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PECAUT & CO. — 13F Holdings & Portfolio

CIK 1597200 · latest 13F-HR filed 2026-10-27

Backtest portfolio

PECAUT & CO. manages $345.7M in 13F-reported U.S. long-equity assets across 69 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are BRK.B (8.09%), BILS (7.58%), JPIE (7.39%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 5 new positions and exited 1; 9 existing positions rose in reported value and 25 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
$345.7M

Long-equity book

Holdings
69

Distinct positions

Period
2026-09-30

Filed 2026-10-27

Q/Q Activity
+5 / −1 / ↑9 / ↓25

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26
BRK.B8.1% · -4%BILS7.6% · +2%JPIE7.4% · newVCSH7.2% · +2%EMXC5.8% · +0%SPYG5.5% · -1%GOOG4.9% · -5%SGOV4.8% · +1%SPDW4.4% · +2%VIG4.0% · +2%AAPL3.4% · -2%SPYV3.4% · +2%GRID2.6% · +2%INFL2.3% · +4%TPL1.9% · 0%SPMD1.9% · +1%COST1.8% · -2%BRK.A1.7% · 0%AIRR1.6% · -4%MSFT1.2% · -0%CASY1.0% · +128%SPSM1.0% · +0%AN1.0% · -5%NFLX1.0% · newBIL1.0% · -5%JMST0.8% · +24%KNF0.8% · +3%LOW0.8% · -24%WBI0.7% · 0%VUG0.7% · -4%WTM0.7% · 0%VEA0.6% · +2%SBUX0.6% · 0%GLDM0.5% · -2%NVDA0.5% · +1%WPM0.4% · 0%AXP0.4% · -0%VTV0.4% · -1%LB0.4% · 0%ICE0.4% · -51%UNP0.3% · 0%URI0.3% · -21%BWXT0.3% · 0%NRP0.3% · +12%VB0.3% · +1%FWONA0.3% · -7%VO0.3% · -1%WMT0.3% · -25%ESGV0.3% · -2%TDW0.2% · -10%MSB0.2% · 0%VBIL0.2% · newSOR0.2% · +1%JNJ0.2% · -3%BLDR0.2% · -65%ESGD0.1% · -1%HE0.1% · 0%LXU0.1% · 0%CNI0.1% · 0%SPY0.1% · +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

Q2 26 → Q3 26

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

5 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 = 59.7%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Nov 19, 2025.

Assets Under Management
$381.8M
Discretionary
$365.0M
Employees
6
Accounts
554
Address
401 DOUGLAS ST, STE 415
SIOUX CITY, IA 51101
Phone
(712) 252-3268
Website
Name Title / Status Ownership Type
GALLAGHER, MICHAEL, WILLIAM ControlCO-CEO AND CCO
since Jun 2025
50–75%Individual
PECAUT, JOHN, CHRISTIAN ControlCO-CEO
since Jun 2025
50–75%Individual
Ownership & leadership changes · 8 filings with changes since Nov 23, 2011

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.

