Lawson Kroeker Investment Management Inc.

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 28, 2025), Lawson Kroeker Investment Management Inc. reported 88 stock positions worth $541.0 million. Its top holding was Texas Pacific Land (TPL) at 10.0% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 7.3%) and Arthur J Gallagher (AJG, 4.4%). Compared with Q4 2024, it opened 1 new position, sold out of 3, added to 16 and reduced 49. The biggest buy was a new position in Bruker (BRKR) and the biggest sale Alphabet Class C (GOOG, shares −1%).

Most Recent 13F: Q2 2026
Location: OMAHA, NE
CIK: 0001013701
Portfolio Value: $541.0M (Q1 2025)
SEC Filing: 0001013701-25-000002 ↗ filed Apr 28, 2025

Holdings Value

Holdings 88 stocks · $541.0M


TPL Texas Pacific Land Corp.	9.99%	40,775	$54.0M	Reduce -11.9%
BRK.B Berkshire Hathaway Inc. Class B	7.34%	74,568	$39.7M	Add +0.2%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	4.36%	68,258	$23.6M	Reduce -3.9%
AZO AutoZone Inc.	3.79%	5,380	$20.5M	Reduce -6.2%
HCA HCA Healthcare Inc.	3.37%	52,697	$18.2M	Reduce -1.4%
PSX Phillips 66	3.26%	142,737	$17.6M	Add +36.5%
MSFT Microsoft Corp.	3.07%	44,280	$16.6M	Reduce -0.3%
BRK.A Berkshire Hathaway Inc. Class A	2.95%	20	$16.0M	Reduce -9.1%
CPRT Copart Inc.	2.82%	269,415	$15.2M	Reduce -3.6%
GOOG Alphabet Inc. Class C	2.81%	97,230	$15.2M	Reduce -0.9%
ELV Elevance Health Inc.	2.72%	33,806	$14.7M	Add +5.3%
AFL Aflac Inc.	2.65%	129,117	$14.4M	Reduce -0.3%
FITB Fifth Third Bancorp	2.26%	312,180	$12.2M	Reduce -2.3%
NNI Nelnet Inc. Class A	2.07%	101,138	$11.2M	Reduce -1.8%
ABG Asbury Automotive Group	1.93%	47,380	$10.5M	Add +2.2%
LECO Lincoln Electric Holdings	1.85%	52,875	$10.0M	Reduce -0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO	1.77%	97,225	$9.6M	Add +0.2%
BN Brookfield Corp.	1.76%	181,897	$9.5M	Reduce -5.6%
HSY The Hershey Co.	1.75%	55,257	$9.5M	Add +1.6%
BRKR Bruker Corp.	1.61%	208,306	$8.7M	New
JNJ Johnson & Johnson	1.60%	52,236	$8.7M	Reduce -0.3%
CRL Charles River Laboratories	1.56%	55,991	$8.4M	Add +1.7%
ENOV Enovis Corp.	1.51%	213,669	$8.2M	Reduce -0.8%
TMO Thermo Fisher Scientific Inc.	1.43%	15,503	$7.7M	Reduce -1.6%
KO The Coca-Cola Co.	1.42%	107,338	$7.7M	Reduce -0.1%
BOC Boston Omaha Corp. Class A	1.28%	475,795	$6.9M	Reduce -1.2%
CP Canadian Pacific Kansas City	1.28%	98,447	$6.9M	Add +1.6%
CFR Cullen/Frost Bankers Inc.	1.24%	53,530	$6.7M	Add +0.1%
DNOPY Dino Polska SA Unsp- ADR	1.23%	115,003	$6.6M	Reduce -4.8%
MSM MSC Industrial Direct Co. Class A	1.09%	75,961	$5.9M	Add +4.5%
LKQ LKQ Corp.	1.08%	137,160	$5.8M	Reduce -23.7%
SKYH SKY Harbour Group Corp.	1.05%	437,849	$5.7M	Add +16.8%
CVX Chevron Corp.	1.03%	33,446	$5.6M	Reduce -2.5%
PFE Pfizer Inc.	0.98%	209,926	$5.3M	Reduce -0.4%
ACN Accenture PLC Class A	0.97%	16,864	$5.3M	Reduce -4.9%
FINN First Natl of Nebraska Inc.	0.92%	415	$5.0M	Reduce -6.3%
