PYA Waltman Capital, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), PYA Waltman Capital, LLC reported 75 stock positions worth $372.2 million. Its top holding was T Rowe PRC Cap Appreciation (TCAF) at 11.3% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 10.3%) and Post (POST, 7.3%). Compared with Q3 2025, it opened 3 new positions, sold out of 8, added to 18 and reduced 42. The biggest buy was T Rowe PRC Cap Appreciation (TCAF, shares +30%) and the biggest sale Roper Technologies (ROP, shares −41%).
- Most Recent 13F
- Q2 2026
- Location
- KNOXVILLE, TN
- CIK
- 0001800135
- Portfolio Value
- $372.2M (Q4 2025)
- SEC Filing
- 0001800135-26-000001 ↗ filed Feb 13, 2026
Holdings Value
Holdings 75 stocks · $372.2M
| TCAF T Rowe PRC Cap Appreciation | 11.25% | 1,095,812 | $41.9M | Add +30.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 10.32% | 76,419 | $38.4M | Reduce -1.9% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 7.25% | 272,533 | $27.0M | Reduce -9.6% |
| MKL Markel Group Inc. | 6.44% | 11,154 | $24.0M | Reduce -1.9% |
| GOOGL Alphabet Inc. Class A | 6.31% | 75,071 | $23.5M | Reduce -4.7% |
| CEF Sprott Physical Gold and Sil | 4.42% | 359,334 | $16.5M | Reduce -25.5% |
| TDG Transdigm Group Inc. | 4.37% | 12,233 | $16.3M | Reduce -2.0% |
| AMZN Amazon.com Inc. | 4.37% | 70,417 | $16.3M | Reduce -3.1% |
| HEI.A Heico Corp. Class A | 4.14% | 61,110 | $15.4M | Reduce -3.0% |
| DHR Danaher Corp. | 3.97% | 64,624 | $14.8M | Reduce -1.0% |
| SPGI S&P Global Inc. | 3.68% | 26,184 | $13.7M | Add +7.6% |
| JNJ Johnson & Johnson | 2.32% | 41,784 | $8.6M | Reduce -4.4% |
| ROP Roper Technologies Inc. | 1.89% | 15,782 | $7.0M | Reduce -40.9% |
| AVGO Broadcom Inc. | 1.50% | 16,123 | $5.6M | Reduce -17.8% |
| NOMD Nomad Foods Ltd. | 1.46% | 433,979 | $5.4M | Add +58.8% |
| ABBV Abbvie Inc. | 1.26% | 20,606 | $4.7M | Reduce -1.1% |
| FBTC Fidelity Wise Origin Bitcoin | 1.21% | 59,174 | $4.5M | Add +7.1% |
| AMGN Amgen Inc. | 1.21% | 13,721 | $4.5M | Add +22.6% |
| MTN Vail Resorts Inc. | 1.14% | 31,956 | $4.2M | Reduce -29.3% |
| UPS United Parcel Service Class B | 1.11% | 41,739 | $4.1M | Add +127.3% |
| BLD Topbuild Corp. | 1.11% | 9,913 | $4.1M | Reduce -4.7% |
| JPM JPMorgan Chase & Co. | 1.10% | 12,752 | $4.1M | Add +1.4% |
| TXN Texas Instruments Inc. | 1.07% | 23,013 | $4.0M | Add +28.6% |
| NVR NVR Inc. | 1.04% | 529 | $3.9M | Reduce -3.3% |
| VGIT Vanguard Intermediate-Term T | 1.01% | 63,011 | $3.8M | Reduce -0.0% |
| ALL Allstate Corp. | 0.93% | 16,712 | $3.5M | Add +3.0% |
| GD General Dynamics Corp. | 0.84% | 9,295 | $3.1M | Add +2.0% |
| HD Home Depot Inc. | 0.78% | 8,487 | $2.9M | Reduce -17.9% |
| AAPL Apple Inc. | 0.69% | 9,500 | $2.6M | Reduce -3.2% |
| VGSH Vanguard Short-Term Treasury | 0.65% | 41,163 | $2.4M | Reduce -0.7% |
| GBTC Grayscale Bitcoin Trust ETF | 0.61% | 33,010 | $2.3M | Reduce -6.6% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.57% | 20,817 | $2.1M | Add +44.1% |
| MSFT Microsoft Corp. | 0.54% | 4,132 | $2.0M | Reduce -15.2% |
| FETH Fidelity Ethereum Fund | 0.53% | 66,583 | $2.0M | Reduce -8.9% |
| PEP Pepsico Inc. | 0.53% | 13,722 | $2.0M | Add +6.0% |
| PG The Procter & Gamble Co. | 0.53% | 13,681 | $2.0M | Reduce -33.5% |
| LMT Lockheed Martin Corp. | 0.49% | 3,777 | $1.8M | Reduce -25.9% |
| TRV The Travelers Cos Inc. | 0.49% | 6,296 | $1.8M | Reduce -0.6% |
| CSCO Cisco Systems Inc. | 0.43% | 20,698 | $1.6M | Reduce -2.5% |
