Elgethun Capital Management
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Elgethun Capital Management reported 152 stock positions worth $396.6 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 13.0% of the portfolio, followed by Fairfax Financial (FRFHF, 6.6%) and Eli Lilly (LLY, 5.6%). Compared with Q1 2024, it sold out of 2, added to 75 and reduced 37. The biggest buy was Liberty Global Class C (LBTYK, shares +72%) and the biggest sale Fairfax Financial (FRFHF, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- SIOUX FALLS, SD
- CIK
- 0001638022
- Portfolio Value
- $396.6M (Q2 2024)
- SEC Filing
- 0001420506-24-001425 ↗ filed Aug 14, 2024
Holdings Value
Holdings 152 stocks · $396.6M
| BRK.B Berkshire Hathaway Inc. Class B | 12.99% | 126,650 | $51.5M | Add +3.1% |
| FRFHF Fairfax Financial Hldgs Ltd. | 6.58% | 22,942 | $26.1M | Reduce -20.7% |
| LLY Eli Lilly & Co. | 5.62% | 24,633 | $22.3M | Add +4.6% |
| IEMG iShares Core MSCI Emerging | 4.25% | 314,814 | $16.9M | Reduce -1.9% |
| SCHB Schwab US Broad Market ETF | 3.83% | 241,639 | $15.2M | Reduce -1.8% |
| EFV iShares MSCI Eafe Value ETF | 3.68% | 274,805 | $14.6M | Add +5.3% |
| LBTYK Liberty Global Ltd. Class C | 3.36% | 746,975 | $13.3M | Add +71.7% |
| CASH Pathward Financial Inc. | 2.76% | 193,747 | $11.0M | Add +1.9% |
| MSFT Microsoft Corp. | 2.73% | 24,191 | $10.8M | Reduce -0.3% |
| SCHW Schwab (charles) Corp. | 2.66% | 143,319 | $10.6M | Add +0.9% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 2.28% | 305,494 | $9.0M | Add +13.7% |
| FWONA Liberty Media Corp. Class A | 2.22% | 137,214 | $8.8M | Add +2.7% |
| CWGL Crimson Wine Group Ltd. | 2.15% | 1,428,628 | $8.5M | Add +0.7% |
| TBBK The Bancorp Inc. | 2.14% | 224,558 | $8.5M | Add +0.8% |
| AMLP Alerian MLP ETF | 1.97% | 162,503 | $7.8M | Add +1.8% |
| NVR NVR Inc. | 1.77% | 923 | $7.0M | Reduce -0.8% |
| SCHF Schwab Intl Equity ETF | 1.64% | 169,101 | $6.5M | Add +18.4% |
| LSXMK Liberty Media Corp.-Liber-New | 1.52% | 271,467 | $6.0M | Add +5.5% |
| BOC Boston Omaha Corp. Class A | 1.49% | 437,876 | $5.9M | Reduce -1.6% |
| VDE Vanguard Energy ETF | 1.48% | 46,063 | $5.9M | Add +0.6% |
| WFC Wells Fargo & Co. | 1.35% | 90,015 | $5.3M | Reduce -1.8% |
| BATRK Atlanta Braves Holdings in-C | 1.20% | 120,739 | $4.8M | Add +2.9% |
| C Citigroup Inc. | 1.18% | 73,467 | $4.7M | Add +8.3% |
| AXP American Express Co. | 1.06% | 18,218 | $4.2M | Add +0.4% |
| KMX Carmax Inc. | 1.06% | 57,159 | $4.2M | Reduce -3.9% |
| STLA Stellantis NV | 1.03% | 206,274 | $4.1M | Add +0.0% |
