $85.8M | New |
| MC Moelis & Co. Class A | 2.57% | 1,417,062 | $82.7M | Reduce -29.1% |
| NVR NVR Inc. | 2.55% | 11,316 | $82.0M | Add +2.1% |
| WSC Willscot Holdings Corp. | 2.21% | 2,561,275 | $71.2M | Add +1.7% |
| GOOS Canada Goose Holdings Inc. | 0.48% | 1,948,240 | $15.5M | Add +10.8% |
| BUR Burford Capital Ltd. | 0.45% | 1,103,573 | $14.6M | Add +0.0% |
| LKFN Lakeland Financial Corp. | 0.37% | 199,111 | $11.8M | Add +5.7% |
| PATK Patrick Industries Inc. | 0.36% | 136,000 | $11.5M | Add +7.9% |
| CLVT Clarivate PLC | 0.28% | 2,254,318 | $8.9M | New |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 0.05% | 10,000 | $1.7M | New |
| SW Smurfit Westrock PLC | 0.05% | 35,000 | $1.6M | No change |
| WHR Whirlpool Corp. | 0.04% | 12,500 | $1.1M | Add +66.7% |
| LCII Lci Industries | 0.03% | 10,818 | $946K | No change |
| GABC German American Bancorp | 0.02% | 15,000 | $563K | No change |
| GOOGL Alphabet Inc. Class A | 0.01% | 1,856 | $287K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| AXP American Express Co. | Reduce -17.1% | 6.77% | −2.09 |
| MC Moelis & Co. Class A | Reduce -29.1% | 2.57% | −1.95 |
| GOOG Alphabet Inc. Class C | Reduce -0.8% | 3.85% | −0.81 |
| AWI Armstrong World Industries | Reduce -7.0% | 3.76% | −0.23 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -7.9% | 4.62% | +0.41 |
| SCHW Schwab (charles) Corp. | Reduce -0.2% | 7.96% | +0.54 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.1% | 5.55% | +0.85 |
| PGR Progressive Corp. | Reduce -7.3% | 8.71% | +0.89 |
Portfolio Buys Q4 2024 → Q1 2025
| IBP Installed Building Products | New | 2.67% | +2.67 |
| FISV Fiserv Inc. | Add +13.4% | 6.28% | +1.21 |
| SGI Somnigroup International Inc. | Add +0.6% | 7.94% | +0.59 |
| FND Floor & Decor Holdings Inc. Class A | Add +32.1% | 5.92% | +0.46 |
| CLVT Clarivate PLC | New | 0.28% | +0.28 |
| IESC Ies Holdings Inc. | New | 0.05% | +0.05 |
| PATK Patrick Industries Inc. | Add +7.9% | 0.36% | +0.04 |
| BUR Burford Capital Ltd. | Add +0.0% | 0.45% | +0.02 |
| WHR Whirlpool Corp. | Add +66.7% | 0.04% | +0.01 |
| LKFN Lakeland Financial Corp. | Add +5.7% | 0.37% | −0.03 |
| GOOS Canada Goose Holdings Inc. | Add +10.8% | 0.48% | −0.06 |
| ADI Analog Devices Inc. | Add +1.0% | 5.93% | −0.16 |
| THO Thor Industries Inc. | Add +20.1% | 5.77% | −0.20 |
| NVR NVR Inc. | Add +2.1% | 2.55% | −0.22 |
| WSC Willscot Holdings Corp. | Add +1.7% | 2.21% | −0.36 |
| ABG Asbury Automotive Group | Add +0.8% | 4.90% | −0.37 |
| BKNG Booking Holdings Inc. | Add +0.5% | 7.09% | −0.40 |
| ANET Arista Networks Inc. | Add +0.3% | 2.82% | −1.13 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 27 | $2.7B | SCHW, SGI, BKNG, PGR, THO |
| Q1 2026 | 28 | $2.7B | SCHW, IBP, SGI, ADI, THO |
| Q4 2025 | 28 | $3.1B | SCHW, SGI, THO, BKNG, ADI |
| Q3 2025 | 28 | $3.4B | SCHW, THO, SGI, BKNG, ADI |
| Q2 2025 | 28 | $3.4B | SCHW, BKNG, SGI, AXP, PGR |
| Q1 2025 | 30 | $3.2B | PGR, SCHW, SGI, BKNG, AXP |
| Q4 2024 | 27 | $3.3B | AXP, PGR, BKNG, SCHW, SGI |
| Q3 2024 | 26 | $3.3B | PGR, BKNG, AXP, SGI, FND |
| Q2 2024 | 25 | $2.9B | PGR, BKNG, SCHW, AXP, ADI |
| Q1 2024 | 23 | $3.0B | PGR, SCHW, SGI, BKNG, FND |