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

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 $604.2M Q1 2026 Q2 2026: $717.6M Q2 2026

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
SPGI S&P Global Inc. 0.07% 984 $419K Add +0.1%
COST Costco Wholesale Corp. 0.07% 417 $415K No change
GRBK Green Brick Partners Inc. 0.07% 6,355 $410K No change
BKNG Booking Holdings Inc. 0.07% 97 $408K No change
PG The Procter & Gamble Co. 0.07% 2,767 $400K Add +0.3%
CB Chubb Ltd. 0.07% 1,219 $397K No change
HON Honeywell International Inc. 0.07% 1,752 $396K No change
NEM Newmont Corp. 0.07% 3,648 $395K Add +0.3%
MA Mastercard Inc. Class A 0.06% 785 $392K No change
DVYE iShares Emerging Markets Div 0.06% 10,925 $376K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.06% 1,281 $368K No change
META Meta Platforms Inc. Class A 0.06% 641 $367K New
QQQ Invesco QQQ Trust Series 1 0.06% 627 $362K Add +0.3%
UNP Union Pacific Corp. 0.06% 1,461 $355K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.06% 7,268 $354K Add +9.1%
LMT Lockheed Martin Corp. 0.06% 553 $334K Add +0.2%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.05% 6,730 $329K Reduce -8.7%
GLD SPDR Gold Shares 0.05% 757 $326K Add +22.9%
IJR iShares Core S&P Small-Cap E 0.05% 2,603 $324K No change
DEM Wisdomtree Emerging Markets 0.05% 6,495 $323K No change
NOC Northrop Grumman Corp. 0.05% 466 $318K Add +8.1%
ECG Everus Construction Group 0.05% 2,682 $317K No change
AMAT Applied Materials Inc. 0.05% 917 $313K Reduce -0.1%
ACN Accenture PLC Class A 0.05% 1,512 $300K No change
ABT Abbott Laboratories 0.05% 2,888 $297K No change
NEE Nextera Energy Inc. 0.05% 3,091 $287K No change
ICE Intercontinental Exchange Inc. 0.05% 1,784 $281K No change
TRV The Travelers Cos Inc. 0.04% 910 $266K No change
BSV Vanguard Short-Term Bond ETF 0.04% 3,310 $260K No change
ETN Eaton Corp. PLC 0.04% 725 $259K No change
AMD Advanced Micro Devices 0.04% 1,249 $254K Reduce -0.1%
ARWR Arrowhead Pharmaceuticals Inc. 0.04% 4,007 $251K Add +0.2%
VRT Vertiv Holdings Co. Class A 0.04% 1,000 $251K New
MNST Monster Beverage Corp. 0.04% 3,360 $243K No change
DHI D.R. Horton Inc. 0.04% 1,751 $240K No change
LOW Lowe's Cos Inc. 0.04% 1,005 $237K No change
IVLU iShares MSCI International V 0.04% 5,970 $237K No change
INTU Intuit Inc. 0.04% 534 $231K No change
MDU Mdu Resources Group Inc. 0.04% 10,974 $227K Add +0.4%
GFI Gold Fields Ltd.-Spons ADR 0.04% 5,000 $227K No change
INTC Intel Corp. 0.04% 5,068 $224K Reduce -96.3%
SHEL Shell PLC-ADR 0.04% 2,361 $220K No change
MU Micron Technology Inc. 0.04% 647 $219K Reduce -13.4%
GM General Motors Co. 0.03% 2,646 $197K No change
KNF Knife River Corp. 0.03% 2,337 $191K No change
ECL Ecolab Inc. 0.03% 707 $188K No change
SCHA Schwab US Small-Cap ETF 0.03% 6,320 $184K Reduce -0.5%
MO Altria Group Inc. 0.03% 2,692 $178K Reduce -34.7%
TGT Target Corp. 0.03% 1,460 $177K Reduce -65.8%
TXN Texas Instruments Inc. 0.03% 844 $164K No change
CRM Salesforce Inc. 0.03% 870 $162K Add +1.2%
SYY Sysco Corp. 0.03% 2,130 $152K Add +0.6%
BND Vanguard Total Bond Market 0.03% 2,053 $151K Add +11.5%
ITB iShares U.S. Home Constructi 0.02% 1,644 $149K No change
LPLA LPL Financial Holdings Inc. 0.02% 493 $148K No change
HSY The Hershey Co. 0.02% 707 $147K No change
WERN Werner Enterprises Inc. 0.02% 4,931 $145K Add +0.2%
IJH iShares Core S&P Midcap ETF 0.02% 1,579 $107K Reduce -3.5%
NKE Nike Inc. Class B 0.02% 2,002 $106K No change
AMT American Tower Corp. 0.02% 612 $106K Reduce -7.4%
SBUX Starbucks Corp. 0.02% 1,114 $100K No change
MDLZ Mondelez International Inc. Class A 0.02% 1,696 $98K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 354 $86K Reduce -71.6%
QCOM Qualcomm Inc. 0.01% 622 $80K No change
LCTX Lineage Cell Therapeutics Inc. 0.00% 15,000 $24K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $446K (not counted above)
SecurityClassShares / PrincipalValueChange
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 10,400$446KNo 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

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