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Livermore
Livermore
ZHEN

Poehling Capital Management, LLC

SEC CIK
0001730815
Latest filing
Jul 20, 2026

The latest 13F from Poehling Capital Management, LLC covers Q2 2026 (filed Jul 20, 2026): 166 long positions worth $466.3M. The top 10 holdings make up 36.2% of the portfolio, and the largest is Berkshire Hathaway Inc (BRK.B) at 6.6%. 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
31
Est. +$24.7M
Added
44
Est. +$10.6M
Reduced
71
Est. −$17.0M
Sold out
18
Est. −$60.7M

Top 5 holdings

Share of this quarter's portfolio value

  1. BRK.BBerkshire Hathaway Inc
    6.6%$30.9MHistory
  2. MKLMarkel Group Inc.
    5.7%$26.7MHistory
  3. GOOGAlphabet Inc.
    4.8%$22.4MHistory
  4. SCHWSchwab Charles Corp
    3.6%$16.6MHistory
  5. CNNECannae Holdings, Inc.
    3.0%$13.8MHistory

Share of portfolio

Top 5 holdings and the other 161 positions, by share of portfolio value

  1. BRK.B6.6%
  2. MKL5.7%
  3. GOOG4.8%
  4. SCHW3.6%
  5. CNNE3.0%
  6. Other 161 positions76.3%

Biggest buys

New and added positions, by estimated amount bought

  1. DHRDanaher Corp
    +$3.95MNewHistory
  2. KKRKKR & Co. Inc.
    +$2.88MNewHistory
  3. BROBrown & Brown, Inc.
    +$2.51MNewHistory
  4. INTUIntuit Inc.
    +$2.38MNewHistory
  5. DVNDevon Energy Corp
    +$1.89MNewHistory

Largest weight increases

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

  1. DHRDanaher Corp
    +0.85 pp0.0% → 0.8%History
  2. CNNECannae Holdings, Inc.
    +0.68 pp2.3% → 3.0%History
  3. KKRKKR & Co. Inc.
    +0.62 pp0.0% → 0.6%History
  4. BRK.BBerkshire Hathaway Inc
    +0.61 pp6.0% → 6.6%History
  5. BROBrown & Brown, Inc.
    +0.54 pp0.0% → 0.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. FRFHFFairfax Financial Holdings Ltd
    −$31.8MSold outHistory
  2. Alimentation Couche-Ta F Class A002011646
    −$10.3MSold out
  3. GSGoldman Sachs Group Inc
    −$4.76MReducedHistory
  4. Nestle SA ADR641069406
    −$4.24MSold out
  5. GEVGE Vernova Inc.
    −$3.87MReducedHistory

Largest weight decreases

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

  1. FRFHFFairfax Financial Holdings Ltd
    −6.69 pp6.7% → 0.0%History
  2. Alimentation Couche-Ta F Class A002011646
    −2.16 pp2.2% → 0.0%
  3. Nestle SA ADR641069406
    −0.89 pp0.9% → 0.0%
  4. GSGoldman Sachs Group Inc
    −0.81 pp1.0% → 0.2%History
  5. KKR & Co. Inc.48248M102
    −0.61 pp0.6% → 0.0%

Metrics

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

Portfolio value
$466.3M
−$8.70M (−1.8%) vs. prior quarter
Positions
166
+13 vs. prior quarter
Top 10 concentration
36.2%
Top 10 as share of value
Turnover
7.5%
Q2 2026, one quarter
Average holding period
16.1 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 $488.7M (Q4 2025)

Q1 2021: $285.7MQ2 2021: $314.0MQ3 2021: $296.1MQ4 2021: $309.8MQ1 2022: $323.6MQ2 2022: $265.9MQ3 2022: $238.7MQ4 2022: $267.1MQ1 2023: $296.7MQ2 2023: $296.0MQ3 2023: $285.8MQ4 2023: $315.8MQ1 2024: $373.3MQ2 2024: $365.4MQ3 2024: $391.1MQ4 2024: $406.5MQ1 2025: $395.2MQ2 2025: $428.1MQ3 2025: $475.8MQ4 2025: $488.7MQ1 2026: $475.0MQ2 2026: $466.3M
Q1 2021Q2 2026
13F filings of Poehling Capital Management, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 20, 2026166$466.3MBRK.BMKLGOOGvs. Q1 2026SEC
Q1 2026Apr 21, 2026153$475.0MFRFHFBRK.BMKLvs. Q4 2025SEC
Q4 2025Feb 6, 2026141$488.7MFRFHFBRK.BMKLvs. Q3 2025SEC
Q3 2025Nov 5, 2025136$475.8MFRFHFBRK.BMKLvs. Q2 2025SEC
Q2 2025Aug 11, 2025135$428.1MFRFHFBRK.BMKLvs. Q1 2025SEC
Q1 2025May 2, 2025131$395.2MBRK.BFRFHFMKLvs. Q4 2024SEC
Q4 2024Feb 18, 2025135$406.5MBRK.BFRFHFMKLvs. Q3 2024SEC
Q3 2024Nov 13, 2024134$391.1MBRK.BFRFHFMKLvs. Q2 2024SEC
Q2 2024Aug 9, 2024130$365.4MBRK.BFRFHFMKLvs. Q1 2024SEC
Q1 2024May 10, 2024128$373.3MBRK.BFRFHFMKLvs. Q4 2023SEC
Q4 2023Feb 13, 2024127$315.8MBRK.BMKLSCHWvs. Q3 2023SEC
Q3 2023Nov 15, 2023123$285.8MBRK.BMKLAAPLvs. Q2 2023SEC
Q2 2023Aug 14, 2023122$296.0MBRK.BMKLAAPLvs. Q1 2023SEC
Q1 2023May 11, 2023122$296.7MBRK.BMKLAAPLvs. Q4 2022SEC
Q4 2022Feb 13, 2023121$267.1MBRK.BMKLVTRSvs. Q3 2022SEC
Q3 2022Nov 14, 2022112$238.7MBRK.BAAPLMKLvs. Q2 2022SEC
Q2 2022Aug 9, 2022124$265.9MBRK.BVIXYVTRSvs. Q1 2022SEC
Q1 2022May 16, 2022147$323.6MBRK.BAAPLMKLvs. Q4 2021SEC
Q4 2021Jan 10, 2022139$309.8MBRK.BAAPLCNNEvs. Q3 2021SEC
Q3 2021Nov 12, 2021135$296.1MBRK.BAAPLGOOGvs. Q2 2021SEC
Q2 2021Aug 13, 2021148$314.0MBRK.BAAPLGOOGvs. Q1 2021SEC
Q1 2021May 11, 2021157$285.7MBRK.BCNNEMKL–SEC