~18% since 2004
Portfolio value
$52.8B
Positions
11
Top 5 concentration
84%
New buys this quarter
2
| Stock | Move | % of portfolio | Value |
|---|---|---|---|
| $GE GE AEROSPACE | Held | 33.6% | $17.7B |
| $V VISA INC | Held | 19.8% | $10.5B |
| $MCO MOODYS CORP | Held | 12.3% | $6.5B |
| $SPGI S&P GLOBAL INC | Held | 10.9% | $5.7B |
| $CP CANADIAN PACIFIC KANSAS CITY | Held | 7.4% | $3.9B |
| $GOOG ALPHABET INC | Added | 6.7% | $3.5B |
| $FER FERROVIAL NV | Held | 2.7% | $1.4B |
| $CNI CANADIAN NATL RY CO | Held | 2.1% | $1.1B |
| $GOOGL ALPHABET INC | Held | 1.7% | $878M |
| $MLM MARTIN MARIETTA MATLS INC | New buy | 1.4% | $758M |
| $VMC VULCAN MATLS CO | New buy | 1.4% | $722M |
Notable sell-outs this quarter: $MSFT
Source: SEC 13F via FMP · Jun 2026 report · 45-day filing delay. Long equity positions only. Not financial advice.