Pecaut & Co.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 6, 2024), Pecaut & Co. reported 72 stock positions worth $282.1 million. Its top holding was SS Spdrb B 3-12M T-Bill ETF (BILS) at 11.7% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 10.8%) and iShares 0-3 Month Treasury B (SGOV, 8.4%). Compared with Q2 2024, it opened 7 new positions, sold out of 4, added to 23 and reduced 25. The biggest buy was SS Spdrb B 3-12M T-Bill ETF (BILS, shares +36%) and the biggest sale iShares 0-3 Month Treasury B (SGOV, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- SIOUX CITY, IA
- CIK
- 0001597200
- Portfolio Value
- $282.1M (Q3 2024)
- SEC Filing
- 0001398344-24-020033 ↗ filed Nov 6, 2024
Holdings Value
Holdings 72 stocks · $282.1M
| BILS SS Spdrb B 3-12M T-Bill ETF | 11.74% | 332,499 | $33.1M | Add +36.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 10.79% | 66,156 | $30.4M | Reduce -1.2% |
| SGOV iShares 0-3 Month Treasury B | 8.43% | 236,042 | $23.8M | Reduce -26.0% |
| TPL Texas Pacific Land Corp. | 4.87% | 15,543 | $13.8M | Reduce -1.9% |
| GOOG Alphabet Inc. Class C | 4.38% | 73,825 | $12.3M | Reduce -1.6% |
| SPYG SS SPDR P S&P 500 Growth ETF | 4.25% | 144,663 | $12.0M | Add +0.4% |
| AAPL Apple Inc. | 3.86% | 46,741 | $10.9M | Reduce -19.9% |
| VIG Vanguard Dividend Apprec ETF | 3.29% | 46,868 | $9.3M | Add +7.8% |
| SPYV SS SPDR P S&P 500 Value ETF | 2.98% | 159,196 | $8.4M | Add +3.7% |
| COST Costco Wholesale Corp. | 2.82% | 8,962 | $7.9M | Reduce -0.0% |
| PAVE Global X US Infrastructure | 2.70% | 185,003 | $7.6M | Add +3.6% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 2.70% | 139,221 | $7.6M | Add +4.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 2.70% | 11 | $7.6M | Reduce -8.3% |
| EMXC iShares MSCI Emr MRK Ex Chna | 2.60% | 120,202 | $7.3M | Add +3.9% |
| LOW Lowe's Cos Inc. | 2.17% | 22,649 | $6.1M | Reduce -3.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 2.10% | 157,418 | $5.9M | Add +6.7% |
| KNF Knife River Corp. | 1.85% | 58,525 | $5.2M | Add +1.8% |
| AN Autonation Inc. | 1.84% | 28,945 | $5.2M | Reduce -1.5% |
| MSFT Microsoft Corp. | 1.69% | 11,109 | $4.8M | Add +52.1% |
| CP Canadian Pacific Kansas City | 1.42% | 46,872 | $4.0M | Reduce -2.9% |
| NKE Nike Inc. Class B | 1.38% | 43,977 | $3.9M | New |
| SPSM SS SPDR P S&P 600 Small Cap | 1.34% | 83,076 | $3.8M | Add +5.5% |
| CIBR First Trust Nasdaq Cybersecu | 1.28% | 61,096 | $3.6M | Add +5.6% |
| ICE Intercontinental Exchange Inc. | 1.15% | 20,250 | $3.3M | Reduce -4.7% |
| FND Floor & Decor Holdings Inc. Class A | 1.04% | 23,650 | $2.9M | Add +27.5% |
| NVDA Nvidia Corp. | 1.03% | 23,891 | $2.9M | Reduce -14.8% |
| GRID First TRST Nasd Class Edg Sgiif | 0.88% | 19,437 | $2.5M | Add +8.2% |
| TDW Tidewater Inc. | 0.74% | 29,000 | $2.1M | Reduce -7.9% |
| WTM White Mountains Insurance GP | 0.70% | 1,167 | $2.0M | No change |
| ORCL Oracle Corp. | 0.70% | 11,552 | $2.0M | Add +0.1% |
| OXY Occidental Petroleum Corp. | 0.65% | 35,323 | $1.8M | Add +0.5% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.64% | 19,750 | $1.8M | Add +57.0% |
| INFL Horizon Kinetics Infl Benef | 0.64% | 48,150 | $1.8M | No change |
| URI United Rentals Inc. | 0.56% | 1,952 | $1.6M | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.52% | 3,809 | $1.5M | Reduce -6.1% |
| AXP American Express Co. | 0.50% | 5,169 | $1.4M | Reduce -0.9% |
| BLDR Builders Firstsource Inc. | 0.47% | 6,835 | $1.3M | Add +2.8% |
| UNP Union Pacific Corp. | 0.42% | 4,862 | $1.2M | Reduce -0.5% |
