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      <liveTestFlag>LIVE</liveTestFlag>
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        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>false</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
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      <filer>
        <credentials>
          <cik>0001698068</cik>
          <ccc>XXXXXXXX</ccc>
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      <periodOfReport>06-30-2019</periodOfReport>
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      <reportCalendarOrQuarter>06-30-2019</reportCalendarOrQuarter>
      <filingManager>
        <name>Capco Asset Management, LLC</name>
        <address>
          <com:street1>101 E. KENNEDY BOULEVARD</com:street1>
          <com:street2>SUITE 1425</com:street2>
          <com:city>TAMPA</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33602</com:zipCode>
        </address>
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      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-17918</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
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    <signatureBlock>
      <name>William H. Harrell Jr.</name>
      <title>Manager</title>
      <phone>813-805-0777</phone>
      <signature>William H. Harrell Jr.</signature>
      <city>Tampa</city>
      <stateOrCountry>FL</stateOrCountry>
      <signatureDate>08-08-2019</signatureDate>
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      <tableEntryTotal>20</tableEntryTotal>
      <tableValueTotal>180998</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
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            <form13FFileNumber>028-17935</form13FFileNumber>
            <name>Harrell William H. Jr.</name>
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            <name>Harrell Christopher J.</name>
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