WINMILL & CO INC
Q4 2025 Form 13-F
ROCHESTER, NEW YORK
CIK 0000052234
· Institutional investment manager
Consolidated report · includes
1 manager
since Q3 2019
$374.9M Reported Value Total
Reported value
$374.9M
Quarter over quarter
+3.6%
Holdings
56
Top-10 concentration
58.4%
Filing Structure
Reports holdings for
- Bexil Advisers LLC · File #028-14476 · since Q3 2019
Key People
Named on the latest Form 13-F filing — not necessarily an owner
Russell Kamerman
Co-General Counsel
Filing Navigation
Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.
13F Metrics
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Q4 2025 13F record
Q4 2025 13F filing summary
| Period of report | December 31, 2025 |
|---|---|
| Filed | February 13, 2026 |
| Form | 13F-HR |
| Reported value | $374.9M |
| Positions | 56 |
| Change in reported value | -9.1% |
| New positions | 5 |
| Exited positions | 4 |
| Position turnover | 15.0% |
| Top-10 concentration | 58.4% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q2 2026 13F
Filed Aug 13, 2026
|
56 | $451.7M |
|
Q1 2026 13F
Filed May 14, 2026
|
54 | $346.6M |
|
Q4 2025 13F
Filed Feb 13, 2026
|
56 | $374.9M |
|
Q3 2025 13F
Filed Nov 13, 2025
|
55 | $412.4M |
|
Q2 2025 13F
Filed Aug 1, 2025
|
55 | $359.6M |
|
Q1 2025 13F
Filed May 14, 2025
|
57 | $329.0M |
|
Q4 2024 13F
Filed Feb 13, 2025
|
55 | $309.0M |
|
Q3 2024 13F
Filed Nov 13, 2024
|
54 | $297.2M |
|
Q2 2024 13F
Filed Aug 13, 2024
|
58 | $293.2M |
|
Q1 2024 13F
Filed May 14, 2024
|
64 | $351.3M |
|
Q4 2023 13F
Filed Feb 13, 2024
|
68 | $311.9M |
|
Q3 2023 13F
Filed Nov 13, 2023
|
69 | $273.0M |
|
Q2 2023 13F
Filed Aug 11, 2023
|
74 | $279.6M |
|
Q1 2023 13F
Filed May 12, 2023
|
72 | $268.2M |
|
Q4 2022 13F
Filed Feb 13, 2023
|
75 | $274.6M |
|
Q3 2022 13F
Filed Nov 10, 2022
|
75 | $252.6M |
|
Q2 2022 13F
Filed Aug 12, 2022
|
75 | $275.7M |
|
Q1 2022 13F
Filed May 13, 2022
|
76 | $328.6M |
|
Q4 2021 13F
Filed Feb 11, 2022
|
78 | $347.0M |
|
Q3 2021 13F
Filed Nov 12, 2021
|
82 | $312.7M |
8 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q4 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | GOOGL Alphabet, Inc. | $33.8M | 9.02% |
| 2 | STLD STEEL DYNAMICS INC | $28.6M | 7.63% |
| 3 | AZO AUTOZONE INC | $24.0M | 6.39% |
| 4 | IBKR Interactive Brokers Group, Inc. | $21.0M | 5.61% |
| 5 | WSM WILLIAMS SONOMA INC | $20.0M | 5.33% |
| 6 | IAG IAMGOLD Corporation | $19.6M | 5.23% |
| 7 | MLI Mueller Industries, Inc. | $19.4M | 5.18% |
| 8 | LRCX Lam Research Corporation | $18.7M | 4.98% |
| 9 | LPLA LPL Financial Holdings, Inc. | $17.5M | 4.65% |
| 10 | NMIH NMI Holdings, Inc. | $16.2M | 4.31% |
| 11 | ESNT Essent Group Ltd. | $14.6M | 3.89% |
| 12 | PGR PROGRESSIVE CORP | $14.6M | 3.89% |
| 13 | DDS DILLARDS INC | $13.1M | 3.48% |
| 14 | URI UNITED RENTALS INC | $12.5M | 3.33% |
| 15 | HCA HCA Healthcare, Inc. | $12.3M | 3.29% |
| 16 | YOU Clear Secure, Inc. | $10.1M | 2.71% |
| 17 | DFIN Donnelley Financial Solutions, Inc. | $9.1M | 2.44% |
| 18 | NVR NVR INC | $7.7M | 2.07% |
| 19 | PYPL PayPal Holdings, Inc. | $7.6M | 2.02% |
| 20 | MA Mastercard, Inc. | $5.7M | 1.52% |
Values as reported on the Q4 2025 Form 13F. Every position is in the holdings table below.