BB
Baxter Bros Inc — 13F Portfolio Report & Top Holdings (Q2 2026)
Baxter Bros IncCIK: 0001096783
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$864.3M
Reporting period: 2026-06-30 · Number of holdings: 172
BAXTER BROS INC disclosed 172 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $864.3M and a quarterly turnover rate of 17.7%.
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Personality snowflake
- Concentration
- 10.47
- Portfolio Stability
- 17.7
- Momentum
- 100
- Sector conviction
- 49.61
- Diversification
- 100
- Sizing Uniformity
- 81.23
Baxter Bros Inc's disclosed holdings carry a Herfindahl concentration index of 0.026 — mathematically equivalent to about 38 equally-sized positions, well below its 172 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.88), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim INTU
-4.1% -$10.6M
Trim XOM
-0.4% -$9.1M
Sold out HON
New buy 438516205
New buy 43849R105
Add GOOG
-2.7% $6.7M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 8.03% | -0.01% | +2.09% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 5.67% | -0.27% | +1.06% | |
| 3 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 4.68% | +0.52% | -2.66% | |
| 4 | XOM | Exxon Mobil CORP | Stock-Energy | 4.30% | -1.42% | -0.42% | |
| 5 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.80% | +0.49% | -1.31% | |
| 6 | V | Visa Inc-class A Shares | Stock-Financials | 3.74% | +0.22% | -0.21% | |
| 7 | AXP | American Express Co | Stock-Financials | 3.23% | +0.24% | +3.27% | |
| 8 | UNP | Union Pacific CORP | Stock-Industrials | 2.92% | +0.13% | -0.32% | |
| 9 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.91% | +0.15% | +1.31% | |
| 10 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.52% | -0.16% | +1.68% | |
| 11 | MS | Morgan Stanley | Stock-Financials | 2.23% | +0.34% | -0.89% | |
| 12 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.16% | +0.17% | +1.60% | |
| 13 | QCOM | Qualcomm Inc | Stock-Tech | 2.06% | +0.50% | -1.63% | |
| 14 | ADP | Automatic Data Processing | Stock-Tech | 1.90% | -0.07% | -6.61% | |
| 15 | RTX | Rtx CORP | Stock-Industrials | 1.87% | -0.17% | -0.89% | |
| 16 | MA | Mastercard Inc - A | Stock-Financials | 1.86% | -0.07% | +0.04% | |
| 17 | GE | General Electric | Stock-Industrials | 1.84% | +0.35% | — | |
| 18 | SCHW | Schwab (charles) CORP | Stock-Financials | 1.80% | +0.05% | +11.58% | |
| 19 | INTU | Intuit Inc | Stock-Tech | 1.69% | -1.42% | -4.14% | |
| 20 | GS | Goldman Sachs Group Inc | Stock-Financials | 1.66% | +0.16% | -1.12% | |
| 21 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.43% | -0.09% | -1.09% | |
| 22 | GEV | GE Vernova Inc | Stock-Industrials | 1.41% | +0.29% | — | |
| 23 | VIGI | Vanguard Int Div App Indx Fd | ETF-Other | 1.40% | +0.24% | +21.62% | |
| 24 | CVX | Chevron CORP | Stock-Energy | 1.23% | -0.43% | -1.37% | |
| 25 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.19% | -0.04% | -1.12% | |
| 26 | TMO | Thermo Fisher Scientific Inc | Stock-Healthcare | 1.09% | -0.04% | +1.52% | |
| 27 | NFLX | Netflix Inc | Stock-Comm Services | 1.06% | -0.48% | -1.50% | |
