ALTA CAPITAL MANAGEMENT LLC/

SALT LAKE CITY, UT · CIK 1093589 · 13F filing filed 2023-07-20

SEC-registered investment adviser since 1995 · limited liability company

Assets managed$1.6bn
Staff19 · 12 in investment roles
Main clients (by assets)High net worth individuals 40%, Individuals 23%, Companies 18%
Form ADV · 2026-06-26SEC adviser record

$1.5bn reported value +7.1% vs Q1 2023

89positions

42.1%in top 10

2 new 26 added 50 reduced 1 sold out vs Q1 2023

Also in the report of:

Advisory Services Network, LLC – $893.7k of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	APPLE INC COM AAPL	AAPL	517,404	$100.4m6.89%	6.89%	Reduced -24.8k	-24,753 -4.6%
2	ALPHABET INC CAP STK CL A GOOGL	GOOGL	819,225	$98.1m6.73%	6.73%	Reduced -70.0k	-70,024 -7.9%
3	ADOBE INC COM ADBE	ADBE	133,126	$65.1m4.47%	4.47%	Added +7.3k	+7,268 5.8%
4	MICROSOFT CORP COM MSFT	MSFT	186,919	$63.7m4.37%	4.37%	Reduced -11.9k	-11,854 -6.0%
5	FISERV INC COM FISV	FISV	409,869	$51.7m3.55%	3.55%	Reduced -15.9k	-15,878 -3.7%
6	MASTERCARD INCORPORATED CL A MA	MA	127,268	$50.1m3.44%	3.44%	Reduced -3.4k	-3,377 -2.6%
7	TJX COS INC NEW COM TJX	TJX	559,053	$47.4m3.25%	3.25%	Reduced -20.5k	-20,470 -3.5%
8	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	88,286	$46.1m3.16%	3.16%	Added +4.3k	+4,307 5.1%
9	AMPHENOL CORP CL A APH	APH	537,660	$45.7m3.14%	3.14%	Reduced -14.6k	-14,572 -2.6%
10	HOME DEPOT INC COM HD	HD	144,656	$44.9m3.08%	3.08%	Reduced -1.2k	-1,162 -0.8%
11	S&P GLOBAL INC COM SPGI	SPGI	110,217	$44.2m3.03%	3.03%	Reduced -3.3k	-3,259 -2.9%
12	MARKEL GROUP INC COM MKL	MKL	31,153	$43.1m2.96%	2.96%	Reduced -703	-703 -2.2%
13	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	287,504	$42.3m2.90%	2.90%	Reduced -9.9k	-9,906 -3.3%
14	BOOKING HOLDINGS INC COM BKNG	BKNG	14,918	$40.3m2.77%	2.77%	Reduced -1.2k	-1,192 -7.4%
15	VISA INC COM CL A V	V	159,379	$37.8m2.60%	2.60%	Reduced -2.9k	-2,938 -1.8%
16	UNITEDHEALTH GROUP INC COM UNH	UNH	77,352	$37.2m2.55%	2.55%	Added +14.6k	+14,640 23.3%
17	AUTODESK INC COM ADSK	ADSK	181,113	$37.1m2.54%	2.54%	Reduced -3.3k	-3,292 -1.8%
18	RESTAURANT BRANDS INTL INC COM QSR	QSR	468,442	$36.3m2.49%	2.49%	Reduced -12.1k	-12,050 -2.5%
19	ZEBRA TECHNOLOGIES CORPORATI CL A ZBRA	ZBRA	121,444	$35.9m2.47%	2.47%	Added +7.1k	+7,103 6.2%
20	INTUIT COM INTU	INTU	77,812	$35.7m2.45%	2.45%	Added +13.7k	+13,706 21.4%
21	DISNEY WALT CO COM DIS	DIS	398,278	$35.6m2.44%	2.44%	Reduced -7.4k	-7,448 -1.8%
22	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	105,616	$32.6m2.24%	2.24%	Reduced -1.4k	-1,408 -1.3%
23	SHERWIN WILLIAMS CO COM SHW	SHW	117,853	$31.3m2.15%	2.15%	Reduced -2.9k	-2,903 -2.4%
24	ZOETIS INC CL A ZTS	ZTS	176,709	$30.4m2.09%	2.09%	Reduced -3.9k	-3,875 -2.1%
