PECAUT & CO.
Sector Allocation
- Other64.7%$223.6M
- Financials14.5%$50.1M
- Technology10.0%$34.6M
- Consumer Discretionary3.4%$11.7M
- Consumer Staples2.1%$7.2M
- Industrials1.4%$4.9M
- Materials1.4%$4.8M
- Communication Services1.3%$4.4M
- Energy1.0%$3.4M
- Healthcare0.2%$548,012
AUM History
13fpro.ai/research/fund/pecaut-and-co-1597200
Conviction and streaks
Stable · top 10 = 59.7%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
BRK.B
$28.0M- SPDR$26.2M
- J$25.6M
- VANGUARD$24.8M
- ISHARES$20.1M
- SPDR$19.0M
GOOG
$17.1M- ISHARES$16.6M
- SPDR$15.3M
- VANGUARD$13.8M
AAPL
$11.6M- SPDR$11.6M
- FIRST$8.9M
- LISTED$8.0M
TPL
$6.7M- SPDR$6.7M
COST
$6.3MBRK.A
$6.0M- FIRST$5.5M
MSFT
$4.2M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/pecaut-and-co-1597200
PECAUT & CO. 13F holdings — Q3 2026
$345.7M portfolio (+5.3% QoQ) · 69 holdings · Q3 2026 13F · top 10 are 60% of the stock portfolio
$28.0M
8.1% of stocks
-4%This quarter—Since filed11+ qtrsHeld- 2
SPDR SERIES TRUST - ST STR BL 12 ETF
$26.2M
7.6% of stocks
+2%This quarter—Since filed—HeldAIQuality—Est. buy— - 3
J P MORGAN EXCHANGE TRADED F - INCOME ETF
$25.6M
7.4% of stocks
NewThis quarter—Since filedNew this quarterHeldAIQuality—Est. buy— - 4
VANGUARD SCOTTSDALE FDS - SHRT TRM CORP BD
$24.8M
7.2% of stocks
+2%This quarter—Since filed—HeldAIQuality—Est. buy— - 5
ISHARES INC - MSCI EMRG CHN
$20.1M
5.8% of stocks
+0.5%This quarter—Since filed—HeldAIQuality—Est. buy— - 6
SPDR SERIES TRUST - ST STR P500GRW
$19.0M
5.5% of stocks
-0.7%This quarter—Since filed—HeldAIQuality—Est. buy— $17.1M
4.9% of stocks
-5%This quarter0.0%Since filed11+ qtrsHeldAIQuality77.7#61Est. buyEstimated buy price is Pro: unlock with a free trialTrimmed 10 qtrs in a row- 8
ISHARES TR - 0-3 MTH TREASURY
$16.6M
4.8% of stocks
+1%This quarter—Since filed—HeldAIQuality—Est. buy— - 9
SPDR INDEX SHS FDS - ST STR PO EX ETF
$15.3M
4.4% of stocks
+2%This quarter—Since filed—HeldAIQuality—Est. buy— - 10
VANGUARD SPECIALIZED FUNDS - DIV APP ETF
$13.8M
4.0% of stocks
+2%This quarter—Since filed—HeldAIQuality—Est. buy—
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $28.0M | 8.1% | -4% | — | 11+ qtrs | 73.5#124 | Estimated buy price is Pro: unlock with a free trial | ||
| 2 | SPDR SERIES TRUST - ST STR BL 12 ETF | $26.2M | 7.6% | +2% | — | — | — | — | |
| 3 | J P MORGAN EXCHANGE TRADED F - INCOME ETF | $25.6M | 7.4% | New | — | New this quarter | — | — | |
| 4 | VANGUARD SCOTTSDALE FDS - SHRT TRM CORP BD | $24.8M | 7.2% | +2% | — | — | — | — | |
| 5 | ISHARES INC - MSCI EMRG CHN | $20.1M | 5.8% | +0.5% | — | — | — | — | |
| 6 | SPDR SERIES TRUST - ST STR P500GRW | $19.0M | 5.5% | -0.7% | — | — | — | — | |
| 7 | $17.1M | 4.9% | -5% | 0.0% | 11+ qtrsTrimmed 10 qtrs in a row | 77.7#61 | Estimated buy price is Pro: unlock with a free trial | ||
| 8 | ISHARES TR - 0-3 MTH TREASURY | $16.6M | 4.8% | +1% | — | — | — | — | |