| 28 | PAYX | Paychex Inc | Stock-Tech | 0.99% | -0.04% | -3.24% | |
| 29 | WFC | Wells Fargo & Co | Stock-Financials | 0.98% | -0.04% | -1.45% | |
| 30 | TXN | Texas Instruments Inc | Stock-Tech | 0.91% | +0.27% | -1.08% | |
| 31 | AAPL | Apple Inc | Stock-Tech | 0.91% | +0.06% | -0.78% | |
| 32 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.86% | — | -0.57% | |
| 33 | BX | Blackstone Inc | Stock-Financials | 0.84% | +0.16% | +29.20% | |
| 34 | HD | Home Depot Inc | Stock-Consumer Disc | 0.80% | +0.04% | +5.58% | |
| 35 | SHW | Sherwin-williams Co/the | Stock-Materials | 0.77% | -0.01% | -1.73% | |
| 36 | CB | Chubb Limited | Stock-Financials | 0.74% | +0.02% | +4.69% | |
| 37 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.66% | +0.13% | +2.82% | |
| 38 | MKL | Markel Group Inc | Stock-Financials | 0.59% | -0.03% | +0.77% | |
| 39 | WRB | Wr Berkley CORP | Stock-Financials | 0.59% | — | +0.28% | |
| 40 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.58% | -0.08% | +0.13% | |
| 41 | UBER | Uber Technologies Inc | Stock-Industrials | 0.58% | — | +5.80% | |
| 42 | ✓ | Stock-Other | 0.58% | +0.58% | NEW | ||
| 43 | ✓ | Stock-Other | 0.57% | +0.57% | NEW | ||
| 44 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.57% | -0.05% | -9.79% | |
| 45 | CSX | Csx CORP | Stock-Industrials | 0.54% | +0.04% | +0.01% | |
| 46 | BNY | Bank Of New York Mellon CORP | Stock-Financials | 0.50% | +0.06% | — | |
| 47 | TRP | Tc Energy CORP | Stock-Energy | 0.49% | — | -0.39% | |
| 48 | MAR | Marriott International -cl A | Stock-Consumer Disc | 0.47% | +0.02% | -0.23% | |
| 49 | PSX | Phillips 66 | Stock-Energy | 0.44% | -0.07% | -1.78% | |
| 50 | LHX | L3harris Technologies Inc | Stock-Industrials | 0.44% | -0.12% | -2.23% |
1–50 of 172
Portfolio Performance
Performance for Q3 2026
+6.1%
Performance Last 4 Quarters
+14.2%
- Stdev
- +11.8%
- Beta
- +0.83
- Alpha
- -0.4%
- Max Drawdown
- -7.1%
- Annualized Perf
- +16.7%
- Batting Avg vs S&P
- +44.4%
- Sortino
- +2.84
- Stutzer
- +0.41
- Treynor
- +0.2
- Sterling
- +1.07
- Calmar
- +2.34
- Information Ratio
- -0.69
- Tracking Error
- +5.5%
- Stdev Down
- +5.7%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +30.5%
- Worst 12 Months
- +6%
- Efficiency Ratio
- +0.54
- Sharpe
- +1.37
- Stdev Sectors
- +8.2%
- Skewness
- +0.15
- Kurtosis
- -0.54
- Upside Potential
- +4.6
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 172 | $864.3M | 18 | ||
| 2026 Q1 | 166 | $810.1M | 16 | ||
| 2025 Q4 | 165 | $864.2M | 9 | ||
| 2025 Q3 | 163 | $865.1M | 23 | ||
| 2025 Q2 | 151 | $817.6M | 0 | ||
| 2025 Q1 | 148 | $759.2M | 100 | ||
| 2024 Q4 | 157 | $764.5M | 0 | ||
| 2024 Q3 | 155 | $769.2M | 0 | ||
| 2024 Q2 | 156 | $764.0M | 0 | ||
| 2024 Q1 | 155 | $779.7M | 0 | ||
| 2023 Q4 | 155 | $721.9M | 0 | ||
| 2023 Q3 | 144 | $658.7M | 0 | ||
| 2023 Q2 | 133 | $672.4M | 0 | ||
| 2023 Q1 | 134 | $636.1M | 0 | ||
| 2022 Q4 | 130 | $608.3M | 0 | ||
| 2022 Q3 | 130 | $564.3M | 0 | ||
| 2022 Q2 | 126 | $557.3M | 0 | ||
| 2022 Q1 | 131 | $665.9M | 0 | ||
| 2021 Q4 | 130 | $690.0M | 0 | ||
| 2021 Q3 | 127 | $624.7M | 0 | ||
| 2021 Q2 | 122 | $631.1M | 96 | ||
