PYA Waltman Capital, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), PYA Waltman Capital, LLC reported 76 stock positions worth $347.4 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 10.4% of the portfolio, followed by T Rowe PRC Cap Appreciation (TCAF, 7.3%) and Markel (MKL, 6.4%). Compared with Q1 2025, it opened 3 new positions, sold out of 2, added to 48 and reduced 13. The biggest buy was Heico Class A (HEI.A, shares +3%) and the biggest sale Berkshire Hathaway Class B (BRK.B, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- KNOXVILLE, TN
- CIK
- 0001800135
- Portfolio Value
- $347.4M (Q2 2025)
- SEC Filing
- 0001800135-25-000008 ↗ filed Aug 14, 2025
Holdings Value
Holdings 76 stocks · $347.4M
| BRK.B Berkshire Hathaway Inc. Class B | 10.36% | 74,053 | $36.0M | Reduce -1.1% |
| TCAF T Rowe PRC Cap Appreciation | 7.35% | 723,196 | $25.5M | Add +2.9% |
| MKL Markel Group Inc. | 6.37% | 11,071 | $22.1M | Add +2.8% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 5.80% | 184,875 | $20.2M | Add +6.6% |
| TDG Transdigm Group Inc. | 5.17% | 11,807 | $18.0M | Add +3.7% |
| ROST Ross Stores Inc. | 5.03% | 136,977 | $17.5M | Add +5.2% |
| HEI.A Heico Corp. Class A | 4.72% | 63,351 | $16.4M | Add +2.7% |
| CEF Sprott Physical Gold and Sil | 4.27% | 493,250 | $14.8M | Reduce -1.2% |
| AMZN Amazon.com Inc. | 4.20% | 66,447 | $14.6M | Add +5.8% |
| GOOGL Alphabet Inc. Class A | 3.83% | 75,561 | $13.3M | Add +9.3% |
| SPGI S&P Global Inc. | 3.58% | 23,581 | $12.4M | Add +5.1% |
| DHR Danaher Corp. | 2.94% | 51,610 | $10.2M | Add +20.1% |
| ROP Roper Technologies Inc. | 2.70% | 16,532 | $9.4M | Add +28.7% |
| JNJ Johnson & Johnson | 1.91% | 43,322 | $6.6M | Add +6.0% |
| AVGO Broadcom Inc. | 1.74% | 21,971 | $6.1M | Reduce -0.2% |
| MTN Vail Resorts Inc. | 1.74% | 38,521 | $6.1M | Add +9.4% |
| FBTC Fidelity Wise Origin Bitcoin | 1.43% | 52,688 | $5.0M | Add +4.9% |
| NOMD Nomad Foods Ltd. | 1.19% | 243,652 | $4.1M | Add +4.9% |
| NVR NVR Inc. | 1.14% | 537 | $4.0M | Add +8.3% |
| VGIT Vanguard Intermediate-Term T | 1.14% | 66,227 | $4.0M | Reduce -2.1% |
| TXN Texas Instruments Inc. | 1.11% | 18,550 | $3.9M | Add +10.6% |
| ABBV Abbvie Inc. | 1.09% | 20,375 | $3.8M | Add +10.1% |
| JPM JPMorgan Chase & Co. | 1.09% | 13,039 | $3.8M | Add +5.0% |
| HD Home Depot Inc. | 1.03% | 9,735 | $3.6M | Add +7.4% |
| AMGN Amgen Inc. | 1.01% | 12,527 | $3.5M | Add +10.4% |
| PG The Procter & Gamble Co. | 0.98% | 21,403 | $3.4M | Add +14.7% |
| ALL Allstate Corp. | 0.93% | 16,065 | $3.2M | Add +5.8% |
| UPS United Parcel Service Class B | 0.87% | 29,930 | $3.0M | Add +19.9% |
| GBTC Grayscale Bitcoin Trust ETF | 0.86% | 35,415 | $3.0M | Reduce -1.2% |
| PEP Pepsico Inc. | 0.85% | 22,453 | $3.0M | Add +23.2% |
| VGSH Vanguard Short-Term Treasury | 0.79% | 46,389 | $2.7M | Add +2.0% |
| GD General Dynamics Corp. | 0.73% | 8,679 | $2.5M | Add +8.2% |
| AMT American Tower Corp. | 0.72% | 11,341 | $2.5M | Add +11.2% |
| MSFT Microsoft Corp. | 0.69% | 4,821 | $2.4M | Add +4.7% |
| LMT Lockheed Martin Corp. | 0.67% | 5,059 | $2.3M | Add +11.7% |
| AAPL Apple Inc. | 0.65% | 10,991 | $2.3M | Add +0.1% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.62% | 22,175 | $2.1M | Add +24.3% |
| CVX Chevron Corp. | 0.61% | 14,856 | $2.1M | Add +4.1% |
| BLD Topbuild Corp. | 0.58% | 6,262 | $2.0M | Add +3.9% |
| TRV The Travelers Cos Inc. | 0.47% | 6,136 | $1.6M | Add +10.3% |
