13F HOLDINGS REPORT
PECAUT & CO.
Quarter ended Q4 2025 · Filed February 10, 2026 · Accession 0001398344-26-002609
Total Value
$310.0M
Positions
70
Other Managers
0
Confidential Omitted
No
Holdings (70)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SPDR SERIES TRUST | 78468R523 | 461,402 | $45.8M | 14.77% |
| 2 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 58,279 | $29.3M | 9.45% |
| 3 | ISHARES TR | 46436E718 | 250,422 | $25.1M | 8.11% |
| 4 | ALPHABET INC | GOOG | 60,480 | $19.0M | 6.12% |
| 5 | SPDR SERIES TRUST | 78464A409 | 154,790 | $16.5M | 5.33% |
| 6 | VANGUARD SPECIALIZED FUNDS | 921908844 | 58,437 | $12.8M | 4.14% |
| 7 | ISHARES INC | 46434G764 | 158,364 | $11.5M | 3.71% |
| 8 | SPDR SERIES TRUST | 78464A508 | 188,666 | $10.7M | 3.46% |
| 9 | APPLE INC | AAPL | 37,598 | $10.2M | 3.30% |
| 10 | SPDR INDEX SHS FDS | 78463X889 | 219,357 | $9.7M | 3.14% |
| 11 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 10 | $7.5M | 2.44% |
| 12 | FIRST TR EXCHANGE TRADED FD | 33737A108 | 49,231 | $7.5M | 2.43% |
| 13 | FIRST TR EXCHANGE TRADED FD | 33734X846 | 90,213 | $6.4M | 2.08% |
| 14 | SPDR SERIES TRUST | 78464A847 | 109,970 | $6.4M | 2.05% |
| 15 | COSTCO WHSL CORP NEW | 22160K105 | 7,037 | $6.1M | 1.96% |
| 16 | TEXAS PACIFIC LAND CORPORATI | TPL | 20,605 | $5.9M | 1.91% |
| 17 | AUTONATION INC | AN | 25,420 | $5.2M | 1.69% |
| 18 | MICROSOFT CORP | MSFT | 10,699 | $5.2M | 1.67% |
| 19 | LOWES COS INC | 548661107 | 20,148 | $4.9M | 1.57% |
| 20 | FIRST TR EXCHANGE TRADED FD | 33738R704 | 47,347 | $4.7M | 1.50% |
| 21 | ISHARES TR | 46429B697 | 42,198 | $4.0M | 1.28% |
| 22 | KNIFE RIVER CORP | KNF | 50,790 | $3.6M | 1.15% |
| 23 | SPDR SERIES TRUST | 78468R663 | 36,570 | $3.3M | 1.08% |
| 24 | SPDR SERIES TRUST | 78468R853 | 68,583 | $3.2M | 1.04% |
| 25 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 17,302 | $2.8M | 0.90% |
| 26 | WHITE MTNS INS GROUP LTD | G9618E107 | 1,167 | $2.4M | 0.78% |
| 27 | VANGUARD INDEX FDS | 922908736 | 4,783 | $2.3M | 0.75% |
| 28 | LISTED FDS TR | 53656F623 | 52,153 | $2.3M | 0.75% |
| 29 | BUILDERS FIRSTSOURCE INC | BLDR | 19,535 | $2.0M | 0.65% |
| 30 | AMERICAN EXPRESS CO | AXP | 5,050 | $1.9M | 0.60% |
| 31 | WORLD GOLD TR | GLDW | 21,381 | $1.8M | 0.59% |
| 32 | J P MORGAN EXCHANGE TRADED F | 46641Q654 | 35,232 | $1.8M | 0.58% |
| 33 | NVIDIA CORPORATION | NVDA | 8,991 | $1.7M | 0.54% |
| 34 | CASEYS GEN STORES INC | 147528103 | 2,625 | $1.5M | 0.47% |
| 35 | BWX TECHNOLOGIES INC | BWXT | 8,135 | $1.4M | 0.45% |
| 36 | VANGUARD TAX-MANAGED FDS | 921943858 | 22,288 | $1.4M | 0.45% |
| 37 | WHEATON PRECIOUS METALS CORP | WPM | 11,550 | $1.4M | 0.44% |
| 38 | WALMART INC | WMT | 12,164 | $1.4M | 0.44% |
| 39 | WATERBRIDGE INFRASTRUCTURE L | WBI | 66,500 | $1.3M | 0.43% |
| 40 | MESABI TR | MSB | 33,963 | $1.3M | 0.42% |
| 41 | VANGUARD INDEX FDS | 922908744 | 6,355 | $1.2M | 0.39% |
| 42 | UNITED RENTALS INC | URI | 1,403 | $1.1M | 0.37% |
| 43 | LIBERTY MEDIA CORP DEL | FWONB | 12,108 | $1.1M | 0.35% |
| 44 | VANGUARD WORLD FD | 921910733 | 8,395 | $1.0M | 0.33% |
| 45 | UNION PAC CORP | UNP | 4,382 | $1.0M | 0.33% |
| 46 | VANGUARD INDEX FDS | 922908751 | 3,410 | $879,695 | 0.28% |
| 47 | FLOOR & DECOR HLDGS INC | FND | 14,200 | $864,638 | 0.28% |
| 48 | VANGUARD INDEX FDS | 922908629 | 2,951 | $856,495 | 0.28% |
| 49 | NATURAL RESOURCE PARTNERS L | 63900P608 | 7,800 | $814,320 | 0.26% |
| 50 | LANDBRIDGE COMPANY LLC | LB | 15,992 | $783,458 | 0.25% |
| 51 | NIKE INC | NKE | 10,302 | $656,340 | 0.21% |
| 52 | TIDEWATER INC NEW | TDGMW | 12,500 | $631,375 | 0.20% |
| 53 | SOURCE CAPITAL | SOR | 13,311 | $609,107 | 0.20% |
| 54 | HAWAIIAN ELEC INDUSTRIES | 419870100 | 40,000 | $492,000 | 0.16% |
| 55 | ISHARES TR | 464288679 | 4,437 | $488,736 | 0.16% |
| 56 | JOHNSON & JOHNSON | JNJ | 2,222 | $459,843 | 0.15% |
| 57 | ISHARES TR | 46435G516 | 3,763 | $357,855 | 0.12% |
| 58 | LSB INDS INC | 502160104 | 38,500 | $327,250 | 0.11% |
| 59 | ISHARES TR | 46435G425 | 1,960 | $292,060 | 0.09% |
| 60 | SPROTT ASSET MANAGEMENT LP | SII | 8,700 | $287,274 | 0.09% |
| 61 | ISHARES TR | 464287614 | 573 | $271,093 | 0.09% |
| 62 | CINCINNATI FINL CORP | 172062101 | 1,653 | $269,968 | 0.09% |
| 63 | SPDR S&P 500 ETF TR | SPY | 390 | $266,197 | 0.09% |
| 64 | CANADIAN NATL RY CO | 136375102 | 2,684 | $265,313 | 0.09% |
| 65 | ISHARES TR | 464287598 | 1,228 | $258,347 | 0.08% |
| 66 | TRIPLE FLAG PRECIOUS METAL | TFPM | 7,000 | $232,540 | 0.08% |
| 67 | RENN FD INC | 759720105 | 86,066 | $221,190 | 0.07% |
| 68 | ISHARES TR | 46435U135 | 4,581 | $220,420 | 0.07% |
| 69 | RLI CORP | RLI | 3,209 | $205,339 | 0.07% |
| 70 | SAN JUAN BASIN RTY TR | 798241105 | 30,000 | $168,600 | 0.05% |