NPORT-EX 2 eaglecapital-nportex.htm SCHEDULE OF INVESTMENTS

Eagle Capital Growth Fund, Inc.

SCHEDULE OF INVESTMENTS

Portfolio of Investments (as of March 31, 2025) (unaudited)

Common Stock (78.9% of total investments)										LEVEL ONE
Industry		Shares				Cost				Market Value				% Total Inv.
Advertising
Alphabet, Inc. A			17,000				1,376,922				2,628,880
MediaAlpha, Inc.*			9,876				166,690				91,254
										$	2,720,134				(5.8	%)
Bank
US Bancorp			24,000				857,537				1,013,280
										$	1,013,280				(2.2	%)
Brokerage
Charles Schwab Corp.			20,000				882,187				1,565,600
										$	1,565,600				(3.3	%)
Conglomerate
Berkshire Hathaway Inc. B*			12,500				1,489,340				6,657,250
										$	6,657,250				(14.1	%)
Consumer
Colgate-Palmolive Company			12,000				72,938				1,124,400
Procter & Gamble Company			2,000				145,879				340,840
										$	1,465,240				(3.1	%)
Credit Card
Mastercard Inc			1000				219636.1				548,120
Visa Inc.			1500				225957.45				525,690
										$	1,073,810				(2.3	%)
Data Processing
Automatic Data Processing, Inc.			3000				82774.56				916,590
Paychex, Inc.			6000				140074.91				925,680
										$	1,842,270				(3.9	%)
Drug/Medical Device
Johnson & Johnson			3071				34932.62				509,295
Stryker Corp.			4500				19054.69				1,675,125
										$	2,184,420				(4.6	%)
Food
Kraft Heinz Company			29,000				772,000				882,470
PepsiCo, Inc.			10,000				168,296				1,499,400
										$	2,381,870				(5.1	%)
Industrial
Danaher Corporation			1,000				225,262				205,000
Illinois Tool Works Inc.			7,000				295,051				1,736,070
Veralto Corporation			333				29,705				32,451
										$	1,973,521				(4.2	%)
Insurance
Markel Corp.*			1,670				1,296,670				3,122,249
										$	3,122,249				(6.6	%)
Mutual Fund Management
Diamond Hill Investment Group, Inc.			9,576				1,338,331				1,367,836
Franklin Resources, Inc.			50,000				1,183,351				962,500
T. Rowe Price Group, Inc.			21,900				2,380,562				2,011,953
										$	4,342,289				(9.2	%)
Restaurant
Starbucks Corp.			12,000				588,432				1,177,080
										$	1,177,080				(2.5	%)
Retail
AutoZone Inc.*			500				265,855				1,906,390
eBay Inc.			3,000				68,886				203,190
O'Reilly Automotive Inc.*			1,275				259,704				1,826,540
										$	3,936,120				(8.4	%)
Technology Services
Amazon.com Inc.*			9,000				915,707				1,712,340
										$	1,712,340				(3.6	%)
Total common stock investments										$	37,167,472
Money Market Funds (21.1% of total investments)											LEVEL ONE
Morgan Stanley Inst. Liquidity Fund, Treasury, 4.19%											9,913,422				(21.1	%)
Total investments										$	47,080,894
All other assets less liabilities											65,042
Total net assets										$	47,145,936
*Non-dividend paying security