Institutional
PECAUT & CO.
CIK 0001597200
$308.0M
Reported AUM
66
Positions
Q1 2026
Period
2026-05-11
Filed
The Brief · PECAUT & CO. · Q1 2026
AI · grounded in 13F
PECAUT & CO. established a new position in VCSH valued at $24.56M. The fund also opened a new stake in SBUX for $1.85M and increased its holdings in INFL by 186.47%. On the sell side, the fund closed its positions in CIBR and USMV, while trimming shares of BILS by 44.50%.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BRK/B | BERKSHIRE HATHAWAY INC DEL | — | — | — | — | $27.4M | 8.88% | −1,178 | −2.0% |
| 2 | BILS | SPDR SERIES TRUST | $99.19 | 0.01% | 4.25% | 17.65% | $25.5M | 8.27% | −205,341 | −44.5% |
| 3 | VCSH | VANGUARD SCOTTSDALE FDS | $78.61 | -0.29% | 4.93% | 11.78% | $24.6M | 7.97% | +309,836 | NEW |
| 4 | SGOV | ISHARES TR | $100.45 | 0.03% | 4.31% | 19.02% | $16.2M | 5.27% | −89,179 | −35.6% |
| 5 | EMXC | ISHARES INC | $96.67 | 2.94% | 58.86% | 72.47% | $16.1M | 5.21% | +45,800 | +28.9% |
| 6 | GOOG | ALPHABET INC | $365.76 | -0.95% | 109.82% | 172.71% | $15.6M | 5.05% | −6,244 | −10.3% |
| 7 | SPYG | SPDR SERIES TRUST | $117.75 | 1.03% | 28.20% | 85.39% | $15.3M | 4.97% | +1,450 | +0.9% |
| 8 | SPDW | SPDR INDEX SHS FDS | $49.33 | -3.71% | 26.64% | 54.23% | $13.5M | 4.39% | +76,506 | +34.9% |
| 9 | VIG | VANGUARD SPECIALIZED FUNDS | $233.28 | -1.37% | 18.28% | 59.52% | $12.3M | 4.00% | −1,201 | −2.1% |
| 10 | SPYV | SPDR SERIES TRUST | $60.69 | -1.12% | 20.34% | 67.96% | $10.0M | 3.26% | −11,227 | −6.0% |
| 11 | TPL | TEXAS PACIFIC LAND CORPORATI | $400.77 | 2.82% | 5.85% | 149.59% | $9.8M | 3.18% | — | HELD |
| 12 | AAPL | APPLE INC | $307.34 | -1.25% | 51.31% | 116.17% | $9.2M | 2.99% | −1,261 | −3.4% |
| 13 | GRID | FIRST TR EXCHANGE-TRADED FD | $188.76 | 0.64% | 42.91% | 104.62% | $8.2M | 2.65% | +731 | +1.5% |
| 14 | INFL | LISTED FDS TR | $50.99 | 0.47% | 21.00% | 80.69% | $7.8M | 2.53% | +97,248 | +186.5% |
| 15 | BRK/A | BERKSHIRE HATHAWAY INC DEL | — | — | — | — | $7.2M | 2.33% | — | HELD |
| 16 | COST | COSTCO WHOLESALE CORPORATION | $971.87 | -0.05% | -3.70% | 138.72% | $7.1M | 2.31% | +90 | +1.3% |
| 17 | SPMD | SPDR SERIES TRUST | $64.84 | -1.94% | 22.71% | 47.12% | $6.3M | 2.04% | −3,969 | −3.6% |
| 18 | AIRR | FIRST TR EXCHANGE TRADED FD | $127.97 | -2.91% | 61.45% | 212.43% | $6.1M | 1.98% | +7,639 | +16.1% |
| 19 | AN | AUTONATION INC | $187.46 | -0.14% | 0.34% | 54.72% | $5.0M | 1.61% | — | HELD |
| 20 | LOW | LOWES COS INC | $210.74 | 1.55% | -4.61% | 20.25% | $4.7M | 1.51% | −430 | −2.1% |
