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BEDDOW CAPITAL MANAGEMENT INC — 13F Holdings & Portfolio

CIK 1278641 · latest 13F-HR filed 2026-02-11

Backtest portfolio

BEDDOW CAPITAL MANAGEMENT INC manages $264.9M in 13F-reported U.S. long-equity assets across 55 reported positions as of its 2025-12-31 13F-HR filing. Its largest disclosed positions are OILT (7.40%), IVSBF (6.15%), DG (5.71%). Quarter over quarter (versus its 2025-09-30 filing) the fund opened 1 new position and exited 1; 21 existing positions rose in reported value and 20 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$264.9M

Long-equity book

Holdings
55

Distinct positions

Period
2025-12-31

Filed 2026-02-11

Q/Q Activity
+1 / −1 / ↑21 / ↓20

vs 2025-09-30

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q4 25
OILT7.4% · +202%IVSBF6.2% · -3%DG5.7% · -7%MSB5.1% · -4%IBM5.1% · -8%BLX5.0% · -4%FNV4.0% · -3%WPM4.0% · -4%ALV4.0% · -3%JNJ3.8% · -3%SMMNY3.8% · -3%ABLZF3.5% · -4%CPN3.3% · -2%BRK.B3.0% · -8%NSRGY2.7% · -0%FUJHF2.4% · -2%BRK.A2.3% · +14%ABBV2.2% · -15%LNG2.1% · -3%FANG2.0% · +7%CTRA1.9% · -2%CHRD1.8% · -7%OGN1.8% · +2%ConocoPhillips Company1.7% · -7%Pilot Corporation1.7% · -3%SKFRY1.6% · -6%SHEL1.6% · -2%EOG1.5% · -4%CPRT1.4% · +44%Accelleron Industries1.4% · -4%MTD1.2% · 0%GOOGL0.5% · -4%AMZN0.5% · -1%AZO0.3% · 0%FRMO0.3% · +3%AAPL0.3% · 0%NVS0.3% · +11%Pershing Square0.2% · 0%MXC0.2% · +52%MRK0.2% · -16%MMM0.2% · -34%ORCL0.2% · -87%ALL0.2% · 0%PFE0.2% · -46%BLDR0.2% · +4%AZZ0.2% · -2%CVX0.1% · +7%MSFT0.1% · -1%TFPM0.1% · 0%TKR0.1% · 0%VTRS0.1% · -15%CAT0.1% · -8%ZEUS0.1% · newSurface Oncology0.0% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q3 25 → Q4 25

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

2 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 50.2%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 10, 2025.

Assets Under Management
$277.9M
Discretionary
$276.9M
Employees
2
Accounts
164
Address
199 EAST PEARL AVENUE SUITE 102
JACKSON, WY 83001
Phone
(307) 734-7300
Website
Mailing Address
PO BOX 530, JACKSON, WY, 83001
Name Title / Status Ownership Type
BEDDOW, EDWARD, GEORGE ControlPRESIDENT/CHIEF COMPLIANCE OFFICER
since May 1990
Less than 5%Individual
EDWARD G. BEDDOW, TRUSTEE OF THE EDWARD G. BEDDOW REVOCABLE LIVING TRUST FBO EDWARD G. BEDDOW ControlSHAREHOLDER
since Jul 2009
75% or moreDomestic Entity
MCCONNELL, MARK, STEVENDIRECTOR
since Oct 2014
Less than 5%Individual
TAYLOR, CRAIG, CDIRECTOR
since Oct 2014
Less than 5%Individual
BEDDOW, EDWARD, GEORGE Control
Indirect owner via EDWARD G. BEDDOW, TRUSTEE OF THE EDWARD G. BEDDOW REVOCABLE LIVING TRUST FBO EDWARD G. BEDDOW
TRUSTEE
since Jul 2009
General partner, trustee or managerIndividual
Ownership & leadership changes · 3 filings with changes since Mar 8, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 27, 2020 filing
  • ChangedMCCONNELL, MARK, STEVEN · no longer a control person
  • ChangedTAYLOR, CRAIG, C · no longer a control person
Feb 19, 2019 filing
  • AddedBEDDOW, EDWARD, GEORGE · TRUSTEE · General partner, trustee or manager · indirect via EDWARD G. BEDDOW, TRUSTEE OF THE EDWARD G. BEDDOW REVOCABLE LIVING TRUST FBO EDWARD G. BEDDOW · control person
Jan 5, 2015 filing
  • AddedMCCONNELL, MARK, STEVEN · DIRECTOR · Less than 5% · control person
  • AddedTAYLOR, CRAIG, C · DIRECTOR · Less than 5% · control person
Mar 8, 2012 filing (earliest on record)
  • ListedBEDDOW, EDWARD, GEORGE · PRESIDENT/CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedEDWARD G. BEDDOW, TRUSTEE OF THE EDWARD G. BEDDOW REVOCABLE LIVING TRUST FBO EDWARD G. BEDDOW · SHAREHOLDER · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 21 →

