Sather Financial Group Inc
"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.
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. Buying this fund's new positions the day each filing went public, over 29 quarters, returned +5.2% per quarter versus +2.8% from owning every 13F stock, beating that baseline in 65.5% of quarters (excess t = 2.70, statistically significant). Caveat: across all 5,072 funds we tested, past performance shows near-zero persistence (rank correlation −0.018) — with thousands of funds, some will look significant by chance alone.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 109 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| GOOG | $186M | | TRIM |
| BRK/B | $184M | | HOLD |
| ANET | $104M | | TRIM |
| ROST | $87M | | TRIM |
| BN | $86M | | HOLD |
| MSFT | $86M | | HOLD |
| MNST | $72M | | HOLD |
| DG | $69M | | TRIM |
| V | $68M | | HOLD |
| MKL | $53M | | HOLD |
| BA | $50M | | ADD |
| MA | $50M | | ADD |
| QCOM | $48M | | ADD |
| NKE | $45M | | ADD |
| ADBE | $44M | | ADD |
| IHF | $43M | | ADD |
| NXPI | $40M | | HOLD |
| ACN | $39M | | ADD |
| PAYC | $38M | | ADD |
| SPGI | $32M | | TRIM |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
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.