Port Capital 13F annual report
Port Capital is an investment fund managing more than $1.79 trillion ran by Tracy Rothmeyer. There are currently 88 companies in Mrs. Rothmeyer’s portfolio. The largest investments include Heico and RBC Bearings, together worth $238 billion.
$1.79 trillion Assets Under Management (AUM)
As of 8th February 2024, Port Capital’s top holding is 932,077 shares of Heico currently worth over $133 billion and making up 7.4% of the portfolio value.
Relative to the number of outstanding shares of Heico, Port Capital owns more than approximately 0.1% of the company.
In addition, the fund holds 369,573 shares of RBC Bearings worth $105 billion, whose value grew 19.7% in the past six months.
The third-largest holding is Teledyne Technologies Inc worth $97.9 billion and the next is Rli Corp Com worth $96.2 billion, with 722,357 shares owned.
Currently, Port Capital's portfolio is worth at least $1.79 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Port Capital
The Port Capital office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, Tracy Rothmeyer serves as the Chief Operating Officer and Chief Compliance Officer at Port Capital.
Recent trades
In the most recent 13F filing, Port Capital revealed that it had opened a new position in
SPX Technologies Inc and bought 179,964 shares worth $18.2 billion.
This means they effectively own approximately 0.1% of the company.
SPX Technologies Inc makes up
3.4%
of the fund's Industrials sector allocation and has grown its share price by 49.1% in the past year.
The investment fund also strengthened its position in Heico by buying
4,327 additional shares.
This makes their stake in Heico total 932,077 shares worth $133 billion.
Heico soared 9.1% in the past year.
On the other hand, Tracy Rothmeyer disclosed a decreased stake in Amphenol by approximately 0.1%.
This leaves the value of the investment at $66.4 billion and 670,051 shares.
One of the largest hedge funds
The two most similar investment funds to Port Capital are Montag A & Associates Inc and Apella Capital. They manage $1.79 trillion and $1.79 trillion respectively.
Tracy Rothmeyer investment strategy
Port Capital’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Industrials — making up 29.7% of
the total portfolio value.
The fund focuses on investments in the United States as
27.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
19% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $196 billion.
The complete list of Port Capital trades based on 13F SEC filings
These positions were updated on February 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Heico Corp. |
0.47%
932,077
|
$132,765,000,000 | 7.41% |
| RBC Bearings Inc. |
0.39%
369,573
|
$105,288,000,000 | 5.87% |
| Teledyne Technologies Inc |
0.39%
219,329
|
$97,884,000,000 | 5.46% |
| Rli Corp Com |
0.39%
722,357
|
$96,160,000,000 | 5.37% |
| Copart, Inc. |
0.11%
1,729,787
|
$84,760,000,000 | 4.73% |
| Ametek Inc |
0.43%
443,109
|
$73,064,000,000 | 4.08% |
| Simpson Mfg Inc Com |
0.48%
356,125
|
$70,506,000,000 | 3.93% |
| Linde Plc Shs |
0.34%
163,829
|
$67,286,000,000 | 3.75% |
| Amphenol Corp. |
0.24%
670,051
|
$66,422,000,000 | 3.71% |
| Graco Inc. |
0.40%
762,273
|
$66,135,000,000 | 3.69% |
| Oreilly Automotive Inc Com |
0.40%
67,641
|
$64,264,000,000 | 3.59% |
| Progressive Corp Com |
6.27%
358,432
|
$57,091,000,000 | 3.19% |
| Canadian Pacific Kansas City C |
0.48%
677,494
|
$53,875,000,000 | 3.01% |
| Idex Corp Com |
8.73%
231,038
|
$50,161,000,000 | 2.80% |
| Intercontinental Exchange Inc |
0.36%
368,585
|
$47,337,000,000 | 2.64% |
| Arch Cap Group Ltd Ord |
0.30%
621,940
|
$46,191,000,000 | 2.58% |
| Winmark Corp Com |
1.34%
110,316
|
$46,062,000,000 | 2.57% |
| Onto Innovation Inc. |
0.45%
298,356
|
$45,619,000,000 | 2.55% |
| Mastercard Incorporated |
0.33%
105,306
|
$44,914,000,000 | 2.51% |
| Fiserv, Inc. |
0.42%
325,333
|
$43,217,000,000 | 2.41% |
| Prosperity Bancshares Inc. |
0.78%
554,888
|
$37,583,000,000 | 2.10% |
| Roper Technologies Inc |
0.41%
67,562
|
$36,833,000,000 | 2.06% |
| Unitedhealth Group Inc |
0.60%
69,409
|
$36,542,000,000 | 2.04% |
| Kinsale Cap Group Inc Com |
18.85%
102,658
|
$34,381,000,000 | 1.92% |
| Caci International Inc. |
17.23%
99,261
|
$32,147,000,000 | 1.79% |
| Watts Water Technologies Inc C |