| KR Kroger Co. | 0.97% | 76,889 | $3.8M | Add +0.2% |
| INTC Intel Corp. | 0.95% | 122,254 | $3.8M | Add +1.9% |
| UNH Unitedhealth Group Inc. | 0.93% | 7,256 | $3.7M | Reduce -4.9% |
| SBUX Starbucks Corp. | 0.88% | 44,863 | $3.5M | Add +4.2% |
| ACI Albertsons Cos Inc. Class A | 0.88% | 176,298 | $3.5M | Reduce -6.1% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.87% | 59,579 | $3.5M | Add +4.7% |
| AMZN Amazon.com Inc. | 0.86% | 17,605 | $3.4M | No change |
| AAPL Apple Inc. | 0.85% | 16,050 | $3.4M | Reduce -1.8% |
| JNJ Johnson & Johnson | 0.82% | 22,324 | $3.3M | Reduce -0.3% |
| FFXDF Fairfax India Ho-Sub VTG SHS | 0.78% | 216,026 | $3.1M | Add +6.8% |
| IWR iShares Russell Mid-Cap ETF | 0.73% | 35,558 | $2.9M | Add +0.0% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.71% | 15,414 | $2.8M | Add +28.5% |
| EPD Enterprise Products Partners | 0.70% | 95,727 | $2.8M | Add +1.3% |
| SCHX Schwab US Large-Cap ETF | 0.67% | 41,264 | $2.7M | Add +0.8% |
| DFH Dream Finders Homes Inc. Class A | 0.61% | 92,971 | $2.4M | Add +0.4% |
| CVS CVS Health Corp. | 0.56% | 37,542 | $2.2M | Reduce -1.3% |
| OPFI Oppfi Inc. | 0.53% | 624,851 | $2.1M | Reduce -7.9% |
| WBD Warner Bros Discovery Inc. | 0.51% | 274,021 | $2.0M | Reduce -3.6% |
| WMT Walmart Inc. | 0.39% | 22,967 | $1.6M | Add +0.1% |
| GOOG Alphabet Inc. Class C | 0.39% | 8,422 | $1.5M | Add +0.0% |
| SCHV Schwab US Large-Cap Value | 0.38% | 20,514 | $1.5M | Add +4.2% |
| MRK Merck & Co. Inc. | 0.38% | 12,134 | $1.5M | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 0.36% | 7,811 | $1.4M | No change |
| KVUE Kenvue Inc. | 0.35% | 75,750 | $1.4M | Reduce -1.5% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.32% | 16,040 | $1.3M | Add +0.0% |
| ABBV Abbvie Inc. | 0.31% | 7,092 | $1.2M | Reduce -2.1% |
| BWB Bridgewater Bancshares Inc. | 0.31% | 104,709 | $1.2M | Reduce -5.4% |
| PEP Pepsico Inc. | 0.29% | 6,977 | $1.2M | Add +0.9% |
| VWO Vanguard Ftse Emerging Marke | 0.29% | 25,877 | $1.1M | Add +0.2% |
| V Visa Inc. Class A | 0.26% | 3,989 | $1.0M | Reduce -11.1% |
| CVX Chevron Corp. | 0.24% | 6,151 | $962K | Add +0.6% |
| XOM Exxon Mobil Corp. | 0.24% | 8,326 | $958K | Reduce -0.3% |
| HD Home Depot Inc. | 0.24% | 2,750 | $947K | Reduce -8.3% |
| JPM JPMorgan Chase & Co. | 0.23% | 4,455 | $901K | Add +0.0% |
| MCD McDonald's Corp. | 0.22% | 3,370 | $859K | Reduce -1.0% |
| IWM iShares Russell 2000 ETF | 0.21% | 4,127 | $837K | Add +0.0% |
| NOW ServiceNow Inc. | 0.20% | 1,000 | $787K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.20% | 4,520 | $786K | Add +0.0% |
