
What smart money is saying about Costco Wholesale Corp.
2 funds in our archive have pitched Costco Wholesale Corp. — most recently Riverparks funds RiverPark funds RiverPark Large Growth Fund in March 2026.
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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Position history
Between Q4 2025 and Q2 2026, 9 fund letters reported a position in Costco Wholesale Corp. — 4 opened or added to the position, 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 6 | 4 | 0 | 0 |
| Q1 2026 | 3 | 0 | 1 | 1 |
| Q4 2025 | 0 | 0 | 0 | 1 |
Fund activity · 9 positions · 5 moves
- June 2026
“Portfolio Structure The portfolio is constructed on a bottom-up basis with the quality of ideas and conviction level, rather than benchmark composition and weights, determining the size of each individual investment. Sector weights tend to be an outcome of the stock selection process and are not meant to indicate a positive or a negative view. As of June 30, 2026, our top 10 positions represented 62.1% of the Fund’s net assets, the top 20 represented 87.2%, and we exited the quarter with 29 investments. IT and Financials represented 64.9% of the Fund, while Communication Services, Consumer Discretionary, Industrials, Real Estate, and Health Care represented another 33.3%, with the remaining 1.8% held in Consumer Staples ( Costco ) and cash.”
Costco Wholesale Corp. - June 2026
“ Costco Wholesale Corp (COST) underperformed during the quarter despite another strong operating performance.”
Costco Wholesale Corp. - New positionLiontrust Global Innovation FundJune 2026
Listed in Liontrust Global Innovation Fund’s reported holdings.
Costco Wholesale Corp. - New positionLiontrust Global Dividend FundJune 2026
Listed in Liontrust Global Dividend Fund’s reported holdings.
Costco Wholesale Corp. - New positionLiontrust GF Global Innovation FundJune 2026
Listed in Liontrust GF Global Innovation Fund’s reported holdings.
Costco Wholesale Corp. - New positionLiontrust GF Global Dividend FundJune 2026
Listed in Liontrust GF Global Dividend Fund’s reported holdings.
Costco Wholesale Corp. - March 2026
“Relative results were partially offset by Lam Research, KLA, and Costco Wholesale.”
Costco Wholesale Corp. - HoldsLarge-Cap GrowthMarch 2026
“ Costco Wholesale Corporation (COST) was a top contributor during the quarter, supported by continued share gains in retail and industry-leading traffic growth.”
Costco Wholesale Corp. - March 2026
“Costco Wholesale: COST was the third-largest contributor for the quarter, gaining 16% as the company benefited from two distinct tailwinds.”
Costco Wholesale Corp.
Fund coverage · 2 theses
Costco Wholesale is presented as a resilient membership-driven retailer with durable traffic, recurring revenue, and long-term compounding potential.
Read the full thesis- Ninepoint Cannabis & Alternative Health FundDecember 2025
Costco Wholesale is building a comprehensive health and pharmacy platform with global scale and buying power that supports ongoing growth and higher share prices.
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