LOCUST WOOD CAPITAL ADVISERS, LLC Hedge Fund

CIK: 0001349434 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 11, 2026

Total Value ($000): $4,138,680 (100.0% shares, 0.0% debt)

Holdings (38)

New Positions (3)

META META PLATFORMS INC 1.6%

Value ($000) $64,289 Shares 97,395 Est. Cost $667.32 Unrealized 0.0%

LIN LINDE PLC 0.7%

Value ($000) $29,421 Shares 69,000 Est. Cost $371.72 Unrealized +14.9%

MSFT MICROSOFT CORP 0.4%

Value ($000) $15,476 Shares 32,000 Est. Cost $350.79 Unrealized +42.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	97,395	$64,289	1.6%	$667.32	0.0%	CL A	30303M102
LIN	LINDE PLC	69,000	$29,421	0.7%	$371.72	+14.9%	CALL	G54950103
MSFT	MICROSOFT CORP	32,000	$15,476	0.4%	$350.79	+42.7%	CALL	594918104

Increased Positions (15)

CSX CSX CORP 3.1%

Value ($000) $127,978 (+91.2%) Shares 3,530,430 (+87.3%) Est. Cost $34.76 Unrealized +2.7%

MSFT MICROSOFT CORP 6.6%

Value ($000) $271,161 (+28.1%) Shares 560,690 (+37.2%) Est. Cost $350.79 Unrealized +42.7%

V VISA INC 3.1%

Value ($000) $128,856 (+53.1%) Shares 367,413 (+49.0%) Est. Cost $254.24 Unrealized +33.9%

REZI RESIDEO TECHNOLOGIES INC 2.2%

Value ($000) $93,057 (+82.7%) Shares 2,649,691 (+124.6%) Est. Cost $34.44 Unrealized +7.5%

SHW SHERWIN WILLIAMS CO 2.1%

Value ($000) $87,357 (+83.3%) Shares 269,595 (+95.9%) Est. Cost $342.93 Unrealized -2.6%

NVDA NVIDIA CORPORATION 4.1%

Value ($000) $171,712 (+28.2%) Shares 920,707 (+28.3%) Est. Cost $139.12 Unrealized +33.8%

LIN LINDE PLC 6.8%

Value ($000) $281,236 (+15.2%) Shares 659,574 (+28.3%) Est. Cost $371.72 Unrealized +14.9%

AMZN AMAZON COM INC 6.5%

Value ($000) $268,140 (+15.5%) Shares 1,161,686 (+9.9%) Est. Cost $164.00 Unrealized +39.5%

CRM SALESFORCE INC 2.2%

Value ($000) $89,550 (+55.2%) Shares 338,038 (+38.9%) Est. Cost $231.81 Unrealized +7.1%

SPGI S&P GLOBAL INC 3.9%

Value ($000) $163,012 (+17.0%) Shares 311,932 (+9.0%) Est. Cost $417.48 Unrealized +18.4%

GEHC GE HEALTHCARE TECHNOLOGIES I 4.2%

Value ($000) $174,497 (+11.5%) Shares 2,127,495 (+2.1%) Est. Cost $79.25 Unrealized -1.7%

NOW SERVICENOW INC 1.7%

Value ($000) $68,677 (-15.8%) Shares 448,310 (+406.1%) Est. Cost $174.74 Unrealized -1.8%

ABT ABBOTT LABS 2.9%

Value ($000) $119,873 (-5.0%) Shares 956,764 (+1.5%) Est. Cost $102.71 Unrealized +23.9%

STE STERIS PLC 2.7%

Value ($000) $113,171 (+4.0%) Shares 446,401 (+1.5%) Est. Cost $208.76 Unrealized +20.3%

