0001387131-20-005363.txt : 20200601 0001387131-20-005363.hdr.sgml : 20200601 20200601121639 ACCESSION NUMBER: 0001387131-20-005363 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200331 FILED AS OF DATE: 20200601 PERIOD START: 20201231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EAGLE CAPITAL GROWTH FUND, INC. CENTRAL INDEX KEY: 0000850027 IRS NUMBER: 311274796 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-05807 FILM NUMBER: 20932147 BUSINESS ADDRESS: STREET 1: 225 EAST MASON STREET STREET 2: SUITE 802 CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414-765-1107 MAIL ADDRESS: STREET 1: 225 EAST MASON STREET STREET 2: SUITE 802 CITY: MILWAUKEE STATE: WI ZIP: 53202 FORMER COMPANY: FORMER CONFORMED NAME: NAIC GROWTH FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: BETTER INVESTING FUND INC DATE OF NAME CHANGE: 19890716 NPORT-P 1 primary_doc.xml NPORT-P false 0000850027 XXXXXXXX EAGLE CAPITAL GROWTH FUND, INC. 811-05807 0000850027 549300W62OY0IQ0RFS14 225 East Mason Street Suite 802 Milwaukee 53202-3657 4147651107 N/A N/A 2020-12-31 2020-03-31 N 30128979 30597 30098382 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N Alphabet Inc N/A Class A common 02079K305 500 NS USD 580975 1.9 Long EC CORP US N 1 N N N Automatic Data Processing N/A Common 053015103 6000 NS USD 820080 2.7 Long EC CORP US N 1 N N N AutoZone Inc. N/A Common 053332102 750 NS USD 634500 2.1 Long EC CORP US N 1 N N N Berkshire Hathaway Inc. N/A Class B common 084670704 32000 NS USD 5850560 19.5 Long EC CORP US N 1 N N N Colgate-Palmolive Co. N/A Common 194162103 24000 NS USD 1592640 5.3 Long EC CORP US N 1 N N N Morgan Stanley Institutional Liquidity Fund Treasury Port 549300D1XR6GP7EZ0T47 Money market fund investment 61747C582 2277458.12 NS USD 2277458.13 7.6 Long STIV RF US N 1 N N N Diamond Hill Investment Group Inc. N/A Common 25264R207 13711 NS USD 1237280.64 4.1 Long EC CORP US N 1 N N N eBay Inc. N/A Common 278642103 42900 NS USD 1289574 4.3 Long EC CORP US N 1 N N N Franklin Resources, Inc. N/A Common 354613101 77500 NS USD 1293475 4.3 Long EC CORP US N 1 N N N General Motors Co. N/A Common 37045V100 30000 NS USD 623400 2.1 Long EC CORP US N 1 N N N Illinois Tool Works Inc. N/A Common 452308109 9000 NS USD 1279080 4.3 Long EC CORP US N 1 N N N Johnson & Johnson N/A Common 478160104 4000 NS USD 524520 1.7 Long EC CORP US N 1 N N N Kimberly Clark Corp N/A Common 500754106 3500 NS USD 447545 1.5 Long EC CORP US N 1 N N N Markel Corp N/A Common 570535104 1300 NS USD 1206257 4 Long EC CORP US N 1 N N N Mastercard Inc N/A Common 57636Q104 1000 NS USD 241560 0.8 Long EC CORP US N 1 N N N O Reilly Automotive Inc N/A Common 67103H107 2000 NS USD 602100 2 Long EC CORP US N 1 N N N Paychex, Inc N/A Common 704326107 20000 NS USD 1258400 4.2 Long EC CORP US N 1 N N N PepsiCo, Inc FJSUNZKFNQ5YPJ5OT455 Common 713448108 10000 NS USD 1201000 4.2 Long EC CORP US N 1 N N N Procter & Gamble Co N/A Common 742718109 2000 NS USD 220000 0.7 Long EP CORP US N 1 N N N Schwab Charles Corp N/A Common 808513105 20000 NS USD 672400 2.2 Long EC CORP US N 1 N N N Starbucks Corp N/A Common 855244109 22000 NS USD 1446280 4.8 Long EC CORP US N 1 N N N Stryker Corp 5493002F0SC4JTBU5137 Common 863667101 6400 NS USD 1065536 3.5 Long EC CORP US N 1 N N N T Rowe Price Group Inc N/A Common 74144T108 13800 NS USD 1347570 4.5 Long EC CORP US N 1 N N N The Kraft Heinz Co N/A Common 500754106 29000 NS USD 717460 2.4 Long EC CORP US N 1 N N N Visa Inc N/A Common A share 57636Q104 1500 NS USD 241680 0.8 Long EC CORP US N 1 N N N Waters Corp N/A Common 941848103 6000 NS USD 1092300 3.6 Long EC CORP US N 1 N N N Wells Fargo Co N/A Common 949746101 10000 NS USD 287000 1 Long EC CORP US N 1 N N N 2020-06-01 EAGLE CAPITAL GROWTH FUND, INC. /s/ David Sims David Sims Chief Financial Officer XXXX NPORT-EX 2 nport_ex-033120.htm SCHEDULE OF INVESTMENTS
SCHEDULE OF INVESTMENTS
Eagle Capital Growth Fund, Inc.
Portfolio of Investments (as of March 31, 2020) (unaudited)

