Regency Capital Management Inc.\DE
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Regency Capital Management Inc.\DE reported 62 stock positions worth $240.4 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 6.9% of the portfolio, followed by Markel (MKL, 6.0%) and iShares Gold Trust (IAU, 5.9%). Compared with Q3 2025, it opened 14 new positions, sold out of 10, added to 24 and reduced 21. The biggest buy was a new position in Hubbell (HUBB) and the biggest sale Alerian MLP ETF (AMLP, shares −61%).
- Most Recent 13F
- Q2 2026
- Location
- HONOLULU, HI
- CIK
- 0001863894
- Portfolio Value
- $240.4M (Q4 2025)
- SEC Filing
- 0001863894-26-000001 ↗ filed Feb 11, 2026
Holdings Value
Holdings 62 stocks · $240.4M
| BRK.B Berkshire Hathaway Inc. Class B | 6.89% | 32,937 | $16.6M | Add +8.9% |
| MKL Markel Group Inc. | 6.01% | 6,726 | $14.5M | Reduce -1.4% |
| IAU iShares Gold Trust | 5.93% | 175,642 | $14.3M | Add +1.6% |
| CB Chubb Ltd. | 5.23% | 40,280 | $12.6M | Add +1.0% |
| COST Costco Wholesale Corp. | 5.09% | 14,188 | $12.2M | Add +0.9% |
| APH Amphenol Corp. Class A | 4.74% | 84,366 | $11.4M | Reduce -4.9% |
| NVDA Nvidia Corp. | 3.54% | 45,591 | $8.5M | Add +13.7% |
| MSFT Microsoft Corp. | 3.12% | 15,504 | $7.5M | Reduce -1.3% |
| AAPL Apple Inc. | 2.98% | 26,356 | $7.2M | Reduce -0.5% |
| AME Ametek Inc. | 2.97% | 34,740 | $7.1M | Add +1.1% |
| ALLE Allegion PLC | 2.95% | 44,536 | $7.1M | Add +104.3% |
| HUBB Hubbell Inc. | 2.62% | 14,182 | $6.3M | New |
| VEA Vanguard Ftse Developed ETF | 2.61% | 100,591 | $6.3M | Add +11.7% |
| GOOGL Alphabet Inc. Class A | 2.57% | 19,719 | $6.2M | Add +227.4% |
| AXP American Express Co. | 2.31% | 14,992 | $5.5M | New |
| AEP American Electric Power | 2.28% | 47,503 | $5.5M | Reduce -3.9% |
| PSLV Sprott Physical Silver Trust | 2.25% | 228,974 | $5.4M | Reduce -2.0% |
| SHEL Shell PLC-ADR | 2.21% | 72,293 | $5.3M | Reduce -1.8% |
| AMZN Amazon.com Inc. | 2.02% | 21,037 | $4.9M | Add +0.8% |
| META Meta Platforms Inc. Class A | 1.98% | 7,203 | $4.8M | Add +24.4% |
| ASML ASML Holding NV-NY Reg SHS | 1.93% | 4,339 | $4.6M | Reduce -4.5% |
| RJF Raymond James Financial Inc. | 1.81% | 27,165 | $4.4M | Reduce -1.5% |
| AON Aon PLC Class A | 1.79% | 12,201 | $4.3M | Reduce -5.1% |
| V Visa Inc. Class A | 1.59% | 10,917 | $3.8M | Add +1.7% |
| AFL Aflac Inc. | 1.58% | 34,500 | $3.8M | Add +0.1% |
| WCC Wesco International Inc. | 1.56% | 15,358 | $3.8M | Add +1.0% |
| FAST Fastenal Co. | 1.48% | 88,546 | $3.6M | New |
| WTM White Mountains Insurance GP | 1.41% | 1,635 | $3.4M | Add +101.6% |
| TMO Thermo Fisher Scientific Inc. | 1.24% | 5,133 | $3.0M | Reduce -7.7% |
| AURA Aura Biosciences Inc. | 1.22% | 538,584 | $2.9M | Reduce -12.1% |
| VPL Vanguard Ftse Pacific ETF | 1.16% | 30,809 | $2.8M | New |
| GRMN Garmin Ltd. | 1.14% | 13,462 | $2.7M | New |
| ITOT iShares Core S&P Total U.S. | 1.02% | 16,486 | $2.5M | Add +35.1% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.93% | 30,876 | $2.2M | New |
| AMLP Alerian MLP ETF | 0.92% | 46,843 | $2.2M | Reduce -61.2% |
| GOVT iShares US Treasury Bond ETF | 0.77% | 80,734 | $1.9M | Add +10.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.71% | 2,489 | $1.7M | Add +20.1% |
