LS
| |
Lou Simpson13F | |
| SQ Advisors, LLC | |
| Last update 2019-08-15 | 0 Stocks (0 new) |
| Value $- | Turnover 0 % |
| Portfolio Report | |
Lou Simpson Profile
Lou Simpson met Warren Buffett in 1996 when he was CEO of Geico's capital operations and Buffett was completing his purchase of Geico. Impressed with his track record, Buffett kept Simpson on as chief investment officer.
At his retirement from Berkshire subsidiary Geico in 2010, Simpson managed more than $4 billion worth of stocks. Throughout his time with Berkshire, Simpson and Buffett's stock picks overlapped sometimes due to similarities in their thinking, but both men clearly had independent processes and disagreed with each other sometimes as well.
Before joining GEICO in 1979 as senior vice president and chief investment officer, Simpson was president and CEO of Western Asset Management, a partner at Stein Roe and Farnham, and an economics instructor at Princeton University. Simpson’s SQ Advisors stopped managing outside money and converted to a family office after the second quarter of 2019.
At his retirement from Berkshire subsidiary Geico in 2010, Simpson managed more than $4 billion worth of stocks. Throughout his time with Berkshire, Simpson and Buffett's stock picks overlapped sometimes due to similarities in their thinking, but both men clearly had independent processes and disagreed with each other sometimes as well.
Before joining GEICO in 1979 as senior vice president and chief investment officer, Simpson was president and CEO of Western Asset Management, a partner at Stein Roe and Farnham, and an economics instructor at Princeton University. Simpson’s SQ Advisors stopped managing outside money and converted to a family office after the second quarter of 2019.
Lou Simpson Investing Philosophy
Buffett frequently sang the praises of Lou Simpson. Once, in his 2004 investor letter, Buffett called him “a cinch to be inducted into the investment Hall of Fame” based on his return performance history. From 1980 to 2004, Simpson produced an average annual gain of 20.3%, compared to 13.5% for the S&P 500. In that time, he had only three negative years, and only four years of less than double-digit returns. In a rare interview in 2010, Simpson told the Chicago Tribune, "My approach is eclectic. I try to read all company documents carefully. We try to talk to competitors. We try to find people more knowledgeable about the business than we are. We do not rely on Wall Street-generated research. We do our own research. We try to meet with top management."
Lou Simpson's Portfolio
Lou Simpson Current Holdings
| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
AAPL | Apple Inc | 0 | 0 | Sold Out | 0 | -9.68% | 0 | +3.39% | +23.87% | 3587438.273 | Hardware | |
ST | Sensata Technologies Holding PLC | 0 | 0 | Sold Out | 0 | -5.67% | 0 | -15.02% | -13.29% | 4807.059 | Hardware | |
LBRDK | Liberty Broadband Corp | 0 | 0 | Sold Out | 0 | -15.74% | 0 | +34.93% | +5.65% | 12161.313 | Telecommunication Services | |
TYL | Tyler Technologies Inc | 0 | 0 | Sold Out | 0 | -6.05% | 0 | +7.07% | +50.48% | 26927.586 | Software | |
BRK.B | Berkshire Hathaway Inc | 0 | 0 | Sold Out | 0 | -3.97% | 0 | +3.13% | +35.43% | 1041319.663 | Insurance | |
SCHW | Charles Schwab Corp | 0 | 0 | Sold Out | 0 | -9.57% | 0 | +27.90% | +22.07% | 151496.797 | Capital Markets | |
BN | Brookfield Asset Management Inc | 0 | 0 | Sold Out | 0 | -13.55% | 0 | +23.75% | +53.86% | 92644.378 | Asset Management | |
KMX | CarMax Inc | 0 | 0 | Sold Out | 0 | -11.33% | 0 | -1.57% | +9.42% | 13008.997 | Vehicles & Parts | |
ALSN | Allison Transmission Holdings Inc | 0 | 0 | Sold Out | 0 | -12.92% | 0 | +30.36% | +106.19% | 10264.805 | Vehicles & Parts | |
CABO | Cable One Inc | 0 | 0 | Sold Out | 0 | -11.51% | 0 | +16.13% | -22.75% | 2361.453 | Telecommunication Services |
Total 10
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