Elgethun Capital Management
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Elgethun Capital Management reported 165 stock positions worth $604.2 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 10.5% of the portfolio, followed by Eli Lilly (LLY, 7.8%) and Fairfax Financial (FRFHF, 7.0%). Compared with Q4 2025, it opened 5 new positions, sold out of 3, added to 69 and reduced 32. The biggest buy was Eli Lilly (LLY, shares +108%) and the biggest sale Fairfax Financial (FRFHF, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- SIOUX FALLS, SD
- CIK
- 0001638022
- Portfolio Value
- $604.2M (Q1 2026)
- SEC Filing
- 0001420506-26-000980 ↗ filed May 14, 2026
Holdings Value
Holdings 165 stocks · $604.2M
| BRK.B Berkshire Hathaway Inc. Class B | 10.49% | 132,203 | $63.4M | Add +0.2% |
| LLY Eli Lilly & Co. | 7.81% | 51,279 | $47.2M | Add +108.1% |
| FRFHF Fairfax Financial Hldgs Ltd. | 7.00% | 24,820 | $42.3M | Reduce -0.1% |
| EFV iShares MSCI Eafe Value ETF | 5.63% | 457,396 | $34.0M | Add +0.5% |
| IEMG iShares Core MSCI Emerging | 4.17% | 361,398 | $25.2M | Reduce -0.4% |
| FNDE Schwab Fndmntl Em MRK Eq ETF | 3.42% | 539,773 | $20.7M | Add +0.6% |
| C Citigroup Inc. | 3.14% | 167,106 | $19.0M | Reduce -4.4% |
| CASH Pathward Financial Inc. | 3.01% | 203,763 | $18.2M | Add +0.5% |
| BOC Boston Omaha Corp. Class A | 2.82% | 1,457,992 | $17.0M | Add +0.3% |
| SCHF Schwab Intl Equity ETF | 2.79% | 679,997 | $16.8M | Add +3.4% |
| SCHW Schwab (charles) Corp. | 2.42% | 155,576 | $14.6M | Reduce -3.0% |
| SCHB Schwab US Broad Market ETF | 2.35% | 566,645 | $14.2M | Add +6.6% |
| TBBK The Bancorp Inc. | 2.00% | 224,891 | $12.1M | Add +2.1% |
| DRVN Driven Brands Holdings Inc. | 1.97% | 942,282 | $11.9M | Add +76.9% |
| FWONA Liberty Media Corp. Class A | 1.93% | 149,440 | $11.7M | Add +1.3% |
| VDE Vanguard Energy ETF | 1.70% | 59,369 | $10.3M | Add +2.7% |
| LBTYK Liberty Global Ltd. Class C | 1.67% | 857,997 | $10.1M | Add +3.4% |
| AMLP Alerian MLP ETF | 1.65% | 189,327 | $10.0M | Add +0.4% |
| MSFT Microsoft Corp. | 1.64% | 26,740 | $9.9M | Add +13.0% |
| OXY Occidental Petroleum Corp. | 1.59% | 147,616 | $9.6M | Add +1.3% |
| AAP Advance Auto Parts Inc. | 1.50% | 171,933 | $9.1M | Add +1.0% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.35% | 37,432 | $8.1M | Add +2.3% |
| CWGL Crimson Wine Group Ltd. | 1.29% | 1,761,326 | $7.8M | Add +6.2% |
| EPD Enterprise Products Partners | 1.17% | 187,091 | $7.1M | Add +1.5% |
| DFH Dream Finders Homes Inc. Class A | 1.16% | 505,378 | $7.0M | Add +2.1% |
| BATRK Atlanta Braves Holdings in-C | 1.16% | 164,330 | $7.0M | Add +2.5% |
| RSP Invesco S&P 500 Equal Weight | 0.99% | 31,052 | $6.0M | Add +2.4% |
| KR Kroger Co. | 0.94% | 78,402 | $5.7M | Reduce -1.2% |
| FFXDF Fairfax India Ho-Sub VTG SHS | 0.91% | 339,874 | $5.5M | Add +0.8% |
| AXP American Express Co. | 0.84% | 16,876 | $5.1M | Reduce -1.0% |
| NVDA Nvidia Corp. | 0.77% | 26,736 | $4.7M | Reduce -1.4% |
| AMZN Amazon.com Inc. | 0.76% | 22,066 | $4.6M | Add +0.6% |
| NVR NVR Inc. | 0.72% | 660 | $4.3M | Add +3.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.71% | 6 | $4.3M | Add +100.0% |
| AAPL Apple Inc. | 0.63% | 14,978 | $3.8M | Add +0.0% |
