Epacria Capital Partners, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Epacria Capital Partners, LLC reported 40 stock positions worth $117.4 million. Its top holding was Philip Morris International (PM) at 10.9% of the portfolio, followed by British American Tob-SP ADR (BTI, 9.7%) and Vanguard Ftse Developed ETF (VEA, 9.5%). Compared with Q3 2024, it opened 1 new position, sold out of 10, added to 8 and reduced 9. The biggest buy was Black Stone Minerals (BSM, shares +5%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −45%).
- Most Recent 13F
- Q2 2026
- Location
- BOULDER, CO
- CIK
- 0001927623
- Portfolio Value
- $117.4M (Q4 2024)
- SEC Filing
- 0001754960-25-000146 ↗ filed Feb 14, 2025
Holdings Value
Holdings 40 stocks · $117.4M
| PM Philip Morris International | 10.88% | 106,167 | $12.8M | No change |
| BTI British American Tob-SP ADR | 9.73% | 314,531 | $11.4M | No change |
| VEA Vanguard Ftse Developed ETF | 9.49% | 233,000 | $11.1M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 8.17% | 21,160 | $9.6M | Reduce -45.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 7.49% | 15,000 | $8.8M | No change |
| BSM Black Stone Minerals LP | 7.19% | 578,422 | $8.4M | Add +5.4% |
| CNQ Canadian Natural Resources | 4.76% | 180,964 | $5.6M | Add +16.4% |
| BOXX Alpha Architect 1-3 MNTH Box | 3.99% | 42,445 | $4.7M | Add +27.9% |
| EPD Enterprise Products Partners | 3.72% | 139,372 | $4.4M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 3.48% | 6 | $4.1M | No change |
| IBKR Interactive Brokers Gro Class A | 3.38% | 22,500 | $4.0M | Reduce -9.7% |
| JEF Jefferies Financial Group Inc. | 2.73% | 40,881 | $3.2M | Reduce -24.6% |
| VIRT Virtu Financial Inc. Class A | 2.51% | 82,582 | $2.9M | No change |
| CHKP Check Point Software Tech | 2.09% | 13,175 | $2.5M | Reduce -51.4% |
| LMT Lockheed Martin Corp. | 1.61% | 3,900 | $1.9M | No change |
| GOOG Alphabet Inc. Class C | 1.38% | 8,487 | $1.6M | No change |
| SLM SLM Corp. | 1.36% | 58,003 | $1.6M | Add +10.0% |
| NTB Bank of N.T. Butterfield&son | 1.31% | 42,092 | $1.5M | No change |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 1.22% | 46,828 | $1.4M | Add +1.8% |
| TDW Tidewater Inc. | 1.19% | 25,595 | $1.4M | Add +234.4% |
| BLDR Builders Firstsource Inc. | 1.18% | 9,701 | $1.4M | Reduce -56.2% |
| HCC Warrior Met Coal Inc. | 0.90% | 19,432 | $1.1M | No change |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.88% | 13,525 | $1.0M | Reduce -71.9% |
| PKE Park Aerospace Corp. | 0.87% | 69,882 | $1.0M | Add +7.7% |
| JPM JPMorgan Chase & Co. | 0.82% | 4,000 | $959K | Reduce -61.5% |
| DHT DHT Holdings Inc. | 0.77% | 97,804 | $909K | No change |
| LILAK Liberty Latin Americ Class C | 0.74% | 137,754 | $873K | No change |
| SMHI Seacor Marine Holdings Inc. | 0.72% | 129,166 | $847K | Add +19.8% |
| AFL Aflac Inc. | 0.66% | 7,500 | $776K | No change |
| INSW International Seaways Inc. | 0.65% | 21,381 | $768K | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.65% | 17,340 | $762K | Reduce -51.4% |
| NEN New England Realty Assoc-LP | 0.61% | 8,636 | $714K | No change |
| DVA Davita Inc. | 0.53% | 4,143 | $620K | Reduce -68.3% |
| DEO Diageo PLC-Sponsored ADR | 0.43% | 3,989 | $507K | No change |
| RPRX Royalty Pharma PLC Class A | 0.42% | 19,190 | $490K | No change |
| GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC | 0.39% | 16,600 | $455K | No change |
| VAL Valaris Ltd. | 0.38% | 10,080 | $446K | New |
| MAA Mid-America Apartment Comm | 0.26% | 2,008 | $310K | No change |
| BUR Burford Capital Ltd. | 0.25% | 23,291 | $297K | No change |
| EXPD Expeditors Intl Wash Inc. | 0.21% | 2,200 | $244K | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $882K (not counted above)
Total filed on the 13F, all lines: $118.3M.
