Fenimore Asset Management Inc 13F annual report
Fenimore Asset Management Inc is an investment fund managing more than $4.57 trillion ran by Michael Balboa. There are currently 96 companies in Mr. Balboa’s portfolio. The largest investments include CDW Corp and Ross Stores, together worth $518 billion.
$4.57 trillion Assets Under Management (AUM)
As of 7th August 2024, Fenimore Asset Management Inc’s top holding is 1,252,899 shares of CDW Corp currently worth over $280 billion and making up 6.1% of the portfolio value.
Relative to the number of outstanding shares of CDW Corp, Fenimore Asset Management Inc owns more than approximately 0.1% of the company.
In addition, the fund holds 1,632,823 shares of Ross Stores worth $237 billion, whose value fell 2.0% in the past six months.
The third-largest holding is Brown & Brown worth $216 billion and the next is Stryker worth $179 billion, with 526,150 shares owned.
Currently, Fenimore Asset Management Inc's portfolio is worth at least $4.57 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Fenimore Asset Management Inc
The Fenimore Asset Management Inc office and employees reside in Cobleskill, New York. According to the last 13-F report filed with the SEC, Michael Balboa serves as the Chief Financial Officer at Fenimore Asset Management Inc.
Recent trades
In the most recent 13F filing, Fenimore Asset Management Inc revealed that it had opened a new position in
One Spa World Holdings Ltd. and bought 905,512 shares worth $13.9 billion.
The investment fund also strengthened its position in Brown & Brown by buying
5,032 additional shares.
This makes their stake in Brown & Brown total 2,413,035 shares worth $216 billion.
Brown & Brown soared 40.3% in the past year.
On the other hand, there are companies that Fenimore Asset Management Inc is getting rid of from its portfolio.
Fenimore Asset Management Inc closed its position in Ollie's Bargain Outlet Holding on 14th August 2024.
It sold the previously owned 201,634 shares for $16 billion.
Michael Balboa also disclosed a decreased stake in CDW Corp by approximately 0.1%.
This leaves the value of the investment at $280 billion and 1,252,899 shares.
One of the largest hedge funds
The two most similar investment funds to Fenimore Asset Management Inc are Starboard Value L.P. and Quantinno Capital Management L.P.. They manage $4.58 trillion and $4.59 trillion respectively.
Michael Balboa investment strategy
Fenimore Asset Management Inc’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Industrials — making up 28.8% of
the total portfolio value.
The fund focuses on investments in the United States as
64.6% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
46% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $97.8 billion.
The complete list of Fenimore Asset Management Inc trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| CDW Corp |
0.09%
1,252,899
|
$280,448,830,000 | 6.14% |
| Ross Stores, Inc. |
0.34%
1,632,823
|
$237,281,820,000 | 5.20% |
| Brown & Brown, Inc. |
0.21%
2,413,035
|
$215,749,484,000 | 4.73% |
| Stryker Corp. |
0.09%
526,150
|
$179,022,388,000 | 3.92% |
| Idex Corporation |
2.06%
825,984
|
$166,187,989,000 | 3.64% |
| Vulcan Materials Co |
0.24%
663,940
|
$165,108,579,000 | 3.62% |
