Bryan Lawrence
Oakcliff Capital
Bryan Lawrence (Oakcliff Capital) discloses a $268M portfolio across 9 US-listed positions in the latest 13F filing (2026Q2, filed Aug 13, 2026). The largest holding is IBKR at 33.4% of the book. The biggest move of the quarter: opened a new position in MCO ($15M). Mechanically cloning this 13F returned 17.2%/yr over the past 9.2 years, versus 14.8%/yr for the S&P 500 across that identical 9.2-year window.
Holdings (9) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | IBKR | 33.4% | $90M | |||
| 2 | GOOG | 15.6% | $42M | |||
| 3 | GIL | 13.1% | $35M | |||
| 4 | TDG | 12.0% | $32M | |||
| 5 | GWRE | 7.3% | $20M | |||
| 6 | MCO | 5.7% | $15M | |||
| 7 | SGU | 5.3% | $14M | |||
| 8 | LEN | 4.0% | $11M | |||
| 9 | NRP | 3.7% | $10M |
- 1IBKRport33.4%val$90MInteractive Brokers Gro-cl Athis Q hold·38q
- 2GOOGport15.6%val$42MAlphabet Inc-cl Cthis Q hold·37q
- 3GILport13.1%val$35MGildan Activewear Incthis Q hold·15q
- 4TDGport12.0%val$32MTransdigm Group Incthis Q hold·38q
- 5GWREport7.3%val$20MGuidewire Software Incthis Q hold·23q
- 6MCOport5.7%val$15MMoody's Corpthis Q New·—1q
- 7SGUport5.3%val$14MStar Group LPthis Q hold·38q
- 8LENport4.0%val$11MLennar Corp-athis Q hold·6q
- 9NRPport3.7%val$10MNatural Resource Partners LPthis Q hold·9q
2026Q2 moves, by size (1)(expand ↓)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| MCO | Moody's Corp | NEW | 5.7% | +100% | $15M |
- NEWMCO5.7%Moody's CorpΔ +100%·$15M
About Bryan Lawrence
Bryan Lawrence runs Oakcliff Capital, a small, intensely concentrated long-only equity fund that as of 2026 Q1 held just eight disclosed positions with 84% of the book in the top five. The portfolio reads like a high-conviction owner-operator checklist — Interactive Brokers, Gildan Activewear, Alphabet, TransDigm, and Guidewire — businesses that share durable competitive positions, strong free-cash-flow conversion, and management with meaningful skin in the game. Lawrence's background is in private equity rather than public markets, and that DNA shows: the fund trades infrequently, holds for years, and tolerates volatility in exchange for compounding. Because Oakcliff runs a straightforward long book with no known systematic options overlay or short book, the 13F is a reasonably complete picture of the strategy — the primary disclosure gap is the standard 45-day lag, meaningful only if the fund is actively turning over positions, which historically it has not been.
2026Q2 brief
Oakcliff Capital's $270M portfolio added one meaningful new position in Q2 2026 — MCO (Moody's Corporation) at 5.7% (~$15.5M) — a high-quality compounder that fits Lawrence's evident preference for businesses with durable pricing power and recurring revenue streams (IBKR, GOOG, TDG, GWRE all share that profile). IBKR remains the anchor at 33.4%, an unusually heavy concentration that signals deep conviction in Interactive Brokers' structural growth story in retail and institutional brokerage. The addition of MCO alongside existing holding GWRE (Guidewire, 7.3%) suggests Lawrence is tilting further toward financial infrastructure and data-moat businesses, a subtle but consistent thematic thread. GIL (Gildan Activewear, 13.1%) and LEN (Lennar, 4.0%) are the relative outliers — more cyclical and consumer-exposed — and bear watching given macro uncertainty. The portfolio is notably more concentrated than peers tracking similar compounding-quality names like Sequoia or Akre. Watch next filing: any sizing change in GIL, which looks increasingly out-of-step with the portfolio's financial-infrastructure tilt and could be a trim candidate.
AI-generated. Not investment advice.
Filing history
Bryan Lawrence's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.
| Quarter | Positions | Portfolio value |
|---|---|---|
| Q2 2026 — what changed → | 9 | $268M |
| Q1 2026 — what changed → | 8 | $227M |
| Q4 2025 — what changed → | 8 | $233M |
| Q3 2025 holdings | 8 | $232M |
| Q2 2025 — what changed → | 8 | $200M |
| Q1 2025 — what changed → | 10 | $190M |
| Q4 2024 holdings | 9 | $196M |
| Q3 2024 holdings | 9 | $199M |
| Q2 2024 holdings | 10 | $187M |
| Q1 2024 holdings | 10 | $167M |
| Q4 2023 holdings | 10 | $159M |
| Q3 2023 holdings | 9 | $146M |
Values as disclosed at each quarter end. Older filings on EDGAR.
Multibaggers Bryan Lawrence held
Stocks up 5x or more since Bryan Lawrence first held them at conviction size — the holding record behind the returns. Longest unbroken run and largest book weight are shown for each.
- CVNA13.4xCARVANA CO15q straight · peak 20.31%
- TDG12.3xTRANSDIGM GROUP INC37q straight · peak 24.58% · still holds
- IBKR11.2xINTERACTIVE BROKERS GRO-CL A37q straight · peak 30.61% · still holds
- GOOG10.6xALPHABET INC-CL C33q straight · peak 15.9% · still holds
- GOOGL10.1xALPHABET INC-CL A1q straight · peak 11.29%
Price multiple since the first quarter we observed a conviction holding (2014Q1 at the earliest), not Bryan Lawrence's realized return — entry price and trades between filings aren't disclosed. Peak weight is share of disclosed US 13F book. All 129 multibaggers the cohort held →
Frequently asked questions
- What stocks does Bryan Lawrence own?
- As of 2026Q2, Bryan Lawrence's 13F discloses 9 positions worth $268M. The top five holdings: IBKR (33.4%), GOOG (15.6%), GIL (13.1%), TDG (12.0%), GWRE (7.3%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Bryan Lawrence buy this quarter?
- In 2026Q2, the filing shows 1 new position and 0 additions to existing holdings. The largest positions touched by buying: MCO.
- How big is Bryan Lawrence's portfolio?
- $268M across 9 positions per the latest 13F (filed Aug 13, 2026). The top five holdings account for 81% of the disclosed book.
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Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001657335). Not investment advice.