Route One Investment Company, L.P.

CIK 0001512171 · Q2 2026

13F Equity AUM

$2.5B

+6.0% QoQ

Positions

+1 QoQ

AUM Rank

#2,105

Top 17%

Skill Alpha (FF)

+3.3%/yr^ns

No Clear Edge

Rank #990 · Top 12%

vs S&P +0.2%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 45.9%Top 10: 77.4%Top 20: 100.0%

POST10.5%

AMZN9.9%

GWRE9.1%

GOOG8.3%

UNH8.1%

SCHW8.1%

NYT6.9%

KRC6.4%

TMO5.6%

MLB14.5%

Others (10)22.6%

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

Sector Allocation

Consumer Defensive18.6%

Financial Services16.4%

Healthcare15.3%

Communication Services15.2%

Consumer Cyclical14.3%

Technology10.6%

Real Estate6.4%

Energy3.1%

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

Position Sizing

Positions: 20Median: 4.44%Avg: 5.00%

0–0.5%

0(0.0%)

0.5–1%

0(0.0%)

1–3%

7(11.3%)

3–5%

4(15.7%)

5%+

9(73.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 20vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New2Increased7Decreased2Exited1

New Positions

V1.5%

+107K

MA1.4%

+71K

Increased

TBBB3.7%

+695K(+45%)

SCHW8.1%

+508K(+30%)

KRC6.4%

+199K(+5%)

HLF4.4%

+122K(+1%)

VEEV1.5%

+29K(+16%)

TMO5.6%

+22K(+8%)

MLB14.5%

+21K(+46%)

Decreased

GOOG8.3%

-105,030(-15%)

UNH8.1%

-45,150(-8%)

Exited

ESS

-297,912

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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