Ervin Investment Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 23, 2026), Ervin Investment Management, LLC reported 44 stock positions worth $178.5 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 22.8% of the portfolio, followed by Microsoft (MSFT, 9.0%) and Apple (AAPL, 7.8%). Compared with Q3 2025, it opened 3 new positions, sold out of 1, added to 11 and reduced 22. The biggest buy was Markel (MKL, shares +2%) and the biggest sale Microsoft (MSFT, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- SEATTLE, WA
- CIK
- 0001907802
- Portfolio Value
- $178.5M (Q4 2025)
- SEC Filing
- 0001907802-26-000002 ↗ filed Jan 23, 2026
Holdings Value
Holdings 44 stocks · $178.5M
| BRK.B Berkshire Hathaway Inc. Class B | 22.77% | 80,860 | $40.6M | Add +0.4% |
| MSFT Microsoft Corp. | 8.96% | 33,063 | $16.0M | Reduce -1.9% |
| AAPL Apple Inc. | 7.81% | 51,250 | $13.9M | Reduce -4.0% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 7.47% | 161,659 | $13.3M | Add +0.3% |
| BN Brookfield Corp. | 5.99% | 233,105 | $10.7M | Reduce -1.4% |
| GOOGL Alphabet Inc. Class A | 5.25% | 29,915 | $9.4M | Reduce -6.8% |
| L Loews Corp. | 4.67% | 79,180 | $8.3M | Reduce -1.1% |
| SGOL Abrdn Physical Gold Shares | 3.38% | 146,880 | $6.0M | Add +1.5% |
| GM General Motors Co. | 3.37% | 73,966 | $6.0M | Reduce -8.2% |
| MKL Markel Group Inc. | 3.12% | 2,590 | $5.6M | Add +2.1% |
| JEF Jefferies Financial Group Inc. | 3.02% | 87,104 | $5.4M | Add +0.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 2.89% | 24,379 | $5.2M | Add +1.5% |
| SPDW Ste STR SPDR PT DW Eu ETF | 2.73% | 109,553 | $4.9M | Add +2.6% |
| SPEM State Street SP PTF Em ETF | 2.22% | 84,538 | $4.0M | Add +4.3% |
| GOOG Alphabet Inc. Class C | 1.94% | 11,007 | $3.5M | Reduce -3.2% |
| XOM Exxon Mobil Corp. | 1.57% | 23,276 | $2.8M | Reduce -1.9% |
| ASML ASML Holding NV-NY Reg SHS | 1.54% | 2,564 | $2.7M | Add +3.7% |
| SGOV iShares 0-3 Month Treasury B | 1.02% | 18,113 | $1.8M | Reduce -8.3% |
| ORCL Oracle Corp. | 0.99% | 9,110 | $1.8M | Reduce -7.2% |
| BAM Brookfield Asset Mgmt-A | 0.97% | 33,037 | $1.7M | Reduce -1.6% |
| YUM Yum! Brands Inc. | 0.91% | 10,747 | $1.6M | Reduce -0.7% |
| AXP American Express Co. | 0.82% | 3,956 | $1.5M | Reduce -4.6% |
| IVV iShares Core S&P 500 ETF | 0.82% | 2,136 | $1.5M | Reduce -4.7% |
| ESGV Vanguard ESG US Stock ETF | 0.80% | 11,871 | $1.4M | Reduce -0.5% |
| GE General Electric filed as GE AEROSPACE | 0.67% | 3,859 | $1.2M | No change |
| PM Philip Morris International | 0.65% | 7,244 | $1.2M | No change |
| VXUS Vanguard Total Intl Stock | 0.57% | 13,539 | $1.0M | Reduce -2.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.30% | 1,586 | $532K | Reduce -4.2% |
| AMZN Amazon.com Inc. | 0.27% | 2,120 | $489K | Add +5.0% |
| SIVR Abrdn Physical Silver Shares | 0.27% | 7,100 | $480K | New |
| TECK Teck Resources Ltd.-CLS B | 0.24% | 8,855 | $424K | Reduce -0.2% |
| DEO Diageo PLC-Sponsored ADR | 0.22% | 4,576 | $395K | Reduce -10.3% |
| CNX CNX Resources Corp. | 0.21% | 10,300 | $379K | Add +56.1% |
| BA The Boeing Co. | 0.21% | 1,730 | $376K | No change |
| GEV GE Vernova Inc. | 0.20% | 550 | $359K | No change |
| YUMC Yum China Holdings Inc. | 0.19% | 7,080 | $338K | Reduce -3.4% |
| MO Altria Group Inc. | 0.17% | 5,351 | $309K | Reduce -1.8% |
| VSGX Vanguard ESG Intl Stock ETF | 0.15% | 3,668 | $263K | No change |
