EAGLE CAPITAL MANAGEMENT LLC Diversified Active

CIK: 0000945631 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $32,110,113 (100.0% shares, 0.0% debt)

Holdings (56)

New Positions (3)

MELI MERCADOLIBRE INC 2.6%

Value ($000) $828,967 Shares 411,549 Est. Cost $2100.46 Unrealized 0.0%

VTI VANGUARD INDEX FDS 0.3%

Value ($000) $100,687 Shares 300,316 Est. Cost $335.27 Unrealized —

VOO VANGUARD INDEX FDS 0.0%

Value ($000) $3,684 Shares 5,875 Est. Cost $627.13 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MELI	MERCADOLIBRE INC	411,549	$828,967	2.6%	$2100.46	0.0%	COM	58733R102
VTI	VANGUARD INDEX FDS	300,316	$100,687	0.3%	$335.27	—	TOTAL STK MKT	922908769
VOO	VANGUARD INDEX FDS	5,875	$3,684	0.0%	$627.13	—	S&P 500 ETF SHS	922908363

Increased Positions (8)

SAP SAP SE 3.1%

Value ($000) $1,006,481 (+25.0%) Shares 4,143,430 (+37.5%) Est. Cost $167.45 Unrealized —

AMZN AMAZON COM INC 8.6%

Value ($000) $2,763,817 (+6.9%) Shares 11,973,905 (+1.7%) Est. Cost $119.87 Unrealized +90.9%

SPY SPDR S&P 500 ETF TR 0.6%

Value ($000) $178,853 (+3729.7%) Shares 262,279 (+3641.5%) Est. Cost $680.41 Unrealized —

IWD ISHARES TR 0.3%

Value ($000) $88,271 (+988.4%) Shares 419,660 (+953.4%) Est. Cost $209.70 Unrealized —

LEN LENNAR CORP 3.5%

Value ($000) $1,129,383 (-5.2%) Shares 10,986,212 (+16.2%) Est. Cost $120.29 Unrealized +0.3%

UNH UNITEDHEALTH GROUP INC 5.9%

Value ($000) $1,881,774 (+0.6%) Shares 5,700,446 (+5.3%) Est. Cost $305.69 Unrealized +10.3%

NFLX NETFLIX INC 0.0%

Value ($000) $5,886 (-22.2%) Shares 62,774 (+894.5%) Est. Cost $100.16 Unrealized +7.6%

PHM PULTE GROUP INC 0.0%

Value ($000) $15,641 (-5.4%) Shares 133,388 (+6.6%) Est. Cost $108.29 Unrealized +13.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SAP	SAP SE	4,143,430 (+37.5%)	$1,006,481 (+25.0%)	3.1%	$167.45	—	SPON ADR	803054204
AMZN	AMAZON COM INC	11,973,905 (+1.7%)	$2,763,817 (+6.9%)	8.6%	$119.87	+90.9%	COM	023135106
SPY	SPDR S&P 500 ETF TR	262,279 (+3641.5%)	$178,853 (+3729.7%)	0.6%	$680.41	—	TR UNIT	78462F103
IWD	ISHARES TR	419,660 (+953.4%)	$88,271 (+988.4%)	0.3%	$209.70	—	RUS 1000 VAL ETF	464287598
LEN	LENNAR CORP	10,986,212 (+16.2%)	$1,129,383 (-5.2%)	3.5%	$120.29	+0.3%	CL A	526057104
UNH	UNITEDHEALTH GROUP INC	5,700,446 (+5.3%)	$1,881,774 (+0.6%)	5.9%	$305.69	+10.3%	COM	91324P102
NFLX	NETFLIX INC	62,774 (+894.5%)	$5,886 (-22.2%)	0.0%	$100.16	+7.6%	COM	64110L106
PHM	PULTE GROUP INC	133,388 (+6.6%)	$15,641 (-5.4%)	0.0%	$108.29	+13.1%	COM	745867101