| SMH Vaneck Semiconductor ETF | 0.68% | 4,530 | $1.6M | Reduce -14.6% |
| CNM Core & Main Inc. Class A | 0.62% | 28,675 | $1.5M | Add +57.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.59% | 4,247 | $1.4M | Add +0.7% |
| ADBE Adobe Inc. | 0.59% | 4,031 | $1.4M | New |
| GOOG Alphabet Inc. Class C | 0.52% | 4,020 | $1.3M | New |
| CLS Celestica Inc. | 0.48% | 3,933 | $1.2M | Reduce -2.7% |
| NVR NVR Inc. | 0.48% | 159 | $1.2M | New |
| IVV iShares Core S&P 500 ETF | 0.47% | 1,656 | $1.1M | Add +19.6% |
| XOM Exxon Mobil Corp. | 0.35% | 6,921 | $833K | Reduce -78.4% |
| TSLA Tesla Inc. | 0.31% | 1,679 | $755K | Add +4.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.31% | 1 | $755K | No change |
| HD Home Depot Inc. | 0.27% | 1,854 | $638K | New |
| SGOV iShares 0-3 Month Treasury B | 0.25% | 5,940 | $596K | Add +12.3% |
| ALEX Alexander & Baldwin Inc. | 0.24% | 27,391 | $565K | Reduce -50.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.20% | 5,287 | $473K | New |
| CSX CSX Corp. | 0.16% | 10,870 | $394K | Reduce -68.9% |
| IWR iShares Russell Mid-Cap ETF | 0.16% | 4,000 | $385K | New |
| IWN iShares Russell 2000 Value E | 0.15% | 2,000 | $362K | No change |
| XLK SS Technology Select Sector | 0.14% | 2,407 | $346K | Add +4.5% |
| SPXC SPX Technologies Inc. | 0.13% | 1,529 | $306K | Reduce -1.1% |
| MATX Matson Inc. | 0.10% | 1,950 | $241K | Reduce -4.9% |
| IBIT iShares Bitcoin Trust ETF | 0.09% | 4,410 | $219K | Reduce -46.6% |
| IEMG iShares Core MSCI Emerging | 0.08% | 3,000 | $202K | New |
| IRD Opus Genetics Inc. | 0.04% | 46,000 | $92K | New |
| ZNTL Zentalis Pharmaceuticals Inc. | 0.02% | 29,500 | $40K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| AMLP Alerian MLP ETF | Reduce -61.2% | 0.92% | −1.78 |
| LII Lennox International Inc. | Sold out | 0.00% | −1.46 |
| XOM Exxon Mobil Corp. | Reduce -78.4% | 0.35% | −1.37 |
| UNP Union Pacific Corp. | Sold out | 0.00% | −1.33 |
| JAAA Janus Henderson Aaa Clo ETF | Sold out | 0.00% | −1.28 |
| AMRZ Amrize Ltd. | Sold out | 0.00% | −1.04 |
| MSFT Microsoft Corp. | Reduce -1.3% | 3.12% | −0.75 |
| AURA Aura Biosciences Inc. | Reduce -12.1% | 1.22% | −0.58 |
| APH Amphenol Corp. Class A | Reduce -4.9% | 4.74% | −0.48 |
| RJF Raymond James Financial Inc. | Reduce -1.5% | 1.81% | −0.45 |
| CSX CSX Corp. | Reduce -68.9% | 0.16% | −0.43 |
| AON Aon PLC Class A | Reduce -5.1% | 1.79% | −0.39 |
| AEP American Electric Power | Reduce -3.9% | 2.28% | −0.37 |
| SHEL Shell PLC-ADR | Reduce -1.8% | 2.21% | −0.29 |
| MRSH Marsh & McLennan Cos | Sold out | 0.00% | −0.29 |
| ALEX Alexander & Baldwin Inc. | Reduce -50.7% | 0.24% | −0.25 |
| VECT Vectivbio Holding AG | Sold out | 0.00% | −0.24 |
| AAPL Apple Inc. | Reduce -0.5% | 2.98% | −0.23 |
| MKL Markel Group Inc. | Reduce -1.4% | 6.01% | −0.19 |
| IBIT iShares Bitcoin Trust ETF | Reduce -46.6% | 0.09% | −0.16 |
| ASML ASML Holding NV-NY Reg SHS | Reduce -4.5% | 1.93% | −0.16 |
| SMH Vaneck Semiconductor ETF | Reduce -14.6% | 0.68% | −0.14 |
| ETHA iShares Ethereum Trust ETF | Sold out | 0.00% | −0.13 |
