Oakcliff Capital

Q1 2026 13F · by Bryan Lawrence, portfolio manager

As of: Mar 31, 2026
Filed: May 15, 2026
US stock: $227M · prev $233M
Positions: 8 · prev 8
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves2 since the prior filing

+2.3 pp in · −0.3 pp out

New 0 0.00 pp
Added 1 +2.34 pp
Trimmed 1 −0.25 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 6 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 5.4% a year, about 18.5 years per position

Low
Moderate
High

Top 5 positions84% of US stock

IBKR Interactive Brokers Group, Inc. Class A held held30.5%
GIL Gildan Activewear Inc. held held16.7%
GOOG Alphabet Inc. Class C held held15.0%
TDG TransDigm Group Incorporated held held12.4%
GWRE Guidewire Software, Inc. added+2.34 pp added+2.349.5%

Positions8 in this filing · 0 exited


IBKRInteractive Brokers Group, Inc. Class A	30.50%	1,030,740	$69M	held	—	37 q
GILGildan Activewear Inc.	16.74%	681,689	$38M	held	—	14 q
GOOGAlphabet Inc. Class C	14.96%	118,161	$34M	held	—	33 q
TDGTransDigm Group Incorporated	12.36%	24,170	$28M	held	—	37 q
GWREGuidewire Software, Inc.	9.51%	144,183	$22M	added+73%	+2.34 pp	22 q
SGUStar Group, L.P. Common Units Representing Limited Partner Interest	5.96%	1,099,239	$13M	held	—	37 q
NRPNatural Resource Partners L.P.	5.45%	102,057	$12M	trimmed−20%	−0.25 pp	8 q
LENLennar Corporation Class A	4.52%	118,000	$10M	held	—	5 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001172661-26-002106
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet