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Portfolio (Quarterly) Guide ↗

ACADEMY CAPITAL MANAGEMENT

· CIK 0001031972
13F Portfolio $699M AUM 38 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 3 New 4 Added 22 Reduced 7 Exited
Page 2 of 2  ·  22 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 MRK MERCK & CO. INC. Healthcare 2,469.0 $297K 0.04% -55.0 -2.2% $120.29 +0.4%
22 STEL STELLAR BANCORP Financial Services 7,033.0 $257K 0.04% -28K -79.7% $36.61 +2.6%
Page 2 of 2  ·  22 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 27.1%
Communication Services 24.9%
Financial Services 17.7%
Healthcare 15.5%
Consumer Cyclical 9.1%
Industrials 4.1%
Energy 1.3%
Utilities 0.1%
Consumer Defensive 0.1%