25	DOLLAR GEN CORP NEW COM DG	DG	163,356	$27.7m1.90%	1.90%	Added +117.0k	+116,963 252.1%
26	ICON PLC SHS ICLR	ICLR	108,561	$27.2m1.86%	1.86%	Reduced -877	-877 -0.8%
27	PAYPAL HLDGS INC COM PYPL	PYPL	351,476	$23.5m1.61%	1.61%	Reduced -8.2k	-8,223 -2.3%
28	NVIDIA CORPORATION COM NVDA	NVDA	51,216	$21.7m1.49%	1.49%	Reduced -21.9k	-21,943 -30.0%
29	BROADRIDGE FINL SOLUTIONS IN COM BR	BR	118,356	$19.6m1.35%	1.35%	Reduced -1.2k	-1,172 -1.0%
30	AMAZON COM INC COM AMZN	AMZN	150,103	$19.6m1.34%	1.34%	Added +15.3k	+15,348 11.4%
31	RTX CORPORATION COM RTX	RTX	193,762	$19.0m1.30%	1.30%	Reduced -6.0k	-6,045 -3.0%
32	LOWES COS INC COM LOW	LOW	72,568	$16.4m1.12%	1.12%	Reduced -2.6k	-2,554 -3.4%
33	COPART INC COM CPRT	CPRT	144,282	$13.2m0.90%	0.90%	Reduced -44.6k	-44,619 -23.6%
34	FLEETCOR TECHNOLOGIES INC COM COM		50,424	$12.7m0.87%	0.87%	Reduced -1.9k	-1,909 -3.6%
35	CINTAS CORP COM CTAS	CTAS	24,512	$12.2m0.84%	0.84%	Reduced -1.2k	-1,184 -4.6%
36	GODADDY INC CL A GDDY	GDDY	144,995	$10.9m0.75%	0.75%	Reduced -2.7k	-2,652 -1.8%
37	NAPCO SEC TECHNOLOGIES INC COM NSSC	NSSC	300,790	$10.4m0.72%	0.72%	Reduced -9.4k	-9,439 -3.0%
38	POOL CORP COM POOL	POOL	23,814	$8.9m0.61%	0.61%	Added +6.2k	+6,225 35.4%
39	TELEFLEX INCORPORATED COM TFX	TFX	29,964	$7.3m0.50%	0.50%	Reduced -1.3k	-1,313 -4.2%
40	IDEXX LABS INC COM IDXX	IDXX	13,858	$7.0m0.48%	0.48%	Reduced -406	-406 -2.9%
41	CONSTELLATION BRANDS INC CL A STZ	STZ	17,494	$4.3m0.30%	0.30%	Reduced -35.8k	-35,810 -67.2%
42	JPMORGAN CHASE & CO COM JPM	JPM	26,547	$3.9m0.27%	0.27%	Reduced -190	-190 -0.7%
43	PHILLIPS 66 COM PSX	PSX	38,052	$3.6m0.25%	0.25%	Added +761	+761 2.0%
44	VERIZON COMMUNICATIONS INC COM VZ	VZ	91,306	$3.4m0.23%	0.23%	Reduced -62	-62 -0.1%
45	JOHNSON & JOHNSON COM JNJ	JNJ	20,418	$3.4m0.23%	0.23%	Reduced -63	-63 -0.3%
46	Nestle SA ADR COM NSRGY	NSRGY	26,863	$3.2m0.22%	0.22%	Reduced -169	-169 -0.6%
47	AT&T INC COM T	T	189,324	$3.0m0.21%	0.21%	Added +3.2k	+3,165 1.7%
48	MCDONALDS CORP COM MCD	MCD	10,037	$3.0m0.21%	0.21%	Reduced -77	-77 -0.8%
49	AMERICAN TOWER CORP NEW COM AMT	AMT	14,836	$2.9m0.20%	0.20%	Added +241	+241 1.6%
50	UNITED PARCEL SERVICE INC CL B UPS	UPS	15,659	$2.8m0.19%	0.19%	Reduced -28	-28 -0.2%
51	CISCO SYS INC COM CSCO	CSCO	52,808	$2.7m0.19%	0.19%	Reduced -256	-256 -0.5%
52	BOOZ ALLEN HAMILTON HLDG COR CL A BAH	BAH	24,167	$2.7m0.19%	0.19%	Reduced -25	-25 -0.1%
53	PEPSICO INC COM PEP	PEP	14,146	$2.6m0.18%	0.18%	Reduced -53	-53 -0.4%
54	WEC ENERGY GROUP INC COM WEC	WEC	26,171	$2.3m0.16%	0.16%	Added +324	+324 1.2%
55	CVS HEALTH CORP COM CVS	CVS	30,780	$2.1m0.15%	0.15%	Added +22	+22 0.1%
56	EXTRA SPACE STORAGE INC COM EXR	EXR	12,960	$1.9m0.13%	0.13%	Added +97	+97 0.8%
