Pecaut & Co.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), Pecaut & Co. reported 66 stock positions worth $308.0 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 8.9% of the portfolio, followed by SS Spdrb B 3-12M T-Bill ETF (BILS, 8.3%) and Vanguard S/T Corp. Bond ETF (VCSH, 8.0%). Compared with Q4 2025, it opened 3 new positions, sold out of 7, added to 21 and reduced 27. The biggest buy was a new position in Vanguard S/T Corp. Bond ETF (VCSH) and the biggest sale SS Spdrb B 3-12M T-Bill ETF (BILS, shares −45%).
- Most Recent 13F
- Q2 2026
- Location
- SIOUX CITY, IA
- CIK
- 0001597200
- Portfolio Value
- $308.0M (Q1 2026)
- SEC Filing
- 0001398344-26-008869 ↗ filed May 11, 2026
Holdings Value
Holdings 66 stocks · $308.0M
| BRK.B Berkshire Hathaway Inc. Class B | 8.88% | 57,101 | $27.4M | Reduce -2.0% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 8.27% | 256,061 | $25.5M | Reduce -44.5% |
| VCSH Vanguard S/T Corp. Bond ETF | 7.97% | 309,836 | $24.6M | New |
| SGOV iShares 0-3 Month Treasury B | 5.27% | 161,243 | $16.2M | Reduce -35.6% |
| EMXC iShares MSCI Emr MRK Ex Chna | 5.21% | 204,164 | $16.1M | Add +28.9% |
| GOOG Alphabet Inc. Class C | 5.05% | 54,236 | $15.6M | Reduce -10.3% |
| SPYG SS SPDR P S&P 500 Growth ETF | 4.97% | 156,240 | $15.3M | Add +0.9% |
| SPDW Ste STR SPDR PT DW Eu ETF | 4.39% | 295,863 | $13.5M | Add +34.9% |
| VIG Vanguard Dividend Apprec ETF | 4.00% | 57,236 | $12.3M | Reduce -2.1% |
| SPYV SS SPDR P S&P 500 Value ETF | 3.26% | 177,439 | $10.0M | Reduce -6.0% |
| TPL Texas Pacific Land Corp. | 3.18% | 20,605 | $9.8M | No change |
| AAPL Apple Inc. | 2.99% | 36,337 | $9.2M | Reduce -3.4% |
| GRID First TRST Nasd Class Edg Sgiif | 2.65% | 49,962 | $8.2M | Add +1.5% |
| INFL Horizon Kinetics Infl Benef | 2.53% | 149,401 | $7.8M | Add +186.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 2.33% | 10 | $7.2M | No change |
| COST Costco Wholesale Corp. | 2.31% | 7,127 | $7.1M | Add +1.3% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 2.04% | 106,001 | $6.3M | Reduce -3.6% |
| AIRR First Trust Rba American Ind | 1.98% | 54,986 | $6.1M | Add +16.1% |
| AN Autonation Inc. | 1.61% | 25,420 | $5.0M | No change |
| LOW Lowe's Cos Inc. | 1.51% | 19,718 | $4.7M | Reduce -2.1% |
| KNF Knife River Corp. | 1.35% | 50,790 | $4.1M | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 1.07% | 36,071 | $3.3M | Reduce -1.4% |
| SPSM SS SPDR P S&P 600 Small Cap | 1.05% | 66,906 | $3.2M | Reduce -2.5% |
| MSFT Microsoft Corp. | 1.00% | 8,336 | $3.1M | Reduce -22.1% |
| ICE Intercontinental Exchange Inc. | 0.88% | 17,291 | $2.7M | Reduce -0.1% |
| WTM White Mountains Insurance GP | 0.84% | 1,172 | $2.6M | Add +0.4% |
| WBI Waterbridge Infrastruc Class A | 0.76% | 87,500 | $2.3M | Add +31.6% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.73% | 43,937 | $2.2M | Add +24.7% |
| BLDR Builders Firstsource Inc. | 0.72% | 26,865 | $2.2M | Add +37.5% |
| GLDM SPDR Gold Minishares Trust | 0.67% | 22,252 | $2.1M | Add +4.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.65% | 4,608 | $2.0M | Reduce -3.7% |