ESI ELEMENT SOLUTIONS INC 2.9%

Value ($000) $120,892 (+1.7%) Shares 4,837,611 (+2.4%) Est. Cost $18.00 Unrealized +44.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CSX	CSX CORP	3,530,430 (+87.3%)	$127,978 (+91.2%)	3.1%	$34.76	+2.7%	COM	126408103
MSFT	MICROSOFT CORP	560,690 (+37.2%)	$271,161 (+28.1%)	6.6%	$350.79	+42.7%	COM	594918104
V	VISA INC	367,413 (+49.0%)	$128,856 (+53.1%)	3.1%	$254.24	+33.9%	COM CL A	92826C839
REZI	RESIDEO TECHNOLOGIES INC	2,649,691 (+124.6%)	$93,057 (+82.7%)	2.2%	$34.44	+7.5%	COM	76118Y104
SHW	SHERWIN WILLIAMS CO	269,595 (+95.9%)	$87,357 (+83.3%)	2.1%	$342.93	-2.6%	COM	824348106
NVDA	NVIDIA CORPORATION	920,707 (+28.3%)	$171,712 (+28.2%)	4.1%	$139.12	+33.8%	COM	67066G104
LIN	LINDE PLC	659,574 (+28.3%)	$281,236 (+15.2%)	6.8%	$371.72	+14.9%	SHS	G54950103
AMZN	AMAZON COM INC	1,161,686 (+9.9%)	$268,140 (+15.5%)	6.5%	$164.00	+39.5%	COM	023135106
CRM	SALESFORCE INC	338,038 (+38.9%)	$89,550 (+55.2%)	2.2%	$231.81	+7.1%	COM	79466L302
SPGI	S&P GLOBAL INC	311,932 (+9.0%)	$163,012 (+17.0%)	3.9%	$417.48	+18.4%	COM	78409V104
GEHC	GE HEALTHCARE TECHNOLOGIES I	2,127,495 (+2.1%)	$174,497 (+11.5%)	4.2%	$79.25	-1.7%	COMMON STOCK	36266G107
NOW	SERVICENOW INC	448,310 (+406.1%)	$68,677 (-15.8%)	1.7%	$174.74	-1.8%	COM	81762P102
ABT	ABBOTT LABS	956,764 (+1.5%)	$119,873 (-5.0%)	2.9%	$102.71	+23.9%	COM	002824100
STE	STERIS PLC	446,401 (+1.5%)	$113,171 (+4.0%)	2.7%	$208.76	+20.3%	SHS USD	G8473T100
ESI	ELEMENT SOLUTIONS INC	4,837,611 (+2.4%)	$120,892 (+1.7%)	2.9%	$18.00	+44.0%	COM	28618M106

Exited Positions (19)

