Managers / Q4 2025 · view latest →
Elgethun Capital Management
CIK 0001638022 · 231 S PHILLIPS AVE, SUITE 201, SIOUX FALLS, SD, 57104 · 605-367-3336
Reported Value
$579M
Q4 2025
Positions
164
Filings on Record
30
2019–present window
Filed
Feb 10, 2026
original filing
Summary
Elgethun Capital Management reported $579M in U.S.-listed holdings across 164 positions for Q4 2025.
Its largest position, BRK/B, represents 11.5% of the portfolio.
Compared with Q3 2025, the fund opened 10 new positions and exited 2.
Portfolio Metrics
Turnover
+3.0%
vs prior filed quarter
Top-10 Concentration
+49.5%
share of reported value
Largest Position
+11.5%
Berkshire Hathaway
New / Exited
10 / 2
positions this quarter
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
13F Reported Value
Portfolio Composition
By security type
- Common Stock · 65.2% · $377M
- ETP · 28.2% · $163M
- Other · 2.4% · $14M
- Tracking Stk · 2.3% · $13M
- MLP · 1.0% · $6M
- Other · 0.9% · $5M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| VTVVANGUARD INDEX FDS | NEW | +5.1K | 5.1K | +$977,016 | $977,016 |
| VUGVANGUARD INDEX FDS | NEW | +1.9K | 1.9K | +$924,007 | $924,007 |
| TSLATESLA INC | NEW | +1.2K | 1.2K | +$559,452 | $559,452 |
| KMXCARMAX INC | NEW | +12.1K | 12.1K | +$468,510 | $468,510 |
| VANGUARD INDEX FDS | NEW | +1.3K | 1.3K | +$371,772 | $371,772 |
| ARWRARROWHEAD PHARMACEUTICALS IN | NEW | +4.0K | 4.0K | +$265,560 | $265,560 |
| MOALTRIA GROUP INC | NEW | +4.1K | 4.1K | +$237,559 | $237,559 |
| CRCCANADIAN NAT RES LTD | NEW | +6.7K | 6.7K | +$226,727 | $226,727 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
42 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW · CL A | 11.85% | $69M | 131.9K |
| 2 | SCHWAB STRATEGIC TR | FUNDAMENTAL EMER · INTL EQTY ETF · US BRD MKT ETF · US LCAP GR ETF · US LCAP VA ETF · US LRG CAP ETF | 9.84% | $57M | 1.99M |
| 3 | FFHFAIRFAX FINANCIALhistory → | COM | 8.19% | $47M | 24.9K |
| 4 | ISHARES TR | EAFE VALUE ETF · RUS MID CAP ETF | 6.20% | $36M | 490.5K |
| 5 | LLYELI LILLY & COhistory → | COM | 4.57% | $26M | 24.6K |
| 6 | ISHARES INC | CORE MSCI EMKT | 4.21% | $24M | 362.8K |
| 7 | TRVCCITIGROUP INChistory → | COM NEW | 3.52% | $20M | 174.7K |
| 8 | BOCBOSTON OMAHA CORPhistory → | CL A COM STK | 3.11% | $18M | 1.45M |
| 9 | SCHWSCHWAB CHARLES CORPhistory → | COM | 2.77% | $16M | 160.3K |
| 10 | TBBKBANCORP INC DELhistory → | COM | 2.57% | $15M | 220.2K |
| 11 | CASHPATHWARD FINANCIAL INChistory → | COM | 2.49% | $14M | 202.8K |
| 12 | FWONALIBERTY MEDIA CORP DELhistory → | COM LBTY ONE S A | 2.28% | $13M | 147.5K |
| 13 | MSFTMICROSOFT CORPhistory → | COM | 1.98% | $11M | 23.7K |
| 14 | LIBERTY GLOBAL LTD | COM CL C | 1.58% | $9M | 830.1K |
| 15 | ALPS ETF TR | ALERIAN MLP | 1.53% | $9M | 188.6K |
| 16 | DFHDREAM FINDERS HOMES INChistory → | COM CL A | 1.46% | $8M | 495.0K |
| 17 | CWGLCRIMSON WINE GROUPhistory → | COM | 1.40% | $8M | 1.66M |
| 18 | DRVNDRIVEN BRANDS HLDGS INChistory → | COM | 1.36% | $8M | 532.5K |
| 19 | VANGUARD INDEX FDS | SM CP VAL ETF | 1.34% | $8M | 36.6K |
| 20 | VDEVANGUARD WORLD FDhistory → | ENERGY ETF | 1.26% | $7M | 57.8K |
| 21 | AWNADVANCE AUTO PARTS INChistory → | COM | 1.16% | $7M | 170.3K |
| 22 | BATRKATLANTA BRAVES HLDGS INChistory → | COM SER C | 1.09% | $6M | 160.3K |
| 23 | AXPAMERICAN EXPRESS COhistory → | COM | 1.09% | $6M | 17.0K |
