# INKWELL CAPITAL LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2050138. Source: https://holderbook.com/funds/2050138-inkwell-capital-llc/

- Reported value: $96.2M
- Positions: 31
- Weight of the ten largest: 46.1%
- Filed: 2026-08-03

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 |
|---|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $7.0M | 13,942 | 7.3% | 7 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $5.0M | 2,567 | 5.2% | 7 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $5.0M | 23,510 | 5.2% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.6M | 12,820 | 4.8% | 7 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $4.5M | 39,163 | 4.7% | 7 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $3.9M | 7,548 | 4.0% | 7 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $3.9M | 28,170 | 4.0% | 7 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $3.7M | 11,710 | 3.8% | 7 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $3.4M | 15,708 | 3.6% | 2 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $3.4M | 36,570 | 3.5% | 7 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.3M | 14,036 | 3.5% | 7 |
| RESTAURANT BRANDS INTL INC | [QSR](https://holderbook.com/stocks/QSR/) | $3.3M | 46,104 | 3.5% | 7 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $3.3M | 34,726 | 3.5% | 7 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $3.2M | 18,290 | 3.3% | 7 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.1M | 10,809 | 3.3% | 7 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $3.0M | 6,608 | 3.1% | 7 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $2.8M | 6,808 | 2.9% | 7 |
| U HAUL HOLDING COMPANY | [UHALB](https://holderbook.com/stocks/UHALB/) | $2.8M | 48,880 | 2.9% | 7 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $2.7M | 6,889 | 2.8% | 1 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $2.7M | 55,005 | 2.8% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.5M | 4,510 | 2.6% | 7 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $2.5M | 29,230 | 2.6% | 4 |
| DOMINOS PIZZA INC | [DPZ](https://holderbook.com/stocks/DPZ/) | $2.4M | 8,144 | 2.5% | 2 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $2.4M | 24,816 | 2.5% | 4 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $2.2M | 6,444 | 2.3% | 7 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $2.0M | 19,977 | 2.1% | 7 |
| BUILDERS FIRSTSOURCE INC | [BLDR](https://holderbook.com/stocks/BLDR/) | $2.0M | 22,630 | 2.1% | 7 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $2.0M | 47,729 | 2.0% | 7 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.9M | 5,181 | 2.0% | 7 |
| ELEVANCE HEALTH INC FORMERLY | [ELV](https://holderbook.com/stocks/ELV/) | $1.3M | 3,265 | 1.3% | 7 |
| WELLS FARGO & CO | [WFCPRL](https://holderbook.com/stocks/WFCPRL/) | $253.4K | 219 | 0.3% | 6 |

## 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 | +4.5% | +14.8% | -10.4% | 100% |
| Q1 2026 | -3.7% | -4.6% | +1.0% | 100% |
| Q4 2025 | +3.2% | +2.4% | +0.8% | 100% |
| Q3 2025 | +2.6% | +7.8% | -5.2% | 100% |
| Q2 2025 | +3.6% | +10.5% | -6.9% | 100% |
| Q1 2025 | -0.3% | -4.6% | +4.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $96.2M | 31 |
| Q1 2026 | $98.2M | 31 |
| Q4 2025 | $98.4M | 29 |
| Q3 2025 | $98.1M | 29 |
| Q2 2025 | $93.4M | 29 |
| Q1 2025 | $91.5M | 30 |
| Q4 2024 | $93.5M | 32 |