| 21 | KNF | KNIFE RIVER CORP | $72.43 | -2.34% | -19.64% | 70.60% | $4.1M | 1.35% | — | HELD |
| 22 | BIL | SPDR SERIES TRUST | $91.45 | 0.04% | 4.23% | 18.33% | $3.3M | 1.07% | −499 | −1.4% |
| 23 | SPSM | SPDR SERIES TRUST | $53.89 | 0.60% | 29.80% | 35.35% | $3.2M | 1.05% | −1,677 | −2.4% |
| 24 | MSFT | MICROSOFT CORP | $416.67 | -2.66% | -10.71% | 52.39% | $3.1M | 1.00% | −2,363 | −22.1% |
| 25 | ICE | INTERCONTINENTAL EXCHANGE IN | $141.50 | -0.39% | -19.88% | 25.58% | $2.7M | 0.88% | −11 | −0.1% |
| 26 | WTM | WHITE MTNS INS GROUP LTD | $2047.01 | -0.88% | 13.61% | 83.09% | $2.6M | 0.84% | +5 | +0.4% |
| 27 | WBI | WATERBRIDGE INFRASTRUCTURE L | $30.18 | 2.51% | 28.03% | 23.12% | $2.3M | 0.76% | +21,000 | +31.6% |
| 28 | JMST | J P MORGAN EXCHANGE TRADED F | $50.93 | 0.02% | 3.25% | 11.89% | $2.2M | 0.73% | +8,705 | +24.7% |
| 29 | BLDR | BUILDERS FIRSTSOURCE INC | $73.64 | -1.79% | -34.03% | 65.48% | $2.2M | 0.72% | +7,330 | +37.5% |
| 30 | GLDM | WORLD GOLD TR | $85.90 | 0.56% | 30.23% | 136.75% | $2.1M | 0.67% | +871 | +4.1% |
| 31 | VUG | VANGUARD INDEX FDS | $85.93 | -3.62% | — | — | $2.0M | 0.65% | −175 | −3.7% |
| 32 | VEA | VANGUARD TAX-MANAGED FDS | $69.17 | -3.72% | — | — | $1.9M | 0.63% | +7,979 | +35.8% |
| 33 | CASY | CASEYS GEN STORES INC | $761.91 | 0.04% | — | — | $1.9M | 0.61% | −25 | −1.0% |
| 34 | SBUX | STARBUCKS CORP | $95.29 | 1.22% | — | — | $1.9M | 0.60% | +20,700 | NEW |
| 35 | BWXT | BWX TECHNOLOGIES INC | — | — | — | — | $1.7M | 0.54% | — | HELD |
| 36 | AXP | AMERICAN EXPRESS CO | $310.66 | -0.60% | — | — | $1.5M | 0.50% | −10 | −0.2% |
| 37 | WMT | WALMART INC | $118.88 | 0.97% | — | — | $1.5M | 0.49% | +55 | +0.5% |
| 38 | WPM | WHEATON PRECIOUS METALS CORP | $116.23 | -9.50% | — | — | $1.5M | 0.49% | — | HELD |
| 39 | NVDA | NVIDIA CORPORATION | $205.10 | -6.20% | — | — | $1.3M | 0.42% | −1,589 | −17.7% |
| 40 | VTV | VANGUARD INDEX FDS | $212.02 | -1.36% | — | — | $1.3M | 0.41% | +86 | +1.4% |
| 41 | LB | LANDBRIDGE COMPANY LLC | $72.72 | 3.47% | — | — | $1.1M | 0.36% | −99 | −0.6% |
| 42 | MSB | MESABI TR | $24.70 | 0.47% | — | — | $1.1M | 0.35% | — | HELD |
| 43 | UNP | UNION PAC CORP | $272.32 | 3.19% | — | — | $1.1M | 0.35% | −1 | −0.0% |
| 44 | URI | UNITED RENTALS INC | $1067.77 | -1.55% | — | — | $1.0M | 0.33% | — | HELD |
| 45 | NRP | NATURAL RESOURCE PARTNERS LP | $105.75 | 0.23% | — | — | $977K | 0.32% | +275 | +3.5% |
| 46 | FWONA | LIBERTY MEDIA CORP DEL | $81.32 | 0.48% | — | — | $949K | 0.31% | +50 | +0.4% |
