Paul Lountzis - Lountzis Asset Management Investment Strategy & Portfolio Analysis

As of Mar 31, 2026, Paul Lountzis's Lountzis Asset Management portfolio reflects a concentrated approach across 52 reported 13F positions. Portfolio returns are primarily driven by a small set of mega-cap compounders, with the top five holdings accounting for approximately 56% of total exposure and Berkshire Hathaway Inc. New alone contributing ~24%. While the portfolio includes 52 positions, economic outcomes are highly concentrated in a narrow set of large-cap financial names, indicating a meaningful divergence between structural diversification and return concentration. Exposure to high-growth and technology-oriented segments remains limited relative to peers, with performance instead anchored in durable, cash-generating businesses across financials and communication services. The portfolio exhibits extremely low turnover, reinforcing a long-term capital allocation approach centered on high-conviction, long-duration holdings. Distinctive traits include Long-Term Holder, Moderately Concentrated, Structurally Diversified.