HughesLittle Investment Management portfolio

What changed this quarter

5 positions with a change (1 added to, 3 trimmed, 1 sold). 3 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Flutter Entertainment+30%more sharesIncreased
  6.6% → 7.6%
• Las Vegas Sands−64%fewer sharesReduced
  3.3% → 0.9%
• Taiwan Semiconductor Manufacturing−4.3%fewer sharesReduced
  15.7% → 18.8%

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

• Taiwan Semiconductor ManufacturingTSM18.8%Since Q1 2022 · 18 quartersDetails ▾
• Amazon.comAMZN12.0%Since Q1 2021 · 22 quartersDetails ▾
• BrookfieldBN11.4%Since Q2 2018 · 33 quartersDetails ▾
• Charles SchwabSCHW11.3%Since at least Q4 2013 · 51 quartersDetails ▾
• VisaV9.9%Since at least Q4 2013 · 51 quartersDetails ▾
• UBER TechnologiesUBER9.2%Since Q2 2025 · 5 quartersDetails ▾
• Flutter EntertainmentFLUT7.6%Since Q3 2025 · 4 quartersDetails ▾
• AlphabetGOOGL7.4%Since Q2 2019 · 29 quartersDetails ▾
• ASML HoldingASML6.4%Since Q2 2022 · 17 quartersDetails ▾
• MastercardMA4.8%Since at least Q4 2013 · 51 quartersDetails ▾
• Las Vegas SandsLVS0.9%Since Q2 2024 · 9 quartersDetails ▾
• Berkshire HathawayBRK/B0.1%Since Q1 2024 · 10 quartersDetails ▾
• Costco WholesaleCOST0.1%Since Q4 2016 · 39 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.