Long Road Investment Counsel 13F annual report
Long Road Investment Counsel is an investment fund managing more than $230 million ran by Charles Wattles. There are currently 71 companies in Mr. Wattles’s portfolio. The largest investments include O Reilly Automotive and Stryker, together worth $39 million.
$230 million Assets Under Management (AUM)
As of 6th August 2024, Long Road Investment Counsel’s top holding is 23,321 shares of O Reilly Automotive currently worth over $24.6 million and making up 10.7% of the portfolio value.
In addition, the fund holds 42,125 shares of Stryker worth $14.3 million, whose value fell 4.3% in the past six months.
The third-largest holding is Adp worth $12.5 million and the next is Oracle worth $10.3 million, with 72,890 shares owned.
Currently, Long Road Investment Counsel's portfolio is worth at least $230 million. 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 Long Road Investment Counsel
The Long Road Investment Counsel office and employees reside in Kalamazoo, Michigan. According to the last 13-F report filed with the SEC, Charles Wattles serves as the Member at Long Road Investment Counsel.
Recent trades
In the most recent 13F filing, Long Road Investment Counsel revealed that it had opened a new position in
Alphabet Inc and bought 49,480 shares worth $9.08 million.
This means they effectively own approximately 0.1% of the company.
Alphabet Inc makes up
26.5%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Itw by buying
100 additional shares.
This makes their stake in Itw total 38,778 shares worth $9.19 million.
On the other hand, there are companies that Long Road Investment Counsel is getting rid of from its portfolio.
Long Road Investment Counsel closed its position in Alphabet Inc/ca-cl C on 13th August 2024.
It sold the previously owned 49,480 shares for $7.53 million.
Charles Wattles also disclosed a decreased stake in O Reilly Automotive by approximately 0.1%.
This leaves the value of the investment at $24.6 million and 23,321 shares.
One of the smallest hedge funds
The two most similar investment funds to Long Road Investment Counsel are Delta Investment Management and Lifeplan Inc. They manage $229 million and $229 million respectively.
Charles Wattles investment strategy
Long Road Investment Counsel’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Technology — making up 14.9% of
the total portfolio value.
The fund focuses on investments in the United States as
56.3% 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 $259 billion.
The complete list of Long Road Investment Counsel trades based on 13F SEC filings
These positions were updated on August 13th 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 |
|---|---|---|---|
| O Reilly Automotive |
1.71%
23,321
|
$24,628,000 | 10.72% |
| Stryker Corp. |
No change
42,125
|
$14,333,000 | 6.24% |
| Adp |
No change
52,189
|
$12,457,000 | 5.42% |
| Oracle Corp. |
1.35%
72,890
|
$10,292,000 | 4.48% |
| Itw |
0.26%
38,778
|
$9,189,000 | 4.00% |
| Alphabet Inc |
Opened
49,480
|
$9,076,000 | 3.95% |
| Alphabet Inc |
Opened
48,840
|
$8,896,000 | 3.87% |
| Alphabet Inc/ca-cl C |
Closed
49,480
|
$7,534,000 | |
| Alphabet Inc/ca-cl A |
Closed
48,740
|
$7,356,000 | |
| Fastenal Co. |
3.18%
115,595
|
$7,264,000 | 3.16% |
| Apple Inc |
No change
34,351
|
$7,235,000 | 3.15% |
| Intercontinental Exchange Inc |
0.30%
50,985
|
$6,979,000 | 3.04% |
| Carmax Inc |
No change
77,200
|
$5,662,000 | 2.46% |
| Accenture |
1.10%
17,970
|
$5,452,000 | 2.37% |
| Starbucks Corp. |
0.74%
66,770
|
$5,198,000 | 2.26% |
| Idexx Labs |
No change
10,450
|
$5,091,000 | 2.22% |
| WEX Inc |
0.38%
26,699
|
