Central Securities Corp.
Central Securities Corporation is a publicly owned, closed-end investment company founded in 1929 and headquartered in New York City. With a small team of approximately 6 employees, Central Securities manages assets for its shareholders by investing primarily in public equities as well as bonds and other securities in the United States. The firm serves both retail and institutional investors by offering a single closed-end fund listed on the NYSE American exchange.
Investment Strategy
Central Securities Corporation seeks long-term growth of capital as its primary investment objective, with income received from investments considered a secondary goal. The firm invests primarily in equities it believes are undervalued at the time of purchase and have the potential for growth. Its approach focuses on value and growth, seeking companies expected to generate superior returns compared to the broader market while emphasizing the preservation of capital in inflationary environments.
Top Holdings
Equity Positions (27)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
P PGR | PROGRESSIVE CORP | 9.42% | $106.7M | 400,000 | $59.99 | $266.86 | -$6.5M |
A ADI | ANALOG DEVICES INC | 7.77% | $88.1M | 370,000 | $47.49 | $238.02 | +$9.4M |
G GOOGL | ALPHABET INC | 6.92% | $78.4M | 445,000 | $62.35 | $176.23 | +$8.8M |
M META | META PLATFORMS INC | 6.51% | $73.8M | 100,000 | $339.73 | $738.09 | +$16.2M |
S SCHW | SCHWAB CHARLES CORP | 6.44% | $73.0M | 800,000 | $39.24 | $91.24 | +$10.4M |