PECAUT & CO
Q4 2023 Form 13-F
SIOUX CITY, IOWA
CIK 0001597200
· CRD 2997
· SEC-registered investment adviser
$249.1M Reported Value Total
PECAUT WEALTH MANAGEMENT reports 478 total accounts under management (AUM). There are 474 discretionary accounts valued at $295,411,721, and 4 non-discretionary accounts valued at $11,176,084.
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
$249.1M
Quarter over quarter
+5.6%
Holdings
80
Top-10 concentration
56.5%
Key People
Form ADV owners & control persons
Michael William Gallagher
CO-CEO AND CCO
John Christian Pecaut
CO-CEO
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Q4 2023 13F record
Q4 2023 13F filing summary
| Period of report | December 31, 2023 |
|---|---|
| Filed | February 07, 2024 |
| Form | 13F-HR |
| Reported value | $249.1M |
| Positions | 80 |
| Change in reported value | +4.3% |
| New positions | 5 |
| Exited positions | 26 |
| Position turnover | 29.3% |
| Top-10 concentration | 56.5% |
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 · Q4 2023
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | BRK-B BERKSHIRE HATHAWAY INC DEL | $25.5M | 10.25% |
| 2 | SGOV ISHARES TR | $25.2M | 10.12% |
| 3 | BILS SPDR SER TR | $22.3M | 8.95% |
| 4 | AAPL APPLE INC | $15.3M | 6.15% |
| 5 | GOOG ALPHABET INC | $13.0M | 5.22% |
| 6 | SPYG SPDR SER TR | $9.4M | 3.79% |
| 7 | TPL TEXAS PACIFIC LAND CORPORATI | $9.3M | 3.75% |
| 8 | SPYV SPDR SER TR | $7.3M | 2.95% |
| 9 | SDY SPDR SER TR | $6.8M | 2.71% |
| 10 | BRK-A BERKSHIRE HATHAWAY INC DEL | $6.5M | 2.61% |
| 11 | PAVE GLOBAL X FDS | $6.4M | 2.58% |
| 12 | EMXC ISHARES INC | $6.3M | 2.54% |
| 13 | SPMD SPDR SER TR | $6.3M | 2.54% |
| 14 | LOW LOWES COS INC | $6.2M | 2.5% |
| 15 | COST COSTCO WHSL CORP NEW | $6.1M | 2.47% |
| 16 | AN AUTONATION INC | $5.0M | 2.01% |
| 17 | SPDW SPDR INDEX SHS FDS | $4.6M | 1.85% |
| 18 | KNF KNIFE RIVER CORP | $4.2M | 1.67% |
| 19 | DE DEERE & CO | $3.3M | 1.32% |
| 20 | CP CANADIAN PACIFIC KANSAS CITY | $3.2M | 1.3% |
Values as reported on the Q4 2023 Form 13F. Every position is in the holdings table below.