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Value GiantsValue investors’ 13F holdings, as a whole
Q2 2026 13FData as of Aug 18, 2026
Quality value

Allan Mecham

Q1 2020 13F: 16 holdings worth about $688.0M; that quarter 2 new, 0 added, 12 trimmed, 1 sold out.

Firm: Arlington Value Capital, LLC
Filer: Arlington Value Capital, LLC CIK 1568820
Last filed: May 15, 2020 | Quality value | Not counted this quarter (A1 stopped filing after 2020Q1); below is the last counted quarter, Q1 2020.

13F lists only long positions in US-listed stocks (and some ETFs and convertibles); short positions, cash, bonds, shares listed outside the US and private companies are not shown, so this is not the giant’s whole portfolio.

Why This Giant Is Included

  • Rule numbers (Q2 2026): 16 holdings, top 10 = 98%, stocks $0.0B, options 0%; not met: A1 stopped filing after 2020Q1

Full selection rules →

13F value
$688.0M
previous $1.5B (−53.2%)
Holdings
16
2 new / 1 sold out
Net deploymentest.
−19.2%
est. net buying ÷ last quarter’s portfolio
Top-10 concentration
98%
overlap with the composite 9%
Turnoverest.
1.6%
held 14 quarters on average
I

Trades in Q1 2020

Sorted by position shift: how many percentage points of the portfolio the trade moved.

How to Read This

Share changes are split-adjusted. Est. trade price = (start + end price) ÷ 2; 13F does not show the actual trade date or price.

MoveCompanyChange in sharesChange %Position shift (pts)Start → end priceEst. trade price
TrimmedBRK.BBerkshire Hathaway Inc−516.4K−26%−13.72$226.50 → $182.83$204.67
TrimmedSPBSpectrum Brands Holdings, Inc−969.8K−36%−5.13$64.29 → $36.37$50.33
TrimmedCMPRCimpress PLC−392.8K−20%−3.04$125.77 → $53.20$89.48
TrimmedBFHBread Financial Holdings, Inc−542.6K−43%−2.65$112.20 → $33.65$72.92
TrimmedJEFJefferies Financial Group Inc−934.7K−23%−1.86$21.37 → $13.67$17.52
NewWWayfair Inc+231.8K—+1.80$90.37 → $53.44$71.91
TrimmedANAutoNation Inc−378.5K−14%−1.54$48.63 → $28.06$38.34
TrimmedIBKRInteractive Brokers Group, Inc−175.8K−15%−1.10$46.62 → $43.17$44.89
TrimmedSAVEQSpirit Airlines Inc−411.1K−91%−0.77$40.31 → $12.90$26.60
TrimmedMNROMonro Inc−119.4K−8%−0.76$78.20 → $43.81$61.01
TrimmedBACBank of America Corp−220.9K−89%−0.68$35.22 → $21.23$28.22
TrimmedGLIBALiberty Capital Corp−70.4K−37%−0.58$70.85 → $56.97$63.91
TrimmedCVETCovetrus Inc−291.5K−23%−0.34$13.20 → $8.14$10.67
NewTAPMolson Coors Beverage Co+12.4K—+0.07$53.90 → $39.01$46.45
Sold out—Grubhub Inc/old−4.2K—−0.03$48.69 → ——
II

All Holdings (15 Companies)

Share classes of one company are combined; click a heading to re-sort.

How to Read This

Est. average cost: shares bought each quarter × (start + end price) ÷ 2, weighted; trims do not change the cost. Positions held before Q1 1999 (or the giant’s earliest electronic filing) start from that quarter’s price and are marked ‘start point’. vs cost = quarter-end price ÷ est. average cost − 1, excluding dividends.

