Elkhorn Partners Limited Partnership
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Elkhorn Partners Limited Partnership reported 42 stock positions worth $152.3 million. Its top holding was Kennedy-Wilson (KW) at 27.5% of the portfolio, followed by Berkshire Hathaway Class A (BRK.A, 22.4%) and White Mountains Insurance GP (WTM, 19.3%). Compared with Q3 2024, it opened 2 new positions, sold out of 5, added to 11 and reduced 22. The biggest buy was Dow (DOW, shares +202%) and the biggest sale Kennedy-Wilson (KW, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0000928400
- Portfolio Value
- $152.3M (Q4 2024)
- SEC Filing
- 0000900440-25-000008 ↗ filed Feb 13, 2025
Holdings Value
Holdings 42 stocks · $152.3M
| KW Kennedy-Wilson Holdings Inc. | 27.53% | 4,197,500 | $41.9M | Reduce -1.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 22.35% | 50 | $34.0M | No change |
| WTM White Mountains Insurance GP | 19.26% | 15,080 | $29.3M | Reduce -6.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 16.43% | 55,200 | $25.0M | No change |
| GOOGL Alphabet Inc. Class A | 2.65% | 21,300 | $4.0M | Reduce -0.9% |
| GOOG Alphabet Inc. Class C | 2.24% | 17,900 | $3.4M | Reduce -0.2% |
| AAPL Apple Inc. | 2.15% | 13,100 | $3.3M | No change |
| CDZI Cadiz Inc. | 2.04% | 596,654 | $3.1M | Reduce -7.1% |
| OXY Occidental Petroleum Corp. | 1.33% | 41,000 | $2.0M | Add +2.5% |
| DOW Dow Inc. | 0.70% | 26,600 | $1.1M | Add +202.3% |
| BA The Boeing Co. | 0.48% | 4,100 | $726K | Reduce -13.9% |
| CLF Cleveland-Cliffs Inc. | 0.38% | 62,000 | $583K | Reduce -35.4% |
| C Citigroup Inc. | 0.32% | 7,000 | $493K | Reduce -2.8% |
| SH Proshares Short S&P500 | 0.22% | 7,800 | $331K | Reduce -17.0% |
| CME Cme Group Inc. | 0.17% | 1,097 | $255K | Reduce -57.8% |
| DELL Dell Technologies -C | 0.17% | 2,200 | $254K | Add +15.8% |
| PFE Pfizer Inc. | 0.17% | 9,500 | $252K | Add +55.7% |
| DD Dupont DE Nemours Inc. | 0.15% | 2,900 | $221K | No change |
| BABA Alibaba Group Holding-SP ADR | 0.14% | 2,600 | $220K | Reduce -7.1% |
| UBER Uber Technologies Inc. | 0.13% | 3,300 | $199K | New |
| ADBE Adobe Inc. | 0.12% | 420 | $187K | Add +110.0% |
| CRSP Crispr Therapeutics AG | 0.10% | 3,800 | $150K | Add +22.6% |
| CRDF Cardiff Oncology Inc. | 0.09% | 32,000 | $139K | Reduce -28.9% |
| BHVN Biohaven Ltd. | 0.08% | 3,300 | $123K | Add +50.0% |
| ACTG Acacia Research Corp. | 0.08% | 28,000 | $122K | Reduce -3.5% |
| CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW | 0.08% | 6,000 | $118K | Reduce -7.7% |
| FPH Five Point Holdings LLC Class A | 0.07% | 28,000 | $106K | Add +5.7% |
| MRNA Moderna Inc. | 0.07% | 2,500 | $104K | Add +13.6% |
| TAYD Taylor Devices Inc. | 0.05% | 2,000 | $83K | No change |
| XOM Exxon Mobil Corp. | 0.04% | 600 | $65K | Add +5.3% |
| SNOW Snowflake Inc. | 0.04% | 400 | $62K | Reduce -93.2% |
| NEPH Nephros Inc. | 0.04% | 41,429 | $61K | Add +13.7% |
| OSK Oshkosh Corp. | 0.04% | 600 | $57K | No change |
| GEHC GE Healthcare Technology | 0.03% | 600 | $47K | New |
| RDI Reading International Inc. Class A | 0.03% | 31,500 | $42K | Reduce -25.9% |
| NVDA Nvidia Corp. | 0.03% | 300 | $40K | Reduce -40.0% |
| WBA Walgreens Boots Alliance Inc. | 0.01% | 2,000 | $19K | Reduce -46.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.01% | 200 | $9K | Reduce -50.0% |
