Stocks/Funds/CIK 18748

CENTRAL SECURITIES CORP

long-term holder
Quarterly 13F filings · Latest period 2026-03-31 · CIK 18748
Assets
$1.21B
+15.3% YoY
Holdings
30
Lifetime alpha vs market
+0.84% annual
Average hold time
6.8 yr
median 10.1 yr

Quarterly history

Cum return +57% vs S&P +52% · α +5% lifetimeAUM $1.2B · peak $1.2BFlow $-2M (-0%)2016-062017-122019-062020-122022-062023-122025-062026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+0.05%
adds when stocks drop
when a holding falls −10%+
Middle response
-0.60%
baseline attrition
Rally response
-0.97%
trims into rallies
when a holding rises +10%+

Top positions · 30

Ticker$ value% portYoYHold time
GOOGLAlphabet Inc.$115M9.5%7.5 yr
ADIAnalog Devices, Inc.$111M9.2%+60.2%10.5 yr
PGRThe Progressive Corporat$79M6.5%-25.5%10.5 yr
SCHWThe Charles Schwab Corpo$66M5.4%+21.5%10.3 yr
COFCapital One Financial Co$64M5.3%+3.1%10.5 yr
MSIMotorola Solutions, Inc.$61M5.0%+0.2%10.5 yr
KEYSKeysight Technologies, I$56M4.7%+88.5%10.5 yr
AMZNAmazon.com, Inc.$54M4.5%+9.5%10.5 yr
CVXChevron Corporation$53M4.4%+29.2%0.8 yr
METAMeta Platforms, Inc.$51M4.3%-0.4%5.3 yr
TDYTeledyne Technologies In$42M3.5%+21.6%2.8 yr
AXPAmerican Express Company$42M3.5%+13.3%10.5 yr
JPMJPMorgan Chase & Co.$41M3.4%+21.8%10.5 yr
SUNBSunbelt Rentals Holdings$39M3.2%0.3 yr
MSFTMicrosoft Corporation$30M2.4%-0.6%10.0 yr

Portfolio composition (YoY)

Industry mix
Financial - Credit Services13.9%+2.4pp$168M
Internet Content & Information13.7%+1.6pp$167M
Semiconductors11.4%+3.9pp$138M
Hardware, Equipment & Parts8.2%+0.8pp$99M
Specialty Retail6.7%+0.0pp$81M
Insurance - Property & Casualty6.5%-4.2pp$79M
Financial - Capital Markets5.4%-0.5pp$66M
Insurance - Brokers5.3%-1.9pp$64M
Communication Equipment5.0%-1.0pp$61M
Oil & Gas Integrated4.4%$53M
Country
US91.6%-0.7pp
IE3.9%-1.4pp
TW2.2%
UY2.2%-0.2pp
Top 5: 35.9% · Top 10: 58.7% · Top 25: 94.7%

Winners

TickerPrev $PnLYoY %
ADI$79M+0.05B60.2%
KEYS$30M+0.03B88.5%
SCHW$63M+0.01B21.5%
JPM$39M+0.01B21.8%
TDY$35M+0.01B21.6%

Losers

TickerPrev $PnLYoY %
PGR$113M-0.03B-25.5%
AJG$36M-0.01B-36.6%
ROP$32M-0.01B-39.7%
AON$40M-0.01B-18.4%
RYN$33M-0.01B-17.8%

Top buys this quarter · 6

SUNB Sunbelt Rentals Holdings Incnew+$39M
EFX Equifax Inc.new+$18M
AJG Arthur J. Gallagher & Co.+$6M
MELI MercadoLibre, Inc.+$4M
COF Capital One Financial Corporat+$64M
TWFG TWFG, Inc. Common Stock+$9M

Top sells this quarter · 6

COHR Coherent, Inc.exit$36M
SCHW The Charles Schwab Corporation$9M
AON Aon plc$6M
ADI Analog Devices, Inc.$98M
JNJ Johnson & Johnson$17M
GOOGL Alphabet Inc.$0M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$1.21B30+9.63%+17.59%-7.96%-0.00B
2025-12-31$1.24B29+14.55%+17.72%-3.17%+0.02B
2025-09-30$1.21B29+15.09%+17.52%-2.43%+0.05B
2025-06-30$1.13B27+21.63%+14.94%+6.69%-0.01B
2025-03-31$1.05B27+13.53%+8.30%+5.23%-0.01B
2024-12-31$1.04B27+24.86%+24.89%-0.02%-0.01B
2024-09-30$1.03B27+42.27%+36.04%+6.23%-0.07B
2024-06-30$1.01B28+23.34%+24.49%-1.15%+0.01B
2024-03-31$990M27+30.16%+29.62%+0.54%-0.04B
2023-12-31$921M28+23.96%+26.18%-2.22%-0.03B
2023-09-30$819M28+18.95%+21.57%-2.62%+0.03B
2023-06-30$841M26+22.77%+19.42%+3.34%-0.01B
2023-03-31$802M26-2.89%-7.82%+4.92%-0.02B
2022-12-31$774M26+11.01%+7.56%+3.45%-0.01B
2022-09-30$709M27-2.96%-4.93%+1.97%-0.02B
2022-06-30$750M29-15.56%-16.11%+0.55%-0.05B