Elgethun Capital Management

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 29, 2026), Elgethun Capital Management reported 173 stock positions worth $717.6 million. Its top holding was Eli Lilly (LLY) at 10.1% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 9.5%) and Fairfax Financial (FRFHF, 5.8%). Compared with Q1 2026, it opened 9 new positions, sold out of 1, added to 116 and reduced 23. The biggest buy was Eli Lilly (LLY, shares +18%) and the biggest sale Citigroup (C, shares −51%).

Most Recent 13F
Q2 2026
Location
SIOUX FALLS, SD
CIK
0001638022
Portfolio Value
$717.6M (Q2 2026)
SEC Filing
0001420506-26-001332 ↗ filed Jul 29, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $396.4M Q1 2024 Q2 2024: $396.6M Q2 2024 Q3 2024: $425.9M Q3 2024 Q4 2024: $412.0M Q4 2024 Q1 2025: $447.6M Q1 2025 Q2 2025: $497.0M Q2 2025 Q3 2025: $550.6M Q3 2025 Q4 2025: $578.7M Q4 2025 Q1 2026: $604.2M Q1 2026 Q2 2026: $717.6M $717.6M Q2 2026

Holdings 173 stocks · $717.6M
LLY Eli Lilly & Co. 10.11% 60,510 $72.6M Add +18.0%
BRK.B Berkshire Hathaway Inc. Class B 9.48% 135,910 $68.0M Add +2.8%
FRFHF Fairfax Financial Hldgs Ltd. 5.83% 25,417 $41.9M Add +2.4%
EFV iShares MSCI Eafe Value ETF 5.04% 472,684 $36.2M Add +3.3%
IEMG iShares Core MSCI Emerging 4.25% 368,546 $30.5M Add +2.0%
FNDE Schwab Fndmntl Em MRK Eq ETF 3.08% 556,068 $22.1M Add +3.0%
BOC Boston Omaha Corp. Class A 2.78% 1,461,947 $19.9M Add +0.3%
SCHF Schwab Intl Equity ETF 2.78% 719,235 $19.9M Add +5.8%
CASH Pathward Financial Inc. 2.55% 210,540 $18.3M Add +3.3%
TBBK The Bancorp Inc. 2.43% 278,839 $17.5M Add +24.0%
SCHB Schwab US Broad Market ETF 2.27% 562,608 $16.3M Reduce -0.7%
SCHW Schwab (charles) Corp. 2.07% 161,024 $14.9M Add +3.5%
VTS Vitesse Energy Inc. 2.06% 938,964 $14.8M Add +2217.6%
DFH Dream Finders Homes Inc. Class A 1.97% 819,406 $14.1M Add +62.1%
LBTYK Liberty Global Ltd. Class C 1.91% 1,242,756 $13.7M Add +44.8%
FWONA Liberty Media Corp. Class A 1.90% 155,327 $13.6M Add +3.9%
DRVN Driven Brands Holdings Inc. 1.83% 944,046 $13.2M Add +0.2%
C Citigroup Inc. 1.60% 82,225 $11.5M Reduce -50.8%
AAP Advance Auto Parts Inc. 1.54% 177,210 $11.0M Add +3.1%
AMLP Alerian MLP ETF 1.42% 196,637 $10.2M Add +3.9%
MSFT Microsoft Corp. 1.42% 27,304 $10.2M Add +2.1%
LULU Lululemon Athletica Inc. 1.37% 86,396 $9.9M New
VBR Vngrd Mrngst SL-CP Val ETF-U 1.35% 39,970 $9.7M Add +6.8%
VDE Vanguard Energy ETF 1.30% 61,997 $9.3M Add +4.4%
BATRK Atlanta Braves Holdings in-C 1.23% 169,818 $8.8M Add +3.3%
CWGL Crimson Wine Group Ltd. 1.20% 1,956,931 $8.6M Add +11.1%
ACI Albertsons Cos Inc. Class A 1.08% 571,094 $7.7M Add +167.3%
RSP Invesco S&P 500 Equal Weight 1.06% 35,680 $7.6M Add +14.9%
OXY Occidental Petroleum Corp. 1.02% 151,399 $7.4M Add +2.6%
EPD Enterprise Products Partners 0.96% 188,277 $6.9M Add +0.6%
FFXDF Fairfax India Ho-Sub VTG SHS 0.92% 363,232 $6.6M Add +6.9%
NVDA Nvidia Corp. 0.81% 28,875 $5.8M Add +8.0%
AXP American Express Co. 0.79% 16,815 $5.7M Reduce -0.4%
AMZN Amazon.com Inc. 0.76% 22,865 $5.4M Add +3.6%
NVR NVR Inc. 0.69% 723 $4.9M Add +9.6%
AAPL Apple Inc. 0.65% 16,182 $4.7M Add +8.0%
BRK.A Berkshire Hathaway Inc. Class A 0.63% 6 $4.5M No change
KR Kroger Co. 0.62% 79,827 $4.4M Add +1.8%
UNH Unitedhealth Group Inc. 0.61% 10,457 $4.3M Add +0.8%
