Ervin Investment Management, LLC Long-Term Concentrated

Location: Seattle, WA

CIK: 0001907802 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Jan 23, 2026

Total Value: $178M (100.0% shares, 0.0% debt)

Holdings (44)

BRK/B BERKSHIRE HATHAWAY INC DEL 22.8%

Value $40.64M Shares 80,860 Est. Cost $286.41 Unrealized +73.7%

MSFT MICROSOFT CORP 9.0%

Value $15.99M Shares 33,063 Est. Cost $313.41 Unrealized +59.7%

AAPL APPLE INC 7.8%

Value $13.93M Shares 51,250 Est. Cost $154.71 Unrealized +73.5%

SPTM SPDR SERIES TRUST 7.5%

Value $13.34M Shares 161,659 Est. Cost $66.15 Unrealized —

BN BROOKFIELD CORP 6.0%

Value $10.7M Shares 233,105 Est. Cost $29.69 Unrealized +53.4%

GOOGL ALPHABET INC 5.2%

Value $9.364M Shares 29,915 Est. Cost $114.23 Unrealized +150.0%

L LOEWS CORP 4.7%

Value $8.338M Shares 79,180 Est. Cost $55.96 Unrealized +84.4%

SGOL ETFS GOLD TR 3.4%

Value $6.034M Shares 146,880 Est. Cost $23.21 Unrealized —

GM GENERAL MTRS CO 3.4%

Value $6.015M Shares 73,966 Est. Cost $50.24 Unrealized +40.1%

MKL MARKEL GROUP INC 3.1%

Value $5.568M Shares 2,590 Est. Cost $1303.77 Unrealized +55.4%

JEF JEFFERIES FINL GROUP INC 3.0%

Value $5.398M Shares 87,104 Est. Cost $52.59 Unrealized +7.8%

VBR VANGUARD INDEX FDS 2.9%

Value $5.163M Shares 24,379 Est. Cost $171.47 Unrealized —

SPDW SPDR INDEX SHS FDS 2.7%

Value $4.865M Shares 109,553 Est. Cost $35.26 Unrealized —

SPEM SPDR INDEX SHS FDS 2.2%

Value $3.957M Shares 84,538 Est. Cost $39.55 Unrealized —

GOOG ALPHABET INC 1.9%

Value $3.454M Shares 11,007 Est. Cost $112.49 Unrealized +154.5%

XOM EXXON MOBIL CORP 1.6%

Value $2.801M Shares 23,276 Est. Cost $110.09 Unrealized +4.9%

ASML ASML HOLDING N V 1.5%

Value $2.743M Shares 2,564 Est. Cost $804.44 Unrealized —

SGOV ISHARES TR 1.0%

Value $1.818M Shares 18,113 Est. Cost $100.68 Unrealized —

ORCL ORACLE CORP 1.0%

Value $1.776M Shares 9,110 Est. Cost $90.58 Unrealized +162.8%

BAM BROOKFIELD ASSET MANAGMT LTD 1.0%

Value $1.731M Shares 33,037 Est. Cost $37.97 Unrealized +40.8%

YUM YUM BRANDS INC 0.9%

Value $1.626M Shares 10,747 Est. Cost $118.20 Unrealized +24.9%

AXP AMERICAN EXPRESS CO 0.8%

Value $1.464M Shares 3,956 Est. Cost $161.79 Unrealized +120.6%

IVV ISHARES TR 0.8%

Value $1.463M Shares 2,136 Est. Cost $462.30 Unrealized —

ESGV VANGUARD WORLD FD 0.8%

Value $1.436M Shares 11,871 Est. Cost $84.17 Unrealized —

GE GE AEROSPACE 0.7%

Value $1.189M Shares 3,859 Est. Cost $75.89 Unrealized +296.4%

