# Global Frontier Investments LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1821219. Source: https://holderbook.com/funds/1821219-global-frontier-investments-llc/

- Reported value: $581.0M
- Positions: 30
- Weight of the ten largest: 80.9%
- Filed: 2026-08-14

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 |
|---|---|---|---|---|---|
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $102.8M | 314,000 | 17.7% | 23 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $78.9M | 233,215 | 13.6% | 17 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $48.5M | 48,000 | 8.4% | 23 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $39.8M | 182,000 | 6.8% | 23 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $39.2M | 315,000 | 6.7% | 23 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $34.9M | 68,000 | 6.0% | 17 |
| US BANCORP | [USB](https://holderbook.com/stocks/USB/) | $33.7M | 558,000 | 5.8% | 17 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $32.9M | 44 | 5.7% | 23 |
| INFLEQTION INC | [INFQ](https://holderbook.com/stocks/INFQ/) | $31.3M | 2,348,913 | 5.4% | 2 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $27.9M | 14,300 | 4.8% | 2 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $24.9M | 271,000 | 4.3% | 23 |
| WESTERN ALLIANCE BANCORP | [WAL](https://holderbook.com/stocks/WAL/) | $23.4M | 285,000 | 4.0% | 23 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $16.3M | 49,000 | 2.8% | 23 |
| ARCH CAP GROUP LTD | [ACGL](https://holderbook.com/stocks/ACGL/) | $14.6M | 150,000 | 2.5% | 21 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $7.5M | 15,000 | 1.3% | 2 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $5.2M | 30,000 | 0.9% | 23 |
| GLOBAL PMTS INC | [GPN](https://holderbook.com/stocks/GPN/) | $4.9M | 68,000 | 0.8% | 16 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $4.8M | 50,000 | 0.8% | 19 |
| AXOS FINANCIAL INC | [AX](https://holderbook.com/stocks/AX/) | $3.6M | 37,000 | 0.6% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.3M | 9,706 | 0.6% | 2 |
| WEBSTER FINL CORP | [WBS](https://holderbook.com/stocks/WBS/) | $2.5M | 33,000 | 0.4% | 2 |
| AMRYT PHARMA PLC | [AMYT](https://holderbook.com/stocks/AMYT/) | $0 | 0 | 0.0% | 1 |
| BANK OZK LITTLE ROCK ARK | [OZK](https://holderbook.com/stocks/OZK/) | $0 | 0 | 0.0% | 1 |
| CADENCE BANCORPORATION | [CADE](https://holderbook.com/stocks/CADE/) | $0 | 0 | 0.0% | 1 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $0 | 0 | 0.0% | 1 |
| KALEYRA INC | [KLR](https://holderbook.com/stocks/KLR/) | $0 | 0 | 0.0% | 1 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $0 | 0 | 0.0% | 1 |
| SIGNATURE BANK | [SBNY](https://holderbook.com/stocks/SBNY/) | $0 | 0 | 0.0% | 1 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $0 | 0 | 0.0% | 1 |
| ATAI LIFE SCIENCES NV | [ATAI](https://holderbook.com/stocks/ATAI/) | $0 | 0 | 0.0% | 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 | +11.1% | +14.8% | -3.7% | 100% |
| Q1 2026 | -13.6% | -4.6% | -9.0% | 100% |
| Q4 2025 | +2.6% | +2.4% | +0.2% | 100% |
| Q3 2025 | +4.6% | +7.8% | -3.2% | 100% |
| Q1 2025 | +1.5% | -4.6% | +6.0% | 100% |
| Q3 2024 | +14.8% | +5.4% | +9.4% | 100% |
| Q2 2024 | -1.8% | +4.0% | -5.9% | 100% |
| Q1 2024 | +15.9% | +10.0% | +5.8% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $581.0M | 30 |
| Q1 2026 | $1.2B | 21 |
| Q4 2025 | $506.7M | 15 |
| Q3 2025 | $519.1M | 15 |
| Q2 2025 | $419.4M | 15 |
| Q4 2024 | $388.7M | 15 |
| Q2 2024 | $335.1M | 16 |
| Q1 2024 | $341.3M | 16 |
| Q4 2023 | $291.0M | 16 |
| Q3 2023 | $230.7M | 16 |
| Q2 2023 | $228.5M | 16 |
| Q1 2023 | $222.6M | 17 |