# Shelter Mutual Insurance Co

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1455288. Source: https://holderbook.com/funds/1455288-shelter-mutual-insurance-co/

- Reported value: $472.8M
- Positions: 58
- Weight of the ten largest: 40.0%
- Filed: 2026-08-11

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 |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $31.7M | 42,264 | 6.7% | 21 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $26.9M | 314,823 | 5.7% | 25 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $25.5M | 34 | 5.4% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $17.8M | 16,740 | 3.8% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $16.2M | 43,850 | 3.4% | 25 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $15.5M | 160,575 | 3.3% | 21 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $14.3M | 56,925 | 3.0% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $13.9M | 40,610 | 2.9% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $13.8M | 121,766 | 2.9% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $13.7M | 26,440 | 2.9% | 14 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $13.7M | 27,600 | 2.9% | 22 |
| ISHARES TR | [USIG](https://holderbook.com/stocks/USIG/) | $13.5M | 263,974 | 2.9% | 22 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $12.9M | 20,315 | 2.7% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $12.1M | 82,710 | 2.6% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $10.8M | 38,491 | 2.3% | 31 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $10.7M | 113,212 | 2.3% | 22 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $10.4M | 95,196 | 2.2% | 13 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $10.1M | 45,920 | 2.1% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $9.7M | 28,735 | 2.1% | 31 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $9.7M | 35,840 | 2.1% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $9.7M | 35,523 | 2.0% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $9.5M | 29,000 | 2.0% | 23 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $9.1M | 41,120 | 1.9% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $8.9M | 65,160 | 1.9% | 31 |
| SHELL PLC | [SHEL](https://holderbook.com/stocks/SHEL/) | $8.8M | 113,750 | 1.9% | 18 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $8.8M | 59,695 | 1.9% | 31 |
| BHP BILLITON LIMITED | [BHP](https://holderbook.com/stocks/BHP/) | $7.9M | 94,680 | 1.7% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $7.2M | 82,520 | 1.5% | 31 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $7.1M | 39,700 | 1.5% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $6.9M | 51,020 | 1.5% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $6.6M | 35,785 | 1.4% | 23 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $6.4M | 77,114 | 1.4% | 21 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $6.2M | 47,590 | 1.3% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $5.7M | 57,660 | 1.2% | 13 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $5.6M | 76,583 | 1.2% | 13 |
| INVESCO EXCH TRADED FD TR II | [BAB](https://holderbook.com/stocks/BAB/) | $5.3M | 198,589 | 1.1% | 13 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $5.2M | 97,200 | 1.1% | 13 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $4.9M | 27,500 | 1.0% | 25 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $4.7M | 48,818 | 1.0% | 13 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $4.1M | 32,110 | 0.9% | 31 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $3.6M | 84,196 | 0.8% | 15 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $3.5M | 145,820 | 0.7% | 31 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $3.1M | 136,932 | 0.7% | 13 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $3.1M | 53,800 | 0.7% | 24 |
| VANGUARD BD INDEX FDS | [BLV](https://holderbook.com/stocks/BLV/) | $2.6M | 38,000 | 0.6% | 22 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $2.3M | 1,200 | 0.5% | 26 |
| OTIS WORLDWIDE CORP | [OTIS](https://holderbook.com/stocks/OTIS/) | $2.2M | 31,200 | 0.5% | 25 |
| HASBRO INC | [HAS](https://holderbook.com/stocks/HAS/) | $2.0M | 23,700 | 0.4% | 25 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.7M | 3,474 | 0.4% | 31 |
| CONSTELLATION BRANDS INC | [STZ](https://holderbook.com/stocks/STZ/) | $1.4M | 10,300 | 0.3% | 25 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $929.6K | 11,762 | 0.2% | 13 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $902.3K | 10,917 | 0.2% | 13 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $839.3K | 32,900 | 0.2% | 13 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $836.0K | 10,900 | 0.2% | 13 |
| ISHARES TR | [TLH](https://holderbook.com/stocks/TLH/) | $588.9K | 5,868 | 0.1% | 13 |
| ISHARES TR | [VLUE](https://holderbook.com/stocks/VLUE/) | $530.9K | 2,657 | 0.1% | 2 |
| J P MORGAN EXCHANGE TRADED F | [BBAG](https://holderbook.com/stocks/BBAG/) | $477.9K | 10,400 | 0.1% | 13 |
| ISHARES TR | [QLTA](https://holderbook.com/stocks/QLTA/) | $475.3K | 10,000 | 0.1% | 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 | +5.1% | +14.8% | -9.8% | 100% |
| Q1 2026 | +0.3% | -4.6% | +4.9% | 100% |
| Q4 2025 | +0.5% | +2.4% | -1.9% | 100% |
| Q3 2025 | +3.7% | +7.8% | -4.1% | 100% |
| Q2 2025 | +3.9% | +10.5% | -6.6% | 100% |
| Q1 2025 | +3.4% | -4.6% | +7.9% | 100% |
| Q4 2024 | -3.5% | +2.1% | -5.6% | 99% |
| Q3 2024 | +8.3% | +5.4% | +2.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $472.8M | 58 |
| Q1 2026 | $449.8M | 58 |
| Q4 2025 | $448.3M | 58 |
| Q3 2025 | $445.9M | 58 |
| Q2 2025 | $431.4M | 58 |
| Q1 2025 | $414.8M | 57 |
| Q4 2024 | $401.2M | 57 |
| Q3 2024 | $418.7M | 57 |
| Q2 2024 | $384.3M | 58 |
| Q1 2024 | $388.1M | 68 |
| Q4 2023 | $362.5M | 58 |
| Q3 2023 | $358.4M | 60 |