ALTA CAPITAL MANAGEMENT LLC/

SALT LAKE CITY, UT · CIK 1093589 · 13F filing filed 2025-07-28

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

$1.8bn reported value +14.0% vs Q1 2025

94positions

44.9%in top 10

7 new 59 added 19 reduced 1 sold out vs Q1 2025

Also in the report of:

Advisory Services Network, LLC – $1.0m of shares are in both reports

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

Holdings, Q2 2025

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	NVIDIA CORPORATION COM NVDA	NVDA	779,773	$123.2m7.01%	7.01%	Added +100.6k	+100,582 14.8%
2	AMAZON COM INC COM AMZN	AMZN	476,302	$104.5m5.95%	5.95%	Added +23.5k	+23,496 5.2%
3	ALPHABET INC CAP STK CL A GOOGL	GOOGL	573,763	$101.1m5.75%	5.75%	Added +2.4k	+2,443 0.4%
4	MICROSOFT CORP COM MSFT	MSFT	177,870	$88.5m5.03%	5.03%	Added +56	+56 0.0%
5	APPLE INC COM AAPL	AAPL	350,715	$72.0m4.09%	4.09%	Reduced -7.5k	-7,488 -2.1%
6	AMPHENOL CORP CL A APH	APH	672,876	$66.4m3.78%	3.78%	Reduced -33.2k	-33,177 -4.7%
7	BROADCOM INC COM AVGO	AVGO	221,584	$61.1m3.48%	3.48%	Added +8.0k	+7,972 3.7%
8	INTUIT COM INTU	INTU	73,904	$58.2m3.31%	3.31%	Added +2.3k	+2,274 3.2%
9	FISERV INC COM FISV	FISV	333,499	$57.5m3.27%	3.27%	Added +73.6k	+73,633 28.3%
10	MASTERCARD INCORPORATED CL A MA	MA	100,294	$56.4m3.21%	3.21%	Reduced -2.5k	-2,534 -2.5%
11	BOOKING HOLDINGS INC COM BKNG	BKNG	9,439	$54.6m3.11%	3.11%	Reduced -253	-253 -2.6%
12	TJX COS INC NEW COM TJX	TJX	436,622	$53.9m3.07%	3.07%	Added +13.6k	+13,564 3.2%
13	META PLATFORMS INC CL A META	META	69,470	$51.3m2.92%	2.92%	Added +53.0k	+53,003 321.9%
14	S&P GLOBAL INC COM SPGI	SPGI	87,137	$45.9m2.61%	2.61%	Added +2.9k	+2,860 3.4%
15	AUTOZONE INC COM AZO	AZO	12,239	$45.4m2.59%	2.59%	Added +1.6k	+1,622 15.3%
16	AUTODESK INC COM ADSK	ADSK	144,562	$44.8m2.55%	2.55%	Reduced -4.1k	-4,106 -2.8%
17	ADOBE INC COM ADBE	ADBE	106,884	$41.4m2.35%	2.35%	Reduced -13.4k	-13,392 -11.1%
18	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	50,792	$40.7m2.32%	2.32%	Added +1.6k	+1,634 3.3%
19	MERCADOLIBRE INC COM MELI	MELI	15,220	$39.8m2.26%	2.26%	Added +492	+492 3.3%
20	UNITEDHEALTH GROUP INC COM UNH	UNH	121,624	$37.9m2.16%	2.16%	Added +7.0k	+7,006 6.1%
21	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	89,333	$36.2m2.06%	2.06%	Added +4.2k	+4,208 4.9%
22	COPART INC COM CPRT	CPRT	642,285	$31.5m1.79%	1.79%	Added +26.0k	+26,022 4.2%
23	SHERWIN WILLIAMS CO COM SHW	SHW	91,024	$31.3m1.78%	1.78%	Added +2.6k	+2,622 3.0%
24	VISA INC COM CL A V	V	85,765	$30.5m1.73%	1.73%	Reduced -1.5k	-1,511 -1.7%
25	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	54,432	$26.4m1.50%	1.50%	Reduced -9.2k	-9,197 -14.4%
26	ZOETIS INC CL A ZTS	ZTS	165,389	$25.8m1.47%	1.47%	Added +2.9k	+2,895 1.8%
