Chapman Investment Management
San Anselmo, CAfiles as Chapman Investment Management, LLC
$121m in 26 US stocks at the end of 31 March 2026. The top 10 are 75.3% of the money. It changed about 6.5% of the portfolio this quarter.
Value
$121m
Stocks
26
Top 10 share
75.3%
Turnover
6.5%
What changed this quarter
New
Bought for the first time this quarter.
- SalesforceCRM0.8% of the fund
Added
Bought more of a stock they already held.
- AppleAAPL6.4% of the fund+15%
- S&P GlobalSPGI3.2% of the fund+14%
- AccentureACN2.5% of the fund+6%
- Intuitive SurgicalISRG1.4% of the fund+6%
Cut
Sold some of their stake.
- Uber TechnologiesUBER1.6% of the fund-19%
- Walt DisneyDIS0.7% of the fund-34%
Sold out
Sold their entire stake.
- Meta PlatformsMETA-100%
- Bank of AmericaBAC-100%
Holdings
- State STR Spdr S&P 500 ETF TSPY
- Share
- 1.1%
- Value
- $1m
- Shares
- 1,962
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Costco WholesaleCOST | 11.9% | $14m | 14,478 | Held |
| MicrosoftMSFT | 9.2% | $11m | 30,028 | Held |
| MastercardMA | 8.6% | $10m | 20,802 | Held |
| Amazon.comAMZN | 8.2% | $10m | 47,794 | Held |
| Markel GroupMKL | 7.5% | $9m | 4,760 | Held |
| VisaV | 7.2% | $9m | 28,752 | Held |
| AppleAAPL | 6.4% | $8m | 30,334 | +15% |
| MercadoLibreMELI | 5.7% | $7m | 3,978 | Held |
| American ExpressAXP | 5.4% | $7m | 21,573 | Held |
| Waste ManagementWM | 5.4% | $6m | 28,275 | Held |
| CintasCTAS | 3.9% | $5m | 27,906 | Held |
| S&P GlobalSPGI | 3.2% | $4m | 9,119 | +14% |
| Eli LillyLLY | 2.6% | $3m | 3,457 | Held |
| AccentureACN | 2.5% | $3m | 15,230 | +6% |
| Expeditors International of WashingtonEXPD | 2.4% | $3m | 19,888 | Held |
| JPMorgan ChaseJPM | 2.3% | $3m | 9,521 | Held |
| Uber TechnologiesUBER | 1.6% | $2m | 26,958 | -19% |
| Intuitive SurgicalISRG | 1.4% | $2m | 3,741 | +6% |
| State STR Spdr S&P 500 ETF TSPY | 1.1% | $1m | 1,962 | Held |
| SalesforceCRM | 0.8% | $981,324 | 5,257 | New |
| Walt DisneyDIS | 0.7% | $838,342 | 8,698 | -34% |
| StarbucksSBUX | 0.6% | $770,384 | 8,599 | Held |
| O'Reilly AutomotiveORLY | 0.6% | $731,095 | 7,920 | Held |
| Berkshire HathawayBRK-B | 0.4% | $522,328 | 1,090 | Held |
| ChevronCVX | 0.3% | $356,282 | 1,722 | Held |
| White Mountains Insurance GroupWTM | 0.3% | $314,165 | 143 | Held |
Over time and by industry
Value over time
Sep '25
Mar '26
Value is down 15.4% since 30 June 2025.
Where the money is
Financial services34.9%
Technology24.5%
Industrials13.2%
Everyday goods11.9%
Retail & consumer9.5%
Health care4.0%
Media & telecom0.7%
Energy0.3%
Other1.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.