PYA Waltman Capital, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), PYA Waltman Capital, LLC reported 80 stock positions worth $373.2 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 10.5% of the portfolio, followed by Post (POST, 8.7%) and T Rowe PRC Cap Appreciation (TCAF, 8.5%). Compared with Q2 2025, it opened 5 new positions, sold out of 1, added to 35 and reduced 30. The biggest buy was Post (POST, shares +63%) and the biggest sale Ross Stores (ROST, shares −99%).
- Most Recent 13F
- Q2 2026
- Location
- KNOXVILLE, TN
- CIK
- 0001800135
- Portfolio Value
- $373.2M (Q3 2025)
- SEC Filing
- 0001800135-25-000011 ↗ filed Nov 14, 2025
Holdings Value
Holdings 80 stocks · $373.2M
| BRK.B Berkshire Hathaway Inc. Class B | 10.50% | 77,939 | $39.2M | Add +5.3% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 8.69% | 301,544 | $32.4M | Add +63.1% |
| TCAF T Rowe PRC Cap Appreciation | 8.49% | 840,246 | $31.7M | Add +16.2% |
| MKL Markel Group Inc. | 5.83% | 11,376 | $21.7M | Add +2.8% |
| GOOGL Alphabet Inc. Class A | 5.13% | 78,798 | $19.2M | Add +4.3% |
| CEF Sprott Physical Gold and Sil | 4.74% | 482,560 | $17.7M | Reduce -2.2% |
| TDG Transdigm Group Inc. | 4.41% | 12,479 | $16.4M | Add +5.7% |
| HEI.A Heico Corp. Class A | 4.29% | 62,985 | $16.0M | Reduce -0.6% |
| AMZN Amazon.com Inc. | 4.28% | 72,673 | $16.0M | Add +9.4% |
| ROP Roper Technologies Inc. | 3.57% | 26,719 | $13.3M | Add +61.6% |
| DHR Danaher Corp. | 3.47% | 65,298 | $12.9M | Add +26.5% |
| SPGI S&P Global Inc. | 3.17% | 24,333 | $11.8M | Add +3.2% |
| JNJ Johnson & Johnson | 2.17% | 43,721 | $8.1M | Add +0.9% |
| MTN Vail Resorts Inc. | 1.81% | 45,204 | $6.8M | Add +17.4% |
| AVGO Broadcom Inc. | 1.73% | 19,616 | $6.5M | Reduce -10.7% |
| FBTC Fidelity Wise Origin Bitcoin | 1.48% | 55,237 | $5.5M | Add +4.8% |
| ABBV Abbvie Inc. | 1.29% | 20,826 | $4.8M | Add +2.2% |
| NVR NVR Inc. | 1.18% | 547 | $4.4M | Add +1.9% |
| HD Home Depot Inc. | 1.12% | 10,335 | $4.2M | Add +6.2% |
| BLD Topbuild Corp. | 1.09% | 10,401 | $4.1M | Add +66.1% |
| JPM JPMorgan Chase & Co. | 1.06% | 12,570 | $4.0M | Reduce -3.6% |
| VGIT Vanguard Intermediate-Term T | 1.01% | 63,034 | $3.8M | Reduce -4.8% |
| NOMD Nomad Foods Ltd. | 0.96% | 273,251 | $3.6M | Add +12.2% |
| ALL Allstate Corp. | 0.93% | 16,220 | $3.5M | Add +1.0% |
| TXN Texas Instruments Inc. | 0.88% | 17,888 | $3.3M | Reduce -3.6% |
| GBTC Grayscale Bitcoin Trust ETF | 0.85% | 35,344 | $3.2M | Reduce -0.2% |
| PG The Procter & Gamble Co. | 0.85% | 20,559 | $3.2M | Reduce -3.9% |
| AMGN Amgen Inc. | 0.85% | 11,191 | $3.2M | Reduce -10.7% |
| GD General Dynamics Corp. | 0.83% | 9,114 | $3.1M | Add +5.0% |
| FETH Fidelity Ethereum Fund | 0.81% | 73,130 | $3.0M | Add +14.2% |
| LMT Lockheed Martin Corp. | 0.68% | 5,100 | $2.5M | Add +0.8% |
| MSFT Microsoft Corp. | 0.68% | 4,872 | $2.5M | Add +1.1% |
| AAPL Apple Inc. | 0.67% | 9,810 | $2.5M | Reduce -10.8% |
| VGSH Vanguard Short-Term Treasury | 0.65% | 41,470 | $2.4M | Reduce -10.6% |
| ETSY Etsy Inc. | 0.64% | 36,090 | $2.4M | Add +17.0% |
| CVX Chevron Corp. | 0.54% | 13,080 | $2.0M | Reduce -11.9% |
| PEP Pepsico Inc. | 0.49% | 12,948 | $1.8M | Reduce -42.3% |
| TRV The Travelers Cos Inc. | 0.47% | 6,333 | $1.8M | Add +3.2% |
| ETHE Grayscale Ethereum Staking E | 0.47% | 50,772 | $1.7M | Add +0.1% |
| AMT American Tower Corp. | 0.46% | 8,914 | $1.7M | Reduce -21.4% |
| UPS United Parcel Service Class B | 0.41% | 18,363 | $1.5M | Reduce -38.6% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.40% | 14,445 | $1.5M | Reduce -34.9% |
