13F
中
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YCG, LLC

13F equity value
$1.1B
Positions
42
Top 10 concentration
51.4%
Quarters / total new picks
19 / 41
13F equity value over time
$0M$666M$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 19 quarters, returned +2.7% per quarter — versus +3.3% per quarter from simply owning every 13F stock. It beat that baseline in only 47.4% of quarters (excess t = -0.69, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-1.9%
t-stat
-0.69
Quarterly win rate
47%
Annualized excess
-3.3%
$1 → follow vs universe
$1.47 vs $1.69
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320181231: universe 0.99220190331: universe 0.97520190630: universe 1.04820191231: universe 0.84520200331: universe 1.01920200930: universe 1.25020201231: universe 1.30720210630: universe 1.41220210930: universe 1.26720220331: universe 1.36020230630: universe 1.31220240630: universe 1.43120241231: universe 1.33520250331: universe 1.45620250930: universe 1.63720251231: universe 1.693 20180331: follow 1.03820180630: follow 0.85620180930: follow 0.89320181231: follow 0.95320190331: follow 0.98420190630: follow 1.06220191231: follow 0.97520200331: follow 1.17720200930: follow 1.18420201231: follow 1.31320210630: follow 1.30520210930: follow 0.93620220331: follow 1.07420230630: follow 1.09920240630: follow 1.18620241231: follow 1.30720250331: follow 1.39620250930: follow 1.49620251231: follow 1.467 0.78 1.30 1.83 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 42 · 2026 Q1

Ticker Value Weight QoQ
MA $78M
7.1%
TRIM
MCO $76M
6.9%
TRIM
MSFT $61M
5.5%
TRIM
CPRT $58M
5.3%
ADD
MSCI $58M
5.2%
TRIM
FICO $52M
4.7%
ADD
WM $51M
4.6%
TRIM
AON $47M
4.3%
TRIM
LIN $43M
3.9%
ADD
RSG $43M
3.9%
TRIM
GOOG $42M
3.8%
TRIM
VRSK $41M
3.8%
ADD
MRSH $41M
3.7%
TRIM
CME $40M
3.6%
ADD
AMZN $40M
3.6%
TRIM
SPGI $36M
3.3%
HOLD
TDG $35M
3.2%
ADD
CP $27M
2.4%
TRIM
CNI $26M
2.4%
TRIM
BRK/B $22M
2.0%
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

ETVXOM

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.