| CSCO Cisco Systems Inc. | 0.00% | 100 | $6K | Reduce -91.7% |
| LUV Southwest Airlines Co. | 0.00% | 100 | $3K | Reduce -87.5% |
| JBLU Jetblue Airways Corp. | 0.00% | 100 | $1K | Reduce -99.2% |
| CREX Creative Realities Inc. | 0.00% | 26 | $0 | No change |
Portfolio Sells Q3 2024 → Q4 2024
| KW Kennedy-Wilson Holdings Inc. | Reduce -1.1% | 27.53% | −2.63 |
| CLF Cleveland-Cliffs Inc. | Reduce -35.4% | 0.38% | −0.41 |
| SNOW Snowflake Inc. | Reduce -93.2% | 0.04% | −0.40 |
| CME Cme Group Inc. | Reduce -57.8% | 0.17% | −0.20 |
| WBD Warner Bros Discovery Inc. | Sold out | 0.00% | −0.11 |
| DOG Proshares Short DOW30 | Sold out | 0.00% | −0.08 |
| SOFI Sofi Technologies Inc. | Sold out | 0.00% | −0.07 |
| JBLU Jetblue Airways Corp. | Reduce -99.2% | 0.00% | −0.05 |
| BABA Alibaba Group Holding-SP ADR | Reduce -7.1% | 0.14% | −0.05 |
| SH Proshares Short S&P500 | Reduce -17.0% | 0.22% | −0.04 |
| MP MP Materials Corp. | Sold out | 0.00% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -91.7% | 0.00% | −0.04 |
| HTZ Hertz Global Hldgs Inc. | Sold out | 0.00% | −0.02 |
| RDI Reading International Inc. Class A | Reduce -25.9% | 0.03% | −0.02 |
| LUV Southwest Airlines Co. | Reduce -87.5% | 0.00% | −0.01 |
| NVDA Nvidia Corp. | Reduce -40.0% | 0.03% | −0.01 |
| WBA Walgreens Boots Alliance Inc. | Reduce -46.0% | 0.01% | −0.01 |
| ACTG Acacia Research Corp. | Reduce -3.5% | 0.08% | −0.01 |
| BAC Bank of America Corp. | Reduce -50.0% | 0.01% | −0.00 |
| CTO Cto Realty Growth Inc. | Reduce -7.7% | 0.08% | −0.00 |
| BA The Boeing Co. | Reduce -13.9% | 0.48% | +0.01 |
| CRDF Cardiff Oncology Inc. | Reduce -28.9% | 0.09% | +0.01 |
| C Citigroup Inc. | Reduce -2.8% | 0.32% | +0.03 |
| GOOG Alphabet Inc. Class C | Reduce -0.2% | 2.24% | +0.31 |
| GOOGL Alphabet Inc. Class A | Reduce -0.9% | 2.65% | +0.36 |
| CDZI Cadiz Inc. | Reduce -7.1% | 2.04% | +0.79 |
| WTM White Mountains Insurance GP | Reduce -6.8% | 19.26% | +1.62 |
Portfolio Buys Q3 2024 → Q4 2024
| DOW Dow Inc. | Add +202.3% | 0.70% | +0.39 |
| UBER Uber Technologies Inc. | New | 0.13% | +0.13 |
| ADBE Adobe Inc. | Add +110.0% | 0.12% | +0.06 |
| PFE Pfizer Inc. | Add +55.7% | 0.17% | +0.05 |
| GEHC GE Healthcare Technology | New | 0.03% | +0.03 |
| DELL Dell Technologies -C | Add +15.8% | 0.17% | +0.02 |
| BHVN Biohaven Ltd. | Add +50.0% | 0.08% | +0.01 |
| OXY Occidental Petroleum Corp. | Add +2.5% | 1.33% | +0.00 |
| CRSP Crispr Therapeutics AG | Add +22.6% | 0.10% | +0.00 |
| NEPH Nephros Inc. | Add +13.7% | 0.04% | +0.00 |
| XOM Exxon Mobil Corp. | Add +5.3% | 0.04% | −0.00 |
| FPH Five Point Holdings LLC Class A | Add +5.7% | 0.07% | −0.00 |
| MRNA Moderna Inc. | Add +13.6% | 0.07% | −0.03 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 50 | $116.7M | BRK.A, BRK.B, WTM, GOOGL, GOOG |
| Q1 2026 | 48 | $157.1M | KW, BRK.A, WTM, BRK.B, GOOGL |
| Q4 2025 | 50 | $158.3M | KW, BRK.A, WTM, BRK.B, GOOGL |
| Q3 2025 | 37 | $147.3M | BRK.A, KW, BRK.B, WTM, GOOGL |
| Q2 2025 | 37 | $137.5M | BRK.A, KW, WTM, BRK.B, GOOGL |
| Q1 2025 | 35 | $152.6M | BRK.A, KW, WTM, BRK.B, GOOGL |
| Q4 2024 | 42 | $152.3M | KW, BRK.A, WTM, BRK.B, GOOGL |
| Q3 2024 | 45 | $155.6M | KW, BRK.A, WTM, BRK.B, GOOGL |
| Q2 2024 | 50 | $145.2M | KW, BRK.A, WTM, BRK.B, GOOGL |
| Q1 2024Amended | 46 | $138.6M | KW, BRK.A, WTM, BRK.B, GOOGL |