AMRZ AMRIZE LTD 0.9%

Value ($000) $36,977 Shares 761,948 Est. Cost $50.99 Unrealized +0.1%

SGU STAR GROUP L P 0.0%

Value ($000) $1,640 Shares 138,600 Est. Cost $7.98 Unrealized +48.3%

FIX COMFORT SYS USA INC 0.0%

Value ($000) $817 Shares 990 Est. Cost $402.00 Unrealized +129.6%

SEE SEALED AIR CORP NEW 0.0%

Value ($000) $789 Shares 22,315 Est. Cost $31.59 Unrealized +22.1%

GE GE AEROSPACE 0.0%

Value ($000) $748 Shares 2,485 Est. Cost $272.69 Unrealized +10.3%

URI UNITED RENTALS INC 0.0%

Value ($000) $716 Shares 750 Est. Cost $682.18 Unrealized +27.1%

EXPD EXPEDITORS INTL WASH INC 0.0%

Value ($000) $714 Shares 5,825 Est. Cost $110.87 Unrealized +22.3%

CMI CUMMINS INC 0.0%

Value ($000) $695 Shares 1,645 Est. Cost $305.67 Unrealized +52.6%

TDY TELEDYNE TECHNOLOGIES INC 0.0%

Value ($000) $689 Shares 1,175 Est. Cost $494.63 Unrealized +6.5%

CCK CROWN HLDGS INC 0.0%

Value ($000) $688 Shares 7,120 Est. Cost $99.95 Unrealized -2.6%

PKG PACKAGING CORP AMER 0.0%

Value ($000) $688 Shares 3,155 Est. Cost $221.73 Unrealized -8.7%

EMN EASTMAN CHEM CO 0.0%

Value ($000) $687 Shares 10,890 Est. Cost $68.19 Unrealized -10.6%

WTS WATTS WATER TECHNOLOGIES INC 0.0%

Value ($000) $679 Shares 2,430 Est. Cost $268.10 Unrealized +2.9%

PCAR PACCAR INC 0.0%

Value ($000) $642 Shares 6,530 Est. Cost $90.46 Unrealized +11.9%

TT TRANE TECHNOLOGIES PLC 0.0%

Value ($000) $629 Shares 1,490 Est. Cost $426.60 Unrealized -3.0%

BLD TOPBUILD CORP 0.0%

Value ($000) $620 Shares 1,585 Est. Cost $399.15 Unrealized +7.4%

BALL BALL CORP 0.0%

Value ($000) $614 Shares 12,180 Est. Cost $51.70 Unrealized -5.1%

IFF INTERNATIONAL FLAVORS&FRAGRA 0.0%

Value ($000) $604 Shares 9,815 Est. Cost $67.84 Unrealized -5.1%

GPK GRAPHIC PACKAGING HLDG CO 0.0%

Value ($000) $527 Shares 26,945 Est. Cost $23.12 Unrealized -28.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AMRZ	AMRIZE LTD	761,948	$36,977	0.9%	$50.99	+0.1%	—	H2927K103
SGU	STAR GROUP L P	138,600	$1,640	0.0%	$7.98	+48.3%	—	85512C105
FIX	COMFORT SYS USA INC	990	$817	0.0%	$402.00	+129.6%	—	199908104
SEE	SEALED AIR CORP NEW	22,315	$789	0.0%	$31.59	+22.1%	—	81211K100
GE	GE AEROSPACE	2,485	$748	0.0%	$272.69	+10.3%	—	369604301
URI	UNITED RENTALS INC	750	$716	0.0%	$682.18	+27.1%	—	911363109
EXPD	EXPEDITORS INTL WASH INC	5,825	$714	0.0%	$110.87	+22.3%	—	302130109
CMI	CUMMINS INC	1,645	$695	0.0%	$305.67	+52.6%	—	231021106
TDY	TELEDYNE TECHNOLOGIES INC	1,175	$689	0.0%	$494.63	+6.5%	—	879360105
CCK	CROWN HLDGS INC	7,120	$688	0.0%	$99.95	-2.6%	—	228368106
PKG	PACKAGING CORP AMER	3,155	$688	0.0%	$221.73	-8.7%	—	695156109
EMN	EASTMAN CHEM CO	10,890	$687	0.0%	$68.19	-10.6%	—	277432100
WTS	WATTS WATER TECHNOLOGIES INC	2,430	$679	0.0%	$268.10	+2.9%	—	942749102
PCAR	PACCAR INC	6,530	$642	0.0%	$90.46	+11.9%	—	693718108
TT	TRANE TECHNOLOGIES PLC	1,490	$629	0.0%	$426.60	-3.0%	—	G8994E103
BLD	TOPBUILD CORP	1,585	$620	0.0%	$399.15	+7.4%	—	89055F103
BALL	BALL CORP	12,180	$614	0.0%	$51.70	-5.1%	—	058498106
IFF	INTERNATIONAL FLAVORS&FRAGRA	9,815	$604	0.0%	$67.84	-5.1%	—	459506101
GPK	GRAPHIC PACKAGING HLDG CO	26,945	$527	0.0%	$23.12	-28.9%	—	388689101

Decreased Positions (14)

SPY SPDR S&P 500 ETF TR 1.7%

Value ($000) $70,579 (-77.6%) Shares 103,500 (-78.1%) Est. Cost — Unrealized —

RHLD RESOLUTE HLDGS MGMT INC 2.7%

Value ($000) $112,292 (+167.3%) Shares 543,969 (-6.6%) Est. Cost $35.66 Unrealized +314.8%

NKE NIKE INC 2.0%

Value ($000) $81,721 (-37.0%) Shares 1,282,705 (-31.1%) Est. Cost $72.37 Unrealized -10.3%

AXTA AXALTA COATING SYS LTD 1.5%

Value ($000) $64,082 (-35.5%) Shares 1,983,338 (-42.9%) Est. Cost $32.07 Unrealized -8.5%

VRT VERTIV HOLDINGS CO 3.3%

Value ($000) $137,047 (-18.9%) Shares 845,915 (-24.5%) Est. Cost $36.95 Unrealized +369.8%

GPGI COMPOSECURE INC 4.1%

Value ($000) $170,900 (-12.1%) Shares 8,864,129 (-5.1%) Est. Cost $11.37 Unrealized +75.5%

SU SUNCOR ENERGY INC NEW 1.9%

Value ($000) $79,142 (-15.9%) Shares 1,784,089 (-20.7%) Est. Cost $25.14 Unrealized +68.1%

TSM TAIWAN SEMICONDUCTOR MFG LTD 5.4%

Value ($000) $225,439 (-3.3%) Shares 741,845 (-11.1%) Est. Cost $105.76 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 0.8%

Value ($000) $34,512 (-14.9%) Shares 68,660 (-14.9%) Est. Cost $343.62 Unrealized +44.8%

WM WASTE MGMT INC DEL 2.4%

Value ($000) $98,505 (-5.3%) Shares 448,341 (-4.8%) Est. Cost $170.48 Unrealized +24.7%

APO APOLLO GLOBAL MGMT INC 1.2%

Value ($000) $48,761 (-8.8%) Shares 336,837 (-16.0%) Est. Cost $65.52 Unrealized +102.3%