| 9 | SPDR INDEX SHS FDS - ST STR PO EX ETF | $15.3M | 4.4% | +2% | — | — | — | — | |
| 10 | VANGUARD SPECIALIZED FUNDS - DIV APP ETF | $13.8M | 4.0% | +2% | — | — | — | — |
All holdings — PECAUT & CO. (Q3 2026)
69 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | Apple Inc. | Technology | $11.6M | 3.4% | 35K | -2% | 11+ qtrsTrimmed 3 qtrs in a row | 75.7 | 13F | |
| 12 | — | SPDR SERIES TRUST - ST STR P500VALetf/fund | — | $11.6M | 3.4% | 190K | +2% | — | — | 13F |
| 13 | — | FIRST TR EXCHANGE-TRADED FD - NASDQ CLN EDGE | — | $8.9M | 2.6% | 50K | +2% | — | — | 13F |
| 14 | — | LISTED FDS TR - HORI KI INFL ETFetf/fund | — | $8.0M | 2.3% | 159K | +4% | — | — | 13F |
| 15 | Texas Pacific Land Corp | Financials | $6.7M | 1.9% | 21K | — | 11+ qtrs | 72.7 | 13F | |
| 16 | — | SPDR SERIES TRUST - ST STR P400MIDetf/fund | — | $6.7M | 1.9% | 106K | +0.6% | — | — | 13F |
| 17 | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $6.3M | 1.8% | 6,907 | -2% | 11+ qtrs | 63.8 | 13F | |
| 18 | BERKSHIRE HATHAWAY INC | Financials | $6.0M | 1.7% | 8 | — | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | — | FIRST TR EXCHANGE TRADED FD - RBA INDL ETFetf/fund | — | $5.5M | 1.6% | 53K | -3% | — | — | 13F |
| 20 | MICROSOFT CORP | Technology | $4.2M | 1.2% | 8,279 | -0.3% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | CASEYS GENERAL STORES INC | Consumer Discretionary | $3.6M | 1.1% | 5,937 | +128% | 11+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | — | SPDR SERIES TRUST - ST STR SP600 SMLetf/fund | — | $3.5M | 1.0% | 66K | +0.5% | — | — | 13F |
| 23 | AUTONATION, INC. | Consumer Discretionary | $3.5M | 1.0% | 22K | -5% | 11+ qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | NETFLIX INC | Communication Services | $3.5M | 1.0% | 50K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | — | SPDR SERIES TRUST - ST STR BLO 1 ETFetf/fund | — | $3.3M | 1.0% | 36K | -5% | — | — | 13F |
| 26 | — | J P MORGAN EXCHANGE TRADED F - ULTRA SHT MUNCPL | — | $2.6M | 0.8% | 52K | +24% | |||
| 27 | $KNF | Knife River Corp | Materials | $2.6M | 0.8% | 52K | +3% | |||
| 28 | $LOW | LOWES COMPANIES INC | Consumer Discretionary | $2.6M | 0.8% | 14K | -24% | |||
| 29 | $WBI | WaterBridge Infrastructure LLC | Energy | $2.4M | 0.7% | 87K | — | |||
| 30 | — | VANGUARD INDEX FDS - MRNGSTR GRWT ETF | — | $2.4M | 0.7% | 26K | -4% | |||
| 31 | $WTM | WHITE MOUNTAINS INSURANCE GROUP LTD | Financials | $2.3M | 0.7% | 1,142 | — | |||
| 32 | — | VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT | — | $2.2M | 0.6% | 31K | +2% | |||
| 33 | $SBUX | STARBUCKS CORP | Consumer Discretionary | $1.9M | 0.6% | 21K | — | |||
| 34 | $GLDM | World Gold Trust | Financials | $1.8M | 0.5% | 22K | -2% | |||
| 35 | $NVDA | NVIDIA CORP | Technology | $1.7M | 0.5% | 7,456 | +0.9% | |||
| 36 | $WPM | Wheaton Precious Metals Corp. | Materials | $1.5M | 0.5% | 12K | — | |||