| Trane Technologies plc |
2.86%
493,181
|
$162,222,141,000 | 3.55% |
| Amphenol Corp. |
99.61%
2,327,669
|
$156,815,051,000 | 3.43% |
| Markel Corporation |
0.48%
88,839
|
$139,980,059,000 | 3.07% |
| Microchip Technology Incorpora |
0.45%
1,452,941
|
$132,944,091,000 | 2.91% |
| Progressive Corp. |
0.17%
576,043
|
$119,649,829,000 | 2.62% |
| Fastenal Co. |
0.85%
1,831,403
|
$115,085,348,000 | 2.52% |
| Brookfield Corp |
0.21%
2,613,888
|
$108,580,900,000 | 2.38% |
| Analog Devices Inc. |
0.34%
473,776
|
$108,144,008,000 | 2.37% |
| Arthur J. Gallagher & Co. |
1.32%
411,808
|
$106,785,987,000 | 2.34% |
| Autozone Inc. |
0.06%
33,905
|
$100,497,811,000 | 2.20% |
| Zebra Technologies A |
1.01%
322,257
|
$99,554,855,000 | 2.18% |
| Illinois Tool Works, Inc. |
1.42%
385,943
|
$91,453,133,000 | 2.00% |
| ExlService Holdings Inc |
1.81%
2,811,490
|
$88,168,326,000 | 1.93% |
| Pinnacle Financial Partners, I |
0.53%
1,085,458
|
$86,880,095,000 | 1.90% |
| Graco Inc. |
1.79%
1,082,330
|
$85,807,122,000 | 1.88% |
| Booking Holdings Inc |
0.06%
20,245
|
$80,200,603,000 | 1.76% |
| Waters Corp. |
1.13%
231,804
|
$67,250,976,000 | 1.47% |
| Heico Corp. |
0.50%
374,291
|
$66,444,145,000 | 1.46% |
| Berkshire Hathaway Inc. A |
No change
108
|
$66,122,028,000 | 1.45% |
| Entegris Inc |
4.60%
471,203
|
$63,800,886,000 | 1.40% |
| Broadridge Financial Solutions, Inc. |
0.46%
299,355
|
$58,972,935,000 | 1.29% |
| Republic Services, Inc. |
1.61%
291,392
|
$56,629,121,000 | 1.24% |
| Keysight Technologies Inc |
20.36%
399,327
|
$54,607,967,000 | 1.20% |
| Steris Plc |
8.21%
237,279
|
$52,092,268,000 | 1.14% |
| McCormick & Company, Incorporated |
1.00%
729,288
|
$51,735,693,000 | 1.13% |
| Paychex Inc. |
0.53%
413,006
|
$48,965,991,000 | 1.07% |
| Cintas Corporation |
0.79%
69,104
|
$48,390,767,000 | 1.06% |
| EOG Resources, Inc. |
0.27%
373,495
|
$47,011,793,000 | 1.03% |
| SouthState Corporation |
0.12%
583,744
|
$44,609,716,000 | 0.98% |
| Carmax Inc |
1.86%
571,329
|
$41,901,269,000 | 0.92% |
| Avery Dennison Corp. |
1.01%
183,334
|
$40,085,979,000 | 0.88% |
| Martin Marietta Mat |
4.63%
71,805
|
$38,903,949,000 | 0.85% |
| Jack Henry & Associates, Inc. |
1.46%
213,705
|
$35,479,304,000 | 0.78% |
| Brookfield Asset Management Lt |
2.59%
932,125
|
$35,467,368,000 | 0.78% |
| Cbiz Inc |
14.85%
448,536
|
$33,236,518,000 | 0.73% |
| Verisk Analytics Inc |
6.07%
118,975
|
$32,069,711,000 | 0.70% |
| Pool Corporation |
1.00%
98,968
|
$30,415,835,000 | 0.67% |
| Colliers International Group I |
0.75%
240,683
|
$26,872,257,000 | 0.59% |
| Roper Technologies Inc |
3.20%
46,050
|
$25,956,543,000 | 0.57% |
| Fortune Brands Innovations |
36.33%
396,536
|
$25,751,049,000 | 0.56% |
| Watsco, Inc. |
7.84%
52,758
|
$24,439,616,000 | 0.54% |
| Agilent Technologies Inc. |
0.30%
173,855
|
$22,536,824,000 | 0.49% |
| Trisura Group Ltd. |
0.14%
705,780
|
$21,371,018,000 | 0.47% |
| Choice Hotels International, I |
0.61%
176,978
|
$21,060,382,000 | 0.46% |
| Brookfield Infrastructure Corporation |
9.09%
571,601
|
$19,240,090,000 | 0.42% |
| Exponent Inc. |
0.36%
198,418
|
$18,873,520,000 | 0.41% |
| Landstar System, Inc. |
0.23%
97,396
|
$17,967,614,000 | 0.39% |
| Dutch Brothers Inc Cl A |
0.15%
432,708
|
