Maren Capital LLC Long-Term Concentrated

CIK: 0001961415 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 13, 2026

Total Value ($000): $1,859,395 (100.0% shares, 0.0% debt)

Holdings (21)

Increased Positions (11)

RBC RBC BEARINGS INC 10.9%

Value ($000) $201,934 (+16.5%) Shares 450,314 (+1.4%) Est. Cost $267.10 Unrealized +58.5%

LIN LINDE PLC 8.4%

Value ($000) $155,305 (+21.4%) Shares 364,233 (+35.3%) Est. Cost $418.03 Unrealized +2.2%

AME AMETEK INC 9.7%

Value ($000) $179,716 (+10.6%) Shares 875,337 (+1.3%) Est. Cost $163.56 Unrealized +18.8%

SSD SIMPSON MFG INC 4.4%

Value ($000) $82,633 (+16.6%) Shares 511,756 (+21.0%) Est. Cost $168.58 Unrealized +0.1%

ACGL ARCH CAP GROUP LTD 5.9%

Value ($000) $108,926 (+9.5%) Shares 1,135,594 (+3.6%) Est. Cost $93.47 Unrealized -2.1%

KNSL KINSALE CAP GROUP INC 4.9%

Value ($000) $91,810 (+8.0%) Shares 234,737 (+17.5%) Est. Cost $399.23 Unrealized +2.1%

HEI/A HEICO CORP NEW 8.5%

Value ($000) $157,285 (+3.4%) Shares 623,083 (+4.1%) Est. Cost $157.17 Unrealized +57.1%

HIFS HINGHAM INSTN SVGS MASS 3.2%

Value ($000) $59,251 (+9.6%) Shares 208,659 (+1.8%) Est. Cost $188.10 Unrealized +51.0%

TDY TELEDYNE TECHNOLOGIES INC 9.9%

Value ($000) $184,167 (-0.8%) Shares 360,595 (+13.8%) Est. Cost $432.81 Unrealized +21.7%

CPRT COPART INC 4.6%

Value ($000) $86,439 (-1.6%) Shares 2,207,903 (+13.0%) Est. Cost $49.41 Unrealized -16.1%

GGG GRACO INC 3.5%

Value ($000) $64,646 (-1.1%) Shares 788,649 (+2.5%) Est. Cost $79.51 Unrealized +3.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RBC	RBC BEARINGS INC	450,314 (+1.4%)	$201,934 (+16.5%)	10.9%	$267.10	+58.5%	COM	75524B104
LIN	LINDE PLC	364,233 (+35.3%)	$155,305 (+21.4%)	8.4%	$418.03	+2.2%	SHS	G54950103
AME	AMETEK INC	875,337 (+1.3%)	$179,716 (+10.6%)	9.7%	$163.56	+18.8%	COM	031100100
SSD	SIMPSON MFG INC	511,756 (+21.0%)	$82,633 (+16.6%)	4.4%	$168.58	+0.1%	COM	829073105
ACGL	ARCH CAP GROUP LTD	1,135,594 (+3.6%)	$108,926 (+9.5%)	5.9%	$93.47	-2.1%	ORD	G0450A105
KNSL	KINSALE CAP GROUP INC	234,737 (+17.5%)	$91,810 (+8.0%)	4.9%	$399.23	+2.1%	COM	49714P108
HEI/A	HEICO CORP NEW	623,083 (+4.1%)	$157,285 (+3.4%)	8.5%	$157.17	+57.1%	CL A	422806208
HIFS	HINGHAM INSTN SVGS MASS	208,659 (+1.8%)	$59,251 (+9.6%)	3.2%	$188.10	+51.0%	COM	433323102
TDY	TELEDYNE TECHNOLOGIES INC	360,595 (+13.8%)	$184,167 (-0.8%)	9.9%	$432.81	+21.7%	COM	879360105
CPRT	COPART INC	2,207,903 (+13.0%)	$86,439 (-1.6%)	4.6%	$49.41	-16.1%	COM	217204106
GGG	GRACO INC	788,649 (+2.5%)	$64,646 (-1.1%)	3.5%	$79.51	+3.1%	COM	384109104