27	HOME DEPOT INC COM HD	HD	70,031	$25.7m1.46%	1.46%	Reduced -12.7k	-12,665 -15.3%
28	BOOZ ALLEN HAMILTON HLDG COR CL A BAH	BAH	240,183	$25.0m1.42%	1.42%	Added +14.5k	+14,547 6.5%
29	NOVO-NORDISK A S ADR NVO	NVO	307,717	$21.2m1.21%	1.21%	Added +19.1k	+19,130 6.6%
30	VERISIGN INC COM VRSN	VRSN	68,072	$19.7m1.12%	1.12%	Added +241	+241 0.4%
31	KINSALE CAP GROUP INC COM KNSL	KNSL	37,195	$18.0m1.02%	1.02%	Reduced -324	-324 -0.9%
32	CINTAS CORP COM CTAS	CTAS	77,033	$17.2m0.98%	0.98%	Added +4.3k	+4,336 6.0%
33	LOWES COS INC COM LOW	LOW	71,608	$15.9m0.90%	0.90%	Added +7.6k	+7,600 11.9%
34	GODADDY INC CL A GDDY	GDDY	83,116	$15.0m0.85%	0.85%	Added +6.0k	+6,026 7.8%
35	IDEXX LABS INC COM IDXX	IDXX	22,143	$11.9m0.68%	0.68%	Added +1.3k	+1,253 6.0%
36	ORACLE CORP COM ORCL	ORCL	51,124	$11.2m0.64%	0.64%	Added +24.2k	+24,226 90.1%
37	FEDERAL SIGNAL CORP COM FSS	FSS	104,259	$11.1m0.63%	0.63%	Added +37.0k	+37,006 55.0%
38	VISTRA CORP COM VST	VST	53,174	$10.3m0.59%	0.59%	Added +3.2k	+3,236 6.5%
39	RESTAURANT BRANDS INTL INC COM QSR	QSR	147,519	$9.8m0.56%	0.56%	Added +7.7k	+7,665 5.5%
40	WASTE MGMT INC DEL COM WM	WM	39,900	$9.1m0.52%	0.52%	Added +327	+327 0.8%
41	JPMORGAN CHASE & CO COM JPM	JPM	27,878	$8.1m0.46%	0.46%	Added +1.2k	+1,200 4.5%
42	NAPCO SEC TECHNOLOGIES INC COM NSSC	NSSC	242,414	$7.2m0.41%	0.41%	Reduced -165.6k	-165,577 -40.6%
43	CHEVRON CORP NEW COM CVX	CVX	43,316	$6.2m0.35%	0.35%	Added +3.3k	+3,303 8.2%
44	MARKEL GROUP INC COM MKL	MKL	2,823	$5.6m0.32%	0.32%	Added +263	+263 10.3%
45	AMERICAN TOWER CORP NEW COM AMT	AMT	23,359	$5.2m0.29%	0.29%	Added +980	+980 4.4%
46	UNION PAC CORP COM UNP	UNP	21,773	$5.0m0.29%	0.29%	Added +1.6k	+1,640 8.2%
47	AT&T INC COM T	T	169,005	$4.9m0.28%	0.28%	Reduced -27.9k	-27,851 -14.2%
48	CISCO SYS INC COM CSCO	CSCO	68,530	$4.8m0.27%	0.27%	Reduced -7.8k	-7,777 -10.2%
49	TEXAS INSTRS INC COM TXN	TXN	20,749	$4.3m0.25%	0.25%	Added +1.2k	+1,168 6.0%
50	MCDONALDS CORP COM MCD	MCD	14,585	$4.3m0.24%	0.24%	Added +707	+707 5.1%
51	LOCKHEED MARTIN CORP COM LMT	LMT	8,567	$4.0m0.23%	0.23%	Added +521	+521 6.5%
52	WEC ENERGY GROUP INC COM WEC	WEC	37,850	$3.9m0.22%	0.22%	Reduced -2.0k	-1,996 -5.0%
53	DOMINOS PIZZA INC COM DPZ	DPZ	8,724	$3.9m0.22%	0.22%	Added +792	+792 10.0%
54	ALTRIA GROUP INC COM MO	MO	63,450	$3.7m0.21%	0.21%	Added +2.4k	+2,401 3.9%
55	ALPHABET INC CAP STK CL C GOOG	GOOG	20,000	$3.5m0.20%	0.20%	Unchanged
56	EXTRA SPACE STORAGE INC COM EXR	EXR	23,957	$3.5m0.20%	0.20%	Reduced -5.1k	-5,052 -17.4%
57	BLACK HILLS CORP COM BKH	BKH	58,957	$3.3m0.19%	0.19%	Added +3.2k	+3,242 5.8%
58	FASTENAL CO COM FAST	FAST	77,578	$3.3m0.19%	0.19%	Added +3.6k	+3,590 4.8%
59	PEPSICO INC COM PEP	PEP	24,314	$3.2m0.18%	0.18%	Added +2.2k	+2,222 10.1%
60	AUTOMATIC DATA PROCESSING IN COM ADP	ADP	9,859	$3.0m0.17%	0.17%	Added +433	+433 4.6%
