# SCHALLER INVESTMENT GROUP INC

> Institutional holdings reported to the SEC as of Q4 2019 on Form 13F. CIK 1315889. Source: https://holderbook.com/funds/1315889-schaller-investment-group-inc/

- Reported value: $95.7M
- Positions: 34
- Weight of the ten largest: 81.4%
- Filed: 2020-02-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $14.8M | 65,448 | 15.5% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $11.0M | 8,190 | 11.5% | 5 |
| CIMPRESS N V | [CMPRXXXX](https://holderbook.com/stocks/CMPRXXXX/) | $10.6M | 84,617 | 11.1% | 5 |
| REPUBLIC FIRST BANCORP INC | [FRBKQ](https://holderbook.com/stocks/FRBKQ/) | $9.5M | 2,278,506 | 9.9% | 5 |
| Imperial Metals Corp | [IPMLF](https://holderbook.com/stocks/IPMLF/) | $8.7M | 5,733,202 | 9.1% | 5 |
| CREDIT ACCEP CORP MICH | [CACC](https://holderbook.com/stocks/CACC/) | $6.8M | 15,284 | 7.1% | 5 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $5.0M | 2,454 | 5.3% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $4.5M | 3,392 | 4.7% | 5 |
| DOLLAR TREE INC | [DLTR](https://holderbook.com/stocks/DLTR/) | $3.6M | 38,482 | 3.8% | 5 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $3.4M | 25,122 | 3.5% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.0M | 21,510 | 3.1% | 5 |
| HOWARD HUGHES CORP | [HHC](https://holderbook.com/stocks/HHC/) | $2.5M | 19,935 | 2.6% | 5 |
| WHITE MTNS INS GROUP LTD | [WTM](https://holderbook.com/stocks/WTM/) | $1.6M | 1,400 | 1.6% | 5 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $1.1M | 21,253 | 1.2% | 5 |
| DISH NETWORK CORPORATION | [DISH](https://holderbook.com/stocks/DISH/) | $1.1M | 30,566 | 1.1% | 2 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $720.0K | 8,461 | 0.8% | 5 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $672.0K | 10,553 | 0.7% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $631.0K | 4,000 | 0.7% | 5 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $614.0K | 2,534 | 0.6% | 5 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $560.0K | 10,115 | 0.6% | 5 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $536.0K | 4,295 | 0.6% | 5 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $508.0K | 11,132 | 0.5% | 5 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $485.0K | 4,027 | 0.5% | 5 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $471.0K | 5,684 | 0.5% | 5 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $450.0K | 9,025 | 0.5% | 5 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $380.0K | 7,546 | 0.4% | 5 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $377.0K | 5,409 | 0.4% | 5 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $361.0K | 2,471 | 0.4% | 5 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $349.0K | 9,908 | 0.4% | 5 |
| MONDELEZ INTL INC | [MDLZ](https://holderbook.com/stocks/MDLZ/) | $308.0K | 5,588 | 0.3% | 5 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $282.0K | 7,213 | 0.3% | 5 |
| CLOROX CO DEL | [CLX](https://holderbook.com/stocks/CLX/) | $282.0K | 1,834 | 0.3% | 5 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $253.0K | 3,169 | 0.3% | 3 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $230.0K | 2,431 | 0.2% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2019 | +1.2% | +8.5% | -7.3% | 90% |
| Q3 2019 | +6.1% | +1.3% | +4.8% | 86% |
| Q2 2019 | +1.7% | +3.7% | -2.0% | 84% |
| Q1 2019 | -0.2% | +13.0% | -13.2% | 85% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2019 | $95.7M | 34 |
| Q3 2019 | $120.7M | 37 |
| Q2 2019 | $128.7M | 35 |
| Q1 2019 | $135.0M | 35 |
| Q4 2018 | $135.1M | 34 |