Venator Management LLC Diversified Active

Location: PITTSBURGH, PA

CIK: 0001838211 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 14, 2026

Total Value ($000): $415,877 (100.0% shares, 0.0% debt)

Holdings (28)

New Positions (4)

INTU Intuit Inc. 4.0%

Value ($000) $16,835 Shares 38,936 Est. Cost $497.56 Unrealized 0.0%

ABNB Airbnb, Inc. 0.3%

Value ($000) $1,263 Shares 10,000 Est. Cost $129.40 Unrealized 0.0%

SPGI S&P Global Inc. 0.3%

Value ($000) $1,063 Shares 2,500 Est. Cost $485.25 Unrealized 0.0%

BRO Brown & Brown, Inc. 0.1%

Value ($000) $209 Shares 3,200 Est. Cost $74.19 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
INTU	Intuit Inc.	38,936	$16,835	4.0%	$497.56	0.0%	Com	461202103
ABNB	Airbnb, Inc.	10,000	$1,263	0.3%	$129.40	0.0%	Com	009066101
SPGI	S&P Global Inc.	2,500	$1,063	0.3%	$485.25	0.0%	Com	78409V104
BRO	Brown & Brown, Inc.	3,200	$209	0.1%	$74.19	0.0%	Com	115236101

Increased Positions (8)

NFLX Netflix Inc. 8.9%

Value ($000) $37,164 (+46.4%) Shares 386,525 (+42.8%) Est. Cost $95.72 Unrealized -12.4%

FISV Fiserv, Inc. 2.2%

Value ($000) $9,093 (+79.6%) Shares 162,965 (+116.2%) Est. Cost $73.16 Unrealized -12.6%

COF Capital One Financial 3.3%

Value ($000) $13,863 (-13.8%) Shares 75,990 (+14.5%) Est. Cost $140.33 Unrealized +59.1%

V Visa Inc. 10.8%

Value ($000) $45,069 (+3.6%) Shares 149,115 (+20.2%) Est. Cost $253.79 Unrealized +29.7%

TTAM Titan America SA 1.9%

Value ($000) $8,022 (-6.8%) Shares 535,510 (+2.5%) Est. Cost $14.26 Unrealized +25.5%

DECK Deckers Outdoor Corp 0.5%

Value ($000) $2,252 (+8.6%) Shares 22,500 (+12.5%) Est. Cost $95.49 Unrealized +14.7%

— Wells Fargo Perp Pfd Cnv A 0.2%

Value ($000) $635 (+16.5%) Shares 550 (+22.2%) Est. Cost $1201.64 Unrealized —

MRSH Marsh & McLennan Companies, 0.1%

Value ($000) $520 (+3.9%) Shares 3,000 (+11.1%) Est. Cost $185.93 Unrealized -2.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
NFLX	Netflix Inc.	386,525 (+42.8%)	$37,164 (+46.4%)	8.9%	$95.72	-12.4%	Com	64110L106
FISV	Fiserv, Inc.	162,965 (+116.2%)	$9,093 (+79.6%)	2.2%	$73.16	-12.6%	Com	337738108
COF	Capital One Financial	75,990 (+14.5%)	$13,863 (-13.8%)	3.3%	$140.33	+59.1%	Com	14040H105
V	Visa Inc.	149,115 (+20.2%)	$45,069 (+3.6%)	10.8%	$253.79	+29.7%	Com	92826C839
TTAM	Titan America SA	535,510 (+2.5%)	$8,022 (-6.8%)	1.9%	$14.26	+25.5%	Com	B9151N105
DECK	Deckers Outdoor Corp	22,500 (+12.5%)	$2,252 (+8.6%)	0.5%	$95.49	+14.7%	Com	243537107
—	Wells Fargo Perp Pfd Cnv A	550 (+22.2%)	$635 (+16.5%)	0.2%	$1201.64	—	Com	949746804
MRSH	Marsh & McLennan Companies,	3,000 (+11.1%)	$520 (+3.9%)	0.1%	$185.93	-2.5%	Com	571748102

Exited Positions (3)

SATS EchoStar Corp. 0.8%

Value ($000) $3,370 Shares 31,000 Est. Cost $51.23 Unrealized +127.1%

EADSY Airbus Group ADR 0.1%

Value ($000) $539 Shares 9,300 Est. Cost $37.15 Unrealized —

PGR The Progressive Corporation 0.1%

Value ($000) $273 Shares 1,200 Est. Cost $212.34 Unrealized -2.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SATS	EchoStar Corp.	31,000	$3,370	0.8%	$51.23	+127.1%	—	278768106
EADSY	Airbus Group ADR	9,300	$539	0.1%	$37.15	—	—	009279100
PGR	The Progressive Corporation	1,200	$273	0.1%	$212.34	-2.7%	—	743315103

Decreased Positions (11)

META Meta Platforms Inc. 4.1%

Value ($000) $16,849 (-49.3%) Shares 29,450 (-41.5%) Est. Cost $276.16 Unrealized +137.4%

