EC
Elgethun Capital Management 13F Holdings (174 Positions, Q2 2026)
Elgethun Capital ManagementCIK: 0001638022
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$717.8M
Reporting period: 2026-06-30 · Number of holdings: 174
Elgethun Capital Management disclosed 174 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $717.8M and a quarterly turnover rate of 21.8%.
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Personality snowflake
- Concentration
- 14.58
- Portfolio Stability
- 21.79
- Momentum
- 100
- Sector conviction
- 56.1
- Diversification
- 100
- Sizing Uniformity
- 76.82
Elgethun Capital Management's disclosed holdings carry a Herfindahl concentration index of 0.036 — mathematically equivalent to about 27 equally-sized positions, well below its 174 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.32), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 35% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd LLY
+18.0% $25.4M
Add VTS
+2217.6% $14.1M
Trim C
-50.8% -$7.4M
New buy LULU
Trim FRFHF
+2.4% -$434.3K
Trim BRK-B
+2.8% $4.7M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | Stock-Healthcare | 10.11% | +2.31% | +18.00% | |
| 2 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 9.47% | -1.01% | +2.80% | |
| 3 | FRFHF | Fairfax Financial Hldgs LTD | Stock-Other | 5.83% | -1.16% | +2.41% | |
| 4 | EFV | Ishares Msci Eafe Value ETF | ETF-Other | 5.04% | -0.58% | +3.34% | |
| 5 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 4.25% | +0.08% | +1.98% | |
| 6 | FNDE | Schwab Fndmntl Em Mrk Eq ETF | ETF-Other | 3.07% | -0.35% | +3.02% | |
| 7 | BOC | Boston Omaha Corp-cl A | Stock-Other | 2.78% | -0.04% | +0.27% | |
| 8 | SCHF | Schwab Intl Equity ETF | ETF-Other | 2.78% | — | +5.77% | |
| 9 | CASH | Pathward Financial Inc | Stock-Other | 2.55% | -0.46% | +3.33% | |
| 10 | TBBK | Bancorp Inc/the | Stock-Other | 2.43% | +0.43% | +23.99% | |
| 11 | SCHB | Schwab US Broad Market ETF | ETF-Other | 2.27% | -0.08% | -0.71% | |
| 12 | SCHW | Schwab (charles) CORP | Stock-Financials | 2.07% | -0.35% | +3.50% | |
| 13 | VTS | Vitesse Energy Inc | Stock-Other | 2.06% | +1.94% | +2217.63% | |
| 14 | DFH | Dream Finders Homes Inc - A | Stock-Other | 1.97% | +0.81% | +62.14% | |
| 15 | LBTYA | Liberty Global Ltd. | Stock-Other | 1.90% | +0.24% | +44.84% | |
| 16 | FWONA | Liberty Media Corp-formula-a | Stock-Other | 1.89% | -0.04% | +3.94% | |
| 17 | DRVN | Driven Brands Holdings Inc | Stock-Other | 1.83% | -0.14% | +0.19% | |
| 18 | C | Citigroup Inc | Stock-Financials | 1.60% | -1.53% | -50.79% | |
| 19 | AAP | Advance Auto Parts Inc | Stock-Consumer Disc | 1.54% | +0.04% | +3.07% | |
| 20 | AMLP | Alerian Mlp ETF | ETF-Other | 1.42% | -0.23% | +3.86% | |
| 21 | MSFT | Microsoft CORP | Stock-Tech | 1.42% | -0.22% | +2.11% | |
| 22 | LULU | Lululemon Athletica Inc | Stock-Consumer Disc | 1.37% | +1.37% | NEW | |
| 23 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 1.35% | +0.01% | +6.78% | |
| 24 | VDE | Vanguard Energy ETF | ETF-Other | 1.30% | -0.40% | +4.43% | |
| 25 | BATRK | Atlanta Braves Holdings In-c | Stock-Other | 1.23% | +0.07% | +3.34% | |