| 37 | $AXP | AMERICAN EXPRESS CO | Financials | $1.5M | 0.4% | 4,995 | -0.4% | |||
| 38 | — | VANGUARD INDEX FDS - MRNGSTR VAL ETF | — | $1.4M | 0.4% | 6,416 | -0.6% | |||
| 39 | $LB | LandBridge Corp | Financials | $1.3M | 0.4% | 16K | +0.0% | |||
| 40 | $ICE | Intercontinental Exchange, Inc. | Financials | $1.2M | 0.3% | 8,000 | -51% | |||
| 41 | $UNP | UNION PACIFIC CORP | Industrials | $1.1M | 0.3% | 4,139 | — | |||
| 42 | $URI | UNITED RENTALS, INC. | Industrials | $1.1M | 0.3% | 1,103 | -21% | |||
| 43 | $BWXT | BWX Technologies, Inc. | Industrials | $1.1M | 0.3% | 7,935 | — | |||
| 44 | $NRP | NATURAL RESOURCE PARTNERS LP | Energy | $987K | 0.3% | 9,075 | +12% | |||
| 45 | — | VANGUARD INDEX FDS - MRNGSTR SML CAP | — | $967K | 0.3% | 3,400 | +1.0% | |||
| 46 | $FWONA | Liberty Media Corp | Communication Services | $961K | 0.3% | 11K | -7% | |||
| 47 | — | VANGUARD INDEX FDS - MRNGSTR MID CAP | — | $954K | 0.3% | 12K | -1% | |||
| 48 | $WMT | Walmart Inc. | Consumer Staples | $948K | 0.3% | 9,124 | -25% | |||
| 49 | — | VANGUARD WORLD FD - ESG US STK ETF | — | $946K | 0.3% | 6,980 | -2% | |||
| 50 | $TDW | TIDEWATER INC | Industrials | $689K | 0.2% | 8,500 | -11% | |||
| 51 | $MSB | MESABI TRUST | Financials | $665K | 0.2% | 34K | — | |||
| 52 | — | VANGUARD INSTL INDEX FD - 0 3 MO TR BI ETF | — | $658K | 0.2% | 8,687 | New | |||
| 53 | $SOR | SOURCE CAPITAL /DE/ | Other | $623K | 0.2% | 14K | +0.8% | |||
| 54 | $JNJ | JOHNSON & JOHNSON | Healthcare | $548K | 0.2% | 2,070 | -3% | |||
| 55 | $BLDR | Builders FirstSource, Inc. | Industrials | $534K | 0.1% | 9,365 | -65% | |||
| 56 | — | ISHARES TR - ESG AW MSCI EAFE | — | $459K | 0.1% | 4,452 | -0.6% | |||
| 57 | $HE | HAWAIIAN ELECTRIC INDUSTRIES INC | Utilities | $369K | 0.1% | 41K | — | |||
| 58 | $LXU | LSB INDUSTRIES, INC. | Materials | $357K | 0.1% | 37K | — | |||
| 59 | $CNI | CANADIAN NATIONAL RAILWAY CO | Industrials | $319K | 0.1% | 2,684 | — | |||
| 60 | $SPY | SPDR S&P 500 ETF TRUST | — | $298K | 0.1% | 391 | +0.3% | |||
| 61 | — | ISHARES TR - ESG AWR MSCI USA | — | $291K | 0.1% | 1,742 | -7% | |||
| 62 | — | ISHARES TR - RUS 1000 VAL ETF | — | $287K | 0.1% | 1,158 | +0.2% | |||
| 63 | — | ISHARES TR - RUS 1000 GRW ETF | — | $283K | 0.1% | 2,260 | +0.0% | |||
| 64 | $RCG | RENN Fund, Inc. | Other | $277K | 0.1% | 93K | — | |||
| 65 | $OR | OR Royalties Inc. | Materials | $275K | 0.1% | 8,000 | — | |||
| 66 | $PHYS | Sprott Physical Gold Trust | Financials | $272K | 0.1% | 8,700 | — | |||
| 67 | $TFPM | Triple Flag Precious Metals Corp. | Financials | $216K | 0.1% | 7,000 | — | |||
| 68 | $PGR | PROGRESSIVE CORP/OH/ | Financials | $207K | 0.1% | 1,000 | New | |||
| 69 | $NAD | Nuveen Quality Municipal Income Fund | Other | $121K | 0.0% | 12K | New |
What changed in Q3 2026
Against the previous quarter's 13F: 5 new, 23 added to, 25 trimmed, 1 sold out. Share-count changes; largest moves by dollar size first.
