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Pecaut & Co.

SEC CIK
0001597200
Latest filing
Aug 3, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Feb 10, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
70
−9 vs. Q3 2025
Portfolio value
$310.0M
−$1.33M (−0.4%) vs. Q3 2025
Filed
Feb 10, 2026
SEC
Holdings of Pecaut & Co. in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
SPDR Series Trust78468R523ST STR BL 12 ETF461,402$45.8M14.8%+28,856+6.7%Added–
BRK.BBerkshire Hathaway IncStock58,279$29.3M9.5%−3,374−5.5%ReducedHistory
iShares Tr46436E7180-3 MTH TREASURY250,422$25.1M8.1%−190.0%Reduced–
GOOGAlphabet Inc.Stock60,480$19.0M6.1%−2,056−3.3%ReducedHistory
State Street SPDR Portfolio S&P 500 Growth ETF78464A409ETF154,790$16.5M5.3%−5,718−3.6%Reduced–
Vanguard Dividend Appreciation ETF921908844ETF58,437$12.8M4.1%+766+1.3%Added–
iShares Inc46434G764MSCI EMRG CHN158,364$11.5M3.7%+9,862+6.6%Added–
State Street SPDR Portfolio S&P 500 Value ETF78464A508ETF188,666$10.7M3.5%+4,036+2.2%Added–
AAPLApple Inc.Stock37,598$10.2M3.3%+1,304+3.6%AddedHistory
State Street SPDR Portfolio Developed World Ex-US ETF78463X889ETF219,357$9.74M3.1%+15,897+7.8%Added–
BRK.ABerkshire Hathaway IncCL A10$7.55M2.4%−2−16.7%ReducedHistory
First Tr Exchange-Traded FD33737A108NASDQ CLN EDGE49,231$7.53M2.4%−210.0%Reduced–
First Tr Exchange-Traded FD33734X846NASDAQ CYB ETF90,213$6.45M2.1%+958+1.1%Added–
State Street SPDR Portfolio S&P 400 Mid Cap ETF78464A847ETF109,970$6.37M2.1%−1,007−0.9%Reduced–
COSTCostco Wholesale CorpStock7,037$6.07M2.0%−49−0.7%ReducedHistory
TPLTexas Pacific Land CorpStock20,605$5.92M1.9%00.0%UnchangedConverted for a 3-for-1 splitHistory
ANAutonation, Inc.COM25,420$5.25M1.7%−50−0.2%ReducedHistory
MSFTMicrosoft CorpStock10,699$5.17M1.7%+954+9.8%AddedHistory
LOWLowes Companies IncStock20,148$4.86M1.6%+250+1.3%AddedHistory
First Tr Exchange Traded FD33738R704RBA INDL ETF47,347$4.66M1.5%−567−1.2%Reduced–
iShares MSCI USA Min Vol Factor ETF46429B697ETF42,198$3.97M1.3%+1,046+2.5%Added–
KNFKnife River CorpStock50,790$3.57M1.2%−2,500−4.7%ReducedHistory
State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663ETF36,570$3.34M1.1%+10,681+41.3%Added–
State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853ETF68,583$3.21M1.0%−1,000−1.4%Reduced–
ICEIntercontinental Exchange, Inc.Stock17,302$2.80M0.9%−1,198−6.5%ReducedHistory
WTMWhite Mountains Insurance Group LtdCOM1,167$2.43M0.8%00.0%UnchangedHistory
Vanguard Morningstar Growth ETF922908736ETF4,783$2.33M0.8%−6−0.1%Reduced–
Listed FDS Tr53656F623HORI KI INFL ETF52,153$2.32M0.7%+4,003+8.3%Added–
BLDRBuilders FirstSource, Inc.Stock19,535$2.01M0.6%−300−1.5%ReducedHistory
AXPAmerican Express CoStock5,050$1.87M0.6%00.0%UnchangedHistory
GLDMWorld Gold TrustSPDR GLD MINIS21,381$1.83M0.6%+418+2.0%AddedHistory
J P Morgan Exchange Traded F46641Q654ULTRA SHT MUNCPL35,232$1.79M0.6%+115+0.3%Added–
NVDANVIDIA CorpStock8,991$1.68M0.5%−11,081−55.2%ReducedHistory
CASYCaseys General Stores IncCOM2,625$1.45M0.5%+300+12.9%AddedHistory
BWXTBWX Technologies, Inc.COM8,135$1.41M0.5%00.0%UnchangedHistory
