Q3 2026 13F · SEC CIK 1597200

Pecaut & Co.

Wealth managerFiled 2026-10-27 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $345.7M
Reported positions: 69
Top holdings a year, 3 yrs: +12.9%
Assets under management: $381.8M

Pecaut & Co. is a wealth manager that reported 69 positions worth $345.7M in its Q3 2026 13F, filed 2026-10-27. Its largest holdings were Berkshire Hathaway Inc Del (BRK-B, 8.1%), Spdr Series Trust (BILS, 7.6%), Jpmorgan Income ETF (JPIE, 7.4%). A portfolio copying its top holdings returned 12.9% a year over the last 3 years, against 20.4% for the S&P 500.

Pecaut & Co. holdings largest 50 of 69 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Pecaut & Co. 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
BRK-BBerkshire Hathaway Inc Del	8.1%	8.9%	56,145	-4.0%	$28.0M
BILSSpdr Series Trust	7.6%	7.9%	263,878	+1.6%	$26.2M
JPIEJpmorgan Income ETF	7.4%	—	569,220	—	$25.6M
VCSHVanguard Scottsdale Fds	7.2%	7.6%	321,079	+1.6%	$24.8M
EMXCIshares Inc	5.8%	6.3%	202,975	+0.5%	$20.1M
SPYGState Street Spdr Portfolio S&p 500 Grow	5.5%	5.7%	154,753	-0.7%	$19.0M
GOOGAlphabet Inc	4.9%	5.7%	50,072	-5.4%	$17.1M
SGOVIshares Tr	4.8%	5.0%	164,689	+1.0%	$16.6M
SPDWSpdr Index Shs Fds	4.4%	4.6%	305,059	+2.2%	$15.3M
VIGVanguard Specialized Funds	4.0%	4.2%	58,973	+2.3%	$13.8M
AAPLApple Inc	3.4%	3.1%	34,905	-2.0%	$11.6M
SPYVState Street Spdr Portfolio S&p 500 Valu	3.4%	3.4%	189,740	+2.3%	$11.6M
GRIDFirst Tr Exchange-Traded Fd	2.6%	2.9%	50,186	+1.7%	$8.9M
INFLListed Fds Tr	2.3%	2.3%	158,935	+3.9%	$8.0M
TPLTexas Pacific Land Corporati	1.9%	2.7%	20,556	+0.0%	$6.7M
SPMDSpdr Series Trust	1.9%	2.2%	106,078	+0.6%	$6.7M
COSTCostco Wholesale Corporation	1.8%	2.0%	6,907	-2.4%	$6.3M
BRK-ABerkshire Hathaway Inc Del	1.7%	1.8%	8	+0.0%	$6.0M
AIRRFirst Tr Exchange Traded Fd	1.6%	2.2%	52,956	-3.5%	$5.5M
MSFTMicrosoft Corp	1.2%	0.9%	8,279	-0.3%	$4.2M
CASYCaseys Gen Stores Inc	1.0%	0.6%	5,937	+128.3%	$3.6M
SPSMSpdr Series Trust	1.0%	1.2%	66,471	+0.5%	$3.5M
ANAutonation Inc Com	1.0%	1.3%	22,310	-5.3%	$3.5M
NFLXNetflix Inc.	1.0%	—	49,771	—	$3.5M
BILSpdr Series Trust	1.0%	1.1%	36,327	-5.4%	$3.3M
JMSTJ P Morgan Exchange Traded F	0.8%	0.6%	51,865	+24.1%	$2.6M
KNFKnife River Corp	0.8%	1.3%	51,740	+3.2%	$2.6M
LOWLowes Cos Inc	0.8%	1.2%	14,062	-24.3%	$2.6M
WBIWaterbridge Infrastructure L	0.7%	0.9%	87,000	+0.0%	$2.4M
VUGVanguard Index Fds	0.7%	0.7%	26,471	-3.5%	$2.4M
WTMWhite Mtns Ins Group Ltd	0.7%	0.7%	1,142	+0.0%	$2.3M
VEAVanguard Ftse Developed Markets Index Fu	0.6%	0.7%	31,412	+2.0%	$2.2M
SBUXStarbucks Corp	0.6%	0.6%	20,700	+0.0%	$1.9M
GLDMWorld Gold Tr	0.5%	0.5%	21,797	-2.1%	$1.8M
NVDANvidia Corporation	0.5%	0.5%	7,456	+0.9%	$1.7M
WPMWheaton Precious Metals Corp	0.4%	0.4%	11,550	+0.0%	$1.5M
AXPAmerican Express Co	0.4%	0.5%	4,995	-0.4%	$1.5M
VTVVanguard Index Fds	0.4%	0.4%	6,416	-0.6%	$1.4M
LBLandbridge Company LLC Cl A	0.4%	0.4%	15,895	+0.0%	$1.3M
ICEIntercontinental Exchange Inc	0.4%	0.6%	8,000	-51.4%	$1.2M
UNPUnion Pac Corp	0.3%	0.3%	4,139	+0.0%	$1.1M
URIUnited Rentals Inc	0.3%	0.5%	1,103	-21.4%	$1.1M
BWXTBwx Technologies Inc	0.3%	0.5%	7,935	+0.0%	$1.1M
NRPNatural Resource Partners LP	0.3%	0.2%	9,075	+12.4%	$987K
VBVanguard Index Fds	0.3%	0.3%	3,400	+1.0%	$967K
FWONALiberty Media Corp Del	0.3%	0.3%	11,358	-6.6%	$961K
VOVanguard Index Fds	0.3%	0.3%	12,167	-1.4%	$954K
WMTWalmart Inc	0.3%	0.4%	9,124	-24.7%	$948K
ESGVVanguard World Fd	0.3%	0.3%	6,980	-1.9%	$946K
TDWTidewater Inc New	0.2%	—	8,500	—	$689K

