13F
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WAYCROSS PARTNERS, LLC

13F equity value
$1.0B
Positions
76
Top 10 concentration
51.6%
Quarters / total new picks
19 / 153
13F equity value over time
$0M$3B$7B2020202120222023202420252026

"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 19 quarters, returned +0.6% per quarter — versus +1.5% per quarter from simply owning every 13F stock. It beat that baseline in only 36.8% of quarters (excess t = -0.27, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-1.1%
t-stat
-0.27
Quarterly win rate
37%
Annualized excess
-5.9%
$1 → follow vs universe
$0.94 vs $1.24
Cumulative return: $1 invested in new picks vs universe
1.00 20210331: universe 1.00920210930: universe 0.90620211231: universe 0.77120220331: universe 0.82720220630: universe 0.76720220930: universe 0.82320221231: universe 0.76520230331: universe 0.80620230630: universe 0.77720230930: universe 0.88220231231: universe 0.92120240331: universe 0.94220240630: universe 1.02820240930: universe 1.01920241231: universe 0.95120250331: universe 1.03720250630: universe 1.06920250930: universe 1.20220251231: universe 1.244 20210331: follow 1.06620210930: follow 0.95020211231: follow 0.61620220331: follow 0.56820220630: follow 0.63120220930: follow 0.67420221231: follow 0.63820230331: follow 0.66120230630: follow 0.67520230930: follow 0.74020231231: follow 0.89820240331: follow 0.79420240630: follow 0.78620240930: follow 0.76120241231: follow 0.88420250331: follow 0.81320250630: follow 0.83520250930: follow 1.00320251231: follow 0.945 0.52 0.93 1.34 20212022202320242025 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 76 · 2026 Q1

Ticker Value Weight QoQ
NVDA $81M
7.8%
TRIM
GOOGL $72M
6.9%
TRIM
MSFT $63M
6.1%
ADD
AAPL $62M
5.9%
TRIM
AMZN $58M
5.5%
ADD
GS $47M
4.5%
TRIM
META $45M
4.3%
TRIM
AVGO $38M
3.6%
ADD
BA $37M
3.6%
TRIM
ABBV $36M
3.5%
TRIM
MA $36M
3.4%
ADD
C $35M
3.3%
TRIM
HON $34M
3.2%
ADD
LOW $33M
3.2%
ADD
PG $32M
3.0%
ADD
SHW $30M
2.9%
ADD
MRSH $30M
2.9%
ADD
IR $29M
2.8%
ADD
DAL $28M
2.7%
ADD
ECL $27M
2.6%
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

AXPMDLZMOOGNVTRS

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.