New positions (5)
- J P MORGAN EXCHANGE TRADED F - INCOME ETF$25.6M
first bought this quarter
$NFLXNETFLIX INC$3.5M
first bought this quarter
- VANGUARD INSTL INDEX FD - 0 3 MO TR BI ETF$658K
first bought this quarter
$PGRPROGRESSIVE CORP/OH/$207K
first bought this quarter
$NADNuveen Quality Municipal Income Fund$121K
first bought this quarter
Added to (23)
$CASYCASEYS GENERAL STORES INC+128%
now $3.6M · held 11+ qtrs
- J P MORGAN EXCHANGE TRADED F - ULTRA SHT MUNCPL+24%
now $2.6M
- SPDR SERIES TRUST - ST STR BL 12 ETF+2%
now $26.2M
- VANGUARD SCOTTSDALE FDS - SHRT TRM CORP BD+2%
now $24.8M
- SPDR INDEX SHS FDS - ST STR PO EX ETF+2%
now $15.3M
- VANGUARD SPECIALIZED FUNDS - DIV APP ETF+2%
now $13.8M
+17 more in the Excel export
Trimmed (25)
$ICEIntercontinental Exchange, Inc.-51%
now $1.2M · held 11+ qtrs, 2 trims in a row
now $28.0M · held 11+ qtrs
$BLDRBuilders FirstSource, Inc.-65%
now $534K · held 11+ qtrs
now $17.1M · held 11+ qtrs, 10 trims in a row
$LOWLOWES COMPANIES INC-24%
now $2.6M · held 11+ qtrs, 3 trims in a row
$WMTWalmart Inc.-25%
now $948K · held 11+ qtrs
+19 more in the Excel export
Sold out (1)
$FNDFloor & Decor Holdings, Inc.was $813K
held 10+ qtrs
Holdings by quarter
Every 13F PECAUT & CO. has filed, 38 earlier quarters. Pick one to see what it held then.
Is it too late to follow PECAUT?
Q3 2026 13F filed with the SEC on Oct 27, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of PECAUT's top 20 holdings: 72/100 (our AI quality score, weighted by position size; 17 of the 20 are scored)
Top 10 since filing
0.0%
Value-weighted move of the 10 largest stock positions
Turnover
2%
Last quarter; 20% over the last 4
Top 10 weight
60%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
95%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
PECAUT & CO. disclosed 69 positions worth $345.7M in its Form 13F-HR for Q3 2026, led by $BRK.B (BERKSHIRE HATHAWAY INC) at 8.1% of the equity portfolio. During the quarter the fund opened 5 new positions and exited 1 and a full exit from $FND. The portfolio is most concentrated in Other (64.7% of disclosed assets). All figures are sourced directly from PECAUT & CO.’s Form 13F-HR filing with the SEC under CIK 1597200.
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