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Norman Fields, Gottscho Capital Management, LLC SEC 13F Holdings (Q3 2026) — Top Position: COSTCO WHOLESALE CORP
Norman Fields, Gottscho Capital Management, LLCCIK: 0001352449
Diversified strategyMomentum followerLong-term holder
Total reported value
$328.8M
Reporting period: 2026-09-30 · Number of holdings: 63
Norman Fields, Gottscho Capital Management, LLC disclosed 63 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $328.8M and a quarterly turnover rate of 9.1%.
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Personality snowflake
- Concentration
- 31.45
- Portfolio Stability
- 9.14
- Momentum
- 100
- Sector conviction
- 51.93
- Diversification
- 100
- Sizing Uniformity
- 79.96
Norman Fields, Gottscho Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.079 — mathematically equivalent to about 13 equally-sized positions, well below its 63 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 2.00), 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.govAdd AAPL
0.0% $4.8M
Sold out H5919C104
Add CAVA
+197.9% $2.8M
Add V
-0.0% $1.5M
Trim BRK-B
-3.1% -$1.7M
Trim COST
-0.1% -$1.5M
Holdings Map
New buyAddUnchangedTrim
* 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.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 15.83% | -0.38% | -0.07% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 14.15% | -0.47% | -3.14% | |
| 3 | AAPL | Apple Inc | Stock-Tech | 11.25% | +1.52% | — | |
| 4 | V | Visa Inc-class A Shares | Stock-Financials | 10.11% | +0.49% | -0.02% | |
| 5 | MU | Micron Technology Inc | Stock-Tech | 3.89% | -0.33% | -0.41% | |
| 6 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 3.46% | -0.12% | — | |
| 7 | AXP | American Express Co | Stock-Financials | 3.18% | -0.35% | -0.04% | |
| 8 | UNP | Union Pacific CORP | Stock-Industrials | 3.16% | +0.01% | +0.00% | |
| 9 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 3.12% | +0.15% | -0.04% | |
| 10 | FWONKUSD | Liberty Media Corp-liberty-c | Stock-Other | 2.98% | -0.04% | +0.93% | |
| 11 | MA | Mastercard Inc - A | Stock-Financials | 2.89% | +0.21% | — | |
| 12 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.63% | -0.12% | -0.83% | |
| 13 | BATRKUSD | Liberty Media Corp-braves C | Stock-Other | 2.47% | +0.09% | +1.30% | |
| 14 | PKG | Packaging CORP Of America | Stock-Consumer Disc | 2.34% | -0.10% | -0.90% | |
| 15 | CAVA | Cava Group Inc | Stock-Consumer Disc | 1.68% | +0.87% | +197.92% | |
| 16 | WCC | Wesco International Inc | Stock-Industrials | 1.49% | +0.06% | — | |
| 17 | SMHC | VanEck China Semiconductor ETF | ETF-Emerging Markets | 1.48% | +0.27% | +4.46% | |
| 18 | FERG | Ferguson Enterprises Inc | Stock-Industrials | 0.99% | -0.05% | +1.42% | |
| 19 | GDXJ | Vaneck Junior Gold Miners | ETF-Commodities | 0.98% | +0.16% | +2.04% | |
| 20 | RTX | Rtx CORP | Stock-Industrials | 0.96% | -0.02% | — | |
| 21 | FFXDF | Fairfax India Ho-sub Vtg Shs | Stock-Other | 0.73% | -0.09% | -9.58% | |
| 22 | TER | Teradyne Inc | Stock-Tech | 0.57% | -0.12% | — | |
| 23 | GLD | Spdr Gold Shares | ETF-Commodities | 0.55% | +0.02% | — | |
| 24 | A | Agilent Technologies Inc | Stock-Healthcare | 0.54% | +0.11% | -2.92% | |
| 25 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.52% | -0.02% | — | |
