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LOCUST WOOD CAPITAL ADVISERS, LLC

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13F filer, CIK 1349434, NEW YORK, NY

LOCUST WOOD CAPITAL ADVISERS, LLC reported $3,156,676,089 across 49 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-12. Its ten largest share positions make up 54.4% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001349434-25-000002

Period
2025-03-31
Reported value
$3.16B
Holdings
49
Top 10 weight
54.4%
New
16
Sold out
13

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MSFTadded+227,290$85.3M
WMadded+198,419$45.9M
AMZNadded+215,536$41M
GPGIadded+2,759,872$30M
ELVadded+68,128$29.6M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
UNHexited-158,147-$80M
RHexited-44,962-$17.7M
PCGreduced-1,013,948-$17.4M
SUreduced-298,980-$11.6M
APOreduced-61,429-$8.41M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001349434-25-000002, largest first. % of portfolio is the value over $2,863,468,721, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
LINLINDE PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 441,586 shares; 2024Q4: 440,315 shares; 2025Q1: 476,435 shares 476,435$222M7.75%+36,120Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 264,224 shares; 2024Q4: 268,905 shares; 2025Q1: 496,195 shares 496,195$186M6.5%+227,290Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,128,121 shares; 2024Q4: 979,365 shares; 2025Q1: 1,033,967 shares 1,033,967$172M5.99%+54,602Timeline
WMWASTE MGMT INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 408,479 shares; 2024Q4: 540,004 shares; 2025Q1: 738,423 shares 738,423$171M5.97%+198,419Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 620,364 shares; 2024Q4: 619,342 shares; 2025Q1: 834,878 shares 834,878$159M5.55%+215,536Timeline
ELVELEVANCE HEALTH INC FORMERLYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 238,445 shares; 2024Q4: 257,043 shares; 2025Q1: 325,171 shares 325,171$141M4.94%+68,128Timeline
GEHCGE HEALTHCARE TECHNOLOGIES IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,177,955 shares; 2024Q4: 1,410,676 shares; 2025Q1: 1,744,318 shares 1,744,318$141M4.92%+333,642Timeline
AXTAAXALTA COATING SYS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,041,779 shares; 2024Q4: 3,392,644 shares; 2025Q1: 3,913,488 shares 3,913,488$130M4.53%+520,844Timeline
ABTABBOTT LABORATORIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 804,480 shares; 2024Q4: 913,824 shares; 2025Q1: 926,517 shares 926,517$123M4.29%+12,693Timeline
PCGPG&E CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,487,636 shares; 2024Q4: 7,598,535 shares; 2025Q1: 6,584,587 shares 6,584,587$113M3.95%-1,013,948Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 393,229 shares; 2024Q4: 378,290 shares; 2025Q1: 466,107 shares 466,107$104M3.62%+87,817Timeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 303,526 shares; 2024Q4: 300,248 shares; 2025Q1: 385,452 shares 385,452$103M3.61%+85,204Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 652,185 shares; 2024Q4: 688,622 shares; 2025Q1: 664,902 shares 664,902$103M3.59%-23,720Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 176,104 shares; 2024Q4: 170,027 shares; 2025Q1: 191,409 shares 191,409$97.3M3.4%+21,382Timeline
SUSUNCOR ENERGY INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,763,193 shares; 2024Q4: 2,740,637 shares; 2025Q1: 2,441,657 shares 2,441,657$94.5M3.3%-298,980Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,221,713 shares; 2024Q4: 1,206,354 shares; 2025Q1: 1,340,162 shares 1,340,162$94.1M3.29%+133,808Timeline
NKENIKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 547,481 shares; 2024Q4: 1,159,902 shares; 2025Q1: 1,418,917 shares 1,418,917$90.1M3.15%+259,015Timeline
VRTVERTIV HOLDINGS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,790,995 shares; 2024Q4: 1,067,653 shares; 2025Q1: 1,207,062 shares 1,207,062$87.1M3.04%+139,409Timeline
STESTERIS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 259,511 shares; 2024Q4: 255,691 shares; 2025Q1: 370,784 shares 370,784$84M2.93%+115,093Timeline
