Elkhorn Partners Limited Partnership
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Elkhorn Partners Limited Partnership reported 37 stock positions worth $137.5 million. Its top holding was Berkshire Hathaway Class A (BRK.A) at 26.5% of the portfolio, followed by Kennedy-Wilson (KW, 21.0%) and White Mountains Insurance GP (WTM, 19.5%). Compared with Q1 2025, it opened 5 new positions, sold out of 3, added to 13 and reduced 15. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +1%) and the biggest sale Occidental Petroleum (OXY, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0000928400
- Portfolio Value
- $137.5M (Q2 2025)
- SEC Filing
- 0000900440-25-000278 ↗ filed Aug 14, 2025
Holdings Value
Holdings 37 stocks · $137.5M
| BRK.A Berkshire Hathaway Inc. Class A | 26.49% | 50 | $36.4M | No change |
| KW Kennedy-Wilson Holdings Inc. | 21.02% | 4,251,400 | $28.9M | Add +1.0% |
| WTM White Mountains Insurance GP | 19.45% | 14,900 | $26.8M | Reduce -0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 19.18% | 54,310 | $26.4M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 2.55% | 19,900 | $3.5M | Reduce -5.0% |
| GOOG Alphabet Inc. Class C | 2.14% | 16,600 | $2.9M | Reduce -6.7% |
| AAPL Apple Inc. | 1.86% | 12,500 | $2.6M | Reduce -1.6% |
| CDZI Cadiz Inc. | 1.48% | 683,000 | $2.0M | Add +7.2% |
| OXY Occidental Petroleum Corp. | 1.28% | 41,750 | $1.8M | Reduce -0.6% |
| BA The Boeing Co. | 0.62% | 4,075 | $854K | Reduce -13.3% |
| DOW Dow Inc. | 0.53% | 27,400 | $726K | Add +0.7% |
| C Citigroup Inc. | 0.44% | 7,100 | $604K | No change |
| CLF Cleveland-Cliffs Inc. | 0.40% | 72,500 | $551K | Add +3.6% |
| ADBE Adobe Inc. | 0.39% | 1,400 | $542K | Add +19.7% |
| UNH Unitedhealth Group Inc. | 0.24% | 1,050 | $328K | New |
| DD Dupont DE Nemours Inc. | 0.23% | 4,630 | $318K | Add +20.3% |
| SH Proshares Short S&P500 | 0.20% | 7,000 | $278K | Reduce -10.3% |
| UBER Uber Technologies Inc. | 0.20% | 2,900 | $271K | Reduce -15.9% |
| PFE Pfizer Inc. | 0.19% | 10,800 | $262K | Reduce -1.8% |
| CRSP Crispr Therapeutics AG | 0.14% | 4,000 | $195K | Reduce -4.8% |
| DELL Dell Technologies -C | 0.13% | 1,500 | $184K | Reduce -54.3% |
| OSK Oshkosh Corp. | 0.12% | 1,500 | $170K | Reduce -46.4% |
| CABO Cable One Inc. | 0.10% | 1,000 | $136K | New |
| ACTG Acacia Research Corp. | 0.09% | 34,500 | $124K | Add +1.5% |
| FPH Five Point Holdings LLC Class A | 0.09% | 22,000 | $121K | Add +3.3% |
| CRDF Cardiff Oncology Inc. | 0.08% | 34,000 | $107K | Add +4.6% |
| TAYD Taylor Devices Inc. | 0.06% | 2,000 | $87K | Reduce -14.9% |
| CTO Cto Realty Growth Inc. filed as CTO RLTY GROWTH INC NEW | 0.06% | 5,000 | $86K | No change |
| BHVN Biohaven Ltd. | 0.06% | 5,800 | $82K | Add +26.1% |
| NEPH Nephros Inc. | 0.04% | 14,500 | $59K | Reduce -62.8% |
| BABA Alibaba Group Holding-SP ADR | 0.03% | 400 | $45K | Add +33.3% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.03% | 600 | $44K | Add +200.0% |
| RDI Reading International Inc. Class A | 0.03% | 26,000 | $35K | No change |
| GEHC GE Healthcare Technology | 0.02% | 300 | $22K | New |
| QXO Qxo Inc. | 0.01% | 400 | $9K | New |
| HSY The Hershey Co. | 0.00% | 40 | $7K | New |
| CREX Creative Realities Inc. | 0.00% | 15 | $51 | Reduce -42.3% |
Portfolio Sells Q1 2025 → Q2 2025
| OXY Occidental Petroleum Corp. | Reduce -0.6% | 1.28% | −0.08 |
| DELL Dell Technologies -C | Reduce -54.3% | 0.13% | −0.06 |
| OSK Oshkosh Corp. | Reduce -46.4% | 0.12% | −0.05 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.03 |
| SH Proshares Short S&P500 | Reduce -10.3% | 0.20% | −0.03 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.02 |
| SIRI Sirius XM Holdings Inc. | Sold out | 0.00% | −0.00 |
| NEPH Nephros Inc. | Reduce -62.8% | 0.04% | −0.00 |
| CREX Creative Realities Inc. | Reduce -42.3% | 0.00% | 0.00 |
| PFE Pfizer Inc. | Reduce -1.8% | 0.19% | +0.01 |
| TAYD Taylor Devices Inc. | Reduce -14.9% | 0.06% | +0.01 |
| AAPL Apple Inc. | Reduce -1.6% | 1.86% | +0.02 |
| UBER Uber Technologies Inc. | Reduce -15.9% | 0.20% | +0.03 |
| CRSP Crispr Therapeutics AG | Reduce -4.8% | 0.14% | +0.05 |
| BA The Boeing Co. | Reduce -13.3% | 0.62% | +0.10 |
| GOOG Alphabet Inc. Class C | Reduce -6.7% | 2.14% | +0.32 |
| GOOGL Alphabet Inc. Class A | Reduce -5.0% | 2.55% | +0.43 |
| WTM White Mountains Insurance GP | Reduce -0.0% | 19.45% | +0.64 |
Portfolio Buys Q1 2025 → Q2 2025
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.9% | 19.18% | +0.40 |
| CDZI Cadiz Inc. | Add +7.2% | 1.48% | +0.26 |
| UNH Unitedhealth Group Inc. | New | 0.24% | +0.24 |
| ADBE Adobe Inc. | Add +19.7% | 0.39% | +0.10 |
| CABO Cable One Inc. | New | 0.10% | +0.10 |
| DD Dupont DE Nemours Inc. | Add +20.3% | 0.23% | +0.04 |
| CLF Cleveland-Cliffs Inc. | Add +3.6% | 0.40% | +0.02 |
| IFF Intl Flavors & Fragrances | Add +200.0% | 0.03% | +0.02 |
| ACTG Acacia Research Corp. | Add +1.5% | 0.09% | +0.02 |
| GEHC GE Healthcare Technology | New | 0.02% | +0.02 |
| FPH Five Point Holdings LLC Class A | Add +3.3% | 0.09% | +0.01 |
| CRDF Cardiff Oncology Inc. | Add +4.6% | 0.08% | +0.01 |
| BABA Alibaba Group Holding-SP ADR | Add +33.3% | 0.03% | +0.01 |
| QXO Qxo Inc. | New | 0.01% | +0.01 |
| HSY The Hershey Co. | New | 0.00% | +0.00 |
| BHVN Biohaven Ltd. | Add +26.1% | 0.06% | −0.01 |
| DOW Dow Inc. | Add +0.7% | 0.53% | −0.10 |
| KW Kennedy-Wilson Holdings Inc. | Add +1.0% | 21.02% | −2.92 |
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 |