| 47 | VB | VANGUARD INDEX FDS | $288.20 | -2.44% | — | — | $876K | 0.28% | −65 | −1.9% |
| 48 | VO | VANGUARD INDEX FDS | $78.53 | -2.06% | — | — | $873K | 0.28% | +90 | +3.0% |
| 49 | ESGV | VANGUARD WORLD FD | $130.10 | -3.05% | — | — | $825K | 0.27% | −1,048 | −12.5% |
| 50 | TDW | TIDEWATER INC NEW | $72.48 | -2.42% | — | — | $794K | 0.26% | −3,000 | −24.0% |
| 51 | FND | FLOOR & DECOR HLDGS INC | $47.41 | -3.05% | — | — | $721K | 0.23% | — | HELD |
| 52 | XSORX | SOURCE CAPITAL | $49.44 | -0.96% | — | — | $623K | 0.20% | +142 | +1.1% |
| 53 | HE | HAWAIIAN ELEC INDS INC MTN B | $13.64 | 0.70% | — | — | $594K | 0.19% | — | HELD |
| 54 | NKE | NIKE INC | $42.98 | -1.47% | — | — | $544K | 0.18% | — | HELD |
| 55 | LXU | LSB INDS INC | $12.30 | -1.84% | — | — | $544K | 0.18% | −2,000 | −5.2% |
| 56 | JNJ | JOHNSON & JOHNSON | $232.77 | 2.02% | — | — | $526K | 0.17% | −72 | −3.2% |
| 57 | ESGD | ISHARES TR | $101.02 | -2.62% | — | — | $422K | 0.14% | +649 | +17.2% |
| 58 | PHYS | SPROTT ASSET MANAGEMENT LP | $32.54 | -3.76% | — | — | $308K | 0.10% | — | HELD |
| 59 | RCG | RENN FD INC | $2.78 | -0.36% | — | — | $305K | 0.10% | +7,033 | +8.2% |
| 60 | OR | OR ROYALTIES INC. | $34.18 | 0.92% | — | — | $304K | 0.10% | +8,000 | NEW |
| 61 | CNI | CANADIAN NATL RY CO | $120.38 | 0.74% | — | — | $276K | 0.09% | — | HELD |
| 62 | ESGU | ISHARES TR | $161.16 | -2.76% | — | — | $269K | 0.09% | −60 | −3.1% |
| 63 | SPY | STATE STR SPDR S&P 500 ETF T | $737.55 | -2.58% | — | — | $253K | 0.08% | −1 | −0.3% |
| 64 | IWD | ISHARES TR | $236.42 | -1.91% | — | — | $247K | 0.08% | −73 | −5.9% |
| 65 | IWF | ISHARES TR | $122.69 | -3.26% | — | — | $244K | 0.08% | — | HELD |
| 66 | TFPM | TRIPLE FLAG PRECIOUS METAL | $28.76 | 1.73% | — | — | $243K | 0.08% | — | HELD |
| 67 | CIBR | FIRST TR EXCHANGE TRADED FD | $86.70 | -4.41% | — | — | — | — | −90,213 | EXITED |
| 68 | USMV | ISHARES TR | $95.64 | -1.06% | — | — | — | — | −42,198 | EXITED |
| 69 | SHV | ISHARES TR | $110.12 | 0.03% | — | — | — | — | −4,437 | EXITED |
| 70 | CINF | CINCINNATI FINL CORP | $164.57 | -0.43% | — | — | — | — | −1,653 | EXITED |
| 71 | IHAK | ISHARES TR | $56.83 | -0.35% | — | — | — | — | −4,581 | EXITED |
| 72 | RLI | RLI CORP | $52.61 | 0.44% | — | — | — | — | −3,209 | EXITED |
| 73 | SJT | SAN JUAN BASIN RTY TR | $3.69 | -5.38% | — | — | — | — | −30,000 | EXITED |
Source: SEC EDGAR · accession 0001398344-26-008869. 13F discloses long positions only — shorts, foreign equities, and options are excluded.