Pecaut & Co.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 11, 2025), Pecaut & Co. reported 74 stock positions worth $289.4 million. Its top holding was SS Spdrb B 3-12M T-Bill ETF (BILS) at 12.6% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 10.3%) and iShares 0-3 Month Treasury B (SGOV, 9.0%). Compared with Q3 2024, it opened 6 new positions, sold out of 4, added to 26 and reduced 27. The biggest buy was SS Spdrb B 3-12M T-Bill ETF (BILS, shares +10%) and the biggest sale an exit from Occidental Petroleum (OXY).
- Most Recent 13F
- Q2 2026
- Location
- SIOUX CITY, IA
- CIK
- 0001597200
- Portfolio Value
- $289.4M (Q4 2024)
- SEC Filing
- 0001398344-25-002396 ↗ filed Feb 11, 2025
Holdings Value
Holdings 74 stocks · $289.4M
| BILS SS Spdrb B 3-12M T-Bill ETF | 12.57% | 366,783 | $36.4M | Add +10.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 10.28% | 65,617 | $29.7M | Reduce -0.8% |
| SGOV iShares 0-3 Month Treasury B | 8.98% | 258,986 | $26.0M | Add +9.7% |
| TPL Texas Pacific Land Corp. | 5.39% | 14,105 | $15.6M | Reduce -9.3% |
| SPYG SS SPDR P S&P 500 Growth ETF | 4.57% | 150,603 | $13.2M | Add +4.1% |
| GOOG Alphabet Inc. Class C | 4.44% | 67,502 | $12.9M | Reduce -8.6% |
| AAPL Apple Inc. | 3.74% | 43,185 | $10.8M | Reduce -7.6% |
| VIG Vanguard Dividend Apprec ETF | 3.39% | 50,102 | $9.8M | Add +6.9% |
| BRK.A Berkshire Hathaway Inc. Class A | 3.06% | 13 | $8.9M | Add +18.2% |
| SPYV SS SPDR P S&P 500 Value ETF | 3.03% | 171,416 | $8.8M | Add +7.7% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 2.82% | 149,340 | $8.2M | Add +7.3% |
| PAVE Global X US Infrastructure | 2.71% | 194,141 | $7.8M | Add +4.9% |
| COST Costco Wholesale Corp. | 2.51% | 7,934 | $7.3M | Reduce -11.5% |
| EMXC iShares MSCI Emr MRK Ex Chna | 2.50% | 130,423 | $7.2M | Add +8.5% |
| KNF Knife River Corp. | 2.06% | 58,575 | $6.0M | Add +0.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 2.03% | 171,797 | $5.9M | Add +9.1% |
| LOW Lowe's Cos Inc. | 1.82% | 21,352 | $5.3M | Reduce -5.7% |
| MSFT Microsoft Corp. | 1.62% | 11,142 | $4.7M | Add +0.3% |
| AN Autonation Inc. | 1.61% | 27,520 | $4.7M | Reduce -4.9% |
| SPSM SS SPDR P S&P 600 Small Cap | 1.47% | 94,803 | $4.3M | Add +14.1% |
| CIBR First Trust Nasdaq Cybersecu | 1.43% | 65,026 | $4.1M | Add +6.4% |
| CP Canadian Pacific Kansas City | 1.10% | 44,072 | $3.2M | Reduce -6.0% |
| NVDA Nvidia Corp. | 1.04% | 22,422 | $3.0M | Reduce -6.2% |
| NKE Nike Inc. Class B | 1.04% | 39,762 | $3.0M | Reduce -9.6% |
| GRID First TRST Nasd Class Edg Sgiif | 0.99% | 24,126 | $2.9M | Add +24.1% |
| ICE Intercontinental Exchange Inc. | 0.98% | 19,050 | $2.8M | Reduce -5.9% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.92% | 29,093 | $2.7M | Add +47.3% |
| FND Floor & Decor Holdings Inc. Class A | 0.79% | 22,950 | $2.3M | Reduce -3.0% |
| WTM White Mountains Insurance GP | 0.78% | 1,167 | $2.3M | No change |
| INFL Horizon Kinetics Infl Benef | 0.63% | 48,150 | $1.8M | No change |
| ORCL Oracle Corp. | 0.55% | 9,577 | $1.6M | Reduce -17.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.54% | 3,773 | $1.5M | Reduce -0.9% |
