ELKHORN PARTNERS LIMITED PARTNERSHIP

CIK

928400

Location

OMAHA, NE

Portfolio Value

Small $116,721,462

Diversification

Highly concentrated

Filing Date

Global Rank

#5,353 / 8,586 ▲ 220

Top Industry

Real Estate Services 38.9%

3Y Alpha vs SPY

-17.8%

Period ended 3 months ago

Filed May 14, 2026 · 33d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+10.6%

SPY

+78.1%

Annualised alpha

-17.8%

Max drawdown

−25.9%

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

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

Top Position

38.9%

+3.6 pts

Top 5

91.8%

+1.1 pts

Top 10

96.9%

+0.2 pts

HHI

2,617

Highly concentrated+187

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	46.9%	$54,777,125	4
Real Estate	39.0%	$45,547,472	3
Communication Services	4.7%	$5,427,620	6
Technology	3.7%	$4,282,933	10
Utilities	2.7%	$3,159,585	1
Industrials	1.0%	$1,145,159	4
Basic Materials	0.8%	$917,955	4
Consumer Defensive	0.6%	$655,996	1
Healthcare	0.5%	$550,122	6
Consumer Cyclical	0.2%	$189,675	2
Energy	0.0%	$45,500	1
Unclassified	0.0%	$22,320	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

16 positions

Ticker	Company	Δ Shares	Shares	Value
CRDF	Cardiff Oncology, Inc.	+6,400	44,500	$72,090
NEPH	Nephros Inc	+5,000	12,000	$35,760
KMB	Kimberly Clark Corp	+4,300	6,800	$655,996
FORR	Forrester Research, Inc.	+2,000	5,000	$28,300
BA	Boeing Co	+740	4,900	$975,247
UBER	Uber Technologies, Inc	+700	2,600	$187,018
NFLX	Netflix Inc	+700	1,700	$163,455
AAPL	Apple Inc.	+540	12,100	$3,070,859
AMZN	Amazon Com Inc	+530	730	$152,037
BHVN	Biohaven Ltd.	+500	2,000	$16,920
PFE	Pfizer Inc	+400	7,400	$207,792
META	Meta Platforms, Inc.	+390	700	$400,491
BRK-B	Berkshire Hathaway Inc	+375	54,420	$26,078,064
FISV	Fiserv Inc	+270	400	$22,320
CRSP	CRISPR Therapeutics AG	+240	1,900	$90,383
FIG	Figma, Inc.	+100	600	$12,684
No positions match the current search.

Trimmed

Positions the filer reduced

13 positions

Ticker	Company	Δ Shares	Shares	Value
OXY	Occidental Petroleum Corp /De/	−37,300	700	$45,500
KW	Kennedy-Wilson Holdings, Inc.	−35,500	4,199,000	$45,433,180
DOW	Dow Inc.	−24,300	2,200	$91,630
ACTG	Acacia Research Corp	−9,500	25,000	$120,250
CDZI	Cadiz Inc	−8,500	643,500	$3,159,585
CLF	Cleveland-Cliffs Inc.	−2,900	9,500	$80,275
DD	DuPont de Nemours, Inc.	−1,600	3,300	$151,140
IFF	International Flavors & Fragrances Inc	−900	8,200	$594,910
WTM	White Mountains Insurance Group Ltd	−898	12,700	$27,901,392
GOOGL	Alphabet Inc.	−500	15,900	$4,572,204
UNH	Unitedhealth Group Inc	−430	470	$127,177
C	Citigroup Inc	−100	6,100	$691,801
HHH	Howard Hughes Holdings Inc.	−100	200	$12,652
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
CRM	Salesforce, Inc.	1,300	$242,671
PANW	Palo Alto Networks Inc	1,500	$240,480
MAX	MediaAlpha, Inc.	23,000	$213,900
NOW	ServiceNow, Inc.	1,300	$135,915
AXP	American Express Co	350	$105,868
NVDA	Nvidia Corp	300	$52,320
DIS	Walt Disney Co	500	$48,190
QXO	QXO, Inc.	1,100	$21,362
No positions match the current search.

Sold Out

Positions the filer fully exited

11 positions

Ticker	Company	Shares	Value
Q	Qnity Electronics, Inc.	2,500	$204,125
COST	Costco Wholesale Corp /New	150	$129,351
TAYD	Taylor Devices, Inc.	1,500	$87,690
CTO	CTO Realty Growth, Inc.	2,200	$40,502
CME	Cme Group Inc.	100	$27,308
OSK	Oshkosh Corp	200	$25,126
XOM	Exxon Mobil Corp	100	$12,034
CABO	Cable One, Inc.	100	$11,285
WEN	Wendy's Co	1,000	$8,330
KVUE	Kenvue Inc.	300	$5,175
OFLX	Omega Flex, Inc.	100	$2,944
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

