Capco Asset Management, LLC
SEC Form 13F institutional filer · CIK 0001698068
13F-HR · 17 reported holdings · 2026-03-31
Reported long-US-equity value
$0.27B
Top-10 concentration
99.7%
Capco Asset Management, LLC — $266M AUM allocation strategy
Capco Asset Management, LLC files SEC Form 13F and reports $266M of long US equity value across 17 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 43.3%, followed by Consumer Discretionary 35.3% and Financials 14.3%.
The top 10 holdings account for 100% 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.
Capco Asset Management, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$266M
total across 17 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
100% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$DHR +44.1K sh · +$8.36M+$ROP +40.2K sh · +$4.17M+$AMZN +38.8K sh · +$4.99M
Biggest trims (shares)
−$LRCX −103K sh · −$15.7M−$MAR −62K sh · −$16.3M−$PGR −2.2K sh · −$6.16M
Exited to nil (held last quarter, gone now)
$FIX ($101K last qtr)$WDC ($67.4K last qtr)$WDAY ($39.9K 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)
- Hotels, Resorts & Cruise Lines21.5%—
- Electronic Equipment & Instruments20.0%—
- Property & Casualty Insurance14.3%—
- Broadline Retail13.8%—
- Systems Software11.7%—
- Application Software7.9%—
- Semiconductor Materials & Equipment3.7%—
- Cable & Satellite3.6%—
- Other holdings3.5%—
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 |
|---|---|---|---|---|---|
| $MAR | Marriott International | 175K | $57.3M | -62K | 21.5% |
| $ROP | Roper Technologies Inc | 150K | $53.2M | +40.2K | 20.0% |
| $PGR | Progressive Corporation | 192K | $38.1M | -2.2K | 14.3% |
| $AMZN | Amazon.com Inc | 176K | $36.7M | +38.8K | 13.8% |
| $MSFT | Microsoft Corporation | 84K | $31.1M | +13.4K | 11.7% |
| $ADSK | Autodesk Inc | 88K | $21.1M | -342 | 7.9% |
| $LRCX | Lam Research Corporation | 46.5K | $9.93M | -103K | 3.7% |
| $CHTR | Charter Communications Inc. Class A Common Stock New | 44.6K | $9.63M | -402 | 3.6% |
| $DHR | Danaher Corporation | 44.3K | $8.39M | +44.1K | 3.1% |
| $COST | Costco Wholesale Corporation | 380 | $379K | +0 | 0.1% |
…and 7 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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