| ACI Albertsons Cos Inc. Class A | 0.60% | 213,616 | $3.6M | Add +0.8% |
| IWR iShares Russell Mid-Cap ETF | 0.57% | 35,515 | $3.5M | No change |
| BTT BlackRock 2030 Muni TRGT TRM | 0.52% | 137,169 | $3.1M | Add +0.1% |
| SCHG Schwab US Large-Cap Growth | 0.51% | 104,946 | $3.1M | No change |
| WMT Walmart Inc. | 0.49% | 23,959 | $3.0M | Reduce -0.3% |
| GOOG Alphabet Inc. Class C | 0.47% | 9,883 | $2.8M | Add +0.0% |
| UNH Unitedhealth Group Inc. | 0.46% | 10,372 | $2.8M | Reduce -3.1% |
| GOOGL Alphabet Inc. Class A | 0.46% | 9,739 | $2.8M | Add +0.0% |
| SCHV Schwab US Large-Cap Value | 0.40% | 79,741 | $2.4M | Add +1.9% |
| STLA Stellantis NV | 0.35% | 295,817 | $2.1M | Reduce -7.2% |
| SCHX Schwab US Large-Cap ETF | 0.33% | 78,268 | $2.0M | Reduce -0.3% |
| MRK Merck & Co. Inc. | 0.29% | 14,677 | $1.8M | Add +23.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.28% | 5,270 | $1.7M | Add +124.3% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.26% | 24,071 | $1.6M | Add +0.0% |
| JPM JPMorgan Chase & Co. | 0.26% | 5,345 | $1.6M | Add +0.0% |
| VWO Vanguard Ftse Emerging Marke | 0.25% | 27,853 | $1.5M | Reduce -0.5% |
| CSX CSX Corp. | 0.24% | 34,709 | $1.4M | Add +182.0% |
| BWB Bridgewater Bancshares Inc. | 0.23% | 79,229 | $1.4M | Reduce -0.0% |
| ABBV Abbvie Inc. | 0.22% | 6,163 | $1.3M | Reduce -2.2% |
| XOM Exxon Mobil Corp. | 0.22% | 7,785 | $1.3M | Reduce -3.0% |
| JNJ Johnson & Johnson | 0.22% | 5,381 | $1.3M | Add +30.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.21% | 3,717 | $1.3M | No change |
| V Visa Inc. Class A | 0.20% | 4,018 | $1.2M | No change |
| AVGO Broadcom Inc. | 0.20% | 3,885 | $1.2M | Add +0.1% |
| CVX Chevron Corp. | 0.20% | 5,786 | $1.2M | Add +16.6% |
| HD Home Depot Inc. | 0.19% | 3,508 | $1.2M | Add +6.2% |
| MCD McDonald's Corp. | 0.18% | 3,488 | $1.1M | Add +0.3% |
| IWM iShares Russell 2000 ETF | 0.17% | 4,129 | $1.0M | No change |
| MMM 3M Co. | 0.17% | 6,924 | $1.0M | Add +0.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.17% | 5,116 | $1.0M | No change |
| CAT Caterpillar Inc. | 0.16% | 1,360 | $964K | Add +22.2% |
| PM Philip Morris International | 0.16% | 5,696 | $942K | Add +22.6% |
| IEFA iShares Core MSCI Eafe ETF | 0.15% | 10,264 | $929K | No change |
| EFA iShares MSCI Eafe ETF | 0.15% | 9,138 | $888K | No change |
| BBY Best Buy Co. Inc. | 0.15% | 13,718 | $881K | New |
| IVV iShares Core S&P 500 ETF | 0.15% | 1,344 | $878K | No change |
| SPSM SS SPDR P S&P 600 Small Cap | 0.14% | 18,126 | $876K | Reduce -4.9% |
| UPS United Parcel Service Class B | 0.14% | 8,851 | $871K | Add +36.5% |
| VST Vistra Corp. | 0.14% | 5,633 | $847K | No change |
| KMX Carmax Inc. | 0.14% | 19,835 | $825K | Add +63.6% |
| VEA Vanguard Ftse Developed ETF | 0.13% | 12,676 | $812K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.13% | 1,853 | $809K | Reduce -2.2% |
| MPC Marathon Petroleum Corp. | 0.13% | 3,168 | $774K | No change |
| KO The Coca-Cola Co. | 0.13% | 10,107 | $769K | Reduce -2.8% |
| ORCL Oracle Corp. | 0.13% | 5,152 | $758K | Add +0.2% |
| PEP Pepsico Inc. | 0.12% | 4,782 | $743K | Add +0.0% |
| VTS Vitesse Energy Inc. | 0.12% | 40,514 | $736K | Add +467.5% |
| IWO iShares Russell 2000 Growth | 0.11% | 2,075 | $651K | No change |
