# LOCUST WOOD CAPITAL ADVISERS, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1349434. Source: https://holderbook.com/funds/1349434-locust-wood-capital-advisers-llc/

- Reported value: $4.1B
- Positions: 31
- Weight of the ten largest: 56.8%
- Filed: 2026-08-10

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 |
|---|---|---|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $337.1M | 705,818 | 8.1% | 18 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $298.8M | 1,253,618 | 7.2% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $266.7M | 1,332,863 | 6.4% | 5 |
| GPGI INC | [GPGI](https://holderbook.com/stocks/GPGI/) | $236.3M | 14,907,488 | 5.7% | 8 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $233.3M | 652,914 | 5.6% | 29 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $231.5M | 643,853 | 5.6% | 26 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $221.8M | 594,596 | 5.3% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $186.7M | 458,435 | 4.5% | 27 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $177.0M | 341,028 | 4.3% | 14 |
| ELEMENT SOLUTIONS INC | [ESI](https://holderbook.com/stocks/ESI/) | $168.8M | 3,534,452 | 4.1% | 30 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $160.6M | 285,026 | 3.9% | 3 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $156.2M | 1,721,705 | 3.8% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $138.6M | 479,152 | 3.3% | 31 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $136.9M | 2,880,572 | 3.3% | 4 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $136.5M | 407,747 | 3.3% | 26 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $114.3M | 331,837 | 2.8% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $105.7M | 254,400 | 2.5% | 1 |
| RESOLUTE HLDGS MGMT INC | [RHLD](https://holderbook.com/stocks/RHLD/) | $102.5M | 709,242 | 2.5% | 6 |
| AMRIZE LTD | [AMRZ](https://holderbook.com/stocks/AMRZ/) | $100.8M | 1,891,215 | 2.4% | 1 |
| PG&E CORP | [PCG](https://holderbook.com/stocks/PCG/) | $97.5M | 5,309,798 | 2.4% | 17 |
| STERIS PLC | [STE](https://holderbook.com/stocks/STE/) | $96.0M | 455,866 | 2.3% | 14 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $94.6M | 424,279 | 2.3% | 24 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $75.2M | 1,174,983 | 1.8% | 11 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $57.3M | 256,053 | 1.4% | 1 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $56.7M | 256,418 | 1.4% | 1 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $47.6M | 39,718 | 1.1% | 2 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $47.3M | 881,307 | 1.1% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $33.2M | 66,424 | 0.8% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $17.2M | 23 | 0.4% | 31 |
| COUPANG INC | [CPNG](https://holderbook.com/stocks/CPNG/) | $15.2M | 877,735 | 0.4% | 1 |
| CANADIAN PACIFIC KANSAS CITY | [CP](https://holderbook.com/stocks/CP/) | $1.8M | 20,730 | 0.0% | 13 |

## 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 |
|---|---|---|---|---|
| Q2 2026 | +8.7% | +14.8% | -6.2% | 99% |
| Q1 2026 | -2.9% | -4.6% | +1.8% | 98% |
| Q4 2025 | +4.4% | +2.4% | +2.1% | 99% |
| Q3 2025 | +6.9% | +7.8% | -0.9% | 98% |
| Q2 2025 | +7.7% | +10.5% | -2.7% | 97% |
| Q1 2025 | -5.8% | -4.6% | -1.2% | 93% |
| Q4 2024 | +0.3% | +2.1% | -1.9% | 99% |
| Q3 2024 | +5.5% | +5.4% | +0.1% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $4.1B | 31 |
| Q1 2026 | $3.9B | 29 |
| Q4 2025 | $4.1B | 34 |
| Q3 2025 | $4.0B | 52 |
| Q2 2025 | $3.8B | 51 |
| Q1 2025 | $3.2B | 43 |
| Q4 2024 | $2.9B | 37 |
| Q3 2024 | $3.0B | 44 |
| Q2 2024 | $2.8B | 37 |
| Q1 2024 | $2.8B | 38 |
| Q4 2023 | $2.6B | 39 |
| Q3 2023 | $2.4B | 37 |