ACADEMY CAPITAL MANAGEMENT Long-Term Concentrated

Location: WACO, TX

CIK: 0001031972 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 14, 2026

Total Value ($000): $699,417 (100.0% shares, 0.0% debt)

Holdings (37)

New Positions (3)

ADYEY ADYEN NV 1.8%

Value ($000) $12,616 Shares 1,265,437 Est. Cost $9.97 Unrealized —

HBAN HUNT BANCSHARES 0.1%

Value ($000) $811 Shares 51,851 Est. Cost $17.89 Unrealized 0.0%

F FORD MOTOR CO 0.0%

Value ($000) $18 Shares 1,551 Est. Cost $13.74 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ADYEY	ADYEN NV	1,265,437	$12,616	1.8%	$9.97	—	com	00783V104
HBAN	HUNT BANCSHARES	51,851	$811	0.1%	$17.89	0.0%	com	446150104
F	FORD MOTOR CO	1,551	$18	0.0%	$13.74	0.0%	com	345370860

Increased Positions (4)

— POOL CORP 3.6%

Value ($000) $24,919 (+63.1%) Shares 123,159 (+84.3%) Est. Cost $240.26 Unrealized —

NVO NOVO NORDISK 3.8%

Value ($000) $26,432 (+42.0%) Shares 719,230 (+96.6%) Est. Cost $56.91 Unrealized —

— SP GLOBAL INC 2.5%

Value ($000) $17,503 (+71.5%) Shares 41,151 (+110.7%) Est. Cost $435.80 Unrealized —

— VISA INC CLASS A 0.1%

Value ($000) $756 (+2.9%) Shares 2,502 (+19.4%) Est. Cost $315.28 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	POOL CORP	123,159 (+84.3%)	$24,919 (+63.1%)	3.6%	$240.26	—	com	73278l105
NVO	NOVO NORDISK	719,230 (+96.6%)	$26,432 (+42.0%)	3.8%	$56.91	—	com	670100205
—	SP GLOBAL INC	41,151 (+110.7%)	$17,503 (+71.5%)	2.5%	$435.80	—	com	78409v104
—	VISA INC CLASS A	2,502 (+19.4%)	$756 (+2.9%)	0.1%	$315.28	—	com	92826c839

Exited Positions (7)

— CME GRP INC 0.5%

Value ($000) $3,265 Shares 11,955 Est. Cost $210.60 Unrealized —

— CADENCE BK 0.1%

Value ($000) $897 Shares 20,950 Est. Cost $31.98 Unrealized —

— TESLA MOTORS 0.0%

Value ($000) $284 Shares 631 Est. Cost $272.54 Unrealized —

LUV SOUTHWEST AIR 0.0%

Value ($000) $270 Shares 6,521 Est. Cost $31.07 Unrealized +52.4%

EMR EMERSON ELECTRIC 0.0%

Value ($000) $217 Shares 1,636 Est. Cost $113.54 Unrealized +30.8%

APD AIR PROD & CHEM 0.0%

Value ($000) $209 Shares 845 Est. Cost $304.00 Unrealized -10.7%

PFE PFIZER INC 0.0%

Value ($000) $51 Shares 2,050 Est. Cost $25.03 Unrealized +4.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	CME GRP INC	11,955	$3,265	0.5%	$210.60	—	—	12572q105
—	CADENCE BK	20,950	$897	0.1%	$31.98	—	—	12740c103
—	TESLA MOTORS	631	$284	0.0%	$272.54	—	—	88160r101
LUV	SOUTHWEST AIR	6,521	$270	0.0%	$31.07	+52.4%	—	844741108
EMR	EMERSON ELECTRIC	1,636	$217	0.0%	$113.54	+30.8%	—	291011104
APD	AIR PROD & CHEM	845	$209	0.0%	$304.00	-10.7%	—	009158106
PFE	PFIZER INC	2,050	$51	0.0%	$25.03	+4.6%	—	717081103

Decreased Positions (22)

MSFT MICROSOFT CORP 6.7%

Value ($000) $47,153 (-25.8%) Shares 127,382 (-3.0%) Est. Cost $272.43 Unrealized +59.5%

— META PLATFORMS 7.2%

Value ($000) $50,222 (-16.0%) Shares 87,781 (-3.1%) Est. Cost $360.87 Unrealized —

