Graham Holdings Co
CIK
104889
Location
ARLINGTON, VA
Portfolio Value
Small
$407,095,489
Diversification
Highly concentrated
Filing Date
Global Rank
#2,770
/ 8,420
▲ 126
Top Industry
Insurance - Diversified
59.5%
3Y Alpha vs SPY
-10.3%
Period ended 6 months ago
Filed Feb 13, 2026 · 4mo
17 quarters · since Dec 2021
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+35.1%
SPY
+76.3%
Annualised alpha
-10.3%
Max drawdown
−11.2%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
4 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025Top Position
59.5%
−0.5 pts
Top 5
100.0%
0.0 pts
Top 10
100.0%
0.0 pts
HHI
4,461
Highly concentrated+79
Portfolio Trend
17 quarters · across all stocks
Sector Breakdown
As of Dec 31, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 88.8% | $361,392,181 |
| Technology | 6.2% | $25,115,067 |
| Communication Services | 5.1% | $20,588,241 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNo qualifying positions this quarter.
Trimmed
Positions the filer reducedNo qualifying positions this quarter.
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
4 positions ·
$407,095,489 total
· as of Dec 31, 2025
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| CABO |
Cable One, Inc.
Communication Services
|
Held | 182,439 | $20,588,241 | 5.06% | |
| PUBM |
PubMatic, Inc.
Technology
|
Held | 2,831,462 | $25,115,067 | 6.17% | |
| MKL |
Markel Group Inc.
Financial Services
|
Held | 55,430 | $119,155,093 | 29.27% | |
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Held | 481,920 | $242,237,088 | 59.50% |