In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), WS Management LLLP reported 30 stock positions worth $648.3 million . Its top holding was Berkshire Hathaway Class A (BRK.A) at 27.0% of the portfolio, followed by iShares 20+ Year Treasury BD (TLT, 9.7% ) and Amazon.com (AMZN, 9.7% ). Compared with Q3 2024, it opened 5 new positions, sold out of 5, added to 2 and reduced 10. The biggest buy was Amazon.com (AMZN, shares +27% ) and the biggest sale an exit from Berkshire Hathaway Class B (BRK.B).
Location JACKSONVILLE, FL
CIK 0000877338
Portfolio Value $648.3M (Q4 2024) Holdings 30 stocks · $648.3M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2024 BRK.A Berkshire Hathaway Inc. Class A 257 $175.0M No change TLT iShares 20+ Year Treasury BD 722,983 $63.1M Reduce -55.5% AMZN Amazon.com Inc. 285,880 $62.7M Add +27.1% GLD SPDR Gold Shares 152,940 $37.0M Reduce -55.7% NVDA Nvidia Corp. 190,490 $25.6M Reduce -73.3% GOOGL Alphabet Inc. Class A 129,180 $24.5M Reduce -13.4% LAMR Lamar Advertising Co. Class A 170,753 $20.8M No change RHP Ryman Hospitality Properties 199,195 $20.8M No change MU Micron Technology Inc. 244,937 $20.6M Reduce -68.0% LUV Southwest Airlines Co. 600,000 $20.2M New TJX TJX Companies Inc. filed as TJX COS INC NEW 150,923 $18.2M No change COP Conocophillips 175,119 $17.4M Reduce -46.1% ANF Abercrombie & Fitch Co. Class A 107,969 $16.1M New GDX Vaneck Gold Miners ETF 468,700 $15.9M Reduce -54.0% WMT Walmart Inc. 155,304 $14.0M No change FE Firstenergy Corp. 278,962 $11.1M No change FCX Freeport-McMoran Inc. 286,076 $10.9M No change KNX Knight-Swift Transportation 203,073 $10.8M Add +1.5% GEHC GE Healthcare Technology 122,000 $9.5M New XBI SS SPDR S&P Biotech ETF 100,000 $9.0M No change KMX Carmax Inc. 100,000 $8.2M No change GME Gamestop Corp. Class A 227,151 $7.1M Reduce -56.0% COST Costco Wholesale Corp. 7,246 $6.6M Reduce -88.1% MPC Marathon Petroleum Corp. 37,378 $5.2M No change VTRS Viatris Inc. 400,000 $5.0M No change CHTR Charter Communications Inc. Class A 13,000 $4.5M No change TSLA Tesla Inc. 10,000 $4.0M Reduce -83.7% ASA ASA Gold and Precious Metals 122,351 $2.5M No change PL Planet Labs PBC 250,000 $1.0M New SOUN Soundhound AI Inc. Class A 50,000 $992K New
Options reported separately and not counted above: TXN puts ($212.6M), AMZN puts ($61.4M), ON puts ($52.3M), ANF puts ($23.9M), TLT puts ($17.5M), MU calls ($16.8M), CHWY puts ($11.7M), RIVN puts ($6.7M), AMZN calls ($6.6M), GME puts ($6.3M), BRK.B puts ($4.5M), TLT calls ($4.4M), and 3 more.