| FBTC Fidelity Wise Origin Bitcoin | Sold out | 0.00% | −0.12 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.11 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.10 |
| TMO Thermo Fisher Scientific Inc. | Reduce -7.7% | 1.24% | −0.04 |
| SPXC SPX Technologies Inc. | Reduce -1.1% | 0.13% | −0.01 |
| MATX Matson Inc. | Reduce -4.9% | 0.10% | +0.00 |
| CLS Celestica Inc. | Reduce -2.7% | 0.48% | +0.01 |
| PSLV Sprott Physical Silver Trust | Reduce -2.0% | 2.25% | +0.51 |
Portfolio Buys Q3 2025 → Q4 2025
| HUBB Hubbell Inc. | New | 2.62% | +2.62 |
| AXP American Express Co. | New | 2.31% | +2.31 |
| GOOGL Alphabet Inc. Class A | Add +227.4% | 2.57% | +1.87 |
| FAST Fastenal Co. | New | 1.48% | +1.48 |
| VPL Vanguard Ftse Pacific ETF | New | 1.16% | +1.16 |
| GRMN Garmin Ltd. | New | 1.14% | +1.14 |
| ALLE Allegion PLC | Add +104.3% | 2.95% | +1.11 |
| EMXC iShares MSCI Emr MRK Ex Chna | New | 0.93% | +0.93 |
| WTM White Mountains Insurance GP | Add +101.6% | 1.41% | +0.77 |
| ADBE Adobe Inc. | New | 0.59% | +0.59 |
| GOOG Alphabet Inc. Class C | New | 0.52% | +0.52 |
| NVR NVR Inc. | New | 0.48% | +0.48 |
| HD Home Depot Inc. | New | 0.27% | +0.27 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.20% | +0.20 |
| ITOT iShares Core S&P Total U.S. | Add +35.1% | 1.02% | +0.17 |
| IWR iShares Russell Mid-Cap ETF | New | 0.16% | +0.16 |
| CNM Core & Main Inc. Class A | Add +57.4% | 0.62% | +0.15 |
| IEMG iShares Core MSCI Emerging | New | 0.08% | +0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +20.1% | 0.71% | +0.05 |
| VEA Vanguard Ftse Developed ETF | Add +11.7% | 2.61% | +0.05 |
| IRD Opus Genetics Inc. | New | 0.04% | +0.04 |
| WCC Wesco International Inc. | Add +1.0% | 1.56% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +19.6% | 0.47% | +0.03 |
| SGOV iShares 0-3 Month Treasury B | Add +12.3% | 0.25% | −0.01 |
| XLK SS Technology Select Sector | Add +4.5% | 0.14% | −0.01 |
| NVDA Nvidia Corp. | Add +13.7% | 3.54% | −0.02 |
| TSLA Tesla Inc. | Add +4.1% | 0.31% | −0.03 |
| GOVT iShares US Treasury Bond ETF | Add +10.0% | 0.77% | −0.03 |
| META Meta Platforms Inc. Class A | Add +24.4% | 1.98% | −0.04 |
| IAU iShares Gold Trust | Add +1.6% | 5.93% | −0.05 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.7% | 0.59% | −0.07 |
| AME Ametek Inc. | Add +1.1% | 2.97% | −0.10 |
| CB Chubb Ltd. | Add +1.0% | 5.23% | −0.12 |
| V Visa Inc. Class A | Add +1.7% | 1.59% | −0.15 |
| AMZN Amazon.com Inc. | Add +0.8% | 2.02% | −0.16 |
| AFL Aflac Inc. | Add +0.1% | 1.58% | −0.25 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +8.9% | 6.89% | −0.34 |
| COST Costco Wholesale Corp. | Add +0.9% | 5.09% | −1.10 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 64 | $251.4M | BRK.B, IAU, MKL, APH, COST |
| Q1 2026 | 60 | $223.5M | IAU, BRK.B, COST, MKL, CB |
| Q4 2025 | 62 | $240.4M | BRK.B, MKL, IAU, CB, COST |
| Q3 2025 | 58 | $210.3M | BRK.B, MKL, COST, IAU, CB |
| Q2 2025 | 58 | $190.6M | BRK.B, COST, MKL, CB, IAU |
| Q1 2025 | 43 | $167.3M | BRK.B, COST, MKL, CB, IAU |
| Q4 2024 | 49 | $184.7M | BRK.B, COST, MKL, CB, IAU |
| Q3 2024 | 46 | $182.0M | BRK.B, COST, MKL, CB, GOVT |
| Q2 2024 | 47 | $155.3M | COST, BRK.B, MKL, CRH, SHEL |
| Q1 2024 | 48 | $157.1M | BRK.B, COST, CRH, MKL, SHEL |