EPACRIA CAPITAL PARTNERS, LLC Long-Term Concentrated

CIK: 0001927623 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $126,281 (100.0% shares, 0.0% debt)

Holdings (33)

New Positions (2)

SGOV ISHARES TR 2.8%

Value ($000) $3,563 Shares 35,497 Est. Cost $100.38 Unrealized —

MRX MAREX GROUP PLC 0.5%

Value ($000) $637 Shares 16,607 Est. Cost $33.95 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SGOV	ISHARES TR	35,497	$3,563	2.8%	$100.38	—	0-3 MNTH TREASRY	46436E718
MRX	MAREX GROUP PLC	16,607	$637	0.5%	$33.95	0.0%	ORD	G5S37H101

Increased Positions (2)

CNQ CANADIAN NAT RES LTD 6.1%

Value ($000) $7,726 (+7.2%) Shares 228,240 (+1.2%) Est. Cost $31.46 Unrealized +3.0%

FRPH FRP HLDGS INC 1.1%

Value ($000) $1,327 (+3.6%) Shares 58,217 (+10.7%) Est. Cost $28.54 Unrealized -17.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CNQ	CANADIAN NAT RES LTD	228,240 (+1.2%)	$7,726 (+7.2%)	6.1%	$31.46	+3.0%	COM	136385101
FRPH	FRP HLDGS INC	58,217 (+10.7%)	$1,327 (+3.6%)	1.1%	$28.54	-17.2%	COM	30292L107

Exited Positions (3)

SLM SLM CORP 1.3%

Value ($000) $1,606 Shares 58,003 Est. Cost $21.01 Unrealized +30.5%

TDW TIDEWATER INC NEW 1.1%

Value ($000) $1,348 Shares 25,275 Est. Cost $59.63 Unrealized -11.4%

DEO DIAGEO PLC 0.3%

Value ($000) $381 Shares 3,989 Est. Cost $140.40 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SLM	SLM CORP	58,003	$1,606	1.3%	$21.01	+30.5%	—	78442P106
TDW	TIDEWATER INC NEW	25,275	$1,348	1.1%	$59.63	-11.4%	—	88642R109
DEO	DIAGEO PLC	3,989	$381	0.3%	$140.40	—	—	25243Q205

Decreased Positions (3)

IBKR INTERACTIVE BROKERS GROUP IN 3.7%

Value ($000) $4,630 (-11.5%) Shares 72,000 (-5.3%) Est. Cost $40.12 Unrealized +66.7%

GOOG ALPHABET INC 1.4%

Value ($000) $1,797 (-13.1%) Shares 7,727 (-9.0%) Est. Cost $94.73 Unrealized +202.3%

DHT DHT HOLDINGS INC 0.9%

Value ($000) $1,103 (-5.7%) Shares 90,304 (-7.7%) Est. Cost $7.09 Unrealized +73.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IBKR	INTERACTIVE BROKERS GROUP IN	72,000 (-5.3%)	$4,630 (-11.5%)	3.7%	$40.12	+66.7%	COM CL A	45841N107
GOOG	ALPHABET INC	7,727 (-9.0%)	$1,797 (-13.1%)	1.4%	$94.73	+202.3%	CAP STK CL C	02079K107
DHT	DHT HOLDINGS INC	90,304 (-7.7%)	$1,103 (-5.7%)	0.9%	$7.09	+73.1%	SHS NEW	Y2065G121

Unchanged Positions (26)