Exited Positions (2)

DIS DISNEY WALT CO 0.0%

Value ($000) $382 Shares 3,337 Est. Cost $119.64 Unrealized -8.5%

LYB LYONDELLBASELL INDUSTRIES N 0.0%

Value ($000) $216 Shares 4,395 Est. Cost $59.28 Unrealized -25.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DIS	DISNEY WALT CO	3,337	$382	0.0%	$119.64	-8.5%	—	254687106
LYB	LYONDELLBASELL INDUSTRIES N	4,395	$216	0.0%	$59.28	-25.0%	—	N53745100

Decreased Positions (27)

ASML ASML HOLDING N V 2.8%

Value ($000) $893,422 (-40.3%) Shares 835,083 (-46.0%) Est. Cost $835.96 Unrealized —

AA ALCOA CORP 2.6%

Value ($000) $847,550 (+57.2%) Shares 15,949,384 (-2.7%) Est. Cost $38.01 Unrealized +7.5%

META META PLATFORMS INC 2.5%

Value ($000) $798,954 (-23.7%) Shares 1,210,372 (-15.1%) Est. Cost $196.66 Unrealized +239.3%

WDAY WORKDAY INC 5.1%

Value ($000) $1,627,038 (-11.8%) Shares 7,575,368 (-1.2%) Est. Cost $240.78 Unrealized -5.6%

WWD WOODWARD INC 4.1%

Value ($000) $1,303,723 (+18.0%) Shares 4,312,395 (-1.4%) Est. Cost $121.26 Unrealized +126.6%

HUM HUMANA INC 2.6%

Value ($000) $833,549 (-19.2%) Shares 3,254,398 (-17.9%) Est. Cost $319.79 Unrealized -18.3%

COF CAPITAL ONE FINL CORP 5.1%

Value ($000) $1,627,712 (+12.4%) Shares 6,716,093 (-1.4%) Est. Cost $102.14 Unrealized +117.5%

MSFT MICROSOFT CORP 5.9%

Value ($000) $1,882,843 (-8.1%) Shares 3,893,229 (-1.5%) Est. Cost $94.82 Unrealized +427.9%

SHEL SHELL PLC 1.8%

Value ($000) $571,498 (-22.0%) Shares 7,777,595 (-24.0%) Est. Cost $59.36 Unrealized —

CMCSA COMCAST CORP NEW 3.7%

Value ($000) $1,192,919 (-10.7%) Shares 39,910,299 (-6.2%) Est. Cost $35.12 Unrealized -18.8%

EL LAUDER ESTEE COS INC 2.8%

Value ($000) $914,157 (+15.7%) Shares 8,729,535 (-2.7%) Est. Cost $72.64 Unrealized +33.3%

LBRDK LIBERTY BROADBAND CORP 1.0%

Value ($000) $308,887 (-25.9%) Shares 6,355,692 (-3.2%) Est. Cost $96.45 Unrealized -46.1%

TSM TAIWAN SEMICONDUCTOR MFG LTD 4.7%

Value ($000) $1,507,387 (+7.1%) Shares 4,960,306 (-1.5%) Est. Cost $106.41 Unrealized —

PTC PTC INC 1.3%

Value ($000) $430,286 (-15.1%) Shares 2,469,928 (-1.1%) Est. Cost $169.34 Unrealized +9.7%

AER AERCAP HOLDINGS NV 4.6%

Value ($000) $1,462,025 (+3.8%) Shares 10,169,902 (-12.6%) Est. Cost $59.54 Unrealized +122.4%

COP CONOCOPHILLIPS 5.8%

Value ($000) $1,857,263 (-2.4%) Shares 19,840,430 (-1.4%) Est. Cost $97.13 Unrealized -7.3%

HLT HILTON WORLDWIDE HLDGS INC 1.6%

Value ($000) $523,709 (+9.0%) Shares 1,823,181 (-1.6%) Est. Cost $83.12 Unrealized +227.5%

