# Arlington Value Capital, LLC

> Institutional holdings reported to the SEC as of Q1 2020 on Form 13F. CIK 1568820. Source: https://holderbook.com/funds/1568820-arlington-value-capital-llc/

- Reported value: $688.0M
- Positions: 16
- Weight of the ten largest: 97.6%
- Filed: 2020-05-15

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/) | $263.2M | 1,439,746 | 38.3% | 6 |
| CIMPRESS PLC | [CMPR](https://holderbook.com/stocks/CMPR/) | $85.3M | 1,602,632 | 12.4% | 2 |
| AUTONATION INC | [AN](https://holderbook.com/stocks/AN/) | $64.8M | 2,310,483 | 9.4% | 6 |
| SPECTRUM BRANDS HOLDINGS INC | [SPB](https://holderbook.com/stocks/SPB/) | $63.6M | 1,749,868 | 9.2% | 6 |
| MONRO INC | [MNRO](https://holderbook.com/stocks/MNRO/) | $61.7M | 1,408,248 | 9.0% | 6 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $43.1M | 999,185 | 6.3% | 6 |
| JEFFERIES FINANCIAL GROUP IN | [JEF](https://holderbook.com/stocks/JEF/) | $41.8M | 3,056,028 | 6.1% | 6 |
| BREAD FINANCIAL HOLDINGS INC | [BFH](https://holderbook.com/stocks/BFH/) | $23.7M | 705,603 | 3.5% | 6 |
| WAYFAIR INC | [W](https://holderbook.com/stocks/W/) | $12.4M | 231,791 | 1.8% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $11.7M | 43 | 1.7% | 6 |
| COVETRUS INC | [CVET](https://holderbook.com/stocks/CVET/) | $8.1M | 991,498 | 1.2% | 2 |
| GCI LIBERTY INC | [GLIBA](https://holderbook.com/stocks/GLIBA/) | $6.9M | 121,377 | 1.0% | 6 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $601.0K | 28,327 | 0.1% | 6 |
| SPIRIT AIRLS INC | [SAVEQ](https://holderbook.com/stocks/SAVEQ/) | $523.0K | 40,550 | 0.1% | 6 |
| MOLSON COORS BEVERAGE CO | [TAP](https://holderbook.com/stocks/TAP/) | $483.0K | 12,383 | 0.1% | 1 |
| DESWELL INDS INC | [DSWL](https://holderbook.com/stocks/DSWL/) | $50.0K | 22,781 | 0.0% | 6 |

## 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 |
|---|---|---|---|---|
| Q1 2020 | -39.1% | -19.9% | -19.1% | 100% |
| Q4 2019 | +3.3% | +8.5% | -5.1% | 100% |
| Q3 2019 | +4.6% | +1.3% | +3.3% | 100% |
| Q2 2019 | +1.7% | +3.7% | -2.0% | 100% |
| Q1 2019 | +5.8% | +13.0% | -7.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2020 | $688.0M | 16 |
| Q4 2019 | $1.5B | 15 |
| Q3 2019 | $1.5B | 15 |
| Q2 2019 | $1.5B | 14 |
| Q1 2019 | $1.4B | 15 |
| Q4 2018 | $1.3B | 16 |