61	Guardian Cap Group COM COM		93,400	$2.9m0.17%	0.17%	Added +20.9k	+20,900 28.8%
62	ZIONS BANCORPORATION N A COM ZION	ZION	27,441	$1.4m0.08%	0.08%	Added +4.6k	+4,606 20.2%
63	KROGER CO COM KR	KR	17,696	$1.3m0.07%	0.07%	Added +4.7k	+4,650 35.6%
64	PHILLIPS 66 COM PSX	PSX	10,564	$1.3m0.07%	0.07%	Added +852	+852 8.8%
65	WALMART INC COM WMT	WMT	10,000	$977.8k0.06%	0.06%	Unchanged
66	BOEING CO COM BA	BA	3,940	$825.5k0.05%	0.05%	Added +500	+500 14.5%
67	ELI LILLY & CO COM LLY	LLY	1,035	$806.8k0.05%	0.05%	Unchanged
68	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	1	$728.8k0.04%	0.04%	Unchanged
69	BROADRIDGE FINL SOLUTIONS IN COM BR	BR	2,729	$663.3k0.04%	0.04%	Reduced -48.7k	-48,738 -94.7%
70	ABBVIE INC COM ABBV	ABBV	3,235	$600.5k0.03%	0.03%	Unchanged
71	OCCIDENTAL PETE CORP COM OXY	OXY	13,956	$586.3k0.03%	0.03%	Added +3.8k	+3,837 37.9%
72	TAKE-TWO INTERACTIVE SOFTWAR COM TTWO	TTWO	2,345	$569.5k0.03%	0.03%	Reduced -202	-202 -7.9%
73	TESLA INC COM TSLA	TSLA	1,397	$443.8k0.03%	0.03%	New
74	DOLLAR TREE INC COM DLTR	DLTR	4,330	$428.8k0.02%	0.02%	Added +320	+320 8.0%
75	ECOLAB INC COM ECL	ECL	1,500	$404.2k0.02%	0.02%	Unchanged
76	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	616	$380.6k0.02%	0.02%	New
77	ULTA BEAUTY INC COM ULTA	ULTA	768	$359.3k0.02%	0.02%	Added +33	+33 4.5%
78	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	1,580	$357.9k0.02%	0.02%	Added +310	+310 24.4%
79	ADAM NAT RES FD INC COM PEO	PEO	16,000	$341.9k0.02%	0.02%	Unchanged
80	DEERE & CO COM DE	DE	654	$332.7k0.02%	0.02%	Added +1	+1 0.1%
81	STARBUCKS CORP COM SBUX	SBUX	3,600	$329.9k0.02%	0.02%	Reduced -400	-400 -10.0%
82	VERTIV HOLDINGS CO COM CL A VRT	VRT	2,541	$326.4k0.02%	0.02%	New
83	YUM BRANDS INC COM YUM	YUM	2,103	$311.8k0.02%	0.02%	Added +587	+587 38.7%
84	SALESFORCE INC COM CRM	CRM	1,120	$305.4k0.02%	0.02%	New
85	RTX CORPORATION COM RTX	RTX	1,968	$287.4k0.02%	0.02%	Unchanged
86	MARRIOTT INTL INC NEW CL A MAR	MAR	1,032	$282.1k0.02%	0.02%	Added +3	+3 0.3%
87	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	881	$263.3k0.01%	0.01%	Unchanged
88	EXLSERVICE HOLDINGS INC COM EXLS	EXLS	5,929	$259.6k0.01%	0.01%	Added +535	+535 9.9%
89	STERIS PLC SHS USD STE	STE	1,042	$250.3k0.01%	0.01%	Reduced -92	-92 -8.1%
90	CORPAY INC COM SHS CPAY	CPAY	696	$230.9k0.01%	0.01%	Added +53	+53 8.2%
91	ROYAL BK CDA COM RY	RY	1,570	$206.5k0.01%	0.01%	New
92	WEG SA BRAZIL SPONSORED ADR COM WEGZY	WEGZY	15,100	$119.0k0.01%	0.01%	New
93	MURATA MANUFACTURING CO LTD COM MRAAY	MRAAY	15,512	$114.8k0.01%	0.01%	New
94	ITAU UNIBANCO HLDG S A SPON ADR REP PFD ITUB	ITUB	14,025	$95.2k0.01%	0.01%	Added +2.7k	+2,740 24.3%

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
YUM CHINA HLDGS INC YUMC	YUMC	5,190	$270.2k5.2k shares