CIVI Civitas Resources Inc.	0.91%	141,588	$4.9M	Reduce -13.3%
VMC Vulcan Materials Co.	0.91%	21,044	$4.9M	No change
GOOGL Alphabet Inc. Class A	0.89%	31,168	$4.8M	Reduce -7.1%
ROST Ross Stores Inc.	0.75%	31,591	$4.0M	Reduce -1.9%
AAPL Apple Inc.	0.75%	18,172	$4.0M	Reduce -10.2%
WAT Waters Corp.	0.72%	10,502	$3.9M	Reduce -12.4%
CNI Canadian Natl Railway Co.	0.62%	34,680	$3.4M	Add +5.4%
TJX TJX Companies Inc. filed as TJX COS INC NEW	0.62%	27,593	$3.4M	Reduce -7.8%
KEYS Keysight Technologies Inc.	0.59%	21,332	$3.2M	Add +0.0%
BAM Brookfield Asset Mgmt-A	0.58%	64,595	$3.1M	Reduce -3.7%
DFH Dream Finders Homes Inc. Class A	0.56%	134,434	$3.0M	Reduce -5.5%
MCD McDonald's Corp.	0.56%	9,672	$3.0M	No change
SPY SS SPDR S&P 500 ETF Trust-US	0.53%	5,083	$2.8M	No change
HZO Marinemax Inc.	0.52%	130,353	$2.8M	Reduce -0.3%
FWONA Liberty Media Corp.-Liberty-A	0.50%	32,930	$2.7M	Reduce -8.5%
PEP Pepsico Inc.	0.46%	16,647	$2.5M	Add +0.6%
Valmont Industries Inc	0.45%	8,529	$2.4M	No change
UNH Unitedhealth Group Inc.	0.40%	4,081	$2.1M	No change
WFC Wells Fargo & Co.	0.37%	27,674	$2.0M	Reduce -19.4%
MKL Markel Group Inc.	0.37%	1,060	$2.0M	Reduce -2.3%
USB US Bancorp	0.36%	45,860	$1.9M	Add +4.4%
CWGL Crimson Wine Group Ltd.	0.30%	284,723	$1.6M	Reduce -0.4%
ESAB Esab Corp.	0.28%	13,156	$1.5M	Reduce -6.1%
AXP American Express Co.	0.27%	5,338	$1.4M	Reduce -2.3%
PG The Procter & Gamble Co.	0.23%	7,270	$1.2M	Reduce -0.4%
ABBV Abbvie Inc.	0.22%	5,650	$1.2M	No change
COST Costco Wholesale Corp.	0.21%	1,180	$1.1M	No change
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.20%	25,904	$1.1M	Reduce -0.1%
MCO Moody's Corp.	0.18%	2,070	$964K	No change
AMGN Amgen Inc.	0.17%	2,925	$911K	No change
HD Home Depot Inc.	0.16%	2,289	$839K	No change
ABT Abbott Laboratories	0.15%	6,210	$824K	No change
NSRGY Nestle SA-Spons ADR	0.14%	7,655	$773K	No change
CSTM Constellium SE	0.14%	75,870	$766K	Reduce -3.8%
CVS CVS Health Corp.	0.11%	8,853	$600K	No change
AMZN Amazon.com Inc.	0.09%	2,663	$507K	No change
D Dominion Energy Inc.	0.09%	9,007	$505K	Add +12.5%
CL Colgate-Palmolive Co.	0.09%	4,943	$463K	No change
WMT Walmart Inc.	0.08%	5,166	$454K	Reduce -44.8%
SHEL Shell PLC-ADR	0.07%	5,389	$395K	Reduce -4.0%
ADP Automatic Data Processing	0.07%	1,198	$366K	No change
DEO Diageo PLC-Sponsored ADR	0.07%	3,432	$360K	Reduce -38.5%
IVV iShares Core S&P 500 ETF	0.06%	612	$344K	No change
XOM Exxon Mobil Corp.	0.06%	2,500	$297K	No change
STKL Sunopta Inc.	0.05%	57,500	$279K	No change
DOX Amdocs Ltd.	0.05%	3,015	$276K	Reduce -50.0%
NVS Novartis AG-Sponsored ADR	0.05%	2,402	$268K	Reduce -1.6%
KMX Carmax Inc.	0.05%	3,429	$267K	Reduce -26.5%
JPM JPMorgan Chase & Co.	0.05%	1,042	$256K	No change
DUK Duke Energy Corp.	0.04%	1,991	$243K	No change
MG Mistras Group Inc.	0.04%	21,362	$226K	Reduce -79.5%
NEE Nextera Energy Inc.	0.04%	3,000	$213K	No change

