Eldred Rock Partners, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 11, 2024), Eldred Rock Partners, LLC reported 26 stock positions worth $183.5 million. Its top holding was Lam Research (LRCX) at 9.0% of the portfolio, followed by Phillips 66 (PSX, 7.0%) and Merck (MRK, 6.8%). Compared with Q4 2023, it opened 2 new positions, sold out of 1, added to 22 and reduced 1. The biggest buy was a new position in International Bancshares CRP (IBOC) and the biggest sale an exit from C.H. Robinson Worldwide (CHRW).
- Most Recent 13F
- Q2 2026
- Location
- SAN ANTONIO, TX
- CIK
- 0001984180
- Portfolio Value
- $183.5M (Q1 2024)
- SEC Filing
- 0001085146-24-001711 ↗ filed Apr 11, 2024
Holdings Value
Holdings 26 stocks · $183.5M
| LRCX Lam Research Corp. | 8.99% | 16,971 | $16.5M | Add +1.0% |
| PSX Phillips 66 | 7.02% | 78,909 | $12.9M | Add +1.0% |
| MRK Merck & Co. Inc. | 6.79% | 94,487 | $12.5M | Add +1.0% |
| GOOGL Alphabet Inc. Class A | 6.58% | 80,024 | $12.1M | Add +1.0% |
| KMX Carmax Inc. | 6.12% | 128,889 | $11.2M | Add +1.0% |
| BN Brookfield Corp. | 5.67% | 248,381 | $10.4M | Add +1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.64% | 24,629 | $10.4M | Add +1.0% |
| DFS Discover Financial Services | 5.26% | 73,636 | $9.7M | Add +1.3% |
| ACN Accenture PLC Class A | 5.18% | 27,448 | $9.5M | Add +1.0% |
| EMR Emerson Electric Co. | 5.18% | 83,759 | $9.5M | Add +1.0% |
| CMI Cummins Inc. | 4.87% | 30,335 | $8.9M | Add +1.0% |
| CALM Cal-Maine Foods Inc. | 4.28% | 133,531 | $7.9M | Add +1.0% |
| IBOC International Bancshares CRP | 4.23% | 138,321 | $7.8M | New |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 4.22% | 63,480 | $7.7M | Add +1.3% |
| TXN Texas Instruments Inc. | 4.08% | 42,993 | $7.5M | Add +1.0% |
| PEP Pepsico Inc. | 3.32% | 34,788 | $6.1M | Add +1.0% |
| ASML ASML Holding NV-NY Reg SHS | 2.20% | 4,151 | $4.0M | Add +4.4% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.17% | 30,970 | $4.0M | Reduce -8.0% |
| ICLR Icon PLC | 2.11% | 11,550 | $3.9M | Add +4.3% |
| TSM Taiwan Semiconductor-SP ADR | 1.57% | 21,152 | $2.9M | Add +4.2% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 1.28% | 45,411 | $2.4M | Add +96.8% |
| UL Unilever PLC | 0.87% | 31,869 | $1.6M | New |
| SHEL Shell PLC-ADR | 0.84% | 22,859 | $1.5M | Add +4.3% |
| NVS Novartis AG-Sponsored ADR | 0.76% | 14,379 | $1.4M | Add +4.3% |
| ABEV Ambev SA-ADR | 0.65% | 477,913 | $1.2M | Add +4.1% |
| GOOG Alphabet Inc. Class C | 0.12% | 1,458 | $222K | No change |
Portfolio Sells Q4 2023 → Q1 2024
Portfolio Buys Q4 2023 → Q1 2024
| IBOC International Bancshares CRP | New | 4.23% | +4.23 |
| UL Unilever PLC | New | 0.87% | +0.87 |
| LRCX Lam Research Corp. | Add +1.0% | 8.99% | +0.61 |
| BNS Bank of Nova Scotia | Add +96.8% | 1.28% | +0.57 |
| PSX Phillips 66 | Add +1.0% | 7.02% | +0.40 |
| MRK Merck & Co. Inc. | Add +1.0% | 6.79% | +0.30 |
| CMI Cummins Inc. | Add +1.0% | 4.87% | +0.29 |
| ASML ASML Holding NV-NY Reg SHS | Add +4.4% | 2.20% | +0.28 |
| TSM Taiwan Semiconductor-SP ADR | Add +4.2% | 1.57% | +0.22 |
| ICLR Icon PLC | Add +4.3% | 2.11% | +0.12 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.0% | 5.64% | +0.11 |
| DFS Discover Financial Services | Add +1.3% | 5.26% | +0.06 |
| EMR Emerson Electric Co. | Add +1.0% | 5.18% | +0.04 |
| TROW T Rowe Price Group Inc. | Add +1.3% | 4.22% | −0.08 |
| SHEL Shell PLC-ADR | Add +4.3% | 0.84% | −0.08 |
| KMX Carmax Inc. | Add +1.0% | 6.12% | −0.12 |
| NVS Novartis AG-Sponsored ADR | Add +4.3% | 0.76% | −0.13 |
| ABEV Ambev SA-ADR | Add +4.1% | 0.65% | −0.17 |
| PEP Pepsico Inc. | Add +1.0% | 3.32% | −0.41 |
| GOOGL Alphabet Inc. Class A | Add +1.0% | 6.58% | −0.47 |
| TXN Texas Instruments Inc. | Add +1.0% | 4.08% | −0.54 |
| CALM Cal-Maine Foods Inc. | Add +1.0% | 4.28% | −0.55 |
| BN Brookfield Corp. | Add +1.0% | 5.67% | −0.62 |
| ACN Accenture PLC Class A | Add +1.0% | 5.18% | −0.89 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 29 | $465.1M | LRCX, ASML, GOOGL, TSM, JBHT |
| Q1 2026 | 31 | $392.9M | TSM, GOOGL, ASML, JBHT, PSX |
| Q4 2025 | 32 | $385.5M | GOOGL, TSM, BN, ASML, CMI |
| Q3 2025Amended | 30 | $401.0M | TSM, GOOGL, LRCX, BN, VNT |
| Q2 2025 | 29 | $329.0M | TSM, COF, BN, GOOGL, LRCX |
| Q1 2025 | 29 | $327.5M | BRK.B, BN, GOOGL, DFS, VNT |
| Q4 2024 | 30 | $291.3M | GOOGL, BN, CALM, VNT, TSM |
| Q3 2024 | 32 | $299.3M | GOOGL, BN, VNT, TSM, LRCX |
| Q2 2024 | 30 | $239.3M | LRCX, GOOGL, VNT, MRK, PSX |
| Q1 2024 | 26 | $183.5M | LRCX, PSX, MRK, GOOGL, KMX |