| AXP American Express Co. | 0.53% | 5,169 | $1.5M | No change |
| WMT Walmart Inc. | 0.40% | 12,927 | $1.2M | Reduce -5.2% |
| URI United Rentals Inc. | 0.40% | 1,652 | $1.2M | Reduce -15.4% |
| UNP Union Pacific Corp. | 0.38% | 4,862 | $1.1M | No change |
| BWXT BWX Technologies Inc. | 0.37% | 9,635 | $1.1M | Reduce -4.9% |
| FWONA Liberty Media Corp. Class A | 0.36% | 12,408 | $1.0M | Reduce -3.9% |
| VEA Vanguard Ftse Developed ETF | 0.35% | 20,964 | $1.0M | Add +9.3% |
| LB Landbridge Co. LLC-A | 0.33% | 15,000 | $969K | Reduce -3.2% |
| BLDR Builders Firstsource Inc. | 0.33% | 6,735 | $963K | Reduce -1.5% |
| MSB Mesabi Trust | 0.32% | 32,843 | $918K | Add +0.2% |
| ESGV Vanguard ESG US Stock ETF | 0.30% | 8,145 | $854K | Add +62.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.29% | 5,008 | $848K | Add +4.0% |
| TDW Tidewater Inc. | 0.28% | 15,000 | $821K | Reduce -48.3% |
| NE Noble Corp. PLC | 0.27% | 24,528 | $770K | Reduce -17.4% |
| NRP Natural Resource Partners LP | 0.26% | 6,800 | $755K | New |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.25% | 2,728 | $720K | Reduce -0.2% |
| JNJ Johnson & Johnson | 0.24% | 4,711 | $681K | Add +0.5% |
| XSORX Source Capital Inc. | 0.22% | 14,386 | $626K | Reduce -17.6% |
| WPM Wheaton Precious Metals Corp. | 0.21% | 11,050 | $621K | No change |
| ACI Albertsons Cos Inc. Class A | 0.21% | 30,400 | $597K | New |
| SHV iShares 0-1 Year Treasury Bo | 0.21% | 5,393 | $594K | No change |
| GLDM SPDR Gold Minishares Trust | 0.20% | 11,364 | $591K | Add +8.5% |
| CASY Casey's General Stores Inc. | 0.20% | 1,425 | $565K | No change |
| VB Vanguard Most SM-Cap ETF-Usd | 0.19% | 2,297 | $552K | Add +1.2% |
| TSLA Tesla Inc. | 0.12% | 825 | $333K | No change |
| RLI Rli Corp. | 0.11% | 1,992 | $328K | Add +0.1% |
| BOC Boston Omaha Corp. Class A | 0.10% | 20,900 | $296K | Reduce -38.4% |
| LXU LSB Industries Inc. | 0.10% | 38,500 | $292K | Add +220.8% |
| CNI Canadian Natl Railway Co. | 0.10% | 2,850 | $289K | No change |
| ESGD iShares Trust iShares ESG Aw | 0.10% | 3,631 | $276K | Add +40.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.09% | 459 | $269K | No change |
| ELV Elevance Health Inc. | 0.09% | 700 | $258K | New |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.09% | 6,500 | $249K | No change |
| CINF Cincinnati Financial Corp. | 0.08% | 1,653 | $238K | No change |
| UFCS United Fire Group Inc. | 0.08% | 8,200 | $233K | Reduce -19.6% |
| IHAK iShares Cybersecurity & Tech | 0.08% | 4,781 | $233K | Reduce -1.8% |
| VAL Valaris Ltd. | 0.08% | 5,000 | $221K | No change |
| PGR Progressive Corp. | 0.07% | 900 | $216K | No change |
| ADP Automatic Data Processing | 0.07% | 700 | $205K | New |
| IWF iShares Russell 1000 Growth | 0.07% | 504 | $202K | New |
| RCG Renn Fund Inc. | 0.07% | 86,050 | $192K | No change |
| SJT San Juan Basin Royalty TR | 0.01% | 10,000 | $38K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $328K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | 11,919 | $328K | Reduce -37.8% |
Total filed on the 13F, all lines: $289.7M.