| GEHC GE Healthcare Technology | 0.15% | 3,162 | $259K | No change |
| SFM Sprouts Farmers Market Inc. | 0.13% | 2,831 | $226K | Reduce -4.0% |
| KO The Coca-Cola Co. | 0.12% | 3,087 | $216K | No change |
| GLD SPDR Gold Shares | 0.12% | 543 | $215K | New |
| QQQ Invesco QQQ Trust Series 1 | 0.12% | 346 | $213K | New |
| AUR Aurora Innovation Inc. | 0.02% | 10,000 | $38K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -1.9% | 8.96% | −1.04 |
| ITOT iShares Core S&P Total U.S. | Sold out | 0.00% | −0.62 |
| ORCL Oracle Corp. | Reduce -7.2% | 0.99% | −0.58 |
| BN Brookfield Corp. | Reduce -1.4% | 5.99% | −0.19 |
| BAM Brookfield Asset Mgmt-A | Reduce -1.6% | 0.97% | −0.12 |
| SGOV iShares 0-3 Month Treasury B | Reduce -8.3% | 1.02% | −0.12 |
| DEO Diageo PLC-Sponsored ADR | Reduce -10.3% | 0.22% | −0.06 |
| SFM Sprouts Farmers Market Inc. | Reduce -4.0% | 0.13% | −0.06 |
| IVV iShares Core S&P 500 ETF | Reduce -4.7% | 0.82% | −0.04 |
| MO Altria Group Inc. | Reduce -1.8% | 0.17% | −0.03 |
| YUM Yum! Brands Inc. | Reduce -0.7% | 0.91% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -4.2% | 0.30% | −0.01 |
| VXUS Vanguard Total Intl Stock | Reduce -2.0% | 0.57% | −0.01 |
| ESGV Vanguard ESG US Stock ETF | Reduce -0.5% | 0.80% | −0.00 |
| YUMC Yum China Holdings Inc. | Reduce -3.4% | 0.19% | +0.01 |
| TECK Teck Resources Ltd.-CLS B | Reduce -0.2% | 0.24% | +0.01 |
| AAPL Apple Inc. | Reduce -4.0% | 7.81% | +0.02 |
| AXP American Express Co. | Reduce -4.6% | 0.82% | +0.03 |
| XOM Exxon Mobil Corp. | Reduce -1.9% | 1.57% | +0.04 |
| L Loews Corp. | Reduce -1.1% | 4.67% | +0.07 |
| GOOG Alphabet Inc. Class C | Reduce -3.2% | 1.94% | +0.35 |
| GM General Motors Co. | Reduce -8.2% | 3.37% | +0.56 |
| GOOGL Alphabet Inc. Class A | Reduce -6.8% | 5.25% | +0.78 |
Portfolio Buys Q3 2025 → Q4 2025
| MKL Markel Group Inc. | Add +2.1% | 3.12% | +0.34 |
| SGOL Abrdn Physical Gold Shares | Add +1.5% | 3.38% | +0.33 |
| SIVR Abrdn Physical Silver Shares | New | 0.27% | +0.27 |
| ASML ASML Holding NV-NY Reg SHS | Add +3.7% | 1.54% | +0.17 |
| GLD SPDR Gold Shares | New | 0.12% | +0.12 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.12% | +0.12 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +2.6% | 2.73% | +0.11 |
| CNX CNX Resources Corp. | Add +56.1% | 0.21% | +0.09 |
| SPEM State Street SP PTF Em ETF | Add +4.3% | 2.22% | +0.05 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Add +0.3% | 7.47% | +0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +1.5% | 2.89% | +0.02 |
| AMZN Amazon.com Inc. | Add +5.0% | 0.27% | +0.02 |
| JEF Jefferies Financial Group Inc. | Add +0.5% | 3.02% | −0.22 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.4% | 22.77% | −0.40 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 47 | $184.1M | BRK.B, SPTM, AAPL, MSFT, GOOGL |
| Q1 2026 | 47 | $170.8M | BRK.B, SPTM, AAPL, MSFT, BN |
| Q4 2025Amended | 44 | $178.5M | BRK.B, MSFT, AAPL, SPTM, BN |
| Q3 2025 | 42 | $174.7M | BRK.B, MSFT, AAPL, SPTM, BN |
| Q2 2025 | 40 | $159.8M | BRK.B, MSFT, SPTM, AAPL, BN |
| Q1 2025 | 38 | $148.2M | BRK.B, MSFT, AAPL, BN, L |
| Q4 2024 | 37 | $155.0M | BRK.B, MSFT, AAPL, SPTM, BN |
| Q3 2024 | 39 | $155.8M | BRK.B, MSFT, AAPL, SPTM, BN |
| Q2 2024 | 38 | $144.3M | BRK.B, MSFT, AAPL, SPTM, BN |
| Q1 2024 | 36 | $142.7M | BRK.B, MSFT, AAPL, SPTM, L |