Fenimore Asset Management Inc 13F annual report

Fenimore Asset Management Inc is an investment fund managing more than $4.57 trillion ran by Michael Balboa. There are currently 96 companies in Mr. Balboa’s portfolio. The largest investments include CDW Corp and Ross Stores, together worth $518 billion.

Limited to 30 biggest holdings

$4.57 trillion Assets Under Management (AUM)

As of 7th August 2024, Fenimore Asset Management Inc’s top holding is 1,252,899 shares of CDW Corp currently worth over $280 billion and making up 6.1% of the portfolio value. Relative to the number of outstanding shares of CDW Corp, Fenimore Asset Management Inc owns more than approximately 0.1% of the company. In addition, the fund holds 1,632,823 shares of Ross Stores worth $237 billion, whose value fell 2.0% in the past six months. The third-largest holding is Brown & Brown worth $216 billion and the next is Stryker worth $179 billion, with 526,150 shares owned.

Currently, Fenimore Asset Management Inc's portfolio is worth at least $4.57 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Fenimore Asset Management Inc

The Fenimore Asset Management Inc office and employees reside in Cobleskill, New York. According to the last 13-F report filed with the SEC, Michael Balboa serves as the Chief Financial Officer at Fenimore Asset Management Inc.

Recent trades

In the most recent 13F filing, Fenimore Asset Management Inc revealed that it had opened a new position in One Spa World Holdings Ltd. and bought 905,512 shares worth $13.9 billion.

The investment fund also strengthened its position in Brown & Brown by buying 5,032 additional shares. This makes their stake in Brown & Brown total 2,413,035 shares worth $216 billion. Brown & Brown soared 40.3% in the past year.

On the other hand, there are companies that Fenimore Asset Management Inc is getting rid of from its portfolio. Fenimore Asset Management Inc closed its position in Ollie's Bargain Outlet Holding on 14th August 2024. It sold the previously owned 201,634 shares for $16 billion. Michael Balboa also disclosed a decreased stake in CDW Corp by approximately 0.1%. This leaves the value of the investment at $280 billion and 1,252,899 shares.

One of the largest hedge funds

The two most similar investment funds to Fenimore Asset Management Inc are Starboard Value L.P. and Quantinno Capital Management L.P.. They manage $4.58 trillion and $4.59 trillion respectively.


Michael Balboa investment strategy

Fenimore Asset Management Inc’s portfolio is diversified across 11 sectors. Currently, their heaviest sector is Industrials — making up 28.8% of the total portfolio value. The fund focuses on investments in the United States as 64.6% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 46% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $97.8 billion.

