LW
Locust Wood Capital Advisers, LLC 13F Filings Tracker & Analysis
Locust Wood Capital Advisers, LLCCIK: 0001349434
Momentum followerQuality / disciplined sizingDiversified strategy
Total reported value
$3.9B
Reporting period: 2026-03-31 · Number of holdings: 31
LOCUST WOOD CAPITAL ADVISERS, LLC disclosed 31 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $3.9B and a quarterly turnover rate of 33.8%.
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Personality snowflake
- Concentration
- 18.31
- Portfolio Stability
- 33.82
- Momentum/Contrarian
- 100
- Sector conviction
- 42.49
- Diversification
- 58
- Sizing Uniformity
- 94.17
Locust Wood Capital Advisers, LLC's disclosed holdings carry a Herfindahl concentration index of 0.046 — mathematically equivalent to about 22 equally-sized positions, close to its 31 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.58), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 3.2 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Recent moves
Add SPY
+262.3% $173.3M
Add META
+211.5% $109.3M
Add AMZN
+38.9% $67.8M
Trim MSFT
-11.4% -$92.2M
Add GPGI
+55.5% $64.8M
Trim LIN
-35.6% -$78.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 29 holdings (of 31 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AMZN | Amazon.com INC | Stock-Consumer Disc | 8.51% | +2.03% | +38.86% | |
| 2 | TSM | Taiwan Semiconductor-sp Adr | Stock-Tech | 6.44% | +0.99% | +1.36% | |
| 3 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 6.18% | +4.47% | +262.32% | |
| 4 | GPGI | Gpgi INC | Stock-Other | 5.97% | +1.84% | +55.50% | |
| 5 | LIN | Linde plc | Stock-Materials | 5.89% | -1.62% | -35.61% | |
| 6 | NVDA | Nvidia CORP | Stock-Tech | 5.20% | +1.05% | +27.86% | |
| 7 | MSFT | Microsoft CORP | Stock-Tech | 4.93% | -2.00% | -11.36% | |
| 8 | META | Meta Platforms Inc-class A | Stock-Comm Services | 4.40% | +2.85% | +211.53% | |
| 9 | V | Visa Inc-class A Shares | Stock-Financials | 4.13% | +1.02% | +46.85% | |
| 10 | SPGI | S&p Global INC | Stock-Financials | 4.05% | +0.11% | +20.60% | |
| 11 | PCG | P G & E CORP | Stock-Utilities | 3.96% | +0.31% | -5.26% | |
| 12 | GEHC | GE Healthcare Technology | Stock-Healthcare | 3.83% | -0.39% | -0.03% | |
| 13 | ESI | Element Solutions INC | Stock-Materials | 3.82% | +0.90% | -8.66% | |
| 14 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 3.80% | -0.59% | -10.21% | |
| 15 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 3.43% | +0.12% | -36.13% | |
| 16 | ABT | Abbott Laboratories | Stock-Healthcare | 3.10% | -0.14% | +11.54% | |
| 17 | AAPL | Apple INC | Stock-Tech | 3.09% | -0.45% | -10.80% | |
| 18 | CSX | Csx CORP | Stock-Industrials | 3.00% | -0.09% | -18.22% | |
| 19 | REZI | Resideo Technologies INC | Stock-Industrials | 2.70% | +0.45% | +19.35% | |
| 20 | WM | Waste Management INC | Stock-Industrials | 2.40% | +0.02% | -8.15% | |
| 21 | STE | STERIS plc | Stock-Healthcare | 2.22% | -0.51% | -11.04% | |
| 22 | RHLD | Resolute Holdings Manag | Stock-Other | 2.21% | -0.50% | -1.30% | |
| 23 | SHW | Sherwin-williams Co/the | Stock-Materials | 2.03% | -0.08% | -7.03% | |
| 24 | SU | Suncor Energy INC | Stock-Energy | 1.49% | -0.42% | -50.18% | |
| 25 | CP | Canadian Pacific Kansas City | Stock-Industrials | 1.30% | -0.28% | -26.69% | |
| 26 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.80% | -0.03% | -4.13% | |
| 27 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.48% | +0.48% | NEW | |
| 28 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.42% | -0.02% | -4.17% | |
| 29 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.23% | +0.23% | NEW |
Portfolio Performance
Performance for Q3 2026
+1.1%
Performance Last 4 Quarters
+22.2%
Based on 71% of reported portfolio value with available pricing
- Stdev
- +13.5%
- Beta
- +0.83
- Alpha
- +2.6%
- Max Drawdown
- -12.5%
- Annualized Perf
- +18.4%
- Batting Avg vs S&P
- +52.8%
- Sortino
- +2.59
- Stutzer
- +0.39
- Treynor
- +0.22
- Sterling
- +1.02
- Calmar
- +1.48
- Information Ratio
- -0.07
- Tracking Error
- +8.3%
- Stdev Down
- +6.9%
- Winning Months %
- +63.9%
- Losing Months %
- +36.1%
- Best 12 Months
- +41.1%
- Worst 12 Months
- +1.4%
- Efficiency Ratio
- +0.55
- Sharpe
- +1.33
- Stdev Sectors
- +5.8%
- Skewness
- +0.03
- Kurtosis
- +0.03
- Upside Potential
- +4.18
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 31 | $3.9B | 34 | |
| 2025-12-31 | 38 | $4.1B | 27 | |
