Pecaut & Co. reported 37 positions worth $121.73M for the quarter ended Sep 30, 2026, down 5.7% on the prior quarter. It opened 2 new positions, added to 5, trimmed 16 and exited 1. Its largest holding is Berkshire Hathaway Inc at 23% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| NFLX Netflix Inc | +49.8K | – | $3.46M | 2.84% |
| CASY Caseys General Stores Inc | +3,337 | +128.3% | $2.03M | 2.97% |
| PGR Progressive Corp | +1,000 | – | $207.31K | 0.17% |
| NRP Natural Resource Partners Lp | +1,000 | +12.4% | $108.73K | 0.811% |
| KNF Knife River Corp | +1,600 | +3.2% | $80.67K | 2.14% |
| NVDA Nvidia Corp | +65 | +0.9% | $14.85K | 1.4% |
| LB LandBridge Corp | +1 | +0.0% | $81.17 | 1.06% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| ICE Intercontinental Exchange, Inc. | -8,444 | -51.4% | $1.28M | 0.999% |
| BRK-B Berkshire Hathaway Inc | -2,338 | -4.0% | $1.16M | 22.97% |
| BLDR Builders FirstSource, Inc. | -17.5K | -65.1% | $997.68K | 0.439% |
| GOOG Alphabet Inc. | -2,862 | -5.4% | $975.19K | 14.02% |
| LOW Lowes Companies Inc | -4,505 | -24.3% | $830.20K | 2.13% |
| FND Floor & Decor Holdings, Inc. | -13.7K | -100.0% | $813.23K | Exited |
| WMT Walmart Inc. | -2,999 | -24.7% | $311.67K | 0.779% |
| URI United Rentals, Inc. | -300 | -21.4% | $300.26K | 0.907% |
| AAPL Apple Inc. | -711 | -2.0% | $236.78K | 9.55% |
| AN Autonation, Inc. | -1,260 | -5.3% | $198.37K | 2.89% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| FND Floor & Decor Holdings, Inc. | -13.7K | $813.23K | 0.63% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | BRK-B Berkshire Hathaway Inc | Financial Services | 56.1K | $27.96M | 22.97% | -2,338 | -4.0% | Reduced | 0% |
| 2 | GOOG Alphabet Inc. | Technology | 50.1K | $17.06M | 14.02% | -2,862 | -5.4% | Reduced | 0% |
| 3 | AAPL Apple Inc. | Technology | 34.9K | $11.62M | 9.55% | -711 | -2.0% | Reduced | 0% |
| 4 | TPL Texas Pacific Land Corp | Real Estate | 20.6K | $6.70M | 5.5% | 0 | 0.0% | Unchanged | 0.03% |
| 5 | COST Costco Wholesale Corp | Consumer Staples | 6,907 | $6.29M | 5.17% | -170 | -2.4% | Reduced | 0% |
| 6 | BRK-A Berkshire Hathaway Inc | Financial Services | 8 | $5.98M | 4.91% | 0 | 0.0% | Unchanged | 0% |
| 7 | MSFT Microsoft Corp | Technology | 8,279 | $4.25M | 3.49% | -22 | -0.3% | Reduced | 0% |
| 8 | CASY Caseys General Stores Inc | Consumer Staples | 5,937 | $3.61M | 2.97% | +3,337 | +128.3% | Added | 0.02% |
| 9 | AN Autonation, Inc. | Consumer Discretionary | 22.3K | $3.51M | 2.89% | -1,260 | -5.3% | Reduced | 0.07% |
| 10 | NFLX Netflix Inc | Technology | 49.8K | $3.46M | 2.84% | +49.8K | – | New | 0% |
| 11 | KNF Knife River Corp | Basic Materials | 51.7K | $2.61M | 2.14% | +1,600 | +3.2% | Added | 0.09% |
| 12 | LOW Lowes Companies Inc | Consumer Discretionary | 14.1K | $2.59M | 2.13% | -4,505 | -24.3% | Reduced | 0% |
| 13 | WBI WaterBridge Infrastructure LLC | Energy | 87.0K | $2.45M | 2.01% | 0 | 0.0% | Unchanged | 0.16% |
| 14 | WTM White Mountains Insurance Group Ltd | Financial Services | 1,142 | $2.29M | 1.88% | 0 | 0.0% | Unchanged | 0.05% |
| 15 | SBUX Starbucks Corp | Consumer Discretionary | 20.7K | $1.94M | 1.6% | 0 | 0.0% | Unchanged | 0% |
Tip. Select a row to see that position’s full history at Pecaut.
As of its Q3 2026 13F filing, Pecaut & Co.’s five largest positions were Berkshire Hathaway Inc (BRK-B) at 23.0%, Alphabet Inc. (GOOG) at 14.0%, Apple Inc. (AAPL) at 9.5%, Texas Pacific Land Corp (TPL) at 5.5%, Costco Wholesale Corp (COST) at 5.2% of the reported portfolio.
Pecaut & Co. reported a 13F portfolio worth $121.73M across 37 positions for Q3 2026. That is down 5.7% from the previous quarter.
Its largest purchases by value were Netflix Inc ($3.46M), Caseys General Stores Inc ($2.03M), Progressive Corp ($207.31K). It opened 2 new positions.
Its largest sales by value were Intercontinental Exchange, Inc. ($1.28M), Berkshire Hathaway Inc ($1.16M), Builders FirstSource, Inc. ($997.68K). It exited 1 positions entirely.
From the Form 13F-HR reports Pecaut & Co. files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.