| FETH Fidelity Ethereum Fund | 0.46% | 64,022 | $1.6M | Add +8.8% |
| ETSY Etsy Inc. | 0.45% | 30,848 | $1.5M | Add +4.0% |
| CSCO Cisco Systems Inc. | 0.42% | 20,802 | $1.4M | Add +8.5% |
| MCD McDonald's Corp. | 0.37% | 4,375 | $1.3M | Add +7.8% |
| VZ Verizon Communications Inc. | 0.36% | 29,218 | $1.3M | Add +5.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.36% | 4,081 | $1.2M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.34% | 2,123 | $1.2M | Reduce -0.5% |
| APD Air Products & Chemicals Inc. | 0.34% | 4,140 | $1.2M | Add +14.4% |
| NEE Nextera Energy Inc. | 0.33% | 16,319 | $1.1M | Add +14.7% |
| SBUX Starbucks Corp. | 0.32% | 11,941 | $1.1M | Add +14.5% |
| GLD SPDR Gold Shares | 0.31% | 3,570 | $1.1M | No change |
| ETHE Grayscale Ethereum Staking E | 0.30% | 50,696 | $1.1M | Add +0.2% |
| GPC Genuine Parts Co. | 0.29% | 8,294 | $1.0M | Add +15.4% |
| ET Energy Transfer LP | 0.27% | 51,983 | $942K | Reduce -14.3% |
| GE General Electric filed as GE AEROSPACE | 0.20% | 2,730 | $703K | No change |
| XOM Exxon Mobil Corp. | 0.16% | 5,191 | $560K | Reduce -23.8% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.15% | 5,537 | $508K | Add +0.2% |
| LDOS Leidos Holdings Inc. | 0.14% | 3,118 | $492K | No change |
| AEM Agnico Eagle Mines Ltd. | 0.14% | 4,125 | $491K | Reduce -0.7% |
| SPXC SPX Technologies Inc. | 0.12% | 2,391 | $401K | No change |
| GEV GE Vernova Inc. | 0.10% | 681 | $360K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.10% | 565 | $349K | Add +5.6% |
| BTC Grayscale Bitcoin Mini ETF | 0.10% | 6,991 | $334K | Reduce -6.7% |
| GOOG Alphabet Inc. Class C | 0.09% | 1,851 | $328K | Reduce -1.1% |
| MSTR Strategy Inc. filed as MICROSTRATEGY INC | 0.09% | 770 | $311K | No change |
| PAAS Pan American Silver Corp. | 0.08% | 10,296 | $292K | Reduce -6.5% |
| BITB Bitwise Bitcoin ETF | 0.08% | 4,716 | $276K | No change |
| SLV iShares Silver Trust | 0.08% | 8,248 | $271K | No change |
| TSLA Tesla Inc. | 0.08% | 824 | $262K | New |
| SAIC Science Applications Inte | 0.08% | 2,318 | $261K | No change |
| WPM Wheaton Precious Metals Corp. | 0.07% | 2,760 | $248K | Reduce -4.8% |
| SO The Southern Co. | 0.07% | 2,676 | $246K | No change |
| META Meta Platforms Inc. Class A | 0.07% | 322 | $238K | New |
| PNFP Pinnacle Financial Partners | 0.06% | 2,000 | $221K | No change |
| FHN First Horizon Corp. | 0.06% | 9,630 | $204K | New |
| HL Hecla Mining Co. | 0.02% | 13,978 | $84K | Add +26.2% |
Portfolio Sells Q1 2025 → Q2 2025
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.1% | 10.36% | −2.18 |
| CEF Sprott Physical Gold and Sil | Reduce -1.2% | 4.27% | −0.18 |
| VGIT Vanguard Intermediate-Term T | Reduce -2.1% | 1.14% | −0.12 |
| XOM Exxon Mobil Corp. | Reduce -23.8% | 0.16% | −0.09 |
| ET Energy Transfer LP | Reduce -14.3% | 0.27% | −0.08 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −0.08 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.08 |
| PAAS Pan American Silver Corp. | Reduce -6.5% | 0.08% | −0.01 |
| AEM Agnico Eagle Mines Ltd. | Reduce -0.7% | 0.14% | −0.00 |
| WPM Wheaton Precious Metals Corp. | Reduce -4.8% | 0.07% | +0.00 |
| GOOG Alphabet Inc. Class C | Reduce -1.1% | 0.09% | +0.00 |
| BTC Grayscale Bitcoin Mini ETF | Reduce -6.7% | 0.10% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.5% | 0.34% | +0.02 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -1.2% | 0.86% | +0.13 |
| AVGO Broadcom Inc. | Reduce -0.2% | 1.74% | +0.58 |
Portfolio Buys Q1 2025 → Q2 2025
