ACADEMY CAPITAL MANAGEMENT

Q4 2025 13F-HR Holdings

Location
Waco, TX
Holdings as of
12/31/2025
Date filed
2/2/2026
Form type
13F-HR
Num holdings
41
Total value ($000)
$752,543
Net value change ($000)
+51,121 (7.3%)
New positions
1
Sold out positions
1
Turnover %
0.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 12/12/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
ZTS 16,600 128.6%
GOOGL 14,108 27.6%
GOOGL 11,360 27.5%
POOL 9,952 186.7%
AAPL 4,364 5.9%
TSM 3,539 8.2%
LVMUY 3,201 22.6%
AMZN 2,554 4.4%
TRV 1,544 100.5%
IDXX 1,191 5.3%
Top Reduces (Value $000, Stocks/ETFs)
META -6,942 -10.4%
MSFT -4,921 -7.2%
PRI -2,712 -7.4%
NVO -1,777 -8.7%
UNH -1,457 -4.9%
BABA -954 -18.7%
SPY -496 -100.0%
BRK-B -397 -0.7%
NFLX -151 -21.7%
MA -131 -0.2%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type