| 26 | CWGL | Crimson Wine Group LTD | Stock-Other | 1.20% | -0.08% | +11.11% | |
| 27 | ACI | Albertsons Cos Inc - Class A | Stock-Consumer Staples | 1.08% | +0.48% | +167.35% | |
| 28 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 1.06% | +0.07% | +14.90% | |
| 29 | OXY | Occidental Petroleum CORP | Stock-Energy | 1.02% | -0.57% | +2.56% | |
| 30 | EPD | Enterprise Products Partners | Stock-Energy | 0.96% | -0.21% | +0.63% | |
| 31 | FFXDF | Fairfax India Ho-sub Vtg Shs | Stock-Other | 0.92% | +0.02% | +6.87% | |
| 32 | NVDA | Nvidia CORP | Stock-Tech | 0.80% | +0.03% | +8.00% | |
| 33 | AXP | American Express Co | Stock-Financials | 0.79% | -0.05% | -0.36% | |
| 34 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.76% | — | +3.62% | |
| 35 | NVR | Nvr Inc | Stock-Consumer Disc | 0.69% | -0.03% | +9.55% | |
| 36 | AAPL | Apple Inc | Stock-Tech | 0.65% | +0.02% | +8.04% | |
| 37 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.63% | -0.08% | — | |
| 38 | KR | Kroger Co | Stock-Consumer Staples | 0.62% | -0.32% | +1.82% | |
| 39 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.61% | +0.15% | +0.82% | |
| 40 | IWR | Ishares Russell Mid-cap ETF | ETF-Other | 0.55% | -0.02% | — | |
| 41 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.51% | +0.05% | +4.76% | |
| 42 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.50% | +0.03% | +2.68% | |
| 43 | SCHG | Schwab US Large-cap Growth | ETF-Other | 0.49% | -0.02% | — | |
| 44 | BTT | Blackrock 2030 Muni Trgt Trm | Stock-Other | 0.44% | -0.08% | +0.10% | |
| 45 | SCHV | Schwab US Large-cap Value | ETF-Other | 0.39% | -0.01% | +1.39% | |
| 46 | WMT | Walmart Inc | Stock-Consumer Staples | 0.38% | -0.11% | +1.55% | |
| 47 | SCHX | Schwab US Large-cap ETF | ETF-Other | 0.32% | -0.01% | -0.53% | |
| 48 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.27% | -0.01% | +0.46% | |
| 49 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.26% | -0.03% | -1.24% | |
| 50 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.25% | -0.01% | +4.12% |
1–50 of 174
Portfolio Performance
Performance for Q3 2026
+3.5%
Performance Last 4 Quarters
+15%
Based on 89% of reported portfolio value with available pricing
- Stdev
- +11.3%
- Beta
- +0.74
- Alpha
- +2.2%
- Max Drawdown
- -5%
- Annualized Perf
- +17.7%
- Batting Avg vs S&P
- +47.2%
- Sortino
- +3.16
- Stutzer
- +0.45
- Treynor
- +0.23
- Sterling
- +1.26
- Calmar
- +3.53
- Information Ratio
- -0.43
- Tracking Error
- +6.9%
- Stdev Down
- +5.4%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +30.7%
- Worst 12 Months
- +9.8%
- Efficiency Ratio
- +0.63
- Sharpe
- +1.5
- Stdev Sectors
- +9.3%
- Skewness
- +0.21
- Kurtosis
- +0.07
- Upside Potential
- +4.7
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 174 | $717.8M | 22 | ||
| 2026 Q1 | 166 | $604.6M | 16 | ||
| 2025 Q4 | 164 | $578.9M | 11 | ||
| 2025 Q3 | 156 | $550.6M | 27 | ||
| 2025 Q2 | 151 | $497.0M | 0 | ||
| 2025 Q1 | 151 | $447.6M | 100 | ||
| 2024 Q4 | 154 | $412.0M | 0 | ||
| 2024 Q3 | 153 | $426.0M | 0 | ||
| 2024 Q2 | 154 | $396.7M | 0 | ||
| 2024 Q1 | 156 | $396.5M | 0 | ||
| 2023 Q4 | 154 | $353.1M | 0 | ||
