Capco Asset Management, LLC

Hedge Fund • Value

Capco Asset Management, LLC is a Value-focused Hedge Fund based in Tampa, FL led by William Hughes Harrell, reporting $458.5M in AUM as of Q3 2025 with 89% concentrated in top 10 holdings.

Managing PartnerWilliam Hughes Harrell

Portfolio Value: $428.9M
Positions: 27
Top Holding: MAR at 14.68%
Last Reported: Q3 2025

Address101 E Kennedy Blvd # 1425, Tampa, FL, 33602, United States

Top Holdings

Largest long holdings in Capco Asset Management, LLC's portfolio (88.6% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Marriott International MAR	Travel Lodging Consumer Cyclical	$63.0M	14.68%	-$1.3M Sold	0.09% 241.7K shares	Q4 2016 Held for 8y 11m
2 Markel MKL	Insurance - Property & Casualty Financial Services	$50.7M	11.83%	-$930.8K Sold	0.21% 26.6K shares	Q2 2021 Held for 4y 5m
3 Progressive PGR	Insurance - Property & Casualty Financial Services	$48.7M	11.35%	-$975.0K Sold	0.03% 197.1K shares	Q4 2016 Held for 8y 11m
4 Roper Technologies, Inc. ROP	Industrial - Machinery Industrials	$46.0M	10.73%	+$28.7M Bought	0.09% 92.3K shares	Q4 2016 Held for 8y 11m
5 Microsoft MSFT	Software - Infrastructure Technology	$37.2M	8.68%	-$13.4M Sold	0.00% 71.9K shares	Q4 2016 Held for 8y 11m
6 Amazon AMZN	Specialty Retail Consumer Cyclical	$30.6M	7.14%	-$651.0K Sold	0.00% 139.5K shares	Q1 2020 Held for 5y 8m
7 Autodesk ADSK	Software - Application Technology	$28.6M	6.66%	-$646.5K Sold	0.04% 89.9K shares	Q3 2019 Held for 6y 2m
8 Charter Communications, Inc. CHTR	Telecommunications Services Communication Services	$27.8M	6.47%	-$421.7K Sold	0.07% 100.9K shares	Q1 2020 Held for 5y 8m
9 Gogo GOGO	Telecommunications Services Communication Services	$24.9M	5.80%	-$534.4K Sold	2.16% 2.9M shares	Q1 2022 Held for 3y 8m
10 Warner Bros. Discovery, Inc. WBD	Entertainment Communication Services	$22.7M	5.28%	-$34.8M Sold	0.05% 1.2M shares	Q2 2022 Held for 3y 5m

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Capco Asset Management, LLC's latest filing

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GthenC

Market Value

$428.9M

Prior: $475.4M

Q/Q Change

-9.79%

-$46.6M

Net Flows % of MV

-8.18%

Turnover Ratio

12.83%

New Purchases

0 stocks

Added To

3 stocks

+$37.5M

Sold Out Of

0 stocks

Reduced Holdings

18 stocks

-$72.6M

Increased Positions

Position	Shares Δ	Change
1 Atlassian TEAM	+44,167.2%	125.0 → 55.3K +$8.8M
2 Roper Technologies, Inc. ROP	+165.53%	34.7K → 92.3K +$28.7M
3 monday.com MNDY	+21.13%	265.0 → 321.0 +$10.8K

Decreased Positions

Position	Shares Δ	Change
1 Warner Bros. Discovery, Inc. WBD	-60.56%	2.9M → 1.2M −$34.8M
2 Apple AAPL	-50.0%	8.0 → 4.0 −$1.0K
3 Alphabet Inc. GOOG	-48.0%	500.0 → 260.0 −$58.5K
4 Meta Platforms, Inc. META	-47.92%	144.0 → 75.0 −$50.7K
5 Lam Research LRCX	-38.94%	249.3K → 152.2K −$13.0M