The complete list of Fenimore Asset Management Inc trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
CDW Corp
0.09%
1,252,899
$280,448,830,000 6.14%
Ross Stores, Inc.
0.34%
1,632,823
$237,281,820,000 5.20%
Brown & Brown, Inc.
0.21%
2,413,035
$215,749,484,000 4.73%
Stryker Corp.
0.09%
526,150
$179,022,388,000 3.92%
Idex Corporation
2.06%
825,984
$166,187,989,000 3.64%
Vulcan Materials Co
0.24%
663,940
$165,108,579,000 3.62%
Trane Technologies plc
2.86%
493,181
$162,222,141,000 3.55%
Amphenol Corp.
99.61%
2,327,669
$156,815,051,000 3.43%
Markel Corporation
0.48%
88,839
$139,980,059,000 3.07%
Microchip Technology Incorpora
0.45%
1,452,941
$132,944,091,000 2.91%
Progressive Corp.
0.17%
576,043
$119,649,829,000 2.62%
Fastenal Co.
0.85%
1,831,403
$115,085,348,000 2.52%
Brookfield Corp
0.21%
2,613,888
$108,580,900,000 2.38%
Analog Devices Inc.
0.34%
473,776
$108,144,008,000 2.37%
Arthur J. Gallagher & Co.
1.32%
411,808
$106,785,987,000 2.34%
Autozone Inc.
0.06%
33,905
$100,497,811,000 2.20%
Zebra Technologies A
1.01%
322,257
$99,554,855,000 2.18%
Illinois Tool Works, Inc.
1.42%
385,943
$91,453,133,000 2.00%
ExlService Holdings Inc
1.81%
2,811,490
$88,168,326,000 1.93%
Pinnacle Financial Partners, I
0.53%
1,085,458
$86,880,095,000 1.90%
Graco Inc.
1.79%
1,082,330
$85,807,122,000 1.88%
Booking Holdings Inc
0.06%
20,245
$80,200,603,000 1.76%
Waters Corp.
1.13%
231,804
$67,250,976,000 1.47%
Heico Corp.
0.50%
374,291
$66,444,145,000 1.46%
Berkshire Hathaway Inc. A
No change
108
$66,122,028,000 1.45%
Entegris Inc
4.60%
471,203
$63,800,886,000 1.40%
Broadridge Financial Solutions, Inc.
0.46%
299,355
$58,972,935,000 1.29%
Republic Services, Inc.
1.61%
291,392
$56,629,121,000 1.24%
Keysight Technologies Inc
20.36%
399,327
$54,607,967,000 1.20%
Steris Plc
8.21%
237,279
$52,092,268,000 1.14%
McCormick & Company, Incorporated
1.00%
729,288
$51,735,693,000 1.13%
Paychex Inc.
0.53%
413,006
$48,965,991,000 1.07%
Cintas Corporation
0.79%
69,104
$48,390,767,000 1.06%
EOG Resources, Inc.
0.27%
373,495
$47,011,793,000 1.03%
SouthState Corporation
0.12%
583,744
$44,609,716,000 0.98%
Carmax Inc
1.86%
571,329
$41,901,269,000 0.92%
Avery Dennison Corp.
1.01%
183,334
$40,085,979,000 0.88%
Martin Marietta Mat
4.63%
71,805
$38,903,949,000 0.85%
Jack Henry & Associates, Inc.
1.46%
213,705
$35,479,304,000 0.78%
Brookfield Asset Management Lt
2.59%
932,125
$35,467,368,000 0.78%
Cbiz Inc
14.85%
448,536
$33,236,518,000 0.73%
Verisk Analytics Inc
6.07%
118,975
$32,069,711,000 0.70%
Pool Corporation
1.00%
98,968
$30,415,835,000 0.67%
Colliers International Group I
0.75%
240,683
$26,872,257,000 0.59%
Roper Technologies Inc
3.20%
46,050
$25,956,543,000 0.57%
Fortune Brands Innovations
36.33%
396,536
$25,751,049,000 0.56%
Watsco, Inc.
7.84%
52,758
$24,439,616,000 0.54%
Agilent Technologies Inc.
0.30%
173,855
$22,536,824,000 0.49%
Trisura Group Ltd.
0.14%
705,780
$21,371,018,000 0.47%
Choice Hotels International, I
0.61%
176,978
$21,060,382,000 0.46%
Brookfield Infrastructure Corporation
9.09%
571,601
$19,240,090,000 0.42%
Exponent Inc.
0.36%
198,418
$18,873,520,000 0.41%
Landstar System, Inc.
0.23%
97,396
$17,967,614,000 0.39%
Dutch Brothers Inc Cl A
0.15%
432,708
$17,914,111,000 0.39%
Element Solutions Inc
0.17%
622,586
$16,884,532,000 0.37%
Nomad Foods Ltd
0.39%
1,012,083
$16,679,128,000 0.37%
SPS Commerce Inc.
0.17%
86,346
$16,246,863,000 0.36%
Ollie's Bargain Outlet Holding
Closed
201,634
$16,044,017,000
SiteOne Landscape Supply Inc
15.01%
129,597
$15,734,372,000 0.34%
frontdoor, inc.
0.18%
459,907
$15,540,258,000 0.34%
Floor & Decor Holdings Inc
1.32%
155,790
$15,487,084,000 0.34%
Chemed Corp.
No change
27,202
$14,759,261,000 0.32%
FirstService Corp
0.26%
94,186
$14,351,121,000 0.31%
One Spa World Holdings Ltd.
Opened
905,512
$13,917,719,000 0.30%
Franklin Electric Co., Inc.
0.22%
144,240
$13,893,197,000 0.30%
Cass Information Systems Inc
0.25%
340,432
$13,641,110,000 0.30%
Descartes Systems Group Inc
0.18%
136,132
$13,183,023,000 0.29%
Dream Finders Homes, Inc.
0.26%
490,771
$12,671,707,000 0.28%
Boston Omaha Corporation
0.83%
938,920
$12,637,863,000 0.28%
Home Bancshares Inc
0.08%
513,046
$12,292,582,000 0.27%
T. Rowe Price Group Inc.
6.11%
100,607
$11,600,993,000 0.25%
Hagerty, Inc.
0.62%
956,676
$9,949,430,000 0.22%
Berkshire Hathaway Inc. B
1.84%
23,858
$9,705,434,000 0.21%
Esab Corporation
Opened
98,462
$9,297,767,000 0.20%
Houlihan Lokey Inc
Opened
45,074
$6,078,680,000 0.13%
Apple Inc
No change
13,481
$2,839,368,000 0.06%
Us Bancorp
No change
62,369
$2,476,049,000 0.05%
Vanguard Growth
No change
6,581
$2,461,360,000 0.05%
Powershares Dynamic Large Cap
No change
17,000
$1,605,732,000 0.04%
Abbvie Inc
No change
7,481
$1,283,157,000 0.03%
Spdr S&p 500 Etf Trust
No change
1,477
$803,813,000 0.02%
Ishares Core S&p 500 Etf
No change
1,200
$656,676,000 0.01%
Conmed Corp.
3.10%
8,903
$617,156,000 0.01%
Microsoft Corporation
No change
1,359
$607,239,000 0.01%
Select Sector Spdr Tr Sbi Cons
No change
3,138
$572,371,000 0.01%
NBT Bancorp. Inc.
No change
14,480
$558,928,000 0.01%
Exxon Mobil Corp.
No change
3,878
$446,435,000 0.01%
International Business Machine
No change
2,573
$445,000,000 0.01%
Ul Solutions
Opened
10,000
$421,900,000 0.01%
Zoetis Inc
No change
2,240
$388,326,000 0.01%
Union Pacific Corp.
No change
1,584
$358,396,000 0.01%
Wells Fargo & Co.
No change
6,000
$356,340,000 0.01%
Moodys Corp
No change
787
$331,272,000 0.01%
MSCI Inc
No change
572
$275,561,000 0.01%
American Express Co.
No change
1,105
$255,863,000 0.01%
Dollar General Corp.
Closed
1,506
$235,026,000
The Hanover Group
No change
1,700
$213,248,000 0.00%
Vanguard Total International B
Closed
4,246
$208,861,000
Air Products & Chemicals Inc.
Closed
861
$208,594,000
Vanguard Total Stock Market
50.10%
773
$206,785,000 0.00%
Diamond Hill Investment Group, Inc.
Closed
1,336
$205,971,000
No transactions found
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