Eldred Rock Partners, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 16, 2025), Eldred Rock Partners, LLC reported 30 stock positions worth $291.3 million. Its top holding was Alphabet Class A (GOOGL) at 5.7% of the portfolio, followed by Brookfield (BN, 5.3%) and Cal-Maine Foods (CALM, 5.1%). Compared with Q3 2024, it sold out of 2, added to 24 and reduced 4. The biggest buy was Cal-Maine Foods (CALM, shares +0%) and the biggest sale Icon (ICLR, shares −48%).
- Most Recent 13F
- Q2 2026
- Location
- SAN ANTONIO, TX
- CIK
- 0001984180
- Portfolio Value
- $291.3M (Q4 2024)
- SEC Filing
- 0001085146-25-000246 ↗ filed Jan 16, 2025
Holdings Value
Holdings 30 stocks · $291.3M
| GOOGL Alphabet Inc. Class A | 5.68% | 87,022 | $16.5M | Reduce -0.2% |
| BN Brookfield Corp. | 5.33% | 270,540 | $15.5M | Add +0.3% |
| CALM Cal-Maine Foods Inc. | 5.13% | 145,630 | $14.9M | Add +0.4% |
| VNT Vontier Corp. | 5.01% | 401,353 | $14.6M | Add +0.5% |
| TSM Taiwan Semiconductor-SP ADR | 4.91% | 101,850 | $14.3M | Add +40.8% |
| DFS Discover Financial Services | 4.77% | 80,328 | $13.9M | Add +0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.18% | 26,914 | $12.2M | Add +0.5% |
| CMI Cummins Inc. | 3.96% | 33,055 | $11.5M | Add +0.5% |
| KMX Carmax Inc. | 3.95% | 140,652 | $11.5M | Add +0.4% |
| EMR Emerson Electric Co. | 3.90% | 91,463 | $11.3M | Add +0.4% |
| LRCX Lam Research Corp. | 3.83% | 154,593 | $11.2M | Add +0.6% |
| WFC Wells Fargo & Co. | 3.67% | 151,919 | $10.7M | Add +0.3% |
| ACN Accenture PLC Class A | 3.62% | 29,980 | $10.6M | Add +0.4% |
| UNH Unitedhealth Group Inc. | 3.51% | 20,195 | $10.2M | Add +0.2% |
| MRK Merck & Co. Inc. | 3.50% | 102,848 | $10.2M | Add +0.4% |
| PEP Pepsico Inc. | 3.36% | 64,462 | $9.8M | Add +0.5% |
| PSX Phillips 66 | 3.34% | 86,011 | $9.7M | Add +0.3% |
| TXN Texas Instruments Inc. | 3.02% | 46,881 | $8.8M | Add +0.3% |
| ASML ASML Holding NV-NY Reg SHS | 3.01% | 12,640 | $8.8M | Add +0.2% |
| IBOC International Bancshares CRP | 2.97% | 136,789 | $8.6M | No change |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 2.87% | 155,467 | $8.4M | Add +0.2% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 2.69% | 69,078 | $7.8M | Add +0.3% |
| DEO Diageo PLC-Sponsored ADR | 2.39% | 54,868 | $7.0M | Add +0.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.36% | 75,851 | $6.9M | Reduce -16.8% |
| UL Unilever PLC | 2.13% | 109,171 | $6.2M | Add +0.2% |
| NVS Novartis AG-Sponsored ADR | 2.03% | 60,651 | $5.9M | Add +0.2% |
| ABEV Ambev SA-ADR | 1.70% | 2,671,159 | $4.9M | Add +0.2% |
| SHEL Shell PLC-ADR | 1.68% | 78,202 | $4.9M | Reduce -0.1% |
| ICLR Icon PLC | 1.43% | 19,913 | $4.2M | Reduce -47.8% |
| GOOG Alphabet Inc. Class C | 0.08% | 1,218 | $232K | No change |
Portfolio Sells Q3 2024 → Q4 2024
Portfolio Buys Q3 2024 → Q4 2024
| CALM Cal-Maine Foods Inc. | Add +0.4% | 5.13% | +1.50 |
| DFS Discover Financial Services | Add +0.3% | 4.77% | +1.02 |
| WFC Wells Fargo & Co. | Add +0.3% | 3.67% | +0.81 |
| TSM Taiwan Semiconductor-SP ADR | Add +40.8% | 4.91% | +0.71 |
| EMR Emerson Electric Co. | Add +0.4% | 3.90% | +0.57 |
| BN Brookfield Corp. | Add +0.3% | 5.33% | +0.54 |
| VNT Vontier Corp. | Add +0.5% | 5.01% | +0.51 |
| CMI Cummins Inc. | Add +0.5% | 3.96% | +0.40 |
| KMX Carmax Inc. | Add +0.4% | 3.95% | +0.33 |
| TROW T Rowe Price Group Inc. | Add +0.3% | 2.69% | +0.18 |
| ACN Accenture PLC Class A | Add +0.4% | 3.62% | +0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.5% | 4.18% | +0.07 |
| BNS Bank of Nova Scotia | Add +0.2% | 2.87% | +0.04 |
| DEO Diageo PLC-Sponsored ADR | Add +0.2% | 2.39% | −0.20 |
| TXN Texas Instruments Inc. | Add +0.3% | 3.02% | −0.21 |
| UL Unilever PLC | Add +0.2% | 2.13% | −0.24 |
| PEP Pepsico Inc. | Add +0.5% | 3.36% | −0.28 |
| NVS Novartis AG-Sponsored ADR | Add +0.2% | 2.03% | −0.30 |
| LRCX Lam Research Corp. | Add +0.6% | 3.83% | −0.37 |
| MRK Merck & Co. Inc. | Add +0.4% | 3.50% | −0.42 |
| UNH Unitedhealth Group Inc. | Add +0.2% | 3.51% | −0.42 |
| PSX Phillips 66 | Add +0.3% | 3.34% | −0.42 |
| ABEV Ambev SA-ADR | Add +0.2% | 1.70% | −0.48 |
| ASML ASML Holding NV-NY Reg SHS | Add +0.2% | 3.01% | −0.51 |
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 |