69.57%
151,393
|
$31,541,000,000 | 1.76% |
| Glacier Bancorp Inc New Com |
2.71%
700,654
|
$28,951,000,000 | 1.62% |
| Selective Ins Group Inc Com |
4.06%
288,650
|
$28,715,000,000 | 1.60% |
| Visa Inc |
0.38%
106,637
|
$27,763,000,000 | 1.55% |
| SPX Technologies Inc |
Opened
179,964
|
$18,178,000,000 | 1.01% |
| Hayward Hldgs Inc Com |
2.07%
1,266,397
|
$17,223,000,000 | 0.96% |
| Parker-hannifin Corp Com |
Opened
33,729
|
$15,539,000,000 | 0.87% |
| Invesco Exchange Traded Fd Tr |
0.47%
91,719
|
$14,473,000,000 | 0.81% |
| Apple Inc |
1.67%
60,025
|
$11,557,000,000 | 0.64% |
| Alphabet Inc Cap Stk Cl A |
0.38%
61,065
|
$8,530,000,000 | 0.48% |
| Colgate Palmolive Co Com |
0.13%
83,233
|
$6,635,000,000 | 0.37% |
| Spdr S&p 500 Etf Tr Tr Unit |
0.65%
11,922
|
$5,667,000,000 | 0.32% |
| Microsoft Corp Com |
2.76%
14,593
|
$5,488,000,000 | 0.31% |
| Schwab Strategic Tr Intl Eqty |
No change
69,600
|
$2,572,000,000 | 0.14% |
| Hingham Instn Svgs Mass Com |
88.31%
12,930
|
$2,514,000,000 | 0.14% |
| Alphabet Inc Cap Stk Cl C |
2.28%
17,259
|
$2,432,000,000 | 0.14% |
| Texas Instrs Inc Com |
0.01%
9,960
|
$1,698,000,000 | 0.09% |
| CSW Industrials Inc |
No change
7,800
|
$1,618,000,000 | 0.09% |
| Te Connectivity Ltd Shs |
1.33%
10,820
|
$1,520,000,000 | 0.08% |
| Petroleo Brasileiro Sa Petrobr |
No change
74,101
|
$1,132,000,000 | 0.06% |
| Amazon.com Inc. |
4.93%
7,274
|
$1,105,000,000 | 0.06% |
| Jpmorgan Chase & Co Com |
7.95%
6,264
|
$1,066,000,000 | 0.06% |
| Merck & Co Inc |
0.17%
9,384
|
$1,023,000,000 | 0.06% |
| Ishares Tr Core S&p Scp Etf |
0.03%
8,829
|
$956,000,000 | 0.05% |
| Ishares Tr Rus Mdcp Val Etf |
2.56%
8,016
|
$932,000,000 | 0.05% |
| Lauder Estee Cos Inc Cl A |
0.51%
6,104
|
$893,000,000 | 0.05% |
| Johnson & Johnson Com |
6.79%
5,680
|
$890,000,000 | 0.05% |
| Ares Capital Corp Com |
138.89%
43,000
|
$861,000,000 | 0.05% |
| Ishares Gold Tr Ishares |
No change
21,350
|
$833,000,000 | 0.05% |
| Vanguard Index Fds Total Stk M |
No change
3,411
|
$809,000,000 | 0.05% |
| Abbott Labs Com |
0.92%
7,225
|
$795,000,000 | 0.04% |
| International Business Machs C |
1.35%
4,547
|
$744,000,000 | 0.04% |
| Thermo Fisher Scientific Inc C |
0.15%
1,371
|
$728,000,000 | 0.04% |
| Berkshire Hathaway Inc. |
0.66%
1,809
|
$645,000,000 | 0.04% |
| Mcdonalds Corp Com |
1.07%
2,119
|
$628,000,000 | 0.04% |
| Spdr Index Shs Fds Portfolio D |
No change
18,000
|
$612,000,000 | 0.03% |
| Conocophillips Com |
6.51%
4,468
|
$519,000,000 | 0.03% |
| Northern Tr Corp Com |
2.26%
5,957
|
$503,000,000 | 0.03% |
| Comcast Corp New Cl A |
3.38%
10,802
|
$474,000,000 | 0.03% |
| Vanguard Intl Equity Index Fds |
No change
4,316
|
$444,000,000 | 0.02% |
| Ryan Specialty Group Holdings, Inc. |
No change
10,000
|
$430,000,000 | 0.02% |
| Illinois Tool Wks Inc Com |
1.47%
1,613
|
$423,000,000 | 0.02% |
| Enterprise Prods Partners L P |
No change
15,250
|
$402,000,000 | 0.02% |
| Honeywell Intl Inc Com |
1.67%
1,770
|
$371,000,000 | 0.02% |
| Unilever Plc Spon Adr New |
No change
7,000
|
$339,000,000 | 0.02% |
| Golub Cap Bdc Inc Com |
No change
22,000
|
$332,000,000 | 0.02% |
| Ishares Tr S&p 100 Etf |
Opened
1,476
|
$330,000,000 | 0.02% |
| Blackstone Inc |
1.78%
2,490
|
$326,000,000 | 0.02% |
| Kenvue Inc Com |
9.74%
15,072
|
$325,000,000 | 0.02% |
| Accenture Plc Ireland Shs Clas |
2.34%
919
|
$322,000,000 | 0.02% |
| Phillips 66 Com |
2.20%
2,406
|
$320,000,000 | 0.02% |
| Pepsico Inc Com |
0.66%
1,798
|
$305,000,000 | 0.02% |
| Costco Whsl Corp New Com |
11.64%
448
|
$296,000,000 | 0.02% |
| Vanguard Index Fds Value Etf |
Opened
1,863
|
$279,000,000 | 0.02% |
| Pfizer Inc. |
3.43%
9,342
|
$269,000,000 | 0.02% |
| Vanguard Index Fds Large Cap E |
Opened
1,098
|
$240,000,000 | 0.01% |
| American Express Co Com |
Opened
1,272
|
$238,000,000 | 0.01% |
| Aon Plc Shs Cl A |
10.04%
800
|
$233,000,000 | 0.01% |
| Nucor Corp Com |
3.34%
1,273
|
$222,000,000 | 0.01% |
| Ishares Tr Msci Acwi Etf |
Opened
2,000
|
$204,000,000 | 0.01% |
| Fifth Third Bancorp Com |
Opened
5,893
|
$203,000,000 | 0.01% |
| Alphatec Hldgs Inc Com New |
No change
13,000
|
$196,000,000 | 0.01% |
| Solid Power Inc Class A Com |
78.33%
19,750
|
$29,000,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 88 holdings | |||
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