| 24 | GOOGALPHABET INC | CAP STK CL C · CAP STK CL A | 1.06% | $6M | 19.6K |
| 25 | OXYOCCIDENTAL PETE CORPhistory → | COM | 1.03% | $6M | 145.7K |
| 26 | EPDENTERPRISE PRODS PARTNERS Lhistory → | COM | 1.02% | $6M | 184.3K |
| 27 | FIH/UFAIRFAX INDIAhistory → | COM | 1.02% | $6M | 337.1K |
| 28 | INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | 1.00% | $6M | 30.3K |
| 29 | INTCINTEL CORP | COM | 0.88% | $5M | 137.9K |
| 30 | AMZNAMAZON COM INC | COM | 0.87% | $5M | 21.9K |
| 31 | NVDANVIDIA CORPORATION | COM | 0.87% | $5M | 27.1K |
| 32 | KRKROGER CO | COM | 0.86% | $5M | 79.4K |
| 33 | NVRNVR INC | COM | 0.81% | $5M | 640 |
| 34 | AAPLAPPLE INC | COM | 0.70% | $4M | 15.0K |
| 35 | ACIALBERTSONS COS INC | COMMON STOCK | 0.63% | $4M | 211.9K |
| 36 | UNHUNITEDHEALTH GROUP INC | COM | 0.61% | $4M | 10.7K |
| 37 | STELLANTIS N.V | SHS | 0.60% | $3M | 318.7K |
| 38 | BLACKROCK MUN TARGET TERM TR | COM SHS BEN IN | 0.54% | $3M | 137.0K |
| 39 | WMTWALMART INC | COM | 0.46% | $3M | 24.0K |
| 40 | JPMJPMORGAN CHASE & CO. | COM | 0.30% | $2M | 5.3K |
| 41 | WRBBERKLEY W R CORP | COM | 0.29% | $2M | 24.1K |
| 42 | VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 0.26% | $2M | 28.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $605M | 166 | May 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $579M | 164 | Feb 10, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $551M | 156 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $497M | 151 | Aug 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $448M | 151 | May 9, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $412M | 154 | Feb 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $426M | 153 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $397M | 154 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $397M | 156 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $353M | 154 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $332M | 158 | Nov 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $332M | 158 | Aug 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $316M | 131 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $277M | 125 | Feb 10, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $250M | 120 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $258M | 117 | Aug 12, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $295M | 112 | May 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $286M | 108 | Feb 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $290M | 106 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $291M | 104 | Aug 13, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $257M | 101 | May 14, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $234M | 100 | Feb 11, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $183M | 94 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $172M | 98 | Aug 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $180M | 99 | May 8, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $205M | 96 | Feb 10, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $188M | 93 | Nov 8, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $183M | 93 | Aug 8, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $172M | 92 | May 8, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $144M | 89 | Feb 11, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.