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Portfolio (Quarterly) Guide ↗

Venator Management LLC

· CIK 0001838211
13F Portfolio $444M AUM 27 positions Filed Feb 12, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 5 New 8 Added 11 Reduced 3 Exited
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 GOOG Alphabet Inc. - Class C Communication Services 225,440.0 $70.7M 15.95% -2K -0.9% $313.80 +20.9%
2 GOOGL Alphabet Inc. - Class A Communication Services 144,914.0 $45.4M 10.22% -1K -0.9% $313.00 +22.4%
3 META Meta Platforms Inc. Communication Services 50,371.0 $33.2M 7.50% -2K -3.8% $660.09 -7.5%
4 UBER Uber Technologies Inc. Technology 353,155.0 $28.9M 6.50% -13K -3.6% $81.71 -12.1%
5 JPM JP Morgan Chase & Co. Financial Services 55,465.0 $17.9M 4.03% -600.0 -1.1% $322.22 -4.9%
6 Berkshire Hathaway Inc. Clas 18,220.0 $9.2M 2.06% -138.0 -0.8% $502.65
7 UNH United Health Group Inc. Healthcare 24,560.0 $8.1M 1.83% -1K -3.9% $330.11 +17.7%
8 CZR Caesars Entertainment Inc. Consumer Cyclical 234,025.0 $5.5M 1.23% -28K -10.6% $23.39 +21.7%
9 FCNCA First Citizens BancShares, I Financial Services 1,921.0 $4.1M 0.93% -171.0 -8.2% $2146.18 -7.2%
10 TMUS T-Mobile US Inc. Communication Services 5,200.0 $1.1M 0.24% -1K -17.6% $203.04 -5.7%
11 Airbus Group ADR 9,300.0 $539K 0.12% -35K -79.2% $57.92

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
Communication Services 42.5%
Consumer Cyclical 22.1%
Financial Services 19.9%
Technology 9.0%
Healthcare 4.3%
Basic Materials 2.1%