Elkhorn Partners Limited Partnership
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Elkhorn Partners Limited Partnership reported 35 stock positions worth $152.6 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 26.2% of the portfolio, followed by Kennedy-Wilson (KW, 23.9%) and White Mountains Insurance GP (WTM, 18.8%). Compared with Q4 2024, it opened 2 new positions, sold out of 9, added to 19 and reduced 11. The biggest buy was Adobe (ADBE, shares +179%) and the biggest sale Alphabet Class A (GOOGL, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0000928400
- Portfolio Value
- $152.6M (Q1 2025)
- SEC Filing
- 0000900440-25-000081 ↗ filed May 14, 2025
Holdings Value
Holdings 35 stocks · $152.6M
| BRK.A Berkshire Hathaway Inc. Class A | 26.16% | 50 | $39.9M | No change |
| KW Kennedy-Wilson Holdings Inc. | 23.94% | 4,208,000 | $36.5M | Add +0.3% |
| WTM White Mountains Insurance GP | 18.81% | 14,905 | $28.7M | Reduce -1.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 18.78% | 53,800 | $28.7M | Reduce -2.5% |
| GOOGL Alphabet Inc. Class A | 2.12% | 20,950 | $3.2M | Reduce -1.6% |
| AAPL Apple Inc. | 1.85% | 12,700 | $2.8M | Reduce -3.0% |
| GOOG Alphabet Inc. Class C | 1.82% | 17,800 | $2.8M | Reduce -0.6% |
| OXY Occidental Petroleum Corp. | 1.36% | 42,000 | $2.1M | Add +2.4% |
| CDZI Cadiz Inc. | 1.22% | 637,000 | $1.9M | Add +6.8% |
| DOW Dow Inc. | 0.62% | 27,200 | $950K | Add +2.3% |
| BA The Boeing Co. | 0.53% | 4,700 | $802K | Add +14.6% |
| CLF Cleveland-Cliffs Inc. | 0.38% | 70,000 | $575K | Add +12.9% |
| C Citigroup Inc. | 0.33% | 7,100 | $504K | Add +1.4% |
| ADBE Adobe Inc. | 0.29% | 1,170 | $449K | Add +178.6% |
| SH Proshares Short S&P500 | 0.23% | 7,800 | $348K | No change |
| DELL Dell Technologies -C | 0.20% | 3,280 | $299K | Add +49.1% |
| DD Dupont DE Nemours Inc. | 0.19% | 3,850 | $288K | Add +32.8% |
| PFE Pfizer Inc. | 0.18% | 11,000 | $279K | Add +15.8% |
| OSK Oshkosh Corp. | 0.17% | 2,800 | $263K | Add +366.7% |
| UBER Uber Technologies Inc. | 0.16% | 3,450 | $251K | Add +4.5% |
| CRSP Crispr Therapeutics AG | 0.09% | 4,200 | $143K | Add +10.5% |
| FPH Five Point Holdings LLC Class A | 0.07% | 21,300 | $114K | Reduce -23.9% |
| BHVN Biohaven Ltd. | 0.07% | 4,600 | $111K | Add +39.4% |
| ACTG Acacia Research Corp. | 0.07% | 34,000 | $109K | Add +21.4% |
| CRDF Cardiff Oncology Inc. | 0.07% | 32,500 | $102K | Add +1.6% |
| CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW | 0.06% | 5,000 | $97K | Reduce -16.7% |
| TAYD Taylor Devices Inc. | 0.05% | 2,350 | $76K | Add +17.5% |
| NEPH Nephros Inc. | 0.04% | 38,924 | $67K | Reduce -6.0% |
| BABA Alibaba Group Holding-SP ADR | 0.03% | 300 | $40K | Reduce -88.5% |
| SNOW Snowflake Inc. | 0.03% | 275 | $40K | Reduce -31.3% |
| NVDA Nvidia Corp. | 0.02% | 340 | $37K | Add +13.3% |
| RDI Reading International Inc. Class A | 0.02% | 26,000 | $36K | Reduce -17.5% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.01% | 200 | $16K | New |
| SIRI Sirius XM Holdings Inc. | 0.00% | 300 | $7K | New |
| CREX Creative Realities Inc. | 0.00% | 26 | $0 | No change |
Portfolio Sells Q4 2024 → Q1 2025
| GOOGL Alphabet Inc. Class A | Reduce -1.6% | 2.12% | −0.52 |
| WTM White Mountains Insurance GP | Reduce -1.2% | 18.81% | −0.44 |
| GOOG Alphabet Inc. Class C | Reduce -0.6% | 1.82% | −0.42 |
| AAPL Apple Inc. | Reduce -3.0% | 1.85% | −0.31 |
| CME Cme Group Inc. | Sold out | 0.00% | −0.17 |
| BABA Alibaba Group Holding-SP ADR | Reduce -88.5% | 0.03% | −0.12 |
| MRNA Moderna Inc. | Sold out | 0.00% | −0.07 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.04 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −0.03 |
| SNOW Snowflake Inc. | Reduce -31.3% | 0.03% | −0.01 |
| CTO Cto Realty Growth Inc. | Reduce -16.7% | 0.06% | −0.01 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.01 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.01 |
| RDI Reading International Inc. Class A | Reduce -17.5% | 0.02% | −0.00 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.00 |
| LUV Southwest Airlines Co. | Sold out | 0.00% | −0.00 |
| JBLU Jetblue Airways Corp. | Sold out | 0.00% | −0.00 |
| NEPH Nephros Inc. | Reduce -6.0% | 0.04% | +0.00 |
| FPH Five Point Holdings LLC Class A | Reduce -23.9% | 0.07% | +0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.5% | 18.78% | +2.35 |
Portfolio Buys Q4 2024 → Q1 2025
| ADBE Adobe Inc. | Add +178.6% | 0.29% | +0.17 |
| OSK Oshkosh Corp. | Add +366.7% | 0.17% | +0.13 |
| BA The Boeing Co. | Add +14.6% | 0.53% | +0.05 |
| DD Dupont DE Nemours Inc. | Add +32.8% | 0.19% | +0.04 |
| UBER Uber Technologies Inc. | Add +4.5% | 0.16% | +0.03 |
| DELL Dell Technologies -C | Add +49.1% | 0.20% | +0.03 |
| OXY Occidental Petroleum Corp. | Add +2.4% | 1.36% | +0.03 |
| PFE Pfizer Inc. | Add +15.8% | 0.18% | +0.02 |
| IFF Intl Flavors & Fragrances | New | 0.01% | +0.01 |
| C Citigroup Inc. | Add +1.4% | 0.33% | +0.01 |
| SIRI Sirius XM Holdings Inc. | New | 0.00% | +0.00 |
| NVDA Nvidia Corp. | Add +13.3% | 0.02% | −0.00 |
| TAYD Taylor Devices Inc. | Add +17.5% | 0.05% | −0.00 |
| CRSP Crispr Therapeutics AG | Add +10.5% | 0.09% | −0.00 |
| CLF Cleveland-Cliffs Inc. | Add +12.9% | 0.38% | −0.01 |
| BHVN Biohaven Ltd. | Add +39.4% | 0.07% | −0.01 |
| ACTG Acacia Research Corp. | Add +21.4% | 0.07% | −0.01 |
| CRDF Cardiff Oncology Inc. | Add +1.6% | 0.07% | −0.02 |
| DOW Dow Inc. | Add +2.3% | 0.62% | −0.08 |
| CDZI Cadiz Inc. | Add +6.8% | 1.22% | −0.81 |
| KW Kennedy-Wilson Holdings Inc. | Add +0.3% | 23.94% | −3.59 |
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 |