# MLP3, LLC

> Institutional holdings reported to the SEC as of Q1 2026 on Form 13F. CIK 2109061. Source: https://holderbook.com/funds/2109061-mlp3-llc/

- Reported value: $90.7M
- Positions: 86
- Weight of the ten largest: 48.6%
- Filed: 2026-04-13

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/) | $14.1M | 29,390 | 15.5% | 2 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $5.7M | 29,829 | 6.3% | 2 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $5.0M | 65,263 | 5.5% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.2M | 4,986 | 3.6% | 2 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $3.1M | 17,195 | 3.5% | 2 |
| ISHARES TR | [IUSG](https://holderbook.com/stocks/IUSG/) | $2.7M | 17,241 | 2.9% | 2 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $2.6M | 5,638 | 2.9% | 2 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $2.6M | 38,266 | 2.8% | 2 |
| PROSHARES TR | [NOBL](https://holderbook.com/stocks/NOBL/) | $2.5M | 23,822 | 2.8% | 2 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $2.5M | 9,802 | 2.7% | 2 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $2.2M | 8,798 | 2.4% | 2 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $1.9M | 33,902 | 2.1% | 2 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $1.8M | 8,833 | 2.0% | 2 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.8M | 6,214 | 2.0% | 2 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $1.6M | 10,781 | 1.8% | 2 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $1.6M | 11,147 | 1.8% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.5M | 4,960 | 1.6% | 2 |
| PROSHARES TR | [REGL](https://holderbook.com/stocks/REGL/) | $1.4M | 16,583 | 1.6% | 2 |
| ISHARES TR | [DGRO](https://holderbook.com/stocks/DGRO/) | $1.4M | 20,323 | 1.6% | 2 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $1.3M | 10,651 | 1.5% | 2 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $1.3M | 9,741 | 1.4% | 2 |
| ISHARES TR | [IUSV](https://holderbook.com/stocks/IUSV/) | $1.3M | 12,376 | 1.4% | 2 |
| SOFI TECHNOLOGIES INC | [SOFI](https://holderbook.com/stocks/SOFI/) | $1.2M | 78,515 | 1.4% | 2 |
| ISHARES TR | [IDU](https://holderbook.com/stocks/IDU/) | $1.1M | 9,268 | 1.2% | 2 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $925.0K | 3,554 | 1.0% | 2 |
| OPERA LTD | [OPRA](https://holderbook.com/stocks/OPRA/) | $866.6K | 60,774 | 1.0% | 2 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $804.2K | 5,430 | 0.9% | 2 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $758.3K | 6,687 | 0.8% | 2 |
| TIDAL TRUST II | [XMAG](https://holderbook.com/stocks/XMAG/) | $729.1K | 32,817 | 0.8% | 2 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $718.1K | 1 | 0.8% | 2 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $710.3K | 2,906 | 0.8% | 2 |
| ISHARES TR | [IMCG](https://holderbook.com/stocks/IMCG/) | $641.7K | 8,147 | 0.7% | 2 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $639.3K | 334 | 0.7% | 2 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $604.7K | 1,634 | 0.7% | 2 |
| ISHARES TR | [IOO](https://holderbook.com/stocks/IOO/) | $603.9K | 4,992 | 0.7% | 2 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $583.0K | 1,355 | 0.6% | 2 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $563.3K | 2,590 | 0.6% | 2 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $544.5K | 2,616 | 0.6% | 2 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $528.3K | 1,239 | 0.6% | 2 |
| ISHARES TR | [IWO](https://holderbook.com/stocks/IWO/) | $518.1K | 1,651 | 0.6% | 2 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $459.5K | 2,841 | 0.5% | 2 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $456.2K | 5,999 | 0.5% | 2 |