IWR iShares Russell Mid-Cap ETF 0.55% 35,515 $3.9M No change
GOOGL Alphabet Inc. Class A 0.51% 10,203 $3.6M Add +4.8%
GOOG Alphabet Inc. Class C 0.50% 10,148 $3.6M Add +2.7%
SCHG Schwab US Large-Cap Growth 0.49% 104,946 $3.6M No change
BTT BlackRock 2030 Muni TRGT TRM 0.44% 137,301 $3.1M Add +0.1%
SCHV Schwab US Large-Cap Value 0.39% 80,853 $2.8M Add +1.4%
WMT Walmart Inc. 0.38% 24,330 $2.8M Add +1.6%
SCHX Schwab US Large-Cap ETF 0.32% 77,853 $2.3M Reduce -0.5%
VTI VG Morningstar TS MKT ETF-US 0.27% 5,294 $2.0M Add +0.5%
MRK Merck & Co. Inc. 0.26% 14,495 $1.9M Reduce -1.2%
JPM JPMorgan Chase & Co. 0.25% 5,565 $1.8M Add +4.1%
TSM Taiwan Semiconductor-SP ADR 0.25% 3,732 $1.8M Add +0.4%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.24% 24,071 $1.7M No change
CSX CSX Corp. 0.23% 34,921 $1.7M Add +0.6%
VWO Vanguard Ftse Emerging Marke 0.23% 27,584 $1.6M Reduce -1.0%
BWB Bridgewater Bancshares Inc. 0.23% 77,304 $1.6M Reduce -2.4%
KMX Carmax Inc. 0.23% 30,552 $1.6M Add +54.0%
AVGO Broadcom Inc. 0.22% 4,242 $1.6M Add +9.2%
ABBV Abbvie Inc. 0.22% 6,305 $1.6M Add +2.3%
UPS United Parcel Service Class B 0.22% 14,677 $1.6M Add +65.8%
STLA Stellantis NV 0.21% 264,437 $1.5M Reduce -10.6%
CAT Caterpillar Inc. 0.21% 1,395 $1.5M Add +2.6%
V Visa Inc. Class A 0.20% 4,148 $1.4M Add +3.2%
JNJ Johnson & Johnson 0.20% 5,565 $1.4M Add +3.4%
HD Home Depot Inc. 0.18% 3,571 $1.3M Add +1.8%
IWM iShares Russell 2000 ETF 0.17% 4,129 $1.2M No change
SPCX Space Exploration Techn Class A 0.16% 6,916 $1.2M New
ARCC Ares Capital Corp. 0.16% 62,740 $1.2M New
MMM 3M Co. 0.16% 6,984 $1.1M Add +0.9%
XOM Exxon Mobil Corp. 0.16% 8,157 $1.1M Add +4.8%
VTV Vanguard Mrngstr Val ETF-Aui 0.15% 5,087 $1.1M Reduce -0.6%
PM Philip Morris International 0.15% 5,815 $1.1M Add +2.1%
BBY Best Buy Co. Inc. 0.15% 13,860 $1.1M Add +1.0%
SPSM SS SPDR P S&P 600 Small Cap 0.14% 17,632 $1.0M Reduce -2.7%
IEFA iShares Core MSCI Eafe ETF 0.14% 10,286 $993K Add +0.2%
CVX Chevron Corp. 0.14% 5,965 $989K Add +3.1%
IVV iShares Core S&P 500 ETF 0.14% 1,304 $977K Reduce -3.0%
MCD McDonald's Corp. 0.13% 3,552 $960K Add +1.8%
VUG Vanguard Mrngstar GR ETF-Sui 0.13% 11,118 $958K No change
EFA iShares MSCI Eafe ETF 0.13% 9,138 $949K No change
VEA Vanguard Ftse Developed ETF 0.13% 12,676 $903K No change
VST Vistra Corp. 0.12% 5,650 $896K Add +0.3%
KO The Coca-Cola Co. 0.12% 10,442 $849K Add +3.3%
IWO iShares Russell 2000 Growth 0.11% 2,075 $818K No change
MPC Marathon Petroleum Corp. 0.11% 3,192 $816K Add +0.8%
TSLA Tesla Inc. 0.11% 1,935 $814K Add +63.0%
DAL Delta Air Lines Inc. 0.11% 8,647 $810K Add +0.6%
MU Micron Technology Inc. 0.11% 685 $790K Add +5.9%
AMD Advanced Micro Devices 0.11% 1,360 $790K Add +8.9%
URI United Rentals Inc. 0.11% 689 $781K Add +0.9%
ORCL Oracle Corp. 0.11% 5,297 $776K Add +2.8%
AMAT Applied Materials Inc. 0.10% 980 $709K Add +6.9%
PEP Pepsico Inc. 0.09% 4,884 $661K Add +2.1%
VOO Vanguard S&P 500 ETF 0.09% 950 $653K Add +0.5%
XLF SS Financial Select Sector 0.09% 12,154 $652K No change
ITW Illinois Tool Works 0.09% 2,266 $613K Add +1.5%
VYM Vanguard High DVD Yield ETF 0.08% 3,700 $585K No change
ACWX iShares MSCI Acwi Ex US ETF 0.08% 7,500 $571K No change
INTC Intel Corp. 0.07% 3,839 $536K Reduce -24.3%
GRBK Green Brick Partners Inc. 0.07% 6,355 $509K No change
DE Deere & Co. 0.07% 781 $495K Add +2.9%

