Timucuan Asset Management Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Timucuan Asset Management Inc. reported 28 stock positions worth $3.1 billion. Its top holding was Schwab (charles) (SCHW) at 9.8% of the portfolio, followed by Somnigroup International (SGI, 8.7%) and Thor Industries (THO, 8.7%). Compared with Q3 2025, it opened 2 new positions, sold out of 2, added to 2 and reduced 16. The biggest buy was Smurfit Westrock (SW, shares +111%) and the biggest sale an exit from Fiserv (FISV).
- Most Recent 13F
- Q2 2026
- Location
- JACKSONVILLE, FL
- CIK
- 0001034541
- Portfolio Value
- $3.1B (Q4 2025)
- SEC Filing
- 0001034541-26-000002 ↗ filed Feb 13, 2026
Holdings Value
Holdings 28 stocks · $3.1B
| SCHW Schwab (charles) Corp. | 9.81% | 3,024,563 | $302.2M | Reduce -3.4% |
| SGI Somnigroup International Inc. | 8.70% | 3,001,702 | $268.0M | Reduce -3.6% |
| THO Thor Industries Inc. | 8.66% | 2,599,470 | $266.9M | Reduce -2.2% |
| BKNG Booking Holdings Inc. | 8.24% | 47,377 | $253.7M | Reduce -2.0% |
| ADI Analog Devices Inc. | 8.10% | 919,575 | $249.4M | Reduce -1.9% |
| IBP Installed Building Products | 7.08% | 840,844 | $218.1M | Reduce -2.3% |
| AXP American Express Co. | 6.89% | 573,278 | $212.1M | Reduce -2.3% |
| PGR Progressive Corp. | 6.78% | 917,493 | $208.9M | Reduce -1.6% |
| ABG Asbury Automotive Group | 5.39% | 713,850 | $166.0M | Reduce -1.6% |
| FND Floor & Decor Holdings Inc. Class A | 5.06% | 2,559,288 | $155.8M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.03% | 308,025 | $154.8M | Reduce -3.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 4.21% | 172 | $129.8M | No change |
| ANET Arista Networks Inc. | 3.98% | 934,502 | $122.4M | Reduce -2.1% |
| AWI Armstrong World Industries | 3.55% | 571,690 | $109.2M | Reduce -2.0% |
| MC Moelis & Co. Class A | 3.14% | 1,405,796 | $96.6M | Reduce -1.1% |
| NVR NVR Inc. | 2.67% | 11,271 | $82.2M | Reduce -0.8% |
| GOOS Canada Goose Holdings Inc. | 0.81% | 1,937,925 | $25.1M | No change |
| PATK Patrick Industries Inc. | 0.48% | 136,000 | $14.7M | No change |
| LKFN Lakeland Financial Corp. | 0.37% | 199,761 | $11.4M | No change |
| BUR Burford Capital Ltd. | 0.32% | 1,103,016 | $9.8M | No change |
| CLVT Clarivate PLC | 0.24% | 2,250,000 | $7.5M | No change |
| LCII Lci Industries | 0.14% | 35,318 | $4.3M | No change |
| SW Smurfit Westrock PLC | 0.12% | 95,000 | $3.7M | Add +111.1% |
| WHR Whirlpool Corp. | 0.10% | 42,500 | $3.1M | Add +142.9% |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 0.06% | 5,000 | $1.9M | Reduce -50.0% |
| IP International Paper Co. | 0.04% | 30,400 | $1.2M | New |
| GABC German American Bancorp | 0.02% | 15,000 | $588K | No change |
| KMB Kimberly-Clark Corp. | 0.02% | 5,000 | $504K | New |
Portfolio Sells Q3 2025 → Q4 2025
| FISV Fiserv Inc. | Sold out | 0.00% | −5.90 |
| WSC Willscot Holdings Corp. | Sold out | 0.00% | −1.63 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -0.7% | 5.06% | −0.51 |
| ANET Arista Networks Inc. | Reduce -2.1% | 3.98% | −0.10 |
| IESC Ies Holdings Inc. | Reduce -50.0% | 0.06% | −0.05 |
| NVR NVR Inc. | Reduce -0.8% | 2.67% | −0.01 |
| PGR Progressive Corp. | Reduce -1.6% | 6.78% | +0.04 |
| MC Moelis & Co. Class A | Reduce -1.1% | 3.14% | +0.17 |
| ABG Asbury Automotive Group | Reduce -1.6% | 5.39% | +0.19 |
| AWI Armstrong World Industries | Reduce -2.0% | 3.55% | +0.20 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.1% | 5.03% | +0.34 |
| BKNG Booking Holdings Inc. | Reduce -2.0% | 8.24% | +0.59 |
| THO Thor Industries Inc. | Reduce -2.2% | 8.66% | +0.59 |
| IBP Installed Building Products | Reduce -2.3% | 7.08% | +0.86 |
| SGI Somnigroup International Inc. | Reduce -3.6% | 8.70% | +1.00 |
| SCHW Schwab (charles) Corp. | Reduce -3.4% | 9.81% | +1.05 |
| AXP American Express Co. | Reduce -2.3% | 6.89% | +1.18 |
| ADI Analog Devices Inc. | Reduce -1.9% | 8.10% | +1.35 |
Portfolio Buys Q3 2025 → Q4 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 |