What Pecaut & Co. bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

CASY Caseys Gen Stores Inc+128.3% shares
JMST J P Morgan Exchange Traded F+24.1% shares
NRP Natural Resource Partners LP+12.4% shares

Reduced

ICE Intercontinental Exchange Inc-51.4% shares
WMT Walmart Inc-24.7% shares
LOW Lowes Cos Inc-24.3% shares
URI United Rentals Inc-21.4% shares
FWONA Liberty Media Corp Del-6.6% shares
GOOG Alphabet Inc-5.4% shares
BIL Spdr Series Trust-5.4% shares
AN Autonation Inc Com-5.3% shares

Left the top 50

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +14.0% /yr; S&P 500 +20.1%
3 years: +12.9% /yr; S&P 500 +20.4%
5 years: +8.9% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$345.7M	69
Q2 2026	$328.2M	65
Q1 2026	$308.0M	66
Q4 2025	$310.0M	70
Q3 2025	$311.3M	79
Q2 2025	$301.2M	82
Q1 2025	$293.9M	77
Q4 2024	$289.7M	75
Q3 2024	$282.7M	74
Q2 2024	$264.5M	70
Q1 2024	$268.3M	78
Q4 2023	$249.1M	80

Questions about Pecaut & Co.'s portfolio

What stocks does Pecaut & Co. own?

Pecaut & Co.'s latest 13F, for Q3 2026 and filed Oct 27, 2026, lists 69 positions worth $345.7M. The largest are Berkshire Hathaway Inc Del (BRK-B) at 8.1%, Spdr Series Trust (BILS) at 7.6%, Jpmorgan Income ETF (JPIE) at 7.4%, Vanguard Scottsdale Fds (VCSH) at 7.2% and Ishares Inc (EMXC) at 5.8%.

What did Pecaut & Co. buy last quarter?

In Q3 2026, Pecaut & Co. added Caseys Gen Stores Inc (CASY) (+128.3% shares), J P Morgan Exchange Traded F (JMST) (+24.1% shares) and Natural Resource Partners LP (NRP) (+12.4% shares), compared with its Q2 2026 filing.

What did Pecaut & Co. sell last quarter?

In Q3 2026, Pecaut & Co. cut from its top 50 Builders Firstsource Inc (BLDR), cut from its top 50 Mesabi Tr (MSB), cut from its top 50 Floor & Decor Hldgs Inc (FND), Intercontinental Exchange Inc (ICE) (-51.4% shares), Walmart Inc (WMT) (-24.7% shares) and Lowes Cos Inc (LOW) (-24.3% shares), compared with its Q2 2026 filing.

How has Pecaut & Co.'s portfolio performed?

A portfolio copying Pecaut & Co.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +12.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +14.0% against +20.1%. Over 5 years: +8.9% a year against +11.6%.

When is Pecaut & Co.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Pecaut & Co.'s filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does Pecaut & Co. manage?

Pecaut & Co. reported $381.8M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $345.7M.