| MMM 3M Co. | 0.19% | 7,352 | $751K | Reduce -3.0% |
| EFA iShares MSCI Eafe ETF | 0.18% | 9,137 | $716K | No change |
| MPC Marathon Petroleum Corp. | 0.17% | 4,000 | $694K | No change |
| KO The Coca-Cola Co. | 0.17% | 10,499 | $668K | Add +0.1% |
| IWO iShares Russell 2000 Growth | 0.16% | 2,375 | $623K | Add +0.0% |
| DHR Danaher Corp. | 0.15% | 2,431 | $607K | No change |
| PG The Procter & Gamble Co. | 0.15% | 3,680 | $607K | Reduce -0.3% |
| BP BP PLC-Spons ADR | 0.15% | 16,702 | $603K | Reduce -1.4% |
| AVGO Broadcom Inc. | 0.15% | 375 | $602K | No change |
| MKL Markel Group Inc. | 0.15% | 378 | $596K | No change |
| GEF.B Greif Inc. Class B | 0.15% | 9,416 | $588K | Add +0.9% |
| XLF SS Financial Select Sector | 0.14% | 13,182 | $542K | Add +0.0% |
| SPGI S&P Global Inc. | 0.12% | 1,083 | $483K | No change |
| HON Honeywell International Inc. | 0.12% | 2,213 | $473K | Add +0.1% |
| NVDA Nvidia Corp. | 0.12% | 3,729 | $461K | No change |
| ACN Accenture PLC Class A | 0.12% | 1,512 | $459K | No change |
| IVV iShares Core S&P 500 ETF | 0.11% | 797 | $436K | No change |
| PM Philip Morris International | 0.11% | 4,235 | $429K | Add +0.5% |
| WERN Werner Enterprises Inc. | 0.11% | 11,874 | $425K | Add +0.4% |
| CSX CSX Corp. | 0.10% | 12,310 | $412K | No change |
| URI United Rentals Inc. | 0.10% | 608 | $393K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.10% | 5,235 | $380K | Add +0.4% |
| BKNG Booking Holdings Inc. | 0.09% | 95 | $376K | Reduce -36.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.09% | 691 | $376K | Add +0.1% |
| IVLU iShares MSCI International V | 0.09% | 12,472 | $342K | No change |
| MA Mastercard Inc. Class A | 0.08% | 756 | $333K | No change |
| INTU Intuit Inc. | 0.08% | 506 | $333K | Reduce -37.2% |
| GRBK Green Brick Partners Inc. | 0.08% | 5,800 | $332K | No change |
| CAT Caterpillar Inc. | 0.08% | 940 | $313K | Add +0.2% |
| CB Chubb Ltd. | 0.08% | 1,219 | $311K | Add +8.9% |
| COST Costco Wholesale Corp. | 0.08% | 365 | $310K | Add +0.3% |
| ICE Intercontinental Exchange Inc. | 0.08% | 2,184 | $299K | No change |
| UNP Union Pacific Corp. | 0.07% | 1,314 | $297K | Add +0.3% |
| FNDF Schwab Fndmn Intl LRG Co. ETF | 0.07% | 8,294 | $291K | Add +2.3% |
| ABT Abbott Laboratories | 0.07% | 2,649 | $275K | Add +0.2% |
| ITW Illinois Tool Works | 0.07% | 1,154 | $273K | Add +0.2% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $71K (not counted above)
Total filed on the 13F, all lines: $396.7M.