Exited Positions (1)

TMO THERMO FISHER SCIENTIFIC INC 0.1%

Value ($000) $1,377 Shares 2,839 Est. Cost $480.76 Unrealized +17.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TMO	THERMO FISHER SCIENTIFIC INC	2,839	$1,377	0.1%	$480.76	+17.6%	—	883556102

Decreased Positions (6)

WRB BERKLEY W R CORP 2.0%

Value ($000) $37,617 (-53.8%) Shares 536,470 (-49.6%) Est. Cost $48.50 Unrealized +50.0%

APH AMPHENOL CORP NEW 10.9%

Value ($000) $202,455 (+5.6%) Shares 1,498,116 (-3.3%) Est. Cost $56.90 Unrealized +134.7%

CP CANADIAN PACIFIC KANSAS CITY 5.0%

Value ($000) $93,891 (-6.5%) Shares 1,275,173 (-5.4%) Est. Cost $74.82 Unrealized -1.6%

IEX IDEX CORP 2.1%

Value ($000) $38,256 (-5.6%) Shares 214,994 (-13.6%) Est. Cost $199.28 Unrealized -14.3%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.0%

Value ($000) $234 (-31.1%) Shares 465 (-31.1%) Est. Cost $350.99 Unrealized +41.8%

V VISA INC 0.1%

Value ($000) $1,155 (+0.9%) Shares 3,292 (-1.8%) Est. Cost $242.67 Unrealized +40.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WRB	BERKLEY W R CORP	536,470 (-49.6%)	$37,617 (-53.8%)	2.0%	$48.50	+50.0%	COM	084423102
APH	AMPHENOL CORP NEW	1,498,116 (-3.3%)	$202,455 (+5.6%)	10.9%	$56.90	+134.7%	CL A	032095101
CP	CANADIAN PACIFIC KANSAS CITY	1,275,173 (-5.4%)	$93,891 (-6.5%)	5.0%	$74.82	-1.6%	COM	13646K108
IEX	IDEX CORP	214,994 (-13.6%)	$38,256 (-5.6%)	2.1%	$199.28	-14.3%	COM	45167R104
BRK/B	BERKSHIRE HATHAWAY INC DEL	465 (-31.1%)	$234 (-31.1%)	0.0%	$350.99	+41.8%	CL B NEW	084670702
V	VISA INC	3,292 (-1.8%)	$1,155 (+0.9%)	0.1%	$242.67	+40.3%	COM CL A	92826C839

Unchanged Positions (4)

RLI RLI CORP 5.9%

Value ($000) $108,841 Shares 1,701,167 Est. Cost $68.75 Unrealized -10.6%

PGR PROGRESSIVE CORP 0.2%

Value ($000) $3,063 Shares 13,450 Est. Cost $143.35 Unrealized +48.1%

MDY SPDR S&P MIDCAP 400 ETF TR 0.0%

Value ($000) $582 Shares 964 Est. Cost $507.38 Unrealized —

MA MASTERCARD INCORPORATED 0.1%

Value ($000) $1,190 Shares 2,085 Est. Cost $397.11 Unrealized +40.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RLI	RLI CORP	1,701,167	$108,841	5.9%	$68.75	-10.6%	COM	749607107
PGR	PROGRESSIVE CORP	13,450	$3,063	0.2%	$143.35	+48.1%	COM	743315103
MDY	SPDR S&P MIDCAP 400 ETF TR	964	$582	0.0%	$507.38	—	UTSER1 S&PDCRP	78467Y107
MA	MASTERCARD INCORPORATED	2,085	$1,190	0.1%	$397.11	+40.8%	CL A	57636Q104