$17,914,111,000 | 0.39% |
| Element Solutions Inc |
0.17%
622,586
|
$16,884,532,000 | 0.37% |
| Nomad Foods Ltd |
0.39%
1,012,083
|
$16,679,128,000 | 0.37% |
| SPS Commerce Inc. |
0.17%
86,346
|
$16,246,863,000 | 0.36% |
| Ollie's Bargain Outlet Holding |
Closed
201,634
|
$16,044,017,000 | |
| SiteOne Landscape Supply Inc |
15.01%
129,597
|
$15,734,372,000 | 0.34% |
| frontdoor, inc. |
0.18%
459,907
|
$15,540,258,000 | 0.34% |
| Floor & Decor Holdings Inc |
1.32%
155,790
|
$15,487,084,000 | 0.34% |
| Chemed Corp. |
No change
27,202
|
$14,759,261,000 | 0.32% |
| FirstService Corp |
0.26%
94,186
|
$14,351,121,000 | 0.31% |
| One Spa World Holdings Ltd. |
Opened
905,512
|
$13,917,719,000 | 0.30% |
| Franklin Electric Co., Inc. |
0.22%
144,240
|
$13,893,197,000 | 0.30% |
| Cass Information Systems Inc |
0.25%
340,432
|
$13,641,110,000 | 0.30% |
| Descartes Systems Group Inc |
0.18%
136,132
|
$13,183,023,000 | 0.29% |
| Dream Finders Homes, Inc. |
0.26%
490,771
|
$12,671,707,000 | 0.28% |
| Boston Omaha Corporation |
0.83%
938,920
|
$12,637,863,000 | 0.28% |
| Home Bancshares Inc |
0.08%
513,046
|
$12,292,582,000 | 0.27% |
| T. Rowe Price Group Inc. |
6.11%
100,607
|
$11,600,993,000 | 0.25% |
| Hagerty, Inc. |
0.62%
956,676
|
$9,949,430,000 | 0.22% |
| Berkshire Hathaway Inc. B |
1.84%
23,858
|
$9,705,434,000 | 0.21% |
| Esab Corporation |
Opened
98,462
|
$9,297,767,000 | 0.20% |
| Houlihan Lokey Inc |
Opened
45,074
|
$6,078,680,000 | 0.13% |
| Apple Inc |
No change
13,481
|
$2,839,368,000 | 0.06% |
| Us Bancorp |
No change
62,369
|
$2,476,049,000 | 0.05% |
| Vanguard Growth |
No change
6,581
|
$2,461,360,000 | 0.05% |
| Powershares Dynamic Large Cap |
No change
17,000
|
$1,605,732,000 | 0.04% |
| Abbvie Inc |
No change
7,481
|
$1,283,157,000 | 0.03% |
| Spdr S&p 500 Etf Trust |
No change
1,477
|
$803,813,000 | 0.02% |
| Ishares Core S&p 500 Etf |
No change
1,200
|
$656,676,000 | 0.01% |
| Conmed Corp. |
3.10%
8,903
|
$617,156,000 | 0.01% |
| Microsoft Corporation |
No change
1,359
|
$607,239,000 | 0.01% |
| Select Sector Spdr Tr Sbi Cons |
No change
3,138
|
$572,371,000 | 0.01% |
| NBT Bancorp. Inc. |
No change
14,480
|
$558,928,000 | 0.01% |
| Exxon Mobil Corp. |
No change
3,878
|
$446,435,000 | 0.01% |
| International Business Machine |
No change
2,573
|
$445,000,000 | 0.01% |
| Ul Solutions |
Opened
10,000
|
$421,900,000 | 0.01% |
| Zoetis Inc |
No change
2,240
|
$388,326,000 | 0.01% |
| Union Pacific Corp. |
No change
1,584
|
$358,396,000 | 0.01% |
| Wells Fargo & Co. |
No change
6,000
|
$356,340,000 | 0.01% |
| Moodys Corp |
No change
787
|
$331,272,000 | 0.01% |
| MSCI Inc |
No change
572
|
$275,561,000 | 0.01% |
| American Express Co. |
No change
1,105
|
$255,863,000 | 0.01% |
| Dollar General Corp. |
Closed
1,506
|
$235,026,000 | |
| The Hanover Group |
No change
1,700
|
$213,248,000 | 0.00% |
| Vanguard Total International B |
Closed
4,246
|
$208,861,000 | |
| Air Products & Chemicals Inc. |
Closed
861
|
$208,594,000 | |
| Vanguard Total Stock Market |
50.10%
773
|
$206,785,000 | 0.00% |
| Diamond Hill Investment Group, Inc. |
Closed
1,336
|
$205,971,000 | |
| No transactions found | |||
| Showing first 500 out of 101 holdings | |||
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