# Central Securities Corp

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 18748. Source: https://holderbook.com/funds/18748-central-securities-corp/

- Reported value: $1.3B
- Positions: 29
- Weight of the ten largest: 59.9%
- Filed: 2026-08-10

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/) | $142.9M | 400,000 | 10.7% | 26 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $139.0M | 350,000 | 10.4% | 31 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $87.4M | 400,000 | 6.5% | 31 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $70.2M | 350,000 | 5.2% | 31 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $70.0M | 200,000 | 5.2% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $64.6M | 700,000 | 4.8% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $62.0M | 260,000 | 4.6% | 31 |
| GALLAGHER ARTHUR J & CO | [AJG](https://holderbook.com/stocks/AJG/) | $58.5M | 255,000 | 4.4% | 9 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $58.1M | 140,000 | 4.3% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $50.7M | 90,000 | 3.8% | 22 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $47.4M | 140,000 | 3.5% | 31 |
| TELEDYNE TECHNOLOGIES INC | [TDY](https://holderbook.com/stocks/TDY/) | $46.7M | 70,000 | 3.5% | 12 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $45.8M | 140,000 | 3.4% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $42.5M | 256,250 | 3.2% | 4 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $38.2M | 80,000 | 2.8% | 4 |
| SUNBELT RENTALS HOLDINGS INC | [SUNB](https://holderbook.com/stocks/SUNB/) | $37.4M | 500,000 | 2.8% | 2 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $30.6M | 18,000 | 2.3% | 23 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $29.8M | 80,000 | 2.2% | 31 |
| RAYONIER INC | [RYN](https://holderbook.com/stocks/RYN/) | $26.8M | 1,260,130 | 2.0% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $25.7M | 75,000 | 1.9% | 12 |
| EQUIFAX INC | [EFX](https://holderbook.com/stocks/EFX/) | $23.0M | 145,000 | 1.7% | 2 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $20.5M | 500,000 | 1.5% | 7 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $19.6M | 250,000 | 1.5% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $19.3M | 150,000 | 1.4% | 31 |
| CELLEBRITE DI LTD | [CLBT](https://holderbook.com/stocks/CLBT/) | $19.0M | 1,300,000 | 1.4% | 1 |
| BRADY CORP | [BRC](https://holderbook.com/stocks/BRC/) | $18.3M | 200,000 | 1.4% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $17.8M | 70,000 | 1.3% | 31 |
| ROPER TECHNOLOGIES INC | [ROP](https://holderbook.com/stocks/ROP/) | $16.9M | 50,000 | 1.3% | 31 |
| TWFG INC | [TWFG](https://holderbook.com/stocks/TWFG/) | $12.0M | 500,000 | 0.9% | 4 |

## 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 | +9.2% | +14.8% | -5.6% | 100% |
| Q1 2026 | -3.2% | -4.6% | +1.4% | 100% |
| Q4 2025 | +3.0% | +2.4% | +0.6% | 100% |
| Q3 2025 | +5.1% | +7.8% | -2.7% | 100% |
| Q2 2025 | +7.5% | +10.5% | -3.0% | 100% |
| Q1 2025 | +0.9% | -4.6% | +5.4% | 100% |
| Q4 2024 | +1.8% | +2.1% | -0.3% | 100% |
| Q3 2024 | +6.0% | +5.4% | +0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.3B | 29 |
| Q1 2026 | $1.2B | 30 |
| Q4 2025 | $1.2B | 29 |
| Q3 2025 | $1.2B | 29 |
| Q2 2025 | $1.1B | 27 |
| Q1 2025 | $1.1B | 27 |
| Q4 2024 | $1.0B | 28 |
| Q3 2024 | $1.0B | 27 |
| Q2 2024 | $1.0B | 28 |
| Q1 2024 | $990.4M | 27 |
| Q4 2023 | $920.9M | 28 |
| Q3 2023 | $819.0M | 28 |