| 26 | GHC | Graham Holdings Co-class B | Stock-Industrials | 0.49% | — | — | |
| 27 | DE | Deere & Co | Stock-Industrials | 0.48% | +0.03% | — | |
| 28 | SBUX | Starbucks CORP | Stock-Consumer Disc | 0.45% | -0.04% | -0.50% | |
| 29 | NVO | Novo-nordisk A/s-spons Adr | Stock-Healthcare | 0.43% | -0.18% | -12.14% | |
| 30 | MSFT | Microsoft CORP | Stock-Tech | 0.42% | +0.10% | -4.37% | |
| 31 | SLB | Slb LTD | Stock-Energy | 0.39% | +0.16% | +60.52% | |
| 32 | LHX | L3harris Technologies Inc | Stock-Industrials | 0.39% | -0.08% | — | |
| 33 | CB | Chubb Limited | Stock-Financials | 0.34% | -0.01% | -0.29% | |
| 34 | DHI | Dr Horton Inc | Stock-Consumer Disc | 0.31% | -0.06% | — | |
| 35 | ABBV | Abbvie Inc | Stock-Healthcare | 0.28% | +0.01% | — | |
| 36 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.27% | -0.02% | -5.33% | |
| 37 | ✓ | Airbus Se Ordf | Stock-Other | 0.25% | -0.01% | — | |
| 38 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.25% | +0.01% | — | |
| 39 | NOC | Northrop Grumman CORP | Stock-Industrials | 0.25% | -0.01% | -2.05% | |
| 40 | ABT | Abbott Laboratories | Stock-Healthcare | 0.22% | +0.01% | — | |
| 41 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.21% | -0.01% | -2.12% | |
| 42 | LEN | Lennar Corp-a | Stock-Consumer Disc | 0.20% | +0.10% | +126.86% | |
| 43 | NVDA | Nvidia CORP | Stock-Tech | 0.20% | +0.03% | — | |
| 44 | MGRC | Mcgrath Rentcorp | Stock-Other | 0.19% | -0.01% | — | |
| 45 | KEX | Kirby CORP | Stock-Industrials | 0.16% | — | — | |
| 46 | XYL | Xylem Inc | Stock-Industrials | 0.16% | — | +16.02% | |
| 47 | UHAL-B | U-haul Holding Co-non Voting | Stock-Other | 0.15% | -0.01% | — | |
| 48 | MKL | Markel Group Inc | Stock-Financials | 0.13% | -0.02% | — | |
| 49 | AMRZ | Amrize Ltd | Stock-Materials | 0.13% | -0.06% | -1.26% | |
| 50 | OHI | Omega Healthcare Investors | Stock-Real Estate | 0.13% | — | — |
1–50 of 63
Portfolio Performance
Performance for Q4 2026
-0.5%
Performance Last 4 Quarters
+12.7%
Based on 78% of reported portfolio value with available pricing
- Stdev
- +11.9%
- Beta
- +0.83
- Alpha
- -0.2%
- Max Drawdown
- -8.2%
- Annualized Perf
- +19.4%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +3.14
- Stutzer
- +0.45
- Treynor
- +0.22
- Sterling
- +1.28
- Calmar
- +2.36
- Information Ratio
- -0.62
- Tracking Error
- +6.5%
- Stdev Down
- +5.9%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +34.2%
- Worst 12 Months
- +6.5%
- Efficiency Ratio
- +0.68
- Sharpe
- +1.56
- Stdev Sectors
- +8.6%
- Skewness
- -0.12
- Kurtosis
- +0.53
- Upside Potential
- +4.5
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 63 | $328.8M | 9 | ||
| 2026 Q2 | 64 | $330.1M | 14 | ||
| 2026 Q1 | 65 | $302.5M | 13 | ||
| 2025 Q4 | 61 | $310.3M | 9 | ||
| 2025 Q3 | 64 | $312.9M | 15 | ||
| 2025 Q2 | 64 | $302.2M | 0 | ||
| 2025 Q1 | 58 | $297.2M | 100 | ||
| 2024 Q4 | 58 | $303.9M | 0 | ||
| 2024 Q3 | 61 | $302.1M | 0 | ||
| 2024 Q2 | 57 | $285.8M | 0 | ||
| 2024 Q1 | 58 | $268.4M | 0 | ||
| 2023 Q4 | 57 | $250.8M | 0 | ||
| 2023 Q3 | 63 | $230.4M | 0 | ||
| 2023 Q2 | 62 | $237.8M | 0 | ||
| 2023 Q1 | 65 | $226.4M | 0 | ||
| 2022 Q4 | 71 | $217.2M | 0 | ||
| 2022 Q3 | 70 | $207.4M | 0 | ||
| 2022 Q2 | 70 | $218.7M | 0 | ||
| 2022 Q1 | 72 | $266.6M | 0 | ||