GOOGL Alphabet Inc. - Class A 9.7%

Value ($000) $40,490 (-10.7%) Shares 140,804 (-2.8%) Est. Cost $113.21 Unrealized +185.6%

UBER Uber Technologies Inc. 5.8%

Value ($000) $24,325 (-15.7%) Shares 338,180 (-4.2%) Est. Cost $43.76 Unrealized +79.9%

ELV Elevance Health, Inc. 1.4%

Value ($000) $6,026 (-37.8%) Shares 20,585 (-25.5%) Est. Cost $308.14 Unrealized +14.1%

CZR Caesars Entertainment Inc. 0.6%

Value ($000) $2,345 (-57.2%) Shares 88,725 (-62.1%) Est. Cost $39.85 Unrealized -44.8%

JPM JP Morgan Chase & Co. 3.6%

Value ($000) $14,771 (-17.3%) Shares 50,215 (-9.5%) Est. Cost $98.47 Unrealized +216.2%

FCNCA First Citizens BancShares, I 0.3%

Value ($000) $1,293 (-68.6%) Shares 686 (-64.3%) Est. Cost $1809.21 Unrealized +15.7%

NVR NVR Inc. 4.6%

Value ($000) $19,058 (-10.6%) Shares 2,892 (-1.1%) Est. Cost $5011.17 Unrealized +52.1%

UNH United Health Group Inc. 1.5%

Value ($000) $6,194 (-23.6%) Shares 22,890 (-6.8%) Est. Cost $317.88 Unrealized -2.9%

SBUX Starbucks Corp. 1.8%

Value ($000) $7,501 (-16.3%) Shares 83,725 (-21.4%) Est. Cost $84.81 Unrealized +10.4%

TMUS T-Mobile US Inc. 0.2%

Value ($000) $966 (-8.5%) Shares 4,600 (-11.5%) Est. Cost $122.77 Unrealized +63.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	Meta Platforms Inc.	29,450 (-41.5%)	$16,849 (-49.3%)	4.1%	$276.16	+137.4%	Com	30303M102
GOOGL	Alphabet Inc. - Class A	140,804 (-2.8%)	$40,490 (-10.7%)	9.7%	$113.21	+185.6%	Com	02079K305
UBER	Uber Technologies Inc.	338,180 (-4.2%)	$24,325 (-15.7%)	5.8%	$43.76	+79.9%	Com	90353T100
ELV	Elevance Health, Inc.	20,585 (-25.5%)	$6,026 (-37.8%)	1.4%	$308.14	+14.1%	Com	036752103
CZR	Caesars Entertainment Inc.	88,725 (-62.1%)	$2,345 (-57.2%)	0.6%	$39.85	-44.8%	Com	12769G100
JPM	JP Morgan Chase & Co.	50,215 (-9.5%)	$14,771 (-17.3%)	3.6%	$98.47	+216.2%	Com	46625H100
FCNCA	First Citizens BancShares, I	686 (-64.3%)	$1,293 (-68.6%)	0.3%	$1809.21	+15.7%	Com	31946M103
NVR	NVR Inc.	2,892 (-1.1%)	$19,058 (-10.6%)	4.6%	$5011.17	+52.1%	Com	62944T105
UNH	United Health Group Inc.	22,890 (-6.8%)	$6,194 (-23.6%)	1.5%	$317.88	-2.9%	Com	91324P102
SBUX	Starbucks Corp.	83,725 (-21.4%)	$7,501 (-16.3%)	1.8%	$84.81	+10.4%	Com	855244109
TMUS	T-Mobile US Inc.	4,600 (-11.5%)	$966 (-8.5%)	0.2%	$122.77	+63.1%	Com	872590104

Unchanged Positions (5)

GOOG Alphabet Inc. - Class C 15.5%

Value ($000) $64,440 Shares 224,640 Est. Cost $108.92 Unrealized +197.2%

AMZN Amazon.com 11.7%

Value ($000) $48,565 Shares 233,182 Est. Cost $142.22 Unrealized +59.5%

BWIN The Baldwin Insurance Group, 4.1%

Value ($000) $16,967 Shares 773,345 Est. Cost $29.07 Unrealized -25.6%

BRK/B Berkshire Hathaway Inc. Clas 2.1%

Value ($000) $8,662 Shares 18,075 Est. Cost $221.58 Unrealized +122.7%

BRK/A Berkshire Hathaway Inc. Clas 0.3%

Value ($000) $1,436 Shares 2 Est. Cost $729330.75 Unrealized +1.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	Alphabet Inc. - Class C	224,640	$64,440	15.5%	$108.92	+197.2%	Com	02079K107
AMZN	Amazon.com	233,182	$48,565	11.7%	$142.22	+59.5%	Com	023135106
BWIN	The Baldwin Insurance Group,	773,345	$16,967	4.1%	$29.07	-25.6%	Com	05589G102
BRK/B	Berkshire Hathaway Inc. Clas	18,075	$8,662	2.1%	$221.58	+122.7%	Com	084670702
BRK/A	Berkshire Hathaway Inc. Clas	2	$1,436	0.3%	$729330.75	+1.5%	Com	084670108