1y return+8.9%S&P 500 +20.9%
3y return+43.2%S&P 500 +68.5%
5y return+26.9%S&P 500 +74.5%
10y return+193.8%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $294 against $357 in the S&P 500.2
Consulta LtdS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| ABNBAirbnb Inc | $300.5M | 10.8% | +16.7% |
| PSPershing Square Inc | $281.2M | 10.1% | New |
| VVisa Inc | $274.5M | 9.9% | +6.7% |
| AMZNAmazon Com Inc | $262.2M | 9.5% | −6.8% |
| MSFTMicrosoft Corp | $261.1M | 9.4% | +3.7% |
| QXOQxo Inc | $207.4M | 7.5% | +9.1% |
| PGRProgressive Corp | $196.6M | 7.1% | +50.0% |
| NFLXNetflix Inc. | $182.1M | 6.6% | +70.0% |
| WCNWaste Connections Inc | $175.0M | 6.3% | New |
| HCAHca Healthcare Inc | $156.0M | 5.6% | New |
| UNPUnion Pac Corp | $122.4M | 4.4% | |
| PSUSPershing Square Usa Ltd | $112.1M | 4.0% | New |
| MSCIMsci Inc | $112.0M | 4.0% | |
| GOOGLAlphabet Inc | $107.2M | 3.9% | −31.8% |
| HHHHoward Hughes Holdings Inc | $21.4M | 0.8% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $107.2M |
| MSFTMicrosoft Corp | September 30, 2022 | +60.2% | $261.1M |
| ABNBAirbnb Inc | March 31, 2025 | +19.8% | $300.5M |
| UNPUnion Pac Corp | September 30, 2025 | +15.1% | $122.4M |
| QXOQxo Inc | September 30, 2024 | +9.6% | $207.4M |
| AMZNAmazon Com Inc | September 30, 2025 | +8.5% | $262.2M |
| HHHHoward Hughes Holdings Inc | June 30, 2025 | +5.9% | $21.4M |
| MSCIMsci Inc | March 31, 2026 | +3.9% | $112.0M |
| VVisa Inc | December 31, 2025 | −2.2% | $274.5M |
| PGRProgressive Corp | December 31, 2025 | −4.1% | $196.6M |
Sold off last quarter
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +5.6% | +14.8% |
| March 31, 2026 | −6.5% | −4.6% |
| December 31, 2025 | +6.3% | +2.4% |
| September 30, 2025 | +3.7% | +7.8% |
| June 30, 2025 | +13.5% | +10.5% |
| March 31, 2025 | −1.7% | −4.6% |
| December 31, 2024 | −2.6% | +2.1% |
| September 30, 2024 | +8.7% | +5.4% |
| June 30, 2024 | −3.2% | +4.0% |
| March 31, 2024 | +8.5% | +10.0% |
| December 31, 2023 | +7.4% | +11.2% |
| September 30, 2023 | −1.3% | −3.6% |
| June 30, 2023 | +7.5% | +8.3% |
| March 31, 2023 | +6.3% | +7.0% |
| December 31, 2022 | +7.9% | +7.1% |
| September 30, 2022 | −9.0% | −5.3% |
| June 30, 2022 | −23.5% | −16.5% |
| March 31, 2022 | −1.2% | −4.9% |
| December 31, 2021 | +3.7% | +10.7% |
| September 30, 2021 | +0.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Consulta Ltd Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1510677&type=13F-HR&dateb=&owner=include&count=40CIK 1510677
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1510677/000110465926096587/Filed August 14, 2026 · accession 0001104659-26-096587