Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public)

SCHEDULE OF INVESTMENTS

Eagle Capital Growth Fund, Inc.

Portfolio of Investments (as of September 30, 2023) (unaudited)

 

Common Stock (89.0% of total investments)
Industry										LEVEL ONE
Advertising		Shares				Cost				Market Value				% Total Inv.
Alphabet, Inc. A*			17,000				1,376,922				2,224,620
MediaAlpha, Inc.*			9,876				166,690				81,576
										$	2,306,196				(6.3	%)
Bank
JPMorgan Chase & Co			3,000				390,311				435,060
US Bancorp.			24,000				941,508				793,440
Wells Fargo & Co.			10,000				403,661				408,600
										$	1,637,100				(4.0	%)
Brokerage
Charles Schwab Corp.			34,000				1,760,697				1,866,600
										$	1,866,600				(5.1	%)
Conglomerate
Berkshire Hathaway Inc. B*			21,000				3,205,343				7,356,300
										$	7,356,300				(19.9	%)
Consumer
Colgate-Palmolive Company			21,000				626,458				1,493,310
Procter & Gamble Company			2,000				145,879				291,720
										$	1,785,030				(4.3	%)
Credit Card
Mastercard Inc			1000				219636.1				395910
Visa Inc.			1500				225957.45				345015
										$	740,925				(1.8	%)
Data Processing
Automatic Data Processing, Inc.			3000				82774.56				721740
Paychex, Inc.			6000				140074.91				691980
										$	1,413,720				(3.8	%)
Drug/Medical Device
Johnson & Johnson			3071				34932.62				478308.25
Stryker Corp.			4500				19054.69				1229715
										$	1,708,023				(4.6	%)
Food
Kraft Heinz Company			29,000				772,000				975,560
PepsiCo, Inc.			10,000				168,296				1,694,400
										$	2,669,960				(6.4	%)
Industrial
Danaher Corporation			1,000				254,997				248,100
Illinois Tool Works Inc.			7,000				295,051				1,612,170
Waters Corp.*			2,000				100,780				548,420
										$	2,408,690				(5.8	%)
Insurance
Markel Corp.*			1,670				1,296,670				2,459,058
										$	2,459,058				(5.9	%)
Mutaul Fund Management
Diamond Hill Investment Group, Inc.			9,576				1,338,331				1,614,226
Franklin Resources, Inc.			70,000				1,794,630				1,720,600
T. Rowe Price Group Inc.			18,400				2,399,683				1,929,608
										$	5,264,434				(12.7	%)

 

 

  

Restaurant
Starbucks Corp.			12,000				588,432				1,095,240
										$	1,095,240				(2.6	%)
Retail
AutoZone Inc.*			600				319,026				1,523,994
eBay Inc.			3,000				68,886				132,270
O'Reilly Automotive Inc.*			1,500				305,534				1,363,290
										$	3,019,554				(8.2	%)
Technology Services
Amazon.com Inc.			9,000				915,707				1,144,080
										$	1,144,080				(3.1	%)
Total common stock investments										$	36,874,910
Money Market Funds (11.0% of total investments)											LEVEL ONE
Morgan Stanley Inst. Liquidity Fund, Treasury, 5.34%											4,539,439
Total investments										$	41,414,349
All other assets less liabilities											39,765
Total net assets										$	41,454,113
*Non-dividend paying security

 

Footnote:

The following information is based upon federal income tax costs of portfolio investments, excluding money market investments, as of September 30, 2023:

 

Gross unrealized appreciation:		$	17,675,922
Gross unrealized depreciation:			1,083,995
Net unrealized appreciation:		$	16,591,928

 

Federal income tax basis: $20,357,923

 

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