LOUNTZIS ASSET MANAGEMENT, LLC
Reported holdings as of Q2 2026, from 25 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| APPLIED MATLS INC | AMAT | $73.2M | 101,308 | +8.25pp | 23q | -14.9%-$12.8M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $66.4M | 132,597 | -2.61pp | 25q | -1.3%-$856.2K | |
| WELLS FARGO & CO | WFC | $19.9M | 241,030 | -0.85pp | 25q | -1.6%-$330.6K | |
| ALPHABET INC | GOOGL | $17.2M | 48,053 | +0.36pp | 25q | HELD | |
| CADENCE DESIGN SYSTEM INC | CDNS | $16.5M | 43,843 | +0.70pp | 6q | -0.9%-$144.9K | |
| PROGRESSIVE CORP | PGR | $15.0M | 68,543 | -0.46pp | 25q | -4.2%-$655.1K | |
| US BANCORP | USB | $14.9M | 244,585 | -0.07pp | 25q | -1.4%-$219.2K | |
| ORACLE CORP | ORCL | $13.5M | 92,336 | -0.72pp | 25q | HELD | |
| KKR & CO INC | KKR | $9.5M | 103,962 | -0.55pp | 16q | -1.2%-$114.5K | |
| KINSALE CAP GROUP INC | KNSL | $9.4M | 28,564 | -0.65pp | 2q | -1.3%-$124.7K | |
| CLOUDFLARE INC | NET | $6.6M | 26,924 | +0.05pp | 13q | HELD | |
| BROWN & BROWN INC | BRO | $6.6M | 102,567 | -0.49pp | 25q | -4.6%-$320.4K | |
| PEPSICO INC | PEP | $5.0M | 36,816 | -0.59pp | 25q | -3.3%-$172.4K | |
| MARTIN MARIETTA MATLS INC | MLM | $4.7M | 8,179 | -0.31pp | 25q | -1.8%-$84.2K | |
| PROCORE TECHNOLOGIES INC | PCOR | $4.2M | 103,713 | -0.86pp | 8q | -1.3%-$56.3K | |
| UNITEDHEALTH GROUP INC | UNH | $4.2M | 10,122 | +0.27pp | 25q | -5.2%-$232.8K | |
| LOWES COS INC | LOW | $3.6M | 16,356 | -0.34pp | 25q | -4.4%-$165.4K | |
| ZOETIS INC | ZTS | $2.9M | 40,377 | -0.93pp | 25q | -5.0%-$153.3K | |
| LABCORP HOLDINGS INC | LH | $2.5M | 8,976 | -0.09pp | 9q | HELD | |
| ALPHABET INC | GOOG | $1.9M | 5,465 | +0.06pp | 14q | +5.0%+$91.9K | |
| BANK OF NY MELLON CORP | BNY | $1.3M | 8,749 | +0.02pp | 25q | HELD | |
| NVIDIA CORPORATION | NVDA | $1.3M | 6,304 | - | new | NEW | |
| WSFS FINL CORP | WSFS | $1.1M | 14,621 | flat | 25q | HELD | |
| APPLE INC | AAPL | $963.5K | 3,329 | +0.15pp | 6q | +94.8%+$468.9K | |
| ABBVIE INC | ABBV | $883.5K | 3,511 | flat | 25q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $748.9K | 1 | -0.03pp | 6q | HELD | |
| JOHNSON & JOHNSON | JNJ | $739.6K | 2,912 | -0.01pp | 14q | +7.1%+$48.8K | |
| VANGUARD INDEX FDS | VOO | $703.3K | 1,024 | flat | 6q | HELD | |
| MICROSOFT CORP | MSFT | $667.3K | 1,789 | +0.03pp | 25q | +35.6%+$175.3K | |
| EXXON MOBIL CORP | XOMXXXX | $645.9K | 4,724 | -0.14pp | 25q | -15.1%-$115.3K | |
| AON PLC | AON | $630.2K | 1,900 | -0.03pp | 25q | HELD | |
| ABBOTT LABORATORIES | ABT | $628.8K | 6,930 | -0.08pp | 25q | -6.7%-$45.4K | |
| YUM BRANDS INC | YUM | $596.1K | 3,729 | -0.08pp | 25q | -20.0%-$148.7K | |
| Eurofins Scientific | $582.1K | 7,433 | -0.01pp | 14q | HELD | ||
| CONSTELLATION SOFTWARE INC | CNSWF | $538.4K | 285 | -0.01pp | 14q | HELD | |
| LIBERTY MEDIA CORP DEL | FWONK | $521.2K | 5,478 | -0.01pp | 13q | HELD | |
| INTERCONTINENTAL EXCHANGE IN | ICE | $494.4K | 4,016 | -0.08pp | 14q | HELD | |
| SCHWAB CHARLES CORP | SCHW | $447.0K | 4,845 | -0.03pp | 14q | HELD | |
| META PLATFORMS INC | META | $419.7K | 745 | -0.06pp | 14q | -18.0%-$91.8K | |
