Lawson Kroeker Investment Management Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 20, 2026), Lawson Kroeker Investment Management Inc. reported 61 stock positions worth $335.2 million. Its top holding was Texas Pacific Land (TPL) at 9.8% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 6.7%) and Arthur J Gallagher (AJG, 5.0%). Compared with Q3 2025, it sold out of 37, added to 2 and reduced 54. The biggest buy was Arthur J Gallagher (AJG, shares +2%) and the biggest sale AutoZone (AZO, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0001013701
- Portfolio Value
- $335.2M (Q4 2025)
- SEC Filing
- 0001013701-26-000001 ↗ filed Jan 20, 2026
Holdings Value
Holdings 61 stocks · $335.2M
| TPL Texas Pacific Land Corp. | 9.79% | 114,220 | $32.8M | Reduce -4.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 6.73% | 44,899 | $22.6M | Reduce -40.5% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 4.97% | 64,329 | $16.6M | Add +1.8% |
| MSFT Microsoft Corp. | 4.91% | 34,045 | $16.5M | Reduce -18.3% |
| HCA HCA Healthcare Inc. | 4.09% | 29,373 | $13.7M | Reduce -43.6% |
| AFL Aflac Inc. | 4.07% | 123,861 | $13.7M | Reduce -3.3% |
| PSX Phillips 66 | 3.96% | 102,964 | $13.3M | Reduce -31.2% |
| GOOG Alphabet Inc. Class C | 3.79% | 40,434 | $12.7M | Reduce -44.4% |
| LECO Lincoln Electric Holdings | 3.52% | 49,230 | $11.8M | Reduce -2.8% |
| CB Chubb Ltd. | 3.20% | 34,397 | $10.7M | Reduce -29.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 3.08% | 90,789 | $10.3M | Reduce -4.0% |
| FITB Fifth Third Bancorp | 2.89% | 206,979 | $9.7M | Reduce -33.0% |
| HSY The Hershey Co. | 2.80% | 51,571 | $9.4M | Reduce -6.6% |
| ABG Asbury Automotive Group | 2.78% | 40,111 | $9.3M | Reduce -15.1% |
| JNJ Johnson & Johnson | 2.77% | 44,866 | $9.3M | Reduce -6.5% |
| NNI Nelnet Inc. Class A | 2.62% | 66,142 | $8.8M | Reduce -34.5% |
| TMO Thermo Fisher Scientific Inc. | 2.43% | 14,047 | $8.1M | Reduce -11.0% |
| ELV Elevance Health Inc. | 2.11% | 20,212 | $7.1M | Reduce -53.3% |
| BN Brookfield Corp. | 2.09% | 152,993 | $7.0M | Reduce -13.9% |
| CP Canadian Pacific Kansas City | 2.07% | 94,216 | $6.9M | Reduce -3.3% |
| CFR Cullen/Frost Bankers Inc. | 2.03% | 53,723 | $6.8M | Reduce -0.4% |
| CRL Charles River Laboratories | 1.88% | 31,638 | $6.3M | Reduce -36.6% |
| BRKR Bruker Corp. | 1.85% | 131,535 | $6.2M | Reduce -38.0% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.80% | 8 | $6.0M | Reduce -55.6% |
| VMC Vulcan Materials Co. | 1.68% | 19,771 | $5.6M | Reduce -4.8% |
| PFE Pfizer Inc. | 1.43% | 192,771 | $4.8M | Reduce -4.4% |
| CVX Chevron Corp. | 1.43% | 31,404 | $4.8M | Reduce -5.2% |
| KEYS Keysight Technologies Inc. | 1.26% | 20,785 | $4.2M | Reduce -2.7% |
| MSM MSC Industrial Direct Co. Class A | 1.11% | 44,103 | $3.7M | Reduce -42.0% |
| LKQ LKQ Corp. | 1.06% | 117,387 | $3.5M | Reduce -11.3% |
| CNI Canadian Natl Railway Co. | 1.01% | 34,184 | $3.4M | Add +0.2% |
| HZO Marinemax Inc. | 0.95% | 131,498 | $3.2M | Reduce -3.0% |
| BAM Brookfield Asset Mgmt-A | 0.87% | 55,556 | $2.9M | Reduce -7.2% |
| MCD McDonald's Corp. | 0.82% | 8,955 | $2.7M | Reduce -3.4% |
| CIVI Civitas Resources Inc. | 0.80% | 99,147 | $2.7M | Reduce -27.5% |
| SKYH SKY Harbour Group Corp. | 0.73% | 273,812 | $2.5M | Reduce -42.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.46% | 2,265 | $1.5M | Reduce -55.4% |
| CWGL Crimson Wine Group Ltd. | 0.39% | 267,498 | $1.3M | Reduce -4.2% |
| DNOPY Dino Polska SA Unsp- ADR | 0.34% | 97,135 | $1.1M | Reduce -83.2% |
| COST Costco Wholesale Corp. | 0.33% | 1,281 | $1.1M | No change |
| CSTM Constellium SE | 0.30% | 54,020 | $1.0M | Reduce -14.3% |
| KO The Coca-Cola Co. | 0.30% | 14,251 | $996K | Reduce -85.3% |
| PEP Pepsico Inc. | 0.29% | 6,728 | $966K | Reduce -62.2% |
| PG The Procter & Gamble Co. | 0.29% | 6,715 | $962K | Reduce -5.5% |
| AAPL Apple Inc. | 0.23% | 2,800 | $761K | Reduce -84.5% |
| NSRGY Nestle SA-Spons ADR | 0.21% | 7,205 | $716K | Reduce -1.4% |
| AZO AutoZone Inc. | 0.17% | 172 | $583K | Reduce -96.9% |
| FINN First Natl of Nebraska Inc. | 0.14% | 30 | $465K | Reduce -92.8% |
| AMZN Amazon.com Inc. | 0.12% | 1,800 | $415K | Reduce -32.4% |