Common Stocks (92.4% of Total Investments)
                        
Industry
              
LEVEL ONE
        
Automotive
  
Shares
    
Cost
    
Market Value
    
% Total Inv.
  
General Motors Company
    
30,000
      
1,000,547
    
$
623,400
        
                   
$
623,400
      
2.1
%
Bank
                                
Wells Fargo & Co.
    
10,000
      
403,661
      
287,000
          
                   
$
287,000
      
1.0
%
Brokerage
                                
Charles Schwab Corp
    
20,000
      
807,900
      
672,400
          
                   
$
672,400
      
2.2
%
Credit Card
                                
Mastercard Inc
    
1,000
      
219,636
      
241,560
          
Visa Inc.
    
1,500
      
225,957
      
241,680
          
                   
$
483,240
      
1.6
%
Consumer
                                
Colgate-Palmolive Co.
    
24,000
      
810,965
      
1,592,640
          
Kimberly-Clark Corp.
    
3,500
      
352,236
      
447,545
          
Procter & Gamble Company
    
2,000
      
145,879
      
220,000
          
                   
$
2,260,185
      
7.5
%
Data Processing
                                
Automatic Data Processing, Inc.
    
6,000
      
169,333
      
820,080
          
Paychex, Inc.
    
20,000
      
628,288
      
1,258,400
          
                   
$
2,078,480
      
6.9
%
Drug/Medical Device
                                
Johnson & Johnson
    
4,000
      
45,500
      
524,520
          
Stryker Corp.
    
6,400
      
27,100
      
1,065,536
          
                   
$
1,590,056
      
5.3
%
Food
                                
Kraft Heinz Company
    
29,000
      
772,000
      
717,460
          
PepsiCo, Inc.
    
10,000
      
168,296
      
1,201,000
          
                   
$
1,918,460
      
6.4
%
Industrial
                                
Illinois Tool Works Inc.
    
9,000
      
379,352
      
1,279,080
          
Waters Corp.*
    
6,000
      
302,341
      
1,092,300
          
                   
$
2,371,380
      
7.9
%
Insurance
                                
Berkshire Hathaway Inc. B*
    
32,000
      
5,477,937
      
5,850,560
          
Markel Corp.*
    
1,300
      
831,360
      
1,206,257
          
                   
$
7,056,817
      
23.5
%
Mutual Fund Managers
                                
Diamond Hill Investment Group
    
13,711
      
2,097,120
      
1,237,281
          
Franklin Resources, Inc.
    
77,500
      
2,311,283
      
1,293,475
          
T. Rowe Price Group Inc.
    
13,800
      
960,374
      
1,347,570
          
                   
$
3,878,326
      
12.9
%
Restaurant
                                
Starbucks Corp.
    
22,000
      
1,212,734
      
1,446,280
          
                   
$
1,446,280
      
4.8
%
Retail
                                
AutoZone Inc.*
    
750
      
398,782
      
634,500
          
eBay Inc.
    
42,900
      
1,072,753
      
1,289,574
          
O'Reilly Automotive Inc.*
    
2,000
      
407,379
      
602,100
          
                   
$
2,526,174
      
8.4
%
Software
                                
Alphabet, Inc. A*
    
500
      
583,844
      
580,975
          
                   
$
580,975
      
1.9
%
                                 
Total common stock investments
                  
$
27,773,173
          
                                 
Money Market Funds (7.6% of total investments)
                  
LEVEL ONE
          
Morgan Stanley Inst. Liquidity Fund, Treasury, 0.64%
                  
$
2,277,458
      
7.6
%
Total investments
                  
$
30,050,631
          
All other assets
                    
78,349
          
Accrued investment advisory fees
                    
(21,005
)
        
All other liabilities
                    
(9,593
)
        
 
                                
Total net assets
                  
$
30,098,382
          
*Non-dividend paying security
                                

Footnote:

The following information is based upon federal income tax cost of portfolio investments, excluding money market investments, as of March 31, 2020:

Gross unrealized appreciation
  
$
9,041,184
  
Gross unrealized depreciation
    
3,080,570
  
Net unrealized appreciation
  
$
5,960,614
  
         
Federal income tax basis
  
$
21,812,558