Top Trims

Show all 20 →

New Positions

Show all 1 →

Exited Positions

  • Keweenaw Land Association$291.0K
Show all 1 →

BEDDOW CAPITAL MANAGEMENT INC Holdings (2025-12-31)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 Texas Pacific Land Corporation OILT 882610108 $19.6M 7.40% 68,241 SH
2 Investor AB 'B' IVSBF W48102128 $16.3M 6.15% 459,474 SH
3 Dollar General Corporation DG 256677105 $15.1M 5.71% 113,995 SH
4 Mesabi Trust Ctfs MSB 590672101 $13.6M 5.13% 352,805 SH
5 International Business Machine IBM 459200101 $13.6M 5.12% 45,790 SH
6 Banco Latinoamericano de Expor BLX P16994132 $13.1M 4.95% 294,135 SH
7 Franco-Nevada Coporation FNV 351858105 $10.6M 4.01% 51,272 SH
8 Wheaton Precious Metals Corp WPM 962879102 $10.6M 3.99% 89,943 SH
9 Autoliv, Inc. ALV 052800109 $10.5M 3.98% 88,810 SH
10 Johnson & Johnson JNJ 478160104 $10.0M 3.78% 48,425 SH
11 Siemens AG SMMNY 826197501 $10.0M 3.78% 71,555 SH
12 ABB Ltd ABLZF 000375204 $9.2M 3.49% 124,815 SH
13 Citigroup Cap XIII Tr Pfd CPN 173080201 $8.7M 3.30% 289,455 SH
14 Berkshire Hathaway Cl B BRK.B 084670702 $7.9M 2.99% 15,736 SH
15 Nestle S.A. NSRGY 641069406 $7.2M 2.74% 73,394 SH
16 Subaru Corporation FUJHF 86428V104 $6.3M 2.36% 583,121 SH
17 Berkshire Hathaway BRK.A 084670108 $6.0M 2.28% 8 SH
18 AbbVie Inc. ABBV 00287Y109 $5.9M 2.22% 25,725 SH
19 Cheniere Energy, Inc. LNG 16411R208 $5.6M 2.11% 28,740 SH
20 Diamondback Energy Inc FANG 25278X109 $5.3M 2.00% 35,155 SH
21 Coterra Energy Inc. CTRA 127097103 $5.1M 1.94% 194,974 SH
22 Chord Energy Corp CHRD 674215207 $4.9M 1.84% 52,535 SH
23 Organon & Co. OGN 68622V106 $4.8M 1.80% 666,725 SH
24 ConocoPhillips Company — 718507BK1 $4.5M 1.71% 48,380 SH
25 Pilot Corporation — J6378K106 $4.5M 1.70% 145,306 SH
26 SKF Aktiebolaget SKFRY 784375404 $4.4M 1.64% 164,511 SH
27 Shell plc SHEL 780259305 $4.2M 1.58% 57,076 SH
28 EOG Resources, Inc. EOG 26875P101 $3.9M 1.47% 36,960 SH
29 Copart Inc CPRT 217204106 $3.7M 1.40% 94,590 SH
30 Accelleron Industries AG ORD — H0029X106 $3.7M 1.38% 47,473 SH
31 Mettler-Toledo Int'l Inc. MTD 592688105 $3.3M 1.24% 2,347 SH
32 Alphabet Cl C GOOGL 02079K305 $1.3M 0.51% 4,300 SH
33 Amazon.com AMZN 023135106 $1.3M 0.49% 5,580 SH
34 AutoZone, Inc. AZO 053332102 $899.0K 0.34% 265 SH
35 FRMO Corporation FRMO 30262F205 $706.0K 0.27% 96,702 SH
36 Apple Inc. AAPL 037833100 $693.0K 0.26% 2,550 SH
37 Novartis AG NVS 66987V109 $681.0K 0.26% 4,940 SH
38 Pershing Square Holdings — G7016V101 $663.0K 0.25% 10,175 SH
39 Mexco Energy MXC 592770101 $617.0K 0.23% 62,295 SH
40 Merck & Co. MRK 58933Y105 $616.0K 0.23% 5,850 SH
41 3M Company MMM 88579Y101 $593.0K 0.22% 3,705 SH
42 Oracle Corp ORCL 68389X105 $480.0K 0.18% 2,465 SH
43 Allstate Corporation ALL 020002101 $468.0K 0.18% 2,250 SH
44 Pfizer, Inc PFE 717081103 $467.0K 0.18% 18,770 SH
45 Builders FirstSource Inc BLDR 12008R107 $454.0K 0.17% 4,410 SH
46 AZZ Incorporated AZZ 002474104 $429.0K 0.16% 4,000 SH
47 Chevron Corp CVX 166764100 $390.0K 0.15% 2,560 SH
48 Microsoft Corp MSFT 594918104 $382.0K 0.14% 790 SH
49 Triple Flag Precious Metals Co TFPM 89679M104 $357.0K 0.13% 10,750 SH
50 Timken Company TKR 887389104 $326.0K 0.12% 3,875 SH
Filing History
Period Filed AUM Holdings Accession
2025-12-31 2026-02-11 $264.9M 55 0001278641-26-000001
2025-09-30 2025-11-12 $271.3M 55 0001278641-25-000006