| ABBV Abbvie Inc. | 0.12% | 1,768 | $404K | Reduce -62.8% |
| IVV iShares Core S&P 500 ETF | 0.12% | 582 | $399K | Reduce -4.9% |
| WMT Walmart Inc. | 0.10% | 3,150 | $351K | Reduce -32.1% |
| COHR Coherent Corp. | 0.10% | 1,800 | $332K | Reduce -10.0% |
| D Dominion Energy Inc. | 0.10% | 5,590 | $328K | Reduce -29.8% |
| ABT Abbott Laboratories | 0.10% | 2,597 | $325K | Reduce -50.1% |
| CL Colgate-Palmolive Co. | 0.09% | 3,830 | $303K | Reduce -20.9% |
| WPM Wheaton Precious Metals Corp. | 0.09% | 2,500 | $294K | No change |
| DEO Diageo PLC-Sponsored ADR | 0.09% | 3,331 | $287K | Reduce -1.5% |
| NEE Nextera Energy Inc. | 0.07% | 3,000 | $241K | No change |
| STKL Sunopta Inc. | 0.07% | 57,500 | $219K | No change |
| CDNL Cardinal Resources Inc. | 0.00% | 100,000 | $0 | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $830K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| COSTAMARE INC (CMRE 8.5 PERP C) | PRD | 30,893 | $830K | Reduce -4.5% |
Total filed on the 13F, all lines: $336.0M.
Portfolio Sells Q3 2025 → Q4 2025
| AZO AutoZone Inc. | Reduce -96.9% | 0.17% | −4.14 |
| CPRT Copart Inc. | Sold out | 0.00% | −2.23 |
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −1.20 |
| BOC Boston Omaha Corp. Class A | Sold out | 0.00% | −1.15 |
| FINN First Natl of Nebraska Inc. | Reduce -92.8% | 0.14% | −0.93 |
| DNOPY Dino Polska SA Unsp- ADR | Reduce -83.2% | 0.34% | −0.93 |
| ROST Ross Stores Inc. | Sold out | 0.00% | −0.89 |
| KO The Coca-Cola Co. | Reduce -85.3% | 0.30% | −0.88 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.76 |
| TJX TJX Companies Inc. | Sold out | 0.00% | −0.76 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -55.6% | 1.80% | −0.68 |
| AAPL Apple Inc. | Reduce -84.5% | 0.23% | −0.61 |
| Valmont Industries Inc | Sold out | 0.00% | −0.60 |
| DFH Dream Finders Homes Inc. Class A | Sold out | 0.00% | −0.59 |
| WAT Waters Corp. | Sold out | 0.00% | −0.58 |
| FWONA Liberty Media Corp.-Liberty-A | Sold out | 0.00% | −0.57 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.45 |
| ELV Elevance Health Inc. | Reduce -53.3% | 2.11% | −0.44 |
| USB US Bancorp | Sold out | 0.00% | −0.41 |
| MKL Markel Group Inc. | Sold out | 0.00% | −0.37 |
| AXP American Express Co. | Sold out | 0.00% | −0.32 |
| ESAB Esab Corp. | Sold out | 0.00% | −0.28 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.25 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.25 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -40.5% | 6.73% | −0.21 |
| SCHX Schwab US Large-Cap ETF | Sold out | 0.00% | −0.20 |
| MCO Moody's Corp. | Sold out | 0.00% | −0.18 |
| MSM MSC Industrial Direct Co. Class A | Reduce -42.0% | 1.11% | −0.18 |
| HD Home Depot Inc. | Sold out | 0.00% | −0.17 |
| PEP Pepsico Inc. | Reduce -62.2% | 0.29% | −0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -55.4% | 0.46% | −0.16 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.14 |
| SKYH SKY Harbour Group Corp. | Reduce -42.2% | 0.73% | −0.12 |
| VCSH Vanguard S/T Corp. Bond ETF | Sold out | 0.00% | −0.10 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.10 |
| ABBV Abbvie Inc. | Reduce -62.8% | 0.12% | −0.08 |
| SCHM Schwab US Mid Cap ETF | Sold out | 0.00% | −0.07 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −0.07 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.06 |
| iShares Gold ETF | Sold out | 0.00% | −0.06 |
| SCHF Schwab Intl Equity ETF | Sold out | 0.00% | −0.06 |
| NVS Novartis AG-Sponsored ADR | Sold out | 0.00% | −0.06 |
| JPM JPMorgan Chase & Co. | Sold out | 0.00% | −0.05 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −0.05 |
| SCHZ Schwab US Aggregate Bond ETF | Sold out | 0.00% | −0.05 |
| DOX Amdocs Ltd. | Sold out | 0.00% | −0.05 |
| DUK Duke Energy Corp. | Sold out | 0.00% | −0.05 |
| JCI Johnson Controls Internation | Sold out | 0.00% | −0.04 |
| XOM Exxon Mobil Corp. | Sold out | 0.00% | −0.04 |
| MG Mistras Group Inc. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q3 2025 → Q4 2025
Notes & Other Activity Q3 2025 → Q4 2025
| COSTAMARE INC (CMRE 8.5 PERP C) | PRD | Reduce -4.5% | 30,893 | $830K |
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 | 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 |