Venator Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Venator Management LLC reported 22 stock positions worth $335.2 million. Its top holding was Amazon.com (AMZN) at 10.7% of the portfolio, followed by Visa Class A (V, 10.7%) and Alphabet Class C (GOOG, 10.6%). Compared with Q4 2024, it opened 3 new positions, sold out of 5, added to 8 and reduced 9. The biggest buy was Baldwin Insurance Group Inc./ (BWIN, shares +4%) and the biggest sale Netflix (NFLX, shares −30%).
- Most Recent 13F
- Q2 2026
- Location
- PITTSBURGH, PA
- CIK
- 0001838211
- Portfolio Value
- $335.2M (Q1 2025)
- SEC Filing
- 0001838211-25-000005 ↗ filed May 14, 2025
Holdings Value
Holdings 22 stocks · $335.2M
| AMZN Amazon.com Inc. | 10.70% | 188,420 | $35.8M | Add +5.2% |
| V Visa Inc. Class A | 10.65% | 101,860 | $35.7M | Reduce -1.3% |
| GOOG Alphabet Inc. Class C | 10.64% | 228,215 | $35.7M | Add +0.0% |
| BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN | 10.06% | 754,845 | $33.7M | Add +4.5% |
| META Meta Platforms Inc. Class A | 9.56% | 55,597 | $32.0M | Reduce -5.0% |
| UBER Uber Technologies Inc. | 8.79% | 404,200 | $29.5M | Reduce -3.0% |
| NFLX Netflix Inc. | 7.02% | 25,247 | $23.5M | Reduce -30.4% |
| GOOGL Alphabet Inc. Class A | 6.38% | 138,230 | $21.4M | Reduce -0.3% |
| NVR NVR Inc. | 5.93% | 2,745 | $19.9M | Add +11.6% |
| JPM JPMorgan Chase & Co. | 4.14% | 56,570 | $13.9M | Reduce -1.2% |
| CZR Caesars Entertainment Inc. | 3.09% | 414,290 | $10.4M | Add +2.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.02% | 18,998 | $10.1M | Reduce -25.5% |
| COF Capital One Financial Corp. | 2.88% | 53,912 | $9.7M | Add +7.7% |
| SBUX Starbucks Corp. | 2.39% | 81,835 | $8.0M | Add +11.0% |
| STZ Constellation Brands Inc. Class A | 1.61% | 29,453 | $5.4M | New |
| EADSY Airbus SE - Unsp ADR | 0.68% | 51,815 | $2.3M | Reduce -2.7% |
| TMUS T-Mobile US Inc. | 0.50% | 6,312 | $1.7M | No change |
| OSCR Oscar Health Inc. Class A | 0.49% | 125,000 | $1.6M | Add +25.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.48% | 2 | $1.6M | New |
| XPEL Xpel Inc. | 0.44% | 50,000 | $1.5M | No change |
| APO Apollo Global Management Inc. | 0.31% | 7,640 | $1.0M | Reduce -15.8% |
| TTAM Titan America SA | 0.23% | 57,176 | $773K | New |
Portfolio Sells Q4 2024 → Q1 2025
| NFLX Netflix Inc. | Reduce -30.4% | 7.02% | −2.28 |
| GOOGL Alphabet Inc. Class A | Reduce -0.3% | 6.38% | −1.18 |
| TSVT 2SEVENTY Bio Inc. | Sold out | 0.00% | −0.49 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -25.5% | 3.02% | −0.31 |
| META Meta Platforms Inc. Class A | Reduce -5.0% | 9.56% | −0.30 |
| APO Apollo Global Management Inc. | Reduce -15.8% | 0.31% | −0.12 |
| LBRDK Liberty Broadband-C | Sold out | 0.00% | −0.11 |
| LBRDA Liberty Broadband-A | Sold out | 0.00% | −0.11 |
| CHTR Charter Communications Inc. Class A | Sold out | 0.00% | −0.10 |
| NNI Nelnet Inc. Class A | Sold out | 0.00% | −0.06 |
| EADSY Airbus SE - Unsp ADR | Reduce -2.7% | 0.68% | +0.07 |
| JPM JPMorgan Chase & Co. | Reduce -1.2% | 4.14% | +0.19 |
| V Visa Inc. Class A | Reduce -1.3% | 10.65% | +1.26 |
| UBER Uber Technologies Inc. | Reduce -3.0% | 8.79% | +1.55 |
Portfolio Buys Q4 2024 → Q1 2025
| BWIN Baldwin Insurance Group Inc./ | Add +4.5% | 10.06% | +2.00 |
| STZ Constellation Brands Inc. Class A | New | 1.61% | +1.61 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.48% | +0.48 |
| SBUX Starbucks Corp. | Add +11.0% | 2.39% | +0.46 |
| COF Capital One Financial Corp. | Add +7.7% | 2.88% | +0.31 |
| TTAM Titan America SA | New | 0.23% | +0.23 |
| NVR NVR Inc. | Add +11.6% | 5.93% | +0.14 |
| OSCR Oscar Health Inc. Class A | Add +25.0% | 0.49% | +0.10 |
| AMZN Amazon.com Inc. | Add +5.2% | 10.70% | −0.62 |
| CZR Caesars Entertainment Inc. | Add +2.5% | 3.09% | −0.80 |
| GOOG Alphabet Inc. Class C | Add +0.0% | 10.64% | −1.88 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 26 | $443.4M | GOOG, AMZN, V, GOOGL, NFLX |
| Q1 2026 | 27 | $415.2M | GOOG, AMZN, V, GOOGL, NFLX |
| Q4 2025 | 26 | $443.1M | GOOG, AMZN, GOOGL, V, META |
| Q3 2025 | 25 | $419.6M | GOOG, AMZN, META, V, UBER |
| Q2 2025 | 23 | $386.7M | AMZN, META, GOOG, UBER, V |
| Q1 2025 | 22 | $335.2M | AMZN, V, GOOG, BWIN, META |
| Q4 2024 | 24 | $347.2M | GOOG, AMZN, META, V, NFLX |
| Q3 2024 | 23 | $345.4M | GOOG, BWIN, META, AMZN, UBER |
| Q2 2024 | 25 | $330.7M | GOOG, AMZN, UBER, META, NFLX |
| Q1 2024 | 27 | $337.4M | UBER, GOOG, AMZN, META, NFLX |