Show all 173 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $277K (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 10,400$277KNo change

Total filed on the 13F, all lines: $717.8M.

Portfolio Sells Q1 2026 → Q2 2026
C Citigroup Inc. Reduce -50.8% 1.60% −1.53
STLA Stellantis NV Reduce -10.6% 0.21% −0.14
SCHB Schwab US Broad Market ETF Reduce -0.7% 2.27% −0.08
HON Honeywell International Inc. Sold out 0.00% −0.07
AXP American Express Co. Reduce -0.4% 0.79% −0.05
MRK Merck & Co. Inc. Reduce -1.2% 0.26% −0.03
BP BP PLC-Spons ADR Reduce -0.3% 0.06% −0.03
GLD SPDR Gold Shares Reduce -20.1% 0.03% −0.02
VWO Vanguard Ftse Emerging Marke Reduce -1.0% 0.23% −0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -13.8% 0.07% −0.01
SCHX Schwab US Large-Cap ETF Reduce -0.5% 0.32% −0.01
SHEL Shell PLC-ADR Reduce -3.8% 0.02% −0.01
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.6% 0.15% −0.01
MKL Markel Group Inc. Reduce -1.3% 0.06% −0.01
IVV iShares Core S&P 500 ETF Reduce -3.0% 0.14% −0.01
MDU Mdu Resources Group Inc. Reduce -8.7% 0.03% −0.01
KNF Knife River Corp. Reduce -10.7% 0.02% −0.01
BWB Bridgewater Bancshares Inc. Reduce -2.4% 0.23% −0.01
IVLU iShares MSCI International V Reduce -2.5% 0.03% −0.01
FNDF Schwab Fndmn Intl LRG Co. ETF Reduce -0.1% 0.05% −0.01
SPSM SS SPDR P S&P 600 Small Cap Reduce -2.7% 0.14% −0.00
SCHA Schwab US Small-Cap ETF Reduce -3.4% 0.03% +0.00
ECG Everus Construction Group Reduce -3.7% 0.06% +0.01
INTC Intel Corp. Reduce -24.3% 0.07% +0.04

