Venator Management LLC 13F: Quarter-over-Quarter Portfolio Changes
Venator Management LLC reported a disclosed portfolio value of approximately $415.9 million in its latest SEC Form 13F-HR filing for Q1 2026, down 6.3% quarter on quarter. Over the quarter, the fund initiated 4 new positions, bought more shares in 9 holdings, trimmed 14 holdings, and exited 3 positions.
Venator Management LLC's top buy was a new stake in Intuit (INTU) , equal to 4.0% of the disclosed portfolio. Its top sell was Echostar CORP (SATS) . The fund exited the position completely after it had accounted for 0.8% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| INTUIT | INTU | 4.0% | History → |
| AIRBNB, INC. | ABNB | 0.3% | Holders → |
| S&P GLOBAL INC | SPGI | 0.3% | Holders → |
| BROWN & BROWN, INC. | BRO | 0.1% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| FISERV, INC. | FISV | +1.0% | +116.2% | Holders → |
| NETFLIX INC. | NFLX | +3.2% | +42.8% | History → |
| WELLS FARGO PERP PFD CNV A | WFC 7.5 PERP L | +0.0% | +22.2% | Holders → |
| VISA | V | +1.0% | +20.2% | History → |
| CAPITAL ONE FINL CORP | COF | +-0.3% | +14.5% | Holders → |
| DECKERS OUTDOOR CORP | DECK | +0.1% | +12.5% | Holders → |
| MARSH | MRSH | +0.0% | +11.1% | Holders → |
| TITAN AMERICA SA | TTAM | +-0.0% | +2.5% | Holders → |
| AMAZON.COM | AMZN | +-0.4% | +0.4% | History → |
Top SellsQ1 2026
Showing the top 10 sells among 14 existing positions where the fund sold shares in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| FIRST CITIZENS BANCSHARES, I | FCNCA | -0.6% | 64.3% | Holders → |
| CAESARS ENTERTAINMENT INC NE | CZR | -0.7% | 62.1% | Holders → |
| META PLATFORMS INC | META | -3.4% | 41.5% | History → |
| ELEVANCE HEALTH INC | ELV | -0.7% | 25.5% | Holders → |
| STARBUCKS CORP | SBUX | -0.2% | 21.4% | Holders → |
| T-MOBILE US INC | TMUS | -0.0% | 11.5% | Holders → |
| JPMORGAN | JPM | -0.5% | 9.5% | Holders → |
| UNITEDHEALTH GROUP | UNH | -0.3% | 6.8% | Holders → |
| UBER TECHNOLOGIES INC | UBER | -0.7% | 4.2% | History → |
| ALPHABET CL A | GOOGL | -0.5% | 2.8% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| ECHOSTAR CORP | SATS | 0.8% |
| AIRBUS GROUP ADR | EADSY | 0.1% |
| PROGRESSIVE CORP | PGR | 0.1% |
Net Portfolio Value ChangeQ1 2026
- $0.4BPrior quarter
- $0.4BCurrent quarter
- $-0.0BNet delta
- -6.3%% 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 Q1 2026?
In Q1 2026, Venator Management LLC initiated 4 new positions (INTUIT (INTU), AIRBNB, INC. (ABNB), S&P GLOBAL INC (SPGI), BROWN & BROWN, INC. (BRO)); bought more shares of FISERV, INC. (FISV), NETFLIX INC. (NFLX), WELLS FARGO PERP PFD CNV A (WFC 7.5 PERP L), VISA (V), CAPITAL ONE FINL CORP (COF) — the largest 5 of 9 adds.
What stocks did Venator Management LLC sell in Q1 2026?
In Q1 2026, Venator Management LLC fully sold 3 positions (ECHOSTAR CORP (SATS), AIRBUS GROUP ADR (EADSY), PROGRESSIVE CORP (PGR)); reduced holdings in FIRST CITIZENS BANCSHARES, I (FCNCA), CAESARS ENTERTAINMENT INC NE (CZR), META PLATFORMS INC (META), ELEVANCE HEALTH INC (ELV), STARBUCKS CORP (SBUX) — the largest 5 of 14 reductions.
Which positions did Venator Management LLC initiate in Q1 2026?
Venator Management LLC established 4 new positions in Q1 2026: INTUIT (INTU, 4.0%), AIRBNB, INC. (ABNB, 0.3%), S&P GLOBAL INC (SPGI, 0.3%), BROWN & BROWN, INC. (BRO, 0.1%).
Which existing positions saw the largest allocation increases for Venator Management LLC in Q1 2026?
Of 9 existing positions with share-count increases in Q1 2026, the largest were: FISERV, INC. (FISV, +1.0% weight, +116.2% shares), NETFLIX INC. (NFLX, +3.2% weight, +42.8% shares), WELLS FARGO PERP PFD CNV A (WFC 7.5 PERP L, +0.0% weight, +22.2% shares), VISA (V, +1.0% weight, +20.2% shares), CAPITAL ONE FINL CORP (COF, +-0.3% weight, +14.5% shares), DECKERS OUTDOOR CORP (DECK, +0.1% weight, +12.5% shares), MARSH (MRSH, +0.0% weight, +11.1% shares), TITAN AMERICA SA (TTAM, +-0.0% weight, +2.5% shares), AMAZON.COM (AMZN, +-0.4% weight, +0.4% shares).
Which positions did Venator Management LLC fully exit in Q1 2026?
Venator Management LLC fully exited 3 positions in Q1 2026: ECHOSTAR CORP (SATS, last-reported weight 0.8%), AIRBUS GROUP ADR (EADSY, last-reported weight 0.1%), PROGRESSIVE CORP (PGR, last-reported weight 0.1%).
Which existing positions saw the largest allocation reductions for Venator Management LLC in Q1 2026?
Of 14 existing positions with share-count reductions in Q1 2026, the largest were: FIRST CITIZENS BANCSHARES, I (FCNCA, -0.6% weight, -64.3% shares), CAESARS ENTERTAINMENT INC NE (CZR, -0.7% weight, -62.1% shares), META PLATFORMS INC (META, -3.4% weight, -41.5% shares), ELEVANCE HEALTH INC (ELV, -0.7% weight, -25.5% shares), STARBUCKS CORP (SBUX, -0.2% weight, -21.4% shares), T-MOBILE US INC (TMUS, -0.0% weight, -11.5% shares), JPMORGAN (JPM, -0.5% weight, -9.5% shares), UNITEDHEALTH GROUP (UNH, -0.3% weight, -6.8% shares), UBER TECHNOLOGIES INC (UBER, -0.7% weight, -4.2% shares), ALPHABET CL A (GOOGL, -0.5% weight, -2.8% 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.