| HEI.A Heico Corp. Class A | Add +2.7% | 4.72% | +0.63 |
| GOOGL Alphabet Inc. Class A | Add +9.3% | 3.83% | +0.47 |
| AMZN Amazon.com Inc. | Add +5.8% | 4.20% | +0.44 |
| ROP Roper Technologies Inc. | Add +28.7% | 2.70% | +0.32 |
| FBTC Fidelity Wise Origin Bitcoin | Add +4.9% | 1.43% | +0.29 |
| TDG Transdigm Group Inc. | Add +3.7% | 5.17% | +0.22 |
| TCAF T Rowe PRC Cap Appreciation | Add +2.9% | 7.35% | +0.21 |
| DHR Danaher Corp. | Add +20.1% | 2.94% | +0.16 |
| TXN Texas Instruments Inc. | Add +10.6% | 1.11% | +0.16 |
| MSFT Microsoft Corp. | Add +4.7% | 0.69% | +0.15 |
| JPM JPMorgan Chase & Co. | Add +5.0% | 1.09% | +0.13 |
| FETH Fidelity Ethereum Fund | Add +8.8% | 0.46% | +0.13 |
| TROW T Rowe Price Group Inc. | Add +24.3% | 0.62% | +0.10 |
| TSLA Tesla Inc. | New | 0.08% | +0.08 |
| META Meta Platforms Inc. Class A | New | 0.07% | +0.07 |
| ETHE Grayscale Ethereum Staking E | Add +0.2% | 0.30% | +0.06 |
| FHN First Horizon Corp. | New | 0.06% | +0.06 |
| CSCO Cisco Systems Inc. | Add +8.5% | 0.42% | +0.04 |
| GD General Dynamics Corp. | Add +8.2% | 0.73% | +0.04 |
| LMT Lockheed Martin Corp. | Add +11.7% | 0.67% | +0.04 |
| MKL Markel Group Inc. | Add +2.8% | 6.37% | +0.03 |
| AMT American Tower Corp. | Add +11.2% | 0.72% | +0.02 |
| GPC Genuine Parts Co. | Add +15.4% | 0.29% | +0.02 |
| NVR NVR Inc. | Add +8.3% | 1.14% | +0.01 |
| TRV The Travelers Cos Inc. | Add +10.3% | 0.47% | +0.01 |
| NEE Nextera Energy Inc. | Add +14.7% | 0.33% | +0.01 |
| UPS United Parcel Service Class B | Add +19.9% | 0.87% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +5.6% | 0.10% | +0.01 |
| BLD Topbuild Corp. | Add +3.9% | 0.58% | +0.01 |
| ETSY Etsy Inc. | Add +4.0% | 0.45% | +0.01 |
| HL Hecla Mining Co. | Add +26.2% | 0.02% | +0.00 |
| APD Air Products & Chemicals Inc. | Add +14.4% | 0.34% | +0.00 |
| SPGI S&P Global Inc. | Add +5.1% | 3.58% | −0.00 |
| PEP Pepsico Inc. | Add +23.2% | 0.85% | −0.01 |
| SBUX Starbucks Corp. | Add +14.5% | 0.32% | −0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +0.2% | 0.15% | −0.01 |
| HD Home Depot Inc. | Add +7.4% | 1.03% | −0.02 |
| PG The Procter & Gamble Co. | Add +14.7% | 0.98% | −0.02 |
| MTN Vail Resorts Inc. | Add +9.4% | 1.74% | −0.03 |
| MCD McDonald's Corp. | Add +7.8% | 0.37% | −0.03 |
| VZ Verizon Communications Inc. | Add +5.4% | 0.36% | −0.03 |
| VGSH Vanguard Short-Term Treasury | Add +2.0% | 0.79% | −0.05 |
| ALL Allstate Corp. | Add +5.8% | 0.93% | −0.06 |
| AMGN Amgen Inc. | Add +10.4% | 1.01% | −0.10 |
| AAPL Apple Inc. | Add +0.1% | 0.65% | −0.12 |
| ABBV Abbvie Inc. | Add +10.1% | 1.09% | −0.13 |
| CVX Chevron Corp. | Add +4.1% | 0.61% | −0.14 |
| ROST Ross Stores Inc. | Add +5.2% | 5.03% | −0.20 |
| JNJ Johnson & Johnson | Add +6.0% | 1.91% | −0.23 |
| NOMD Nomad Foods Ltd. | Add +4.9% | 1.19% | −0.24 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 67 | $420.6M | BRK.B, TCAF, POST, AMZN, GOOGL |
| Q1 2026 | 67 | $360.7M | BRK.B, POST, TCAF, MKL, GOOGL |
| Q4 2025 | 75 | $372.2M | TCAF, BRK.B, POST, MKL, GOOGL |
| Q3 2025 | 80 | $373.2M | BRK.B, POST, TCAF, MKL, GOOGL |
| Q2 2025 | 76 | $347.4M | BRK.B, TCAF, MKL, POST, TDG |
| Q1 2025 | 75 | $318.1M | BRK.B, TCAF, POST, MKL, ROST |
| Q4 2024 | 78 | $310.4M | BRK.B, TCAF, ROST, MKL, POST |
| Q3 2024 | 73 | $306.0M | BRK.B, ROST, TCAF, POST, MKL |
| Q2 2024 | 66 | $272.3M | BRK.B, ROST, TCAF, MKL, POST |
| Q1 2024 | 66 | $269.6M | BRK.B, ROST, TDG, TCAF, MKL |