| 2023 Q3 | 158 | $331.5M | 0 | ||
| 2023 Q2 | 158 | $331.8M | 0 | ||
| 2023 Q1 | 131 | $316.0M | 0 | ||
| 2022 Q4 | 125 | $276.6M | 0 | ||
| 2022 Q3 | 120 | $250.2M | 0 | ||
| 2022 Q2 | 117 | $257.9M | 0 | ||
| 2022 Q1 | 112 | $295.1M | 0 | ||
| 2021 Q4 | 108 | $286.2M | 0 | ||
| 2021 Q3 | 106 | $289.7M | 0 | ||
| 2021 Q2 | 104 | $290.7M | 94 | ||
| 2021 Q1 | 101 | $257.0M | 21 | ||
| 2020 Q4 | 100 | $234.2M | 33 | ||
| 2020 Q3 | 94 | $182.6M | 15 | ||
| 2020 Q2 | 98 | $172.0M | 26 | ||
| 2020 Q1 | 99 | $180.0M | 40 | ||
| 2019 Q4 | 96 | $205.4M | 18 | ||
| 2019 Q3 | 93 | $187.8M | 9 | ||
| 2019 Q2 | 93 | $183.2M | 19 | ||
| 2019 Q1 | 92 | $171.6M | 27 | ||
| 2018 Q4 | 89 | $144.3M | 26 | ||
| 2018 Q3 | 83 | $154.1M | 20 | ||
| 2018 Q2 | 86 | $141.2M | 32 | ||
| 2018 Q1 | 97 | $142.9M | 24 | ||
| 2017 Q4 | 93 | $142.9M | 11 | ||
| 2017 Q3 | 87 | $136.2M | 13 | ||
| 2017 Q2 | 84 | $128.5M | 8 | ||
| 2017 Q1 | 80 | $124.7M | 18 | ||
| 2016 Q4 | 285 | $128.0M | 0 |
Holding changes this quarter
Elgethun Capital Management's most significant position changes for 2026-06-30: New buy: Lululemon Athletica Inc (LULU); New buy: ; New buy: Ares Capital CORP (ARCC); Sold out: Honeywell International Inc (HON); New buy: Palo Alto Networks Inc (PANW).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | LLY | Eli Lilly & Co | +2.3% | +18.00% | Add |
| 2 | VTS | Vitesse Energy Inc | +1.9% | +2217.63% | Add |
| 3 | LULU | Lululemon Athletica Inc | +1.4% | NEW | New buy |
| 4 | DFH | Dream Finders Homes Inc - A | +0.8% | +62.14% | Add |
| 5 | ACI | Albertsons Cos Inc - Class A | +0.5% | +167.35% | Add |
| 6 | TBBK | Bancorp Inc/the | +0.4% | +23.99% | Add |
| 7 | LBTYA | Liberty Global Ltd. | +0.2% | +44.84% | Add |
| 8 | ✓ | +0.2% | NEW | New buy | |
| 9 | ARCC | Ares Capital CORP | +0.2% | NEW | New buy |
| 10 | UNH | Unitedhealth Group Inc | +0.2% | +0.82% | Add |
| 11 | KMX | Carmax Inc | +0.1% | +54.03% | Add |
| 12 | IEMG | Ishares Core Msci Emerging | +0.1% | +1.98% | Add |
| 13 | UPS | United Parcel Service-cl B | +0.1% | +65.82% | Add |
| 14 | BATRK | Atlanta Braves Holdings In-c | +0.1% | +3.34% | Add |
| 15 | RSP | Invesco S&p 500 Equal Weight | +0.1% | +14.90% | Add |
| 16 | MU | Micron Technology Inc | +0.1% | +5.87% | Add |
| 17 | AMD | Advanced Micro Devices | +0.1% | +8.89% | Add |
| 18 | GOOGL | Alphabet Inc-cl A | +0.1% | +4.76% | Add |
| 19 | CAT | Caterpillar Inc | +0.1% | +2.57% | Add |
| 20 | AMAT | Applied Materials Inc | +0.1% | +6.87% | Add |
| 21 | PANW | Palo Alto Networks Inc | +0.1% | NEW | New buy |
| 22 | ASML | ASML Holding N.V. | +0.1% | NEW | New buy |
| 23 | AAP | Advance Auto Parts Inc | 0% | +3.07% | Add |
| 24 | TSM | Taiwan Semiconductor-sp Adr | 0% | +0.40% | Add |
| 25 | TSLA | Tesla Inc | 0% | +63.02% | Add |
| 26 | NVDA | Nvidia CORP | 0% | +8.00% | Add |
| 27 | GOOG | Alphabet Inc-cl C | 0% | +2.68% | Add |
| 28 | INTC | Intel CORP | 0% | -24.25% | Trim |
| 29 | URI | United Rentals Inc | 0% | +0.88% | Add |
| 30 | FAST | Fastenal Co | 0% | NEW | New buy |
| 31 | FCX | Freeport-mcmoran Inc | 0% | NEW | New buy |
| 32 | DFAC | Dimensional US Core Equity 2 | 0% | NEW | New buy |
