1y return+30.5%S&P 500 +20.9%
3y return+8.8%S&P 500 +68.5%
5y return+18.2%S&P 500 +74.5%
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 December 31, 2016: $263 against $334 in the S&P 500.2
Silver Heights Capital Management IncS&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 |
|---|---|---|---|
| IRDMIridium Communications Inc. | $179.6M | 55.4% | −36.4% |
| HEI/AHeico Corp new | $50.8M | 15.7% | −1.2% |
| KMXCarmax Inc | $48.3M | 14.9% | |
| ADBEAdobe Inc. | $45.4M | 14.0% | +44.6% |
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 |
|---|---|---|---|
| HEI/AHeico Corp new | June 30, 2020 | +217.5% | $50.8M |
| IRDMIridium Communications Inc. | June 30, 2020 | +115.6% | $179.6M |
| KMXCarmax Inc | June 30, 2020 | −40.9% | $48.3M |
| ADBEAdobe Inc. | December 31, 2025 | −41.4% | $45.4M |
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +58.9% | +14.8% |
| March 31, 2026 | +12.8% | −4.6% |
| December 31, 2025 | −2.5% | +2.4% |
| September 30, 2025 | −25.3% | +7.8% |
| June 30, 2025 | +8.9% | +10.5% |
| March 31, 2025 | −1.8% | −4.6% |
| December 31, 2024 | −5.8% | +2.1% |
| September 30, 2024 | +11.4% | +5.4% |
| June 30, 2024 | +1.6% | +4.0% |
| March 31, 2024 | −10.3% | +10.0% |
| December 31, 2023 | −0.4% | +11.2% |
| September 30, 2023 | −18.1% | −3.6% |
| June 30, 2023 | +5.5% | +8.3% |
| March 31, 2023 | +12.1% | +7.0% |
| December 31, 2022 | +9.8% | +7.1% |
| September 30, 2022 | +4.0% | −5.3% |
| June 30, 2022 | −11.1% | −16.5% |
| March 31, 2022 | −6.4% | −4.9% |
| December 31, 2021 | +0.4% | +10.7% |
| September 30, 2021 | −3.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Silver Heights Capital Management Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1705712&type=13F-HR&dateb=&owner=include&count=40CIK 1705712
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1705712/000170571226000013/Filed August 12, 2026 · accession 0001705712-26-000013