TETRAD CORP
Long book
$1.00B
Q1 2026
Positions
3
Top-10 weight
100%
concentration
Last quarter
+6.2%
SPY +14.8%
Turnover
0%
of book per quarter
Strategy in plain words
auto-generated from filingsTETRAD CORP is a diversified fundamental manager, specialised in financials (96% of the long book), running a $1.00B US long book across 3 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: BERKSHIRE HATHAWAY INC-CL B, ENTERPRISE PRODUCTS PARTNERS, US BANCORP.
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
-3.8%
Q2 2024
+12.8%
Q3 2024
-0.7%
Q4 2024
+15.3%
Q1 2025
-7.8%
Q2 2025
+3.7%
Q3 2025
+0.9%
Q4 2025
-3.7%
Q1 2026
+6.2%
Sector allocation
Financials 96%
Utilities 4%
Long book by quarter
What does TETRAD CORP own?
Q1 2026 13F13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 9, 2026 | 3 | $1.00B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 7, 2026 | 3 | $1.04B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 3 | $1.07B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 3 | $1.03B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Aug 1, 2025 | 3 | $1.12B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Aug 1, 2025 | 3 | $973.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Aug 1, 2025 | 3 | $981.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 1, 2025 | 3 | $494.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Aug 1, 2025 | 3 | $515.6M | canonical | SEC ↗ |