Chapman Investment Management, LLC Long-Term Concentrated

CIK: 0001751006 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 4, 2026

Total Value ($000): $136,690 (100.0% shares, 0.0% debt)

Holdings (27)

Increased Positions (4)

ISRG INTUITIVE SURGICAL INC 1.5%

Value ($000) $2,007 (+52.9%) Shares 3,544 (+20.7%) Est. Cost $451.84 Unrealized +17.8%

SPGI S&P GLOBAL INC 3.1%

Value ($000) $4,180 (+17.1%) Shares 7,998 (+9.0%) Est. Cost $508.01 Unrealized -2.7%

ACN ACCENTURE PLC IRELAND 2.8%

Value ($000) $3,854 (+16.8%) Shares 14,363 (+7.4%) Est. Cost $203.02 Unrealized +25.1%

CTAS CINTAS CORP 3.8%

Value ($000) $5,178 (-3.4%) Shares 27,534 (+5.5%) Est. Cost $171.68 Unrealized +9.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ISRG	INTUITIVE SURGICAL INC	3,544 (+20.7%)	$2,007 (+52.9%)	1.5%	$451.84	+17.8%	COM NEW	46120E602
SPGI	S&P GLOBAL INC	7,998 (+9.0%)	$4,180 (+17.1%)	3.1%	$508.01	-2.7%	COM	78409V104
ACN	ACCENTURE PLC IRELAND	14,363 (+7.4%)	$3,854 (+16.8%)	2.8%	$203.02	+25.1%	SHS CLASS A	G1151C101
CTAS	CINTAS CORP	27,534 (+5.5%)	$5,178 (-3.4%)	3.8%	$171.68	+9.6%	COM	172908105

Exited Positions (2)

ZTS ZOETIS INC 0.6%

Value ($000) $876 Shares 5,988 Est. Cost $125.91 Unrealized +3.5%

NSP INSPERITY INC 0.2%

Value ($000) $264 Shares 5,357 Est. Cost $53.41 Unrealized -26.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ZTS	ZOETIS INC	5,988	$876	0.6%	$125.91	+3.5%	—	98978V103
NSP	INSPERITY INC	5,357	$264	0.2%	$53.41	-26.2%	—	45778Q107

Decreased Positions (5)

META META PLATFORMS INC 2.6%

Value ($000) $3,579 (-50.6%) Shares 5,422 (-45.0%) Est. Cost $738.17 Unrealized -9.6%

MELI MERCADOLIBRE INC 5.9%

Value ($000) $8,059 (-17.3%) Shares 4,001 (-4.0%) Est. Cost $1278.12 Unrealized +64.3%

JPM JPMORGAN CHASE & CO. 2.2%

Value ($000) $3,068 (-25.9%) Shares 9,521 (-27.4%) Est. Cost $110.81 Unrealized +179.3%

AMZN AMAZON COM INC 8.1%

Value ($000) $11,105 (+3.2%) Shares 48,110 (-1.8%) Est. Cost $124.37 Unrealized +84.0%

DIS DISNEY WALT CO 1.1%

Value ($000) $1,506 (-3.0%) Shares 13,237 (-2.3%) Est. Cost $120.91 Unrealized -9.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
META	META PLATFORMS INC	5,422 (-45.0%)	$3,579 (-50.6%)	2.6%	$738.17	-9.6%	CL A	30303M102
MELI	MERCADOLIBRE INC	4,001 (-4.0%)	$8,059 (-17.3%)	5.9%	$1278.12	+64.3%	COM	58733R102
JPM	JPMORGAN CHASE & CO.	9,521 (-27.4%)	$3,068 (-25.9%)	2.2%	$110.81	+179.3%	COM	46625H100
AMZN	AMAZON COM INC	48,110 (-1.8%)	$11,105 (+3.2%)	8.1%	$124.37	+84.0%	COM	023135106
DIS	DISNEY WALT CO	13,237 (-2.3%)	$1,506 (-3.0%)	1.1%	$120.91	-9.4%	COM	254687106

Unchanged Positions (18)

