Route One Investment Company, L.P.

CIK 0001512171 · Q1 2026

13F Equity AUM

$2.3B

-12.7% QoQ

Positions

+3 QoQ

AUM Rank

#1,634

Top 13%

Skill Alpha (FF)

+3.5%/yr^ns

No Clear Edge

Rank #824 · Top 10%

vs S&P -0.1%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 50.5%Top 10: 78.8%Top 20: 100.0%

POST12.4%

GWRE11.8%

AMZN9.2%

NYT8.8%

GOOG8.4%

SCHW6.7%

UNH6.1%

TMO5.4%

HLF5.2%

KRC4.9%

Others (9)21.2%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Consumer Defensive19.9%

Communication Services17.2%

Technology14.0%

Healthcare12.9%

Consumer Cyclical12.4%

Financial Services11.7%

Real Estate7.9%

Energy3.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

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Position Changes This Quarter

New4Increased7Decreased6Exited1

New Positions

MLB13.3%

+45K

SPY2.8%

+100K

GGAL1.1%

+579K

BMA1.1%

+332K

Increased

KRC4.9%

+1.1M(+38%)

VIST3.9%

+193K(+19%)

GWRE11.8%

+179K(+11%)

TBBB2.3%

+144K(+10%)

HLF5.2%

+65K(+1%)

VEEV1.4%

+27K(+17%)

UNH6.1%

+26K(+5%)

Decreased

NYT8.8%

-646,650(-21%)

ESS3.1%

-235,065(-44%)

POST12.4%

-185,900(-6%)

SCHW6.7%

-156,100(-8%)

AMZN9.2%

-105,800(-9%)

TMO5.4%

-4,900(-2%)

Exited

IWM

-1,200,000

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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