Venator Management LLC

Registered adviser

CIK

1838211

Location

PITTSBURGH, PA

Portfolio Value

Small $443,405,684

Diversification

Diversified

Filing Date

Global Rank

#4,008 / 8,807 ▼ 372

Top Industry

Internet Content & Information 33.1%

Period ended 4 months ago

Filed Aug 13, 2026 · 2mo

23 quarters · since Dec 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 310406

Roster of Oct 1, 2026

Regulatory AUM

$511,709,674

Main clients

Individuals and high net worth (55% of AUM)

Private funds

1 fund · Hedge funds

Focus by fund count, roster of Oct 1, 2026

$209,029,261 gross assets

Private funds on Schedule D 7.B.(1)

As filed Mar 22, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$154,139,704 gross assets in 1 fund Hedge funds $154,139,704 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$511,709,674	Individuals and high net worth (55%)
Apr 2025 to Mar 2026	$428,476,993	Individuals and high net worth (52%)
Apr 2024 to Mar 2025	$367,738,427	Individuals and high net worth (53%)
May 2023 to Mar 2024	$281,513,519	Diversified
Apr 2023	$281,513,519	Diversified
Apr 2022 to Mar 2023	$411,181,497	Individuals and high net worth (54%)

2 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 87.4% of the book (60%+)

Turnover

Low turnover

18.4% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 19.6 quarters (12+)

Closest benchmark: the S&P 500 as of 2026-06-30, active share 82.5%; sector active share 56.8% against the combined 13F book's sector weights.

Over time 23 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

26 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

29.3%

+4.0 pts

Top 5

65.9%

+3.3 pts

Top 10

87.4%

+4.5 pts

HHI

1,349

Diversified+224

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Communication Services	39.5%	$175,260,694	5
Financial Services	26.8%	$118,698,295	10
Consumer Cyclical	18.0%	$79,645,394	4
Technology	10.9%	$48,408,124	2
Basic Materials	1.9%	$8,449,434	1
Healthcare	1.5%	$6,583,920	3
Unclassified	1.4%	$6,359,823	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
INTU	Intuit Inc.	+52,472	91,408	$23,857,488
NFLX	Netflix Inc	+32,150	418,675	$29,893,395
SPGI	S&P Global Inc.	+8,721	11,221	$4,569,864
V	Visa Inc.	+5,645	154,760	$53,096,608
UBER	Uber Technologies, Inc	+2,045	340,225	$24,550,636
GOOG	Alphabet Inc.	+555	225,195	$79,568,149
GOOGL	Alphabet Inc.	+295	141,099	$50,424,549
BRK-B	Berkshire Hathaway Inc	+66	18,141	$9,077,574
JPM	Jpmorgan Chase & Co	+52	50,267	$16,453,897
NVR	Nvr Inc	+24	2,916	$19,867,874
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
TTAM	Titan America SA	−82,700	452,810	$8,449,434
SBUX	Starbucks Corp	−54,725	29,000	$2,963,510
FISV	Fiserv Inc	−33,305	129,660	$6,359,823
UNH	Unitedhealth Group Inc	−16,825	6,065	$2,520,795
ELV	Elevance Health, Inc.	−16,105	4,480	$1,732,550
COF	Capital One Financial Corp	−12,625	63,365	$12,712,286
META	Meta Platforms, Inc.	−3,451	25,999	$14,644,976
AMZN	Amazon Com Inc	−3,140	230,042	$54,828,210
DECK	Deckers Outdoor Corp	−2,500	20,000	$1,985,800
MRSH	Marsh & Mclennan Companies, Inc.	−1,200	1,800	$300,006
TMUS	T-Mobile US, Inc.	−250	4,350	$729,625
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
COO	Cooper Companies, Inc.	32,500	$2,330,575
AJG	Arthur J. Gallagher & Co.	1,000	$229,570
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
CZR	Caesars Entertainment, Inc.	88,725	$2,345,001
FCNCA	First Citizens Bancshares Inc /De/	686	$1,292,876
ABNB	Airbnb, Inc.	10,000	$1,262,800
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

26 tracked positions · $443,405,684 total · filing declares 27 positions · $444,042,160 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Financial Services Healthcare Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
GOOG	Alphabet Inc. Communication Services	Added	225,195	+555	$79,568,149	+23.5%	23	before history	17.94%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	230,042	-3,140	$54,828,210	+12.9%	21	unpriced	12.37%
V	Visa Inc. Financial Services	Added	154,760	+5,645	$53,096,608	+17.8%	23	before history	11.97%
GOOGL	Alphabet Inc. Communication Services	Added	141,099	+295	$50,424,549	+24.5%	23	before history	11.37%
NFLX	Netflix Inc Communication Services	Added	418,675	+32,150	$29,893,395	−19.6%	18	unpriced	6.74%
UBER	Uber Technologies, Inc Technology	Added	340,225	+2,045	$24,550,636	+0.9%	23	before history	5.54%
INTU	Intuit Inc. Technology	Added	91,408	+52,472	$23,857,488	+41.7%	2	$403.14	5.38%
BWIN	Baldwin Insurance Group, Inc. Financial Services	Held	773,345	0	$20,555,510	+21.1%	23	before history	4.64%
NVR	Nvr Inc Consumer Cyclical	Added	2,916	+24	$19,867,874	+4.3%	23	before history	4.48%
JPM	Jpmorgan Chase & Co Financial Services	Added	50,267	+52	$16,453,897	+11.4%	23	before history	3.71%
META	Meta Platforms, Inc. Communication Services	Reduced	25,999	-3,451	$14,644,976	−13.1%	23	before history	3.30%
COF	Capital One Financial Corp Financial Services	Reduced	63,365	-12,625	$12,712,286	−8.3%	12	$142.08	2.87%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	18,141	+66	$9,077,574	+4.8%	23	before history	2.05%
TTAM	Titan America SA Basic Materials	Reduced	452,810	-82,700	$8,449,434	+5.3%	6	$14.24	1.91%
FISV	Fiserv Inc	Reduced	129,660	-33,305	$6,359,823	−30.1%	3	$72.12	1.43%
SPGI	S&P Global Inc. Financial Services	Added	11,221	+8,721	$4,569,864	+329.8%	2	unpriced	1.03%
SBUX	Starbucks Corp Consumer Cyclical	Reduced	29,000	-54,725	$2,963,510	−60.5%	8	$87.31	0.67%
UNH	Unitedhealth Group Inc Healthcare	Reduced	6,065	-16,825	$2,520,795	−59.3%	5	$322.32	0.57%
COO	Cooper Companies, Inc. Healthcare	NEW	32,500	NEW	$2,330,575	NEW	1	$65.37	0.53%
DECK	Deckers Outdoor Corp Consumer Cyclical	Reduced	20,000	-2,500	$1,985,800	−11.8%	3	$95.23	0.45%
ELV	Elevance Health, Inc. Healthcare	Reduced	4,480	-16,105	$1,732,550	−71.2%	4	$311.12	0.39%
BRK-A	Berkshire Hathaway Inc Financial Services	Held	2	0	$1,497,700	+4.3%	6	$729,330.80	0.34%
TMUS	T-Mobile US, Inc. Communication Services	Reduced	4,350	-250	$729,625	−24.5%	23	before history	0.16%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Reduced	1,800	-1,200	$300,006	−42.3%	3	$186.21	0.07%
AJG	Arthur J. Gallagher & Co. Financial Services	NEW	1,000	NEW	$229,570	NEW	1	$212.34	0.05%
BRO	Brown & Brown, Inc. Financial Services	Held	3,200	0	$205,280	−1.6%	2	$72.08	0.05%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.