Epacria Capital Partners, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Epacria Capital Partners, LLC reported 38 stock positions worth $122.2 million. Its top holding was Philip Morris International (PM) at 13.9% of the portfolio, followed by British American Tob-SP ADR (BTI, 10.6%) and Vanguard Ftse Developed ETF (VEA, 9.7%). Compared with Q4 2024, it opened 2 new positions, sold out of 4, added to 11 and reduced 4. The biggest buy was Philip Morris International (PM, shares +0%) and the biggest sale an exit from Lockheed Martin (LMT).
- Most Recent 13F
- Q2 2026
- Location
- BOULDER, CO
- CIK
- 0001927623
- Portfolio Value
- $122.2M (Q1 2025)
- SEC Filing
- 0001754960-25-000305 ↗ filed May 15, 2025
Holdings Value
Holdings 38 stocks · $122.2M
| PM Philip Morris International | 13.86% | 106,667 | $16.9M | Add +0.5% |
| BTI British American Tob-SP ADR | 10.64% | 314,531 | $13.0M | No change |
| VEA Vanguard Ftse Developed ETF | 9.73% | 234,089 | $11.9M | Add +0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 9.22% | 21,160 | $11.3M | No change |
| BSM Black Stone Minerals LP | 7.23% | 578,422 | $8.8M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 6.86% | 15,000 | $8.4M | No change |
| CNQ Canadian Natural Resources | 5.24% | 207,959 | $6.4M | Add +14.9% |
| BOXX Alpha Architect 1-3 MNTH Box | 4.75% | 52,065 | $5.8M | Add +22.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 3.92% | 6 | $4.8M | No change |
| EPD Enterprise Products Partners | 3.89% | 139,372 | $4.8M | No change |
| IBKR Interactive Brokers Gro Class A | 2.58% | 19,000 | $3.1M | Reduce -15.6% |
| VIRT Virtu Financial Inc. Class A | 2.58% | 82,582 | $3.1M | No change |
| CHKP Check Point Software Tech | 2.46% | 13,175 | $3.0M | No change |
| SLM SLM Corp. | 1.39% | 58,003 | $1.7M | No change |
| NTB Bank of N.T. Butterfield&son | 1.35% | 42,292 | $1.6M | Add +0.5% |
| JEF Jefferies Financial Group Inc. | 1.20% | 27,381 | $1.5M | Reduce -33.0% |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 1.14% | 48,754 | $1.4M | Add +4.1% |
| GOOG Alphabet Inc. Class C | 1.08% | 8,487 | $1.3M | No change |
| HCC Warrior Met Coal Inc. | 1.08% | 27,649 | $1.3M | Add +42.3% |
| BLDR Builders Firstsource Inc. | 0.99% | 9,701 | $1.2M | No change |
| TDW Tidewater Inc. | 0.94% | 27,347 | $1.2M | Add +6.8% |
| DHT DHT Holdings Inc. | 0.84% | 97,804 | $1.0M | No change |
| PKE Park Aerospace Corp. | 0.77% | 70,282 | $945K | Add +0.6% |
| LILAK Liberty Latin Americ Class C | 0.69% | 137,754 | $847K | No change |
| AFL Aflac Inc. | 0.68% | 7,500 | $834K | No change |
| VAL Valaris Ltd. | 0.63% | 19,785 | $771K | Add +96.3% |
| INSW International Seaways Inc. | 0.58% | 21,381 | $710K | No change |
| NEN New England Realty Assoc-LP | 0.58% | 8,636 | $703K | No change |
| SMHI Seacor Marine Holdings Inc. | 0.54% | 129,895 | $656K | Add +0.6% |
| DVA Davita Inc. | 0.51% | 4,107 | $628K | Reduce -0.9% |
| RPRX Royalty Pharma PLC Class A | 0.47% | 18,440 | $574K | Reduce -3.9% |
| GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC | 0.34% | 16,600 | $421K | No change |
| DEO Diageo PLC-Sponsored ADR | 0.34% | 3,989 | $418K | No change |
| MAA Mid-America Apartment Comm | 0.28% | 2,008 | $337K | No change |
| BUR Burford Capital Ltd. | 0.25% | 23,291 | $308K | No change |
| EXPD Expeditors Intl Wash Inc. | 0.22% | 2,200 | $265K | No change |
| MRVI Maravai Lifesciences Hldgs-A | 0.10% | 55,430 | $122K | New |
| MXCT Maxcyte Inc. | 0.05% | 22,337 | $61K | New |
Other holdings (2): bonds, preferreds, convertibles and warrants · $668K (not counted above)
Total filed on the 13F, all lines: $122.9M.
Portfolio Sells Q4 2024 → Q1 2025
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −1.61 |
| JEF Jefferies Financial Group Inc. | Reduce -33.0% | 1.20% | −1.53 |
| BNY Bank of New York Mellon Corp. | Sold out | 0.00% | −0.88 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.82 |
| IBKR Interactive Brokers Gro Class A | Reduce -15.6% | 2.58% | −0.81 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.65 |
| DVA Davita Inc. | Reduce -0.9% | 0.51% | −0.01 |
| RPRX Royalty Pharma PLC Class A | Reduce -3.9% | 0.47% | +0.05 |
Portfolio Buys Q4 2024 → Q1 2025
| PM Philip Morris International | Add +0.5% | 13.86% | +2.98 |
| BOXX Alpha Architect 1-3 MNTH Box | Add +22.7% | 4.75% | +0.76 |
| CNQ Canadian Natural Resources | Add +14.9% | 5.24% | +0.48 |
| VAL Valaris Ltd. | Add +96.3% | 0.63% | +0.25 |
| VEA Vanguard Ftse Developed ETF | Add +0.5% | 9.73% | +0.25 |
| HCC Warrior Met Coal Inc. | Add +42.3% | 1.08% | +0.18 |
| MRVI Maravai Lifesciences Hldgs-A | New | 0.10% | +0.10 |
| MXCT Maxcyte Inc. | New | 0.05% | +0.05 |
| NTB Bank of N.T. Butterfield&son | Add +0.5% | 1.35% | +0.04 |
| FRPH FRP Holdings Inc. | Add +4.1% | 1.14% | −0.08 |
| PKE Park Aerospace Corp. | Add +0.6% | 0.77% | −0.10 |
| SMHI Seacor Marine Holdings Inc. | Add +0.6% | 0.54% | −0.18 |
| TDW Tidewater Inc. | Add +6.8% | 0.94% | −0.25 |
Notes & Other Activity Q4 2024 → Q1 2025
| VAL.WS Valaris Ltd. -CW28 | *W EXP 04/29/202 | Add +2.7% | 83,658 | $423K |
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 |