Greenbrier Partners Capital Management portfolio

What changed this quarter

6 positions with a change (2 added to, 4 trimmed). 4 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Apple−16%fewer sharesReduced
  23.1% → 21.6%
• Alphabet−2.8 ppof portfolioReduced
  20.1% → 21.5%
• Spotify Technology+212%more sharesIncreased
  1.3% → 3.8%
• Meta Platforms−6.7%fewer sharesReduced
  17.4% → 15.6%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• AppleAAPL21.6%Since at least Q2 2013 · 53 quartersDetails ▾
• AlphabetGOOG · GOOGL21.5%Since Q4 2015 · 43 quartersDetails ▾
• Meta PlatformsMETA15.6%Since at least Q2 2013 · 53 quartersDetails ▾
• Costco WholesaleCOST15.5%Since at least Q2 2013 · 53 quartersDetails ▾
• Amazon.comAMZN11.1%Since Q2 2016 · 41 quartersDetails ▾
• Spotify TechnologySPOT3.8%Since Q2 2019 · 29 quartersDetails ▾
• Markel GroupMKL3.7%Since at least Q2 2013 · 53 quartersDetails ▾
• MicrosoftMSFT3.3%Since Q4 2018 · 31 quartersDetails ▾
• Berkshire HathawayBRK/B3.0%Since at least Q2 2013 · 53 quartersDetails ▾
• CopartCPRT0.9%Since Q3 2024 · 8 quartersDetails ▾

“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.