In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), Aldebaran Capital, LLC reported 36 stock positions worth $105.0 million . Its top holding was Berkshire Hathaway Class B (BRK.B) at 18.6% of the portfolio, followed by Microsoft (MSFT, 9.3% ) and Occidental Petroleum (OXY, 8.0% ). Compared with Q3 2024, it opened 3 new positions, sold out of 3, added to 2 and reduced 24. The biggest buy was a new position in Sirius XM (SIRI) and the biggest sale Bunge Global (BG, shares −3% ).
Location CARMEL, IN
CIK 0001448430
Portfolio Value $105.0M (Q4 2024) Holdings 36 stocks · $105.0M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2024 BRK.B Berkshire Hathaway Inc. Class B 43,162 $19.6M Reduce -2.0% MSFT Microsoft Corp. 23,175 $9.8M Reduce -3.0% OXY Occidental Petroleum Corp. 169,373 $8.4M Reduce -3.0% BG Bunge Global SA 98,084 $7.6M Reduce -3.3% BAC Bank of America Corp. filed as BANK AMERICA CORP 140,978 $6.2M Reduce -2.7% LLY Eli Lilly & Co. 7,783 $6.0M No change IWS iShares Russell Mid-Cap Valu 40,417 $5.2M Reduce -2.0% SU Suncor Energy Inc. 125,024 $4.5M Reduce -2.1% CATO Cato Corp. Class A 1,075,624 $4.2M Reduce -4.2% CVX Chevron Corp. 28,556 $4.1M Reduce -1.9% BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS 153,955 $3.0M Reduce -2.1% JPM JPMorgan Chase & Co. 11,907 $2.9M No change ACRS Aclaris Therapeutics Inc. 1,016,958 $2.5M Reduce -2.5% RELL Richardson Elec Ltd. 147,063 $2.1M Reduce -3.7% TECX Tectonic Therapeutic Inc. 41,207 $1.9M Reduce -1.9% ENB Enbridge Inc. 43,071 $1.8M Reduce -1.6% VZ Verizon Communications Inc. 40,671 $1.6M Reduce -5.8% BRK.A Berkshire Hathaway Inc. Class A 2 $1.4M No change FCX Freeport-McMoran Inc. 31,703 $1.2M Reduce -1.9% PATK Patrick Industries Inc. 14,319 $1.2M Reduce -1.4% HI Hillenbrand Inc. 38,481 $1.2M Reduce -4.3% CENX Century Aluminum Company 61,975 $1.1M Reduce -2.3% AMLX Amylyx Pharmaceuticals Inc. 262,753 $993K Reduce -2.6% SIRI Sirius XM Holdings Inc. 43,113 $983K New IESC Ies Holdings Inc. filed as IES HLDGS INC 4,119 $828K Reduce -23.9% PMVP PMV Pharmaceuticals Inc. 502,190 $758K Add +14.6% EPIX Essa Pharma Inc. 397,523 $712K New TECK Teck Resources Ltd.-CLS B 13,085 $530K Reduce -1.7% ANTX AN2 Therapeutics Inc. 343,684 $474K Add +242.0% B Barrick Gold Corp. 28,050 $435K Reduce -6.4% OKUR Onkure Therapeutics Inc. Class A 45,572 $392K New Duke Energy Corp New 3,600 $388K No change MBIN Merchants Bancorp 10,125 $369K No change F Ford Motor Co. filed as FORD MTR CO 25,650 $254K No change PG The Procter & Gamble Co. 1,260 $211K No change GE General Electric Company 1,256 $209K Reduce -5.6%
Other holdings (1): bonds, preferreds, convertibles and warrants · $220K (not counted above) Security Class Shares / Principal Value Change OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 7,981 $220K Reduce -4.3%
Total filed on the 13F, all lines: $105.2M.
Portfolio Sells Q3 2024 → Q4 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▲ BG Bunge Global SA Reduce -3.3% 7.26% −1.70 CATO Cato Corp. Class A Reduce -4.2% 4.00% −1.13 RENEO PHARMACEUTICALS INC Sold out 0.00% −0.70 FCX Freeport-McMoran Inc. Reduce -1.9% 1.15% −0.33 BCIM Abrdn Bloomberg Industrial M Sold out 0.00% −0.29 OXY Occidental Petroleum Corp. Reduce -3.0% 7.97% −0.26 VZ Verizon Communications Inc. Reduce -5.8% 1.55% −0.22 XOM Exxon Mobil Corp. Sold out 0.00% −0.20 IESC Ies Holdings Inc. Reduce -23.9% 0.79% −0.20 B Barrick Gold Corp. Reduce -6.4% 0.41% −0.13 TECK Teck Resources Ltd.-CLS B Reduce -1.7% 0.51% −0.13 PATK Patrick Industries Inc. Reduce -1.4% 1.13% −0.13 MSFT Microsoft Corp. Reduce -3.0% 9.30% −0.11 SU Suncor Energy Inc. Reduce -2.1% 4.25% −0.06 BCI Abrdn Bloomberg All Commodit Reduce -2.1% 2.90% −0.05 GE General Electric Company Reduce -5.6% 0.20% −0.03 IWS iShares Russell Mid-Cap Valu Reduce -2.0% 4.98% −0.01 CVX Chevron Corp. Reduce -1.9% 3.94% +0.02 BRK.B Berkshire Hathaway Inc. Class B Reduce -2.0% 18.63% +0.09 HI Hillenbrand Inc. Reduce -4.3% 1.13% +0.11 ENB Enbridge Inc. Reduce -1.6% 1.74% +0.11 CENX Century Aluminum Company Reduce -2.3% 1.08% +0.13 AMLX Amylyx Pharmaceuticals Inc. Reduce -2.6% 0.95% +0.15 RELL Richardson Elec Ltd. Reduce -3.7% 1.97% +0.24 BAC Bank of America Corp. Reduce -2.7% 5.90% +0.64 TECX Tectonic Therapeutic Inc. Reduce -1.9% 1.81% +0.65 ACRS Aclaris Therapeutics Inc. Reduce -2.5% 2.40% +1.30
Portfolio Buys Q3 2024 → Q4 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▼ SIRI Sirius XM Holdings Inc. New 0.94% +0.94 EPIX Essa Pharma Inc. New 0.68% +0.68 OKUR Onkure Therapeutics Inc. Class A New 0.37% +0.37 ANTX AN2 Therapeutics Inc. Add +242.0% 0.45% +0.35 PMVP PMV Pharmaceuticals Inc. Add +14.6% 0.72% +0.12
Notes & Other Activity Q3 2024 → Q4 2024 Security Class Change vs Q3 2024 Shares / Principal Value ▼ OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 Reduce -4.3% 7,981 $220K
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 39 $133.1M BRK.B, LLY, MSFT, BG, IWS Q1 2026 42 $130.5M BRK.B, OXY, BG, LLY, MSFT Q4 2025 35 $111.5M BRK.B, LLY, MSFT, BG, OXY Q3 2025 33 $108.9M BRK.B, MSFT, OXY, BG, LLY Q2 2025 34 $101.3M BRK.B, MSFT, BG, OXY, LLY Q1 2025 40 $105.5M BRK.B, OXY, BG, MSFT, LLY Q4 2024 36 $105.0M BRK.B, MSFT, OXY, BG, BAC Q3 2024 36 $109.3M BRK.B, MSFT, BG, OXY, LLY Q2 2024 35 $107.1M BRK.B, OXY, BG, MSFT, LLY Q1 2024 32 $104.7M BRK.B, OXY, BG, MSFT, LLY