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Livermore
Livermore
ZHEN

Elgethun Capital Management

SEC CIK
0001638022
Latest filing
Jul 29, 2026

The latest 13F from Elgethun Capital Management covers Q2 2026 (filed Jul 29, 2026): 174 long positions worth $717.8M. The top 10 holdings make up 48.3% of the portfolio, and the largest is Eli Lilly & Co (LLY) at 10.1%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: 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
9
Est. +$13.8M
Added
116
Est. +$60.6M
Reduced
23
Est. −$12.7M
Sold out
1
Est. −$396.1K

Top 5 holdings

Share of this quarter's portfolio value

  1. LLYEli Lilly & Co
    10.1%$72.6MHistory
  2. BRK.BBerkshire Hathaway Inc
    9.5%$68.0MHistory
  3. FRFHFFairfax Financial Holdings Ltd
    5.8%$41.9MHistory
  4. iShares Tr464288877
    5.0%$36.2M
  5. iShares Core MSCI Emerging Markets ETF46434G103
    4.3%$30.5M

Share of portfolio

Top 5 holdings and the other 169 positions, by share of portfolio value

  1. LLY10.1%
  2. BRK.B9.5%
  3. FRFHF5.8%
  4. iShares Tr5.0%
  5. iShares Core MSCI Emerging Markets ETF4.3%
  6. Other 169 positions65.3%

Biggest buys

New and added positions, by estimated amount bought

  1. VTSVitesse Energy, Inc.
    +$14.2MAddedHistory
  2. LLYEli Lilly & Co
    +$11.1MAddedHistory
  3. LULUlululemon athletica inc.
    +$9.86MNewHistory
  4. DFHDream Finders Homes, Inc.
    +$5.42MAddedHistory
  5. ACIAlbertsons Companies, Inc.
    +$4.84MAddedHistory

Largest weight increases

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

  1. LLYEli Lilly & Co
    +2.31 pp7.8% → 10.1%History
  2. VTSVitesse Energy, Inc.
    +1.94 pp0.1% → 2.1%History
  3. LULUlululemon athletica inc.
    +1.37 pp0.0% → 1.4%History
  4. DFHDream Finders Homes, Inc.
    +0.81 pp1.2% → 2.0%History
  5. ACIAlbertsons Companies, Inc.
    +0.47 pp0.6% → 1.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CCitigroup Inc
    −$11.9MReducedHistory
  2. HONHoneywell International Inc
    −$396.1KSold outHistory
  3. STLAStellantis N.V.
    −$180.1KReducedHistory
  4. INTCIntel Corp
    −$171.6KReducedHistory
  5. Schwab U.S. Broad Market ETF808524102
    −$116.9KReduced

Largest weight decreases

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

  1. CCitigroup Inc
    −1.53 pp3.1% → 1.6%History
  2. STLAStellantis N.V.
    −0.14 pp0.3% → 0.2%History
  3. Schwab U.S. Broad Market ETF808524102
    −0.08 pp2.4% → 2.3%
  4. HONHoneywell International Inc
    −0.07 pp0.1% → 0.0%History
  5. AXPAmerican Express Co
    −0.05 pp0.8% → 0.8%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$717.8M
+$113.2M (+18.7%) vs. prior quarter
Positions
174
+8 vs. prior quarter
Top 10 concentration
48.3%
Top 10 as share of value
Turnover
2.0%
Q2 2026, 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

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

Peak $717.8M (Q2 2026)

