Inkwell Capital LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Inkwell Capital LLC reported 28 stock positions worth $97.8 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 7.3% of the portfolio, followed by Alphabet Class A (GOOGL, 7.1%) and Invesco S&P 500 Equal Weight (RSP, 5.8%). Compared with Q2 2025, it opened 2 new positions, sold out of 2, added to 2 and reduced 23. The biggest buy was a new position in iShares Core MSCI Eafe ETF (IEFA) and the biggest sale Meta Platforms Class A (META, shares −25%).

Most Recent 13F
Q2 2026
Location
MIAMI, FL
CIK
0002050138
Portfolio Value
$97.8M (Q3 2025)
SEC Filing
0002050138-25-000006 ↗ filed Nov 10, 2025

Holdings Value

0$20.0M$40.0M$60.0M$80.0M$100.0M Q4 2024: $93.5M Q4 2024 Q1 2025: $91.3M Q1 2025 Q2 2025: $93.2M Q2 2025 Q3 2025: $97.8M $97.8M Q3 2025 Q4 2025: $98.2M Q4 2025 Q1 2026: $98.0M Q1 2026 Q2 2026: $95.9M Q2 2026

Holdings 28 stocks · $97.8M
BRK.B Berkshire Hathaway Inc. Class B 7.33% 14,258 $7.2M Reduce -1.2%
GOOGL Alphabet Inc. Class A 7.12% 28,653 $7.0M Reduce -1.4%
RSP Invesco S&P 500 Equal Weight 5.84% 30,115 $5.7M Reduce -1.7%
MKL Markel Group Inc. 5.14% 2,629 $5.0M Reduce -1.4%
MA Mastercard Inc. Class A 4.50% 7,747 $4.4M Reduce -1.6%
AMZN Amazon.com Inc. 4.33% 19,283 $4.2M Reduce -1.7%
DG Dollar General Corp. 4.24% 40,164 $4.2M Reduce -1.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 4.16% 35,522 $4.1M Reduce -1.1%
NSC Norfolk Southern Corp. 3.69% 12,012 $3.6M Reduce -1.2%
SCHW Schwab (charles) Corp. 3.64% 37,295 $3.6M Reduce -1.2%
HSY The Hershey Co. 3.57% 18,679 $3.5M Reduce -1.1%
AAPL Apple Inc. 3.56% 13,686 $3.5M Reduce -1.3%
NKE Nike Inc. Class B 3.50% 49,097 $3.4M Reduce -1.1%
META Meta Platforms Inc. Class A 3.43% 4,574 $3.4M Reduce -25.1%
XOM Exxon Mobil Corp. 3.34% 28,953 $3.3M Reduce -1.4%
MCO Moody's Corp. 3.29% 6,746 $3.2M Reduce -1.6%
QSR Restaurant Brands Intern 3.28% 50,034 $3.2M Reduce -1.6%
SBUX Starbucks Corp. 3.27% 37,793 $3.2M Reduce -1.2%
KMX Carmax Inc. 2.96% 64,515 $2.9M Add +35.2%
BLDR Builders Firstsource Inc. 2.85% 22,955 $2.8M Reduce -1.2%
OXY Occidental Petroleum Corp. 2.82% 58,455 $2.8M Reduce -1.1%
UHAL.B U-Haul Holding Co.-Non Voting 2.60% 49,919 $2.5M Reduce -1.0%
UNH Unitedhealth Group Inc. 2.43% 6,897 $2.4M Add +63.9%
AXP American Express Co. 2.24% 6,601 $2.2M No change
IEFA iShares Core MSCI Eafe ETF 2.23% 25,020 $2.2M New
VXUS Vanguard Total Intl Stock 2.22% 29,525 $2.2M New
MSFT Microsoft Corp. 1.34% 2,521 $1.3M Reduce -0.3%
ELV Elevance Health Inc. 1.08% 3,279 $1.1M Reduce -1.7%
Other holdings (1): bonds, preferreds, convertibles and warrants · $241K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 195$241KAdd +5.4%

Total filed on the 13F, all lines: $98.1M.

Portfolio Sells Q2 2025 → Q3 2025
META Meta Platforms Inc. Class A Reduce -25.1% 3.43% −1.40
INTC Intel Corp. Sold out 0.00% −1.00
DG Dollar General Corp. Reduce -1.1% 4.24% −0.74
DIS The Walt Disney Co. Reduce -1.1% 4.16% −0.63
MKL Markel Group Inc. Reduce -1.4% 5.14% −0.58
SBUX Starbucks Corp. Reduce -1.2% 3.27% −0.49
MCO Moody's Corp. Reduce -1.6% 3.29% −0.41
UHAL.B U-Haul Holding Co.-Non Voting Reduce -1.0% 2.60% −0.35
QSR Restaurant Brands Intern Reduce -1.6% 3.28% −0.34
ELV Elevance Health Inc. Reduce -1.7% 1.08% −0.31
AMZN Amazon.com Inc. Reduce -1.7% 4.33% −0.29
NKE Nike Inc. Class B Reduce -1.1% 3.50% −0.29
MA Mastercard Inc. Class A Reduce -1.6% 4.50% −0.25
UHAL U-Haul Holding Co. Sold out 0.00% −0.22
BRK.B Berkshire Hathaway Inc. Class B Reduce -1.2% 7.33% −0.19
RSP Invesco S&P 500 Equal Weight Reduce -1.7% 5.84% −0.14
BLDR Builders Firstsource Inc. Reduce -1.2% 2.85% −0.06
XOM Exxon Mobil Corp. Reduce -1.4% 3.34% −0.06
SCHW Schwab (charles) Corp. Reduce -1.2% 3.64% −0.06
MSFT Microsoft Corp. Reduce -0.3% 1.34% −0.01
OXY Occidental Petroleum Corp. Reduce -1.1% 2.82% +0.16
HSY The Hershey Co. Reduce -1.1% 3.57% +0.21
NSC Norfolk Southern Corp. Reduce -1.2% 3.69% +0.35
AAPL Apple Inc. Reduce -1.3% 3.56% +0.51
GOOGL Alphabet Inc. Class A Reduce -1.4% 7.12% +1.62

Portfolio Buys Q2 2025 → Q3 2025
IEFA iShares Core MSCI Eafe ETF New 2.23% +2.23
VXUS Vanguard Total Intl Stock New 2.22% +2.22
UNH Unitedhealth Group Inc. Add +63.9% 2.43% +1.03
KMX Carmax Inc. Add +35.2% 2.96% −0.48

Notes & Other Activity Q2 2025 → Q3 2025
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A Add +5.4% 195 $241K

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 30$95.9MBRK.B, MKL, RSP, GOOGL, DG
Q1 2026 30$98.0MBRK.B, GOOGL, MKL, XOM, DG
Q4 2025 28$98.2MGOOGL, BRK.B, RSP, MKL, DG
Q3 2025 28$97.8MBRK.B, GOOGL, RSP, MKL, MA
Q2 2025 28$93.2MBRK.B, RSP, MKL, GOOGL, DG
Q1 2025 29$91.3MBRK.B, RSP, MKL, GOOGL, MA
Q4 2024 32$93.5MBRK.B, GOOGL, RSP, MKL, AAPL