Eldred Rock Partners, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 4, 2024), Eldred Rock Partners, LLC reported 32 stock positions worth $299.3 million. Its top holding was Alphabet Class A (GOOGL) at 4.8% of the portfolio, followed by Brookfield (BN, 4.8%) and Vontier (VNT, 4.5%). Compared with Q2 2024, it opened 2 new positions, added to 28 and reduced 1. The biggest buy was Taiwan Semiconductor-SP ADR (TSM, shares +120%) and the biggest sale International Bancshares CRP (IBOC, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- SAN ANTONIO, TX
- CIK
- 0001984180
- Portfolio Value
- $299.3M (Q3 2024)
- SEC Filing
- 0001085146-24-004635 ↗ filed Oct 4, 2024
Holdings Value
Holdings 32 stocks · $299.3M
| GOOGL Alphabet Inc. Class A | 4.83% | 87,170 | $14.5M | Add +4.8% |
| BN Brookfield Corp. | 4.79% | 269,674 | $14.3M | Add +4.2% |
| VNT Vontier Corp. | 4.50% | 399,255 | $13.5M | Add +4.4% |
| TSM Taiwan Semiconductor-SP ADR | 4.21% | 72,331 | $12.6M | Add +120.0% |
| LRCX Lam Research Corp. | 4.20% | 15,370 | $12.6M | Add +4.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.12% | 26,774 | $12.3M | Add +4.3% |
| UNH Unitedhealth Group Inc. | 3.94% | 20,149 | $11.8M | Add +4.4% |
| MRK Merck & Co. Inc. | 3.91% | 102,458 | $11.7M | Add +4.1% |
| PSX Phillips 66 | 3.77% | 85,718 | $11.3M | Add +4.2% |
| DFS Discover Financial Services | 3.75% | 80,044 | $11.2M | Add +4.3% |
| ICLR Icon PLC | 3.66% | 38,129 | $11.0M | Add +111.0% |
| PEP Pepsico Inc. | 3.65% | 64,171 | $10.9M | Add +4.0% |
| NVO Novo-Nordisk A/S-Spons ADR | 3.63% | 91,174 | $10.9M | Add +118.7% |
| CALM Cal-Maine Foods Inc. | 3.63% | 144,995 | $10.9M | Add +4.2% |
| KMX Carmax Inc. | 3.62% | 140,090 | $10.8M | Add +4.3% |
| CMI Cummins Inc. | 3.56% | 32,881 | $10.6M | Add +4.1% |
| ACN Accenture PLC Class A | 3.53% | 29,867 | $10.6M | Add +4.3% |
| ASML ASML Holding NV-NY Reg SHS | 3.51% | 12,620 | $10.5M | Add +120.6% |
| EMR Emerson Electric Co. | 3.33% | 91,072 | $10.0M | Add +4.3% |
| TXN Texas Instruments Inc. | 3.23% | 46,760 | $9.7M | Add +4.5% |
| WFC Wells Fargo & Co. | 2.86% | 151,441 | $8.6M | Add +4.0% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 2.83% | 155,180 | $8.5M | Add +119.4% |
| IBOC International Bancshares CRP | 2.73% | 136,789 | $8.2M | Reduce -0.5% |
| DEO Diageo PLC-Sponsored ADR | 2.59% | 54,769 | $7.8M | Add +120.5% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 2.51% | 68,836 | $7.5M | Add +4.1% |
| UL Unilever PLC | 2.37% | 108,955 | $7.1M | Add +119.2% |
| NVS Novartis AG-Sponsored ADR | 2.33% | 60,543 | $7.0M | Add +118.3% |
| ABEV Ambev SA-ADR | 2.17% | 2,666,393 | $6.5M | Add +117.2% |
| SHEL Shell PLC-ADR | 1.73% | 78,315 | $5.2M | Add +119.9% |
| SGOV iShares 0-3 Month Treasury B | 0.38% | 11,261 | $1.1M | New |
| AAPL Apple Inc. | 0.09% | 1,152 | $268K | New |
| GOOG Alphabet Inc. Class C | 0.07% | 1,218 | $204K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| IBOC International Bancshares CRP | Reduce -0.5% | 2.73% | −0.55 |
Portfolio Buys Q2 2024 → Q3 2024
| TSM Taiwan Semiconductor-SP ADR | Add +120.0% | 4.21% | +1.82 |
| BNS Bank of Nova Scotia | Add +119.4% | 2.83% | +1.47 |
| ICLR Icon PLC | Add +111.0% | 3.66% | +1.29 |
| DEO Diageo PLC-Sponsored ADR | Add +120.5% | 2.59% | +1.28 |
| UL Unilever PLC | Add +119.2% | 2.37% | +1.22 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +118.7% | 3.63% | +1.14 |
| ABEV Ambev SA-ADR | Add +117.2% | 2.17% | +1.12 |
| NVS Novartis AG-Sponsored ADR | Add +118.3% | 2.33% | +1.09 |
| ASML ASML Holding NV-NY Reg SHS | Add +120.6% | 3.51% | +1.07 |
| SHEL Shell PLC-ADR | Add +119.9% | 1.73% | +0.65 |
| SGOV iShares 0-3 Month Treasury B | New | 0.38% | +0.38 |
| BN Brookfield Corp. | Add +4.2% | 4.79% | +0.30 |
| AAPL Apple Inc. | New | 0.09% | +0.09 |
| CALM Cal-Maine Foods Inc. | Add +4.2% | 3.63% | +0.07 |
| CMI Cummins Inc. | Add +4.1% | 3.56% | −0.10 |
| ACN Accenture PLC Class A | Add +4.3% | 3.53% | −0.10 |
| UNH Unitedhealth Group Inc. | Add +4.4% | 3.94% | −0.17 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +4.3% | 4.12% | −0.25 |
| TXN Texas Instruments Inc. | Add +4.5% | 3.23% | −0.41 |
| DFS Discover Financial Services | Add +4.3% | 3.75% | −0.44 |
| KMX Carmax Inc. | Add +4.3% | 3.62% | −0.49 |
| PEP Pepsico Inc. | Add +4.0% | 3.65% | −0.61 |
| TROW T Rowe Price Group Inc. | Add +4.1% | 2.51% | −0.68 |
| EMR Emerson Electric Co. | Add +4.3% | 3.33% | −0.69 |
| WFC Wells Fargo & Co. | Add +4.0% | 2.86% | −0.76 |
| PSX Phillips 66 | Add +4.2% | 3.77% | −1.09 |
| MRK Merck & Co. Inc. | Add +4.1% | 3.91% | −1.18 |
| GOOGL Alphabet Inc. Class A | Add +4.8% | 4.83% | −1.50 |
| VNT Vontier Corp. | Add +4.4% | 4.50% | −1.61 |
| LRCX Lam Research Corp. | Add +4.3% | 4.20% | −2.36 |
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 |