# LOUNTZIS ASSET MANAGEMENT, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1821168. Source: https://holderbook.com/funds/1821168-lountzis-asset-management-llc/

- Reported value: $316.1M
- Positions: 55
- Weight of the ten largest: 80.8%
- Filed: 2026-07-31

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 |
|---|---|---|---|---|---|
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $73.2M | 101,308 | 23.2% | 23 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $66.4M | 132,597 | 21.0% | 25 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $19.9M | 241,030 | 6.3% | 25 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $17.2M | 48,053 | 5.4% | 25 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $16.5M | 43,843 | 5.2% | 6 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $15.0M | 68,543 | 4.7% | 25 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $14.9M | 244,585 | 4.7% | 25 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $13.5M | 92,336 | 4.3% | 25 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $9.5M | 103,962 | 3.0% | 16 |
| KINSALE CAP GROUP INC | [KNSL](https://holderbook.com/stocks/KNSL/) | $9.4M | 28,564 | 3.0% | 2 |
| CLOUDFLARE INC | [NET](https://holderbook.com/stocks/NET/) | $6.6M | 26,924 | 2.1% | 13 |
| BROWN & BROWN INC | [BRO](https://holderbook.com/stocks/BRO/) | $6.6M | 102,567 | 2.1% | 25 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $5.0M | 36,816 | 1.6% | 25 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $4.7M | 8,179 | 1.5% | 25 |
| PROCORE TECHNOLOGIES INC | [PCOR](https://holderbook.com/stocks/PCOR/) | $4.2M | 103,713 | 1.3% | 8 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $4.2M | 10,122 | 1.3% | 25 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $3.6M | 16,356 | 1.1% | 25 |
| ZOETIS INC | [ZTS](https://holderbook.com/stocks/ZTS/) | $2.9M | 40,377 | 0.9% | 25 |
| LABCORP HOLDINGS INC | [LH](https://holderbook.com/stocks/LH/) | $2.5M | 8,976 | 0.8% | 9 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.9M | 5,465 | 0.6% | 14 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $1.3M | 8,749 | 0.4% | 25 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.3M | 6,304 | 0.4% | 1 |
| WSFS FINL CORP | [WSFS](https://holderbook.com/stocks/WSFS/) | $1.1M | 14,621 | 0.4% | 25 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $963.5K | 3,329 | 0.3% | 6 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $883.5K | 3,511 | 0.3% | 25 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $748.9K | 1 | 0.2% | 6 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $739.6K | 2,912 | 0.2% | 14 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $703.3K | 1,024 | 0.2% | 6 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $667.3K | 1,789 | 0.2% | 25 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $645.9K | 4,724 | 0.2% | 25 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $630.2K | 1,900 | 0.2% | 25 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $628.8K | 6,930 | 0.2% | 25 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $596.1K | 3,729 | 0.2% | 25 |
| Eurofins Scientific | - | $582.1K | 7,433 | 0.2% | 14 |
| CONSTELLATION SOFTWARE INC | [CNSWF](https://holderbook.com/stocks/CNSWF/) | $538.4K | 285 | 0.2% | 14 |
| LIBERTY MEDIA CORP DEL | [FWONK](https://holderbook.com/stocks/FWONK/) | $521.2K | 5,478 | 0.2% | 13 |
| INTERCONTINENTAL EXCHANGE IN | [ICE](https://holderbook.com/stocks/ICE/) | $494.4K | 4,016 | 0.2% | 14 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $447.0K | 4,845 | 0.1% | 14 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $419.7K | 745 | 0.1% | 14 |
| FAIRFAX FINL HLDGS LTD SUB VTG | [FRFHF](https://holderbook.com/stocks/FRFHF/) | $401.8K | 244 | 0.1% | 25 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $374.2K | 312 | 0.1% | 6 |
| ROLLS-ROYCE HOLDIN  ORDF | - | $314.4K | 16,411 | 0.1% | 5 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $312.3K | 954 | 0.1% | 11 |
| CREDIT ACCEP CORP MICH | [CACC](https://holderbook.com/stocks/CACC/) | $311.4K | 489 | 0.1% | 14 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $288.2K | 1,025 | 0.1% | 13 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $281.4K | 820 | 0.1% | 6 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $277.6K | 1,522 | 0.1% | 6 |
| JACOBS SOLUTIONS INC | [J](https://holderbook.com/stocks/J/) | $266.9K | 2,118 | 0.1% | 14 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $262.0K | 227 | 0.1% | 1 |
| GREIF INC | [GEF](https://holderbook.com/stocks/GEF/) | $254.5K | 3,388 | 0.1% | 25 |
| LIBERTY MEDIA CORP DEL | [FWONA](https://holderbook.com/stocks/FWONA/) | $250.9K | 2,866 | 0.1% | 8 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $237.2K | 496 | 0.1% | 1 |
| SAFRAN SA | - | $215.6K | 547 | 0.1% | 1 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $210.0K | 1,386 | 0.1% | 4 |
| ASTRONOVA INC | [ALOT](https://holderbook.com/stocks/ALOT/) | $200.8K | 7,054 | 0.1% | 1 |

## 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 | +21.6% | +14.8% | +6.8% | 100% |
| Q1 2026 | -4.0% | -4.6% | +0.6% | 100% |
| Q4 2025 | -0.0% | +2.4% | -2.4% | 100% |
| Q3 2025 | +8.2% | +7.8% | +0.4% | 100% |
| Q2 2025 | +6.1% | +10.5% | -4.4% | 101% |
| Q1 2025 | +2.1% | -4.6% | +6.6% | 99% |
| Q4 2024 | -0.1% | +2.1% | -2.2% | 100% |
| Q3 2024 | +9.0% | +5.4% | +3.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $316.1M | 55 |
| Q1 2026 | $272.6M | 52 |
| Q4 2025 | $281.6M | 52 |
| Q3 2025 | $306.4M | 53 |
| Q2 2025 | $284.1M | 53 |
| Q1 2025 | $264.7M | 52 |
| Q4 2024 | $236.2M | 47 |
| Q3 2024 | $240.6M | 49 |
| Q2 2024 | $214.0M | 46 |
| Q1 2024 | $211.1M | 46 |
| Q4 2023 | $183.2M | 45 |
| Q3 2023 | $179.1M | 44 |