| FAIRFAX FINL HLDGS LTD SUB VTG | FRFHF | $401.8K | 244 | -0.03pp | 25q | HELD | |
| ELI LILLY & CO | LLY | $374.2K | 312 | +0.01pp | 6q | HELD | |
| ROLLS-ROYCE HOLDIN ORDF | $314.4K | 16,411 | +0.01pp | 5q | HELD | ||
| JPMORGAN CHASE & CO | JPM | $312.3K | 954 | -0.02pp | 11q | -14.5%-$53.0K | |
| CREDIT ACCEP CORP MICH | CACC | $311.4K | 489 | +0.02pp | 14q | HELD | |
| INTERNATIONAL BUSINESS MACHS | IBM | $288.2K | 1,025 | -0.04pp | 13q | -31.7%-$133.6K | |
| VISA INC | V | $281.4K | 820 | flat | 6q | HELD | |
| PHILIP MORRIS INTL INC | PM | $277.6K | 1,522 | -0.01pp | 6q | HELD | |
| JACOBS SOLUTIONS INC | J | $266.9K | 2,118 | -0.03pp | 14q | -13.5%-$41.6K | |
| MICRON TECHNOLOGY INC | MU | $262.0K | 227 | - | new | NEW | |
| GREIF INC | GEF | $254.5K | 3,388 | -0.02pp | 25q | -15.3%-$46.0K | |
| LIBERTY MEDIA CORP DEL | FWONA | $250.9K | 2,866 | flat | 8q | HELD | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $237.2K | 496 | - | new | NEW | |
| SAFRAN SA | $215.6K | 547 | - | new | NEW | ||
| TJX COS INC NEW | TJX | $210.0K | 1,386 | -0.01pp | 4q | HELD | |
| ASTRONOVA INC | ALOT | $200.8K | 7,054 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Insurance | $103.3M | 32.7% |
| Semiconductors & Electronics | $75.0M | 23.7% |
| Software & IT Services | $61.0M | 19.3% |
| Banks & Lending | $37.8M | 12.0% |
| Capital Markets | $10.5M | 3.3% |
| Biotech & Pharma | $5.5M | 1.7% |
| Food, Drink & Tobacco | $5.3M | 1.7% |
| Other sectors | $14.7M | 4.6% |
| Not classified | $3.0M | 0.9% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $316.1M | 55 | 5 | 4 | 23 | 2 | 80.8% | 31 |
| Q1 2026 | $272.6M | 52 | 1 | 6 | 2 | 1 | 77.4% | 37 |
| Q4 2025 | $281.6M | 52 | 0 | 2 | 28 | 1 | 77.9% | 37 |
| Q3 2025 | $306.4M | 53 | 1 | 2 | 12 | 1 | 75.3% | 30 |
| Q2 2025 | $284.1M | 53 | 1 | 0 | 6 | 0 | 75.9% | 31 |
| Q1 2025 | $264.7M | 52 | 8 | 6 | 17 | 3 | 76.0% | 30 |
| Q4 2024 | $236.2M | 47 | 0 | 0 | 25 | 2 | 77.7% | 34 |
| Q3 2024 | $240.6M | 49 | 3 | 16 | 9 | 0 | 77.4% | 35 |
| Q2 2024 | $214.0M | 46 | 2 | 0 | 2 | 2 | 80.0% | 32 |
| Q1 2024 | $211.1M | 46 | 1 | 3 | 2 | 0 | 79.4% | 32 |
| Q4 2023 | $183.2M | 45 | 2 | 3 | 18 | 1 | 78.2% | 19 |
| Q3 2023 | $179.1K | 44 | 0 | 1 | 0 | 1 | 76.3% | 44 |
| Q2 2023 | $181.2K | 45 | 6 | 1 | 21 | 9 | 75.9% | 46 |
| Q1 2023 | $168.8K | 48 | 19 | 8 | 4 | 1 | 74.4% | 28 |
| Q4 2022 | $166.6K | 30 | 1 | 2 | 16 | 1 | 77.9% | 38 |
| Q3 2022 | $147.4M | 30 | 1 | 1 | 15 | 3 | 76.8% | 25 |
| Q2 2022 | $149.5M | 32 | 1 | 4 | 4 | 1 | 79.3% | 46 |
| Q1 2022 | $180.1M | 32 | 1 | 2 | 1 | 1 | 78.7% | 26 |
| Q4 2021 | $175.0M | 32 | 0 | 0 | 2 | 71 | 79.5% | 26 |
| Q3 2021 | $160.6M | 103 | 27 | 5 | 9 | 2 | 77.8% | 29 |
| Q2 2021 | $164.0M | 78 | 1 | 5 | 5 | 0 | 78.0% | 47 |
| Q1 2021 | $150.2M | 77 | 3 | 1 | 17 | 6 | 78.0% | 20 |
| Q4 2020 | $136.3M | 80 | 11 | 0 | 7 | 0 | 77.8% | 40 |
| Q3 2020 | $116.2M | 69 | 0 | 2 | 1 | 1 | 80.8% | 36 |
| Q2 2020 | $105.5M | 70 | 0 | 0 | 0 | 0 | 80.0% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.