| 2021 Q1 | 125 | $582.1M | 12 | ||
| 2020 Q4 | 120 | $527.9M | 15 | ||
| 2020 Q3 | 116 | $462.4M | 13 | ||
| 2020 Q2 | 117 | $426.1M | 20 | ||
| 2020 Q1 | 110 | $386.0M | 24 | ||
| 2019 Q4 | 123 | $480.4M | 13 | ||
| 2019 Q3 | 112 | $441.7M | 8 | ||
| 2019 Q2 | 118 | $437.7M | 13 | ||
| 2019 Q1 | 112 | $428.1M | 16 | ||
| 2018 Q4 | 112 | $368.6M | 17 | ||
| 2018 Q3 | 112 | $416.7M | 14 | ||
| 2018 Q2 | 112 | $372.0M | 20 | ||
| 2018 Q1 | 115 | $366.6M | 12 | ||
| 2017 Q4 | 119 | $364.9M | 11 | ||
| 2017 Q3 | 119 | $348.0M | 9 | ||
| 2017 Q2 | 117 | $332.2M | 8 | ||
| 2017 Q1 | 112 | $319.7M | 8 | ||
| 2016 Q4 | 108 | $310.6M | 12 | ||
| 2016 Q3 | 111 | $295.8M | 8 | ||
| 2016 Q2 | 106 | $286.0M | 19 | ||
| 2015 Q4 | 113 | $269.9M | 29 | ||
| 2015 Q3 | 110 | $272.4M | 0 | ||
| 2015 Q2 | 111 | $272.6M | 9 | ||
| 2015 Q1 | 115 | $274.9M | 8 | ||
| 2014 Q4 | 116 | $276.4M | 37 | ||
| 2014 Q3 | 117 | $257.1M | 36 | ||
| 2014 Q2 | 108 | $242.9M | 38 | ||
| 2014 Q1 | 98 | $220.3M | 8 | ||
| 2013 Q4 | 96 | $213.5M | 43 | ||
| 2013 Q3 | 87 | $183.0M | 43 | ||
| 2013 Q2 | 82 | $164.9M | 0 |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Holding changes this quarter
Baxter Bros Inc's most significant position changes for 2026-06-30: Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; Sold out: Fiserv Inc (FISV); New buy: Micron Technology Inc (MU).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | +0.6% | NEW | New buy | |
| 2 | ✓ | +0.6% | NEW | New buy | |
| 3 | GOOG | Alphabet Inc-cl C | +0.5% | -2.66% | Trim |
| 4 | QCOM | Qualcomm Inc | +0.5% | -1.63% | Trim |
| 5 | GOOGL | Alphabet Inc-cl A | +0.5% | -1.31% | Trim |
| 6 | GE | General Electric | +0.4% | — | Unchanged |
| 7 | MS | Morgan Stanley | +0.3% | -0.89% | Trim |
| 8 | GEV | GE Vernova Inc | +0.3% | — | Unchanged |
| 9 | TXN | Texas Instruments Inc | +0.3% | -1.08% | Trim |
| 10 | AXP | American Express Co | +0.2% | +3.27% | Add |
| 11 | VIGI | Vanguard Int Div App Indx Fd | +0.2% | +21.62% | Add |
| 12 | V | Visa Inc-class A Shares | +0.2% | -0.21% | Trim |
| 13 | INTC | Intel CORP | +0.2% | -22.65% | Trim |
| 14 | PANW | Palo Alto Networks Inc | +0.2% | -0.97% | Trim |
| 15 | AMZN | Amazon.com Inc | +0.2% | +1.60% | Add |
| 16 | GS | Goldman Sachs Group Inc | +0.2% | -1.12% | Trim |
| 17 | BX | Blackstone Inc | +0.2% | +29.20% | Add |
| 18 | JPM | Jpmorgan Chase & Co | +0.2% | +1.31% | Add |
| 19 | UNP | Union Pacific CORP | +0.1% | -0.32% | Trim |
| 20 | LLY | Eli Lilly & Co | +0.1% | +2.82% | Add |
| 21 | NVDA | Nvidia CORP | +0.1% | +51.75% | Add |
| 22 | VIG | Vanguard Dividend Apprec ETF | +0.1% | +40.21% | Add |
| 23 | TOST | Toast Inc-class A | +0.1% | +92.86% | Add |
| 24 | TSM | Taiwan Semiconductor-sp Adr | +0.1% | -1.31% | Trim |
| 25 | AAPL | Apple Inc | +0.1% | -0.78% | Trim |
| 26 | BNY | Bank Of New York Mellon CORP | +0.1% | — | Unchanged |
| 27 | SCHW | Schwab (charles) CORP | +0.1% | +11.58% | Add |
| 28 | RKLB | Rocket Lab CORP | +0.1% | — | Unchanged |
| 29 | AMD | Advanced Micro Devices | +0.1% | +1.12% | Add |
| 30 | HD | Home Depot Inc | 0% | +5.58% | Add |
| 31 | CSX | Csx CORP | 0% | +0.01% | Add |