AAPL APPLE INC 3.5%

Value ($000) $146,531 (+1.9%) Shares 538,995 (-4.5%) Est. Cost $170.01 Unrealized +57.8%

PCG PG&E CORP 3.3%

Value ($000) $136,717 (+0.1%) Shares 8,507,612 (-6.1%) Est. Cost $15.48 Unrealized +2.8%

GOOGL ALPHABET INC 4.4%

Value ($000) $181,858 (+0.0%) Shares 581,015 (-22.3%) Est. Cost $123.34 Unrealized +131.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	103,500 (-78.1%)	$70,579 (-77.6%)	1.7%	—	—	PUT	78462F103
RHLD	RESOLUTE HLDGS MGMT INC	543,969 (-6.6%)	$112,292 (+167.3%)	2.7%	$35.66	+314.8%	COM	76134H101
NKE	NIKE INC	1,282,705 (-31.1%)	$81,721 (-37.0%)	2.0%	$72.37	-10.3%	CL B	654106103
AXTA	AXALTA COATING SYS LTD	1,983,338 (-42.9%)	$64,082 (-35.5%)	1.5%	$32.07	-8.5%	COM	G0750C108
VRT	VERTIV HOLDINGS CO	845,915 (-24.5%)	$137,047 (-18.9%)	3.3%	$36.95	+369.8%	COM CL A	92537N108
GPGI	COMPOSECURE INC	8,864,129 (-5.1%)	$170,900 (-12.1%)	4.1%	$11.37	+75.5%	COM CL A	20459V105
SU	SUNCOR ENERGY INC NEW	1,784,089 (-20.7%)	$79,142 (-15.9%)	1.9%	$25.14	+68.1%	COM	867224107
TSM	TAIWAN SEMICONDUCTOR MFG LTD	741,845 (-11.1%)	$225,439 (-3.3%)	5.4%	$105.76	—	SPONSORED ADS	874039100
BRK/B	BERKSHIRE HATHAWAY INC DEL	68,660 (-14.9%)	$34,512 (-14.9%)	0.8%	$343.62	+44.8%	CL B NEW	084670702
WM	WASTE MGMT INC DEL	448,341 (-4.8%)	$98,505 (-5.3%)	2.4%	$170.48	+24.7%	COM	94106L109
APO	APOLLO GLOBAL MGMT INC	336,837 (-16.0%)	$48,761 (-8.8%)	1.2%	$65.52	+102.3%	COM	03769M106
AAPL	APPLE INC	538,995 (-4.5%)	$146,531 (+1.9%)	3.5%	$170.01	+57.8%	COM	037833100
PCG	PG&E CORP	8,507,612 (-6.1%)	$136,717 (+0.1%)	3.3%	$15.48	+2.8%	COM	69331C108
GOOGL	ALPHABET INC	581,015 (-22.3%)	$181,858 (+0.0%)	4.4%	$123.34	+131.6%	CAP STK CL A	02079K305

Unchanged Positions (6)

ELV ELEVANCE HEALTH INC FORMERLY 1.2%

Value ($000) $49,797 Shares 142,053 Est. Cost $404.09 Unrealized -16.7%

ABT ABBOTT LABS 0.3%

Value ($000) $14,220 Shares 113,500 Est. Cost $102.71 Unrealized +23.9%

PCG PG&E CORP 0.3%

Value ($000) $14,270 Shares 888,000 Est. Cost $15.48 Unrealized +2.8%

CP CANADIAN PACIFIC KANSAS CITY 1.6%

Value ($000) $65,407 Shares 888,326 Est. Cost $77.17 Unrealized -4.6%

CZR CAESARS ENTERTAINMENT INC NE 0.0%

Value ($000) $430 Shares 18,400 Est. Cost — Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 0.4%

Value ($000) $18,115 Shares 24 Est. Cost $165023.42 Unrealized +352.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ELV	ELEVANCE HEALTH INC FORMERLY	142,053	$49,797	1.2%	$404.09	-16.7%	COM	036752103
ABT	ABBOTT LABS	113,500	$14,220	0.3%	$102.71	+23.9%	CALL	002824100
PCG	PG&E CORP	888,000	$14,270	0.3%	$15.48	+2.8%	CALL	69331C108
CP	CANADIAN PACIFIC KANSAS CITY	888,326	$65,407	1.6%	$77.17	-4.6%	COM	13646K108
CZR	CAESARS ENTERTAINMENT INC NE	18,400	$430	0.0%	—	—	CALL	12769G100
BRK/A	BERKSHIRE HATHAWAY INC DEL	24	$18,115	0.4%	$165023.42	+352.3%	CL A	084670108