# Consulta Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1510677. Source: https://holderbook.com/funds/1510677-consulta-ltd/

- Reported value: $2.8B
- Positions: 15
- Weight of the ten largest: 82.9%
- Filed: 2026-08-14

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 |
|---|---|---|---|---|---|
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $300.5M | 2,100,000 | 10.8% | 6 |
| PERSHING SQUARE INC | - | $281.2M | 8,558,954 | 10.1% | 1 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $274.5M | 800,000 | 9.9% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $262.2M | 1,100,000 | 9.5% | 4 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $261.1M | 700,000 | 9.4% | 16 |
| QXO INC | [QXO](https://holderbook.com/stocks/QXO/) | $207.4M | 12,000,000 | 7.5% | 8 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $196.6M | 900,000 | 7.1% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $182.1M | 2,550,000 | 6.6% | 3 |
| WASTE CONNECTIONS INC | [WCN](https://holderbook.com/stocks/WCN/) | $175.0M | 1,050,000 | 6.3% | 1 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $156.0M | 400,000 | 5.6% | 1 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $122.4M | 450,000 | 4.4% | 4 |
| PERSHING SQUARE USA LTD | [PSUS](https://holderbook.com/stocks/PSUS/) | $112.1M | 3,000,000 | 4.0% | 1 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $112.0M | 200,000 | 4.0% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $107.2M | 300,000 | 3.9% | 31 |
| HOWARD HUGHES HOLDINGS INC | [HHH](https://holderbook.com/stocks/HHH/) | $21.4M | 300,000 | 0.8% | 5 |

## 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 | +5.6% | +14.8% | -9.3% | 100% |
| Q1 2026 | -6.5% | -4.6% | -1.8% | 100% |
| Q4 2025 | +6.3% | +2.4% | +4.0% | 100% |
| Q3 2025 | +3.7% | +7.8% | -4.1% | 100% |
| Q2 2025 | +13.5% | +10.5% | +3.1% | 100% |
| Q1 2025 | -1.7% | -4.6% | +2.9% | 100% |
| Q4 2024 | -2.6% | +2.1% | -4.7% | 100% |
| Q3 2024 | +8.7% | +5.4% | +3.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.8B | 15 |
| Q1 2026 | $2.0B | 13 |
| Q4 2025 | $2.0B | 14 |
| Q3 2025 | $1.8B | 12 |
| Q2 2025 | $1.6B | 10 |
| Q1 2025 | $1.5B | 10 |
| Q4 2024 | $1.5B | 13 |
| Q3 2024 | $1.6B | 15 |
| Q2 2024 | $1.5B | 14 |
| Q1 2024 | $1.6B | 14 |
| Q4 2023 | $1.5B | 14 |
| Q3 2023 | $1.4B | 13 |