PECAUT & CO.

CIK

1597200

Location

SIOUX CITY, IA

Portfolio Value

Small $105,704,009

Diversification

Diversified

Filing Date

Global Rank

#5,601 / 8,604 ▲ 237 · as of Mar 2026

Top Industry

Insurance - Diversified 26.5%

3Y Alpha vs SPY

-7.7%

Period ended 3 months ago

Filed May 11, 2026 · 58d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+42.6%

SPY

+76.5%

Annualised alpha

-8.3%

Max drawdown

−14.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

39 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

25.9%

−2.8 pts

Top 5

55.3%

−0.4 pts

Top 10

71.5%

−2.6 pts

HHI

993

Diversified−134

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	33.5%	$35,418,497	7
Energy	14.2%	$14,990,644	5
Consumer Cyclical	13.8%	$14,634,938	6
Technology	12.9%	$13,598,612	3
Consumer Defensive	8.2%	$8,620,133	2
Basic Materials	7.4%	$7,820,982	6
Industrials	5.9%	$6,236,242	5
Unclassified	2.2%	$2,315,519	2
Communication Services	0.9%	$949,296	1
Utilities	0.6%	$593,600	1
Healthcare	0.5%	$525,546	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

10 positions

Ticker	Company	Δ Shares	Shares	Value
WBI	WaterBridge Infrastructure LLC	+21,000	87,500	$2,344,125
BLDR	Builders FirstSource, Inc.	+7,330	26,865	$2,211,795
RCG	RENN Fund, Inc.	+7,033	93,099	$305,364
GLDM	World Gold Trust	+871	22,252	$2,062,537
NRP	Natural Resource Partners LP	+275	8,075	$977,075
SOR	Source Capital /De/	+142	13,453	$623,142
COST	Costco Wholesale Corp /New	+90	7,127	$7,101,556
WMT	Walmart Inc.	+55	12,219	$1,518,577
FWONA	Liberty Media Corp	+50	12,158	$949,296
WTM	White Mountains Insurance Group Ltd	+5	1,172	$2,574,837
No positions match the current search.

Trimmed

Positions the filer reduced

14 positions

Ticker	Company	Δ Shares	Shares	Value
TDW	Tidewater Inc	−3,000	9,500	$793,725
MSFT	Microsoft Corp	−2,363	8,336	$3,085,737
LXU	Lsb Industries, Inc.	−2,000	36,500	$543,850
NVDA	Nvidia Corp	−1,589	7,402	$1,290,908
AAPL	Apple Inc.	−1,261	36,337	$9,221,967
BRK-B	Berkshire Hathaway Inc	−1,178	57,101	$27,362,799
LOW	Lowes Companies Inc	−430	19,718	$4,658,969
LB	LandBridge Co LLC	−99	15,893	$1,097,411
JNJ	Johnson & Johnson	−72	2,150	$525,546
CASY	Caseys General Stores Inc	−25	2,600	$1,892,436
ICE	Intercontinental Exchange, Inc.	−11	17,291	$2,719,528
AXP	American Express Co	−10	5,040	$1,524,499
SPY	Spdr S&P 500 ETF Trust	−1	389	$252,982
UNP	Union Pacific Corp	−1	4,381	$1,062,918
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
SBUX	Starbucks Corp	20,700	$1,854,513
OR	OR Royalties Inc.	8,000	$304,160
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
CINF	Cincinnati Financial Corp	1,653	$269,967
RLI	Rli Corp	3,209	$205,311
SJT	San Juan Basin Royalty Trust	30,000	$168,600
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

