ACADEMY CAPITAL MANAGEMENT
SEC Form 13F institutional filer · CIK 0001031972
13F-HR · 26 reported holdings · 2026-03-31
Reported long-US-equity value
$0.53B
Top-10 concentration
88.9%
ACADEMY CAPITAL MANAGEMENT — $534M AUM allocation strategy
ACADEMY CAPITAL MANAGEMENT files SEC Form 13F and reports $534M of long US equity value across 26 reported holdings for 2026-03-31.
Its largest sector bet is Communication Services 28.9%, followed by Financials 23.9% and Information Technology 22.1%.
The top 10 holdings account for 89% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
ACADEMY CAPITAL MANAGEMENT — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$534M
total across 26 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
89% of value
higher = narrower conviction; lower = spread / hedging
Biggest trims (shares)
−$AAPL −10.3K sh · −$7.8M−$PEP −8.99K sh · −$1.24M−$AMZN −8.25K sh · −$7.7M
Exited to nil (held last quarter, gone now)
$CME ($3.26M last qtr)$TSLA ($284K last qtr)$LUV ($270K last qtr)$EMR ($217K last qtr)$APD ($209K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Interactive Media & Services28.9%—
- Technology Hardware, Storage & Peripherals13.1%—
- Broadline Retail10.1%—
- Multi-Sector Holdings9.5%—
- Transaction & Payment Processing Services9.4%—
- Systems Software8.9%—
- Pharmaceuticals5.1%—
- Managed Health Care4.3%—
- Other holdings10.8%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $AAPL | Apple Inc | 276K | $70.1M | -10.3K | 13.1% |
| $GOOGL | Alphabet Inc | 201K | $57.6M | -7.11K | 10.8% |
| $AMZN | Amazon.com Inc | 257K | $53.6M | -8.25K | 10.0% |
| $BRK.B | Berkshire Hathaway Inc.-Class B | 105K | $50.4M | -2.95K | 9.4% |
| $META | Meta Platforms Inc | 87.8K | $50.2M | -2.77K | 9.4% |
| $MA | Mastercard Incorporated | 98.5K | $49.2M | -3.29K | 9.2% |
| $MSFT | Microsoft Corporation | 127K | $47.2M | -3.96K | 8.8% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 162K | $46.7M | -5.76K | 8.7% |
| $ZTS | Zoetis Inc | 228K | $27M | -6.2K | 5.1% |
| $UNH | UnitedHealth Group Incorporated | 84.8K | $23M | -1.19K | 4.3% |
…and 16 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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