Portfolio Sells Q1 2024 → Q2 2024
| FRFHF Fairfax Financial Hldgs Ltd. | Reduce -20.7% | 6.58% | −1.33 |
| BOC Boston Omaha Corp. Class A | Reduce -1.6% | 1.49% | −0.24 |
| KMX Carmax Inc. | Reduce -3.9% | 1.06% | −0.23 |
| CVS CVS Health Corp. | Reduce -1.3% | 0.56% | −0.20 |
| GLD SPDR Gold Shares | Reduce -80.4% | 0.04% | −0.15 |
| NVR NVR Inc. | Reduce -0.8% | 1.77% | −0.15 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.14 |
| ACI Albertsons Cos Inc. Class A | Reduce -6.1% | 0.88% | −0.13 |
| WBD Warner Bros Discovery Inc. | Reduce -3.6% | 0.51% | −0.11 |
| KVUE Kenvue Inc. | Reduce -1.5% | 0.35% | −0.07 |
| JNJ Johnson & Johnson | Reduce -0.3% | 0.82% | −0.06 |
| UPS United Parcel Service Class B | Reduce -54.0% | 0.05% | −0.06 |
| MNST Monster Beverage Corp. | Reduce -49.5% | 0.04% | −0.06 |
| V Visa Inc. Class A | Reduce -11.1% | 0.26% | −0.05 |
| INTU Intuit Inc. | Reduce -37.2% | 0.08% | −0.05 |
| HD Home Depot Inc. | Reduce -8.3% | 0.24% | −0.05 |
| BKNG Booking Holdings Inc. | Reduce -36.7% | 0.09% | −0.04 |
| EL Estee Lauder Companies Class A | Sold out | 0.00% | −0.04 |
| CRM Salesforce Inc. | Reduce -25.4% | 0.06% | −0.04 |
| MCD McDonald's Corp. | Reduce -1.0% | 0.22% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -0.6% | 0.38% | −0.02 |
| ABBV Abbvie Inc. | Reduce -2.1% | 0.31% | −0.02 |
| UNH Unitedhealth Group Inc. | Reduce -4.9% | 0.93% | −0.02 |
| BWB Bridgewater Bancshares Inc. | Reduce -5.4% | 0.31% | −0.02 |
| AMT American Tower Corp. | Reduce -21.1% | 0.05% | −0.01 |
| SYY Sysco Corp. | Reduce -3.9% | 0.07% | −0.01 |
| BP BP PLC-Spons ADR | Reduce -1.4% | 0.15% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -0.3% | 0.24% | −0.00 |
| VTS Vitesse Energy Inc. | Reduce -0.7% | 0.05% | 0.00 |
| VOO Vanguard S&P 500 ETF | Reduce -1.4% | 0.04% | +0.00 |
| PG The Procter & Gamble Co. | Reduce -0.3% | 0.15% | +0.00 |
| NEE Nextera Energy Inc. | Reduce -1.4% | 0.06% | +0.01 |
| WFC Wells Fargo & Co. | Reduce -1.8% | 1.35% | +0.01 |
| MMM 3M Co. | Reduce -3.0% | 0.19% | +0.02 |
| IEMG iShares Core MSCI Emerging | Reduce -1.9% | 4.25% | +0.04 |
| SCHB Schwab US Broad Market ETF | Reduce -1.8% | 3.83% | +0.04 |
| OPFI Oppfi Inc. | Reduce -7.9% | 0.53% | +0.10 |
| MSFT Microsoft Corp. | Reduce -0.3% | 2.73% | +0.13 |
| AAPL Apple Inc. | Reduce -1.8% | 0.85% | +0.15 |
Portfolio Buys Q1 2024 → Q2 2024
| LBTYK Liberty Global Ltd. Class C | Add +71.7% | 3.36% | +1.46 |
| LLY Eli Lilly & Co. | Add +4.6% | 5.62% | +1.12 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Add +13.7% | 2.28% | +0.38 |
| CASH Pathward Financial Inc. | Add +1.9% | 2.76% | +0.35 |
| TBBK The Bancorp Inc. | Add +0.8% | 2.14% | +0.29 |
| FWONA Liberty Media Corp. Class A | Add +2.7% | 2.22% | +0.24 |
| SCHF Schwab Intl Equity ETF | Add +18.4% | 1.64% | +0.23 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +28.5% | 0.71% | +0.13 |
| EFV iShares MSCI Eafe Value ETF | Add +5.3% | 3.68% | +0.11 |
| C Citigroup Inc. | Add +8.3% | 1.18% | +0.09 |
| CWGL Crimson Wine Group Ltd. | Add +0.7% | 2.15% | +0.07 |