Portfolio Sells Q3 2024 → Q4 2024
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.65 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.8% | 10.28% | −0.52 |
| TDW Tidewater Inc. | Reduce -48.3% | 0.28% | −0.45 |
| LOW Lowe's Cos Inc. | Reduce -5.7% | 1.82% | −0.35 |
| NKE Nike Inc. Class B | Reduce -9.6% | 1.04% | −0.34 |
| CP Canadian Pacific Kansas City | Reduce -6.0% | 1.10% | −0.32 |
| COST Costco Wholesale Corp. | Reduce -11.5% | 2.51% | −0.30 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -3.0% | 0.79% | −0.25 |
| AN Autonation Inc. | Reduce -4.9% | 1.61% | −0.22 |
| ICE Intercontinental Exchange Inc. | Reduce -5.9% | 0.98% | −0.17 |
| URI United Rentals Inc. | Reduce -15.4% | 0.40% | −0.16 |
| ORCL Oracle Corp. | Reduce -17.1% | 0.55% | −0.15 |
| JEF Jefferies Financial Group Inc. | Sold out | 0.00% | −0.14 |
| BLDR Builders Firstsource Inc. | Reduce -1.5% | 0.33% | −0.14 |
| AAPL Apple Inc. | Reduce -7.6% | 3.74% | −0.12 |
| NE Noble Corp. PLC | Reduce -17.4% | 0.27% | −0.11 |
| BOC Boston Omaha Corp. Class A | Reduce -38.4% | 0.10% | −0.08 |
| PHYS Sprott Physical Gold Trust | Sold out | 0.00% | −0.07 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.07 |
| XSORX Source Capital Inc. | Reduce -17.6% | 0.22% | −0.06 |
| BWXT BWX Technologies Inc. | Reduce -4.9% | 0.37% | −0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.2% | 0.25% | −0.01 |
| IHAK iShares Cybersecurity & Tech | Reduce -1.8% | 0.08% | −0.00 |
| UFCS United Fire Group Inc. | Reduce -19.6% | 0.08% | +0.00 |
| NVDA Nvidia Corp. | Reduce -6.2% | 1.04% | +0.01 |
| WMT Walmart Inc. | Reduce -5.2% | 0.40% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.9% | 0.54% | +0.02 |
| FWONA Liberty Media Corp. Class A | Reduce -3.9% | 0.36% | +0.03 |
| GOOG Alphabet Inc. Class C | Reduce -8.6% | 4.44% | +0.07 |
| LB Landbridge Co. LLC-A | Reduce -3.2% | 0.33% | +0.12 |
| TPL Texas Pacific Land Corp. | Reduce -9.3% | 5.39% | +0.52 |
Portfolio Buys Q3 2024 → Q4 2024
| BILS SS Spdrb B 3-12M T-Bill ETF | Add +10.3% | 12.57% | +0.83 |
| SGOV iShares 0-3 Month Treasury B | Add +9.7% | 8.98% | +0.55 |
| BRK.A Berkshire Hathaway Inc. Class A | Add +18.2% | 3.06% | +0.36 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +4.1% | 4.57% | +0.32 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +47.3% | 0.92% | +0.28 |
| NRP Natural Resource Partners LP | New | 0.26% | +0.26 |
| ACI Albertsons Cos Inc. Class A | New | 0.21% | +0.21 |
| KNF Knife River Corp. | Add +0.1% | 2.06% | +0.20 |
| CIBR First Trust Nasdaq Cybersecu | Add +6.4% | 1.43% | +0.14 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +14.1% | 1.47% | +0.13 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +7.3% | 2.82% | +0.12 |
| GRID First TRST Nasd Class Edg Sgiif | Add +24.1% | 0.99% | +0.12 |
| ESGV Vanguard ESG US Stock ETF | Add +62.1% | 0.30% | +0.11 |
| VIG Vanguard Dividend Apprec ETF | Add +6.9% | 3.39% | +0.10 |
| ELV Elevance Health Inc. | New | 0.09% | +0.09 |
| ADP Automatic Data Processing | New | 0.07% | +0.07 |
| IWF iShares Russell 1000 Growth | New | 0.07% | +0.07 |
| LXU LSB Industries Inc. | Add +220.8% | 0.10% | +0.07 |
| MSB Mesabi Trust | Add +0.2% | 0.32% | +0.06 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +7.7% | 3.03% | +0.05 |
| ESGD iShares Trust iShares ESG Aw | Add +40.6% | 0.10% | +0.02 |
| SJT San Juan Basin Royalty TR | New | 0.01% | +0.01 |
| PAVE Global X US Infrastructure | Add +4.9% | 2.71% | +0.01 |
| GLDM SPDR Gold Minishares Trust | Add +8.5% | 0.20% | +0.01 |
| RLI Rli Corp. | Add +0.1% | 0.11% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +1.2% | 0.19% | −0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +4.0% | 0.29% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Add +9.3% | 0.35% | −0.01 |
| JNJ Johnson & Johnson | Add +0.5% | 0.24% | −0.03 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +9.1% | 2.03% | −0.07 |
| MSFT Microsoft Corp. | Add +0.3% | 1.62% | −0.07 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +8.5% | 2.50% | −0.10 |
Notes & Other Activity Q3 2024 → Q4 2024
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Reduce -37.8% | 11,919 | $328K |
| SKYH.WS Yellowstone Acquisit A -CW25 | *W EXP 01/25/202 | Sold out | 10,000 | $23Kbefore exit |
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 |