In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Inkwell Capital LLC reported 29 stock positions worth $91.3 million . Its top holding was Berkshire Hathaway Class B (BRK.B) at 8.5% of the portfolio, followed by Invesco S&P 500 Equal Weight (RSP, 5.8% ) and Markel (MKL, 5.5% ). Compared with Q4 2024, it sold out of 3, added to 12 and reduced 16. The biggest buy was Dollar General (DG, shares +178% ) and the biggest sale an exit from Dollar Tree (DLTR).
Location MIAMI, FL
CIK 0002050138
Portfolio Value $91.3M (Q1 2025) Holdings 29 stocks · $91.3M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2024 BRK.B Berkshire Hathaway Inc. Class B 14,554 $7.8M Reduce -14.1% RSP Invesco S&P 500 Equal Weight 30,818 $5.3M Reduce -0.3% MKL Markel Group Inc. 2,689 $5.0M Reduce -2.2% GOOGL Alphabet Inc. Class A 29,316 $4.5M Reduce -0.9% MA Mastercard Inc. Class A 7,975 $4.4M Reduce -0.6% SBUX Starbucks Corp. 38,592 $3.8M Add +1.9% AMZN Amazon.com Inc. 19,820 $3.8M Reduce -0.8% KMX Carmax Inc. 48,121 $3.7M Add +2.8% DG Dollar General Corp. 40,979 $3.6M Add +178.4% DIS The Walt Disney Co. filed as DISNEY WALT CO 36,219 $3.6M Add +2.2% META Meta Platforms Inc. Class A 6,160 $3.6M Reduce -0.7% XOM Exxon Mobil Corp. 29,614 $3.5M Reduce -0.6% QSR Restaurant Brands Intern 51,416 $3.4M Reduce -0.6% HSY The Hershey Co. 19,048 $3.3M Add +35.1% MCO Moody's Corp. 6,915 $3.2M Reduce -0.6% AAPL Apple Inc. 13,991 $3.1M Reduce -23.4% SCHW Schwab (charles) Corp. 38,070 $3.0M Reduce -24.4% NSC Norfolk Southern Corp. 12,264 $2.9M Add +1.0% WFC Wells Fargo & Co. 40,203 $2.9M Reduce -16.3% OXY Occidental Petroleum Corp. 53,902 $2.7M Add +209.8% NKE Nike Inc. Class B 36,202 $2.3M Add +5.8% UNH Unitedhealth Group Inc. 4,237 $2.2M Reduce -0.7% BLDR Builders Firstsource Inc. 15,839 $2.0M Add +228.5% UHAL.B U-Haul Holding Co.-Non Voting 32,810 $1.9M Add +4.0% AXP American Express Co. 6,851 $1.8M No change ELV Elevance Health Inc. 3,376 $1.5M Add +4.2% INTC Intel Corp. 60,323 $1.4M Add +3.4% MSFT Microsoft Corp. 2,528 $949K Reduce -1.9% UHAL U-Haul Holding Co. 3,494 $228K Reduce -1.3%
Other holdings (1): bonds, preferreds, convertibles and warrants · $222K (not counted above) Total filed on the 13F, all lines: $91.5M.
Portfolio Sells Q4 2024 → Q1 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▲ DLTR Dollar Tree Inc. Sold out 0.00% −2.10 XLE SS Energy Select Sector Sold out 0.00% −1.86 AAPL Apple Inc. Reduce -23.4% 3.40% −1.49 SPY SS SPDR S&P 500 ETF Trust-US Sold out 0.00% −1.03 GOOGL Alphabet Inc. Class A Reduce -0.9% 4.96% −1.02 SCHW Schwab (charles) Corp. Reduce -24.4% 3.26% −0.72 AMZN Amazon.com Inc. Reduce -0.8% 4.13% −0.56 WFC Wells Fargo & Co. Reduce -16.3% 3.16% −0.45 MSFT Microsoft Corp. Reduce -1.9% 1.04% −0.12 UHAL U-Haul Holding Co. Reduce -1.3% 0.25% −0.01 MCO Moody's Corp. Reduce -0.6% 3.53% +0.00 META Meta Platforms Inc. Class A Reduce -0.7% 3.89% +0.01 RSP Invesco S&P 500 Equal Weight Reduce -0.3% 5.85% +0.06 UNH Unitedhealth Group Inc. Reduce -0.7% 2.43% +0.12 QSR Restaurant Brands Intern Reduce -0.6% 3.75% +0.15 MA Mastercard Inc. Class A Reduce -0.6% 4.79% +0.27 BRK.B Berkshire Hathaway Inc. Class B Reduce -14.1% 8.49% +0.27 MKL Markel Group Inc. Reduce -2.2% 5.51% +0.43 XOM Exxon Mobil Corp. Reduce -0.6% 3.86% +0.43
Portfolio Buys Q4 2024 → Q1 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2024 % Of Portfolio Change To Portfolio ▼ DG Dollar General Corp. Add +178.4% 3.95% +2.75 OXY Occidental Petroleum Corp. Add +209.8% 2.91% +1.99 BLDR Builders Firstsource Inc. Add +228.5% 2.17% +1.43 HSY The Hershey Co. Add +35.1% 3.57% +1.01 SBUX Starbucks Corp. Add +1.9% 4.15% +0.45 ELV Elevance Health Inc. Add +4.2% 1.61% +0.33 INTC Intel Corp. Add +3.4% 1.50% +0.25 NSC Norfolk Southern Corp. Add +1.0% 3.18% +0.13 KMX Carmax Inc. Add +2.8% 4.11% +0.01 UHAL.B U-Haul Holding Co.-Non Voting Add +4.0% 2.13% −0.04 NKE Nike Inc. Class B Add +5.8% 2.52% −0.25 DIS The Walt Disney Co. Add +2.2% 3.91% −0.30
Notes & Other Activity Q4 2024 → Q1 2025 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 30 $95.9M BRK.B, MKL, RSP, GOOGL, DG Q1 2026 30 $98.0M BRK.B, GOOGL, MKL, XOM, DG Q4 2025 28 $98.2M GOOGL, BRK.B, RSP, MKL, DG Q3 2025 28 $97.8M BRK.B, GOOGL, RSP, MKL, MA Q2 2025 28 $93.2M BRK.B, RSP, MKL, GOOGL, DG Q1 2025 29 $91.3M BRK.B, RSP, MKL, GOOGL, MA Q4 2024 32 $93.5M BRK.B, GOOGL, RSP, MKL, AAPL