| 2025-09-30 | 54 | $4.0B | 42 | |
| 2025-06-30 | 56 | $3.8B | 0 | |
| 2025-03-31 | 49 | $3.2B | 100 | |
| 2024-12-31 | 46 | $2.9B | 0 | |
| 2024-09-30 | 48 | $3.0B | 0 | |
| 2024-06-30 | 44 | $2.8B | 0 | |
| 2024-03-31 | 44 | $2.8B | 0 | |
| 2023-12-31 | 46 | $2.6B | 0 | |
| 2023-09-30 | 48 | $2.4B | 0 | |
| 2023-06-30 | 49 | $2.2B | 0 | |
| 2023-03-31 | 45 | $1.7B | 0 | |
| 2022-12-31 | 54 | $1.8B | 0 | |
| 2022-09-30 | 47 | $1.4B | 0 | |
| 2022-06-30 | 48 | $1.6B | 0 | |
| 2022-03-31 | 44 | $1.8B | 0 | |
| 2021-12-31 | 47 | $2.0B | 0 | |
| 2021-09-30 | 47 | $1.8B | 0 | |
| 2021-06-30 | 47 | $1.7B | 99 | |
| 2021-03-31 | 46 | $1.7B | 57 | |
| 2020-12-31 | 51 | $1.8B | 45 | |
| 2020-09-30 | 55 | $1.6B | 36 | |
| 2020-06-30 | 58 | $1.6B | 52 | |
| 2020-03-31 | 54 | $1.2B | 55 | |
| 2019-12-31 | 43 | $1.3B | 40 | |
| 2019-09-30 | 41 | $1.2B | 33 | |
| 2019-06-30 | 51 | $1.4B | 34 | |
| 2019-03-31 | 46 | $1.3B | 49 | |
| 2018-12-31 | 54 | $1.3B | 68 | |
| 2018-09-30 | 47 | $1.4B | 38 | |
| 2018-06-30 | 44 | $1.3B | 56 | |
| 2018-03-31 | 31 | $978.9M | 54 | |
| 2017-12-31 | 36 | $1.1B | 45 | |
| 2017-09-30 | 38 | $1.1B | 54 | |
| 2017-06-30 | 41 | $921.5M | 52 | |
| 2017-03-31 | 41 | $842.4M | 47 | |
| 2016-12-31 | 39 | $886.9M | 55 | |
| 2016-09-30 | 42 | $866.8M | 63 | |
| 2016-06-30 | 47 | $894.4M | 65 | |
| 2016-03-31 | 40 | $941.4M | 47 | |
| 2015-12-31 | 38 | $808.5M | 38 | |
| 2015-09-30 | 36 | $740.2M | 69 | |
| 2015-06-30 | 42 | $723.6M | 31 | |
| 2015-03-31 | 45 | $792.1M | 62 | |
| 2014-12-31 | 48 | $754.9M | 71 | |
| 2014-09-30 | 44 | $701.2M | 71 | |
| 2014-06-30 | 43 | $702.3M | 51 | |
| 2014-03-31 | 43 | $614.9M | 57 | |
| 2013-12-31 | 47 | $566.5M | 45 | |
| 2013-09-30 | 45 | $491.5M | 39 | |
| 2013-06-30 | 43 | $472.9M | 0 |
Holding changes this quarter
Locust Wood Capital Advisers, LLC's most significant position changes for 2026-03-31: Sold out: Salesforce INC (CRM); Sold out: Nike INC -cl B (NKE); Sold out: Servicenow INC (NOW); Sold out: Axalta Coating Systems Ltd. (AXTA); Sold out: Elevance Health INC (ELV).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +4.5% | +262.32% | Add |
| 2 | META | Meta Platforms Inc-class A | +2.9% | +211.53% | Add |
| 3 | AMZN | Amazon.com INC | +2% | +38.86% | Add |
| 4 | GPGI | Gpgi INC | +1.8% | +55.50% | Add |
| 5 | NVDA | Nvidia CORP | +1.1% | +27.86% | Add |
| 6 | V | Visa Inc-class A Shares | +1% | +46.85% | Add |
| 7 | TSM | Taiwan Semiconductor-sp Adr | +1% | +1.36% | Add |
| 8 | ESI | Element Solutions INC | +0.9% | -8.66% | Trim |
| 9 | REZI | Resideo Technologies INC | +0.5% | +19.35% | Add |
| 10 | PCG | P G & E CORP | +0.3% | -5.26% | Trim |
| 11 | VRT | Vertiv Holdings Co-a | +0.1% | -36.13% | Trim |
| 12 | SPGI | S&p Global INC | +0.1% | +20.60% | Add |
| 13 | WM | Waste Management INC | 0% | -8.15% | Trim |
| 14 | BRK-A | Berkshire Hathaway Inc-cl A | 0% | -4.17% | Trim |
| 15 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | -4.13% | Trim |
| 16 | SHW | Sherwin-williams Co/the | -0.1% | -7.03% | Trim |
| 17 | CSX | Csx CORP | -0.1% | -18.22% | Trim |
| 18 | ABT | Abbott Laboratories | -0.1% | +11.54% | Add |
| 19 | CP | Canadian Pacific Kansas City | -0.3% | -26.69% | Trim |
| 20 | GEHC | GE Healthcare Technology | -0.4% | -0.03% | Trim |
| 21 | SU | Suncor Energy INC | -0.4% | -50.18% | Trim |
| 22 | AAPL | Apple INC | -0.5% | -10.80% | Trim |
| 23 | RHLD | Resolute Holdings Manag | -0.5% | -1.30% | Trim |
| 24 | STE | STERIS plc | -0.5% | -11.04% | Trim |
| 25 | GOOGL | Alphabet Inc-cl A | -0.6% | -10.21% | Trim |
| 26 | LIN | Linde plc | -1.6% | -35.61% | Trim |
| 27 | MSFT | Microsoft CORP | -2% | -11.36% | Trim |
| 28 | CRM | Salesforce INC | — | EXIT | Sold out |
| 29 | NKE | Nike INC -cl B | — | EXIT | Sold out |
| 30 | NOW | Servicenow INC | — | EXIT | Sold out |
| 31 | AXTA | Axalta Coating Systems Ltd. | — | EXIT | Sold out |
| 32 | ELV | Elevance Health INC | — | EXIT | Sold out |
| 33 | APO | Apollo Global Management INC | — | EXIT | Sold out |
| 34 | LLY | Eli Lilly & Co | — | NEW | New buy |
| 35 | PLTR | Palantir Technologies Inc-a | — | NEW | New buy |
| 36 | CZR | Caesars Entertainment INC | — | EXIT | Sold out |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | Amendment | View on EDGAR |
| 2026-03-31 | 2026-05-15 | Amendment | View on EDGAR |
