Beck Mack & Oliver LLC
Beck, Mack & Oliver LLC is an independent, partner-owned investment management firm founded in 1931 and headquartered in New York, NY. The firm manages approximately $5.8 billion in assets, serving families, endowments, and family offices. It offers separately managed accounts, equity, fixed income, cash management, and mutual fund products. The firm employs fewer than 25 people and is known for providing a highly personalized, collaborative client experience.
Investment Strategy
Beck, Mack & Oliver employs a concentrated portfolio approach, typically investing in 20-25 businesses that generate economic returns well above their cost of capital, are run by capable, well-incentivized management teams, and trade at reasonable prices. The strategy emphasizes intensive fundamental research, a disciplined focus on high-quality businesses, and a long-term orientation. The firm also manages mutual funds, such as the BM+O Partners Fund, prioritizing long-term capital appreciation while being attentive to capital preservation.
Top Holdings
Equity Positions (182)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A APO | APOLLO GLOBAL MGMT INC | 7.59% | $397.8M | 2,803,762 | $73.22 | $141.87 | +$4.4M |
B BX | BLACKSTONE INC. | 6.33% | $331.5M | 2,216,245 | $48.32 | $149.58 | +$15.8M |
M MSFT | MICROSOFT CORP | 6.14% | $321.8M | 646,907 | $57.78 | $497.41 | +$61.5M |
A AHT.L | ASHTEAD GROUP PLC | 4.29% | $224.9M | 3,512,867 | $3683.20 | $4669.00 | +$45.4M |
A AJG | GALLAGHER ARTHUR J | 4.29% | $224.5M | 701,443 | $155.06 | $320.12 | -$45.7M |