CHTR CHARTER COMMUNICATIONS INC N 0.1%

Value ($000) $34,757 (-38.1%) Shares 166,502 (-18.4%) Est. Cost $324.97 Unrealized -30.8%

ELV ELEVANCE HEALTH INC FORMERLY 1.6%

Value ($000) $527,245 (+3.8%) Shares 1,504,051 (-4.3%) Est. Cost $363.07 Unrealized -7.3%

VMC VULCAN MATLS CO 0.6%

Value ($000) $201,341 (-8.6%) Shares 705,914 (-1.4%) Est. Cost $252.37 Unrealized +16.2%

LBRDA LIBERTY BROADBAND CORP 0.0%

Value ($000) $13,213 (-38.1%) Shares 273,682 (-18.8%) Est. Cost $70.79 Unrealized -26.8%

MLM MARTIN MARIETTA MATLS INC 0.6%

Value ($000) $199,720 (-3.6%) Shares 320,754 (-2.4%) Est. Cost $505.20 Unrealized +23.0%

GOOGL ALPHABET INC 0.9%

Value ($000) $281,376 (+2.1%) Shares 898,964 (-20.7%) Est. Cost $123.35 Unrealized +131.5%

GOOG ALPHABET INC 4.7%

Value ($000) $1,494,627 (+0.1%) Shares 4,762,992 (-22.3%) Est. Cost $107.03 Unrealized +167.5%

GEV GE VERNOVA INC 0.1%

Value ($000) $18,246 (+4.2%) Shares 27,917 (-2.0%) Est. Cost $158.10 Unrealized +285.2%

GS GOLDMAN SACHS GROUP INC 0.0%

Value ($000) $6,143 (+7.2%) Shares 6,989 (-2.8%) Est. Cost $167.74 Unrealized +384.9%

