13F
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Tandem Investment Advisors, Inc.

13F equity value
$2.0B
Positions
83
Top 10 concentration
44.9%
Quarters / total new picks
28 / 142
13F equity value over time
$0M$1B$3B2017201820192020202120222023202420252026

"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 28 quarters, returned -0.8% per quarter — versus +2.1% per quarter from simply owning every 13F stock. It beat that baseline in only 39.3% of quarters (excess t = -1.02, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-2.4%
t-stat
-1.02
Quarterly win rate
39%
Annualized excess
-11.6%
$1 → follow vs universe
$0.71 vs $1.59
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 1.51220210930: universe 1.35720211231: universe 1.15520220630: universe 1.07020220930: universe 1.14920221231: universe 1.06720230331: universe 1.12420230630: universe 1.08420230930: universe 1.23120231231: universe 1.28620240331: universe 1.31520240930: universe 1.30320241231: universe 1.21620250331: universe 1.32620250630: universe 1.36820250930: universe 1.53820251231: universe 1.591 20180630: follow 1.02220180930: follow 0.98220181231: follow 1.04420190331: follow 1.11920190630: follow 1.09520191231: follow 0.89420200331: follow 0.89920200630: follow 0.93120200930: follow 0.95620201231: follow 1.06520210331: follow 0.91820210630: follow 0.94920210930: follow 0.80520211231: follow 0.75920220630: follow 0.71820220930: follow 0.67720221231: follow 0.57520230331: follow 0.55120230630: follow 0.54620230930: follow 0.59220231231: follow 0.60120240331: follow 0.57120240930: follow 0.55320241231: follow 0.55320250331: follow 0.66920250630: follow 0.71120250930: follow 0.75020251231: follow 0.714 0.50 1.11 1.72 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 83 · 2026 Q1

Ticker Value Weight QoQ
ICE $113M
5.5%
TRIM
NEE $102M
5.0%
TRIM
RMD $98M
4.8%
TRIM
JKHY $90M
4.4%
TRIM
MSFT $86M
4.2%
ADD
APH $86M
4.2%
TRIM
BRO $77M
3.8%
TRIM
SYK $76M
3.7%
TRIM
ROP $75M
3.7%
TRIM
CHD $69M
3.4%
TRIM
ABT $65M
3.2%
TRIM
BLK $60M
2.9%
TRIM
INTU $60M
2.9%
HOLD
MA $57M
2.8%
TRIM
V $55M
2.7%
TRIM
WCN $53M
2.6%
TRIM
RSG $45M
2.2%
TRIM
PG $45M
2.2%
ADD
COST $43M
2.1%
TRIM
JNJ $43M
2.1%
TRIM

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

AEPENBMCDNDAQNVSQTTFCVZXOM

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.