# Nitor Capital Management LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2019017. Source: https://holderbook.com/funds/2019017-nitor-capital-management-llc/

- Reported value: $148.1M
- Positions: 24
- Weight of the ten largest: 86.0%
- Filed: 2026-08-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| TEJON RANCH CO | [TRC](https://holderbook.com/stocks/TRC/) | $33.6M | 1,798,905 | 22.7% | 3 |
| ST JOE CO | [JOE](https://holderbook.com/stocks/JOE/) | $33.0M | 526,496 | 22.3% | 3 |
| CF INDUSTRIES HOLD | [CF](https://holderbook.com/stocks/CF/) | $15.8M | 125,225 | 10.6% | 3 |
| BEL FUSE INC | [BELFB](https://holderbook.com/stocks/BELFB/) | $8.5M | 25,400 | 5.7% | 3 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $8.2M | 223,604 | 5.5% | 3 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $7.4M | 46,593 | 5.0% | 3 |
| NATURAL RESOURCE PARTNERS LP | [NRP](https://holderbook.com/stocks/NRP/) | $6.3M | 65,213 | 4.3% | 3 |
| BOSTON OMAHA CORP | [BOC](https://holderbook.com/stocks/BOC/) | $5.7M | 415,950 | 3.8% | 3 |
| EAGLE MATLS INC | [EXP](https://holderbook.com/stocks/EXP/) | $4.5M | 19,985 | 3.0% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.5M | 8,977 | 3.0% | 3 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $4.2M | 8,200 | 2.8% | 3 |
| BANK OZK LITTLE ROCK ARK | [OZK](https://holderbook.com/stocks/OZK/) | $3.8M | 72,095 | 2.5% | 3 |
| TEXAS PACIFIC LAND CORPORATI | [TPL](https://holderbook.com/stocks/TPL/) | $3.4M | 7,743 | 2.3% | 3 |
| BRUNSWICK CORP | [BC](https://holderbook.com/stocks/BC/) | $2.1M | 25,399 | 1.4% | 3 |
| SUNCOR ENERGY INC NEW | [SU](https://holderbook.com/stocks/SU/) | $2.1M | 39,445 | 1.4% | 3 |
| BEL FUSE INC | [BELFA](https://holderbook.com/stocks/BELFA/) | $2.0M | 7,000 | 1.4% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $748.9K | 1 | 0.5% | 3 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $576.5K | 7,755 | 0.4% | 3 |
| BALCHEM CORP | [BCPC](https://holderbook.com/stocks/BCPC/) | $405.5K | 2,400 | 0.3% | 3 |
| CENTRAL SECS CORP | [CET](https://holderbook.com/stocks/CET/) | $327.3K | 6,241 | 0.2% | 3 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $273.6K | 1,070 | 0.2% | 3 |
| RAYONIER INC | [RYN](https://holderbook.com/stocks/RYN/) | $266.0K | 12,500 | 0.2% | 1 |
| SRH TOTAL RETURN FUND INC | [STEW](https://holderbook.com/stocks/STEW/) | $253.3K | 14,151 | 0.2% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $204.6K | 1,742 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +1.0% | +14.8% | -13.8% | 108% |
| Q1 2026 | +14.3% | -4.6% | +19.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $148.1M | 24 |
| Q1 2026 | $129.9M | 24 |
| Q4 2025 | $112.4M | 24 |