| VEA Vanguard Ftse Developed ETF | 0.63% | 30,267 | $1.9M | Add +35.8% |
| CASY Casey's General Stores Inc. | 0.61% | 2,600 | $1.9M | Reduce -0.9% |
| SBUX Starbucks Corp. | 0.60% | 20,700 | $1.9M | New |
| BWXT BWX Technologies Inc. | 0.54% | 8,135 | $1.7M | No change |
| AXP American Express Co. | 0.49% | 5,040 | $1.5M | Reduce -0.2% |
| WMT Walmart Inc. | 0.49% | 12,219 | $1.5M | Add +0.5% |
| WPM Wheaton Precious Metals Corp. | 0.49% | 11,550 | $1.5M | No change |
| NVDA Nvidia Corp. | 0.42% | 7,402 | $1.3M | Reduce -17.7% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.41% | 6,441 | $1.3M | Add +1.4% |
| LB Landbridge Co. LLC-A | 0.36% | 15,893 | $1.1M | Reduce -0.6% |
| MSB Mesabi Trust | 0.35% | 33,963 | $1.1M | No change |
| UNP Union Pacific Corp. | 0.35% | 4,381 | $1.1M | Reduce -0.0% |
| URI United Rentals Inc. | 0.33% | 1,403 | $1.0M | No change |
| NRP Natural Resource Partners LP | 0.32% | 8,075 | $977K | Add +3.5% |
| FWONA Liberty Media Corp. Class A | 0.31% | 12,158 | $949K | Add +0.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.28% | 3,345 | $876K | Reduce -1.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.28% | 3,041 | $873K | Add +3.0% |
| ESGV Vanguard ESG US Stock ETF | 0.27% | 7,347 | $825K | Reduce -12.5% |
| TDW Tidewater Inc. | 0.26% | 9,500 | $794K | Reduce -24.0% |
| FND Floor & Decor Holdings Inc. Class A | 0.23% | 14,200 | $721K | No change |
| XSORX Source Capital Inc. | 0.20% | 13,453 | $623K | Add +1.1% |
| HE Hawaiian Electric Inds | 0.19% | 40,000 | $594K | No change |
| NKE Nike Inc. Class B | 0.18% | 10,302 | $544K | No change |
| LXU LSB Industries Inc. | 0.18% | 36,500 | $544K | Reduce -5.2% |
| JNJ Johnson & Johnson | 0.17% | 2,150 | $526K | Reduce -3.2% |
| ESGD iShares Trust iShares ESG Aw | 0.14% | 4,412 | $422K | Add +17.3% |
| PHYS Sprott Physical Gold Trust | 0.10% | 8,700 | $308K | No change |
| RCG Renn Fund Inc. | 0.10% | 93,099 | $305K | Add +8.2% |
| OR Or Royalties Inc. | 0.10% | 8,000 | $304K | New |
| CNI Canadian Natl Railway Co. | 0.09% | 2,684 | $276K | No change |
| ESGU iShares ESG Aware MSCI USA | 0.09% | 1,900 | $269K | Reduce -3.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.08% | 389 | $253K | Reduce -0.3% |
| IWD iShares Russell 1000 Value E | 0.08% | 1,155 | $247K | Reduce -5.9% |
| IWF iShares Russell 1000 Growth | 0.08% | 573 | $244K | No change |
| TFPM Triple Flag Precious Met | 0.08% | 7,000 | $243K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -44.5% | 8.27% | −6.50 |
| SGOV iShares 0-3 Month Treasury B | Reduce -35.6% | 5.27% | −2.84 |
| CIBR First Trust Nasdaq Cybersecu | Sold out | 0.00% | −2.08 |
| USMV iShares MSCI USA Min Vol Fac | Sold out | 0.00% | −1.28 |
| GOOG Alphabet Inc. Class C | Reduce -10.3% | 5.05% | −1.07 |
| MSFT Microsoft Corp. | Reduce -22.1% | 1.00% | −0.67 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.0% | 8.88% | −0.57 |
| AAPL Apple Inc. | Reduce -3.4% | 2.99% | −0.30 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -6.0% | 3.26% | −0.20 |
| SHV iShares 0-1 Year Treasury Bo | Sold out | 0.00% | −0.16 |
| VIG Vanguard Dividend Apprec ETF | Reduce -2.1% | 4.00% | −0.15 |