$4,729,000 | 2.06% |
| Expeditors |
No change
37,700
|
$4,705,000 | 2.05% |
| Pepsico Inc |
No change
28,300
|
$4,668,000 | 2.03% |
| Omnicom |
No change
50,560
|
$4,535,000 | 1.97% |
| RB Global Inc |
Opened
55,990
|
$4,275,000 | 1.86% |
| RB Global Inc |
Closed
55,990
|
$4,265,000 | |
| Thermo Fisher Scientific Inc. |
No change
7,421
|
$4,104,000 | 1.79% |
| Aflac Inc. |
No change
45,700
|
$4,081,000 | 1.78% |
| Becton Dickinson |
No change
16,332
|
$3,817,000 | 1.66% |
| Air Products |
No change
14,515
|
$3,746,000 | 1.63% |
| Estee Lauder |
No change
34,384
|
$3,658,000 | 1.59% |
| Broadridge Financial Solutions, Inc. |
Closed
17,200
|
$3,524,000 | |
| Broadridge Financial Sol |
Opened
17,300
|
$3,408,000 | 1.48% |
| Intuit Inc |
No change
5,170
|
$3,398,000 | 1.48% |
| Dorman Products Inc |
No change
27,850
|
$2,548,000 | 1.11% |
| Fidelity Natl Information Svcs |
1.86%
32,920
|
$2,481,000 | 1.08% |
| Cintas Corporation |
No change
3,450
|
$2,416,000 | 1.05% |
| Affiliated Managers Group Inc. |
No change
14,535
|
$2,271,000 | 0.99% |
| GE Aerospace |
No change
14,105
|
$2,242,000 | 0.98% |
| Johnson & Johnson |
No change
13,835
|
$2,022,000 | 0.88% |
| Gen Digital Inc |
No change
75,475
|
$1,885,000 | 0.82% |
| Cheesecake Factory Inc. |
No change
43,100
|
$1,693,000 | 0.74% |
| Gilead Sciences, Inc. |
No change
24,250
|
$1,664,000 | 0.72% |
| State Street Corp. |
No change
22,001
|
$1,628,000 | 0.71% |
| Moodys Corp |
No change
3,679
|
$1,549,000 | 0.67% |
| Borg Warner |
No change
46,030
|
$1,484,000 | 0.65% |
| Equifax, Inc. |
No change
5,966
|
$1,447,000 | 0.63% |
| Spdr S&p 500 Etf |
26.65%
2,614
|
$1,423,000 | 0.62% |
| Microsoft Corporation |
No change
3,117
|
$1,393,000 | 0.61% |
| Abbott Labs |
No change
12,970
|
$1,348,000 | 0.59% |
| Berkshire Hathaway Inc. |
No change
2
|
$1,224,000 | 0.53% |
| Adobe Inc |
4.35%
2,200
|
$1,222,000 | 0.53% |
| Ishares Msci Eafe Etf |
No change
14,990
|
$1,174,000 | 0.51% |
| Sysco Corp. |
No change
15,560
|
$1,111,000 | 0.48% |
| Abbvie Inc |
No change
5,475
|
$939,000 | 0.41% |
| Gentex Corp. |
No change
26,300
|
$887,000 | 0.39% |
| Procter & Gamble Co. |
No change
5,351
|
$882,000 | 0.38% |
| PayPal Holdings Inc |
No change
15,000
|
$870,000 | 0.38% |
| Spdr S&p Midcap 400 Etf |
54.73%
1,555
|
$832,000 | 0.36% |
| Vanguard Intl Equity Indexfds |
No change
18,980
|
$831,000 | 0.36% |
| Boot Barn Holdings Inc |
No change
6,175
|
$796,000 | 0.35% |
| Scotts Miracle-Gro Company |
No change
11,550
|
$751,000 | 0.33% |
| AMGEN Inc. |
No change
2,200
|
$687,000 | 0.30% |
| Jacobs Solutions Inc |
No change
4,825
|
$674,000 | 0.29% |
| Tractor Supply Co. |
No change
2,400
|
$648,000 | 0.28% |
| Ge Vernova |
Opened
3,515
|
$603,000 | 0.26% |
| Exxon |
No change
5,175
|
$596,000 | 0.26% |
| Walgreens Boots Alliance Inc |
No change
47,750
|
$578,000 | 0.25% |
| Ge Healthcare |
11.96%
6,543
|
$510,000 | 0.22% |
| Phinia |
Opened
12,906
|
$508,000 | 0.22% |
| Medtronic |
No change
6,400
|
$504,000 | 0.22% |
| Phinia |
Closed
11,706
|
$450,000 | |
| Western Union Company |
No change
36,487
|
$446,000 | 0.19% |
| Ecolab, Inc. |
No change
1,680
|
$400,000 | 0.17% |
| Knight-swift Transn Hldgs Inc |
No change
8,005
|
$400,000 | 0.17% |
| Costco |
No change
408
|
$347,000 | 0.15% |
| Berkshire Hathaway Inc. |
No change
700
|
$285,000 | 0.12% |
| Pfizer Inc. |
No change
8,035
|
$225,000 | 0.10% |
| Dolby |
Closed
2,525
|
$212,000 | |
| Lowes |
No change
950
|
$209,000 | 0.09% |
| Dolby Cl A |
Opened
2,525
|
$200,000 | 0.09% |
| No transactions found | |||
| Showing first 500 out of 77 holdings | |||
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