Route One Investment Company, L.P.
San Francisco, CA
$2.4bn in 19 US stocks at the end of 30 June 2026. The top 10 are 79.8% of the money. It changed about 12.1% of the portfolio this quarter.
Value
$2.4bn
Stocks
19
Top 10 share
79.8%
Turnover
12.1%
What changed this quarter
New
Bought for the first time this quarter.
- VisaV1.5% of the fund
- MastercardMA1.5% of the fund
Added
Bought more of a stock they already held.
- Charles SchwabSCHW8.4% of the fund+30%
- Kilroy RealtyKRC6.6% of the fund+5%
- Thermo Fisher ScientificTMO5.8% of the fund+8%
- MercadoLibreMELI4.6% of the fund+46%
- BBB FoodsTBBB3.8% of the fund+45%
- Veeva SystemsVEEV1.6% of the fund+16%
Cut
Sold some of their stake.
- AlphabetGOOG8.5% of the fund-15%
- UnitedHealth GroupUNH8.4% of the fund-8%
Sold out
Sold their entire stake.
Holdings
- Vista Energy S.A.B. de C.V.VIST
- Share
- 3.2%
- Value
- $78m
- Shares
- 1,216,700
Held
- Grupo Financiero Galicia S.AGGAL
- Share
- 1.2%
- Value
- $29m
- Shares
- 579,350
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Post HoldingsPOST | 10.8% | $260m | 2,950,568 | Held |
| Amazon.comAMZN | 10.2% | $246m | 1,032,200 | Held |
| Guidewire SoftwareGWRE | 9.4% | $228m | 1,849,364 | Held |
| AlphabetGOOG | 8.5% | $206m | 584,050 | -15% |
| UnitedHealth GroupUNH | 8.4% | $203m | 487,725 | -8% |
| Charles SchwabSCHW | 8.4% | $202m | 2,189,893 | +30% |
| New York TimesNYT | 7.1% | $172m | 2,458,659 | Held |
| Kilroy RealtyKRC | 6.6% | $159m | 4,248,213 | +5% |
| Thermo Fisher ScientificTMO | 5.8% | $141m | 280,400 | +8% |
| MercadoLibreMELI | 4.6% | $111m | 65,560 | +46% |
| HerbalifeHLF | 4.5% | $110m | 8,348,800 | Held |
| BBB FoodsTBBB | 3.8% | $93m | 2,224,201 | +45% |
| Vista Energy S.A.B. de C.V.VIST | 3.2% | $78m | 1,216,700 | Held |
| Veeva SystemsVEEV | 1.6% | $38m | 211,350 | +16% |
| Procore TechnologiesPCOR | 1.5% | $37m | 918,205 | Held |
| VisaV | 1.5% | $37m | 106,700 | New |
| MastercardMA | 1.5% | $36m | 70,500 | New |
| Macro BankBMA | 1.3% | $31m | 332,111 | Held |
| Grupo Financiero Galicia S.AGGAL | 1.2% | $29m | 579,350 | Held |
Options (1)
- State STR Spdr S&P 500 ETF TSPY
- Type
- Put
- Value
- $75m
- Contracts
- 100,000
| Company | Type | Value | Contracts |
|---|---|---|---|
| State STR Spdr S&P 500 ETF TSPY | Put | $75m | 100,000 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 8.3% since 30 June 2025.
Where the money is
Health care20.3%
Media & telecom15.7%
Technology15.6%
Everyday goods14.6%
Financial services12.7%
Retail & consumer10.2%
Real estate6.6%
Other4.4%
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.