PM PHILIP MORRIS INTL INC 0.7%

Value $1.162M Shares 7,244 Est. Cost $76.31 Unrealized +101.2%

VXUS VANGUARD STAR FDS 0.6%

Value $1.021M Shares 13,539 Est. Cost $51.72 Unrealized —

VTI VANGUARD INDEX FDS 0.3%

Value $532K Shares 1,586 Est. Cost $201.07 Unrealized —

AMZN AMAZON COM INC 0.3%

Value $489K Shares 2,120 Est. Cost $151.02 Unrealized +51.5%

SIVR ABRDN SILVER ETF TRUST 0.3%

Value $480K Shares 7,100 Est. Cost $67.64 Unrealized —

TECK TECK RESOURCES LTD 0.2%

Value $424K Shares 8,855 Est. Cost $43.15 Unrealized +0.4%

DEO DIAGEO PLC 0.2%

Value $395K Shares 4,576 Est. Cost $145.66 Unrealized —

CNX CNX RES CORP 0.2%

Value $379K Shares 10,300 Est. Cost $23.78 Unrealized +50.6%

BA BOEING CO 0.2%

Value $376K Shares 1,730 Est. Cost $184.48 Unrealized +11.5%

GEV GE VERNOVA INC 0.2%

Value $359K Shares 550 Est. Cost $415.97 Unrealized +46.4%

YUMC YUM CHINA HLDGS INC 0.2%

Value $338K Shares 7,080 Est. Cost $54.25 Unrealized -15.6%

MO ALTRIA GROUP INC 0.2%

Value $309K Shares 5,351 Est. Cost $32.79 Unrealized +81.0%

VSGX VANGUARD WORLD FD 0.1%

Value $263K Shares 3,668 Est. Cost $65.50 Unrealized —

GEHC GE HEALTHCARE TECHNOLOGIES I 0.1%

Value $259K Shares 3,162 Est. Cost $69.54 Unrealized +12.0%

SFM SPROUTS FMRS MKT INC 0.1%

Value $226K Shares 2,831 Est. Cost $72.86 Unrealized +23.1%

KO COCA COLA CO 0.1%

Value $216K Shares 3,087 Est. Cost $69.79 Unrealized -0.6%

GLD SPDR GOLD TR 0.1%

Value $215K Shares 543 Est. Cost $396.30 Unrealized —

QQQ INVESCO QQQ TR 0.1%

Value $213K Shares 346 Est. Cost $614.31 Unrealized —

AUR AURORA INNOVATION INC 0.0%

Value $38,400 Shares 10,000 Est. Cost $5.87 Unrealized -21.9%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	80,860	$40.64M	22.8%	$286.41	+73.7%	CL B NEW	084670702
MSFT	MICROSOFT CORP	33,063	$15.99M	9.0%	$313.41	+59.7%	COM	594918104
AAPL	APPLE INC	51,250	$13.93M	7.8%	$154.71	+73.5%	COM	037833100
SPTM	SPDR SERIES TRUST	161,659	$13.34M	7.5%	$66.15	—	STATE STREET SPD	78464A805
BN	BROOKFIELD CORP	233,105	$10.7M	6.0%	$29.69	+53.4%	CL A LTD VT SH	11271J107
GOOGL	ALPHABET INC	29,915	$9.364M	5.2%	$114.23	+150.0%	CAP STK CL A	02079K305
L	LOEWS CORP	79,180	$8.338M	4.7%	$55.96	+84.4%	COM	540424108
SGOL	ETFS GOLD TR	146,880	$6.034M	3.4%	$23.21	—	PHYSCL GOLD SHS	00326A104
GM	GENERAL MTRS CO	73,966	$6.015M	3.4%	$50.24	+40.1%	COM	37045V100
MKL	MARKEL GROUP INC	2,590	$5.568M	3.1%	$1303.77	+55.4%	COM	570535104