| CSCO Cisco Systems Inc. | 0.39% | 21,230 | $1.5M | Add +2.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.39% | 2,398 | $1.4M | Add +12.9% |
| MCD McDonald's Corp. | 0.37% | 4,590 | $1.4M | Add +4.9% |
| VZ Verizon Communications Inc. | 0.36% | 30,754 | $1.4M | Add +5.3% |
| GLD SPDR Gold Shares | 0.34% | 3,570 | $1.3M | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.33% | 3,731 | $1.2M | Reduce -8.6% |
| APD Air Products & Chemicals Inc. | 0.32% | 4,369 | $1.2M | Add +5.5% |
| NEE Nextera Energy Inc. | 0.25% | 12,444 | $939K | Reduce -23.8% |
| GPC Genuine Parts Co. | 0.25% | 6,649 | $922K | Reduce -19.8% |
| ET Energy Transfer LP | 0.23% | 49,140 | $843K | Reduce -5.5% |
| GE General Electric filed as GE AEROSPACE | 0.22% | 2,730 | $821K | No change |
| AEM Agnico Eagle Mines Ltd. | 0.19% | 4,101 | $691K | Reduce -0.6% |
| SBUX Starbucks Corp. | 0.17% | 7,419 | $628K | Reduce -37.9% |
| XOM Exxon Mobil Corp. | 0.16% | 5,342 | $602K | Add +2.9% |
| LDOS Leidos Holdings Inc. | 0.16% | 3,118 | $589K | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.14% | 5,549 | $509K | Add +0.2% |
| SPXC SPX Technologies Inc. | 0.12% | 2,391 | $447K | No change |
| GOOG Alphabet Inc. Class C | 0.11% | 1,748 | $426K | Reduce -5.6% |
| GEV GE Vernova Inc. | 0.11% | 681 | $419K | No change |
| PAAS Pan American Silver Corp. | 0.10% | 9,962 | $386K | Reduce -3.2% |
| TSLA Tesla Inc. | 0.10% | 843 | $375K | Add +2.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.10% | 535 | $356K | Reduce -5.3% |
| BTC Grayscale Bitcoin Mini ETF | 0.09% | 6,913 | $350K | Reduce -1.1% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.08% | 1,656 | $309K | New |
| BITB Bitwise Bitcoin ETF | 0.08% | 4,716 | $293K | No change |
| ETH Grayscale Ethereum Staking M | 0.08% | 7,483 | $293K | New |
| SO The Southern Co. | 0.07% | 2,676 | $254K | No change |
| SLV iShares Silver Trust | 0.07% | 5,859 | $248K | Reduce -29.0% |
| MSTR Strategy Inc. | 0.07% | 770 | $248K | No change |
| WPM Wheaton Precious Metals Corp. | 0.07% | 2,168 | $242K | Reduce -21.4% |
| META Meta Platforms Inc. Class A | 0.06% | 329 | $242K | Add +2.2% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.06% | 4,995 | $234K | New |
| SAIC Science Applications Inte | 0.06% | 2,318 | $230K | No change |
| FHN First Horizon Corp. | 0.06% | 9,630 | $218K | No change |
| NVDA Nvidia Corp. | 0.06% | 1,107 | $207K | New |
| ROST Ross Stores Inc. | 0.05% | 1,331 | $203K | Reduce -99.0% |
| RF Regions Financial Corp. | 0.05% | 7,669 | $202K | New |
| HL Hecla Mining Co. | 0.04% | 13,678 | $166K | Reduce -2.1% |
Portfolio Sells Q2 2025 → Q3 2025
| ROST Ross Stores Inc. | Reduce -99.0% | 0.05% | −4.98 |
| UPS United Parcel Service Class B | Reduce -38.6% | 0.41% | −0.46 |
| HEI.A Heico Corp. Class A | Reduce -0.6% | 4.29% | −0.43 |
| PEP Pepsico Inc. | Reduce -42.3% | 0.49% | −0.37 |
| AMT American Tower Corp. | Reduce -21.4% | 0.46% | −0.26 |
| TXN Texas Instruments Inc. | Reduce -3.6% | 0.88% | −0.23 |
| TROW T Rowe Price Group Inc. | Reduce -34.9% | 0.40% | −0.22 |
| AMGN Amgen Inc. | Reduce -10.7% | 0.85% | −0.16 |
| SBUX Starbucks Corp. | Reduce -37.9% | 0.17% | −0.15 |
| PG The Procter & Gamble Co. | Reduce -3.9% | 0.85% | −0.14 |
| VGSH Vanguard Short-Term Treasury | Reduce -10.6% | 0.65% | −0.13 |
| VGIT Vanguard Intermediate-Term T | Reduce -4.8% | 1.01% | −0.13 |
| NEE Nextera Energy Inc. | Reduce -23.8% | 0.25% | −0.07 |