| MCD McDonald's Corp. | 0.38% | 4,642 | $1.4M | Add +1.1% |
| GLD SPDR Gold Shares | 0.38% | 3,570 | $1.4M | No change |
| CVX Chevron Corp. | 0.37% | 9,041 | $1.4M | Reduce -30.9% |
| ETSY Etsy Inc. | 0.36% | 24,387 | $1.4M | Reduce -32.4% |
| NEE Nextera Energy Inc. | 0.35% | 16,027 | $1.3M | Add +28.8% |
| ETHE Grayscale Ethereum Staking E | 0.33% | 49,852 | $1.2M | Reduce -1.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.32% | 1,938 | $1.2M | Reduce -19.2% |
| VZ Verizon Communications Inc. | 0.32% | 29,129 | $1.2M | Reduce -5.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.30% | 3,363 | $1.1M | Reduce -9.9% |
| SBUX Starbucks Corp. | 0.28% | 12,321 | $1.0M | Add +66.1% |
| GE General Electric filed as GE AEROSPACE | 0.23% | 2,730 | $841K | No change |
| AMT American Tower Corp. | 0.22% | 4,705 | $826K | Reduce -47.2% |
| APD Air Products & Chemicals Inc. | 0.19% | 2,841 | $702K | Reduce -35.0% |
| AEM Agnico Eagle Mines Ltd. | 0.19% | 4,071 | $690K | Reduce -0.7% |
| GPC Genuine Parts Co. | 0.17% | 5,291 | $651K | Reduce -20.4% |
| XOM Exxon Mobil Corp. | 0.16% | 5,090 | $613K | Reduce -4.7% |
| LDOS Leidos Holdings Inc. | 0.15% | 3,118 | $562K | No change |
| GOOG Alphabet Inc. Class C | 0.15% | 1,748 | $549K | No change |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.14% | 5,565 | $509K | Add +0.3% |
| AGG iShares Core U.S. Aggregate | 0.13% | 4,892 | $489K | New |
| PAAS Pan American Silver Corp. | 0.13% | 9,372 | $486K | Reduce -5.9% |
| SPXC SPX Technologies Inc. | 0.13% | 2,391 | $478K | No change |
| GEV GE Vernova Inc. | 0.12% | 681 | $445K | No change |
| TSLA Tesla Inc. | 0.10% | 853 | $384K | Add +1.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.10% | 535 | $365K | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.09% | 1,656 | $316K | No change |
| V Visa Inc. Class A | 0.07% | 751 | $263K | New |
| BTC Grayscale Bitcoin Mini ETF | 0.07% | 6,696 | $259K | Reduce -3.1% |
| MSTR Strategy Inc. | 0.07% | 1,625 | $247K | Add +111.0% |
| HL Hecla Mining Co. | 0.06% | 12,478 | $239K | Reduce -8.8% |
| SO The Southern Co. | 0.06% | 2,676 | $233K | No change |
| SAIC Science Applications Inte | 0.06% | 2,318 | $233K | No change |
| FHN First Horizon Corp. | 0.06% | 9,630 | $230K | No change |
| WPM Wheaton Precious Metals Corp. | 0.06% | 1,788 | $210K | Reduce -17.5% |
| RF Regions Financial Corp. | 0.06% | 7,669 | $208K | No change |
| BMY Bristol-Myers Squibb Co. | 0.05% | 3,737 | $202K | New |
Portfolio Sells Q3 2025 → Q4 2025
| ROP Roper Technologies Inc. | Reduce -40.9% | 1.89% | −1.68 |
| POST Post Holdings Inc. | Reduce -9.6% | 7.25% | −1.43 |
| MTN Vail Resorts Inc. | Reduce -29.3% | 1.14% | −0.67 |
| HD Home Depot Inc. | Reduce -17.9% | 0.78% | −0.34 |
| CEF Sprott Physical Gold and Sil | Reduce -25.5% | 4.42% | −0.32 |
| PG The Procter & Gamble Co. | Reduce -33.5% | 0.53% | −0.32 |
| FETH Fidelity Ethereum Fund | Reduce -8.9% | 0.53% | −0.28 |
| ETSY Etsy Inc. | Reduce -32.4% | 0.36% | −0.28 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -6.6% | 0.61% | −0.24 |
| AMT American Tower Corp. | Reduce -47.2% | 0.22% | −0.24 |
| AVGO Broadcom Inc. | Reduce -17.8% | 1.50% | −0.23 |
| ET Energy Transfer LP | Sold out | 0.00% | −0.23 |
| LMT Lockheed Martin Corp. | Reduce -25.9% | 0.49% | −0.19 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.9% | 10.32% | −0.18 |
