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Livermore
Livermore
ZHEN

Beddow Capital Management Inc

SEC CIK
0001278641
Latest filing
Feb 11, 2026

The latest 13F from Beddow Capital Management Inc covers Q4 2025 (filed Feb 11, 2026): 55 long positions worth $264.9M. The top 10 holdings make up 50.2% of the portfolio, and the largest is Texas Pacific Land Corp (TPL) at 7.4%. Livermore has 20 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q4 2025

Share counts compared with Q3 2025: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
1
Est. +$214.0K
Added
10
Est. +$2.81M
Reduced
36
Est. −$13.9M
Sold out
1
Est. −$291.0K

Top 5 holdings

Share of this quarter's portfolio value

  1. TPLTexas Pacific Land Corp
    7.4%$19.6MHistory
  2. Investor AB 'B'W48102128
    6.1%$16.3M
  3. DGDollar General Corp
    5.7%$15.1MHistory
  4. MSBMesabi Trust
    5.1%$13.6MHistory
  5. IBMInternational Business Machines Corp
    5.1%$13.6MHistory

Share of portfolio

Top 5 holdings and the other 50 positions, by share of portfolio value

  1. TPL7.4%
  2. Investor AB 'B'6.1%
  3. DG5.7%
  4. MSB5.1%
  5. IBM5.1%
  6. Other 50 positions70.5%

Biggest buys

New and added positions, by estimated amount bought

  1. CPRTCopart Inc
    +$1.14MAddedHistory
  2. BRK.ABerkshire Hathaway Inc
    +$754.8KAddedHistory
  3. FANGDiamondback Energy, Inc.
    +$330.0KAddedHistory
  4. ZEUSOlympic Steel Inc
    +$214.0KNewHistory
  5. MXCMexco Energy Corp
    +$212.3KAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. BRK.ABerkshire Hathaway Inc
    +0.33 pp1.9% → 2.3%History
  2. CPRTCopart Inc
    +0.31 pp1.1% → 1.4%History
  3. FANGDiamondback Energy, Inc.
    +0.26 pp1.7% → 2.0%History
  4. MXCMexco Energy Corp
    +0.10 pp0.1% → 0.2%History
  5. ZEUSOlympic Steel Inc
    +0.08 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ORCLOracle Corp
    −$3.16MReducedHistory
  2. IBMInternational Business Machines Corp
    −$1.24MReducedHistory
  3. DGDollar General Corp
    −$1.16MReducedHistory
  4. ABBVAbbVie Inc.
    −$1.07MReducedHistory
  5. BRK.BBerkshire Hathaway Inc
    −$638.4KReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. ORCLOracle Corp
    −1.75 pp1.9% → 0.2%History
  2. LNGCheniere Energy, Inc.
    −0.47 pp2.6% → 2.1%History
  3. ABBVAbbVie Inc.
    −0.38 pp2.6% → 2.2%History
  4. FNVFranco Nevada Corp
    −0.32 pp4.3% → 4.0%History
  5. CHRDChord Energy Corp
    −0.22 pp2.1% → 1.8%History

Metrics

13F metrics for Q4 2025, computed only from the numbers in the filings. Definitions below.

Portfolio value
$264.9M
−$6.40M (−2.4%) vs. prior quarter
Positions
55
0 vs. prior quarter
Top 10 concentration
50.2%
Top 10 as share of value
Turnover
1.1%
Q4 2025, one quarter
Average holding period
17.7 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

20 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $271.3M (Q3 2025)

Q1 2021: $157.4MQ2 2021: $174.2MQ3 2021: $167.1MQ4 2021: $176.3MQ1 2022: $189.7MQ2 2022: $169.9MQ3 2022: $165.2MQ4 2022: $195.6MQ1 2023: $199.6MQ2 2023: $196.8MQ3 2023: $205.1MQ4 2023: $214.7MQ1 2024: $228.7MQ2 2024: $228.7MQ3 2024: $244.0MQ4 2024: $243.3MQ1 2025: $267.3MQ2 2025: $252.4MQ3 2025: $271.3MQ4 2025: $264.9M
Q1 2021Q4 2025
13F filings of Beddow Capital Management Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2025Feb 11, 202655$264.9MTPLInvestor AB 'B'DGvs. Q3 2025SEC
Q3 2025Nov 12, 202555$271.3MTPLInvestor AB 'B'IBMvs. Q2 2025SEC
Q2 2025Aug 14, 202555$252.4MTPLIBMBLXvs. Q1 2025SEC
Q1 2025May 9, 202557$267.3MTPLInvestor AB 'B'IBMvs. Q4 2024SEC
Q4 2024Feb 11, 202558$243.3MTPLBLXInvestor AB 'B'vs. Q3 2024SEC
Q3 2024Nov 7, 202459$244.0MTPLInvestor AB 'B'BLXvs. Q2 2024SEC
Q2 2024Aug 13, 202459$228.7MTPLInvestor AB 'B'BLXvs. Q1 2024SEC
Q1 2024Apr 24, 202459$228.7MTPLInvestor AB 'B'BLXvs. Q4 2023SEC
Q4 2023Jan 25, 202457$214.7MTPLInvestor AB 'B'IBMvs. Q3 2023SEC
Q3 2023Nov 8, 202355$205.1MTPLInvestor AB 'B'MSBvs. Q2 2023SEC
Q2 2023Aug 8, 202353$196.8MTPLInvestor AB 'B'BLXvs. Q1 2023SEC
Q1 2023May 9, 202353$199.6MTPLMSBInvestor AB 'B'vs. Q4 2022SEC
Q4 2022Feb 2, 202351$195.6MTPLInvestor AB 'B'ABBVvs. Q3 2022SEC
Q3 2022Nov 14, 202250$165.2MTPLMSBInvestor AB 'B'vs. Q2 2022SEC
Q2 2022Aug 2, 202249$169.9MTPLMSBInvestor AB 'B'vs. Q1 2022SEC
Q1 2022May 4, 202255$189.7MTPLMSBInvestor AB 'B'vs. Q4 2021SEC
Q4 2021Feb 2, 202249$176.3MTPLInvestor AB 'B'MSBvs. Q3 2021SEC
Q3 2021Oct 27, 202151$167.1MTPLInvestor AB 'B'MSBvs. Q2 2021SEC
Q2 2021Aug 5, 202157$174.2MTPLMSBInvestor AB 'B'vs. Q1 2021SEC
Q1 2021Apr 8, 202155$157.4MTPLMSBInvestor AB 'B'–SEC