# Chapman Investment Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1751006. Source: https://holderbook.com/funds/1751006-chapman-investment-management-llc/

- Reported value: $121.2M
- Positions: 27
- Weight of the ten largest: 75.1%
- Filed: 2026-07-22

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 |
|---|---|---|---|---|---|
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $13.0M | 0 | 10.7% | 27 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $10.9M | 0 | 9.0% | 27 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $10.7M | 0 | 8.8% | 27 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $10.3M | 0 | 8.5% | 27 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $9.6M | 0 | 7.9% | 27 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $9.1M | 0 | 7.5% | 13 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $8.7M | 0 | 7.2% | 27 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $7.1M | 0 | 5.8% | 18 |
| WASTE MGMT INC DEL | [WM](https://holderbook.com/stocks/WM/) | $6.1M | 0 | 5.0% | 27 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $5.7M | 0 | 4.7% | 24 |
| CINTAS CORP | [CTAS](https://holderbook.com/stocks/CTAS/) | $4.6M | 0 | 3.8% | 16 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $4.1M | 0 | 3.4% | 10 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.1M | 0 | 2.6% | 27 |
| S&P GLOBAL INC | - | $3.1M | 0 | 2.6% | 1 |
| EXPEDITORS INTL WASH INC | [EXPD](https://holderbook.com/stocks/EXPD/) | $3.0M | 0 | 2.5% | 27 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.0M | 0 | 1.7% | 1 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $1.9M | 0 | 1.6% | 12 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $1.5M | 0 | 1.2% | 9 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $1.4M | 0 | 1.1% | 25 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.3M | 0 | 1.1% | 20 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $1.3M | 0 | 1.0% | 4 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $823.6K | 0 | 0.7% | 2 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $729.4K | 0 | 0.6% | 10 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $519.4K | 0 | 0.4% | 20 |
| WHITE MTNS INS GROUP LTD | [WTM](https://holderbook.com/stocks/WTM/) | $296.5K | 0 | 0.2% | 20 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $231.5K | 0 | 0.2% | 1 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $201.7K | 0 | 0.2% | 27 |

## 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 | +3.4% | +14.8% | -11.5% | 100% |
| Q1 2026 | -10.2% | -4.6% | -5.5% | 100% |
| Q4 2025 | +0.4% | +2.4% | -1.9% | 100% |
| Q3 2025 | -1.1% | +7.8% | -8.9% | 100% |
| Q2 2025 | +8.2% | +10.5% | -2.2% | 100% |
| Q1 2025 | +0.2% | -4.6% | +4.8% | 100% |
| Q4 2024 | +1.0% | +2.1% | -1.2% | 100% |
| Q3 2024 | +5.8% | +5.4% | +0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $121.2M | 27 |
| Q1 2026 | $121.2M | 26 |
| Q4 2025 | $136.7M | 27 |
| Q3 2025 | $140.6M | 29 |
| Q2 2025 | $143.3M | 29 |
| Q1 2025 | $133.9M | 28 |
| Q4 2024 | $134.4M | 29 |
| Q3 2024 | $136.9M | 31 |
| Q2 2024 | $131.5M | 32 |
| Q1 2024 | $135.7M | 32 |
| Q4 2023 | $131.3M | 36 |
| Q3 2023 | $118.1M | 34 |