LOCUST WOOD CAPITAL ADVISERS, LLC

CIK

1349434

Location

New York, NY

Portfolio Value

Mid $3,923,087,682

Diversification

Diversified

Filing Date

Global Rank

#786 / 8,607 ▲ 2 · as of Mar 2026

Top Industry

Specialty Chemicals 12.6%

3Y Alpha vs SPY

-1.8%

Period ended 3 months ago

Filed May 15, 2026 · 58d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+67.6%

SPY

+75.2%

Annualised alpha

-1.8%

Max drawdown

−21.0%

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

28 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.6%

+1.0 pts

Top 5

33.2%

+2.2 pts

Top 10

56.0%

+5.0 pts

HHI

462

Diversified+62

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	21.1%	$829,203,297	7
Technology	20.0%	$784,981,485	5
Basic Materials	11.8%	$463,766,688	3
Healthcare	9.7%	$380,522,900	4
Financial Services	8.8%	$345,994,657	3
Consumer Cyclical	8.6%	$335,973,666	1
Communication Services	8.2%	$323,612,299	2
Unclassified	6.2%	$243,877,500	1
Utilities	4.0%	$156,397,879	1
Energy	1.5%	$58,757,311	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
GPGI	GPGI, Inc.	+4,919,524	13,783,653	$235,700,466
REZI	Resideo Technologies, Inc.	+512,718	3,162,409	$106,604,807
AMZN	Amazon Com Inc	+451,478	1,613,164	$335,973,666
SPY	Spdr S&P 500 ETF Trust	+271,500	375,000	$243,877,500
NVDA	Nvidia Corp	+256,521	1,177,228	$205,308,563
META	Meta Platforms, Inc.	+206,020	303,415	$173,592,823
V	Visa Inc.	+172,145	539,558	$163,076,009
ABT	Abbott Laboratories	+123,456	1,193,720	$122,559,232
SPGI	S&P Global Inc.	+64,244	376,176	$151,374,350
TSM	Taiwan Semiconductor Manufacturing Co Ltd	+10,066	751,911	$254,108,322
No positions match the current search.

Trimmed

Positions the filer reduced

16 positions

Ticker	Company	Δ Shares	Shares	Value
SU	Suncor Energy Inc	−895,308	888,781	$58,757,311
CSX	Csx Corp	−643,208	2,887,222	$118,520,463
PCG	PG&E Corp	−494,196	8,901,416	$156,397,879
ESI	Element Solutions Inc	−419,081	4,418,530	$150,848,614
VRT	Vertiv Holdings Co	−305,622	540,293	$135,386,619
LIN	Linde PLC	−259,443	469,131	$232,576,384
CP	Canadian Pacific Kansas City Ltd/Cn	−237,076	651,250	$51,227,325
MSFT	Microsoft Corp	−67,317	525,373	$194,477,323
GOOGL	Alphabet Inc.	−59,317	521,698	$150,019,476
AAPL	Apple Inc.	−58,212	480,783	$122,017,917
STE	STERIS plc	−49,283	397,118	$87,814,703
WM	Waste Management Inc	−36,534	411,807	$94,629,130
SHW	Sherwin Williams Co	−18,958	250,637	$80,341,690
RHLD	Resolute Holdings Management, Inc.	−7,096	536,873	$87,134,487
BRK-B	Berkshire Hathaway Inc	−2,833	65,827	$31,544,298
GEHC	GE HealthCare Technologies Inc.	−617	2,126,878	$151,391,176
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
LLY	ELI LILLY & Co	20,394	$18,757,789
PLTR	Palantir Technologies Inc.	62,000	$9,069,360
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
CRM	Salesforce, Inc.	338,038	$89,549,646
NKE	NIKE, Inc.	1,282,705	$81,721,135
NOW	ServiceNow, Inc.	448,310	$68,676,608
AXTA	Axalta Coating Systems Ltd.	1,983,338	$64,081,650
ELV	Elevance Health, Inc.	142,053	$49,796,679
APO	Apollo Global Management, Inc.	336,837	$48,760,524
CZR	Caesars Entertainment, Inc.	18,400	$430,376
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

28 positions · $3,923,087,682 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AMZN	Amazon Com Inc Consumer Cyclical	Added	1,613,164	+451,478	$335,973,666	+25.3%	8.56%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Added	751,911	+10,066	$254,108,322	+12.7%	6.48%
SPY	Spdr S&P 500 ETF Trust	Added	375,000	+271,500	$243,877,500	+245.5%	6.22%
GPGI	GPGI, Inc. Industrials	Added	13,783,653	+4,919,524	$235,700,466	+37.9%	6.01%
LIN	Linde PLC Basic Materials	Reduced	469,131	-259,443	$232,576,384	−25.1%	5.93%
NVDA	Nvidia Corp Technology	Added	1,177,228	+256,521	$205,308,563	+19.6%	5.23%
MSFT	Microsoft Corp Technology	Reduced	525,373	-67,317	$194,477,323	−32.2%	4.96%
META	Meta Platforms, Inc. Communication Services	Added	303,415	+206,020	$173,592,823	+170.0%	4.42%
V	Visa Inc. Financial Services	Added	539,558	+172,145	$163,076,009	+26.6%	4.16%
PCG	PG&E Corp Utilities	Reduced	8,901,416	-494,196	$156,397,879	+3.6%	3.99%
GEHC	GE HealthCare Technologies Inc. Healthcare	Reduced	2,126,878	-617	$151,391,176	−13.2%	3.86%
SPGI	S&P Global Inc. Financial Services	Added	376,176	+64,244	$151,374,350	−1.8%	3.86%
ESI	Element Solutions Inc Basic Materials	Reduced	4,418,530	-419,081	$150,848,614	+24.8%	3.85%
GOOGL	Alphabet Inc. Communication Services	Reduced	521,698	-59,317	$150,019,476	−17.5%	3.82%
VRT	Vertiv Holdings Co Industrials	Reduced	540,293	-305,622	$135,386,619	−1.2%	3.45%
ABT	Abbott Laboratories Healthcare	Added	1,193,720	+123,456	$122,559,232	−8.6%	3.12%
AAPL	Apple Inc. Technology	Reduced	480,783	-58,212	$122,017,917	−16.7%	3.11%
CSX	Csx Corp Industrials	Reduced	2,887,222	-643,208	$118,520,463	−7.4%	3.02%
REZI	Resideo Technologies, Inc. Industrials	Added	3,162,409	+512,718	$106,604,807	+14.6%	2.72%
WM	Waste Management Inc Industrials	Reduced	411,807	-36,534	$94,629,130	−3.9%	2.41%
STE	STERIS plc Healthcare	Reduced	397,118	-49,283	$87,814,703	−22.4%	2.24%
RHLD	Resolute Holdings Management, Inc. Industrials	Reduced	536,873	-7,096	$87,134,487	−22.4%	2.22%
SHW	Sherwin Williams Co Basic Materials	Reduced	250,637	-18,958	$80,341,690	−8.0%	2.05%
SU	Suncor Energy Inc Energy	Reduced	888,781	-895,308	$58,757,311	−25.8%	1.50%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Reduced	651,250	-237,076	$51,227,325	−21.7%	1.31%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	65,827	-2,833	$31,544,298	−8.6%	0.80%
LLY	ELI LILLY & Co Healthcare	NEW	20,394	NEW	$18,757,789	NEW	0.48%
PLTR	Palantir Technologies Inc. Technology	NEW	62,000	NEW	$9,069,360	NEW	0.23%