Venator Management LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Venator Management LLC reported 27 stock positions worth $415.2 million. Its top holding was Alphabet Class C (GOOG) at 15.5% of the portfolio, followed by Amazon.com (AMZN, 11.7%) and Visa Class A (V, 10.9%). Compared with Q4 2025, it opened 4 new positions, sold out of 3, added to 8 and reduced 14. The biggest buy was a new position in Intuit (INTU) and the biggest sale Meta Platforms Class A (META, shares −42%).

Most Recent 13F
Q2 2026
Location
PITTSBURGH, PA
CIK
0001838211
Portfolio Value
$415.2M (Q1 2026)
SEC Filing
0001838211-26-000005 ↗ filed May 14, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $337.4M Q1 2024 Q2 2024: $330.7M Q2 2024 Q3 2024: $345.4M Q3 2024 Q4 2024: $347.2M Q4 2024 Q1 2025: $335.2M Q1 2025 Q2 2025: $386.7M Q2 2025 Q3 2025: $419.6M Q3 2025 Q4 2025: $443.1M Q4 2025 Q1 2026: $415.2M $415.2M Q1 2026 Q2 2026: $443.4M Q2 2026

Holdings 27 stocks · $415.2M
GOOG Alphabet Inc. Class C 15.52% 224,640 $64.4M Reduce -0.3%
AMZN Amazon.com Inc. 11.70% 233,182 $48.6M Add +0.4%
V Visa Inc. Class A 10.85% 149,115 $45.1M Add +20.2%
GOOGL Alphabet Inc. Class A 9.75% 140,804 $40.5M Reduce -2.8%
NFLX Netflix Inc. 8.95% 386,525 $37.2M Add +42.8%
UBER Uber Technologies Inc. 5.86% 338,180 $24.3M Reduce -4.2%
NVR NVR Inc. 4.59% 2,892 $19.1M Reduce -1.1%
BWIN Baldwin Insurance Group Inc./ filed as THE BALDWIN INSURANCE GRP IN 4.09% 773,345 $17.0M Reduce -0.1%
META Meta Platforms Inc. Class A 4.06% 29,450 $16.8M Reduce -41.5%
INTU Intuit Inc. 4.05% 38,936 $16.8M New
JPM JPMorgan Chase & Co. 3.56% 50,215 $14.8M Reduce -9.5%
COF Capital One Financial Corp. 3.34% 75,990 $13.9M Add +14.5%
FISV Fiserv Inc. 2.19% 162,965 $9.1M Add +116.2%
BRK.B Berkshire Hathaway Inc. Class B 2.09% 18,075 $8.7M Reduce -0.8%
TTAM Titan America SA 1.93% 535,510 $8.0M Add +2.5%
SBUX Starbucks Corp. 1.81% 83,725 $7.5M Reduce -21.4%
UNH Unitedhealth Group Inc. 1.49% 22,890 $6.2M Reduce -6.8%
ELV Elevance Health Inc. 1.45% 20,585 $6.0M Reduce -25.5%
CZR Caesars Entertainment Inc. 0.56% 88,725 $2.3M Reduce -62.1%
DECK Deckers Outdoor Corp. 0.54% 22,500 $2.3M Add +12.5%
BRK.A Berkshire Hathaway Inc. Class A 0.35% 2 $1.4M No change
FCNCA First Citizens Bcshs Class A 0.31% 686 $1.3M Reduce -64.3%
ABNB Airbnb Inc. Class A 0.30% 10,000 $1.3M New
SPGI S&P Global Inc. 0.26% 2,500 $1.1M New
TMUS T-Mobile US Inc. 0.23% 4,600 $966K Reduce -11.5%
MRSH Marsh & McLennan Cos 0.13% 3,000 $520K Add +11.1%
BRO Brown & Brown Inc. 0.05% 3,200 $209K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $635K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 550$635KAdd +22.2%

Total filed on the 13F, all lines: $415.9M.

Portfolio Sells Q4 2025 → Q1 2026
META Meta Platforms Inc. Class A Reduce -41.5% 4.06% −3.45
ECHO Echostar Corp. Class A Sold out 0.00% −0.76
ELV Elevance Health Inc. Reduce -25.5% 1.45% −0.73
CZR Caesars Entertainment Inc. Reduce -62.1% 0.56% −0.67
UBER Uber Technologies Inc. Reduce -4.2% 5.86% −0.65
FCNCA First Citizens Bcshs Class A Reduce -64.3% 0.31% −0.62
GOOGL Alphabet Inc. Class A Reduce -2.8% 9.75% −0.49
JPM JPMorgan Chase & Co. Reduce -9.5% 3.56% −0.48
GOOG Alphabet Inc. Class C Reduce -0.3% 15.52% −0.45
UNH Unitedhealth Group Inc. Reduce -6.8% 1.49% −0.34
NVR NVR Inc. Reduce -1.1% 4.59% −0.22
SBUX Starbucks Corp. Reduce -21.4% 1.81% −0.22
EADSY Airbus SE - Unsp ADR Sold out 0.00% −0.12
BWIN Baldwin Insurance Group Inc./ Reduce -0.1% 4.09% −0.11
PGR Progressive Corp. Sold out 0.00% −0.06
TMUS T-Mobile US Inc. Reduce -11.5% 0.23% −0.01
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.8% 2.09% +0.02

Portfolio Buys Q4 2025 → Q1 2026
INTU Intuit Inc. New 4.05% +4.05
NFLX Netflix Inc. Add +42.8% 8.95% +3.22
FISV Fiserv Inc. Add +116.2% 2.19% +1.05
V Visa Inc. Class A Add +20.2% 10.85% +1.03
ABNB Airbnb Inc. Class A New 0.30% +0.30
SPGI S&P Global Inc. New 0.26% +0.26
DECK Deckers Outdoor Corp. Add +12.5% 0.54% +0.07
BRO Brown & Brown Inc. New 0.05% +0.05
MRSH Marsh & McLennan Cos Add +11.1% 0.13% +0.01
TTAM Titan America SA Add +2.5% 1.93% −0.01
COF Capital One Financial Corp. Add +14.5% 3.34% −0.29
AMZN Amazon.com Inc. Add +0.4% 11.70% −0.40

Notes & Other Activity Q4 2025 → Q1 2026
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Add +22.2% 550 $635K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 26$443.4MGOOG, AMZN, V, GOOGL, NFLX
Q1 2026 27$415.2MGOOG, AMZN, V, GOOGL, NFLX
Q4 2025 26$443.1MGOOG, AMZN, GOOGL, V, META
Q3 2025 25$419.6MGOOG, AMZN, META, V, UBER
Q2 2025 23$386.7MAMZN, META, GOOG, UBER, V
Q1 2025 22$335.2MAMZN, V, GOOG, BWIN, META
Q4 2024 24$347.2MGOOG, AMZN, META, V, NFLX
Q3 2024 23$345.4MGOOG, BWIN, META, AMZN, UBER
Q2 2024 25$330.7MGOOG, AMZN, UBER, META, NFLX
Q1 2024 27$337.4MUBER, GOOG, AMZN, META, NFLX