Elgethun Capital Management

SIOUX FALLS, SD · CIK 1638022 · 13F filing filed 2026-07-29

SEC-registered investment adviser since 2006 · corporation

Assets managed$1.1bn
Staff13 · 10 in investment roles
Main clients (by assets)High net worth individuals 86%, Private funds 8%, Individuals 3%
Private funds2 (1 hedge) · $86.0m gross assets
Websiteelgethuncapitalmanagement.com
Form ADV · 2026-03-27SEC adviser record

$717.8m reported value +18.7% vs Q1 2026

174positions

48.3%in top 10

9 new 116 added 23 reduced 1 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ELI LILLY & CO COM LLY	LLY	60,510	$72.6m10.11%	10.11%	Added +9.2k	+9,231 18.0%
2	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	135,910	$68.0m9.47%	9.47%	Added +3.7k	+3,707 2.8%
3	FAIRFAX FINANCIAL HOLDINGS COM FRFHF	FRFHF	25,417	$41.9m5.83%	5.83%	Added +597	+597 2.4%
4	ISHARES TR EAFE VALUE ETF EFV	EFV	472,684	$36.2m5.04%	5.04%	Added +15.3k	+15,288 3.3%
5	ISHARES INC CORE MSCI EMKT IEMG	IEMG	368,546	$30.5m4.25%	4.25%	Added +7.1k	+7,148 2.0%
6	SCHWAB STRATEGIC TR FUNDAMENTAL EMER FNDE	FNDE	556,068	$22.1m3.07%	3.07%	Added +16.3k	+16,295 3.0%
7	BOSTON OMAHA CORP CL A COM STK BOC	BOC	1,461,947	$19.9m2.78%	2.78%	Added +4.0k	+3,955 0.3%
8	SCHWAB STRATEGIC TR INTL EQTY ETF SCHF	SCHF	719,235	$19.9m2.78%	2.78%	Added +39.2k	+39,238 5.8%
9	PATHWARD FINANCIAL INC COM CASH	CASH	210,540	$18.3m2.55%	2.55%	Added +6.8k	+6,777 3.3%
10	BANCORP INC DEL COM TBBK	TBBK	278,839	$17.5m2.43%	2.43%	Added +53.9k	+53,948 24.0%
11	SCHWAB STRATEGIC TR US BRD MKT ETF SCHB	SCHB	562,608	$16.3m2.27%	2.27%	Reduced -4.0k	-4,037 -0.7%
12	SCHWAB CHARLES CORP COM SCHW	SCHW	161,024	$14.9m2.07%	2.07%	Added +5.4k	+5,448 3.5%
13	VITESSE ENERGY INC COMMON STOCK VTS	VTS	938,964	$14.8m2.06%	2.06%	Added +898.5k	+898,450 2217.6%
14	DREAM FINDERS HOMES INC COM CL A DFH	DFH	819,406	$14.1m1.97%	1.97%	Added +314.0k	+314,028 62.1%
15	LIBERTY GLOBAL LTD COM CL C LBTYK	LBTYK	1,242,756	$13.7m1.90%	1.90%	Added +384.8k	+384,759 44.8%
16	LIBERTY MEDIA CORP DEL COM LBTY ONE S A FWONA	FWONA	155,327	$13.6m1.89%	1.89%	Added +5.9k	+5,887 3.9%
17	DRIVEN BRANDS HLDGS INC COM DRVN	DRVN	944,046	$13.2m1.83%	1.83%	Added +1.8k	+1,764 0.2%
18	CITIGROUP INC COM NEW C	C	82,225	$11.5m1.60%	1.60%	Reduced -84.9k	-84,881 -50.8%
19	ADVANCE AUTO PARTS INC COM AAP	AAP	177,210	$11.0m1.54%	1.54%	Added +5.3k	+5,277 3.1%
20	ALPS ETF TR ALERIAN MLP AMLP	AMLP	196,637	$10.2m1.42%	1.42%	Added +7.3k	+7,310 3.9%
21	MICROSOFT CORP COM MSFT	MSFT	27,304	$10.2m1.42%	1.42%	Added +564	+564 2.1%
22	LULULEMON ATHLETICA INC COM LULU	LULU	86,396	$9.9m1.37%	1.37%	New
23	VANGUARD INDEX FDS SM CP VAL ETF VBR	VBR	39,970	$9.7m1.35%	1.35%	Added +2.5k	+2,538 6.8%
24	VANGUARD WORLD FD ENERGY ETF VDE	VDE	61,997	$9.3m1.30%	1.30%	Added +2.6k	+2,628 4.4%
25	ATLANTA BRAVES HLDGS INC COM SER C BATRK	BATRK	169,818	$8.8m1.23%	1.23%	Added +5.5k	+5,488 3.3%
26	CRIMSON WINE GROUP LTD COM CWGL	CWGL	1,956,931	$8.6m1.20%	1.20%	Added +195.6k	+195,605 11.1%
27	ALBERTSONS COS INC COMMON STOCK ACI	ACI	571,094	$7.7m1.08%	1.08%	Added +357.5k	+357,478 167.3%