| ISHARES TR | [IBDV](https://holderbook.com/stocks/IBDV/) | $456.2K | 20,841 | 0.5% | 2 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $451.9K | 2,664 | 0.5% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $439.4K | 1,528 | 0.5% | 2 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $437.9K | 3,991 | 0.5% | 2 |
| WISDOMTREE TR | [AIVL](https://holderbook.com/stocks/AIVL/) | $435.3K | 3,762 | 0.5% | 2 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $429.3K | 1,495 | 0.5% | 2 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $397.2K | 1,400 | 0.4% | 2 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $393.7K | 4,802 | 0.4% | 2 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $384.4K | 1,940 | 0.4% | 2 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $384.3K | 623 | 0.4% | 2 |
| NU HLDGS LTD | [NU](https://holderbook.com/stocks/NU/) | $382.2K | 26,595 | 0.4% | 2 |
| SYNCHRONY FINANCIAL | [SYF](https://holderbook.com/stocks/SYF/) | $373.9K | 5,497 | 0.4% | 2 |
| VIRTUS ETF TR II | [JOET](https://holderbook.com/stocks/JOET/) | $367.1K | 9,172 | 0.4% | 2 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $353.0K | 2,135 | 0.4% | 2 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $347.4K | 7,570 | 0.4% | 2 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $339.4K | 4,193 | 0.4% | 2 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $337.0K | 3,349 | 0.4% | 2 |
| ISHARES TR | [IBTH](https://holderbook.com/stocks/IBTH/) | $333.8K | 14,881 | 0.4% | 2 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $315.6K | 362 | 0.3% | 2 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $308.1K | 1,922 | 0.3% | 2 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $303.4K | 695 | 0.3% | 2 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $297.8K | 836 | 0.3% | 2 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $291.3K | 4,756 | 0.3% | 2 |
| ISHARES TR | [IBTJ](https://holderbook.com/stocks/IBTJ/) | $289.7K | 13,261 | 0.3% | 2 |
| ISHARES TR | [IBTG](https://holderbook.com/stocks/IBTG/) | $286.3K | 12,495 | 0.3% | 1 |
| PPL CORP | [PPL](https://holderbook.com/stocks/PPL/) | $276.8K | 7,246 | 0.3% | 2 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $273.5K | 1,125 | 0.3% | 2 |
| ISHARES TR | [IBDU](https://holderbook.com/stocks/IBDU/) | $273.3K | 11,750 | 0.3% | 2 |
| WISDOMTREE TR | [DLN](https://holderbook.com/stocks/DLN/) | $270.1K | 3,023 | 0.3% | 2 |
| ISHARES TR | [IYK](https://holderbook.com/stocks/IYK/) | $270.0K | 3,855 | 0.3% | 2 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $263.7K | 2,693 | 0.3% | 2 |
| ISHARES TR | [IBTK](https://holderbook.com/stocks/IBTK/) | $258.3K | 13,097 | 0.3% | 2 |
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $253.1K | 5,000 | 0.3% | 2 |
| ISHARES TR | [IBTI](https://holderbook.com/stocks/IBTI/) | $244.8K | 10,988 | 0.3% | 1 |
| ISHARES TR | [IBDR](https://holderbook.com/stocks/IBDR/) | $240.4K | 9,917 | 0.3% | 1 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $238.3K | 1,257 | 0.3% | 2 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $220.7K | 4,396 | 0.2% | 1 |
| HUNTINGTON INGALLS INDS INC | [HII](https://holderbook.com/stocks/HII/) | $218.4K | 575 | 0.2% | 1 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $217.1K | 4,398 | 0.2% | 2 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $216.5K | 235 | 0.2% | 2 |
| ISHARES TR | [IBDS](https://holderbook.com/stocks/IBDS/) | $215.5K | 8,890 | 0.2% | 2 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $207.0K | 1,420 | 0.2% | 2 |
| BANCO SANTANDER S.A. | [SAN](https://holderbook.com/stocks/SAN/) | $128.3K | 11,376 | 0.1% | 2 |
| AMBEV SA | [ABEV](https://holderbook.com/stocks/ABEV/) | $78.2K | 26,792 | 0.1% | 2 |

## 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 |
|---|---|---|---|---|
| Q1 2026 | -3.6% | -4.6% | +1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2026 | $90.7M | 86 |
| Q4 2025 | $91.6M | 87 |