| SCHW Schwab (charles) Corp. | Add +0.9% | 2.66% | +0.07 |
| GOOG Alphabet Inc. Class C | Add +0.0% | 0.39% | +0.06 |
| AMLP Alerian MLP ETF | Add +1.8% | 1.97% | +0.05 |
| BATRK Atlanta Braves Holdings in-C | Add +2.9% | 1.20% | +0.04 |
| WMT Walmart Inc. | Add +0.1% | 0.39% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.0% | 0.20% | +0.04 |
| FFXDF Fairfax India Ho-Sub VTG SHS | Add +6.8% | 0.78% | +0.03 |
| SCHX Schwab US Large-Cap ETF | Add +0.8% | 0.67% | +0.03 |
| AXP American Express Co. | Add +0.4% | 1.06% | +0.02 |
| PM Philip Morris International | Add +0.5% | 0.11% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +0.2% | 0.29% | +0.01 |
| COST Costco Wholesale Corp. | Add +0.3% | 0.08% | +0.01 |
| KO The Coca-Cola Co. | Add +0.1% | 0.17% | +0.01 |
| SCHV Schwab US Large-Cap Value | Add +4.2% | 0.38% | +0.01 |
| HON Honeywell International Inc. | Add +0.1% | 0.12% | +0.01 |
| CB Chubb Ltd. | Add +8.9% | 0.08% | +0.01 |
| NEM Newmont Corp. | Add +0.6% | 0.04% | +0.01 |
| TXN Texas Instruments Inc. | Add +0.5% | 0.04% | +0.00 |
| RTX RTX Corp. | Add +3.8% | 0.06% | +0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.1% | 0.09% | +0.00 |
| ORCL Oracle Corp. | Add +0.1% | 0.03% | +0.00 |
| BAC Bank of America Corp. | Add +0.1% | 0.06% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +0.0% | 0.23% | +0.00 |
| LMT Lockheed Martin Corp. | Add +1.3% | 0.07% | +0.00 |
| NGD New Gold Inc. | Add +25.0% | 0.01% | +0.00 |
| DEM Wisdomtree Emerging Markets | Add +0.2% | 0.06% | +0.00 |
| AFL Aflac Inc. | Add +0.3% | 0.04% | +0.00 |
| PFE Pfizer Inc. | Add +1.1% | 0.04% | +0.00 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Add +2.3% | 0.07% | +0.00 |
| EPD Enterprise Products Partners | Add +1.3% | 0.70% | +0.00 |
| BUD Anheuser-Busch Inbev-SPN ADR | Add +4.7% | 0.87% | +0.00 |
| SCHA Schwab US Small-Cap ETF | Add +3.0% | 0.04% | −0.00 |
| MDU Mdu Resources Group Inc. | Add +0.3% | 0.07% | −0.00 |
| CVX Chevron Corp. | Add +0.6% | 0.24% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Add +0.1% | 0.04% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Add +0.2% | 0.04% | −0.00 |
| IEFA iShares Core MSCI Eafe ETF | Add +0.4% | 0.10% | −0.00 |
| HSY The Hershey Co. | Add +0.7% | 0.03% | −0.00 |
| XLF SS Financial Select Sector | Add +0.0% | 0.14% | −0.00 |
Notes & Other Activity Q1 2024 → Q2 2024
| SKYH.WS Yellowstone Acquisit A -CW25 | *W EXP 01/25/202 | Reduce -15.7% | 43,299 | $54K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 173 | $717.6M | LLY, BRK.B, FRFHF, EFV, IEMG |
| Q1 2026 | 165 | $604.2M | BRK.B, LLY, FRFHF, EFV, IEMG |
| Q4 2025 | 163 | $578.7M | BRK.B, FRFHF, EFV, LLY, IEMG |
| Q3 2025 | 156 | $550.6M | BRK.B, FRFHF, EFV, IEMG, LLY |
| Q2 2025 | 151 | $497.0M | BRK.B, FRFHF, EFV, IEMG, LLY |
| Q1 2025 | 151 | $447.6M | BRK.B, FRFHF, EFV, LLY, IEMG |
| Q4 2024 | 154 | $412.0M | BRK.B, FRFHF, LLY, IEMG, SCHB |
| Q3 2024 | 152 | $425.9M | BRK.B, FRFHF, LLY, IEMG, LBTYK |
| Q2 2024 | 152 | $396.6M | BRK.B, FRFHF, LLY, IEMG, SCHB |
| Q1 2024 | 154 | $396.4M | BRK.B, FRFHF, LLY, IEMG, SCHB |