PECAUT & CO
Q3 2026 Form 13-F
SIOUX CITY, IOWA
CIK 0001597200
· CRD 2997
· SEC-registered investment adviser
$345.7M Reported Value Total
PECAUT WEALTH MANAGEMENT reports 554 total accounts under management (AUM). There are 549 discretionary accounts valued at $365,036,294, and 5 non-discretionary accounts valued at $16,716,835.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
Source: Form ADV filed 2025-11-19
Reported value
$345.7M
Quarter over quarter
-3.0%
Holdings
69
Top-10 concentration
59.7%
Key People
Form ADV owners & control persons
Michael William Gallagher
CO-CEO AND CCO
John Christian Pecaut
CO-CEO
Filing Navigation
13F Metrics
Loading 13F Metrics
Q3 2026 13F record
Q3 2026 13F filing summary
| Period of report | September 30, 2026 |
|---|---|
| Filed | October 27, 2026 |
| Form | 13F-HR |
| Reported value | $345.7M |
| Positions | 69 |
| Change in reported value | +5.3% |
| New positions | 5 |
| Exited positions | 1 |
| Position turnover | 8.6% |
| Top-10 concentration | 59.7% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2026 13F
Filed Oct 27, 2026
|
69 | $345.7M |
|
Q2 2026 13F
Filed Aug 3, 2026
|
65 | $328.2M |
|
Q1 2026 13F
Filed May 11, 2026
|
66 | $308.0M |
|
Q4 2025 13F
Filed Feb 10, 2026
|
70 | $310.0M |
|
Q3 2025 13F
Filed Nov 3, 2025
|
79 | $311.3M |
|
Q2 2025 13F
Filed Aug 14, 2025
|
82 | $301.2M |
|
Q1 2025 13F
Filed May 2, 2025
|
77 | $293.9M |
|
Q4 2024 13F
Filed Feb 11, 2025
|
75 | $289.7M |
|
Q3 2024 13F
Filed Nov 6, 2024
|
74 | $282.7M |
|
Q2 2024 13F
Filed Aug 7, 2024
|
70 | $264.5M |
|
Q1 2024 13F
Filed May 7, 2024
|
78 | $268.3M |
|
Q4 2023 13F
Filed Feb 7, 2024
|
80 | $249.1M |
|
Q3 2023 13F
Filed Nov 13, 2023
|
101 | $238.9M |
|
Q2 2023 13F
Filed Aug 9, 2023
|
106 | $237.1M |
|
Q1 2023 13F
Filed May 11, 2023
|
110 | $219.5M |
|
Q4 2022 13F
Filed Feb 14, 2023
|
108 | $210.6M |
|
Q3 2022 13F
Filed Nov 9, 2022
|
101 | $188.6M |
|
Q2 2022 13F
Filed Aug 4, 2022
|
98 | $177.5M |
|
Q1 2022 13F
Filed May 10, 2022
|
101 | $205.4M |
|
Q4 2021 13F
Filed Feb 11, 2022
|
97 | $197.0M |
32 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q3 2026
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | BRK-B BERKSHIRE HATHAWAY INC DEL | $28.0M | 8.09% |
| 2 | BILS SPDR SERIES TRUST | $26.2M | 7.58% |
| 3 | JPIE J P MORGAN EXCHANGE TRADED F | $25.6M | 7.39% |
| 4 | VCSH VANGUARD SCOTTSDALE FDS | $24.8M | 7.18% |
| 5 | EMXC ISHARES INC | $20.1M | 5.82% |
| 6 | SPYG SPDR SERIES TRUST | $19.0M | 5.51% |
| 7 | GOOG ALPHABET INC | $17.1M | 4.94% |
| 8 | SGOV ISHARES TR | $16.6M | 4.8% |
| 9 | SPDW SPDR INDEX SHS FDS | $15.3M | 4.43% |
| 10 | VIG VANGUARD SPECIALIZED FUNDS | $13.8M | 3.98% |
| 11 | AAPL APPLE INC | $11.6M | 3.36% |
| 12 | SPYV SPDR SERIES TRUST | $11.6M | 3.36% |
| 13 | GRID FIRST TR EXCHANGE-TRADED FD | $8.9M | 2.57% |
| 14 | INFL LISTED FDS TR | $8.0M | 2.31% |
| 15 | TPL TEXAS PACIFIC LAND CORPORATI | $6.7M | 1.94% |
| 16 | SPMD SPDR SERIES TRUST | $6.7M | 1.93% |
| 17 | COST COSTCO WHOLESALE CORPORATION | $6.3M | 1.82% |
| 18 | BRK-A BERKSHIRE HATHAWAY INC DEL | $6.0M | 1.73% |
| 19 | AIRR FIRST TR EXCHANGE TRADED FD | $5.5M | 1.58% |
| 20 | MSFT MICROSOFT CORP | $4.2M | 1.23% |
Values as reported on the Q3 2026 Form 13F. Every position is in the holdings table below.