Cook & Bynum Capital Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Cook & Bynum Capital Management, LLC reported 6 stock positions worth $128.1 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 47.8% of the portfolio, followed by Anheuser-Busch Inbev-SPN ADR (BUD, 19.4%) and Fomento Economico Mex-SP ADR (FMX, 17.8%). Compared with Q4 2024, it opened 1 new position and reduced 3. The biggest buy was a new position in Ambev SA-ADR (ABEV) and the biggest sale Liberty Latin Americ Class C (LILAK, shares −8%).

Most Recent 13F
Q2 2026
Location
Birmingham, AL
CIK
0001542280
Portfolio Value
$128.1M (Q1 2025)
SEC Filing
0001999371-25-006199 ↗ filed May 15, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $131.2M Q1 2024 Q2 2024: $131.4M Q2 2024 Q3 2024: $138.6M Q3 2024 Q4 2024: $113.1M Q4 2024 Q1 2025: $128.1M $128.1M Q1 2025 Q2 2025: $126.5M Q2 2025 Q3 2025: $125.2M Q3 2025 Q4 2025: $119.7M Q4 2025 Q1 2026: $124.2M Q1 2026 Q2 2026: $134.5M Q2 2026

Holdings 6 stocks · $128.1M
BRK.B Berkshire Hathaway Inc. Class B 47.78% 114,960 $61.2M No change
BUD Anheuser-Busch Inbev-SPN ADR 19.40% 403,914 $24.9M Reduce -5.4%
FMX Fomento Economico Mex-SP ADR 17.78% 233,445 $22.8M Reduce -5.9%
LILAK Liberty Latin Americ Class C 11.36% 2,343,429 $14.6M Reduce -8.4%
ABEV Ambev SA-ADR 1.96% 1,078,495 $2.5M New
LILA Liberty Latin Americ Class A 1.72% 348,365 $2.2M No change

Portfolio Sells Q4 2024 → Q1 2025
LILAK Liberty Latin Americ Class C Reduce -8.4% 11.36% −2.98
FMX Fomento Economico Mex-SP ADR Reduce -5.9% 17.78% −0.97
BUD Anheuser-Busch Inbev-SPN ADR Reduce -5.4% 19.40% +0.51

Portfolio Buys Q4 2024 → Q1 2025
ABEV Ambev SA-ADR New 1.96% +1.96

Options Activity Q4 2024 → Q1 2025
LMT Lockheed Martin Corp. put Sold out 64,000 $31.1Mbefore exit
NOC Northrop Grumman Corp. put Sold out 21,000 $9.9Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 6$134.5MBRK.B, BUD, FMX, LILAK, ABEV
Q1 2026 6$124.2MBRK.B, BUD, FMX, LILAK, ABEV
Q4 2025 6$119.7MBRK.B, BUD, FMX, LILAK, ABEV
Q3 2025 6$125.2MBRK.B, BUD, FMX, LILAK, ABEV
Q2 2025 6$126.5MBRK.B, BUD, FMX, LILAK, ABEV
Q1 2025 6$128.1MBRK.B, BUD, FMX, LILAK, ABEV
Q4 2024 5$113.1MBRK.B, BUD, FMX, LILAK, LILA
Q3 2024 5$138.6MBRK.B, BUD, LILAK, FMX, LILA
Q2 2024 5$131.4MBRK.B, LILAK, FMX, BUD, LILA
Q1 2024 5$131.2MBRK.B, FMX, BUD, LILAK, LILA