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Hedge fund

Route One Investment Company, L.P.

13F for the quarter to June 30, 2026, filed August 14, 2026 · SEC CIK 1512171

Reported value
$2.4bn
86% in companies we cover
Positions we cover
15
Largest POST 10.8%
Copy, a year
+14.5%
S&P 500 +14.1%
Copy Sharpe ratio
0.71
S&P 500 0.78

How copying its 13F would have done

$10.0k$20.0k$40.0k 2013201520172019202120232025 $60.1k$57.0k
CopyS&P 500 $10,000 copying Route One Investment Company, L.P.'s filed holdings in companies we cover from August 16, 2013, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −34.9% (S&P 500 −31.8%); beta 0.96; alpha +1.4% a year (t = 0.47); last 12 months +0.2% against +12.1%.

Reported value by quarter

Route One Investment Company, L.P.: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).
$0 $1T $2T $3T Reported value, 2013-06-30: $423M Reported value, 2013-09-30: $403M Reported value, 2013-12-31: $440M Reported value, 2014-03-31: $508.4M Reported value, 2014-06-30: $453.8M Reported value, 2014-09-30: $432.9M Reported value, 2014-12-31: $567.6M Reported value, 2015-03-31: $873M Reported value, 2015-06-30: $1.1B Reported value, 2015-09-30: $1.2B Reported value, 2015-12-31: $1.5B Reported value, 2016-03-31: $1.8B Reported value, 2016-06-30: $1.8B Reported value, 2016-09-30: $1.9B Reported value, 2016-12-31: $1.9B Reported value, 2017-03-31: $2.1B Reported value, 2017-06-30: $2B Reported value, 2017-09-30: $2.3B Reported value, 2017-12-31: $2.5B Reported value, 2018-03-31: $2.3B Reported value, 2018-06-30: $2.6B Reported value, 2018-09-30: $2.8B Reported value, 2018-12-31: $2.8B Reported value, 2019-03-31: $3.2B Reported value, 2019-06-30: $3.3B Reported value, 2019-09-30: $3.3B Reported value, 2019-12-31: $3.5B Reported value, 2020-03-31: $3.1B Reported value, 2020-06-30: $3.5B Reported value, 2020-09-30: $3.5B Reported value, 2020-12-31: $3.6B Reported value, 2021-03-31: $3.7B Reported value, 2021-06-30: $4.1B Reported value, 2021-09-30: $3.9B Reported value, 2021-12-31: $3.7B Reported value, 2022-03-31: $3.2B Reported value, 2022-06-30: $2.8B Reported value, 2022-09-30: $2.6B Reported value, 2022-12-31: $2.2T Reported value, 2023-03-31: $2.5B Reported value, 2023-06-30: $2.5B Reported value, 2023-09-30: $2.6B Reported value, 2023-12-31: $2.7B Reported value, 2024-03-31: $2.5B Reported value, 2024-06-30: $2.6B Reported value, 2024-09-30: $2.8B Reported value, 2024-12-31: $2.5B Reported value, 2025-03-31: $2.3B Reported value, 2025-06-30: $2.2B Reported value, 2025-09-30: $2.5B Reported value, 2025-12-31: $2.4B Reported value, 2026-03-31: $2.3B Reported value, 2026-06-30: $2.4B 2013-06-30 2016-03-31 2018-12-31 2021-09-30 2026-06-30 $2.4B
View chart data
Period Reported value
2013-06-30 $423M
2013-09-30 $403M
2013-12-31 $440M
2014-03-31 $508.4M
2014-06-30 $453.8M
2014-09-30 $432.9M
2014-12-31 $567.6M
2015-03-31 $873M
2015-06-30 $1.1B
2015-09-30 $1.2B
2015-12-31 $1.5B
2016-03-31 $1.8B
2016-06-30 $1.8B
2016-09-30 $1.9B
2016-12-31 $1.9B
2017-03-31 $2.1B
2017-06-30 $2B
2017-09-30 $2.3B
2017-12-31 $2.5B
2018-03-31 $2.3B
2018-06-30 $2.6B
2018-09-30 $2.8B
2018-12-31 $2.8B
2019-03-31 $3.2B
2019-06-30 $3.3B
2019-09-30 $3.3B
2019-12-31 $3.5B
2020-03-31 $3.1B
2020-06-30 $3.5B
2020-09-30 $3.5B
2020-12-31 $3.6B
2021-03-31 $3.7B
2021-06-30 $4.1B
2021-09-30 $3.9B
2021-12-31 $3.7B
2022-03-31 $3.2B
2022-06-30 $2.8B
2022-09-30 $2.6B
2022-12-31 $2.2T
2023-03-31 $2.5B
2023-06-30 $2.5B
2023-09-30 $2.6B
2023-12-31 $2.7B
2024-03-31 $2.5B
2024-06-30 $2.6B
2024-09-30 $2.8B
2024-12-31 $2.5B
2025-03-31 $2.3B
2025-06-30 $2.2B
2025-09-30 $2.5B
2025-12-31 $2.4B
2026-03-31 $2.3B
2026-06-30 $2.4B

