13F
中
← All fund report cards

Wallace Capital Management Inc.

13F equity value
$871M
Positions
75
Top 10 concentration
75.9%
Quarters / total new picks
27 / 99
13F equity value over time
$0M$435M$871M2017201820192020202120222023202420252026

"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 27 quarters, returned +2.4% per quarter — versus +2.1% per quarter from simply owning every 13F stock. It beat that baseline in only 63.0% of quarters (excess t = -0.34, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-0.8%
t-stat
-0.34
Quarterly win rate
63%
Annualized excess
+0.8%
$1 → follow vs universe
$1.66 vs $1.57
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320190331: universe 0.98520190630: universe 1.05920190930: universe 1.13920191231: universe 0.91920200331: universe 1.10820200630: universe 1.22420200930: universe 1.50120201231: universe 1.56920210331: universe 1.58320210630: universe 1.71020210930: universe 1.53520211231: universe 1.30620220630: universe 1.21020220930: universe 1.30020221231: universe 1.20720230630: universe 1.16420240331: universe 1.19020240630: universe 1.29820240930: universe 1.28720241231: universe 1.20120250331: universe 1.30920250630: universe 1.35120250930: universe 1.51920251231: universe 1.571 20180331: follow 1.17620180630: follow 1.14220180930: follow 1.16520190331: follow 1.23020190630: follow 1.11220190930: follow 1.16220191231: follow 1.04020200331: follow 1.11120200630: follow 1.06920200930: follow 1.10720201231: follow 1.28420210331: follow 1.53720210630: follow 1.76220210930: follow 1.64120211231: follow 1.57920220630: follow 1.67920220930: follow 1.84820221231: follow 1.79420230630: follow 1.82520240331: follow 1.92220240630: follow 1.77820240930: follow 1.79620241231: follow 1.49620250331: follow 1.69720250630: follow 1.42820250930: follow 1.63620251231: follow 1.654 0.85 1.46 2.08 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 75 · 2026 Q1

Ticker Value Weight QoQ
WTM $173M
19.9%
HOLD
GHC $164M
18.8%
HOLD
BRK/B $116M
13.3%
HOLD
PPLI $45M
5.1%
ADD
SEB $42M
4.8%
TRIM
JNJ $29M
3.3%
TRIM
L $27M
3.1%
HOLD
UHAL/B $24M
2.8%
NEW
MHK $21M
2.4%
ADD
TAP $20M
2.3%
ADD
GLIBK $19M
2.2%
ADD
RSG $18M
2.0%
TRIM
AMG $17M
2.0%
TRIM
IMKTA $17M
2.0%
ADD
CNX $16M
1.9%
HOLD
LBTYA $16M
1.8%
HOLD
POST $12M
1.3%
HOLD
JOUT $12M
1.3%
ADD
UL $10M
1.2%
TRIM
HTLD $10M
1.2%
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

LLYVAUHALUHAL/B

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.