Venator Management LLC 13F: Quarter-over-Quarter Portfolio Changes
Venator Management LLC reported a disclosed portfolio value of approximately $444.0 million in its latest SEC Form 13F-HR filing for Q2 2026, up 6.8% quarter on quarter. Over the quarter, the fund initiated 3 new positions, bought more shares in 10 holdings, trimmed 11 holdings, and exited 4 positions.
Venator Management LLC's top buy was S&p Global INC (SPGI) . The fund bought 348.8% more shares, lifting the position's portfolio weight by 0.8 percentage points. Its top sell was Elevance Health INC Formerly (ELV) . The fund sold 78.2% of its previously reported shares, reducing the position's portfolio weight by 1.1 percentage points.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| COOPER COS INC | COO | 0.5% | Holders → |
| WELLS FARGO PERP PFD CNV A | SYN_949746804 | 0.1% | Holders → |
| GALLAGHER ARTHUR J & CO | AJG | 0.1% | Holders → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| S&P GLOBAL INC | SPGI | +0.8% | +348.8% | Holders → |
| INTUIT | INTU | +1.3% | +134.8% | History → |
| NETFLIX INC. | NFLX | +-2.2% | +8.3% | History → |
| VISA INC-CLASS A SHRS | V | +1.1% | +3.8% | History → |
| NVR INC | NVR | +-0.1% | +0.8% | History → |
| UBER TECHNOLOGIES INC | UBER | +-0.3% | +0.6% | History → |
| BERKSHIRE HATHAWAY INC CL B | BRK/B | +-0.0% | +0.4% | – |
| ALPHABET INC | GOOG | +2.4% | +0.2% | History → |
| ALPHABET INC-CL A | GOOGL | +1.6% | +0.2% | History → |
| JPMORGAN CHASE & CO | JPM | +0.2% | +0.1% | History → |
Top SellsQ2 2026
Showing the top 10 sells among 11 existing positions where the fund sold shares in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| ELEVANCE HEALTH INC FORMERLY | ELV | -1.1% | 78.2% | Holders → |
| UNITEDHEALTH GROUP INC | UNH | -0.9% | 73.5% | Holders → |
| STARBUCKS CORP | SBUX | -1.1% | 65.4% | Holders → |
| MARSH & MCLENNAN COS INC | MRSH | -0.1% | 40.0% | Holders → |
| FISERV INC | FISV | -0.8% | 20.4% | Holders → |
| CAPITAL ONE FINL CORP | COF | -0.5% | 16.6% | Holders → |
| TITAN AMER SA | TTAM | -0.0% | 15.4% | Holders → |
| META PLATFORMS INC | META | -0.8% | 11.7% | Holders → |
| DECKERS OUTDOOR CORP | DECK | -0.1% | 11.1% | Holders → |
| T-MOBILE US INC | TMUS | -0.1% | 5.4% | Holders → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| CAESARS ENTERTAINMENT INC NE | CZR | 0.6% |
| FIRST CTZNS BANCSHARES INC D | FCNCA | 0.3% |
| AIRBNB INC | ABNB | 0.3% |
| WELLS FARGO PERP PFD CNV A | WFC 7.5 PERP L | 0.2% |
Net Portfolio Value ChangeQ2 2026
- $0.4BPrior quarter
- $0.4BCurrent quarter
- +$0.0BNet delta
- +6.8%% change
Methodology & FAQ
How Venator Management LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Venator Management LLC: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did Venator Management LLC buy in Q2 2026?
In Q2 2026, Venator Management LLC initiated 3 new positions (COOPER COS INC (COO), WELLS FARGO PERP PFD CNV A (SYN_949746804), GALLAGHER ARTHUR J & CO (AJG)); bought more shares of S&P GLOBAL INC (SPGI), INTUIT (INTU), NETFLIX INC. (NFLX), VISA INC-CLASS A SHRS (V), NVR INC (NVR) (the largest 5 of 10 adds).
What stocks did Venator Management LLC sell in Q2 2026?
In Q2 2026, Venator Management LLC fully sold 4 positions (CAESARS ENTERTAINMENT INC NE (CZR), FIRST CTZNS BANCSHARES INC D (FCNCA), AIRBNB INC (ABNB), WELLS FARGO PERP PFD CNV A (WFC 7.5 PERP L)); reduced holdings in ELEVANCE HEALTH INC FORMERLY (ELV), UNITEDHEALTH GROUP INC (UNH), STARBUCKS CORP (SBUX), MARSH & MCLENNAN COS INC (MRSH), FISERV INC (FISV) (the largest 5 of 11 reductions).
Which positions did Venator Management LLC initiate in Q2 2026?
Venator Management LLC established 3 new positions in Q2 2026: COOPER COS INC (COO, 0.5%), WELLS FARGO PERP PFD CNV A (SYN_949746804, 0.1%), GALLAGHER ARTHUR J & CO (AJG, 0.1%).
Which existing positions saw the largest allocation increases for Venator Management LLC in Q2 2026?
Of 10 existing positions with share-count increases in Q2 2026, the largest were: S&P GLOBAL INC (SPGI, +0.8% weight, +348.8% shares), INTUIT (INTU, +1.3% weight, +134.8% shares), NETFLIX INC. (NFLX, +-2.2% weight, +8.3% shares), VISA INC-CLASS A SHRS (V, +1.1% weight, +3.8% shares), NVR INC (NVR, +-0.1% weight, +0.8% shares), UBER TECHNOLOGIES INC (UBER, +-0.3% weight, +0.6% shares), BERKSHIRE HATHAWAY INC CL B (BRK/B, +-0.0% weight, +0.4% shares), ALPHABET INC (GOOG, +2.4% weight, +0.2% shares), ALPHABET INC-CL A (GOOGL, +1.6% weight, +0.2% shares), JPMORGAN CHASE & CO (JPM, +0.2% weight, +0.1% shares).
Which positions did Venator Management LLC fully exit in Q2 2026?
Venator Management LLC fully exited 4 positions in Q2 2026: CAESARS ENTERTAINMENT INC NE (CZR, last-reported weight 0.6%), FIRST CTZNS BANCSHARES INC D (FCNCA, last-reported weight 0.3%), AIRBNB INC (ABNB, last-reported weight 0.3%), WELLS FARGO PERP PFD CNV A (WFC 7.5 PERP L, last-reported weight 0.2%).
Which existing positions saw the largest allocation reductions for Venator Management LLC in Q2 2026?
Of 11 existing positions with share-count reductions in Q2 2026, the largest were: ELEVANCE HEALTH INC FORMERLY (ELV, -1.1% weight, -78.2% shares), UNITEDHEALTH GROUP INC (UNH, -0.9% weight, -73.5% shares), STARBUCKS CORP (SBUX, -1.1% weight, -65.4% shares), MARSH & MCLENNAN COS INC (MRSH, -0.1% weight, -40.0% shares), FISERV INC (FISV, -0.8% weight, -20.4% shares), CAPITAL ONE FINL CORP (COF, -0.5% weight, -16.6% shares), TITAN AMER SA (TTAM, -0.0% weight, -15.4% shares), META PLATFORMS INC (META, -0.8% weight, -11.7% shares), DECKERS OUTDOOR CORP (DECK, -0.1% weight, -11.1% shares), T-MOBILE US INC (TMUS, -0.1% weight, -5.4% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.