| BWXT BWX Technologies Inc. | 0.39% | 10,135 | $1.1M | No change |
| WMT Walmart Inc. | 0.39% | 13,635 | $1.1M | Reduce -11.7% |
| NE Noble Corp. PLC | 0.38% | 29,686 | $1.1M | Add +196.9% |
| VEA Vanguard Ftse Developed ETF | 0.36% | 19,183 | $1.0M | Reduce -2.2% |
| FWONA Liberty Media Corp. Class A | 0.33% | 12,908 | $923K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.30% | 4,816 | $841K | Reduce -1.8% |
| XSORX Source Capital Inc. | 0.28% | 17,467 | $778K | Reduce -23.8% |
| JNJ Johnson & Johnson | 0.27% | 4,687 | $760K | No change |
| MSB Mesabi Trust | 0.26% | 32,768 | $738K | Add +51.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.26% | 2,734 | $721K | Reduce -6.9% |
| WPM Wheaton Precious Metals Corp. | 0.24% | 11,050 | $675K | No change |
| LB Landbridge Co. LLC-A | 0.21% | 15,500 | $606K | New |
| SHV iShares 0-1 Year Treasury Bo | 0.21% | 5,393 | $597K | No change |
| GLDM SPDR Gold Minishares Trust | 0.19% | 10,477 | $546K | Add +1.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.19% | 2,269 | $538K | Reduce -5.0% |
| CASY Casey's General Stores Inc. | 0.19% | 1,425 | $535K | No change |
| ESGV Vanguard ESG US Stock ETF | 0.18% | 5,026 | $511K | Reduce -8.2% |
| BOC Boston Omaha Corp. Class A | 0.18% | 33,900 | $504K | Add +13.4% |
| JEF Jefferies Financial Group Inc. | 0.14% | 6,350 | $391K | No change |
| CNI Canadian Natl Railway Co. | 0.12% | 2,850 | $334K | No change |
| RLI Rli Corp. | 0.11% | 1,991 | $309K | No change |
| VAL Valaris Ltd. | 0.10% | 5,000 | $279K | No change |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.10% | 6,500 | $273K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.09% | 459 | $263K | No change |
| IHAK iShares Cybersecurity & Tech | 0.08% | 4,868 | $237K | Add +1.6% |
| PGR Progressive Corp. | 0.08% | 900 | $228K | New |
| CINF Cincinnati Financial Corp. | 0.08% | 1,653 | $225K | New |
| ESGD iShares Trust iShares ESG Aw | 0.08% | 2,583 | $217K | Reduce -3.0% |
| TSLA Tesla Inc. | 0.08% | 825 | $216K | New |
| UFCS United Fire Group Inc. | 0.08% | 10,200 | $213K | No change |
| PHYS Sprott Physical Gold Trust | 0.07% | 10,000 | $204K | Reduce -12.3% |
| IWD iShares Russell 1000 Value E | 0.07% | 1,059 | $201K | New |
| RCG Renn Fund Inc. | 0.06% | 86,050 | $182K | No change |
| LXU LSB Industries Inc. | 0.03% | 12,000 | $96K | New |
Other holdings (2): bonds, preferreds, convertibles and warrants · $592K (not counted above)
Total filed on the 13F, all lines: $282.7M.
Portfolio Sells Q2 2024 → Q3 2024
| SGOV iShares 0-3 Month Treasury B | Reduce -26.0% | 8.43% | −3.75 |
| DE Deere & Co. | Sold out | 0.00% | −1.18 |
| GOOG Alphabet Inc. Class C | Reduce -1.6% | 4.38% | −0.84 |
| AAPL Apple Inc. | Reduce -19.9% | 3.86% | −0.80 |
| DO Diamond Offshore Drilling Inc. | Sold out | 0.00% | −0.50 |
| TDW Tidewater Inc. | Reduce -7.9% | 0.74% | −0.40 |
| NVDA Nvidia Corp. | Reduce -14.8% | 1.03% | −0.29 |
| MYRG MYR Group Inc./Delaware | Sold out | 0.00% | −0.24 |
| XSORX Source Capital Inc. | Reduce -23.8% | 0.28% | −0.11 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -8.3% | 2.70% | −0.09 |
| COST Costco Wholesale Corp. | Reduce -0.0% | 2.82% | −0.07 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -6.1% | 0.52% | −0.06 |
| GAB Gabelli Equity Trust | Sold out | 0.00% | −0.03 |
| CP Canadian Pacific Kansas City | Reduce -2.9% | 1.42% | −0.02 |
| ESGV Vanguard ESG US Stock ETF | Reduce -8.2% | 0.18% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -6.9% | 0.26% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Reduce -2.2% | 0.36% | −0.01 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -5.0% | 0.19% | −0.01 |