Vanguard Ftse Developed Markets ETF921943858ETF22,288$1.39M0.4%+1,116+5.3%Added–
WPMWheaton Precious Metals Corp.COM11,550$1.36M0.4%00.0%UnchangedHistory
WMTWalmart Inc.Stock12,164$1.36M0.4%−450−3.6%ReducedHistory
WBIWaterBridge Infrastructure LLCCL A SHS REPSTG66,500$1.33M0.4%00.0%UnchangedHistory
MSBMesabi TrustCTF BEN INT33,963$1.31M0.4%00.0%UnchangedHistory
Vanguard Morningstar Value ETF922908744ETF6,355$1.21M0.4%+83+1.3%Added–
URIUnited Rentals, Inc.COM1,403$1.14M0.4%00.0%UnchangedHistory
FWONALiberty Media CorpCOM LBTY ONE S A12,108$1.08M0.3%00.0%UnchangedHistory
Vanguard World FD921910733ESG US STK ETF8,395$1.02M0.3%+586+7.5%Added–
UNPUnion Pacific CorpStock4,382$1.01M0.3%−86−1.9%ReducedHistory
Vanguard Morningstar Small-Cap ETF922908751ETF3,410$879.7K0.3%−24−0.7%Reduced–
FNDFloor & Decor Holdings, Inc.CL A14,200$864.6K0.3%−8,700−38.0%ReducedHistory
Vanguard Morningstar Mid-Cap ETF922908629ETF2,951$856.5K0.3%+83+2.9%Added–
NRPNatural Resource Partners LPCOM UNIT LTD PAR7,800$814.3K0.3%00.0%UnchangedHistory
LBLandBridge Co LLCCL A15,992$783.5K0.3%+10.0%AddedHistory
NKENIKE, Inc.Stock10,302$656.3K0.2%−300−2.8%ReducedHistory
TDWTidewater IncCOM12,500$631.4K0.2%00.0%UnchangedHistory
SORSource CapitalCEF13,311$609.1K0.2%+146+1.1%AddedHistory
HEHawaiian Electric Industries IncCOM40,000$492.0K0.2%00.0%UnchangedHistory
iShares Trust iShares 0-1 Year Treasury Bond ETF464288679ETF4,437$488.7K0.2%−266−5.7%Reduced–
JNJJohnson & JohnsonStock2,222$459.8K0.1%−17−0.8%ReducedHistory
iShares Tr46435G516ESG AW MSCI EAFE3,763$357.9K0.1%+221+6.2%Added–
LXULSB Industries, Inc.COM38,500$327.3K0.1%00.0%UnchangedHistory
iShares Tr46435G425ESG AWR MSCI USA1,960$292.1K0.1%+482+32.6%Added–
PHYSSprott Physical Gold TrustPHYSICAL GOLD TR8,700$287.3K0.1%00.0%UnchangedHistory
iShares Russell 1000 Growth ETF464287614ETF573$271.1K0.1%−3−0.5%Reduced–
CINFCincinnati Financial CorpCOM1,653$270.0K0.1%00.0%UnchangedHistory
SPYSPDR S&P 500 ETF TrustETF390$266.2K0.1%−35−8.2%ReducedHistory
CNICanadian National Railway CoStock2,684$265.3K0.1%00.0%UnchangedHistory
iShares Russell 1000 Value ETF464287598ETF1,228$258.3K0.1%−3−0.2%Reduced–
TFPMTriple Flag Precious Metals Corp.Stock7,000$232.5K0.1%00.0%UnchangedHistory
RCGRENN Fund, Inc.COM86,066$221.2K0.1%+160.0%AddedHistory
iShares Tr46435U135CYBERSECURITY4,581$220.4K0.1%+10.0%Added–
RLIRli CorpCOM3,209$205.3K0.1%−775−19.5%ReducedHistory
SJTSan Juan Basin Royalty TrustUNIT BEN INT30,000$168.6K0.1%00.0%UnchangedHistory

Sold out since Q3 2025 (9)

Positions held at the end of Q3 2025 that are gone from this filing.

Positions of Pecaut & Co. sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
ORCLOracle CorpStock7,378$2.07M0.7%History
PVHPVH Corp.COM12,600$1.06M0.3%History
KMXCarMax IncCOM13,050$585.6K0.2%History
TSLATesla, Inc.Stock829$368.7K0.1%History
Occidental Pete Corp WT Exp 080327674599162Stock10,507$267.9K0.1%–
BOCBoston Omaha CorpStock17,400$227.6K0.1%History
SLBSLB LimitedStock6,500$223.4K0.1%History
PGRProgressive CorpStock900$222.3K0.1%History
ADPAutomatic Data Processing IncStock700$205.4K0.1%History