Nov 19, 2025 filing
  • No longer listedPECAUT, DANIEL, SCOTT · CHAIRMAN AND CHIEF INVESTMENT OFFICER · Less than 5% · control person · listed since Aug 2018
  • No longer listedWRENN, COREY, JOHN · CHIEF EXECUTIVE OFFICER AND PRESIDENT · Less than 5% · control person · listed since Aug 2018
  • ChangedGALLAGHER, MICHAEL, WILLIAM · title VICE PRESIDENT & FINANCIAL ADVISOR → CO-CEO AND CCO
  • ChangedPECAUT, JOHN, CHRISTIAN · title CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER AND VICE PRESIDENT → CO-CEO
Nov 17, 2023 filing
  • ChangedGALLAGHER, MICHAEL, WILLIAM · ownership 25–50% → 50–75%
  • ChangedWRENN, COREY, JOHN · ownership 25–50% → Less than 5%
Nov 23, 2022 filing
  • ChangedPECAUT, DANIEL, SCOTT · ownership 10–25% → Less than 5%
  • ChangedPECAUT, JOHN, CHRISTIAN · ownership 25–50% → 50–75%
Mar 1, 2022 filing
  • ChangedGALLAGHER, MICHAEL, WILLIAM · ownership 10–25% → 25–50%
Nov 23, 2021 filing
  • AddedGALLAGHER, MICHAEL, WILLIAM · VICE PRESIDENT & FINANCIAL ADVISOR · 10–25% · control person
  • ChangedPECAUT, DANIEL, SCOTT · title CHIEF INVESTMENT OFFICER AND CHAIRMAN → CHAIRMAN AND CHIEF INVESTMENT OFFICER
  • ChangedWRENN, COREY, JOHN · ownership 50–75% → 25–50%
Nov 22, 2019 filing
  • ChangedPECAUT, DANIEL, SCOTT · ownership 25–50% → 10–25%
  • ChangedPECAUT, JOHN, CHRISTIAN · ownership 10–25% → 25–50%
Sep 4, 2018 filing
  • ChangedPECAUT, DANIEL, SCOTT · title PRESIDENT → CHIEF INVESTMENT OFFICER AND CHAIRMAN
  • ChangedPECAUT, JOHN, CHRISTIAN · title VICE PRESIDENT → CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER AND VICE PRESIDENT
  • ChangedWRENN, COREY, JOHN · title CHIEF COMPLIANCE OFFICER → CHIEF EXECUTIVE OFFICER AND PRESIDENT
Nov 22, 2017 filing
  • AddedPECAUT, JOHN, CHRISTIAN · VICE PRESIDENT · 10–25% · control person
  • ChangedPECAUT, DANIEL, SCOTT · ownership 50–75% → 25–50%
Nov 23, 2011 filing (earliest on record)
  • ListedPECAUT, DANIEL, SCOTT · PRESIDENT · 50–75% · control person
  • ListedWRENN, COREY, JOHN · CHIEF COMPLIANCE OFFICER · 50–75% · 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.

PECAUT & CO. Holdings (2026-09-30)

