Elgethun Capital Management
Long book
$604.6M
Q1 2026
Positions
166
Top-10 weight
50%
concentration
Last quarter
+10.3%
SPY +14.8%
Turnover
5%
of book per quarter
Strategy in plain words
auto-generated from filingsElgethun Capital Management is an institutional manager, running a $604.6M US long book across 166 positions.
The portfolio is concentrated: the top 10 names carry 50% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: BERKSHIRE HATHAWAY INC-CL B, ELI LILLY & CO, FAIRFAX FINANCIAL HLDGS LTD, ISHARES MSCI EAFE VALUE ETF, ISHARES CORE MSCI EMERGING.
Over the last 9 quarters its long book ran on average 0.7pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.3%
Q2 2024
+8.5%
Q3 2024
+0.8%
Q4 2024
+3.7%
Q1 2025
+5.3%
Q2 2025
+5.0%
Q3 2025
+1.7%
Q4 2025
-1.5%
Q1 2026
+10.3%
Sector allocation
Financials 44%
Healthcare 13%
Consumer discretionary 7%
Technology 7%
Industrials 5%
Communications 5%
Services media 5%
Real estate 4%
Long book by quarter
What does Elgethun Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 132.2K | $63.4M | 10.5% | +0.2% |
| LLY ELI LILLY & CO | Healthcare | 51.3K | $47.2M | 7.8% | +108.1% |
| FRFHF FAIRFAX FINANCIAL HLDGS LTD | Financials | 24.8K | $42.3M | 7.0% | -0.1% |
| C CITIGROUP INC | Financials | 167.1K | $19.0M | 3.1% | -4.4% |
| CASH PATHWARD FINANCIAL INC | Financials | 203.8K | $18.2M | 3.0% | +0.5% |
| BOC BOSTON OMAHA CORP-CL A | Real estate | 1.5M | $17.0M | 2.8% | +0.3% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 155.6K | $14.6M | 2.4% | -2.9% |
| TBBK BANCORP INC/THE | Financials | 224.9K | $12.1M | 2.0% | +2.1% |
| DRVN DRIVEN BRANDS HOLDINGS INC | Services media | 942.3K | $11.9M | 2.0% | +76.9% |
| FWONA LIBERTY MEDIA CORP-FORMULA-A | Communications | 149.4K | $11.7M | 1.9% | +1.3% |
| LBTYK LIBERTY GLOBAL LTD-C | Communications | 858.0K | $10.1M | 1.7% | +3.4% |
| MSFT MICROSOFT CORP | Technology | 26.7K | $9.9M | 1.6% | +13.0% |
| OXY OCCIDENTAL PETROLEUM CORP | Energy | 147.6K | $9.6M | 1.6% | +1.3% |
| AAP ADVANCE AUTO PARTS INC | Consumer discretionary | 171.9K | $9.1M | 1.5% | +1.0% |
| CWGL CRIMSON WINE GROUP LTD | Consumer staples | 1.8M | $7.8M | 1.3% | +6.2% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 187.1K | $7.1M | 1.2% | +1.5% |
| DFH DREAM FINDERS HOMES INC - A | Industrials | 505.4K | $7.0M | 1.2% | +2.1% |
| BATRK ATLANTA BRAVES HOLDINGS IN-C | Services media | 164.3K | $7.0M | 1.2% | +2.5% |
| KR KROGER CO | Consumer discretionary | 78.4K | $5.7M | 0.9% | -1.2% |
| FFXDF FAIRFAX INDIA HO-SUB VTG SHS | — | 339.9K | $5.5M | 0.9% | +0.8% |
| AXP AMERICAN EXPRESS CO | Financials | 16.9K | $5.1M | 0.8% | -1.0% |
| NVDA NVIDIA CORP | Technology | 26.7K | $4.7M | 0.8% | -1.4% |
| AMZN AMAZON.COM INC | Consumer discretionary | 22.1K | $4.6M | 0.8% | +0.6% |
| NVR NVR INC | Industrials | 660 | $4.3M | 0.7% | +3.1% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 6 | $4.3M | 0.7% | +100.0% |
| AAPL APPLE INC | Technology | 15.0K | $3.8M | 0.6% | 0.0% |
| ACI ALBERTSONS COS INC - CLASS A | Consumer discretionary | 213.6K | $3.6M | 0.6% | +0.8% |
| WMT WALMART INC | Consumer discretionary | 24.0K | $3.0M | 0.5% | -0.3% |
| GOOG ALPHABET INC-CL C | Technology | 9.9K | $2.8M | 0.5% | 0.0% |
| UNH UNITEDHEALTH GROUP INC | Financials | 10.4K | $2.8M | 0.5% | -3.1% |
| GOOGL ALPHABET INC-CL A | Technology | 9.7K | $2.8M | 0.5% | 0.0% |
| STLA STELLANTIS NV | Industrials | 295.8K | $2.1M | 0.3% | -7.2% |
| MRK MERCK & CO. INC. | Healthcare | 14.7K | $1.8M | 0.3% | +23.3% |
| WRB WR BERKLEY CORP | Financials | 24.1K | $1.6M | 0.3% | 0.0% |
| JPM JPMORGAN CHASE & CO | Financials | 5.3K | $1.6M | 0.3% | 0.0% |
| CSX CSX CORP | Industrials | 34.7K | $1.4M | 0.2% | +182.0% |
| BWB BRIDGEWATER BANCSHARES INC | Financials | 79.2K | $1.4M | 0.2% | 0.0% |
| ABBV ABBVIE INC | Healthcare | 6.2K | $1.3M | 0.2% | -2.2% |
| XOM EXXON MOBIL CORP | Energy | 7.8K | $1.3M | 0.2% | -3.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 5.4K | $1.3M | 0.2% | +30.8% |
| V VISA INC-CLASS A SHARES | Services media | 4.0K | $1.2M | 0.2% | Held |
| AVGO BROADCOM INC | Technology | 3.9K | $1.2M | 0.2% | +0.1% |
| CVX CHEVRON CORP | Energy | 5.8K | $1.2M | 0.2% | +16.6% |
| HD HOME DEPOT INC | Consumer discretionary | 3.5K | $1.2M | 0.2% | +6.2% |
| MCD MCDONALD'S CORP | Consumer discretionary | 3.5K | $1.1M | 0.2% | +0.3% |
| MMM 3M CO | Healthcare | 6.9K | $1.0M | 0.2% | +0.1% |
| CAT CATERPILLAR INC | Industrials | 1.4K | $964K | 0.2% | +22.2% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 5.7K | $942K | 0.2% | +22.7% |
| BBY BEST BUY CO INC | Consumer discretionary | 13.7K | $881K | 0.1% | New |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 8.9K | $871K | 0.1% | +36.5% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 166 | $604.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 164 | $578.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 156 | $550.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 151 | $497.0M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 9, 2025 | 151 | $447.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 154 | $412.0M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 153 | $426.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 154 | $396.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 156 | $396.5M | canonical | SEC ↗ |
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