| 2021 Q4 | 72 | $269.7M | 0 | ||
| 2021 Q3 | 70 | $253.3M | 0 | ||
| 2021 Q2 | 70 | $250.4M | 100 | ||
| 2021 Q1 | 69 | $229.8M | 81 | ||
| 2020 Q4 | 61 | $224.9M | 75 | ||
| 2020 Q3 | 60 | $203.4M | 15 | ||
| 2020 Q2 | 61 | $181.4M | 25 | ||
| 2020 Q1 | 61 | $157.7M | 34 | ||
| 2019 Q4 | 73 | $206.9M | 82 | ||
| 2019 Q3 | 73 | $199.0M | 12 | ||
| 2019 Q2 | 71 | $199.4M | 8 | ||
| 2019 Q1 | 71 | $190.3M | 26 | ||
| 2018 Q4 | 70 | $170.5M | 20 | ||
| 2018 Q3 | 74 | $201.3M | 13 | ||
| 2018 Q2 | 75 | $186.4M | 13 | ||
| 2018 Q1 | 80 | $183.1M | 11 | ||
| 2017 Q4 | 69 | $182.0M | 12 | ||
| 2017 Q3 | 74 | $166.2M | 15 | ||
| 2017 Q2 | 74 | $159.8M | 15 | ||
| 2017 Q1 | 76 | $158.2M | 26 | ||
| 2016 Q4 | 74 | $147.4M | 31 | ||
| 2016 Q3 | 77 | $151.3M | 21 | ||
| 2016 Q2 | 71 | $143.0M | 17 | ||
| 2016 Q1 | 70 | $150.4M | 34 | ||
| 2015 Q4 | 67 | $141.0M | 30 | ||
| 2015 Q3 | 70 | $146.2M | 45 | ||
| 2015 Q2 | 73 | $160.4M | 42 | ||
| 2015 Q1 | 69 | $158.3M | 98 | ||
| 2014 Q4 | 67 | $152.8M | 21 | 192826c222160k3g5480u | |
| 2014 Q3 | 68 | $150.7M | 19 | ||
| 2014 Q2 | 67 | $157.0M | 100 | 192826c225490a322160k | |
| 2014 Q1 | 59 | $145.8M | 35 | ||
| 2013 Q4 | 64 | $148.4M | 20 | ||
| 2013 Q3 | 65 | $133.4M | 39 | ||
| 2013 Q2 | 67 | $135.5M | 29 |
Holding changes this quarter
Norman Fields, Gottscho Capital Management, LLC's most significant position changes for 2026-09-30: Sold out: On Holding AG; Sold out: Airbnb Inc-class A (ABNB); New buy: Ishares Core S&p 500 ETF (IVV); Add: Cava Group Inc (CAVA) — shares +197.92%; Trim: Visa Inc-class A Shares (V) — shares -0.02%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | +1.5% | — | Unchanged |
| 2 | CAVA | Cava Group Inc | +0.9% | +197.92% | Add |
| 3 | V | Visa Inc-class A Shares | +0.5% | -0.02% | Trim |
| 4 | SMHC | VanEck China Semiconductor ETF | +0.3% | +4.46% | Add |
| 5 | MA | Mastercard Inc - A | +0.2% | — | Unchanged |
| 6 | SLB | Slb LTD | +0.2% | +60.52% | Add |
| 7 | GDXJ | Vaneck Junior Gold Miners | +0.2% | +2.04% | Add |
| 8 | AMZN | Amazon.com Inc | +0.2% | -0.04% | Trim |
| 9 | A | Agilent Technologies Inc | +0.1% | -2.92% | Trim |
| 10 | LEN | Lennar Corp-a | +0.1% | +126.86% | Add |
| 11 | MSFT | Microsoft CORP | +0.1% | -4.37% | Trim |
| 12 | IVV | Ishares Core S&p 500 ETF | +0.1% | NEW | New buy |
| 13 | BATRKUSD | Liberty Media Corp-braves C | +0.1% | +1.30% | Add |
| 14 | WCC | Wesco International Inc | +0.1% | — | Unchanged |
| 15 | DE | Deere & Co | 0% | — | Unchanged |
| 16 | NVDA | Nvidia CORP | 0% | — | Unchanged |
| 17 | GLD | Spdr Gold Shares | 0% | — | Unchanged |
| 18 | ABT | Abbott Laboratories | 0% | — | Unchanged |
| 19 | CVX | Chevron CORP | 0% | -6.61% | Trim |
| 20 | ADP | Automatic Data Processing | 0% | — | Unchanged |
| 21 | ABBV | Abbvie Inc | 0% | — | Unchanged |
| 22 | JNJ | Johnson & Johnson | 0% | — | Unchanged |
| 23 | UNP | Union Pacific CORP | 0% | +0.00% | Add |
| 24 | KEX | Kirby CORP | — | — | Unchanged |
| 25 | OHI | Omega Healthcare Investors | — | — | Unchanged |
| 26 | EPD | Enterprise Products Partners | — | — | Unchanged |
| 27 | GHC | Graham Holdings Co-class B | — | — | Unchanged |
| 28 | CP | Canadian Pacific Kansas City Limited | — | — | Unchanged |
| 29 | XYL | Xylem Inc | — | +16.02% | Add |