43 positions · $116,721,462 total · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
CREX	Creative Realities, Inc. Technology	Held	15	0	$51	+30.8%	0.00%
HHH	Howard Hughes Holdings Inc. Real Estate	Reduced	200	-100	$12,652	−47.1%	0.01%
FIG	Figma, Inc. Technology	Added	600	+100	$12,684	−32.1%	0.01%
BHVN	Biohaven Ltd. Healthcare	Added	2,000	+500	$16,920	−0.1%	0.01%
QXO	QXO, Inc. Industrials	NEW	1,100	NEW	$21,362	NEW	0.02%
FISV	Fiserv Inc	Added	400	+270	$22,320	+155.6%	0.02%
FORR	Forrester Research, Inc. Industrials	Added	5,000	+2,000	$28,300	+16.2%	0.02%
RDI	Reading International Inc Communication Services	Held	26,000	0	$29,380	+7.6%	0.03%
NEPH	Nephros Inc Healthcare	Added	12,000	+5,000	$35,760	+4.7%	0.03%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	Held	300	0	$37,638	−14.4%	0.03%
OXY	Occidental Petroleum Corp /De/ Energy	Reduced	700	-37,300	$45,500	−97.1%	0.04%
DIS	Walt Disney Co Communication Services	NEW	500	NEW	$48,190	NEW	0.04%
DELL	Dell Technologies Inc. Technology	Held	300	0	$49,239	+30.4%	0.04%
NVDA	Nvidia Corp Technology	NEW	300	NEW	$52,320	NEW	0.04%
CRDF	Cardiff Oncology, Inc. Healthcare	Added	44,500	+6,400	$72,090	−32.7%	0.06%
CLF	Cleveland-Cliffs Inc. Basic Materials	Reduced	9,500	-2,900	$80,275	−51.3%	0.07%
CRSP	CRISPR Therapeutics AG Healthcare	Added	1,900	+240	$90,383	+3.8%	0.08%
DOW	Dow Inc. Basic Materials	Reduced	2,200	-24,300	$91,630	−85.2%	0.08%
FPH	Five Point Holdings, LLC Real Estate	Held	21,000	0	$101,640	−13.4%	0.09%
AXP	American Express Co Financial Services	NEW	350	NEW	$105,868	NEW	0.09%
ACTG	Acacia Research Corp Industrials	Reduced	25,000	-9,500	$120,250	−6.8%	0.10%
UNH	Unitedhealth Group Inc Healthcare	Reduced	470	-430	$127,177	−57.2%	0.11%
NOW	ServiceNow, Inc. Technology	NEW	1,300	NEW	$135,915	NEW	0.12%
DD	DuPont de Nemours, Inc. Basic Materials	Reduced	3,300	-1,600	$151,140	−23.3%	0.13%
AMZN	Amazon Com Inc Consumer Cyclical	Added	730	+530	$152,037	+229.3%	0.13%
NFLX	Netflix Inc Communication Services	Added	1,700	+700	$163,455	+74.3%	0.14%
UBER	Uber Technologies, Inc Technology	Added	2,600	+700	$187,018	+20.5%	0.16%
PFE	Pfizer Inc Healthcare	Added	7,400	+400	$207,792	+19.2%	0.18%
MAX	MediaAlpha, Inc. Communication Services	NEW	23,000	NEW	$213,900	NEW	0.18%
PANW	Palo Alto Networks Inc Technology	NEW	1,500	NEW	$240,480	NEW	0.21%
CRM	Salesforce, Inc. Technology	NEW	1,300	NEW	$242,671	NEW	0.21%
ADBE	Adobe Inc. Technology	Held	1,200	0	$291,696	−30.5%	0.25%
META	Meta Platforms, Inc. Communication Services	Added	700	+390	$400,491	+95.7%	0.34%
IFF	International Flavors & Fragrances Inc Basic Materials	Reduced	8,200	-900	$594,910	−3.0%	0.51%
KMB	Kimberly Clark Corp Consumer Defensive	Added	6,800	+4,300	$655,996	+160.1%	0.56%
C	Citigroup Inc Financial Services	Reduced	6,100	-100	$691,801	−4.4%	0.59%
BA	Boeing Co Industrials	Added	4,900	+740	$975,247	+8.0%	0.84%
AAPL	Apple Inc. Technology	Added	12,100	+540	$3,070,859	−2.3%	2.63%
CDZI	Cadiz Inc Utilities	Reduced	643,500	-8,500	$3,159,585	−13.6%	2.71%
GOOGL	Alphabet Inc. Communication Services	Reduced	15,900	-500	$4,572,204	−10.9%	3.92%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	54,420	+375	$26,078,064	−4.0%	22.34%
WTM	White Mountains Insurance Group Ltd Financial Services	Reduced	12,700	-898	$27,901,392	−1.3%	23.90%
KW	Kennedy-Wilson Holdings, Inc. Real Estate	Reduced	4,199,000	-35,500	$45,433,180	+11.0%	38.92%