| NVDA Nvidia Corp. | Reduce -17.7% | 0.42% | −0.12 |
| AXP American Express Co. | Reduce -0.2% | 0.49% | −0.11 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -3.7% | 0.65% | −0.10 |
| CINF Cincinnati Financial Corp. | Sold out | 0.00% | −0.09 |
| IHAK iShares Cybersecurity & Tech | Sold out | 0.00% | −0.07 |
| RLI Rli Corp. | Sold out | 0.00% | −0.07 |
| ESGV Vanguard ESG US Stock ETF | Reduce -12.5% | 0.27% | −0.06 |
| LOW Lowe's Cos Inc. | Reduce -2.1% | 1.51% | −0.05 |
| SJT San Juan Basin Royalty TR | Sold out | 0.00% | −0.05 |
| ICE Intercontinental Exchange Inc. | Reduce -0.1% | 0.88% | −0.02 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -3.6% | 2.04% | −0.02 |
| ESGU iShares ESG Aware MSCI USA | Reduce -3.1% | 0.09% | −0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -1.4% | 1.07% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.3% | 0.08% | −0.00 |
| IWD iShares Russell 1000 Value E | Reduce -5.9% | 0.08% | −0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -1.9% | 0.28% | +0.00 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -2.5% | 1.05% | +0.01 |
| UNP Union Pacific Corp. | Reduce -0.0% | 0.35% | +0.02 |
| JNJ Johnson & Johnson | Reduce -3.2% | 0.17% | +0.02 |
| TDW Tidewater Inc. | Reduce -24.0% | 0.26% | +0.05 |
| LXU LSB Industries Inc. | Reduce -5.2% | 0.18% | +0.07 |
| LB Landbridge Co. LLC-A | Reduce -0.6% | 0.36% | +0.10 |
| CASY Casey's General Stores Inc. | Reduce -0.9% | 0.61% | +0.15 |
Portfolio Buys Q4 2025 → Q1 2026
| VCSH Vanguard S/T Corp. Bond ETF | New | 7.97% | +7.97 |
| INFL Horizon Kinetics Infl Benef | Add +186.5% | 2.53% | +1.78 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +28.9% | 5.21% | +1.50 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +34.9% | 4.39% | +1.24 |
| SBUX Starbucks Corp. | New | 0.60% | +0.60 |
| AIRR First Trust Rba American Ind | Add +16.1% | 1.98% | +0.48 |
| COST Costco Wholesale Corp. | Add +1.3% | 2.31% | +0.35 |
| WBI Waterbridge Infrastruc Class A | Add +31.6% | 0.76% | +0.33 |
| GRID First TRST Nasd Class Edg Sgiif | Add +1.5% | 2.65% | +0.22 |
| VEA Vanguard Ftse Developed ETF | Add +35.8% | 0.63% | +0.18 |
| JMST JPM Ultra-Short Muni Income | Add +24.7% | 0.73% | +0.15 |
| OR Or Royalties Inc. | New | 0.10% | +0.10 |
| GLDM SPDR Gold Minishares Trust | Add +4.1% | 0.67% | +0.08 |
| BLDR Builders Firstsource Inc. | Add +37.5% | 0.72% | +0.07 |
| WMT Walmart Inc. | Add +0.5% | 0.49% | +0.06 |
| NRP Natural Resource Partners LP | Add +3.5% | 0.32% | +0.05 |
| WTM White Mountains Insurance GP | Add +0.4% | 0.84% | +0.05 |
| RCG Renn Fund Inc. | Add +8.2% | 0.10% | +0.03 |
| ESGD iShares Trust iShares ESG Aw | Add +17.3% | 0.14% | +0.02 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +1.4% | 0.41% | +0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +3.0% | 0.28% | +0.01 |
| XSORX Source Capital Inc. | Add +1.1% | 0.20% | +0.01 |
| FWONA Liberty Media Corp. Class A | Add +0.4% | 0.31% | −0.04 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +0.9% | 4.97% | −0.36 |
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 |