| XLF SS Financial Select Sector | 0.10% | 12,154 | $600K | No change |
| ITW Illinois Tool Works | 0.10% | 2,233 | $581K | Add +73.2% |
| DAL Delta Air Lines Inc. | 0.09% | 8,600 | $572K | New |
| VOO Vanguard S&P 500 ETF | 0.09% | 945 | $565K | Add +0.2% |
| BP BP PLC-Spons ADR | 0.09% | 11,784 | $554K | Reduce -7.2% |
| VYM Vanguard High DVD Yield ETF | 0.09% | 3,700 | $548K | No change |
| EMAT Evolution Metals & Technolog | 0.09% | 70,073 | $532K | New |
| ACWX iShares MSCI Acwi Ex US ETF | 0.09% | 7,500 | $514K | No change |
| URI United Rentals Inc. | 0.08% | 683 | $498K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.08% | 724 | $471K | Reduce -7.3% |
| DHR Danaher Corp. | 0.08% | 2,432 | $461K | No change |
| MKL Markel Group Inc. | 0.08% | 238 | $456K | No change |
| TSLA Tesla Inc. | 0.07% | 1,187 | $441K | Reduce -4.6% |
| RTX RTX Corp. | 0.07% | 2,263 | $437K | Add +0.2% |
| NOW ServiceNow Inc. | 0.07% | 4,150 | $434K | No change |
| DE Deere & Co. | 0.07% | 759 | $428K | Add +0.1% |
| CASY Casey's General Stores Inc. | 0.07% | 585 | $426K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $446K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 10,400 | $446K | No change |
Total filed on the 13F, all lines: $604.6M.
Portfolio Sells Q4 2025 → Q1 2026
| FRFHF Fairfax Financial Hldgs Ltd. | Reduce -0.1% | 7.00% | −1.19 |
| INTC Intel Corp. | Reduce -96.3% | 0.04% | −0.84 |
| C Citigroup Inc. | Reduce -4.4% | 3.14% | −0.39 |
| SCHW Schwab (charles) Corp. | Reduce -3.0% | 2.42% | −0.35 |
| STLA Stellantis NV | Reduce -7.2% | 0.35% | −0.25 |
| AXP American Express Co. | Reduce -1.0% | 0.84% | −0.24 |
| UNH Unitedhealth Group Inc. | Reduce -3.1% | 0.46% | −0.15 |
| NVDA Nvidia Corp. | Reduce -1.4% | 0.77% | −0.10 |
| IBM Intl Business Machines Corp. | Reduce -71.6% | 0.01% | −0.05 |
| GEF.B Greif Inc. Class B | Sold out | 0.00% | −0.05 |
| TGT Target Corp. | Reduce -65.8% | 0.03% | −0.04 |
| IEMG iShares Core MSCI Emerging | Reduce -0.4% | 4.17% | −0.04 |
| CNQ Canadian Natural Resources | Sold out | 0.00% | −0.04 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.3% | 0.33% | −0.03 |
| ABBV Abbvie Inc. | Reduce -2.2% | 0.22% | −0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -2.2% | 0.13% | −0.03 |
| TSLA Tesla Inc. | Reduce -4.6% | 0.07% | −0.02 |
| NGD New Gold Inc. | Sold out | 0.00% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -7.3% | 0.08% | −0.01 |
| MO Altria Group Inc. | Reduce -34.7% | 0.03% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -0.5% | 0.25% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -4.9% | 0.14% | −0.01 |
| BWB Bridgewater Bancshares Inc. | Reduce -0.0% | 0.23% | −0.01 |
| AMD Advanced Micro Devices | Reduce -0.1% | 0.04% | −0.00 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Reduce -8.7% | 0.05% | −0.00 |
| AMT American Tower Corp. | Reduce -7.4% | 0.02% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Reduce -3.5% | 0.02% | −0.00 |
| SCHA Schwab US Small-Cap ETF | Reduce -0.5% | 0.03% | −0.00 |
| MU Micron Technology Inc. | Reduce -13.4% | 0.04% | −0.00 |
| KO The Coca-Cola Co. | Reduce -2.8% | 0.13% | +0.00 |
| AMAT Applied Materials Inc. | Reduce -0.1% | 0.05% | +0.01 |