BTI BRITISH AMERN TOB PLC 14.1%

Value ($000) $17,865 Shares 315,531 Est. Cost $38.95 Unrealized —

HCC WARRIOR MET COAL INC 2.7%

Value ($000) $3,443 Shares 39,052 Est. Cost $55.64 Unrealized +35.1%

VEA VANGUARD TAX-MANAGED FDS 11.6%

Value ($000) $14,624 Shares 234,089 Est. Cost $41.97 Unrealized —

NTB BANK OF NT BUTTERFIELD&SON L 1.7%

Value ($000) $2,107 Shares 42,292 Est. Cost $26.19 Unrealized +75.9%

CHKP CHECK POINT SOFTWARE TECH LT 1.9%

Value ($000) $2,445 Shares 13,175 Est. Cost $124.78 Unrealized +54.9%

PM PHILIP MORRIS INTL INC 13.5%

Value ($000) $17,109 Shares 106,667 Est. Cost $83.22 Unrealized +84.5%

CRESW CRESUD S A C I F Y A 0.3%

Value ($000) $389 Shares 310,967 Est. Cost $0.56 Unrealized —

VIRT VIRTU FINL INC 2.2%

Value ($000) $2,752 Shares 82,582 Est. Cost $20.11 Unrealized +70.1%

BLDR BUILDERS FIRSTSOURCE INC 0.8%

Value ($000) $998 Shares 9,701 Est. Cost $62.46 Unrealized +79.9%

EPD ENTERPRISE PRODS PARTNERS L 3.5%

Value ($000) $4,468 Shares 139,372 Est. Cost $24.76 Unrealized —

CLPT CLEARPOINT NEURO INC 0.1%

Value ($000) $160 Shares 11,729 Est. Cost $12.58 Unrealized +47.3%

BSM BLACK STONE MINERALS L P 6.1%

Value ($000) $7,718 Shares 580,716 Est. Cost $16.75 Unrealized —

VAL/WS VALARIS LTD 0.1%

Value ($000) $147 Shares 83,658 Est. Cost $10.17 Unrealized —

SPY SPDR S&P 500 ETF TR 2.9%

Value ($000) $3,704 Shares 5,432 Est. Cost $382.43 Unrealized —

BOXX EA SERIES TRUST 5.3%

Value ($000) $6,633 Shares 57,630 Est. Cost $108.54 Unrealized —

SMHI SEACOR MARINE HLDGS INC 0.7%

Value ($000) $934 Shares 155,230 Est. Cost $7.38 Unrealized -10.4%

NEN NEW ENGLAND RLTY ASSOC LTD P 0.4%

Value ($000) $557 Shares 8,636 Est. Cost $71.08 Unrealized —

EXPD EXPEDITORS INTL WASH INC 0.3%

Value ($000) $328 Shares 2,200 Est. Cost $99.06 Unrealized +36.9%

INSW INTERNATIONAL SEAWAYS INC 0.8%

Value ($000) $1,038 Shares 21,381 Est. Cost $28.15 Unrealized +73.5%

VAL VALARIS LTD 1.1%

Value ($000) $1,386 Shares 27,493 Est. Cost $43.33 Unrealized +23.9%

MRVI MARAVAI LIFESCIENCES HLDGS I 0.3%

Value ($000) $325 Shares 100,078 Est. Cost $3.15 Unrealized +6.7%

AFL AFLAC INC 0.7%

Value ($000) $827 Shares 7,500 Est. Cost $62.49 Unrealized +75.8%

BRK/A BERKSHIRE HATHAWAY INC DEL 3.6%

Value ($000) $4,529 Shares 6 Est. Cost $448761.72 Unrealized +66.3%

BRK/B BERKSHIRE HATHAWAY INC DEL 8.4%

Value ($000) $10,636 Shares 21,160 Est. Cost $296.98 Unrealized +67.5%

MXCT MAXCYTE INC 0.1%

Value ($000) $96 Shares 62,133 Est. Cost $2.97 Unrealized -46.2%

MAA MID-AMER APT CMNTYS INC 0.2%

Value ($000) $279 Shares 2,008 Est. Cost $125.55 Unrealized +5.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BTI	BRITISH AMERN TOB PLC	315,531	$17,865	14.1%	$38.95	—	SPONSORED ADR	110448107
HCC	WARRIOR MET COAL INC	39,052	$3,443	2.7%	$55.64	+35.1%	COM	93627C101
VEA	VANGUARD TAX-MANAGED FDS	234,089	$14,624	11.6%	$41.97	—	VAN FTSE DEV MKT	921943858
NTB	BANK OF NT BUTTERFIELD&SON L	42,292	$2,107	1.7%	$26.19	+75.9%	SHS NEW	G0772R208
CHKP	CHECK POINT SOFTWARE TECH LT	13,175	$2,445	1.9%	$124.78	+54.9%	ORD	M22465104
PM	PHILIP MORRIS INTL INC	106,667	$17,109	13.5%	$83.22	+84.5%	COM	718172109
CRESW	CRESUD S A C I F Y A	310,967	$389	0.3%	$0.56	—	*W EXP 03/09/202	P3311R259
VIRT	VIRTU FINL INC	82,582	$2,752	2.2%	$20.11	+70.1%	CL A	928254101
BLDR	BUILDERS FIRSTSOURCE INC	9,701	$998	0.8%	$62.46	+79.9%	COM	12008R107
EPD	ENTERPRISE PRODS PARTNERS L	139,372	$4,468	3.5%	$24.76	—	COM	293792107
CLPT	CLEARPOINT NEURO INC	11,729	$160	0.1%	$12.58	+47.3%	COM	18507C103
BSM	BLACK STONE MINERALS L P	580,716	$7,718	6.1%	$16.75	—	COM UNIT	09225M101
VAL/WS	VALARIS LTD	83,658	$147	0.1%	$10.17	—	*W EXP 04/29/202	G9460G119
SPY	SPDR S&P 500 ETF TR	5,432	$3,704	2.9%	$382.43	—	TR UNIT	78462F103
BOXX	EA SERIES TRUST	57,630	$6,633	5.3%	$108.54	—	ALPHA ARCH 1-3	02072L565
SMHI	SEACOR MARINE HLDGS INC	155,230	$934	0.7%	$7.38	-10.4%	COM	78413P101
NEN	NEW ENGLAND RLTY ASSOC LTD P	8,636	$557	0.4%	$71.08	—	DEPOSITRY RCPT	644206104
EXPD	EXPEDITORS INTL WASH INC	2,200	$328	0.3%	$99.06	+36.9%	COM	302130109
INSW	INTERNATIONAL SEAWAYS INC	21,381	$1,038	0.8%	$28.15	+73.5%	COM	Y41053102
VAL	VALARIS LTD	27,493	$1,386	1.1%	$43.33	+23.9%	CL A	G9460G101
MRVI	MARAVAI LIFESCIENCES HLDGS I	100,078	$325	0.3%	$3.15	+6.7%	COM CL A	56600D107
AFL	AFLAC INC	7,500	$827	0.7%	$62.49	+75.8%	COM	001055102
BRK/A	BERKSHIRE HATHAWAY INC DEL	6	$4,529	3.6%	$448761.72	+66.3%	CL A	084670108
BRK/B	BERKSHIRE HATHAWAY INC DEL	21,160	$10,636	8.4%	$296.98	+67.5%	CL B NEW	084670702
MXCT	MAXCYTE INC	62,133	$96	0.1%	$2.97	-46.2%	COM	57777K106
MAA	MID-AMER APT CMNTYS INC	2,008	$279	0.2%	$125.55	+5.9%	COM	59522J103