Epacria Capital Partners, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Epacria Capital Partners, LLC reported 51 stock positions worth $137.1 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 11.9% of the portfolio, followed by Vanguard Ftse Developed ETF (VEA, 8.5%) and British American Tob-SP ADR (BTI, 6.9%). Compared with Q4 2023, it opened 2 new positions, sold out of 3, added to 8 and reduced 4. The biggest buy was Alpha Architect 1-3 MNTH Box (BOXX, shares +142%) and the biggest sale an exit from Petroleo Brasil-SP Pref ADR (PBR.A).

Most Recent 13F
Q2 2026
Location
BOULDER, CO
CIK
0001927623
Portfolio Value
$137.1M (Q1 2024)
SEC Filing
0001754960-24-000215 ↗ filed May 14, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $137.1M $137.1M Q1 2024 Q2 2024: $135.4M Q2 2024 Q3 2024: $145.9M Q3 2024 Q4 2024: $117.4M Q4 2024 Q1 2025: $122.2M Q1 2025 Q2 2025: $119.2M Q2 2025 Q3 2025: $122.8M Q3 2025 Q4 2025: $125.7M Q4 2025 Q1 2026: $129.1M Q1 2026 Q2 2026: $129.6M Q2 2026

Holdings 51 stocks · $137.1M
BRK.B Berkshire Hathaway Inc. Class B 11.89% 38,760 $16.3M No change
VEA Vanguard Ftse Developed ETF 8.53% 233,000 $11.7M No change
BTI British American Tob-SP ADR 6.94% 311,731 $9.5M Add +3.6%
PM Philip Morris International 6.62% 99,039 $9.1M Add +25.4%
BSM Black Stone Minerals LP 6.40% 548,698 $8.8M No change
SPY SS SPDR S&P 500 ETF Trust-US 5.72% 15,000 $7.8M No change
JEF Jefferies Financial Group Inc. 3.46% 107,481 $4.7M No change
BLDR Builders Firstsource Inc. 3.43% 22,533 $4.7M No change
CHKP Check Point Software Tech 3.26% 27,213 $4.5M No change
EPD Enterprise Products Partners 2.97% 139,372 $4.1M No change
BRK.A Berkshire Hathaway Inc. Class A 2.78% 6 $3.8M No change
CNQ Canadian Natural Resources 2.17% 39,000 $3.0M No change
IBKR Interactive Brokers Gro Class A 2.07% 25,406 $2.8M Reduce -2.4%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 2.02% 48,150 $2.8M No change
DHT DHT Holdings Inc. 1.90% 226,601 $2.6M No change
TPB Turning Point Brands Inc. 1.87% 87,406 $2.6M Reduce -19.2%
SFM Sprouts Farmers Market Inc. 1.72% 36,500 $2.4M No change
INSW International Seaways Inc. 1.68% 43,357 $2.3M No change
JPM JPMorgan Chase & Co. 1.52% 10,400 $2.1M No change
SU Suncor Energy Inc. 1.52% 56,400 $2.1M No change
BOXX Alpha Architect 1-3 MNTH Box 1.40% 18,020 $1.9M Add +142.5%
DVA Davita Inc. 1.32% 13,091 $1.8M No change
LMT Lockheed Martin Corp. 1.29% 3,900 $1.8M No change
VIRT Virtu Financial Inc. Class A 1.24% 82,582 $1.7M Add +5.7%
SMHI Seacor Marine Holdings Inc. 1.10% 107,862 $1.5M No change
MKL Markel Group Inc. 1.07% 961 $1.5M Reduce -16.3%
FRPH FRP Holdings Inc. filed as FRP HLDGS INC 1.03% 23,011 $1.4M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.99% 35,680 $1.4M No change
NTB Bank of N.T. Butterfield&son 0.98% 42,092 $1.3M Add +5.8%
GOOG Alphabet Inc. Class C 0.94% 8,487 $1.3M No change
CLMT Calumet Specialty Products 0.84% 77,491 $1.2M No change
PKE Park Aerospace Corp. 0.80% 65,928 $1.1M No change
KMX Carmax Inc. 0.76% 12,000 $1.0M No change
TDW Tidewater Inc. 0.76% 11,254 $1.0M Add +55.5%
STR Sitio Royalties Corp. Class A 0.75% 41,737 $1.0M No change
LILAK Liberty Latin Americ Class C 0.73% 142,754 $998K No change
UAN CVR Partners LP 0.63% 11,051 $868K No change
GL Globe Life Inc. 0.55% 6,500 $756K No change
TRMD Torm PLC-A 0.52% 20,447 $715K Add +23.8%
HII Huntington Ingalls Industrie 0.49% 2,295 $669K Reduce -17.3%
AFL Aflac Inc. 0.47% 7,500 $644K No change
NEN New England Realty Assoc-LP 0.45% 8,636 $621K Add +6.9%
CLB Core Laboratories Inc. 0.40% 31,860 $544K No change
CBOE Cboe Global Markets Inc. 0.39% 2,946 $541K No change
SLM SLM Corp. 0.37% 23,543 $513K New
DEO Diageo PLC-Sponsored ADR 0.27% 2,520 $375K New
WMB Williams Cos Inc. 0.26% 9,000 $351K No change
CE Celanese Corp. 0.25% 2,000 $344K No change
RKT Rocket Cos Inc. Class A 0.23% 21,571 $314K No change
EXPD Expeditors Intl Wash Inc. 0.20% 2,200 $267K No change
AVAL Grupo Aval Acciones Y Valore 0.05% 28,123 $65K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $904K (not counted above)
SecurityClassShares / PrincipalValueChange
VAL.WS Valaris Ltd. -CW28 *W EXP 04/29/202 58,831$782KAdd +7.4%
CRESW Cresud Saci-CW26 *W EXP 03/09/202 225,642$121KAdd +72.9%