Holdings and moves

CompanyShare of portfolioValueSharesChange in shares
POSTPost Holdings, Inc.10.78%$260.4m2.95M0.0%
AMZNAmazon10.18%$246.0m1.03M0.0%
GWREGuidewire Software, Inc.9.42%$227.6m1.85M0.0%
UNHUnitedHealth Group8.39%$202.7m487.7K−8.5% Reduced
SCHWCharles Schwab Corporation8.37%$202.1m2.19M+30.2% Added
NYTNEW York Times Co7.12%$172.1m2.46M0.0%
KRCKilroy Realty Corp6.59%$159.2m4.25M+4.9% Added
TMOThermo Fisher Scientific5.82%$140.6m280.4K+8.4% Added
MELIMercadolibre Inc4.61%$111.3m65.6K+46.4% Added
HLFHerbalife LTD.4.54%$109.8m8.35M+1.5% Added
TBBBBBB Foods Inc3.84%$92.7m2.22M+45.4% Added
VEEVVeeva Systems Inc1.55%$37.5m211.3K+16.0% Added
PCORProcore Technologies, Inc.1.54%$37.3m918.2K0.0%
VVisa Inc.1.51%$36.6m106.7KNew
MAMastercard1.50%$36.2m70.5KNew
CompanyBought (value)Shares
SCHWCharles Schwab Corporation$46.8m507.6K
VVisa Inc.$36.6m106.7K
MAMastercard$36.2m70.5K
MELIMercadolibre Inc$35.3m20.8K
TBBBBBB Foods Inc$29.0m694.9K
TMOThermo Fisher Scientific$10.9m21.7K
KRCKilroy Realty Corp$7.4m198.7K
VEEVVeeva Systems Inc$5.2m29.1K
HLFHerbalife LTD.$1.6m121.5K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanySold (value)Shares
ESSEssex Property Trust−$72.1m−297.9K
UNHUnitedHealth Group−$18.8m−45.1K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

CompanyValue last quarterShares
ESSEssex Property Trust$72.1m297.9K
  • Consumer Staples22.3%
  • Health Care18.4%
  • Financials13.3%
  • Technology12.8%
  • Consumer Discretionary11.9%
  • Communication Services8.3%
  • Real Estate7.7%
  • Industrials5.4%

Share of the value held in companies we cover, by sector.

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 16, 2013 to November 2, 2026+14.5%+14.1%0.710.78−34.9%0.96
2018 onwardsJanuary 5, 2018 to November 2, 2026+10.7%+13.9%0.470.66−34.9%0.92
Last three yearsNovember 3, 2023 to November 2, 2026+13.2%+21.8%0.571.16−15.8%0.67
Last yearNovember 7, 2025 to November 2, 2026+0.6%+14.2%−0.080.84−14.2%0.57

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.