13F
中
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Stack Financial Management, Inc

13F equity value
$1.4B
Positions
52
Top 10 concentration
50.2%
Quarters / total new picks
26 / 74
13F equity value over time
$0M$681M$1B2017201820192020202120222023202420252026

"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 26 quarters, returned +6.3% per quarter — versus +4.5% per quarter from simply owning every 13F stock. It beat that baseline in only 53.8% of quarters (excess t = 0.84, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+4.3%
t-stat
0.84
Quarterly win rate
54%
Annualized excess
+9.1%
$1 → follow vs universe
$4.61 vs $2.84
Cumulative return: $1 invested in new picks vs universe
1.00 20180630: universe 0.92120180930: universe 0.96320181231: universe 0.95320190331: universe 0.93720190630: universe 1.00720191231: universe 0.81220200331: universe 0.97920200630: universe 1.08220200930: universe 1.32720201231: universe 1.38720210331: universe 1.40020210630: universe 1.51220220331: universe 1.62320220930: universe 1.74320230331: universe 1.83720230630: universe 1.77120230930: universe 2.01020231231: universe 2.10020240331: universe 2.14820240630: universe 2.34320240930: universe 2.32220241231: universe 2.16720250331: universe 2.36320250630: universe 2.43720250930: universe 2.74120251231: universe 2.835 20180630: follow 0.97620180930: follow 1.06820181231: follow 1.07220190331: follow 1.14120190630: follow 1.20120191231: follow 1.22720200331: follow 1.33120200630: follow 1.39820200930: follow 1.46720201231: follow 1.74220210331: follow 1.58520210630: follow 2.05620220331: follow 2.35320220930: follow 2.32420230331: follow 2.26620230630: follow 2.25120230930: follow 2.56020231231: follow 2.78420240331: follow 2.82220240630: follow 3.04720240930: follow 3.30320241231: follow 3.81620250331: follow 4.13520250630: follow 4.19420250930: follow 4.33720251231: follow 4.610 0.75 2.86 4.98 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 52 · 2026 Q1

Ticker Value Weight QoQ
SH $145M
10.7%
ADD
WMT $125M
9.2%
HOLD
PWR $71M
5.2%
HOLD
MSFT $69M
5.0%
TRIM
BRK/B $57M
4.2%
HOLD
CVX $56M
4.1%
HOLD
LHX $49M
3.6%
HOLD
PSX $40M
2.9%
HOLD
AEP $37M
2.7%
HOLD
WPM $35M
2.6%
TRIM
WM $34M
2.5%
HOLD
CNP $31M
2.3%
HOLD
CBOE $29M
2.1%
HOLD
NEE $29M
2.1%
HOLD
EOG $28M
2.1%
HOLD
T $28M
2.0%
HOLD
LMT $26M
1.9%
HOLD
MRK $25M
1.8%
HOLD
JNJ $25M
1.8%
HOLD
DUK $25M
1.8%
HOLD

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

CCKXLU

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.