Fenimore Asset Management Inc.
Fenimore Asset Management Inc is an independent, SEC-registered investment adviser headquartered in Cobleskill, NY. Founded over 50 years ago, Fenimore manages a suite of mutual funds (FAM Funds) and offers investment management solutions to individuals, high net worth investors, institutions, pensions, and charitable organizations. The firm is known for its personalized service, in-depth research process, and a focus on both local and national clients. As of 2025, Fenimore employs about 44 professionals.
Investment Strategy
Fenimore Asset Management emphasizes independent, in-depth fundamental research and seeks to invest in high-quality, attractively valued businesses with strong balance sheets and proven track records. Its investment philosophy centers on long-term ownership and understanding the underlying value of each holding. The firm builds concentrated portfolios across its FAM Funds, targeting companies with sustainable competitive advantages and prudent capital management, and prioritizes risk management and capital preservation.
Latest 13F Filing Activity
Fenimore Asset Management Inc. filed their most recent 13F report on Sep 30, 2025 disclosing 88 equity positions with a total 13F market value of $5B. The fund increased holdings in Agilent Technologies Inc., Ross Stores, Inc., Vulcan Materials among other positions. Fenimore Asset Management Inc. reduced exposure to Waters Corporation, Brown & Brown, Inc., Pinnacle Financial Partners, I among others.
Top Holdings
Equity Positions (88)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A APH | Amphenol Corp. | 5.09% | $253.7M | 2,050,259 | $37.32 | $123.75 | +$27.8M |
R ROST | Ross Stores, Inc. | 4.90% | $244.6M | 1,605,273 | $22.13 | $152.39 | +$39.8M |
V VMC | Vulcan Materials | 4.11% | $204.8M | 665,666 | $130.34 | $307.62 | +$31.1M |
B BRO | Brown & Brown, Inc. | 4.05% | $202.3M | 2,156,455 | $15.53 | $93.79 | -$35.0M |
S SYK | Stryker Corporation | 3.89% | $194.2M | 525,437 | $64.95 | $369.67 | -$13.4M |
Industry Allocation
Investment Team (10)
| Name | Role | Location | |
|---|---|---|---|
 | Principal | Santa Fe, NM , United States | |
 | Portfolio Manager | Schenectady, NY , United States | |
 | Portfolio Manager of the FAM Value Fund | New York, NY , United States | |
W William Preston | Portfolio Manager, FAM Dividend Focus Fund | Albany, NY , United States | |
 | Portfolio Manager | Memphis, TN , United States | |
 | Investment Research Analyst | Albany, NY , United States | |
D Drew Wilson | Analyst | Cobleskill, NY , United States | |
 | Investment Research Associate | Albany, NY , United States | |
 | Chief Investment Officer | Cobleskill, NY , United States | |
 | Fund Manager and Research Analyst | Cobleskill, NY , United States |