23% of Paul Lountzis' Portfolio in Financial Services
Paul Lountzis' portfolio, as of March 31, 2026, shows a heavy concentration in Financial Services and Technology stocks, with Berkshire Hathaway leading holdings.
Portfolio Snapshot: This analysis of Paul Lountzis' portfolio, managed by Lountzis Asset Management, is based on data available as of March 31, 2026.
Top Holdings Analysis
The portfolio's largest position is Berkshire Hathaway Class B (BRK-B), representing approximately $64.4 million or 23.6% of the total portfolio value. This significant allocation underscores a core holding strategy focused on established, high-quality businesses. Following closely is Wells Fargo & Co. (WFC) with a portfolio allocation of 7.15% ($19.5 million), and Applied Materials (AMAT) at 14.92% ($40.7 million).
- Berkshire Hathaway (BRK-B): Dominates the portfolio at 23.6% allocation, showing a slight decrease in shares (-0.58%) from the previous period.
- Applied Materials (AMAT): Holds 14.92% of the portfolio, also showing a minor reduction in shares (-0.95%).
- Progressive Co. (PGR): Allocates 5.2% ($14.2 million), with a small decrease in shares (-0.78%).
- Alphabet Inc. Class A (GOOGL): Represents 5.07% ($13.8 million), showing a slight decrease in shares (-1.1%).
- Oracle Corp (ORCL): Holds 5.01% ($13.6 million), with a notable increase in shares (+2.93%) during the period.
Industry Focus: Financial Services Dominance
The portfolio exhibits a strong bias towards the Financial Services sector. Collectively, holdings in this sector (BRK-B, WFC, PGR, USB, KNSL, KKR) account for approximately 50.63% of the total portfolio value. This significant concentration suggests a strategic focus on financial institutions and related businesses.
Within Financial Services, the portfolio includes a mix of traditional banking (Wells Fargo, US Bancorp/USB), insurance (Berkshire Hathaway), and specialty finance (Kinsale Capital Holdings/KNSL). The allocation to KNSL saw an extraordinary increase of 100% in shares during the period, now representing 3.63% of the portfolio.
Technology and Other Sectors
Technology is the second-largest sector allocation, with holdings in Applied Materials (AMAT) and Cadence Design Systems (CDNS) totaling approximately 19.43% ($52.4 million). This indicates a continued, though less pronounced, tilt towards technology stocks compared to Financial Services.
The portfolio also includes exposure to Communication Services (Alphabet/GOOGL) and a diversified holding in KKR & Co Inc (KKR), which is categorized under Financial Services but represents a different segment of the financial industry.
Strategic Shifts and Stability
While the portfolio maintains its core positions, there are signs of strategic adjustments. The share count for several large holdings decreased slightly, including BRK-B, AMAT, WFC, PGR, and GOOGL. Conversely, the share count for ORCL increased significantly (+2.93%) and KNSL experienced a massive jump (+100%), suggesting a potential shift in focus or conviction towards these specific companies.
Overall, the portfolio appears to favor large-cap, established companies, particularly within the Financial Services and Technology sectors, with a notable concentration in Berkshire Hathaway. The changes observed are generally modest, indicating a relatively stable long-term investment approach.