Portfolio Sells Q3 2024 → Q4 2024
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -45.4% | 8.17% | −4.06 |
| SFM Sprouts Farmers Market Inc. | Sold out | 0.00% | −2.76 |
| BLDR Builders Firstsource Inc. | Reduce -56.2% | 1.18% | −1.76 |
| CHKP Check Point Software Tech | Reduce -51.4% | 2.09% | −1.49 |
| BNY Bank of New York Mellon Corp. | Reduce -71.9% | 0.88% | −1.49 |
| MKL Markel Group Inc. | Sold out | 0.00% | −1.03 |
| DVA Davita Inc. | Reduce -68.3% | 0.53% | −0.94 |
| TPB Turning Point Brands Inc. | Sold out | 0.00% | −0.77 |
| JPM JPMorgan Chase & Co. | Reduce -61.5% | 0.82% | −0.69 |
| STR Sitio Royalties Corp. Class A | Sold out | 0.00% | −0.60 |
| UAN CVR Partners LP | Sold out | 0.00% | −0.51 |
| CBOE Cboe Global Markets Inc. | Sold out | 0.00% | −0.41 |
| CLB Core Laboratories Inc. | Sold out | 0.00% | −0.40 |
| BAC Bank of America Corp. | Reduce -51.4% | 0.65% | −0.32 |
| TRMD Torm PLC-A | Sold out | 0.00% | −0.22 |
| CE Celanese Corp. | Sold out | 0.00% | −0.19 |
| AVAL Grupo Aval Acciones Y Valore | Sold out | 0.00% | −0.04 |
| JEF Jefferies Financial Group Inc. | Reduce -24.6% | 2.73% | +0.44 |
| IBKR Interactive Brokers Gro Class A | Reduce -9.7% | 3.38% | +1.01 |
Portfolio Buys Q3 2024 → Q4 2024
| BSM Black Stone Minerals LP | Add +5.4% | 7.19% | +1.51 |
| BOXX Alpha Architect 1-3 MNTH Box | Add +27.9% | 3.99% | +1.51 |
| CNQ Canadian Natural Resources | Add +16.4% | 4.76% | +1.22 |
| TDW Tidewater Inc. | Add +234.4% | 1.19% | +0.82 |
| SLM SLM Corp. | Add +10.0% | 1.36% | +0.54 |
| VAL Valaris Ltd. | New | 0.38% | +0.38 |
| PKE Park Aerospace Corp. | Add +7.7% | 0.87% | +0.29 |
| FRPH FRP Holdings Inc. | Add +1.8% | 1.22% | +0.28 |
| SMHI Seacor Marine Holdings Inc. | Add +19.8% | 0.72% | +0.01 |
Notes & Other Activity Q3 2024 → Q4 2024
| VAL.WS Valaris Ltd. -CW28 | *W EXP 04/29/202 | Add +30.6% | 81,434 | $562K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 24 | $129.6M | BTI, VEA, PM, BRK.B, CNQ |
| Q1 2026 | 29 | $129.1M | PM, BTI, VEA, CNQ, BRK.B |
| Q4 2025 | 31 | $125.7M | BTI, PM, VEA, BRK.B, CNQ |
| Q3 2025 | 32 | $122.8M | PM, BTI, VEA, BRK.B, BSM |
| Q2 2025 | 32 | $119.2M | PM, BTI, VEA, BRK.B, BSM |
| Q1 2025 | 38 | $122.2M | PM, BTI, VEA, BRK.B, BSM |
| Q4 2024 | 40 | $117.4M | PM, BTI, VEA, BRK.B, SPY |
| Q3 2024 | 49 | $145.9M | BRK.B, PM, VEA, BTI, SPY |
| Q2 2024 | 54 | $135.4M | BRK.B, VEA, PM, BTI, BSM |
| Q1 2024 | 51 | $137.1M | BRK.B, VEA, BTI, PM, BSM |