LAWSON KROEKER INVESTMENT MANAGEMENT INC/NE
Long book
$343.1M
Q1 2026
Positions
59
Top-10 weight
52%
concentration
Last quarter
+5.6%
SPY +14.8%
Turnover
5%
of book per quarter
Strategy in plain words
auto-generated from filingsLAWSON KROEKER INVESTMENT MANAGEMENT INC/NE is a diversified fundamental manager, running a $343.1M US long book across 59 positions.
The portfolio is concentrated: the top 10 names carry 52% of the portfolio. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: TEXAS PACIFIC LAND CORP, BERKSHIRE HATHAWAY INC-CL B, PHILLIPS 66, ARTHUR J GALLAGHER & CO, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 1.9pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.7%
Q2 2024
+8.3%
Q3 2024
-0.9%
Q4 2024
+4.0%
Q1 2025
-1.0%
Q2 2025
+2.8%
Q3 2025
+1.7%
Q4 2025
+6.0%
Q1 2026
+5.6%
Sector allocation
Financials 47%
Healthcare 11%
Technology 8%
Consumer discretionary 7%
Energy 7%
Industrials 6%
Consumer staples 4%
Services media 3%
Long book by quarter
What does LAWSON KROEKER own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TPL TEXAS PACIFIC LAND CORP | Financials | 112.9K | $53.6M | 15.6% | -1.2% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 45.8K | $21.9M | 6.4% | +1.9% |
| PSX PHILLIPS 66 | Energy | 86.6K | $15.8M | 4.6% | -15.9% |
| AJG ARTHUR J GALLAGHER & CO | Financials | 66.7K | $14.5M | 4.2% | +3.7% |
| MSFT MICROSOFT CORP | Technology | 37.0K | $13.7M | 4.0% | +8.6% |
| AFL AFLAC INC | Financials | 121.6K | $13.3M | 3.9% | -1.8% |
| HCA HCA HEALTHCARE INC | Healthcare | 25.6K | $12.1M | 3.5% | -12.8% |
| GOOG ALPHABET INC-CL C | Technology | 41.3K | $11.8M | 3.5% | +2.1% |
| CB CHUBB LTD | Financials | 34.2K | $11.2M | 3.3% | -0.5% |
| ELV ELEVANCE HEALTH INC | Financials | 37.2K | $10.9M | 3.2% | +83.9% |
| JNJ JOHNSON & JOHNSON | Healthcare | 44.2K | $10.8M | 3.1% | -1.5% |
| HSY HERSHEY CO/THE | Consumer staples | 51.2K | $10.6M | 3.1% | -0.7% |
| FITB FIFTH THIRD BANCORP | Financials | 221.7K | $10.3M | 3.0% | +7.1% |
| LECO LINCOLN ELECTRIC HOLDINGS | Industrials | 40.8K | $10.2M | 3.0% | -17.0% |
| DIS WALT DISNEY CO/THE | Services media | 94.7K | $9.1M | 2.7% | +4.3% |
| NNI NELNET INC-CL A | Financials | 66.5K | $8.6M | 2.5% | +0.5% |
| ABG ASBURY AUTOMOTIVE GROUP | Consumer discretionary | 38.9K | $7.6M | 2.2% | -3.0% |
| CFR CULLEN/FROST BANKERS INC | Financials | 53.6K | $7.4M | 2.1% | -0.1% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 89.7K | $7.1M | 2.1% | -4.8% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 13.5K | $6.6M | 1.9% | -4.2% |
| CVX CHEVRON CORP | Energy | 31.2K | $6.4M | 1.9% | -0.7% |
| BN BROOKFIELD CORP | Real estate | 152.3K | $6.2M | 1.8% | -0.4% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 8 | $5.7M | 1.7% | Held |
| PFE PFIZER INC | Healthcare | 190.9K | $5.4M | 1.6% | -1.0% |
| VMC VULCAN MATERIALS CO | Materials | 19.5K | $5.3M | 1.5% | -1.6% |
| CRL CHARLES RIVER LABORATORIES | Healthcare | 28.5K | $4.9M | 1.4% | -9.8% |
| BRKR BRUKER CORP | Healthcare | 132.7K | $4.8M | 1.4% | +0.9% |
| MSM MSC INDUSTRIAL DIRECT CO-A | Consumer discretionary | 40.8K | $3.8M | 1.1% | -7.6% |
| HZO MARINEMAX INC | Consumer discretionary | 129.8K | $3.5M | 1.0% | -1.3% |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 33.4K | $3.4M | 1.0% | -2.3% |
| LKQ LKQ CORP | Consumer discretionary | 109.5K | $3.2M | 0.9% | -6.7% |
| MCD MCDONALD'S CORP | Consumer discretionary | 9.0K | $2.8M | 0.8% | Held |
| SKYH SKY HARBOUR GROUP CORP | Real estate | 272.3K | $2.6M | 0.8% | -0.5% |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 55.2K | $2.5M | 0.7% | -0.6% |
| PEP PEPSICO INC | Consumer staples | 8.4K | $1.3M | 0.4% | +25.3% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.3K | $1.3M | 0.4% | Held |
| CWGL CRIMSON WINE GROUP LTD | Consumer staples | 253.9K | $1.1M | 0.3% | -5.1% |
| KO COCA-COLA CO/THE | Consumer staples | 13.8K | $1.1M | 0.3% | -3.0% |
| PG PROCTER & GAMBLE CO/THE | Other | 6.7K | $963K | 0.3% | -0.7% |
| CSTM CONSTELLIUM SE | Industrials | 30.5K | $750K | 0.2% | -43.5% |
| AAPL APPLE INC | Technology | 2.8K | $711K | 0.2% | Held |
| AZO AUTOZONE INC | Consumer discretionary | 172 | $581K | 0.2% | Held |
| FINN FIRST NATL OF NEBRASKA INC | — | 26 | $429K | 0.1% | -13.3% |
| WMT WALMART INC | Consumer discretionary | 3.1K | $391K | 0.1% | Held |
| ABBV ABBVIE INC | Healthcare | 1.8K | $385K | 0.1% | Held |
| COHR COHERENT CORP | Other | 1.4K | $333K | 0.1% | -22.2% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.6K | $333K | 0.1% | -11.1% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 2.5K | $328K | 0.1% | Held |
| CL COLGATE-PALMOLIVE CO | Other | 3.8K | $326K | 0.1% | Held |
| D DOMINION ENERGY INC | Utilities | 5.2K | $321K | 0.1% | -7.2% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 22, 2026 | 59 | $343.1M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 20, 2026 | 62 | $336.0M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 20, 2025 | 99 | $547.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 25, 2025 | 97 | $537.6M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 28, 2025 | 89 | $541.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 23, 2025 | 91 | $531.1M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 15, 2024 | 88 | $548.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 29, 2024 | 90 | $518.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 22, 2024 | 84 | $527.6M | canonical | SEC ↗ |
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