— MASTERCARD INC 7.0%

Value ($000) $49,202 (-15.3%) Shares 98,471 (-3.2%) Est. Cost $426.51 Unrealized —

AAPL APPLE INC 10.0%

Value ($000) $70,117 (-10.0%) Shares 276,278 (-3.6%) Est. Cost $143.79 Unrealized +82.8%

AMZN AMAZON.COM INC 7.7%

Value ($000) $53,553 (-12.6%) Shares 257,131 (-3.1%) Est. Cost $120.36 Unrealized +88.5%

— ALPHABET C 8.2%

Value ($000) $57,578 (-11.7%) Shares 200,718 (-3.4%) Est. Cost $140.93 Unrealized —

LVMUY LVMH MOET 1.6%

Value ($000) $11,303 (-34.8%) Shares 103,466 (-10.0%) Est. Cost $122.40 Unrealized —

— ALPHABET A 6.7%

Value ($000) $46,667 (-11.3%) Shares 162,287 (-3.4%) Est. Cost $139.69 Unrealized —

— UNITEDHEALTH 3.3%

Value ($000) $22,953 (-19.2%) Shares 84,827 (-1.4%) Est. Cost $312.47 Unrealized —

— IDEXX LABS INC 2.8%

Value ($000) $19,284 (-19.1%) Shares 34,319 (-2.6%) Est. Cost $548.33 Unrealized —

BRK/B BERKSHIRE B 7.2%

Value ($000) $50,398 (-7.3%) Shares 105,172 (-2.7%) Est. Cost $212.20 Unrealized +132.5%

TSM TAIWAN SEMI 7.3%

Value ($000) $50,728 (+8.2%) Shares 150,105 (-2.7%) Est. Cost $133.27 Unrealized —

— ZOETIS INC CLASS 3.9%

Value ($000) $26,991 (-8.5%) Shares 228,330 (-2.6%) Est. Cost $133.53 Unrealized —

— PRIMERICA INC 4.7%

Value ($000) $32,534 (-4.8%) Shares 129,888 (-1.8%) Est. Cost $99.63 Unrealized —

PEP PEPSICO INC 0.1%

Value ($000) $696 (-64.0%) Shares 4,481 (-66.7%) Est. Cost $87.15 Unrealized +77.6%

— ALIBABA GRP 0.5%

Value ($000) $3,216 (-22.3%) Shares 25,633 (-9.2%) Est. Cost $78.94 Unrealized —

C CITIGRP INC 0.9%

Value ($000) $6,351 (-12.3%) Shares 56,000 (-9.8%) Est. Cost $59.19 Unrealized +96.3%

STEL STELLAR BANCORP 0.0%

Value ($000) $257 (-76.0%) Shares 7,033 (-79.7%) Est. Cost $30.96 Unrealized +14.9%

NSRGY NESTLE ADR 0.4%

Value ($000) $3,025 (-10.0%) Shares 30,523 (-10.3%) Est. Cost $80.94 Unrealized —

TRV TRAVELERS COMP 0.4%

Value ($000) $2,805 (-8.9%) Shares 9,617 (-9.4%) Est. Cost $211.74 Unrealized +36.3%

CVX CHEVRON CORP 0.1%

Value ($000) $361 (-20.4%) Shares 1,745 (-41.3%) Est. Cost $145.50 Unrealized +18.1%