Portfolio Buys Q1 2026 → Q2 2026
LLY Eli Lilly & Co. Add +18.0% 10.11% +2.31
VTS Vitesse Energy Inc. Add +2217.6% 2.06% +1.94
LULU Lululemon Athletica Inc. New 1.37% +1.37
DFH Dream Finders Homes Inc. Class A Add +62.1% 1.97% +0.81
ACI Albertsons Cos Inc. Class A Add +167.3% 1.08% +0.47
TBBK The Bancorp Inc. Add +24.0% 2.43% +0.43
LBTYK Liberty Global Ltd. Class C Add +44.8% 1.91% +0.24
SPCX Space Exploration Techn Class A New 0.16% +0.16
ARCC Ares Capital Corp. New 0.16% +0.16
UNH Unitedhealth Group Inc. Add +0.8% 0.61% +0.14
KMX Carmax Inc. Add +54.0% 0.23% +0.09
IEMG iShares Core MSCI Emerging Add +2.0% 4.25% +0.08
UPS United Parcel Service Class B Add +65.8% 0.22% +0.08
MU Micron Technology Inc. Add +5.9% 0.11% +0.07
RSP Invesco S&P 500 Equal Weight Add +14.9% 1.06% +0.07
AMD Advanced Micro Devices Add +8.9% 0.11% +0.07
BATRK Atlanta Braves Holdings in-C Add +3.3% 1.23% +0.07
PANW Palo Alto Networks Inc. New 0.05% +0.05
ASML ASML Holding NV-NY Reg SHS New 0.05% +0.05
CAT Caterpillar Inc. Add +2.6% 0.21% +0.05
AMAT Applied Materials Inc. Add +6.9% 0.10% +0.05
GOOGL Alphabet Inc. Class A Add +4.8% 0.51% +0.04
TSM Taiwan Semiconductor-SP ADR Add +0.4% 0.25% +0.04
TSLA Tesla Inc. Add +63.0% 0.11% +0.04
AAP Advance Auto Parts Inc. Add +3.1% 1.54% +0.04
NVDA Nvidia Corp. Add +8.0% 0.81% +0.03
FAST Fastenal Co. New 0.03% +0.03
FCX Freeport-McMoran Inc. New 0.03% +0.03
DFAC Dimensional US Core Equity 2 New 0.03% +0.03
GDX Vaneck Gold Miners ETF New 0.03% +0.03
GOOG Alphabet Inc. Class C Add +2.7% 0.50% +0.03
URI United Rentals Inc. Add +0.9% 0.11% +0.03
AVGO Broadcom Inc. Add +9.2% 0.22% +0.02
AAPL Apple Inc. Add +8.0% 0.65% +0.02
DAL Delta Air Lines Inc. Add +0.6% 0.11% +0.02
FFXDF Fairfax India Ho-Sub VTG SHS Add +6.9% 0.92% +0.02
TXN Texas Instruments Inc. Add +9.4% 0.04% +0.01
VBR Vngrd Mrngst SL-CP Val ETF-U Add +6.8% 1.35% +0.01
VRT Vertiv Holdings Co. Class A Add +2.7% 0.05% +0.01
WERN Werner Enterprises Inc. Add +0.2% 0.03% +0.01
MNST Monster Beverage Corp. Add +1.7% 0.05% +0.01
QCOM Qualcomm Inc. Add +12.5% 0.02% +0.00
BAC Bank of America Corp. Add +6.9% 0.06% +0.00
IBM Intl Business Machines Corp. Add +20.1% 0.02% +0.00
ETN Eaton Corp. PLC Add +3.5% 0.04% +0.00
META Meta Platforms Inc. Class A Add +23.4% 0.06% +0.00
BBY Best Buy Co. Inc. Add +1.0% 0.15% +0.00
SBUX Starbucks Corp. Add +9.4% 0.02% +0.00
DHI D.R. Horton Inc. Add +1.9% 0.04% +0.00
SYY Sysco Corp. Add +2.8% 0.03% +0.00

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 173$717.6MLLY, BRK.B, FRFHF, EFV, IEMG
Q1 2026 165$604.2MBRK.B, LLY, FRFHF, EFV, IEMG
Q4 2025 163$578.7MBRK.B, FRFHF, EFV, LLY, IEMG
Q3 2025 156$550.6MBRK.B, FRFHF, EFV, IEMG, LLY
Q2 2025 151$497.0MBRK.B, FRFHF, EFV, IEMG, LLY
Q1 2025 151$447.6MBRK.B, FRFHF, EFV, LLY, IEMG
Q4 2024 154$412.0MBRK.B, FRFHF, LLY, IEMG, SCHB
Q3 2024 152$425.9MBRK.B, FRFHF, LLY, IEMG, LBTYK
Q2 2024 152$396.6MBRK.B, FRFHF, LLY, IEMG, SCHB
Q1 2024 154$396.4MBRK.B, FRFHF, LLY, IEMG, SCHB