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Running Oak Capital LLC
Seth Cogswell · Investment Advisor · Value
Founded in 2012 by Seth Cogswell, Running Oak Capital LLC is an Edina, Minnesota-based investment management firm. The firm specializes in its proprietary "Efficient Growth" investment strategy, which aims to outperform the S&P 500 through a disciplined, long-only approach that integrates both growth and value characteristics. Running Oak focuses on high-quality companies with durable earnings and manageable debt, employing a systematic process to manage downside risk and minimize volatility. The firm serves as an investment advisor to institutional and individual clients, managing the Running Oak Efficient Growth ETF (RUNN) and various separately managed accounts, reflecting its commitment to transparent, rules-based equity investing.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +13.7% |
| YTD return | +8.5% |
| Sharpe ratio | 3.84 |
| Win rate | 65% |
| AUM | $0.4B |
| Inception | Oct 1, 2025 |
| Updated | Sep 18, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.4B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://runningoak.com |
Current Holdings
Updated on Sep 18, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| GOOGL | Alphabet Inc Class A | 6.5% | +22.6% |
| CACI | CACI International Inc | 6.0% | +21.0% |
| CW | Curtiss-Wright Corporation | 5.9% | -5.1% |
| NVT | nVent Electric PLC | 5.6% | +28.0% |
| PH | Parker-Hannifin Corporation | 5.5% | +17.2% |
| EME | EMCOR Group Inc | 5.4% | +5.2% |
| IQV | IQVIA Holdings Inc | 5.3% | +39.9% |
| AME | Ametek Inc | 4.9% | +20.6% |
| TJX | The TJX Companies Inc | 4.8% | -12.8% |
| LDOS | Leidos Holdings Inc | 4.8% | -19.1% |
| GD | General Dynamics Corporation | 4.8% | +3.3% |
| SAIA | Saia Inc | 4.7% | +0.1% |
| TDY | Teledyne Technologies Incorporated | 4.6% | +1.7% |
| ITT | ITT Inc | 4.6% | +9.8% |
| TXRH | Texas Roadhouse Inc | 4.6% | -1.0% |
| ICLR | ICON PLC | 4.6% | +14.6% |
| RBA | RB Global Inc. | 4.4% | -20.9% |
| FCN | FTI Consulting Inc | 4.3% | -17.1% |
| GWW | WW Grainger Inc | 4.3% | +24.6% |
| FELE | Franklin Electric Co Inc | 4.3% | -4.4% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 14, 2026 | BUY | GWW | 4.3% → 4.3% |
| Sep 14, 2026 | BUY | FELE | 4.3% → 4.3% |
| Sep 14, 2026 | BUY | TJX | 4.8% → 4.8% |
| Sep 14, 2026 | SELL | EME | 5.4% → 5.4% |
| Sep 14, 2026 | BUY | PH | 5.5% → 5.5% |
Investment Style Analysis
Running Oak Capital LLC is widely recognized for employing a Value strategy. As of Sep 18, 2026, the firm oversees approximately $0.4B in assets under management (AUM). The portfolio demonstrates a clear preference for the Specialty Industrial Machinery and Information Technology Services sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 14, Running Oak Capital LLC made a significant move by increasing exposure to GWW. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Running Oak Capital's investment philosophy is centered on its proprietary "Efficient Growth" discipline, a systematic and long-only strategy that seeks to maximize risk-adjusted returns. The core tenet is to identify companies with high-quality earnings and sustainable growth while adhering to a strict valuation framework to ensure assets are purchased at attractive prices. By prioritizing firms with low leverage and manageable volatility, Running Oak aims to mitigate downside risk and achieve superior cumulative returns over a full economic cycle. This blend of growth potential and value-oriented capital preservation is implemented through a diversified portfolio focused on companies with robust cash flows and durable competitive advantages.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Running Oak Capital LLC.
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Frequently asked questions
How is the simulated portfolio for Running Oak Capital LLC constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Running Oak Capital LLC's largest holding?
As of the latest filing, Running Oak Capital LLC's top position is Alphabet Inc Class A (GOOGL), representing 6.5% of the portfolio. This reflects a high-conviction bet by the institution.
What is Running Oak Capital LLC's historical performance and risk profile?
Our simulation indicates a total return of +13.7% with a win rate of 65%. Notably, the portfolio maintains a Sharpe Ratio of 3.84, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Running Oak Capital LLC primarily invest in?
Running Oak Capital LLC has a strong preference for the Specialty Industrial Machinery sector, which makes up 19.3% of their disclosed assets. The portfolio also has exposure to Information Technology Services, indicating a specific thematic focus.
Is Running Oak Capital LLC's portfolio concentrated or diversified?
Running Oak Capital LLC runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 18.3% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Running Oak Capital LLC performed in 2026?
Our AI-simulated model portfolio for Running Oak Capital LLC tracks a Year-to-Date (YTD) return of +8.5%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Seth Cogswell manage Running Oak Capital LLC directly?
Yes, Seth Cogswell serves as the key portfolio manager for Running Oak Capital LLC, overseeing the investment strategy and final capital allocation decisions.