| CVX Chevron Corp. | Reduce -11.9% | 0.54% | −0.07 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.06 |
| ET Energy Transfer LP | Reduce -5.5% | 0.23% | −0.05 |
| GPC Genuine Parts Co. | Reduce -19.8% | 0.25% | −0.04 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -8.6% | 0.33% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -3.6% | 1.06% | −0.03 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -0.2% | 0.85% | −0.01 |
| SLV iShares Silver Trust | Reduce -29.0% | 0.07% | −0.01 |
| AVGO Broadcom Inc. | Reduce -10.7% | 1.73% | −0.01 |
| WPM Wheaton Precious Metals Corp. | Reduce -21.4% | 0.07% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -5.3% | 0.10% | −0.01 |
| BTC Grayscale Bitcoin Mini ETF | Reduce -1.1% | 0.09% | −0.00 |
| PAAS Pan American Silver Corp. | Reduce -3.2% | 0.10% | +0.02 |
| GOOG Alphabet Inc. Class C | Reduce -5.6% | 0.11% | +0.02 |
| AAPL Apple Inc. | Reduce -10.8% | 0.67% | +0.02 |
| HL Hecla Mining Co. | Reduce -2.1% | 0.04% | +0.02 |
| AEM Agnico Eagle Mines Ltd. | Reduce -0.6% | 0.19% | +0.04 |
| CEF Sprott Physical Gold and Sil | Reduce -2.2% | 4.74% | +0.47 |
Portfolio Buys Q2 2025 → Q3 2025
| POST Post Holdings Inc. | Add +63.1% | 8.69% | +2.88 |
| GOOGL Alphabet Inc. Class A | Add +4.3% | 5.13% | +1.30 |
| TCAF T Rowe PRC Cap Appreciation | Add +16.2% | 8.49% | +1.14 |
| ROP Roper Technologies Inc. | Add +61.6% | 3.57% | +0.87 |
| DHR Danaher Corp. | Add +26.5% | 3.47% | +0.53 |
| BLD Topbuild Corp. | Add +66.1% | 1.09% | +0.51 |
| FETH Fidelity Ethereum Fund | Add +14.2% | 0.81% | +0.35 |
| JNJ Johnson & Johnson | Add +0.9% | 2.17% | +0.27 |
| ABBV Abbvie Inc. | Add +2.2% | 1.29% | +0.20 |
| ETSY Etsy Inc. | Add +17.0% | 0.64% | +0.20 |
| ETHE Grayscale Ethereum Staking E | Add +0.1% | 0.47% | +0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +5.3% | 10.50% | +0.14 |
| GD General Dynamics Corp. | Add +5.0% | 0.83% | +0.10 |
| HD Home Depot Inc. | Add +6.2% | 1.12% | +0.09 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.08% | +0.08 |
| AMZN Amazon.com Inc. | Add +9.4% | 4.28% | +0.08 |
| ETH Grayscale Ethereum Staking M | New | 0.08% | +0.08 |
| MTN Vail Resorts Inc. | Add +17.4% | 1.81% | +0.07 |
| IREN Iren Ltd. | New | 0.06% | +0.06 |
| NVDA Nvidia Corp. | New | 0.06% | +0.06 |
| RF Regions Financial Corp. | New | 0.05% | +0.05 |
| FBTC Fidelity Wise Origin Bitcoin | Add +4.8% | 1.48% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | Add +12.9% | 0.39% | +0.05 |
| NVR NVR Inc. | Add +1.9% | 1.18% | +0.04 |
| TSLA Tesla Inc. | Add +2.3% | 0.10% | +0.03 |
| LMT Lockheed Martin Corp. | Add +0.8% | 0.68% | +0.01 |
| MCD McDonald's Corp. | Add +4.9% | 0.37% | +0.01 |
| ALL Allstate Corp. | Add +1.0% | 0.93% | +0.00 |
| TRV The Travelers Cos Inc. | Add +3.2% | 0.47% | +0.00 |
| XOM Exxon Mobil Corp. | Add +2.9% | 0.16% | +0.00 |
| VZ Verizon Communications Inc. | Add +5.3% | 0.36% | −0.00 |
| META Meta Platforms Inc. Class A | Add +2.2% | 0.06% | −0.00 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +0.2% | 0.14% | −0.01 |
| MSFT Microsoft Corp. | Add +1.1% | 0.68% | −0.01 |
| APD Air Products & Chemicals Inc. | Add +5.5% | 0.32% | −0.02 |
| CSCO Cisco Systems Inc. | Add +2.1% | 0.39% | −0.03 |
| NOMD Nomad Foods Ltd. | Add +12.2% | 0.96% | −0.23 |
| SPGI S&P Global Inc. | Add +3.2% | 3.17% | −0.41 |
| MKL Markel Group Inc. | Add +2.8% | 5.83% | −0.54 |
| TDG Transdigm Group Inc. | Add +5.7% | 4.41% | −0.76 |
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 |