Total filed on the 13F, all lines: $138.0M.

Portfolio Sells Q4 2023 → Q1 2024
PBR.A Petroleo Brasil-SP Pref ADR Sold out 0.00% −1.07
HIFS Hingham Institution for SVGS Sold out 0.00% −0.44
TPB Turning Point Brands Inc. Reduce -19.2% 1.87% −0.43
SAVEQ Spirit Airlines Inc. Sold out 0.00% −0.26
MKL Markel Group Inc. Reduce -16.3% 1.07% −0.25
HII Huntington Ingalls Industrie Reduce -17.3% 0.49% −0.09
IBKR Interactive Brokers Gro Class A Reduce -2.4% 2.07% +0.33

Portfolio Buys Q4 2023 → Q1 2024
BOXX Alpha Architect 1-3 MNTH Box Add +142.5% 1.40% +0.77
PM Philip Morris International Add +25.4% 6.62% +0.63
SLM SLM Corp. New 0.37% +0.37
TDW Tidewater Inc. Add +55.5% 0.76% +0.34
DEO Diageo PLC-Sponsored ADR New 0.27% +0.27
TRMD Torm PLC-A Add +23.8% 0.52% +0.12
NEN New England Realty Assoc-LP Add +6.9% 0.45% −0.00
VIRT Virtu Financial Inc. Class A Add +5.7% 1.24% −0.04
NTB Bank of N.T. Butterfield&son Add +5.8% 0.98% −0.04
BTI British American Tob-SP ADR Add +3.6% 6.94% −0.42

Notes & Other Activity Q4 2023 → Q1 2024
VAL.WS Valaris Ltd. -CW28 *W EXP 04/29/202 Add +7.4% 58,831 $782K
CRESW Cresud Saci-CW26 *W EXP 03/09/202 Add +72.9% 225,642 $121K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 24$129.6MBTI, VEA, PM, BRK.B, CNQ
Q1 2026 29$129.1MPM, BTI, VEA, CNQ, BRK.B
Q4 2025 31$125.7MBTI, PM, VEA, BRK.B, CNQ
Q3 2025 32$122.8MPM, BTI, VEA, BRK.B, BSM
Q2 2025 32$119.2MPM, BTI, VEA, BRK.B, BSM
Q1 2025 38$122.2MPM, BTI, VEA, BRK.B, BSM
Q4 2024 40$117.4MPM, BTI, VEA, BRK.B, SPY
Q3 2024 49$145.9MBRK.B, PM, VEA, BTI, SPY
Q2 2024 54$135.4MBRK.B, VEA, PM, BTI, BSM
Q1 2024 51$137.1MBRK.B, VEA, BTI, PM, BSM