28	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	35,680	$7.6m1.06%	1.06%	Added +4.6k	+4,628 14.9%
29	OCCIDENTAL PETE CORP COM OXY	OXY	151,399	$7.4m1.02%	1.02%	Added +3.8k	+3,783 2.6%
30	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	188,277	$6.9m0.96%	0.96%	Added +1.2k	+1,186 0.6%
31	FAIRFAX INDIA HLDGS CORP COM S COM FFXDF	FFXDF	363,232	$6.6m0.92%	0.92%	Added +23.4k	+23,358 6.9%
32	NVIDIA CORPORATION COM NVDA	NVDA	28,875	$5.8m0.80%	0.80%	Added +2.1k	+2,139 8.0%
33	AMERICAN EXPRESS CO COM AXP	AXP	16,815	$5.7m0.79%	0.79%	Reduced -61	-61 -0.4%
34	AMAZON COM INC COM AMZN	AMZN	22,865	$5.4m0.76%	0.76%	Added +799	+799 3.6%
35	NVR INC COM NVR	NVR	723	$4.9m0.69%	0.69%	Added +63	+63 9.6%
36	APPLE INC COM AAPL	AAPL	16,182	$4.7m0.65%	0.65%	Added +1.2k	+1,204 8.0%
37	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	6	$4.5m0.63%	0.63%	Unchanged
38	KROGER CO COM KR	KR	79,827	$4.4m0.62%	0.62%	Added +1.4k	+1,425 1.8%
39	UNITEDHEALTH GROUP INC COM UNH	UNH	10,457	$4.3m0.61%	0.61%	Added +85	+85 0.8%
40	ISHARES TR RUS MID CAP ETF IWR	IWR	35,515	$3.9m0.55%	0.55%	Unchanged
41	ALPHABET INC CAP STK CL A GOOGL	GOOGL	10,203	$3.6m0.51%	0.51%	Added +464	+464 4.8%
42	ALPHABET INC CAP STK CL C GOOG	GOOG	10,148	$3.6m0.50%	0.50%	Added +265	+265 2.7%
43	SCHWAB STRATEGIC TR US LCAP GR ETF SCHG	SCHG	104,946	$3.6m0.49%	0.49%	Unchanged
44	BLACKROCK MUN TARGET TERM TR COM SHS BEN IN BTT	BTT	137,301	$3.1m0.44%	0.44%	Added +132	+132 0.1%
45	SCHWAB STRATEGIC TR US LCAP VA ETF SCHV	SCHV	80,853	$2.8m0.39%	0.39%	Added +1.1k	+1,112 1.4%
46	WALMART INC COM WMT	WMT	24,330	$2.8m0.38%	0.38%	Added +371	+371 1.6%
47	SCHWAB STRATEGIC TR US LRG CAP ETF SCHX	SCHX	77,853	$2.3m0.32%	0.32%	Reduced -415	-415 -0.5%
48	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	5,294	$2.0m0.27%	0.27%	Added +24	+24 0.5%
49	MERCK & CO INC COM MRK	MRK	14,495	$1.9m0.26%	0.26%	Reduced -182	-182 -1.2%
50	JPMORGAN CHASE & CO COM JPM	JPM	5,565	$1.8m0.25%	0.25%	Added +220	+220 4.1%
51	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	3,732	$1.8m0.25%	0.25%	Added +15	+15 0.4%
52	BERKLEY W R CORP COM WRB	WRB	24,071	$1.7m0.24%	0.24%	Unchanged
53	CSX CORP COM CSX	CSX	34,921	$1.7m0.23%	0.23%	Added +212	+212 0.6%
54	VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF VWO	VWO	27,584	$1.6m0.23%	0.23%	Reduced -269	-269 -1.0%
55	BRIDGEWATER BANCSHARES INC COM BWB	BWB	77,304	$1.6m0.23%	0.23%	Reduced -1.9k	-1,925 -2.4%
56	CARMAX INC COM KMX	KMX	30,552	$1.6m0.23%	0.23%	Added +10.7k	+10,717 54.0%
57	BROADCOM INC COM AVGO	AVGO	4,242	$1.6m0.22%	0.22%	Added +357	+357 9.2%
58	ABBVIE INC COM ABBV	ABBV	6,305	$1.6m0.22%	0.22%	Added +142	+142 2.3%
59	UNITED PARCEL SERVICE INC CL B UPS	UPS	14,677	$1.6m0.22%	0.22%	Added +5.8k	+5,826 65.8%
60	STELLANTIS N.V SHS STLA	STLA	264,437	$1.5m0.21%	0.21%	Reduced -31.4k	-31,380 -10.6%
61	CATERPILLAR INC COM CAT	CAT	1,395	$1.5m0.21%	0.21%	Added +35	+35 2.6%
62	VISA INC COM CL A V	V	4,148	$1.4m0.20%	0.20%	Added +130	+130 3.2%
63	JOHNSON & JOHNSON COM JNJ	JNJ	5,565	$1.4m0.20%	0.20%	Added +184	+184 3.4%
64	HOME DEPOT INC COM HD	HD	3,571	$1.3m0.18%	0.18%	Added +63	+63 1.8%
