# INVESTMENTAKTIENGESELLSCHAFT FUER LANGFRISTIGE INVESTOREN TGV

> Institutional holdings reported to the SEC as of Q4 2024 on Form 13F. CIK 1569606. Source: https://holderbook.com/funds/1569606-investmentaktiengesellschaft-fuer-langfristige-investoren-tg/

- Reported value: $1.4B
- Positions: 21
- Weight of the ten largest: 93.8%
- Filed: 2025-02-04

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 |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $366.9M | 1,918,525 | 26.9% | 25 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $253.1M | 1,313,275 | 18.5% | 25 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $251.4M | 591,835 | 18.4% | 25 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $119.3M | 176 | 8.7% | 25 |
| CARVANA CO | [CVNA](https://holderbook.com/stocks/CVNA/) | $75.6M | 358,848 | 5.5% | 13 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $61.5M | 104,000 | 4.5% | 25 |
| WIX COM LTD | [WIX](https://holderbook.com/stocks/WIX/) | $54.3M | 250,000 | 4.0% | 21 |
| CREDIT ACCEP CORP MICH | [CACC](https://holderbook.com/stocks/CACC/) | $42.7M | 92,000 | 3.1% | 25 |
| TUCOWS INC | [TCX](https://holderbook.com/stocks/TCX/) | $33.4M | 2,014,594 | 2.4% | 25 |
| INTERACTIVE BROKERS GROUP IN | [IBKR](https://holderbook.com/stocks/IBKR/) | $22.4M | 125,000 | 1.6% | 25 |
| PDD HOLDINGS INC | [PDD](https://holderbook.com/stocks/PDD/) | $21.7M | 230,000 | 1.6% | 6 |
| YUM CHINA HLDGS INC | [YUMC](https://holderbook.com/stocks/YUMC/) | $16.8M | 350,000 | 1.2% | 2 |
| H WORLD GROUP LTD | [HTHT](https://holderbook.com/stocks/HTHT/) | $14.1M | 430,000 | 1.0% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $11.0M | 24,325 | 0.8% | 25 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $7.5M | 43,000 | 0.5% | 2 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $3.5M | 2,050 | 0.3% | 25 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $3.1M | 6,800 | 0.2% | 11 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $2.6M | 1,500 | 0.2% | 23 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $1.6M | 18,500 | 0.1% | 8 |
| BIONTECH SE | [BNTX](https://holderbook.com/stocks/BNTX/) | $1.6M | 14,000 | 0.1% | 8 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $1.5M | 145,000 | 0.1% | 9 |

## 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 2024 | +6.9% | +2.1% | +4.7% | 100% |
| Q3 2024 | -1.4% | +5.4% | -6.8% | 100% |
| Q2 2024 | +12.1% | +4.0% | +8.0% | 100% |
| Q1 2024 | +10.8% | +10.0% | +0.7% | 100% |
| Q4 2023 | +12.0% | +11.2% | +0.8% | 100% |
| Q3 2023 | +2.0% | -3.6% | +5.6% | 100% |
| Q2 2023 | +16.4% | +8.3% | +8.1% | 100% |
| Q1 2023 | +11.4% | +7.0% | +4.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2024 | $1.4B | 21 |
| Q3 2024 | $1.4B | 22 |
| Q2 2024 | $1.6B | 21 |
| Q1 2024 | $1.5B | 20 |
| Q4 2023 | $1.4B | 21 |
| Q3 2023 | $1.2B | 20 |
| Q2 2023 | $1.2B | 19 |
| Q1 2023 | $1.0B | 20 |
| Q4 2022 | $907.0M | 18 |
| Q3 2022 | $924.3M | 17 |
| Q2 2022 | $1.0B | 19 |
| Q1 2022 | $1.3B | 16 |