MKL MARKEL GROUP INC 7.5%

Value ($000) $10,284 Shares 4,784 Est. Cost $1366.67 Unrealized +48.2%

LLY ELI LILLY & CO 2.7%

Value ($000) $3,752 Shares 3,491 Est. Cost $718.31 Unrealized +33.0%

MSFT MICROSOFT CORP 10.6%

Value ($000) $14,437 Shares 29,851 Est. Cost $170.87 Unrealized +193.0%

COST COSTCO WHSL CORP NEW 9.2%

Value ($000) $12,528 Shares 14,528 Est. Cost $291.54 Unrealized +210.7%

AXP AMERICAN EXPRESS CO 5.8%

Value ($000) $7,930 Shares 21,435 Est. Cost $169.01 Unrealized +111.2%

UBER UBER TECHNOLOGIES INC 2.0%

Value ($000) $2,714 Shares 33,221 Est. Cost $66.14 Unrealized +36.1%

EXPD EXPEDITORS INTL WASH INC 2.2%

Value ($000) $2,997 Shares 20,115 Est. Cost $93.80 Unrealized +44.6%

AAPL APPLE INC 5.3%

Value ($000) $7,187 Shares 26,437 Est. Cost $113.19 Unrealized +137.1%

V VISA INC 7.4%

Value ($000) $10,128 Shares 28,879 Est. Cost $182.61 Unrealized +86.4%

ORLY OREILLY AUTOMOTIVE INC 0.5%

Value ($000) $722 Shares 7,920 Est. Cost $90.05 Unrealized +8.5%

MA MASTERCARD INCORPORATED 8.7%

Value ($000) $11,919 Shares 20,879 Est. Cost $291.22 Unrealized +91.9%

WTM WHITE MTNS INS GROUP LTD 0.2%

Value ($000) $297 Shares 143 Est. Cost $1116.81 Unrealized +75.1%

SPY SPDR S&P 500 ETF TR 1.0%

Value ($000) $1,338 Shares 1,962 Est. Cost $432.70 Unrealized —

WM WASTE MGMT INC DEL 4.5%

Value ($000) $6,163 Shares 28,049 Est. Cost $127.24 Unrealized +67.1%

BAC BANK AMERICA CORP 0.2%

Value ($000) $223 Shares 4,059 Est. Cost $48.34 Unrealized +8.9%

CVX CHEVRON CORP NEW 0.2%

Value ($000) $262 Shares 1,722 Est. Cost $102.46 Unrealized +47.8%

SBUX STARBUCKS CORP 0.5%

Value ($000) $724 Shares 8,599 Est. Cost $88.57 Unrealized -5.1%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.4%

Value ($000) $548 Shares 1,090 Est. Cost $282.01 Unrealized +76.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MKL	MARKEL GROUP INC	4,784	$10,284	7.5%	$1366.67	+48.2%	COM	570535104
LLY	ELI LILLY & CO	3,491	$3,752	2.7%	$718.31	+33.0%	COM	532457108
MSFT	MICROSOFT CORP	29,851	$14,437	10.6%	$170.87	+193.0%	COM	594918104
COST	COSTCO WHSL CORP NEW	14,528	$12,528	9.2%	$291.54	+210.7%	COM	22160K105
AXP	AMERICAN EXPRESS CO	21,435	$7,930	5.8%	$169.01	+111.2%	COM	025816109
UBER	UBER TECHNOLOGIES INC	33,221	$2,714	2.0%	$66.14	+36.1%	COM	90353T100
EXPD	EXPEDITORS INTL WASH INC	20,115	$2,997	2.2%	$93.80	+44.6%	COM	302130109
AAPL	APPLE INC	26,437	$7,187	5.3%	$113.19	+137.1%	COM	037833100
V	VISA INC	28,879	$10,128	7.4%	$182.61	+86.4%	COM CL A	92826C839
ORLY	OREILLY AUTOMOTIVE INC	7,920	$722	0.5%	$90.05	+8.5%	COM	67103H107
MA	MASTERCARD INCORPORATED	20,879	$11,919	8.7%	$291.22	+91.9%	CL A	57636Q104
WTM	WHITE MTNS INS GROUP LTD	143	$297	0.2%	$1116.81	+75.1%	COM	G9618E107
SPY	SPDR S&P 500 ETF TR	1,962	$1,338	1.0%	$432.70	—	TR UNIT	78462F103
WM	WASTE MGMT INC DEL	28,049	$6,163	4.5%	$127.24	+67.1%	COM	94106L109
BAC	BANK AMERICA CORP	4,059	$223	0.2%	$48.34	+8.9%	COM	060505104
CVX	CHEVRON CORP NEW	1,722	$262	0.2%	$102.46	+47.8%	COM	166764100
SBUX	STARBUCKS CORP	8,599	$724	0.5%	$88.57	-5.1%	COM	855244109
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,090	$548	0.4%	$282.01	+76.4%	CL B NEW	084670702