13F
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EDGAR LOMAX CO/VA

13F equity value
$1.4B
Positions
56
Top 10 concentration
40.6%
Quarters / total new picks
15 / 90
13F equity value over time
$0M$852M$2B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 15 quarters, returned +7.7% per quarter — versus +4.9% per quarter from simply owning every 13F stock. It beat that baseline in only 60.0% of quarters (excess t = 0.50, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+2.6%
t-stat
0.50
Quarterly win rate
60%
Annualized excess
+11.7%
$1 → follow vs universe
$2.84 vs $2.00
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120181231: universe 1.03020190331: universe 1.01220200331: universe 1.22020200630: universe 1.34820210331: universe 1.36020220331: universe 1.46020220930: universe 1.56820230331: universe 1.65220240331: universe 1.68920240630: universe 1.84320241231: universe 1.72020250331: universe 1.87520250630: universe 1.93420251231: universe 2.001 20180331: follow 1.06220181231: follow 1.16120190331: follow 1.17620200331: follow 1.34420200630: follow 1.42720210331: follow 1.47820220331: follow 1.48820220930: follow 1.47920230331: follow 1.61020240331: follow 1.67120240630: follow 2.43520241231: follow 2.31720250331: follow 2.50320250630: follow 2.86120251231: follow 2.837 0.92 2.00 3.09 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 56 · 2026 Q1

Ticker Value Weight QoQ
TGT $77M
5.5%
ADD
FDX $76M
5.4%
ADD
CVX $69M
4.9%
ADD
MDLZ $58M
4.1%
ADD
UNH $52M
3.7%
ADD
CVS $51M
3.7%
TRIM
DUK $49M
3.5%
ADD
XOM $48M
3.4%
ADD
NEE $45M
3.2%
ADD
SO $43M
3.1%
ADD
GD $42M
3.0%
ADD
T $42M
3.0%
TRIM
PFE $41M
2.9%
ADD
USB $40M
2.9%
ADD
PG $38M
2.7%
ADD
JNJ $33M
2.3%
TRIM
BMY $30M
2.1%
ADD
CMCSA $29M
2.1%
ADD
KO $26M
1.8%
TRIM
COP $25M
1.8%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

HDSBUXTXN

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.