| 30 | ECL | Ecolab Inc | — | — | Unchanged |
| 31 | BNY | Bank Of New York Mellon CORP | — | — | Unchanged |
| 32 | EFX | Equifax Inc | 0% | — | Unchanged |
| 33 | NOC | Northrop Grumman CORP | 0% | -2.05% | Trim |
| 34 | CB | Chubb Limited | 0% | -0.29% | Trim |
| 35 | GEV | GE Vernova Inc | 0% | — | Unchanged |
| 36 | UHAL-B | U-haul Holding Co-non Voting | 0% | — | Unchanged |
| 37 | DUK | Duke Energy CORP | 0% | -4.45% | Trim |
| 38 | MGRC | Mcgrath Rentcorp | 0% | — | Unchanged |
| 39 | SPB | Spectrum Brands Holdings Inc | 0% | -1.27% | Trim |
| 40 | ✓ | Airbus Se Ordf | 0% | — | Unchanged |
| 41 | LMT | Lockheed Martin CORP | 0% | -2.12% | Trim |
| 42 | RTX | Rtx CORP | 0% | — | Unchanged |
| 43 | NSC | Norfolk Southern CORP | 0% | -5.33% | Trim |
| 44 | LLY | Eli Lilly & Co | 0% | — | Unchanged |
| 45 | MKL | Markel Group Inc | 0% | — | Unchanged |
| 46 | AEP | American Electric Power Company, Inc. | 0% | — | Unchanged |
| 47 | FWONKUSD | Liberty Media Corp-liberty-c | 0% | +0.93% | Add |
| 48 | SBUX | Starbucks CORP | 0% | -0.50% | Trim |
| 49 | FERG | Ferguson Enterprises Inc | -0.1% | +1.42% | Add |
| 50 | DHI | Dr Horton Inc | -0.1% | — | Unchanged |
1–50 of 65
Filing History
FAQ
What is Norman Fields, Gottscho Capital Management, LLC and what type of investor is it?
Norman Fields, Gottscho Capital Management, LLC 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 (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $328.8M, spread across 63 disclosed positions.
What are Norman Fields, Gottscho Capital Management, LLC's largest equity positions?
Based on the latest 13F filing, Norman Fields, Gottscho Capital Management, LLC's top holdings by market value are:
1. Costco Wholesale CORP (COST) — $52.0M (15.8%)
2. Berkshire Hathaway Inc-cl B (BRK-B) — $46.5M (14.2%)
3. Apple Inc (AAPL) — $37.0M (11.3%)
4. Visa Inc-class A Shares (V) — $33.2M (10.1%)
5. Micron Technology Inc (MU) — $12.8M (3.9%)
What changes did Norman Fields, Gottscho Capital Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Norman Fields, Gottscho Capital Management, LLC made 35 notable position adjustments: 1 new positions were initiated, 10 existing holdings were added to, 22 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: On Holding AG; Sold out: Airbnb Inc-class A (ABNB); New buy: Ishares Core S&p 500 ETF (IVV); Add: Cava Group Inc (CAVA) — shares +197.92%; Trim: Visa Inc-class A Shares (V) — shares -0.02%
What sectors does Norman Fields, Gottscho Capital Management, LLC focus on?
Norman Fields, Gottscho Capital Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 22.1%
• Information Technology: 21.7%
• Consumer Staples: 20.9%
• Industrials: 12.2%
• Consumer Discretionary: 10.7%
• Communication Services: 8.0%
Investment Profile
Norman Fields, Gottscho Capital Management, LLC returned an annualized 19.4% over the trailing 36 months — underperforming the S&P 500 by 0.2 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 42% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
It has added to its AAPL position over the past two quarters (+$8.8M, now $37.0M), while trimming COST over the same stretch (-$4.9M, still holding $52.0M).
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Developer Access
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