Greenbrier Capital: Frederick Rowe's Portfolio Shifts in Q1 2026

Greenbrier Partners Capital Management's Frederick (Shad) Rowe saw a notable shift in his portfolio during the first quarter of 2026, as indicated by the latest filing data available as of March 31, 2026.

The largest change observed during this period was a reduction in Apple Inc. (AAPL). Rowe decreased his stake in the tech giant by 242,638 shares, representing a significant 17.05% reduction in his holding. This resulted in Apple's portfolio allocation dropping to 23.08%. For more details on Mr. Rowe's position, see the filing: Frederick (Shad) Rowe.

Similarly, Meta Platforms Inc. (META) experienced a notable decrease. The Communication Services stock saw its share count reduced by 5,882 shares, a 1.47% decline, lowering its portfolio percentage to 17.41%. Further details can be found in the filing for META (Meta Platforms Inc.).

Several other major holdings also saw reductions, albeit on a smaller scale. Costco Wholesale Corporation (COST) shares decreased by 1,880 shares (-0.84%), Amazon.com Inc. (AMZN) by 5,250 shares (-0.84%), Alphabet Inc. (GOOG) by 3,911 shares (-0.84%), Alphabet Inc. (GOOGL) by 9,139 shares (-2.00%), and Berkshire Hathaway Inc. (BRK-B) by 7,260 shares (-8.25%). These changes reflect adjustments to positions in key consumer and financial holdings.

Conversely, Frederick Rowe increased his stake in Spotify Technology S.A. (SPOT) during the quarter, adding 299 shares. This suggests a new or significantly strengthened position in the music streaming company, now holding 1.32% of his portfolio. Further information on this position is available in the filing for SPOT (Spotify Technology S.A.).

Additionally, the investor maintained his position in Markel Group Inc. (MKL), which saw a decrease of 1,804 shares (-6.58%) but remains allocated at 3.78%. Microsoft Corp. (MSFT) also saw a small reduction of 1,005 shares (-0.84%) but maintains its 3.39% allocation.

No positions were fully exited during this reporting period.