39 positions · $105,704,009 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	57,101	-1,178	$27,362,799	−6.6%	25.89%
TPL	Texas Pacific Land Corp Energy	Held	20,605	0	$9,778,308	+65.2%	9.25%
AAPL	Apple Inc. Technology	Reduced	36,337	-1,261	$9,221,967	−9.8%	8.72%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	7,127	+90	$7,101,556	+17.0%	6.72%
AN	Autonation, Inc. Consumer Cyclical	Held	25,420	0	$4,963,509	−5.4%	4.70%
LOW	Lowes Companies Inc Consumer Cyclical	Reduced	19,718	-430	$4,658,969	−4.1%	4.41%
KNF	Knife River Corp Basic Materials	Held	50,790	0	$4,147,003	+16.1%	3.92%
MSFT	Microsoft Corp Technology	Reduced	8,336	-2,363	$3,085,737	−40.4%	2.92%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	17,291	-11	$2,719,528	−3.0%	2.57%
WTM	White Mountains Insurance Group Ltd Financial Services	Added	1,172	+5	$2,574,837	+6.2%	2.44%
WBI	WaterBridge Infrastructure LLC Energy	Added	87,500	+21,000	$2,344,125	+76.2%	2.22%
BLDR	Builders FirstSource, Inc. Industrials	Added	26,865	+7,330	$2,211,795	+10.0%	2.09%
GLDM	World Gold Trust	Added	22,252	+871	$2,062,537	+13.0%	1.95%
CASY	Caseys General Stores Inc Consumer Cyclical	Reduced	2,600	-25	$1,892,436	+30.4%	1.79%
SBUX	Starbucks Corp Consumer Cyclical	NEW	20,700	NEW	$1,854,513	NEW	1.75%
BWXT	BWX Technologies, Inc. Industrials	Held	8,135	0	$1,663,526	+18.3%	1.57%
AXP	American Express Co Financial Services	Reduced	5,040	-10	$1,524,499	−18.4%	1.44%
WMT	Walmart Inc. Consumer Defensive	Added	12,219	+55	$1,518,577	+12.1%	1.44%
WPM	Wheaton Precious Metals Corp. Basic Materials	Held	11,550	0	$1,513,165	+11.5%	1.43%
NVDA	Nvidia Corp Technology	Reduced	7,402	-1,589	$1,290,908	−23.0%	1.22%
LB	LandBridge Co LLC Energy	Reduced	15,893	-99	$1,097,411	+40.1%	1.04%
MSB	Mesabi Trust Basic Materials	Held	33,963	0	$1,069,834	−18.2%	1.01%
UNP	Union Pacific Corp Industrials	Reduced	4,381	-1	$1,062,918	+4.9%	1.01%
URI	United Rentals, Inc. Industrials	Held	1,403	0	$1,022,169	−10.0%	0.97%
NRP	Natural Resource Partners LP Energy	Added	8,075	+275	$977,075	+20.0%	0.92%
FWONA	Liberty Media Corp Communication Services	Added	12,158	+50	$949,296	−12.3%	0.90%
TDW	Tidewater Inc Energy	Reduced	9,500	-3,000	$793,725	+25.7%	0.75%
FND	Floor & Decor Holdings, Inc. Consumer Cyclical	Held	14,200	0	$721,360	−16.6%	0.68%
SOR	Source Capital /De/ Financial Services	Added	13,453	+142	$623,142	+2.3%	0.59%
HE	Hawaiian Electric Industries Inc Utilities	Held	40,000	0	$593,600	+20.7%	0.56%
NKE	NIKE, Inc. Consumer Cyclical	Held	10,302	0	$544,151	−17.1%	0.51%
LXU	Lsb Industries, Inc. Basic Materials	Reduced	36,500	-2,000	$543,850	+66.2%	0.51%
JNJ	Johnson & Johnson Healthcare	Reduced	2,150	-72	$525,546	+14.3%	0.50%
PHYS	Sprott Physical Gold Trust Financial Services	Held	8,700	0	$308,328	+7.3%	0.29%
RCG	RENN Fund, Inc. Financial Services	Added	93,099	+7,033	$305,364	+38.1%	0.29%
OR	OR Royalties Inc. Basic Materials	NEW	8,000	NEW	$304,160	NEW	0.29%
CNI	Canadian National Railway Co Industrials	Held	2,684	0	$275,834	+4.0%	0.26%
SPY	Spdr S&P 500 ETF Trust	Reduced	389	-1	$252,982	−4.9%	0.24%
TFPM	Triple Flag Precious Metals Corp. Basic Materials	Held	7,000	0	$242,970	+4.5%	0.23%