Nitor Capital Management LLC

ENGLEWOOD CLIFFS, NJ · CIK 2019017 · 13F filing filed 2026-08-12

SEC-registered investment adviser since 2026 · limited liability company

Assets managed$158.6m
Staff1 · 1 in investment roles
Main clients (by assets)Private funds 71%, High net worth individuals 28%
Private funds2 (2 hedge) · $109.1m gross assets
Websitenitorcapitalmanagement.com
Form ADV · 2026-06-29SEC adviser record

$148.1m reported value +14.1% vs Q1 2026

24positions

86.0%in top 10

2 new 10 added 4 reduced 2 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	TEJON RANCH CO COM TRC	TRC	1,798,905	$33.6m22.71%	22.71%	Added +117.3k	+117,341 7.0%
2	ST JOE CO COM JOE	JOE	526,496	$33.0m22.26%	22.26%	Reduced -1.1k	-1,104 -0.2%
3	CF INDS HLDGS INC COM CF	CF	125,225	$15.8m10.64%	10.64%	Added +3.8k	+3,795 3.1%
4	BEL FUSE INC CL B BELFB	BELFB	25,400	$8.5m5.71%	5.71%	Unchanged
5	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	223,604	$8.2m5.55%	5.55%	Added +1.0k	+1,000 0.5%
6	VISTRA CORP COM VST	VST	46,593	$7.4m4.99%	4.99%	Added +3.0k	+3,000 6.9%
7	NATURAL RESOURCE PARTNERS L COM UNIT LTD PAR NRP	NRP	65,213	$6.3m4.27%	4.27%	Added +1.0k	+1,004 1.6%
8	BOSTON OMAHA CORP CL A COM STK BOC	BOC	415,950	$5.7m3.83%	3.83%	Added +51.6k	+51,600 14.2%
9	EAGLE MATLS INC COM EXP	EXP	19,985	$4.5m3.04%	3.04%	Added +1.1k	+1,120 5.9%
10	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	8,977	$4.5m3.03%	3.03%	Added +900	+900 11.1%
11	MASTERCARD INCORPORATED CL A MA	MA	8,200	$4.2m2.84%	2.84%	Unchanged
12	BANK OZK LITTLE ROCK ARK COM OZK	OZK	72,095	$3.8m2.53%	2.53%	Added +1.3k	+1,325 1.9%
13	TEXAS PACIFIC LAND CORPORATI COM TPL	TPL	7,743	$3.4m2.29%	2.29%	Unchanged
14	BRUNSWICK CORP COM BC	BC	25,399	$2.1m1.44%	1.44%	Added +1.2k	+1,200 5.0%
15	SUNCOR ENERGY INC NEW COM SU	SU	39,445	$2.1m1.43%	1.43%	Reduced -3.0k	-3,025 -7.1%
16	BEL FUSE INC CL A BELFA	BELFA	7,000	$2.0m1.38%	1.38%	Unchanged
17	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	1	$748.9k0.51%	0.51%	Unchanged
18	WILLIAMS COS INC COM WMB	WMB	7,755	$576.5k0.39%	0.39%	Reduced -1.0k	-1,030 -11.7%
19	BALCHEM CORP COM BCPC	BCPC	2,400	$405.5k0.27%	0.27%	Unchanged
20	CENTRAL SECS CORP COM CET	CET	6,241	$327.3k0.22%	0.22%	Unchanged
21	MARATHON PETE CORP COM MPC	MPC	1,070	$273.6k0.18%	0.18%	Reduced -300	-300 -21.9%
22	RAYONIER INC COM RYN	RYN	12,500	$266.0k0.18%	0.18%	New
23	SRH TOTAL RETURN FUND INC COM STEW	STEW	14,151	$253.3k0.17%	0.17%	Unchanged
24	CISCO SYS INC COM CSCO	CSCO	1,742	$204.6k0.14%	0.14%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
CORE NATURAL RESOURCES INC CNR	CNR	3,990	$417.9k4.0k shares
RCI HOSPITALITY HLDGS INC RICK	RICK	10,305	$235.1k10.3k 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
TEJON RANCH CO TRC · 13G · filed 2026-05-05	TRC	6.2%≈ $31.4m	new	13G	2026-05-05