| CVX Chevron Corp. | Reduce -30.9% | 0.37% | −0.17 |
| HEI.A Heico Corp. Class A | Reduce -3.0% | 4.14% | −0.14 |
| NVR NVR Inc. | Reduce -3.3% | 1.04% | −0.14 |
| ETHE Grayscale Ethereum Staking E | Reduce -1.8% | 0.33% | −0.14 |
| MSFT Microsoft Corp. | Reduce -15.2% | 0.54% | −0.14 |
| APD Air Products & Chemicals Inc. | Reduce -35.0% | 0.19% | −0.13 |
| BITB Bitwise Bitcoin ETF | Sold out | 0.00% | −0.08 |
| ETH Grayscale Ethereum Staking M | Sold out | 0.00% | −0.08 |
| GPC Genuine Parts Co. | Reduce -20.4% | 0.17% | −0.07 |
| SLV iShares Silver Trust | Sold out | 0.00% | −0.07 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -19.2% | 0.32% | −0.07 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.06 |
| IREN Iren Ltd. | Sold out | 0.00% | −0.06 |
| NVDA Nvidia Corp. | Sold out | 0.00% | −0.06 |
| ROST Ross Stores Inc. | Sold out | 0.00% | −0.05 |
| VZ Verizon Communications Inc. | Reduce -5.3% | 0.32% | −0.04 |
| TDG Transdigm Group Inc. | Reduce -2.0% | 4.37% | −0.04 |
| ABBV Abbvie Inc. | Reduce -1.1% | 1.26% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -9.9% | 0.30% | −0.03 |
| BTC Grayscale Bitcoin Mini ETF | Reduce -3.1% | 0.07% | −0.02 |
| WPM Wheaton Precious Metals Corp. | Reduce -17.5% | 0.06% | −0.01 |
| VGSH Vanguard Short-Term Treasury | Reduce -0.7% | 0.65% | −0.00 |
| AEM Agnico Eagle Mines Ltd. | Reduce -0.7% | 0.19% | +0.00 |
| VGIT Vanguard Intermediate-Term T | Reduce -0.0% | 1.01% | +0.00 |
| XOM Exxon Mobil Corp. | Reduce -4.7% | 0.16% | +0.00 |
| TRV The Travelers Cos Inc. | Reduce -0.6% | 0.49% | +0.02 |
| HL Hecla Mining Co. | Reduce -8.8% | 0.06% | +0.02 |
| BLD Topbuild Corp. | Reduce -4.7% | 1.11% | +0.02 |
| AAPL Apple Inc. | Reduce -3.2% | 0.69% | +0.02 |
| PAAS Pan American Silver Corp. | Reduce -5.9% | 0.13% | +0.03 |
| CSCO Cisco Systems Inc. | Reduce -2.5% | 0.43% | +0.04 |
| AMZN Amazon.com Inc. | Reduce -3.1% | 4.37% | +0.09 |
| JNJ Johnson & Johnson | Reduce -4.4% | 2.32% | +0.15 |
| DHR Danaher Corp. | Reduce -1.0% | 3.97% | +0.51 |
| MKL Markel Group Inc. | Reduce -1.9% | 6.44% | +0.62 |
| GOOGL Alphabet Inc. Class A | Reduce -4.7% | 6.31% | +1.18 |
Portfolio Buys Q3 2025 → Q4 2025
| TCAF T Rowe PRC Cap Appreciation | Add +30.4% | 11.25% | +2.76 |
| UPS United Parcel Service Class B | Add +127.3% | 1.11% | +0.70 |
| SPGI S&P Global Inc. | Add +7.6% | 3.68% | +0.50 |
| NOMD Nomad Foods Ltd. | Add +58.8% | 1.46% | +0.50 |
| AMGN Amgen Inc. | Add +22.6% | 1.21% | +0.36 |
| TXN Texas Instruments Inc. | Add +28.6% | 1.07% | +0.19 |
| TROW T Rowe Price Group Inc. | Add +44.1% | 0.57% | +0.18 |
| AGG iShares Core U.S. Aggregate | New | 0.13% | +0.13 |
| SBUX Starbucks Corp. | Add +66.1% | 0.28% | +0.11 |
| NEE Nextera Energy Inc. | Add +28.8% | 0.35% | +0.09 |
| V Visa Inc. Class A | New | 0.07% | +0.07 |
| BMY Bristol-Myers Squibb Co. | New | 0.05% | +0.05 |
| PEP Pepsico Inc. | Add +6.0% | 0.53% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +1.4% | 1.10% | +0.04 |
| GD General Dynamics Corp. | Add +2.0% | 0.84% | +0.01 |
| MCD McDonald's Corp. | Add +1.1% | 0.38% | +0.01 |
| TSLA Tesla Inc. | Add +1.2% | 0.10% | +0.00 |
| ALL Allstate Corp. | Add +3.0% | 0.93% | +0.00 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +0.3% | 0.14% | +0.00 |
| MSTR Strategy Inc. | Add +111.0% | 0.07% | −0.00 |
| FBTC Fidelity Wise Origin Bitcoin | Add +7.1% | 1.21% | −0.27 |
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 |