ESIELEMENT SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,849,169 shares; 2024Q4: 3,174,466 shares; 2025Q1: 3,680,449 shares 3,680,449$83.2M2.91%+505,983Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 259,905 shares; 2024Q4: 256,099 shares; 2025Q1: 232,345 shares 232,345$81.4M2.84%-23,754Timeline
GPGIGPGI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,844,941 shares; 2024Q4: 4,579,143 shares; 2025Q1: 7,339,015 shares 7,339,015$79.8M2.79%+2,759,872Timeline
APOAPOLLO GLOBAL MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 783,012 shares; 2024Q4: 492,749 shares; 2025Q1: 431,320 shares 431,320$59.1M2.06%-61,429Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 92,099 shares; 2024Q4: 74,484 shares; 2025Q1: 95,798 shares 95,798$51M1.78%+21,314Timeline
CZRCAESARS ENTERTAINMENT INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,578,232 shares; 2024Q4: 1,690,657 shares; 2025Q1: 1,828,732 shares 1,828,732$45.7M1.6%+138,075Timeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31 shares; 2024Q4: 26 shares; 2025Q1: 24 shares 24$19.2M0.67%-2Timeline
RHLDRESOLUTE HLDGS MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 540,002 shares 540,002$16.9M0.59%newTimeline
SGUSTAR GROUP LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 164,620 shares; 2024Q4: 164,620 shares; 2025Q1: 150,535 shares 150,535$1.98M0.07%-14,085Timeline
CECELANESE CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 15,150 shares 15,150$860K0.03%newTimeline
BLDTOPBUILD CORQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,605 shares 2,605$794K0.03%newTimeline
LIILENNOX INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,800 shares; 2025Q1: 1,400 shares 1,400$785K0.03%-400Timeline
GWWWW GRAINGER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 790 shares 790$780K0.03%newTimeline
IPINTERNATIONAL PAPER COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,200 shares; 2024Q4: not reported; 2025Q1: 14,380 shares 14,380$767K0.03%newTimeline
AITAPPLIED INDL TECHNOLOGIES INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 3,400 shares 3,400$766K0.03%newTimeline
IFFINTERNATIONAL FLAVORS&FRAGRAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,000 shares; 2024Q4: 14,000 shares; 2025Q1: 9,836 shares 9,836$763K0.03%-4,164Timeline
TDYTELEDYNE TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,530 shares 1,530$761K0.03%newTimeline
TTTRANE TECHNOLOGIES PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,350 shares; 2024Q4: not reported; 2025Q1: 2,250 shares 2,250$758K0.03%newTimeline
FTVFORTIVE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 10,200 shares 10,200$746K0.03%newTimeline
PKGPACKAGING CORP AMERQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 5,000 shares; 2025Q1: 3,750 shares 3,750$743K0.03%-1,250Timeline
SEESEALED AIR CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 24,875 shares 24,875$719K0.03%newTimeline
URIUNITED RENTALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,110 shares 1,110$696K0.02%newTimeline
FIXCOMFORT SYS USA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,400 shares; 2024Q4: not reported; 2025Q1: 2,130 shares 2,130$687K0.02%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
SPYSTATE STR SPDR S&P 500 ETF T SHSput367,500$206Mnew
ELVELEVANCE HEALTH INC FORMERLY COMcall78,300$34.1M-25,500
ABTABBOTT LABORATORIES COMcall168,500$22.4M-180,200
PCGPG&E CORP Stockcall645,000$11.1Mnew
NKENIKE INC COMput157,500$10Mnew
ABTABBOTT LABORATORIES COMput73,000$9.68Mnew
CZRCAESARS ENTERTAINMENT INC NE COMcall18,400$460K0

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
UNHUNITEDHEALTH GROUP INC158,147$80Mshares
WMWASTE MGMT INC DEL184,000$37.1Mcall
VRTVERTIV HOLDINGS CO250,100$28.4Mput
LINLINDE PLC49,200$20.6Mcall
RHRH44,962$17.7Mshares
GEHCGE HEALTHCARE TECHNOLOGIES I184,500$14.4Mcall
VVISA INC24,000$7.58Mcall
VISVANGUARD WORLD FD28,500$7.25Mshares
UNHUNITEDHEALTH GROUP INC12,300$6.22Mcall
SONSONOCO PRODS CO23,200$1.13Mshares
EXPDEXPEDITORS INTL WASH INC9,800$1.09Mshares
XLISELECT SECTOR SPDR TR1,700$224Kshares
DINOHF SINCLAIR CORP6,164$216Kshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001349434-25-000002 base2025-05-12acceptance time not in the bulk data set