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 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $28.0M 8.09% 56,145 SH
2 SPDR SERIES TRUST BILS 78468R523 $26.2M 7.58% 263,878 SH
3 J P MORGAN EXCHANGE TRADED F JPIE 46641Q159 $25.6M 7.39% 569,220 SH
4 VANGUARD SCOTTSDALE FDS VCSH 92206C409 $24.8M 7.18% 321,079 SH
5 ISHARES INC EMXC 46434G764 $20.1M 5.82% 202,975 SH
6 SPDR SERIES TRUST SPYG 78464A409 $19.0M 5.51% 154,753 SH
7 ALPHABET INC GOOG 02079K107 $17.1M 4.94% 50,072 SH
8 ISHARES TR SGOV 46436E718 $16.6M 4.80% 164,689 SH
9 SPDR INDEX SHS FDS SPDW 78463X889 $15.3M 4.43% 305,059 SH
10 VANGUARD SPECIALIZED FUNDS VIG 921908844 $13.8M 3.98% 58,973 SH
11 APPLE INC AAPL 037833100 $11.6M 3.36% 34,905 SH
12 SPDR SERIES TRUST SPYV 78464A508 $11.6M 3.36% 189,740 SH
13 FIRST TR EXCHANGE-TRADED FD GRID 33737A108 $8.9M 2.57% 50,186 SH
14 LISTED FDS TR INFL 53656F623 $8.0M 2.31% 158,935 SH
15 TEXAS PACIFIC LAND CORPORATI TPL 88262P102 $6.7M 1.94% 20,556 SH
16 SPDR SERIES TRUST SPMD 78464A847 $6.7M 1.93% 106,078 SH
17 COSTCO WHOLESALE CORPORATION COST 22160K105 $6.3M 1.82% 6,907 SH
18 BERKSHIRE HATHAWAY INC DEL BRK.A 084670108 $6.0M 1.73% 8 SH
19 FIRST TR EXCHANGE TRADED FD AIRR 33738R704 $5.5M 1.58% 52,956 SH
20 MICROSOFT CORP MSFT 594918104 $4.2M 1.23% 8,279 SH
21 CASEYS GEN STORES INC CASY 147528103 $3.6M 1.05% 5,937 SH
22 SPDR SERIES TRUST SPSM 78468R853 $3.5M 1.02% 66,471 SH
23 AUTONATION INC AN 05329W102 $3.5M 1.02% 22,310 SH
24 NETFLIX INC. NFLX 64110L106 $3.5M 1.00% 49,771 SH
25 SPDR SERIES TRUST BIL 78468R663 $3.3M 0.96% 36,327 SH
26 J P MORGAN EXCHANGE TRADED F JMST 46641Q654 $2.6M 0.76% 51,865 SH
27 KNIFE RIVER CORP KNF 498894104 $2.6M 0.75% 51,740 SH
28 LOWES COS INC LOW 548661107 $2.6M 0.75% 14,062 SH
29 WATERBRIDGE INFRASTRUCTURE L WBI 940923105 $2.4M 0.71% 87,000 SH
30 VANGUARD INDEX FDS VUG 922908736 $2.4M 0.69% 26,471 SH
31 WHITE MTNS INS GROUP LTD WTM G9618E107 $2.3M 0.66% 1,142 SH
32 VANGUARD TAX-MANAGED FDS VEA 921943858 $2.2M 0.64% 31,412 SH
33 STARBUCKS CORP SBUX 855244109 $1.9M 0.56% 20,700 SH
34 WORLD GOLD TR GLDM 98149E303 $1.8M 0.52% 21,797 SH
35 NVIDIA CORPORATION NVDA 67066G104 $1.7M 0.49% 7,456 SH
36 WHEATON PRECIOUS METALS CORP WPM 962879102 $1.5M 0.45% 11,550 SH
37 AMERICAN EXPRESS CO AXP 025816109 $1.5M 0.44% 4,995 SH
38 VANGUARD INDEX FDS VTV 922908744 $1.4M 0.40% 6,416 SH
39 LANDBRIDGE COMPANY LLC LB 514952100 $1.3M 0.37% 15,895 SH
40 INTERCONTINENTAL EXCHANGE IN ICE 45866F104 $1.2M 0.35% 8,000 SH
41 UNION PAC CORP UNP 907818108 $1.1M 0.33% 4,139 SH
42 UNITED RENTALS INC URI 911363109 $1.1M 0.32% 1,103 SH
43 BWX TECHNOLOGIES INC BWXT 05605H100 $1.1M 0.31% 7,935 SH
44 NATURAL RESOURCE PARTNERS LP NRP 63900P608 $986.7K 0.29% 9,075 SH
45 VANGUARD INDEX FDS VB 922908751 $967.2K 0.28% 3,400 SH
46 LIBERTY MEDIA CORP DEL FWONA 531229771 $961.2K 0.28% 11,358 SH
47 VANGUARD INDEX FDS VO 922908629 $954.2K 0.28% 12,167 SH
48 WALMART INC WMT 931142103 $948.2K 0.27% 9,124 SH
49 VANGUARD WORLD FD ESGV 921910733 $946.0K 0.27% 6,980 SH
50 TIDEWATER INC NEW TDW 88642R109 $689.4K 0.20% 8,500 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-27 $345.7M 69 0001398344-26-018882
2026-06-30 2026-08-03 $328.2M 65 0001398344-26-013359
2026-03-31 2026-05-11 $308.0M 66 0001398344-26-008869
2025-12-31 2026-02-10 $310.0M 70 0001398344-26-002609
2025-09-30 2025-11-03 $311.3M 79 0001398344-25-020159
Filer Information
Address
401 DOUGLAS ST.
STE 415
SIOUX CITY, IA 51101
Phone
(712) 252-3268
Filing Manager
PECAUT & CO.
SIOUX CITY, IA
Signatory
Michael Gallagher
Co-CEO and CCO