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Norman Fields, Gottscho Capital Management, LLC SEC 13F Holdings (Q2 2026) — Top Position:
Norman Fields, Gottscho Capital Management, LLCCIK: 0001352449
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$330.1M
Reporting period: 2026-06-30 · Number of holdings: 64
Norman Fields, Gottscho Capital Management, LLC disclosed 64 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $330.1M and a quarterly turnover rate of 13.5%.
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Personality snowflake
- Concentration
- 30.98
- Portfolio Stability
- 13.55
- Momentum
- 100
- Sector conviction
- 52.52
- Diversification
- 100
- Sizing Uniformity
- 79.95
Norman Fields, Gottscho Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.077 — mathematically equivalent to about 13 equally-sized positions, well below its 64 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 2.01), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.4 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MU
-3.0% $9.7M
Trim 22160k105
+0.0% -$3.5M
Trim BRK-B
-2.0% $1.1M
Add AAPL
0.0% $3.9M
Add 02079k107
0.0% $2.2M
Trim 57060u100
0.0% -$865.8K
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 | ✓ | Stock-Other | 16.21% | -2.63% | +0.03% | ||
| 2 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 16.21% | — | +0.03% | |
| 3 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 14.62% | -0.97% | -2.00% | |
| 4 | AAPL | Apple Inc | Stock-Tech | 9.73% | +0.41% | — | |
| 5 | ✓ | Stock-Other | 9.62% | +0.37% | -0.03% | ||
| 6 | V | Visa Inc-class A Shares | Stock-Financials | 9.62% | — | -0.03% | |
| 7 | MU | Micron Technology Inc | Stock-Tech | 4.22% | +2.83% | -2.96% | |
| 8 | ✓ | Stock-Other | 3.58% | +0.41% | — | ||
| 9 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 3.58% | — | — | |
| 10 | AXP | American Express Co | Stock-Financials | 3.53% | +0.09% | — | |
| 11 | UNP | Union Pacific CORP | Stock-Industrials | 3.15% | +0.09% | +0.10% | |
| 12 | FWONKUSD | Liberty Media Corp-liberty-c | Stock-Other | 3.02% | -0.05% | -3.81% | |
| 13 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 2.97% | +0.09% | -1.74% | |
| 14 | ✓ | Stock-Other | 2.75% | +0.34% | — | ||
| 15 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 2.75% | — | — | |
| 16 | ✓ | Stock-Other | 2.68% | -0.17% | — | ||
| 17 | MA | Mastercard Inc - A | Stock-Financials | 2.68% | — | — | |
| 18 | PKG | Packaging CORP Of America | Stock-Consumer Disc | 2.44% | +0.06% | -0.44% | |
| 19 | BATRKUSD | Liberty Media Corp-braves C | Stock-Other | 2.38% | +0.24% | -0.15% | |
| 20 | ✓ | On Holding AG | Stock-Other | 1.50% | -0.18% | -6.65% | |
| 21 | ✓ | Stock-Other | 1.43% | +0.18% | -0.73% | ||
| 22 | WCC | Wesco International Inc | Stock-Industrials | 1.43% | — | -0.73% | |
| 23 | ✓ | Stock-Other | 1.21% | -0.40% | — | ||
| 24 | SMHC | VanEck China Semiconductor ETF | ETF-Emerging Markets | 1.21% | — | — | |
| 25 | FERG | Ferguson Enterprises Inc | Stock-Industrials | 1.04% | -0.10% | -2.37% | |
| 26 | RTX | Rtx CORP | Stock-Industrials | 0.98% | -0.13% | -2.16% | |
| 27 | GDXJ | Vaneck Junior Gold Miners | ETF-Commodities | 0.82% | -0.28% | — | |
| 28 | FFXDF | Fairfax India Ho-sub Vtg Shs | Stock-Other | 0.82% | +0.03% | +0.68% | |