| 32 | ETN | Eaton Corporation plc | 0% | +1.25% | Add |
| 33 | MU | Micron Technology Inc | 0% | NEW | New buy |
| 34 | ✓ | 0% | NEW | New buy | |
| 35 | IWM | Ishares Russell 2000 ETF | 0% | — | Unchanged |
| 36 | IBB | Ishares Biotechnology ETF | 0% | +29.83% | Add |
| 37 | SOXX | Ishares Semiconductor ETF | 0% | NEW | New buy |
| 38 | CBRE | Cbre Group Inc - A | 0% | NEW | New buy |
| 39 | QQQM | Invesco Nasdaq 100 ETF | 0% | NEW | New buy |
| 40 | ✓ | 0% | NEW | New buy | |
| 41 | CSCO | Cisco Systems Inc | 0% | -8.49% | Trim |
| 42 | IXN | Ishares Global Tech ETF | 0% | NEW | New buy |
| 43 | APH | Amphenol Corp-cl A | 0% | NEW | New buy |
| 44 | XLK | Ss Technology Select Sector | 0% | NEW | New buy |
| 45 | GNRC | Generac Holdings Inc | 0% | NEW | New buy |
| 46 | ELV | Elevance Health Inc | 0% | NEW | New buy |
| 47 | ISRG | Intuitive Surgical Inc | 0% | +60.85% | Add |
| 48 | CAT | Caterpillar Inc | 0% | — | Unchanged |
| 49 | SPOT | Spotify Technology S.A. | 0% | NEW | New buy |
| 50 | COF | Capital One Financial CORP | 0% | NEW | New buy |
1–50 of 186
Filing History
FAQ
What is Baxter Bros Inc and what type of investor is it?
Baxter Bros Inc is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $864.3M, spread across 172 disclosed positions.
What are Baxter Bros Inc's largest equity positions?
Based on the latest 13F filing, Baxter Bros Inc's top holdings by market value are:
1. Berkshire Hathaway Inc-cl B (BRK-B) — $69.4M (8.0%)
2. Microsoft CORP (MSFT) — $49.0M (5.7%)
3. Alphabet Inc-cl C (GOOG) — $40.4M (4.7%)
4. Exxon Mobil CORP (XOM) — $37.2M (4.3%)
5. Alphabet Inc-cl A (GOOGL) — $32.9M (3.8%)
What changes did Baxter Bros Inc make in its most recent portfolio filing?
In the latest reported quarter, Baxter Bros Inc made 140 notable position adjustments: 20 new positions were initiated, 41 existing holdings were added to, 65 positions were partially reduced, and 14 were completely exited. The largest of these moves: Sold out: Honeywell International Inc (HON); New buy: ; New buy: ; Sold out: Fiserv Inc (FISV); New buy: Micron Technology Inc (MU)
What sectors does Baxter Bros Inc focus on?
Baxter Bros Inc is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 26.4%
• Information Technology: 19.0%
• Industrials: 15.1%
• Communication Services: 14.9%
• Energy: 8.4%
• Health Care: 5.2%
Investment Profile
Baxter Bros Inc returned an annualized 16.7% over the trailing 36 months — underperforming the S&P 500 by 0.4 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.83 (less volatile than the market) and a 44% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
Its turnover score has risen from 0 to 18 over the past 4 quarters — a shift toward more active trading.
It has added to its GEV position over the past two quarters (+$5.4M, now $12.2M), while trimming INTU over the same stretch (-$25.2M, still holding $14.6M).
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Developer Access
Access Baxter Bros Inc's institutional profile programmatically:
REST API
curl https://alphasmo.com/api/v1/institutions/baxter-bros-incCLI
npx alphasmo institutions get baxter-bros-inc