JPM JPMORGAN CHASE & CO. 0.0%

Value ($000) $357 (-11.0%) Shares 1,109 (-12.9%) Est. Cost $138.85 Unrealized +122.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ASML	ASML HOLDING N V	835,083 (-46.0%)	$893,422 (-40.3%)	2.8%	$835.96	—	N Y REGISTRY SHS	N07059210
AA	ALCOA CORP	15,949,384 (-2.7%)	$847,550 (+57.2%)	2.6%	$38.01	+7.5%	COM	013872106
META	META PLATFORMS INC	1,210,372 (-15.1%)	$798,954 (-23.7%)	2.5%	$196.66	+239.3%	CL A	30303M102
WDAY	WORKDAY INC	7,575,368 (-1.2%)	$1,627,038 (-11.8%)	5.1%	$240.78	-5.6%	CL A	98138H101
WWD	WOODWARD INC	4,312,395 (-1.4%)	$1,303,723 (+18.0%)	4.1%	$121.26	+126.6%	COM	980745103
HUM	HUMANA INC	3,254,398 (-17.9%)	$833,549 (-19.2%)	2.6%	$319.79	-18.3%	COM	444859102
COF	CAPITAL ONE FINL CORP	6,716,093 (-1.4%)	$1,627,712 (+12.4%)	5.1%	$102.14	+117.5%	COM	14040H105
MSFT	MICROSOFT CORP	3,893,229 (-1.5%)	$1,882,843 (-8.1%)	5.9%	$94.82	+427.9%	COM	594918104
SHEL	SHELL PLC	7,777,595 (-24.0%)	$571,498 (-22.0%)	1.8%	$59.36	—	SPON ADS	780259305
CMCSA	COMCAST CORP NEW	39,910,299 (-6.2%)	$1,192,919 (-10.7%)	3.7%	$35.12	-18.8%	CL A	20030N101
EL	LAUDER ESTEE COS INC	8,729,535 (-2.7%)	$914,157 (+15.7%)	2.8%	$72.64	+33.3%	CL A	518439104
LBRDK	LIBERTY BROADBAND CORP	6,355,692 (-3.2%)	$308,887 (-25.9%)	1.0%	$96.45	-46.1%	COM SER C	530307305
TSM	TAIWAN SEMICONDUCTOR MFG LTD	4,960,306 (-1.5%)	$1,507,387 (+7.1%)	4.7%	$106.41	—	SPONSORED ADS	874039100
PTC	PTC INC	2,469,928 (-1.1%)	$430,286 (-15.1%)	1.3%	$169.34	+9.7%	COM	69370C100
AER	AERCAP HOLDINGS NV	10,169,902 (-12.6%)	$1,462,025 (+3.8%)	4.6%	$59.54	+122.4%	SHS	N00985106
COP	CONOCOPHILLIPS	19,840,430 (-1.4%)	$1,857,263 (-2.4%)	5.8%	$97.13	-7.3%	COM	20825C104
HLT	HILTON WORLDWIDE HLDGS INC	1,823,181 (-1.6%)	$523,709 (+9.0%)	1.6%	$83.12	+227.5%	COM	43300A203
CHTR	CHARTER COMMUNICATIONS INC N	166,502 (-18.4%)	$34,757 (-38.1%)	0.1%	$324.97	-30.8%	CL A	16119P108
ELV	ELEVANCE HEALTH INC FORMERLY	1,504,051 (-4.3%)	$527,245 (+3.8%)	1.6%	$363.07	-7.3%	COM	036752103
VMC	VULCAN MATLS CO	705,914 (-1.4%)	$201,341 (-8.6%)	0.6%	$252.37	+16.2%	COM	929160109
LBRDA	LIBERTY BROADBAND CORP	273,682 (-18.8%)	$13,213 (-38.1%)	0.0%	$70.79	-26.8%	COM SER A	530307107
MLM	MARTIN MARIETTA MATLS INC	320,754 (-2.4%)	$199,720 (-3.6%)	0.6%	$505.20	+23.0%	COM	573284106
GOOGL	ALPHABET INC	898,964 (-20.7%)	$281,376 (+2.1%)	0.9%	$123.35	+131.5%	CAP STK CL A	02079K305
GOOG	ALPHABET INC	4,762,992 (-22.3%)	$1,494,627 (+0.1%)	4.7%	$107.03	+167.5%	CAP STK CL C	02079K107
GEV	GE VERNOVA INC	27,917 (-2.0%)	$18,246 (+4.2%)	0.1%	$158.10	+285.2%	COM	36828A101
GS	GOLDMAN SACHS GROUP INC	6,989 (-2.8%)	$6,143 (+7.2%)	0.0%	$167.74	+384.9%	COM	38141G104
JPM	JPMORGAN CHASE & CO.	1,109 (-12.9%)	$357 (-11.0%)	0.0%	$138.85	+122.9%	COM	46625H100

Unchanged Positions (18)