Q1 2021: $256.9MQ2 2021: $290.7MQ3 2021: $289.7MQ4 2021: $286.2MQ1 2022: $295.1MQ2 2022: $257.9MQ3 2022: $250.2MQ4 2022: $276.6MQ1 2023: $316.0MQ2 2023: $331.8MQ3 2023: $331.5MQ4 2023: $353.1MQ1 2024: $396.5MQ2 2024: $396.7MQ3 2024: $426.0MQ4 2024: $412.0MQ1 2025: $447.6MQ2 2025: $497.0MQ3 2025: $550.6MQ4 2025: $578.9MQ1 2026: $604.6MQ2 2026: $717.8M
Q1 2021Q2 2026
13F filings of Elgethun Capital Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 29, 2026174$717.8MLLYBRK.BFRFHFvs. Q1 2026SEC
Q1 2026May 14, 2026166$604.6MBRK.BLLYFRFHFvs. Q4 2025SEC
Q4 2025Feb 10, 2026164$578.9MBRK.BFRFHFiShares Trvs. Q3 2025SEC
Q3 2025Nov 13, 2025156$550.6MBRK.BFRFHFiShares Trvs. Q2 2025SEC
Q2 2025Aug 13, 2025151$497.0MBRK.BFRFHFiShares Trvs. Q1 2025SEC
Q1 2025May 9, 2025151$447.6MBRK.BFRFHFiShares Trvs. Q4 2024SEC
Q4 2024Feb 13, 2025154$412.0MBRK.BFRFHFLLYvs. Q3 2024SEC
Q3 2024Nov 14, 2024153$426.0MBRK.BFRFHFLLYvs. Q2 2024SEC
Q2 2024Aug 14, 2024154$396.7MBRK.BFRFHFLLYvs. Q1 2024SEC
Q1 2024May 14, 2024156$396.5MBRK.BFRFHFLLYvs. Q4 2023SEC
Q4 2023Feb 14, 2024154$353.1MBRK.BFRFHFiShares Core MSCI Emerging Markets ETFvs. Q3 2023SEC
Q3 2023Nov 13, 2023158$331.5MBRK.BFRFHFiShares Core MSCI Emerging Markets ETFvs. Q2 2023SEC
Q2 2023Aug 11, 2023158$331.8MBRK.BFRFHFiShares Core MSCI Emerging Markets ETFvs. Q1 2023SEC
Q1 2023May 12, 2023131$316.0MBRK.BFRFHFiShares Core MSCI Emerging Markets ETFvs. Q4 2022SEC
Q4 2022Feb 10, 2023125$276.6MBRK.BiShares Core MSCI Emerging Markets ETFiShares Trvs. Q3 2022SEC
Q3 2022Nov 14, 2022120$250.2MBRK.BSchwab Fundamental Emerging Markets Equity ETFSchwab International Equity ETFvs. Q2 2022SEC
Q2 2022Aug 12, 2022117$257.9MBRK.BSchwab Fundamental Emerging Markets Equity ETFSchwab International Equity ETFvs. Q1 2022SEC
Q1 2022May 11, 2022112$295.1MBRK.BSchwab Fundamental Emerging Markets Equity ETFSchwab International Equity ETFvs. Q4 2021SEC
Q4 2021Feb 11, 2022108$286.2MBRK.BSchwab Fundamental Emerging Markets Equity ETFSchwab International Equity ETFvs. Q3 2021SEC
Q3 2021Nov 12, 2021106$289.7MBRK.BSchwab Fundamental Emerging Markets Equity ETFSchwab U.S. Broad Market ETFvs. Q2 2021SEC
Q2 2021Aug 13, 2021104$290.7MBRK.BSchwab U.S. Broad Market ETFSchwab Fundamental Emerging Markets Equity ETFvs. Q1 2021SEC
Q1 2021May 14, 2021101$256.9MBRK.BSchwab U.S. Broad Market ETFSchwab Fundamental Emerging Markets Equity ETF–SEC

13D and 13G filings

Companies where Elgethun Capital Management reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Elgethun Capital Management owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
CWGLCrimson Wine Group, Ltd13G/A8.00%1.66M shares+1.00 ppfrom 7.00%Feb 13, 20243 filingsFeb 6, 2026SEC

Latest filings

3 filings on file made by Elgethun Capital Management or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Elgethun Capital Management
CompanyFiled (ET)FormStakeChangeEvent dateFiling
CWGLCrimson Wine Group, LtdFeb 6, 202611:23 AM ET13G/A8.00%1.66M shares+1.00 ppfrom 7.00%Dec 31, 2025SEC
CWGLCrimson Wine Group, LtdFeb 10, 20253:05 PM ET13G/A7.00%1.47M shares+0.50 ppfrom 6.50%Dec 31, 2024SEC
CWGLCrimson Wine Group, LtdFeb 13, 20241:11 PM ET13G6.50%1.37M sharesNewDec 31, 2023SEC