| BP BP PLC-Spons ADR | Reduce -7.2% | 0.09% | +0.02 |
| WMT Walmart Inc. | Reduce -0.3% | 0.49% | +0.03 |
| XOM Exxon Mobil Corp. | Reduce -3.0% | 0.22% | +0.05 |
| KR Kroger Co. | Reduce -1.2% | 0.94% | +0.08 |
Portfolio Buys Q4 2025 → Q1 2026
| LLY Eli Lilly & Co. | Add +108.1% | 7.81% | +3.23 |
| DRVN Driven Brands Holdings Inc. | Add +76.9% | 1.97% | +0.60 |
| OXY Occidental Petroleum Corp. | Add +1.3% | 1.59% | +0.55 |
| CASH Pathward Financial Inc. | Add +0.5% | 3.01% | +0.52 |
| VDE Vanguard Energy ETF | Add +2.7% | 1.70% | +0.44 |
| AAP Advance Auto Parts Inc. | Add +1.0% | 1.50% | +0.34 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +100.0% | 0.71% | +0.32 |
| CSX CSX Corp. | Add +182.0% | 0.24% | +0.16 |
| EPD Enterprise Products Partners | Add +1.5% | 1.17% | +0.15 |
| BBY Best Buy Co. Inc. | New | 0.15% | +0.15 |
| VTI VG Morningstar TS MKT ETF-US | Add +124.3% | 0.28% | +0.14 |
| AMLP Alerian MLP ETF | Add +0.4% | 1.65% | +0.12 |
| VTS Vitesse Energy Inc. | Add +467.5% | 0.12% | +0.10 |
| DAL Delta Air Lines Inc. | New | 0.09% | +0.09 |
| EMAT Evolution Metals & Technolog | New | 0.09% | +0.09 |
| LBTYK Liberty Global Ltd. Class C | Add +3.4% | 1.67% | +0.08 |
| MRK Merck & Co. Inc. | Add +23.3% | 0.29% | +0.08 |
| FNDE Schwab Fndmntl Em MRK Eq ETF | Add +0.6% | 3.42% | +0.07 |
| JNJ Johnson & Johnson | Add +30.8% | 0.22% | +0.07 |
| BATRK Atlanta Braves Holdings in-C | Add +2.5% | 1.16% | +0.07 |
| CVX Chevron Corp. | Add +16.6% | 0.20% | +0.07 |
| META Meta Platforms Inc. Class A | New | 0.06% | +0.06 |
| KMX Carmax Inc. | Add +63.6% | 0.14% | +0.06 |
| SCHF Schwab Intl Equity ETF | Add +3.4% | 2.79% | +0.05 |
| CAT Caterpillar Inc. | Add +22.2% | 0.16% | +0.05 |
| VRT Vertiv Holdings Co. Class A | New | 0.04% | +0.04 |
| ITW Illinois Tool Works | Add +73.2% | 0.10% | +0.04 |
| UPS United Parcel Service Class B | Add +36.5% | 0.14% | +0.03 |
| PM Philip Morris International | Add +22.6% | 0.16% | +0.03 |
| EFV iShares MSCI Eafe Value ETF | Add +0.5% | 5.63% | +0.01 |
| GLD SPDR Gold Shares | Add +22.9% | 0.05% | +0.01 |
| NOC Northrop Grumman Corp. | Add +8.1% | 0.05% | +0.01 |
| DE Deere & Co. | Add +0.1% | 0.07% | +0.01 |
| LMT Lockheed Martin Corp. | Add +0.2% | 0.06% | +0.01 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +2.3% | 1.35% | +0.01 |
| PEP Pepsico Inc. | Add +0.0% | 0.12% | +0.00 |
| NEM Newmont Corp. | Add +0.3% | 0.07% | +0.00 |
| SCHV Schwab US Large-Cap Value | Add +1.9% | 0.40% | +0.00 |
| BND Vanguard Total Bond Market | Add +11.5% | 0.03% | +0.00 |
| MDU Mdu Resources Group Inc. | Add +0.4% | 0.04% | +0.00 |
| RTX RTX Corp. | Add +0.2% | 0.07% | +0.00 |
| WERN Werner Enterprises Inc. | Add +0.2% | 0.02% | −0.00 |
| SYY Sysco Corp. | Add +0.6% | 0.03% | −0.00 |
| PG The Procter & Gamble Co. | Add +0.3% | 0.07% | −0.00 |
| MCD McDonald's Corp. | Add +0.3% | 0.18% | −0.00 |
| ARWR Arrowhead Pharmaceuticals Inc. | Add +0.2% | 0.04% | −0.00 |
| BAC Bank of America Corp. | Add +9.1% | 0.06% | −0.00 |
| HD Home Depot Inc. | Add +6.2% | 0.19% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.3% | 0.06% | −0.01 |
| VOO Vanguard S&P 500 ETF | Add +0.2% | 0.09% | −0.01 |
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 |