65	ISHARES TR RUSSELL 2000 ETF IWM	IWM	4,129	$1.2m0.17%	0.17%	Unchanged
66	SPACE EXPLORATION TECHN CORP CLASS A COM STK SPCX	SPCX	6,916	$1.2m0.16%	0.16%	New
67	ARES CAPITAL CORP COM ARCC	ARCC	62,740	$1.2m0.16%	0.16%	New
68	3M CO COM MMM	MMM	6,984	$1.1m0.16%	0.16%	Added +60	+60 0.9%
69	EXXON MOBIL CORP COM XOM	XOM	8,157	$1.1m0.16%	0.16%	Added +372	+372 4.8%
70	VANGUARD INDEX FDS VALUE ETF VTV	VTV	5,087	$1.1m0.15%	0.15%	Reduced -29	-29 -0.6%
71	PHILIP MORRIS INTL INC COM PM	PM	5,815	$1.1m0.15%	0.15%	Added +119	+119 2.1%
72	BEST BUY INC COM BBY	BBY	13,860	$1.1m0.15%	0.15%	Added +142	+142 1.0%
73	SPDR SER TR PORTFOLIO S&P600 SPSM	SPSM	17,632	$1.0m0.14%	0.14%	Reduced -494	-494 -2.7%
74	ISHARES TR CORE MSCI EAFE IEFA	IEFA	10,286	$993.4k0.14%	0.14%	Added +22	+22 0.2%
75	CHEVRON CORP NEW COM CVX	CVX	5,965	$988.7k0.14%	0.14%	Added +179	+179 3.1%
76	ISHARES TR CORE S&P500 ETF IVV	IVV	1,304	$976.6k0.14%	0.14%	Reduced -40	-40 -3.0%
77	MCDONALDS CORP COM MCD	MCD	3,552	$960.1k0.13%	0.13%	Added +64	+64 1.8%
78	VANGUARD INDEX FDS GROWTH ETF VUG	VUG	11,118	$957.7k0.13%	0.13%	Unchanged
79	ISHARES TR MSCI EAFE ETF EFA	EFA	9,138	$949.2k0.13%	0.13%	Unchanged
80	VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT VEA	VEA	12,676	$903.2k0.13%	0.13%	Unchanged
81	VISTRA CORP COM VST	VST	5,650	$896.3k0.12%	0.12%	Added +17	+17 0.3%
82	COCA COLA CO COM KO	KO	10,442	$848.6k0.12%	0.12%	Added +335	+335 3.3%
83	ISHARES TR RUS 2000 GRW ETF IWO	IWO	2,075	$817.5k0.11%	0.11%	Unchanged
84	MARATHON PETE CORP COM MPC	MPC	3,192	$816.1k0.11%	0.11%	Added +24	+24 0.8%
85	TESLA INC COM TSLA	TSLA	1,935	$813.9k0.11%	0.11%	Added +748	+748 63.0%
86	DELTA AIR LINES INC DEL COM NEW DAL	DAL	8,647	$809.9k0.11%	0.11%	Added +47	+47 0.6%
87	MICRON TECHNOLOGY INC COM MU	MU	685	$790.4k0.11%	0.11%	Added +38	+38 5.9%
88	ADVANCED MICRO DEVICES INC COM AMD	AMD	1,360	$790.0k0.11%	0.11%	Added +111	+111 8.9%
89	UNITED RENTALS INC COM URI	URI	689	$780.6k0.11%	0.11%	Added +6	+6 0.9%
90	ORACLE CORP COM ORCL	ORCL	5,297	$776.2k0.11%	0.11%	Added +145	+145 2.8%
91	APPLIED MATLS INC COM AMAT	AMAT	980	$708.5k0.10%	0.10%	Added +63	+63 6.9%
92	PEPSICO INC COM PEP	PEP	4,884	$661.2k0.09%	0.09%	Added +102	+102 2.1%
93	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	950	$652.7k0.09%	0.09%	Added +5	+5 0.5%
94	SELECT SECTOR SPDR TR FINANCIAL XLF	XLF	12,154	$651.6k0.09%	0.09%	Unchanged
95	ILLINOIS TOOL WKS INC COM ITW	ITW	2,266	$612.8k0.09%	0.09%	Added +33	+33 1.5%
96	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	3,700	$584.7k0.08%	0.08%	Unchanged
97	ISHARES TR MSCI ACWI EX US ACWX	ACWX	7,500	$570.8k0.08%	0.08%	Unchanged
98	INTEL CORP COM INTC	INTC	3,839	$536.0k0.07%	0.07%	Reduced -1.2k	-1,229 -24.2%
99	GREEN BRICK PARTNERS INC COM GRBK	GRBK	6,355	$508.7k0.07%	0.07%	Unchanged
100	DEERE & CO COM DE	DE	781	$495.5k0.07%	0.07%	Added +22	+22 2.9%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
HONEYWELL INTL INC		876	$396.1k876 shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
CRIMSON WINE GROUP LTD CWGL · 13G · filed 2026-02-06	CWGL	8.0%	+1.0 pts	13G	2026-02-06