DHR DANAHER CORPORATION 4.4%

Value ($000) $1,410,269 Shares 6,160,531 Est. Cost $195.89 Unrealized +12.1%

INTU INTUIT 1.1%

Value ($000) $356,963 Shares 538,877 Est. Cost $605.25 Unrealized +9.2%

AON AON PLC 2.5%

Value ($000) $800,831 Shares 2,269,414 Est. Cost $253.69 Unrealized +37.6%

ORCL ORACLE CORP 0.0%

Value ($000) $3,898 Shares 20,000 Est. Cost $28.25 Unrealized +742.7%

MS MORGAN STANLEY 0.0%

Value ($000) $14,129 Shares 79,588 Est. Cost $39.92 Unrealized +317.0%

MAR MARRIOTT INTL INC NEW 0.0%

Value ($000) $5,836 Shares 18,811 Est. Cost $91.85 Unrealized +210.6%

WFC WELLS FARGO CO NEW 0.0%

Value ($000) $8,973 Shares 96,277 Est. Cost $36.53 Unrealized +137.1%

SATS ECHOSTAR CORP 0.0%

Value ($000) $2,705 Shares 24,887 Est. Cost $13.94 Unrealized +484.1%

WRB BERKLEY W R CORP 0.0%

Value ($000) $8,663 Shares 123,547 Est. Cost $34.21 Unrealized +112.7%

C CITIGROUP INC 0.0%

Value ($000) $4,793 Shares 41,076 Est. Cost $41.36 Unrealized +150.6%

BIL SPDR SERIES TRUST 0.3%

Value ($000) $80,504 Shares 880,977 Est. Cost $91.73 Unrealized —

ECL ECOLAB INC 0.0%

Value ($000) $5,899 Shares 22,471 Est. Cost $93.76 Unrealized +183.4%

GE GE AEROSPACE 0.0%

Value ($000) $12,598 Shares 40,898 Est. Cost $64.99 Unrealized +362.8%

GEHC GE HEALTHCARE TECHNOLOGIES I 0.0%

Value ($000) $989 Shares 12,056 Est. Cost $71.08 Unrealized +9.6%

TRV TRAVELERS COMPANIES INC 0.0%

Value ($000) $2,001 Shares 6,900 Est. Cost $63.44 Unrealized +342.3%

IBM INTERNATIONAL BUSINESS MACHS 0.0%

Value ($000) $800 Shares 2,700 Est. Cost $118.94 Unrealized +151.2%

V VISA INC 0.0%

Value ($000) $1,325 Shares 3,777 Est. Cost $235.93 Unrealized +44.3%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.1%

Value ($000) $25,545 Shares 50,820 Est. Cost $133.05 Unrealized +273.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DHR	DANAHER CORPORATION	6,160,531	$1,410,269	4.4%	$195.89	+12.1%	COM	235851102
INTU	INTUIT	538,877	$356,963	1.1%	$605.25	+9.2%	COM	461202103
AON	AON PLC	2,269,414	$800,831	2.5%	$253.69	+37.6%	SHS CL A	G0403H108
ORCL	ORACLE CORP	20,000	$3,898	0.0%	$28.25	+742.7%	COM	68389X105
MS	MORGAN STANLEY	79,588	$14,129	0.0%	$39.92	+317.0%	COM NEW	617446448
MAR	MARRIOTT INTL INC NEW	18,811	$5,836	0.0%	$91.85	+210.6%	CL A	571903202
WFC	WELLS FARGO CO NEW	96,277	$8,973	0.0%	$36.53	+137.1%	COM	949746101
SATS	ECHOSTAR CORP	24,887	$2,705	0.0%	$13.94	+484.1%	CL A	278768106
WRB	BERKLEY W R CORP	123,547	$8,663	0.0%	$34.21	+112.7%	COM	084423102
C	CITIGROUP INC	41,076	$4,793	0.0%	$41.36	+150.6%	COM NEW	172967424
BIL	SPDR SERIES TRUST	880,977	$80,504	0.3%	$91.73	—	STATE STREET SPD	78468R663
ECL	ECOLAB INC	22,471	$5,899	0.0%	$93.76	+183.4%	COM	278865100
GE	GE AEROSPACE	40,898	$12,598	0.0%	$64.99	+362.8%	COM NEW	369604301
GEHC	GE HEALTHCARE TECHNOLOGIES I	12,056	$989	0.0%	$71.08	+9.6%	COMMON STOCK	36266G107
TRV	TRAVELERS COMPANIES INC	6,900	$2,001	0.0%	$63.44	+342.3%	COM	89417E109
IBM	INTERNATIONAL BUSINESS MACHS	2,700	$800	0.0%	$118.94	+151.2%	COM	459200101
V	VISA INC	3,777	$1,325	0.0%	$235.93	+44.3%	COM CL A	92826C839
BRK/B	BERKSHIRE HATHAWAY INC DEL	50,820	$25,545	0.1%	$133.05	+273.9%	CL B NEW	084670702