Other holdings (1): bonds, preferreds, convertibles and warrants · $846K (not counted above)

Security	Class	Shares / Principal	Value	Change
COSTAMARE INC (CMRE 8.5 PERP C)	PRD	32,359	$846K	No change

Total filed on the 13F, all lines: $541.9M.

Portfolio Sells Q4 2024 → Q1 2025


GOOG Alphabet Inc. Class C	Reduce -0.9%	2.81%	−0.72
CIVI Civitas Resources Inc.	Reduce -13.3%	0.91%	−0.50
MSFT Microsoft Corp.	Reduce -0.3%	3.07%	−0.46
BN Brookfield Corp.	Reduce -5.6%	1.76%	−0.33
GOOGL Alphabet Inc. Class A	Reduce -7.1%	0.89%	−0.31
FITB Fifth Third Bancorp	Reduce -2.3%	2.26%	−0.29
ENOV Enovis Corp.	Reduce -0.8%	1.51%	−0.27
AAPL Apple Inc.	Reduce -10.2%	0.75%	−0.21
CPRT Copart Inc.	Reduce -3.6%	2.82%	−0.21
ACN Accenture PLC Class A	Reduce -4.9%	0.97%	−0.20
HZO Marinemax Inc.	Reduce -0.3%	0.52%	−0.20
ROST Ross Stores Inc.	Reduce -1.9%	0.75%	−0.17
LKQ LKQ Corp.	Reduce -23.7%	1.08%	−0.17
MG Mistras Group Inc.	Reduce -79.5%	0.04%	−0.14
WAT Waters Corp.	Reduce -12.4%	0.72%	−0.12
TMO Thermo Fisher Scientific Inc.	Reduce -1.6%	1.43%	−0.12
VCSH Vanguard S/T Corp. Bond ETF	Sold out	0.00%	−0.11
BAM Brookfield Asset Mgmt-A	Reduce -3.7%	0.58%	−0.11
FINN First Natl of Nebraska Inc.	Reduce -6.3%	0.92%	−0.10
TFX Teleflex Inc.	Sold out	0.00%	−0.10
WFC Wells Fargo & Co.	Reduce -19.4%	0.37%	−0.09
WMT Walmart Inc.	Reduce -44.8%	0.08%	−0.08
FWONA Liberty Media Corp.-Liberty-A	Reduce -8.5%	0.50%	−0.07
PFE Pfizer Inc.	Reduce -0.4%	0.98%	−0.07
DEO Diageo PLC-Sponsored ADR	Reduce -38.5%	0.07%	−0.07
DFH Dream Finders Homes Inc. Class A	Reduce -5.5%	0.56%	−0.06
TJX TJX Companies Inc.	Reduce -7.8%	0.62%	−0.06
TANDEM DIABETES CARE INC	Sold out	0.00%	−0.06
DOX Amdocs Ltd.	Reduce -50.0%	0.05%	−0.05
AXP American Express Co.	Reduce -2.3%	0.27%	−0.04
CWGL Crimson Wine Group Ltd.	Reduce -0.4%	0.30%	−0.04
ESAB Esab Corp.	Reduce -6.1%	0.28%	−0.03
LECO Lincoln Electric Holdings	Reduce -0.1%	1.85%	−0.02
KMX Carmax Inc.	Reduce -26.5%	0.05%	−0.02
BAC Bank of America Corp.	Reduce -0.1%	0.20%	−0.02
CSTM Constellium SE	Reduce -3.8%	0.14%	−0.01
BOC Boston Omaha Corp. Class A	Reduce -1.2%	1.28%	−0.01
PG The Procter & Gamble Co.	Reduce -0.4%	0.23%	−0.00
NNI Nelnet Inc. Class A	Reduce -1.8%	2.07%	−0.00
NVS Novartis AG-Sponsored ADR	Reduce -1.6%	0.05%	+0.00
SHEL Shell PLC-ADR	Reduce -4.0%	0.07%	+0.01
MKL Markel Group Inc.	Reduce -2.3%	0.37%	+0.01
CVX Chevron Corp.	Reduce -2.5%	1.03%	+0.10
AFL Aflac Inc.	Reduce -0.3%	2.65%	+0.13
BRK.A Berkshire Hathaway Inc. Class A	Reduce -9.1%	2.95%	+0.13
DNOPY Dino Polska SA Unsp- ADR	Reduce -4.8%	1.23%	+0.14
KO The Coca-Cola Co.	Reduce -0.1%	1.42%	+0.16
JNJ Johnson & Johnson	Reduce -0.3%	1.60%	+0.17
TPL Texas Pacific Land Corp.	Reduce -11.9%	9.99%	+0.33
AZO AutoZone Inc.	Reduce -6.2%	3.79%	+0.33