JEF	JEFFERIES FINL GROUP INC	87,104	$5.398M	3.0%	$52.59	+7.8%	COM	47233W109
VBR	VANGUARD INDEX FDS	24,379	$5.163M	2.9%	$171.47	—	SM CP VAL ETF	922908611
SPDW	SPDR INDEX SHS FDS	109,553	$4.865M	2.7%	$35.26	—	PORTFOLIO DEVLPD	78463X889
SPEM	SPDR INDEX SHS FDS	84,538	$3.957M	2.2%	$39.55	—	PORTFOLIO EMG MK	78463X509
GOOG	ALPHABET INC	11,007	$3.454M	1.9%	$112.49	+154.5%	CAP STK CL C	02079K107
XOM	EXXON MOBIL CORP	23,276	$2.801M	1.6%	$110.09	+4.9%	COM	30231G102
ASML	ASML HOLDING N V	2,564	$2.743M	1.5%	$804.44	—	N Y REGISTRY SHS	N07059210
SGOV	ISHARES TR	18,113	$1.818M	1.0%	$100.68	—	0-3 MNTH TREASRY	46436E718
ORCL	ORACLE CORP	9,110	$1.776M	1.0%	$90.58	+162.8%	COM	68389X105
BAM	BROOKFIELD ASSET MANAGMT LTD	33,037	$1.731M	1.0%	$37.97	+40.8%	CL A LMT VTG SHS	113004105
YUM	YUM BRANDS INC	10,747	$1.626M	0.9%	$118.20	+24.9%	COM	988498101
AXP	AMERICAN EXPRESS CO	3,956	$1.464M	0.8%	$161.79	+120.6%	COM	025816109
IVV	ISHARES TR	2,136	$1.463M	0.8%	$462.30	—	CORE S&P500 ETF	464287200
ESGV	VANGUARD WORLD FD	11,871	$1.436M	0.8%	$84.17	—	ESG US STK ETF	921910733
GE	GE AEROSPACE	3,859	$1.189M	0.7%	$75.89	+296.4%	COM NEW	369604301
PM	PHILIP MORRIS INTL INC	7,244	$1.162M	0.7%	$76.31	+101.2%	COM	718172109
VXUS	VANGUARD STAR FDS	13,539	$1.021M	0.6%	$51.72	—	VG TL INTL STK F	921909768
VTI	VANGUARD INDEX FDS	1,586	$532K	0.3%	$201.07	—	TOTAL STK MKT	922908769
AMZN	AMAZON COM INC	2,120	$489K	0.3%	$151.02	+51.5%	COM	023135106
SIVR	ABRDN SILVER ETF TRUST	7,100	$480K	0.3%	$67.64	—	PHYSCL SILVR SHS	003264108
TECK	TECK RESOURCES LTD	8,855	$424K	0.2%	$43.15	+0.4%	CL B	878742204
DEO	DIAGEO PLC	4,576	$395K	0.2%	$145.66	—	SPON ADR NEW	25243Q205
CNX	CNX RES CORP	10,300	$379K	0.2%	$23.78	+50.6%	COM	12653C108
BA	BOEING CO	1,730	$376K	0.2%	$184.48	+11.5%	COM	097023105
GEV	GE VERNOVA INC	550	$359K	0.2%	$415.97	+46.4%	COM	36828A101
YUMC	YUM CHINA HLDGS INC	7,080	$338K	0.2%	$54.25	-15.6%	COM	98850P109
MO	ALTRIA GROUP INC	5,351	$309K	0.2%	$32.79	+81.0%	COM	02209S103
VSGX	VANGUARD WORLD FD	3,668	$263K	0.1%	$65.50	—	ESG INTL STK ETF	921910725
GEHC	GE HEALTHCARE TECHNOLOGIES I	3,162	$259K	0.1%	$69.54	+12.0%	COMMON STOCK	36266G107
SFM	SPROUTS FMRS MKT INC	2,831	$226K	0.1%	$72.86	+23.1%	COM	85208M102
KO	COCA COLA CO	3,087	$216K	0.1%	$69.79	-0.6%	COM	191216100
GLD	SPDR GOLD TR	543	$215K	0.1%	$396.30	—	GOLD SHS	78463V107
QQQ	INVESCO QQQ TR	346	$213K	0.1%	$614.31	—	UNIT SER 1	46090E103
AUR	AURORA INNOVATION INC	10,000	$38,400	0.0%	$5.87	-21.9%	CLASS A COM	051774107