# ELKHORN PARTNERS LIMITED PARTNERSHIP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 928400. Source: https://holderbook.com/funds/928400-elkhorn-partners-limited-partnership/

- Reported value: $116.7M
- Positions: 50
- Weight of the ten largest: 94.4%
- Filed: 2026-08-13

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 | [BRKA](https://holderbook.com/stocks/BRKA/) | $37.4M | 50 | 32.1% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $27.3M | 54,630 | 23.4% | 31 |
| WHITE MTNS INS GROUP LTD | [WTM](https://holderbook.com/stocks/WTM/) | $25.5M | 12,320 | 21.9% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $5.6M | 15,600 | 4.8% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $5.1M | 14,500 | 4.4% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.4M | 11,800 | 2.9% | 31 |
| CADIZ INC | [CDZI](https://holderbook.com/stocks/CDZI/) | $2.7M | 656,000 | 2.3% | 31 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $1.1M | 4,900 | 0.9% | 22 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $993.7K | 4,500 | 0.9% | 1 |
| KIMBERLY-CLARK CORP | [KMB](https://holderbook.com/stocks/KMB/) | $944.0K | 8,600 | 0.8% | 3 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $825.8K | 5,900 | 0.7% | 31 |
| INTERNATIONAL FLAVORS&FRAGRA | [IFF](https://holderbook.com/stocks/IFF/) | $625.8K | 7,900 | 0.5% | 6 |
| QXO INC | [QXO](https://holderbook.com/stocks/QXO/) | $414.7K | 24,000 | 0.4% | 2 |
| FOX CORP | [FOX](https://holderbook.com/stocks/FOX/) | $374.7K | 8,000 | 0.3% | 1 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $366.1K | 650 | 0.3% | 3 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $341.0K | 1,000 | 0.3% | 2 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $338.3K | 1,650 | 0.3% | 9 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $309.6K | 830 | 0.3% | 1 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $303.1K | 4,200 | 0.3% | 7 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $250.7K | 1,600 | 0.2% | 2 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $204.7K | 8,500 | 0.2% | 14 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $192.1K | 4,500 | 0.2% | 1 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $164.2K | 2,300 | 0.1% | 3 |
| DUPONT DE NEMOURS INC | - | $162.8K | 1,200 | 0.1% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $143.0K | 600 | 0.1% | 4 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $137.2K | 330 | 0.1% | 5 |
| FIVE POINT HOLDINGS LLC | [FPH](https://holderbook.com/stocks/FPH/) | $121.2K | 23,000 | 0.1% | 24 |
| ACACIA RESH CORP | [ACTG](https://holderbook.com/stocks/ACTG/) | $116.5K | 25,000 | 0.1% | 31 |
| CRISPR THERAPEUTICS AG | [CRSP](https://holderbook.com/stocks/CRSP/) | $109.1K | 2,000 | 0.1% | 9 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $102.4K | 1,600 | 0.1% | 1 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $99.3K | 1,000 | 0.1% | 2 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $86.4K | 900 | 0.1% | 22 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $84.0K | 420 | 0.1% | 2 |
| ATLANTA BRAVES HLDGS INC | [BATRK](https://holderbook.com/stocks/BATRK/) | $83.0K | 1,600 | 0.1% | 3 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $70.2K | 400 | 0.1% | 1 |
| CARDIFF ONCOLOGY INC | [CRDF](https://holderbook.com/stocks/CRDF/) | $62.4K | 48,000 | 0.1% | 25 |
| MEDIAALPHA INC | [MAX](https://holderbook.com/stocks/MAX/) | $56.6K | 4,500 | 0.0% | 2 |
| DOW HLDGS INC | [DOW](https://holderbook.com/stocks/DOW/) | $54.7K | 2,000 | 0.0% | 29 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $48.6K | 1,000 | 0.0% | 11 |
| SHAKE SHACK INC | [SHAK](https://holderbook.com/stocks/SHAK/) | $44.8K | 800 | 0.0% | 1 |
| NEPHROS INC | [NEPH](https://holderbook.com/stocks/NEPH/) | $39.3K | 11,000 | 0.0% | 27 |
| PERSHING SQUARE USA LTD | [PSUS](https://holderbook.com/stocks/PSUS/) | $37.4K | 1,000 | 0.0% | 1 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $33.8K | 100 | 0.0% | 2 |
| READING INTL INC | [RDI](https://holderbook.com/stocks/RDI/) | $33.3K | 26,000 | 0.0% | 31 |
| CABLE ONE INC | [CABO](https://holderbook.com/stocks/CABO/) | $29.2K | 550 | 0.0% | 1 |
| FG NEXUS INC. | [FGNX](https://holderbook.com/stocks/FGNX/) | $25.9K | 5,000 | 0.0% | 1 |
| FORRESTER RESH INC | [FORR](https://holderbook.com/stocks/FORR/) | $25.2K | 3,000 | 0.0% | 3 |
| BIOHAVEN LTD | [BHVN](https://holderbook.com/stocks/BHVN/) | $16.4K | 1,100 | 0.0% | 9 |
| MOUNT LOGAN CAP INC | [MLCI](https://holderbook.com/stocks/MLCI/) | $5.2K | 1,500 | 0.0% | 1 |
| CREATIVE REALITIES INC | [CREX](https://holderbook.com/stocks/CREX/) | $62 | 15 | 0.0% | 5 |

## 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 | +3.8% | +14.8% | -11.0% | 71% |
| Q1 2026 | +1.9% | -4.6% | +6.6% | 100% |
| Q4 2025 | +9.9% | +2.4% | +7.5% | 100% |
| Q3 2025 | +8.6% | +7.8% | +0.8% | 100% |
| Q2 2025 | -9.9% | +10.5% | -20.4% | 100% |
| Q1 2025 | +0.8% | -4.6% | +5.3% | 100% |
| Q4 2024 | +0.7% | +2.1% | -1.5% | 100% |
| Q3 2024 | +7.4% | +5.4% | +1.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $116.7M | 50 |
| Q1 2026 | $157.1M | 48 |
| Q4 2025 | $158.3M | 50 |
| Q3 2025 | $147.3M | 37 |
| Q2 2025 | $137.5M | 37 |
| Q1 2025 | $152.6M | 34 |
| Q4 2024 | $152.3M | 41 |
| Q3 2024 | $155.6M | 44 |
| Q2 2024 | $145.2M | 49 |
| Q1 2024 | $138.6M | 45 |
| Q4 2023 | $144.5M | 47 |
| Q3 2023 | $152.9M | 50 |