Portfolio Buys Q4 2024 → Q1 2025


BRKR Bruker Corp.	New	1.61%	+1.61
PSX Phillips 66	Add +36.5%	3.26%	+1.01
BRK.B Berkshire Hathaway Inc. Class B	Add +0.2%	7.34%	+0.98
ELV Elevance Health Inc.	Add +5.3%	2.72%	+0.49
SKYH SKY Harbour Group Corp.	Add +16.8%	1.05%	+0.21
MSM MSC Industrial Direct Co. Class A	Add +4.5%	1.09%	+0.07
D Dominion Energy Inc.	Add +12.5%	0.09%	+0.01
HSY The Hershey Co.	Add +1.6%	1.75%	+0.01
CNI Canadian Natl Railway Co.	Add +5.4%	0.62%	−0.00
PEP Pepsico Inc.	Add +0.6%	0.46%	−0.01
USB US Bancorp	Add +4.4%	0.36%	−0.04
CP Canadian Pacific Kansas City	Add +1.6%	1.28%	−0.04
KEYS Keysight Technologies Inc.	Add +0.0%	0.59%	−0.06
CFR Cullen/Frost Bankers Inc.	Add +0.1%	1.24%	−0.11
ABG Asbury Automotive Group	Add +2.2%	1.93%	−0.19
DIS The Walt Disney Co.	Add +0.2%	1.77%	−0.26
CRL Charles River Laboratories	Add +1.7%	1.56%	−0.36

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	58	$359.8M	TPL, BRK.B, AJG, GOOG, PSX
Q1 2026	58	$342.3M	TPL, BRK.B, PSX, AJG, MSFT
Q4 2025	61	$335.2M	TPL, BRK.B, AJG, MSFT, HCA
Q3 2025	98	$546.7M	BRK.B, TPL, AZO, HCA, MSFT
Q2 2025	96	$536.7M	TPL, BRK.B, MSFT, AJG, AZO
Q1 2025	88	$541.0M	TPL, BRK.B, AJG, AZO, HCA
Q4 2024	90	$530.2M	TPL, BRK.B, AJG, MSFT, GOOG
Q3 2024	87	$548.0M	TPL, BRK.B, HCA, AJG, MSFT
Q2 2024	89	$517.1M	TPL, BRK.B, MSFT, AJG, GOOG
Q1 2024	83	$526.7M	TPL, BRK.B, AJG, MSFT, AZO