CompanySectorWeight (prev.)SharesValueThis quarterFirst boughtQuarters heldEst. avg costQuarter-end pricevs costHistory
BRK.BBerkshire Hathaway IncFinancials40.0%31.1%1.44M$274.9MTrimmed −26%Q4 201230$172.78est.start point$182.83+6%History
CMPRCimpress PLCCommunication & media12.4%17.1%1.60M$85.3MTrimmed −20%Q4 201422$89.80est.$53.20−41%
ANAutoNation IncConsumer discretionary9.4%8.9%2.31M$64.8MTrimmed −14%Q4 201614$41.24est.$28.06−32%History
SPBSpectrum Brands Holdings, IncInformation technology9.2%11.9%1.75M$63.6MTrimmed −36%Q4 20186$58.12est.$36.37−37%History
MNROMonro IncConsumer discretionary9.0%8.1%1.41M$61.7MTrimmed −8%Q2 201712$48.38est.$43.81−9%History
IBKRInteractive Brokers Group, IncFinancials6.3%3.7%999.2K$43.1MTrimmed −15%Q4 201422$31.35est.$43.17+38%History
JEFJefferies Financial Group IncFinancials6.1%5.8%3.06M$41.8MTrimmed −23%Q2 20188$22.19est.$13.67−38%History
BFHBread Financial Holdings, IncFinancials3.5%9.5%705.6K$23.7MTrimmed −43%Q3 201711$197.51est.$33.65−83%History
WWayfair IncConsumer discretionary1.8%—231.8K$12.4MNewQ1 20201$71.91est.$53.44−26%History
CVETCovetrus IncUnclassified1.2%1.2%991.5K$8.1MTrimmed −23%Q4 20192$12.55est.$8.14−35%
GLIBALiberty Capital CorpCommunication & media1.0%0.9%121.4K$6.9MTrimmed −37%Q3 20187$48.03est.$56.97+19%
BACBank of America CorpFinancials0.1%0.6%28.3K$601KTrimmed −89%Q2 201616$13.82est.$21.23+54%History
SAVEQSpirit Airlines IncUnclassified0.1%1.2%40.5K$523KTrimmed −91%Q3 201711$42.40est.$12.90−70%
TAPMolson Coors Beverage CoConsumer staples0.1%—12.4K$483KNewQ1 20201$46.45est.$39.01−16%History
DSWLDeswell Industries IncMaterials0.0%0.0%22.8K$50KHeldQ4 201230$2.40est.start point$2.19−8%
III

Portfolio Map: Size Is Weight, Colour Is Gain or Loss against Cost

How to Read This

Each block is a company (up to 60); area = portfolio weight. The darker the colour, the further the quarter-end price is above (or below) the estimated cost: light 5–25%, medium 25–100%, darkest over 100%; grey is within 5%.

above costbelow costwithin 5%
Portfolio MapBRK.BBerkshire Hathaway IncCMPRCimpress PLCANAutoNation IncSPBSpectrum Brands Holdin…MNROMonro IncIBKRInteractive Brokers Group,…JEFJefferies Financial Group I…BFHBread Financial…WWayfair IncCVETCovetrus In…
IV

Over Time

From Q4 2012, 30 quarters (this giant’s electronic 13F filings).

13F Value

13F Value$0$500.0M$1.0B$1.5BQ4 2012Q3 2013Q2 2014Q1 2015Q4 2015Q3 2016Q2 2017Q1 2018Q4 2018Q1 2020

Holdings

Holdings01020Q4 2012Q3 2013Q2 2014Q1 2015Q4 2015Q3 2016Q2 2017Q1 2018Q4 2018Q1 2020

Top-10 Concentration

Top-10 Concentration0%25%50%75%100%Q4 2012Q3 2013Q2 2014Q1 2015Q4 2015Q3 2016Q2 2017Q1 2018Q4 2018Q1 2020

Turnover (Est.)

Turnover0%10%20%Q4 2012Q3 2013Q2 2014Q1 2015Q4 2015Q3 2016Q2 2017Q1 2018Q4 2018Q1 2020

Sector Mix

Information technologyFinancialsCommunication & mediaConsumer discretionaryIndustrialsHealth careEnergyOther (incl. unclassified)
Sector Mix0%25%50%75%100%Q4 2012Q3 2013Q2 2014Q1 2015Q4 2015Q3 2016Q2 2017Q1 2018Q4 2018Q1 2020
V

Quarter by Quarter, with the Original Filings

* = not counted in that quarter’s totals. Links open the original SEC filing; 13F-HR/A is an amendment.