| 29 | CAVA | Cava Group Inc | Stock-Consumer Disc | 0.81% | -0.08% | +3.26% | |
| 30 | TER | Teradyne Inc | Stock-Tech | 0.69% | +0.23% | — | |
| 31 | NVO | Novo-nordisk A/s-spons Adr | Stock-Healthcare | 0.61% | +0.10% | -0.00% | |
| 32 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.54% | +0.09% | — | |
| 33 | ✓ | Stock-Other | 0.53% | -0.15% | — | ||
| 34 | GLD | Spdr Gold Shares | ETF-Commodities | 0.53% | — | — | |
| 35 | SBUX | Starbucks CORP | Stock-Consumer Disc | 0.49% | -0.01% | -5.79% | |
| 36 | GHC | Graham Holdings Co-class B | Stock-Industrials | 0.49% | — | — | |
| 37 | LHX | L3harris Technologies Inc | Stock-Industrials | 0.47% | -0.14% | — | |
| 38 | DE | Deere & Co | Stock-Industrials | 0.45% | +0.01% | — | |
| 39 | ✓ | Stock-Other | 0.43% | +0.02% | -3.42% | ||
| 40 | A | Agilent Technologies Inc | Stock-Healthcare | 0.43% | — | -3.42% | |
| 41 | ✓ | Stock-Other | 0.37% | +0.03% | — | ||
| 42 | DHI | Dr Horton Inc | Stock-Consumer Disc | 0.37% | — | — | |
| 43 | CB | Chubb Limited | Stock-Financials | 0.35% | -0.03% | -2.00% | |
| 44 | MSFT | Microsoft CORP | Stock-Tech | 0.32% | -0.11% | -19.00% | |
| 45 | NSC | Norfolk Southern CORP | Stock-Industrials | 0.29% | -0.01% | -4.76% | |
| 46 | ✓ | Stock-Other | 0.27% | +0.01% | — | ||
| 47 | ABBV | Abbvie Inc | Stock-Healthcare | 0.27% | — | — | |
| 48 | NOC | Northrop Grumman CORP | Stock-Industrials | 0.26% | -0.12% | — | |
| 49 | ✓ | Airbus Se Ordf | Stock-Other | 0.26% | +0.02% | — | |
| 50 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.24% | -0.01% | — |
1–50 of 79
Portfolio Performance
Performance for Q3 2026
+3.5%
Performance Last 4 Quarters
+20.5%
Based on 77% of reported portfolio value with available pricing
- Stdev
- +12.2%
- Beta
- +0.82
- Alpha
- +1.3%
- Max Drawdown
- -8.2%
- Annualized Perf
- +18.4%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +2.86
- Stutzer
- +0.42
- Treynor
- +0.22
- Sterling
- +1.21
- Calmar
- +2.24
- Information Ratio
- -0.36
- Tracking Error
- +6.4%
- Stdev Down
- +6.2%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +34.2%
- Worst 12 Months
- +6.5%
- Efficiency Ratio
- +0.62
- Sharpe
- +1.45
- Stdev Sectors
- +8.7%
- Skewness
- -0.13
- Kurtosis
- +0.31
- Upside Potential
- +4.3
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 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 2026-06-30: Sold out: Pool CORP (POOL); Sold out: Chewy Inc - Class A (CHWY); New buy: ; Trim: Micron Technology Inc (MU) — shares -2.96%; Add: — shares +0.03%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +2.8% | -2.96% | Trim |
| 2 | AAPL | Apple Inc | +0.4% | — | Unchanged |
| 3 | ✓ | +0.4% | — | Unchanged | |
| 4 | ✓ | +0.4% | -0.03% | Trim | |
| 5 | ✓ | +0.3% | — | Unchanged | |
| 6 | BATRKUSD | Liberty Media Corp-braves C | +0.2% | -0.15% | Trim |
| 7 | TER | Teradyne Inc | +0.2% | — | Unchanged |
| 8 | ✓ | +0.2% | -0.73% | Trim | |
| 9 | SLB | Slb LTD | +0.1% | +142.43% | Add |
| 10 | NVO | Novo-nordisk A/s-spons Adr | +0.1% | -0.00% | Trim |
| 11 | AXP | American Express Co | +0.1% | — | Unchanged |
| 12 | UNP | Union Pacific CORP | +0.1% | +0.10% | Add |
| 13 | AMZN | Amazon.com Inc | +0.1% | -1.74% | Trim |
| 14 | LLY | Eli Lilly & Co | +0.1% | — | Unchanged |
| 15 | ✓ | +0.1% | +87.55% | Add | |
| 16 | ✓ | +0.1% | NEW | New buy | |
