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Costco Wholesale logo

What smart money is saying about Costco WholesaleUnited States flag

COST · Consumer Defensive · Discount Stores · Market cap $401.22B

4 funds in our archive have pitched Costco Wholesale — most recently Andrew Hill AHIA Portfolio Strategy in June 2026.

Company profile

Costco Wholesale Corporation, alongside its group entities, operates membership-based retail warehouses across a broad international scope, spanning the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, South Korea, Australia, Spain, France, Iceland, China, and Taiwan. These outlets provide customers with an extensive array of both well-known branded and proprietary private-label products. Their vast inventory includes household staples, shelf-stable groceries, confectionery, chilled and frozen items, alcoholic beverages, tobacco, and deli selections. Furthermore, the stores stock major appliances, consumer electronics, health and beauty aids, hardware, garden and patio furniture, sporting goods, vehicle tires, toys, seasonal merchandise, office supplies, automotive maintenance products, postage services, event tickets, apparel, small kitchen appliances, home furnishings, domestic textiles, kitchenware, custom-order kiosks, and fine jewelry. Fresh departments offer meat, produce, a service deli, and bakery items. Beyond retail goods, Costco provides in-store amenities such as pharmacies, optical clinics, food courts, hearing aid centers, and tire installation facilities, in addition to managing 636 gas stations. The company also extends its offerings online through business delivery, travel booking, and same-day grocery fulfillment in various countries. As of August 29, 2021, Costco maintained a global network of 815 membership warehouses, with 564 located in the United States and Puerto Rico, 105 in Canada, 39 in Mexico, 30 in Japan, 29 in the United Kingdom, 16 in South Korea, 14 in Taiwan, 12 in Australia, 3 in Spain, and one each in Iceland, France, and China. Digital storefronts facilitate e-commerce operations in the United States, Canada, the United Kingdom, Mexico, South Korea, Taiwan, Japan, and Australia. Founded in 1976, the enterprise was originally known as Costco Companies, Inc. before officially adopting the name Costco Wholesale Corporation in August 1999. Its corporate headquarters are situated in Issaquah, Washington.

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Summarize with Warren AI
13
Reported positions
5
Bought
1
Sold
17
Letters

Position history

Between Q1 2025 and Q2 2026, 13 fund letters reported a position in Costco Wholesale — 5 opened or added to the position, 1 trimmed or exited.

Fund letters reporting a position in Costco Wholesale, by quarter
QuarterLettersBoughtSoldTheses
Q2 20268502
Q1 20263011
Q4 20250001
Q3 20251000
Q1 20251000

Fund activity · 13 positions · 6 moves

Also mentioned · 3

These funds discuss Costco Wholesale — as a competitor, benchmark or comparable — without disclosing a position in it.

  • MentionedBoyar Value Group
    March 2026
    “We see signs of a similar dynamic today in certain parts of the market. Some of the most respected businesses in America continue to trade at valuations that leave little room for error. Costco, Walmart, and Cintas are all outstanding businesses, but history has shown that even outstanding businesses can become mediocre investments when bought at overly optimistic valuations.”
    30 more words on why — unlock Boyar Value Group’s full comment
    Read the letter
    Costco Wholesale
  • MentionedTsai Capital
    December 2025
    “For instance, Amazon’s robotic warehouses exemplify the medium’s power, where the content of swift deliveries masks an environment of unparalleled logistics efficiency, data mastery, and consumer lock-in that elevates barriers sky-high; pricing power, fully flexed or latent, almost always follows. Costco’s membership ecosystem shapes a medium of habitual loyalty and bulk purchasing, while its content of deals obscures the profound behavioral shifts it instills.”
    16 more words on why — unlock Tsai Capital’s full comment
    Read the letter
    Costco Wholesale
  • MentionedHerford Capital
    March 2025
    “These businesses do not focus on keeping prices as low as possible to ensure durability. Instead, they leverage their pricing power to sustain competitive advantages and long-term growth.”
    41 more words on why — unlock Herford Capital’s full comment
    Read the letter
    Costco Wholesale

Fund coverage · 4 theses

Read every full thesis on Costco Wholesale

Unlock all 4 theses — the full reasoning behind what funds are buying, plus unlimited access to the entire archive.

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