— MERCK & CO. INC. 0.0%

Value ($000) $297 (+11.8%) Shares 2,469 (-2.2%) Est. Cost $99.48 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	127,382 (-3.0%)	$47,153 (-25.8%)	6.7%	$272.43	+59.5%	com	594918104
—	META PLATFORMS	87,781 (-3.1%)	$50,222 (-16.0%)	7.2%	$360.87	—	com	30303m102
—	MASTERCARD INC	98,471 (-3.2%)	$49,202 (-15.3%)	7.0%	$426.51	—	com	57636q104
AAPL	APPLE INC	276,278 (-3.6%)	$70,117 (-10.0%)	10.0%	$143.79	+82.8%	com	037833100
AMZN	AMAZON.COM INC	257,131 (-3.1%)	$53,553 (-12.6%)	7.7%	$120.36	+88.5%	com	023135106
—	ALPHABET C	200,718 (-3.4%)	$57,578 (-11.7%)	8.2%	$140.93	—	com	02079k107
LVMUY	LVMH MOET	103,466 (-10.0%)	$11,303 (-34.8%)	1.6%	$122.40	—	com	502441306
—	ALPHABET A	162,287 (-3.4%)	$46,667 (-11.3%)	6.7%	$139.69	—	com	02079k305
—	UNITEDHEALTH	84,827 (-1.4%)	$22,953 (-19.2%)	3.3%	$312.47	—	com	91324p102
—	IDEXX LABS INC	34,319 (-2.6%)	$19,284 (-19.1%)	2.8%	$548.33	—	com	45168d104
BRK/B	BERKSHIRE B	105,172 (-2.7%)	$50,398 (-7.3%)	7.2%	$212.20	+132.5%	com	084670702
TSM	TAIWAN SEMI	150,105 (-2.7%)	$50,728 (+8.2%)	7.3%	$133.27	—	com	874039100
—	ZOETIS INC CLASS	228,330 (-2.6%)	$26,991 (-8.5%)	3.9%	$133.53	—	com	98978v103
—	PRIMERICA INC	129,888 (-1.8%)	$32,534 (-4.8%)	4.7%	$99.63	—	com	74164m108
PEP	PEPSICO INC	4,481 (-66.7%)	$696 (-64.0%)	0.1%	$87.15	+77.6%	com	713448108
—	ALIBABA GRP	25,633 (-9.2%)	$3,216 (-22.3%)	0.5%	$78.94	—	com	01609w102
C	CITIGRP INC	56,000 (-9.8%)	$6,351 (-12.3%)	0.9%	$59.19	+96.3%	com	172967424
STEL	STELLAR BANCORP	7,033 (-79.7%)	$257 (-76.0%)	0.0%	$30.96	+14.9%	com	858927106
NSRGY	NESTLE ADR	30,523 (-10.3%)	$3,025 (-10.0%)	0.4%	$80.94	—	com	641069406
TRV	TRAVELERS COMP	9,617 (-9.4%)	$2,805 (-8.9%)	0.4%	$211.74	+36.3%	com	89417E109
CVX	CHEVRON CORP	1,745 (-41.3%)	$361 (-20.4%)	0.1%	$145.50	+18.1%	com	166764100
—	MERCK & CO. INC.	2,469 (-2.2%)	$297 (+11.8%)	0.0%	$99.48	—	com	58933y105

Unchanged Positions (8)

— EXXON MOBIL 1.1%

Value ($000) $7,700 Shares 45,384 Est. Cost $110.14 Unrealized —

GLW CORNING INC 0.1%

Value ($000) $709 Shares 5,215 Est. Cost $46.35 Unrealized +141.0%

— NEXTERA ENGY 0.1%

Value ($000) $652 Shares 7,016 Est. Cost $77.26 Unrealized —

JNJ J&J 0.1%

Value ($000) $446 Shares 1,823 Est. Cost $149.59 Unrealized +52.3%

BHC BAUSCH HEALTH 0.0%

Value ($000) $228 Shares 42,288 Est. Cost $21.68 Unrealized -70.4%

— RTX CORP 0.1%

Value ($000) $377 Shares 1,956 Est. Cost $115.72 Unrealized —

— NETFLIX INC 0.1%

Value ($000) $558 Shares 5,800 Est. Cost $133.07 Unrealized —

— PROVECTUS BIO 0.0%

Value ($000) $1 Shares 20,000 Est. Cost $0.10 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	EXXON MOBIL	45,384	$7,700	1.1%	$110.14	—	com	30231g102
GLW	CORNING INC	5,215	$709	0.1%	$46.35	+141.0%	com	219350105
—	NEXTERA ENGY	7,016	$652	0.1%	$77.26	—	com	65339f101
JNJ	J&J	1,823	$446	0.1%	$149.59	+52.3%	com	478160104
BHC	BAUSCH HEALTH	42,288	$228	0.0%	$21.68	-70.4%	com	071734107
—	RTX CORP	1,956	$377	0.1%	$115.72	—	com	75513e101
—	NETFLIX INC	5,800	$558	0.1%	$133.07	—	com	64110l106
—	PROVECTUS BIO	20,000	$1	0.0%	$0.10	—	com	74373p108