Timucuan Asset Management Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Timucuan Asset Management Inc. reported 28 stock positions worth $3.4 billion. Its top holding was Schwab (charles) (SCHW) at 8.8% of the portfolio, followed by Thor Industries (THO, 8.1%) and Somnigroup International (SGI, 7.7%). Compared with Q2 2025, it added to 5 and reduced 14. The biggest buy was NVR (NVR, shares +0%) and the biggest sale American Express (AXP, shares −27%).
- Most Recent 13F
- Q2 2026
- Location
- JACKSONVILLE, FL
- CIK
- 0001034541
- Portfolio Value
- $3.4B (Q3 2025)
- SEC Filing
- 0001034541-25-000008 ↗ filed Nov 13, 2025
Holdings Value
Holdings 28 stocks · $3.4B
| SCHW Schwab (charles) Corp. | 8.76% | 3,131,888 | $299.0M | Reduce -2.0% |
| THO Thor Industries Inc. | 8.08% | 2,658,436 | $275.7M | Reduce -0.6% |
| SGI Somnigroup International Inc. | 7.70% | 3,114,751 | $262.7M | Reduce -22.0% |
| BKNG Booking Holdings Inc. | 7.65% | 48,356 | $261.1M | Reduce -1.3% |
| ADI Analog Devices Inc. | 6.75% | 937,259 | $230.3M | Reduce -0.8% |
| PGR Progressive Corp. | 6.74% | 931,923 | $230.1M | Reduce -1.0% |
| IBP Installed Building Products | 6.22% | 860,580 | $212.3M | Reduce -0.7% |
| FISV Fiserv Inc. | 5.90% | 1,561,524 | $201.3M | Add +29.0% |
| AXP American Express Co. | 5.71% | 586,471 | $194.8M | Reduce -27.4% |
| FND Floor & Decor Holdings Inc. Class A | 5.57% | 2,577,739 | $190.0M | Reduce -0.1% |
| ABG Asbury Automotive Group | 5.20% | 725,561 | $177.4M | Add +0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.69% | 318,022 | $159.9M | Reduce -0.9% |
| ANET Arista Networks Inc. | 4.08% | 954,469 | $139.1M | Reduce -19.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 3.80% | 172 | $129.7M | Reduce -2.3% |
| AWI Armstrong World Industries | 3.35% | 583,488 | $114.4M | Reduce -30.5% |
| MC Moelis & Co. Class A | 2.97% | 1,421,715 | $101.4M | Reduce -0.2% |
| NVR NVR Inc. | 2.67% | 11,361 | $91.3M | Add +0.3% |
| WSC Willscot Holdings Corp. | 1.63% | 2,636,203 | $55.7M | Add +2.4% |
| GOOS Canada Goose Holdings Inc. | 0.78% | 1,937,925 | $26.7M | No change |
| PATK Patrick Industries Inc. | 0.41% | 136,000 | $14.1M | No change |
| BUR Burford Capital Ltd. | 0.39% | 1,103,016 | $13.2M | No change |
| LKFN Lakeland Financial Corp. | 0.38% | 199,761 | $12.8M | Add +0.3% |
| CLVT Clarivate PLC | 0.25% | 2,250,000 | $8.6M | No change |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 0.12% | 10,000 | $4.0M | No change |
| LCII Lci Industries | 0.10% | 35,318 | $3.3M | No change |
| SW Smurfit Westrock PLC | 0.06% | 45,000 | $1.9M | No change |
| WHR Whirlpool Corp. | 0.04% | 17,500 | $1.4M | No change |
| GABC German American Bancorp | 0.02% | 15,000 | $589K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| AXP American Express Co. | Reduce -27.4% | 5.71% | −1.83 |
| BKNG Booking Holdings Inc. | Reduce -1.3% | 7.65% | −0.65 |
| AWI Armstrong World Industries | Reduce -30.5% | 3.35% | −0.64 |
| PGR Progressive Corp. | Reduce -1.0% | 6.74% | −0.60 |
| SGI Somnigroup International Inc. | Reduce -22.0% | 7.70% | −0.25 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -0.1% | 5.57% | −0.17 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -2.3% | 3.80% | +0.05 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.9% | 4.69% | +0.13 |
| ADI Analog Devices Inc. | Reduce -0.8% | 6.75% | +0.17 |
| SCHW Schwab (charles) Corp. | Reduce -2.0% | 8.76% | +0.23 |
| MC Moelis & Co. Class A | Reduce -0.2% | 2.97% | +0.37 |
| ANET Arista Networks Inc. | Reduce -19.2% | 4.08% | +0.54 |
| THO Thor Industries Inc. | Reduce -0.6% | 8.08% | +1.13 |
| IBP Installed Building Products | Reduce -0.7% | 6.22% | +1.65 |
Portfolio Buys Q2 2025 → Q3 2025
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 |