57	UNION PAC CORP COM UNP	UNP	8,522	$1.7m0.12%	0.12%	Reduced -26	-26 -0.3%
58	LOCKHEED MARTIN CORP COM LMT	LMT	3,740	$1.7m0.12%	0.12%	Added +18	+18 0.5%
59	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	2,872	$1.3m0.09%	0.09%	Added +177	+177 6.6%
60	Guardian Cap Group COM COM		37,000	$1.2m0.08%	0.08%	Added +2.0k	+2,000 5.7%
61	BOEING CO COM BA	BA	5,323	$1.1m0.08%	0.08%	Unchanged
62	META PLATFORMS INC CL A META	META	3,774	$1.1m0.07%	0.07%	Reduced -344	-344 -8.3%
63	ZIONS BANCORPORATION N A COM ZION	ZION	33,660	$904.1k0.06%	0.06%	Added +12.9k	+12,913 62.2%
64	DOLLAR TREE INC COM DLTR	DLTR	6,170	$885.4k0.06%	0.06%	Unchanged
65	CHEVRON CORP NEW COM CVX	CVX	5,007	$788.0k0.05%	0.05%	Added +19	+19 0.4%
66	ALPHABET INC CAP STK CL C GOOG	GOOG	5,650	$683.5k0.05%	0.05%	Unchanged
67	ULTA BEAUTY INC COM ULTA	ULTA	1,387	$652.7k0.04%	0.04%	Reduced -14	-14 -1.0%
68	MATCH GROUP INC NEW COM MTCH	MTCH	14,410	$603.1k0.04%	0.04%	Reduced -92.1k	-92,136 -86.5%
69	KROGER CO COM KR	KR	12,781	$600.7k0.04%	0.04%	Added +37	+37 0.3%
70	STERIS PLC SHS USD STE	STE	2,355	$529.8k0.04%	0.04%	Reduced -497	-497 -17.4%
71	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	1	$517.8k0.04%	0.04%	Unchanged
72	ABBVIE INC COM ABBV	ABBV	3,610	$486.4k0.03%	0.03%	Unchanged
73	STARBUCKS CORP COM SBUX	SBUX	4,000	$396.2k0.03%	0.03%	Unchanged
74	DOMINOS PIZZA INC COM DPZ	DPZ	1,108	$373.6k0.03%	0.03%	Added +150	+150 15.7%
75	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	3,455	$348.7k0.02%	0.02%	Reduced -590	-590 -14.6%
76	YUM CHINA HLDGS INC COM YUMC	YUMC	5,988	$338.3k0.02%	0.02%	Added +5	+5 0.1%
77	CONOCOPHILLIPS COM COP	COP	3,100	$321.2k0.02%	0.02%	Unchanged
78	MERCADOLIBRE INC COM MELI	MELI	267	$316.3k0.02%	0.02%	Reduced -43	-43 -13.9%
79	TENCENT HOLDINGS LTD COM TCEHY	TCEHY	6,926	$294.3k0.02%	0.02%	Added +585	+585 9.2%
80	ECOLAB INC COM ECL	ECL	1,500	$280.0k0.02%	0.02%	Unchanged
81	DEERE & CO COM DE	DE	650	$263.4k0.02%	0.02%	Added +150	+150 30.0%
82	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	3,114	$259.6k0.02%	0.02%	Added +117	+117 3.9%
83	HDFC BANK LTD SPONSORED ADS HDB	HDB	3,113	$217.0k0.01%	0.01%	Unchanged
84	YUM BRANDS INC COM YUM	YUM	1,466	$203.2k0.01%	0.01%	New
85	DEVON ENERGY CORP NEW COM DVN	DVN	4,200	$203.0k0.01%	0.01%	New
86	CDW CORP COM CDW	CDW	1,095	$200.9k0.01%	0.01%	Reduced -144	-144 -11.6%
87	INFOSYS LTD SPONSORED ADR INFY	INFY	12,185	$195.8k0.01%	0.01%	Unchanged
88	WEG SA BRAZIL SPONSORED ADR COM WEGZY	WEGZY	16,550	$130.9k0.01%	0.01%	Added +4.0k	+3,972 31.6%
89	Magazine Luiza SA ADR COM COM		24,660	$66.8k0.00%	0.00%	Unchanged

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
FORTUNE BRANDS INNOVATIONS I FBIN	FBIN	3,960	$232.6k4.0k shares