| 2026-03-31 | 2026-05-11 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-11 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-30 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-13 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-12 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-13 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-13 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-12 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-08 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-07 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-08 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-08 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-05 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-01-30 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-01 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-07-20 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-01-24 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-10-20 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-07-26 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-22 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-01-25 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-10-21 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-07-21 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-05 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-01-28 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-10-22 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-07-24 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-04-16 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-01 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-05 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-09 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-04-18 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-01-30 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-10-18 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-26 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-04 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-03 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-07 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-22 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-27 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-02 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-04 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-07-28 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-21 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-02 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-24 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-07-28 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-07-17 | Amendment | View on EDGAR |
| 2014-03-31 | 2014-05-07 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-02-14 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-04 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-06 | Amendment | View on EDGAR |
| 2013-06-30 | 2013-07-30 | 13F-HR | View on EDGAR |
FAQ
What is Locust Wood Capital Advisers, LLC and what type of investor is it?
Locust Wood Capital Advisers, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $3.9B, spread across 31 disclosed positions.
What are Locust Wood Capital Advisers, LLC's largest equity positions?
Based on the latest 13F filing, Locust Wood Capital Advisers, LLC's top holdings by market value are:
1. Amazon.com INC (AMZN) — $336.0M (8.5%)
2. Taiwan Semiconductor-sp Adr (TSM) — $254.1M (6.4%)
3. Ss Spdr S&p 500 ETF Trust-us (SPY) — $243.9M (6.2%)
4. Gpgi INC (GPGI) — $235.7M (6.0%)
5. Linde plc (LIN) — $232.6M (5.9%)
What changes did Locust Wood Capital Advisers, LLC make in its most recent portfolio filing?
In the latest reported quarter, Locust Wood Capital Advisers, LLC made 36 notable position adjustments: 2 new positions were initiated, 10 existing holdings were added to, 17 positions were partially reduced, and 7 were completely exited. The largest of these moves: Sold out: Salesforce INC (CRM); Sold out: Nike INC -cl B (NKE); Sold out: Servicenow INC (NOW); Sold out: Axalta Coating Systems Ltd. (AXTA); Sold out: Elevance Health INC (ELV)
What sectors does Locust Wood Capital Advisers, LLC focus on?
Locust Wood Capital Advisers, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 23.3%
• Industrials: 15.1%
• Materials: 13.8%
• Health Care: 11.3%
• Financials: 10.5%
• Consumer Discretionary: 10.0%
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