# BUFFALO BUSINESS & ESTATE SERVICES LTD

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2103405. Source: https://holderbook.com/funds/2103405-buffalo-business-estate-services-ltd/

- Reported value: $792.9M
- Positions: 105
- Weight of the ten largest: 69.6%
- Filed: 2026-07-23

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 |
|---|---|---|---|---|---|
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $115.2M | 1,394,338 | 14.5% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $88.8M | 444,013 | 11.2% | 3 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $80.4M | 368,698 | 10.1% | 3 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $62.4M | 1,190,935 | 7.9% | 3 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $41.8M | 432,600 | 5.3% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $38.5M | 133,081 | 4.9% | 3 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $38.3M | 386,659 | 4.8% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $35.8M | 100,130 | 4.5% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $34.1M | 142,885 | 4.3% | 3 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $16.8M | 143,117 | 2.1% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $12.5M | 10,454 | 1.6% | 3 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $11.9M | 11,778 | 1.5% | 3 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $11.7M | 9,923 | 1.5% | 3 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $11.6M | 24,224 | 1.5% | 3 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $11.4M | 33,497 | 1.4% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $11.2M | 29,650 | 1.4% | 3 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $10.9M | 36,208 | 1.4% | 3 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $9.7M | 44,808 | 1.2% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $9.6M | 25,751 | 1.2% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $8.7M | 15,390 | 1.1% | 3 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $8.2M | 19,750 | 1.0% | 1 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $7.9M | 39,444 | 1.0% | 3 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $7.8M | 63,166 | 1.0% | 3 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $6.6M | 5,798 | 0.8% | 3 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $6.4M | 19,575 | 0.8% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $6.3M | 24,887 | 0.8% | 3 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $6.2M | 27,900 | 0.8% | 3 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $5.9M | 11,411 | 0.7% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $5.8M | 6,154 | 0.7% | 3 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $5.6M | 23,120 | 0.7% | 3 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $4.9M | 9,876 | 0.6% | 3 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $4.8M | 40,468 | 0.6% | 3 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $4.5M | 51,741 | 0.6% | 3 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $4.2M | 59,247 | 0.5% | 3 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $4.2M | 8,265 | 0.5% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $4.0M | 24,098 | 0.5% | 3 |
| ROBINHOOD MKTS INC | [HOOD](https://holderbook.com/stocks/HOOD/) | $2.2M | 21,657 | 0.3% | 3 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $1.9M | 2,518 | 0.2% | 3 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $1.7M | 15,373 | 0.2% | 3 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.4M | 4,731 | 0.2% | 3 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.3M | 1,882 | 0.2% | 3 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $1.1M | 544 | 0.1% | 1 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $1.1M | 4,205 | 0.1% | 2 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $1.0M | 11,387 | 0.1% | 1 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $971.9K | 1,673 | 0.1% | 3 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $919.1K | 952 | 0.1% | 3 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $916.2K | 5,393 | 0.1% | 3 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $885.0K | 12,264 | 0.1% | 3 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $837.3K | 1,614 | 0.1% | 1 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $810.2K | 1,125 | 0.1% | 3 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $805.3K | 756 | 0.1% | 3 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $749.7K | 10,500 | 0.1% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $740.5K | 1,761 | 0.1% | 3 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $654.6K | 19,664 | 0.1% | 3 |
| KEEL INFRASTRUCTURE CORP | [KEEL](https://holderbook.com/stocks/KEEL/) | $626.3K | 109,109 | 0.1% | 1 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $594.2K | 1,775 | 0.1% | 1 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $572.2K | 1,921 | 0.1% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $559.9K | 1,119 | 0.1% | 3 |
| WHITEFIBER INC | [WYFI](https://holderbook.com/stocks/WYFI/) | $534.5K | 13,758 | 0.1% | 2 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $532.6K | 385 | 0.1% | 3 |
| ISHARES TR | [NYF](https://holderbook.com/stocks/NYF/) | $532.4K | 9,876 | 0.1% | 2 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $510.2K | 1,385 | 0.1% | 3 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $504.3K | 1,044 | 0.1% | 2 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $489.9K | 654 | 0.1% | 3 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $481.7K | 4,129 | 0.1% | 3 |
| KRANESHARES TRUST | [KOID](https://holderbook.com/stocks/KOID/) | $481.6K | 11,684 | 0.1% | 1 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $438.2K | 3,205 | 0.1% | 1 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $427.9K | 1,145 | 0.1% | 3 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $427.6K | 1,181 | 0.1% | 3 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $421.1K | 2,839 | 0.1% | 3 |
| RAMBUS INC DEL | [RMBS](https://holderbook.com/stocks/RMBS/) | $418.4K | 3,152 | 0.1% | 1 |
| FORMFACTOR INC | [FORM](https://holderbook.com/stocks/FORM/) | $400.0K | 2,501 | 0.1% | 1 |
| HIMAX TECHNOLOGIES INC | [HIMX](https://holderbook.com/stocks/HIMX/) | $392.2K | 25,570 | 0.0% | 1 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $390.6K | 7,305 | 0.0% | 3 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $373.7K | 589 | 0.0% | 3 |
| BITDEER TECHNOLOGIES GROUP | [BTDR](https://holderbook.com/stocks/BTDR/) | $365.2K | 23,013 | 0.0% | 1 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $362.5K | 3,201 | 0.0% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $355.2K | 1,005 | 0.0% | 3 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $354.3K | 481 | 0.0% | 3 |
| SOLSTICE ADVANCED MATLS INC | [SOLS](https://holderbook.com/stocks/SOLS/) | $344.7K | 3,890 | 0.0% | 1 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $312.3K | 4,050 | 0.0% | 3 |
| M & T BK CORP | [MTB](https://holderbook.com/stocks/MTB/) | $311.0K | 1,307 | 0.0% | 3 |
| STRYKER CORPORATION | [SYK](https://holderbook.com/stocks/SYK/) | $306.6K | 974 | 0.0% | 3 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $299.1K | 752 | 0.0% | 3 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $293.2K | 1,716 | 0.0% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $289.8K | 251 | 0.0% | 2 |
| API GROUP CORP | [APG](https://holderbook.com/stocks/APG/) | $288.9K | 6,822 | 0.0% | 3 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $282.2K | 6,664 | 0.0% | 3 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $278.9K | 6,576 | 0.0% | 3 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $277.1K | 819 | 0.0% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $275.9K | 782 | 0.0% | 3 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $273.8K | 1,437 | 0.0% | 1 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $260.1K | 270 | 0.0% | 3 |
| AMTECH SYS INC | [ASYS](https://holderbook.com/stocks/ASYS/) | $257.9K | 11,173 | 0.0% | 1 |
| ROYAL CARIBBEAN GROUP | [RCL](https://holderbook.com/stocks/RCL/) | $253.7K | 799 | 0.0% | 1 |
| VANGUARD WORLD FD | [EDV](https://holderbook.com/stocks/EDV/) | $248.5K | 3,818 | 0.0% | 2 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $248.4K | 344 | 0.0% | 1 |
| NBT BANCORP INC | [NBTB](https://holderbook.com/stocks/NBTB/) | $236.2K | 4,785 | 0.0% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $228.8K | 909 | 0.0% | 1 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $223.7K | 7,055 | 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 | +10.7% | +14.8% | -4.2% | 100% |
| Q1 2026 | -3.2% | -4.6% | +1.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $792.9M | 105 |
| Q1 2026 | $689.0M | 87 |
| Q4 2025 | $696.0M | 101 |