Arlington Value Capital 13F annual report

Arlington Value Capital is an investment fund managing more than $688 million ran by Ben Raybould. There are currently 16 companies in Mr. Raybould’s portfolio. The largest investments include Berkshire Hathaway and Cimpress N V, together worth $348 million.

$688 million Assets Under Management (AUM)

As of 7th October 2020, Arlington Value Capital’s top holding is 1,439,746 shares of Berkshire Hathaway currently worth over $263 million and making up 38.3% of the portfolio value. Relative to the number of outstanding shares of Berkshire Hathaway, Arlington Value Capital owns less than 2.2% of the company. In addition, the fund holds 1,602,632 shares of Cimpress N V worth $85.3 million. The third-largest holding is AutoNation worth $64.8 million and the next is Spectrum Brands worth $63.6 million, with 1,749,868 shares owned.

Currently, Arlington Value Capital's portfolio is worth at least $688 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Arlington Value Capital

The Arlington Value Capital office and employees reside in Salt Lake City, Utah. According to the last 13-F report filed with the SEC, Ben Raybould serves as the Managing Member at Arlington Value Capital.

Recent trades

In the most recent 13F filing, Arlington Value Capital revealed that it had opened a new position in Wayfair and bought 231,791 shares worth $12.4 million.

On the other hand, there are companies that Arlington Value Capital is getting rid of from its portfolio. Arlington Value Capital closed its position in Grubhub on 15th May 2020. It sold the previously owned 4,228 shares for $206 thousand. Ben Raybould also disclosed a decreased stake in Berkshire Hathaway by 0.3%. This leaves the value of the investment at $263 million and 1,439,746 shares.

One of the average hedge funds

The two most similar investment funds to Arlington Value Capital are Zions Bancorporation, N.a and Kora Management L.P.. They manage $688 million and $688 million respectively.

Ben Raybould investment strategy

Arlington Value Capital’s portfolio is diversified across 7 sectors. Currently, their heaviest sector is Finance — making up 49.6% of the total portfolio value. The fund focuses on investments in the United States as 68.8% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 25% of the total holdings value. On the other hand, small-cap stocks make up only 6.3% of the portfolio. The average market cap of the portfolio companies is close to $105 billion.

The complete list of Arlington Value Capital trades based on 13F SEC filings

These positions were updated on May 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Berkshire Hathaway Inc.	26.40% 1,439,746	$263,228,000	38.26%
Cimpress N V	19.69% 1,602,632	$85,260,000	12.39%
AutoNation, Inc.	14.08% 2,310,483	$64,832,000	9.42%
Spectrum Brands Holdings, Inc.	35.66% 1,749,868	$63,642,000	9.25%
Monro Muffler Brake Inc	7.81% 1,408,248	$61,696,000	8.97%
Interactive Brokers Gro-cl A	14.96% 999,185	$43,135,000	6.27%
Jefferies Financial Group, Inc.	23.42% 3,056,028	$41,776,000	6.07%
Alliance Data Systems Corp.	43.47% 705,603	$23,743,000	3.45%
Wayfair, Inc.	Opened 231,791	$12,387,000	1.80%
Berkshire Hathaway Inc.	No change 43	$11,696,000	1.70%
Covetrus Inc	22.72% 991,498	$8,071,000	1.17%
GCI Liberty, Inc.	36.71% 121,377	$6,915,000	1.01%
Bank of America Corp.	88.63% 28,327	$601,000	0.09%
Spirit Airlines, Inc.	91.02% 40,550	$523,000	0.08%
Molson Coors Beverage Co.	Opened 12,383	$483,000	0.07%
Grubhub, Inc.	Closed 4,228	$206,000
Deswell Industries, Inc.	No change 22,781	$50,000	0.01%
No transactions found
Showing first 500 out of 17 holdings