| WMT Walmart Inc. | Reduce -11.7% | 0.39% | −0.01 |
| PHYS Sprott Physical Gold Trust | Reduce -12.3% | 0.07% | −0.01 |
| ESGD iShares Trust iShares ESG Aw | Reduce -3.0% | 0.08% | −0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.8% | 0.30% | −0.00 |
| UNP Union Pacific Corp. | Reduce -0.5% | 0.42% | +0.01 |
| AXP American Express Co. | Reduce -0.9% | 0.50% | +0.04 |
| ICE Intercontinental Exchange Inc. | Reduce -4.7% | 1.15% | +0.05 |
| AN Autonation Inc. | Reduce -1.5% | 1.84% | +0.06 |
| LOW Lowe's Cos Inc. | Reduce -3.4% | 2.17% | +0.21 |
| TPL Texas Pacific Land Corp. | Reduce -1.9% | 4.87% | +0.46 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.2% | 10.79% | +0.47 |
Portfolio Buys Q2 2024 → Q3 2024
| BILS SS Spdrb B 3-12M T-Bill ETF | Add +36.0% | 11.74% | +2.52 |
| NKE Nike Inc. Class B | New | 1.38% | +1.38 |
| MSFT Microsoft Corp. | Add +52.1% | 1.69% | +0.46 |
| FND Floor & Decor Holdings Inc. Class A | Add +27.5% | 1.04% | +0.34 |
| KNF Knife River Corp. | Add +1.8% | 1.85% | +0.32 |
| VIG Vanguard Dividend Apprec ETF | Add +7.8% | 3.29% | +0.28 |
| LB Landbridge Co. LLC-A | New | 0.21% | +0.21 |
| NE Noble Corp. PLC | Add +196.9% | 0.38% | +0.21 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +57.0% | 0.64% | +0.20 |
| PAVE Global X US Infrastructure | Add +3.6% | 2.70% | +0.19 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +3.7% | 2.98% | +0.15 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +6.7% | 2.10% | +0.13 |
| BLDR Builders Firstsource Inc. | Add +2.8% | 0.47% | +0.12 |
| MSB Mesabi Trust | Add +51.0% | 0.26% | +0.12 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +4.6% | 2.70% | +0.11 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +5.5% | 1.34% | +0.10 |
| GRID First TRST Nasd Class Edg Sgiif | Add +8.2% | 0.88% | +0.09 |
| PGR Progressive Corp. | New | 0.08% | +0.08 |
| CINF Cincinnati Financial Corp. | New | 0.08% | +0.08 |
| ORCL Oracle Corp. | Add +0.1% | 0.70% | +0.08 |
| TSLA Tesla Inc. | New | 0.08% | +0.08 |
| IWD iShares Russell 1000 Value E | New | 0.07% | +0.07 |
| CIBR First Trust Nasdaq Cybersecu | Add +5.6% | 1.28% | +0.04 |
| LXU LSB Industries Inc. | New | 0.03% | +0.03 |
| BOC Boston Omaha Corp. Class A | Add +13.4% | 0.18% | +0.03 |
| GLDM SPDR Gold Minishares Trust | Add +1.2% | 0.19% | +0.01 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +3.9% | 2.60% | +0.01 |
| IHAK iShares Cybersecurity & Tech | Add +1.6% | 0.08% | +0.00 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +0.4% | 4.25% | −0.13 |
| OXY Occidental Petroleum Corp. | Add +0.5% | 0.65% | −0.20 |
Notes & Other Activity Q2 2024 → Q3 2024
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Add +0.8% | 19,168 | $570K |
| SKYH.WS Yellowstone Acquisit A -CW25 | *W EXP 01/25/202 | New | 10,000 | $23K |
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 | 65 | $328.2M | BRK.B, BILS, VCSH, EMXC, GOOG |
| Q1 2026 | 66 | $308.0M | BRK.B, BILS, VCSH, SGOV, EMXC |
| Q4 2025 | 70 | $310.0M | BILS, BRK.B, SGOV, GOOG, SPYG |
| Q3 2025 | 78 | $311.0M | BILS, BRK.B, SGOV, SPYG, GOOG |
| Q2 2025 | 81 | $301.0M | BILS, BRK.B, SGOV, TPL, SPYG |
| Q1 2025 | 76 | $293.6M | BILS, BRK.B, SGOV, TPL, SPYG |
| Q4 2024 | 74 | $289.4M | BILS, BRK.B, SGOV, TPL, SPYG |
| Q3 2024 | 72 | $282.1M | BILS, BRK.B, SGOV, TPL, GOOG |
| Q2 2024 | 69 | $263.7M | SGOV, BRK.B, BILS, GOOG, AAPL |
| Q1 2024 | 77 | $267.6M | SGOV, BRK.B, BILS, GOOG, AAPL |