| 33 | GDX | Vaneck Gold Miners ETF | 0% | NEW | New buy |
| 34 | FFXDF | Fairfax India Ho-sub Vtg Shs | 0% | +6.87% | Add |
| 35 | AAPL | Apple Inc | 0% | +8.04% | Add |
| 36 | AVGO | Broadcom Inc | 0% | +9.19% | Add |
| 37 | DAL | Delta Air Lines Inc | 0% | +0.55% | Add |
| 38 | VBR | Vanguard Small-cap Value ETF | 0% | +6.78% | Add |
| 39 | ECG | Everus Construction Group | 0% | -3.73% | Trim |
| 40 | TXN | Texas Instruments Inc | 0% | +9.36% | Add |
| 41 | VRT | Vertiv Holdings Co-a | 0% | +2.70% | Add |
| 42 | MNST | Monster Beverage CORP | 0% | +1.73% | Add |
| 43 | ARWR | Arrowhead Pharmaceuticals In | 0% | — | Unchanged |
| 44 | WERN | Werner Enterprises Inc | 0% | +0.24% | Add |
| 45 | QCOM | Qualcomm Inc | 0% | +12.54% | Add |
| 46 | IBM | Intl Business Machines CORP | 0% | +20.06% | Add |
| 47 | SCHF | Schwab Intl Equity ETF | — | +5.77% | Add |
| 48 | AMZN | Amazon.com Inc | — | +3.62% | Add |
| 49 | ABBV | Abbvie Inc | — | +2.30% | Add |
| 50 | BWB | Bridgewater Bancshares Inc | — | -2.43% | Trim |
1–50 of 175
Filing History
FAQ
What is Elgethun Capital Management and what type of investor is it?
Elgethun Capital Management is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $717.8M, spread across 174 disclosed positions.
What are Elgethun Capital Management's largest equity positions?
Based on the latest 13F filing, Elgethun Capital Management's top holdings by market value are:
1. Eli Lilly & Co (LLY) — $72.6M (10.1%)
2. Berkshire Hathaway Inc-cl B (BRK-B) — $68.0M (9.5%)
3. Fairfax Financial Hldgs LTD (FRFHF) — $41.9M (5.8%)
4. Ishares Msci Eafe Value ETF (EFV) — $36.2M (5.0%)
5. Ishares Core Msci Emerging (IEMG) — $30.5M (4.3%)
What changes did Elgethun Capital Management make in its most recent portfolio filing?
In the latest reported quarter, Elgethun Capital Management made 151 notable position adjustments: 9 new positions were initiated, 118 existing holdings were added to, 23 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Lululemon Athletica Inc (LULU); New buy: ; New buy: Ares Capital CORP (ARCC); Sold out: Honeywell International Inc (HON); New buy: Palo Alto Networks Inc (PANW)
What sectors does Elgethun Capital Management focus on?
Elgethun Capital Management is concentrated in the following sectors based on its current disclosed equity portfolio:
• Health Care: 32.8%
• Financials: 16.2%
• Consumer Discretionary: 16.0%
• Information Technology: 11.8%
• Consumer Staples: 7.6%
• Energy: 7.0%
Investment Profile
Elgethun Capital Management returned an annualized 17.7% over the trailing 36 months — outperforming the S&P 500 by 2.2 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.74 (less volatile than the market) and a 47% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 32.8% of the portfolio concentrated in Health Care.
Its turnover score has risen from 0 to 22 over the past 4 quarters — a shift toward more active trading.
It has added to its LLY position over the past two quarters (+$46.1M, now $72.6M), while trimming C over the same stretch (-$8.9M, still holding $11.5M).
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