Show 30 Quarters
QuarterHoldingsNewSold out13F valueTurnoverNet deploymentSEC
Q1 20201621$688.0M1.6%−19.2%13F-HR
Q4 20191511$1.5B2.5%−6.0%13F-HR
Q3 20191510$1.5B4.6%−0.8%13F-HR
Q2 20191401$1.5B3.0%+2.3%13F-HR
Q1 20191501$1.4B7.2%+8.4%13F-HR
Q4 20181614$1.3B12.1%+11.6%13F-HR
Q3 20181935$1.4B8.8%+5.5%13F-HR
Q2 20182111$1.3B12.2%+4.9%13F-HR
Q1 20182112$1.2B6.5%+12.5%13F-HR
Q4 20172203$1.1B6.4%−7.1%13F-HR
Q3 20172554$999.5M9.5%+9.9%13F-HR
Q2 20172441$873.6M2.4%+22.6%13F-HR
Q1 20172130$700.8M9.2%−3.9%13F-HR
Q4 20161822$727.2M2.8%−23.5%13F-HR
Q3 20161835$862.4M6.7%−9.5%13F-HR
Q2 20162040$900.1M5.4%+10.3%13F-HR
Q1 20161621$815.9M11.9%−3.5%13F-HR
Q4 20151501$794.0M5.6%+7.8%13F-HR
Q3 20151631$742.4M13.2%+19.2%13F-HR
Q2 20151401$716.1M11.7%−0.8%13F-HR
Q1 20151521$692.2M0.5%+23.0%13F-HR
Q4 20141421$564.8M24.7%+17.2%13F-HR
Q3 20141314$443.1M26.2%−9.1%13F-HR
Q2 2014 *1650$454.4M8.6%+19.9%13F-HR
Q1 2014 *1123$389.1M11.0%+10.8%13F-HR
Q4 2013 *1221$348.1M4.5%+8.9%13F-HR
Q3 2013 *1110$304.5M9.4%+5.8%13F-HR
Q2 2013 *1020$272.7M6.0%+6.8%13F-HR
Q1 2013 *812$235.5M8.7%+11.3%13F-HR
Q4 2012 *900$189.7M——13F-HR
VI

Large Positions Sold Out

Positions that once made up 2% or more of the portfolio and were later sold out (latest 40): holding period and what became of the company, without profit or loss.

How to Read This

Sold out means the holding no longer appears on the 13F: it may have been sold, or the company was acquired or delisted. Company status is checked only for companies the giants together once held $100M or more of, from the company’s own SEC filings (for example 8-K item 1.03 = bankruptcy filing); a dash means not checked.

CompanyHeldPeak weightCompany since
CHTRCharter Communications, Inc /moQ3 2018 – Q4 20192%—
TAPMolson Coors Beverage CoQ1 2018 – Q2 20198%—
—Bath & Body Works, IncQ3 2018 – Q1 20194%Still filing with the SEC
MSMMSC Industrial Direct CoQ1 2015 – Q3 201810%Still filing with the SEC
AAPAdvance Auto Parts IncQ3 2017 – Q3 20186%—
UPBDUpbound Group IncQ1 2017 – Q3 20184%—
—Jefferies Financial Group IncQ1 2013 – Q2 201813%Still filing with the SEC
WFCWells Fargo & CoQ2 2016 – Q1 20186%—
TRIPTripAdvisor, IncQ1 2017 – Q1 20182%—
DNOWDNOW IncQ3 2014 – Q3 201713%—
MCOMoody’s CorpQ1 2016 – Q2 20173%—
—Coinstar LLCQ2 2014 – Q3 201613%Acquired or delisted Oct 7, 2016
CHEFChefs’ Warehouse, IncQ2 2014 – Q3 20167%—
—Bath & Body Works, IncQ2 2016 – Q3 20164%Still filing with the SEC
TRIPTripAdvisor, IncQ3 2015 – Q3 20163%—
SONYSony Group CorpQ2 2014 – Q1 201612%—
BACBank of America CorpQ4 2012 – Q3 201523%—
YAlleghany CorpQ1 2014 – Q2 20158%Acquired or delisted Oct 31, 2022
—Cimpress PLCQ4 2012 – Q4 201419%Still filing with the SEC
CHRWC. H. Robinson Worldwide, IncQ2 2013 – Q3 201412%Still filing with the SEC
IBMInternational Business Machines CorpQ4 2013 – Q3 20147%—