Portfolio Sells Q3 2024 → Q4 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▲ BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −13.62 TLT iShares 20+ Year Treasury BD Reduce -55.5% 9.74% −4.41 MU Micron Technology Inc. Reduce -68.0% 3.18% −3.88 COST Costco Wholesale Corp. Reduce -88.1% 1.02% −3.76 NVDA Nvidia Corp. Reduce -73.3% 3.95% −3.74 GLD SPDR Gold Shares Reduce -55.7% 5.71% −1.75 GDX Vaneck Gold Miners ETF Reduce -54.0% 2.45% −1.15 TSLA Tesla Inc. Reduce -83.7% 0.62% −0.80 ANET Arista Networks Inc. Sold out 0.00% −0.57 COP Conocophillips Reduce -46.1% 2.68% −0.36 COUR Coursera Inc. Sold out 0.00% −0.32 RGNX Regenxbio Inc. Sold out 0.00% −0.28 WOLF Wolfspeed Inc. Sold out 0.00% −0.17 GME Gamestop Corp. Class A Reduce -56.0% 1.10% +0.04 GOOGL Alphabet Inc. Class A Reduce -13.4% 3.77% +1.57
Portfolio Buys Q3 2024 → Q4 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▼ AMZN Amazon.com Inc. Add +27.1% 9.67% +5.95 LUV Southwest Airlines Co. New 3.11% +3.11 ANF Abercrombie & Fitch Co. Class A New 2.49% +2.49 GEHC GE Healthcare Technology New 1.47% +1.47 KNX Knight-Swift Transportation Add +1.5% 1.66% +0.70 PL Planet Labs PBC New 0.16% +0.16 SOUN Soundhound AI Inc. Class A New 0.15% +0.15
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ TXN Texas Instruments Inc. put Add +844.8% 1,133,800 $212.6M AMZN Amazon.com Inc. put Add +460.0% 280,000 $61.4M ON On Semiconductor put New 830,000 $52.3M ANF Abercrombie & Fitch Co. Class A put Reduce -27.5% 160,000 $23.9M COST Costco Wholesale Corp. put Sold out 20,000 $17.7Mbefore exit TLT iShares 20+ Year Treasury BD put Reduce -55.6% 200,000 $17.5M MU Micron Technology Inc. call Add +150.0% 200,000 $16.8M GDX Vaneck Gold Miners ETF put Sold out 300,000 $11.9Mbefore exit CHWY Chewy Inc. Class A put Reduce -50.0% 350,000 $11.7M PSA Public Storage put Sold out 30,000 $10.9Mbefore exit COP Conocophillips put Sold out 100,000 $10.5Mbefore exit AMZN Amazon.com Inc. call New 30,000 $6.6M WOLF Wolfspeed Inc. call Sold out 650,000 $6.3Mbefore exit GME Gamestop Corp. Class A put Add +100.0% 200,000 $6.3M BRK.B Berkshire Hathaway Inc. Class B call Sold out 10,000 $4.6Mbefore exit BRK.B Berkshire Hathaway Inc. Class B put Reduce -88.9% 10,000 $4.5M TLT iShares 20+ Year Treasury BD call New 50,000 $4.4M XBI SS SPDR S&P Biotech ETF call Sold out 30,000 $3.0Mbefore exit COP Conocophillips call Sold out 20,000 $2.1Mbefore exit GDX Vaneck Gold Miners ETF call Reduce -96.0% 50,000 $1.7M NVDA Nvidia Corp. call New 10,000 $1.3M SOUN Soundhound AI Inc. Class A put New 60,000 $1.2M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 31 $849.8M MU, BRK.A, GLD, AMZN, TLT Q1 2026 35 $764.5M MU, BRK.A, GDX, TLT, GLD Q4 2025 28 $747.7M MU, BRK.A, GLD, TLT, GDX Q3 2025 29 $651.6M BRK.A, GDX, MU, GLD, NVDA Q2 2025 30 $572.9M BRK.A, AMZN, MU, NVDA, GLD Q1 2025 31 $591.2M BRK.A, AMZN, TLT, GLD, LH Q4 2024 30 $648.3M BRK.A, TLT, AMZN, GLD, NVDA Q3 2024 30 $1.1B BRK.A, TLT, BRK.B, NVDA, GLD Q2 2024 34 $1.1B BRK.A, TLT, GLD, MU, NVDA Q1 2024 36 $1.1B BRK.A, MU, TLT, GLD, NVDA