| 17 | PKG | Packaging CORP Of America | +0.1% | -0.44% | Trim |
| 18 | SPRY | Ars Pharmaceuticals Inc | +0.1% | +78.37% | Add |
| 19 | FFXDF | Fairfax India Ho-sub Vtg Shs | 0% | +0.68% | Add |
| 20 | ✓ | 0% | — | Unchanged | |
| 21 | ✓ | 0% | -3.42% | Trim | |
| 22 | ✓ | Airbus Se Ordf | 0% | — | Unchanged |
| 23 | UHAL-B | U-haul Holding Co-non Voting | 0% | — | Unchanged |
| 24 | AEP | American Electric Power Company, Inc. | 0% | — | Unchanged |
| 25 | DE | Deere & Co | 0% | — | Unchanged |
| 26 | ✓ | 0% | — | Unchanged | |
| 27 | ✓ | 0% | +39.46% | Add | |
| 28 | GEV | GE Vernova Inc | 0% | — | Unchanged |
| 29 | ABNB | Airbnb Inc-class A | 0% | +3.00% | Add |
| 30 | ✓ | 0% | — | Unchanged | |
| 31 | BNY | Bank Of New York Mellon CORP | 0% | — | Unchanged |
| 32 | GHC | Graham Holdings Co-class B | — | — | Unchanged |
| 33 | NVDA | Nvidia CORP | — | — | Unchanged |
| 34 | MGRC | Mcgrath Rentcorp | — | — | Unchanged |
| 35 | OHI | Omega Healthcare Investors | — | — | Unchanged |
| 36 | ADP | Automatic Data Processing | — | — | Unchanged |
| 37 | LEN | Lennar Corp-a | — | — | Unchanged |
| 38 | SBUX | Starbucks CORP | 0% | -5.79% | Trim |
| 39 | NSC | Norfolk Southern CORP | 0% | -4.76% | Trim |
| 40 | JNJ | Johnson & Johnson | 0% | — | Unchanged |
| 41 | MKL | Markel Group Inc | 0% | — | Unchanged |
| 42 | ECL | Ecolab Inc | 0% | — | Unchanged |
| 43 | AMRZ | Amrize Ltd | 0% | +4.30% | Add |
| 44 | KEX | Kirby CORP | 0% | — | Unchanged |
| 45 | CVX | Chevron CORP | 0% | — | Unchanged |
| 46 | CB | Chubb Limited | 0% | -2.00% | Trim |
| 47 | ABT | Abbott Laboratories | 0% | — | Unchanged |
| 48 | EPD | Enterprise Products Partners | 0% | -14.41% | Trim |
| 49 | EFX | Equifax Inc | 0% | — | Unchanged |
| 50 | FWONKUSD | Liberty Media Corp-liberty-c | -0.1% | -3.81% | Trim |
1–50 of 66
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 (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $330.1M, spread across 64 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. — $53.5M (16.2%)
2. Costco Wholesale CORP (COST) — $53.5M (16.2%)
3. Berkshire Hathaway Inc-cl B (BRK-B) — $48.3M (14.6%)
4. Apple Inc (AAPL) — $32.1M (9.7%)
5. — $31.7M (9.6%)
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 32 notable position adjustments: 1 new positions were initiated, 10 existing holdings were added to, 19 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: Pool CORP (POOL); Sold out: Chewy Inc - Class A (CHWY); New buy: ; Trim: Micron Technology Inc (MU) — shares -2.96%; Add: — shares +0.03%
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: 22.6%
• Consumer Staples: 22.3%
• Information Technology: 20.9%
• Industrials: 10.9%
• Consumer Discretionary: 10.1%
• Communication Services: 8.7%
Investment Profile
Norman Fields, Gottscho Capital Management, LLC returned an annualized 18.4% over the trailing 36 months — outperforming the S&P 500 by 1.3 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.82 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding.
It has added to its MU position over the past two quarters (+$10.5M, now $13.9M), while trimming ON HOLDING AG over the same stretch (-$2.3M, still holding $4.9M).
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Developer Access
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