1y return+17.8%S&P 500 +20.9%
3y return+63.7%S&P 500 +68.5%
5y return+70.2%S&P 500 +74.5%
10y return+276.8%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: $377 against $357 in the S&P 500.2
Locust Wood Capital Advisers, LLCS&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 |
|---|---|---|---|
| TSMTaiwan Semiconductor Manufac | $337.1M | 8.2% | −6.1% |
| AMZNAmazon Com Inc | $298.8M | 7.2% | −22.3% |
| NVDANvidia Corporation | $266.7M | 6.5% | +13.2% |
| GPGIGpgi Inc | $236.3M | 5.7% | +8.2% |
| GOOGLAlphabet Inc | $233.3M | 5.6% | +25.2% |
| MSFTMicrosoft Corp | $221.8M | 5.4% | +13.2% |
| VVisa Inc | $220.9M | 5.3% | +19.3% |
| SPGIS&p Global Inc | $186.7M | 4.5% | +21.9% |
| Linde PLCCUSIP G54950103 | $177.0M | 4.3% | −27.3% |
| ESIElement Solutions Inc | $168.8M | 4.1% | −20.0% |
| METAMeta Platforms Inc | $160.6M | 3.9% | −6.1% |
| ABTAbbott Laboratories | $156.2M | 3.8% | +58.7% |
| AAPLApple Inc | $138.6M | 3.4% | |
| CSXCsx Corp | $136.9M | 3.3% | |
| VRTVertiv Holdings Co | $136.5M | 3.3% | −24.5% |
| SHWSherwin Williams Co | $114.3M | 2.8% | +32.4% |
| UNHUnitedhealth Group Inc | $105.7M | 2.6% | New |
| RHLDResolute Hldgs Mgmt Inc | $102.5M | 2.5% | +32.1% |
| Amrize LtdCUSIP H2927K103 | $100.8M | 2.4% | New |
| Steris PLCCUSIP G8473T100 | $96.0M | 2.3% | +14.8% |
| WMWaste Mgmt Inc Del | $94.6M | 2.3% | +3.0% |
| PCGPg&e Corp | $89.3M | 2.2% | −35.5% |
| GEHCGe Healthcare Technologies I | $75.2M | 1.8% | −44.8% |
| HONHoneywell Intl Inc | $57.3M | 1.4% | New |
| HONAHoneywell Aerospace Inc | $56.7M | 1.4% | New |
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 |
|---|---|---|---|
| VRTVertiv Holdings Co | June 30, 2020 | +2369.2% | $136.5M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $233.3M |
| RHLDResolute Hldgs Mgmt Inc | March 31, 2025 | +361.2% | $102.5M |
| TSMTaiwan Semiconductor Manufac | March 31, 2022 | +358.1% | $337.1M |
| ESIElement Solutions Inc | June 30, 2020 | +340.1% | $168.8M |
| SUSuncor Energy Inc New | June 30, 2020 | +218.4% | $47.3M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $138.6M |
| BRK/BBerkshire Hathaway Inc Del | June 30, 2020 | +180.3% | $33.2M |
| BRK/ABerkshire Hathaway Inc Del | June 30, 2020 | +180.2% | $17.2M |
| WMWaste Mgmt Inc Del | September 30, 2020 | +96.9% | $94.6M |
Sold off last quarter
- REZIResideo Technologies Inc was $106.6M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.7% | +14.8% |
| March 31, 2026 | −2.9% | −4.6% |
| December 31, 2025 | +4.4% | +2.4% |
| September 30, 2025 | +6.9% | +7.8% |
| June 30, 2025 | +7.7% | +10.5% |
| March 31, 2025 | −5.8% | −4.6% |
| December 31, 2024 | +0.3% | +2.1% |
| September 30, 2024 | +5.5% | +5.4% |
| June 30, 2024 | +2.2% | +4.0% |
| March 31, 2024 | +13.8% | +10.0% |
| December 31, 2023 | +12.7% | +11.2% |
| September 30, 2023 | −1.3% | −3.6% |
| June 30, 2023 | +11.3% | +8.3% |
| March 31, 2023 | +5.1% | +7.0% |
| December 31, 2022 | +11.1% | +7.1% |
| September 30, 2022 | −5.6% | −5.3% |
| June 30, 2022 | −14.4% | −16.5% |
| March 31, 2022 | −6.4% | −4.9% |
| December 31, 2021 | +6.9% | +10.7% |
| September 30, 2021 | −1.1% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Locust Wood Capital Advisers, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1349434&type=13F-HR&dateb=&owner=include&count=40CIK 1349434
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1349434/000134943426000005/Filed August 10, 2026 · accession 0001349434-26-000005