Eldred Rock Partners, LLC Concentrated Active

CIK: 0001984180 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 16, 2026

Total Value ($000): $385,458 (100.0% shares, 0.0% debt)

Holdings (32)

New Positions (4)

DE DEERE & CO 3.4%

Value ($000) $13,166 Shares 28,279 Est. Cost $467.69 Unrealized 0.0%

UL UNILEVER PLC 2.5%

Value ($000) $9,558 Shares 137,405 Est. Cost $69.56 Unrealized —

POOL POOL CORP 1.6%

Value ($000) $6,184 Shares 27,035 Est. Cost $259.46 Unrealized 0.0%

MICC MAGNUM ICE CREAM CO NV 0.1%

Value ($000) $490 Shares 30,892 Est. Cost $15.68 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DE	DEERE & CO	28,279	$13,166	3.4%	$467.69	0.0%	COM	244199105
UL	UNILEVER PLC	137,405	$9,558	2.5%	$69.56	—	SPON ADR NEW	904767803
POOL	POOL CORP	27,035	$6,184	1.6%	$259.46	0.0%	COM	73278L105
MICC	MAGNUM ICE CREAM CO NV	30,892	$490	0.1%	$15.68	0.0%	ORD SHS	N5505D105

Increased Positions (4)

ACN ACCENTURE PLC IRELAND 3.6%

Value ($000) $13,886 (+60.1%) Shares 51,755 (+47.2%) Est. Cost $292.32 Unrealized -13.1%

SHEL SHELL PLC 3.1%

Value ($000) $12,128 (+44.6%) Shares 165,047 (+40.8%) Est. Cost $70.17 Unrealized —

BN BROOKFIELD CORP 5.0%

Value ($000) $19,443 (-10.6%) Shares 423,659 (+33.6%) Est. Cost $31.24 Unrealized +45.8%

PEP PEPSICO INC 3.3%

Value ($000) $12,845 (+21.2%) Shares 89,501 (+18.6%) Est. Cost $153.34 Unrealized -4.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ACN	ACCENTURE PLC IRELAND	51,755 (+47.2%)	$13,886 (+60.1%)	3.6%	$292.32	-13.1%	SHS CLASS A	G1151C101
SHEL	SHELL PLC	165,047 (+40.8%)	$12,128 (+44.6%)	3.1%	$70.17	—	SPON ADS	780259305
BN	BROOKFIELD CORP	423,659 (+33.6%)	$19,443 (-10.6%)	5.0%	$31.24	+45.8%	CL A LTD VT SH	11271J107
PEP	PEPSICO INC	89,501 (+18.6%)	$12,845 (+21.2%)	3.3%	$153.34	-4.8%	COM	713448108

Exited Positions (2)

— UNILEVER PLC 2.5%

Value ($000) $9,691 Shares 163,471 Est. Cost $59.14 Unrealized —

KMX CARMAX INC 2.4%

Value ($000) $9,332 Shares 207,986 Est. Cost $66.30 Unrealized -39.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	UNILEVER PLC	163,471	$9,691	2.5%	$59.14	—	—	904767704
KMX	CARMAX INC	207,986	$9,332	2.4%	$66.30	-39.7%	—	143130102

Decreased Positions (22)

LRCX LAM RESEARCH CORP 3.9%

Value ($000) $14,998 (-38.4%) Shares 87,617 (-51.8%) Est. Cost $78.55 Unrealized +97.8%

TSM TAIWAN SEMICONDUCTOR MFG LTD 5.1%

Value ($000) $19,511 (-23.5%) Shares 64,203 (-29.5%) Est. Cost $156.56 Unrealized —

VNT VONTIER CORPORATION 4.1%

Value ($000) $15,743 (-21.0%) Shares 423,435 (-10.9%) Est. Cost $39.90 Unrealized -4.1%

JBHT HUNT J B TRANS SVCS INC 4.0%

Value ($000) $15,262 (+29.2%) Shares 78,531 (-10.8%) Est. Cost $160.88 Unrealized +6.6%

GOOGL ALPHABET INC 5.6%

Value ($000) $21,484 (-13.7%) Shares 68,638 (-33.0%) Est. Cost $147.93 Unrealized +93.1%

CALM CAL MAINE FOODS INC 2.5%

Value ($000) $9,496 (-24.8%) Shares 119,344 (-11.1%) Est. Cost $54.54 Unrealized +58.8%

MTN VAIL RESORTS INC 2.8%

Value ($000) $10,714 (-21.0%) Shares 80,674 (-11.0%) Est. Cost $155.21 Unrealized -5.2%

PSX PHILLIPS 66 3.0%

Value ($000) $11,619 (-15.5%) Shares 90,041 (-10.9%) Est. Cost $114.85 Unrealized +16.7%

TXN TEXAS INSTRS INC 2.7%

Value ($000) $10,562 (-15.9%) Shares 60,879 (-10.9%) Est. Cost $161.62 Unrealized +5.6%

NVO NOVO-NORDISK A S 2.2%

Value ($000) $8,410 (-17.7%) Shares 165,290 (-10.2%) Est. Cost $89.69 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 3.7%

Value ($000) $14,160 (-10.9%) Shares 28,171 (-10.9%) Est. Cost $381.85 Unrealized +30.3%

DEO DIAGEO PLC 1.6%

Value ($000) $6,332 (-18.7%) Shares 73,396 (-10.1%) Est. Cost $123.87 Unrealized —

EMR EMERSON ELEC CO 3.3%

Value ($000) $12,701 (-9.8%) Shares 95,701 (-10.9%) Est. Cost $96.92 Unrealized +36.6%

CMI CUMMINS INC 4.6%

Value ($000) $17,647 (+7.6%) Shares 34,571 (-10.9%) Est. Cost $249.64 Unrealized +86.8%

MRK MERCK & CO INC 2.9%

Value ($000) $11,307 (+10.4%) Shares 107,416 (-11.1%) Est. Cost $95.98 Unrealized -2.9%

ICLR ICON PLC 2.5%

Value ($000) $9,671 (-6.4%) Shares 53,071 (-10.1%) Est. Cost $226.31 Unrealized -21.3%

NVS NOVARTIS AG 2.9%

Value ($000) $11,243 (-3.4%) Shares 81,549 (-10.1%) Est. Cost $112.21 Unrealized —

BNS BANK NOVA SCOTIA HALIFAX 4.0%

Value ($000) $15,295 (+2.4%) Shares 207,561 (-10.1%) Est. Cost $46.74 Unrealized +45.4%

COF CAPITAL ONE FINL CORP 3.7%

Value ($000) $14,085 (+1.6%) Shares 58,116 (-10.9%) Est. Cost $185.05 Unrealized +20.1%

WFC WELLS FARGO CO NEW 3.1%

Value ($000) $11,781 (-1.1%) Shares 126,402 (-11.1%) Est. Cost $59.32 Unrealized +46.0%

ABEV AMBEV SA 2.3%

Value ($000) $8,794 (-1.5%) Shares 3,560,200 (-10.1%) Est. Cost $2.36 Unrealized —

ASML ASML HOLDING N V 4.7%

Value ($000) $18,095 (-0.7%) Shares 16,913 (-10.1%) Est. Cost $810.86 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LRCX	LAM RESEARCH CORP	87,617 (-51.8%)	$14,998 (-38.4%)	3.9%	$78.55	+97.8%	COM NEW	512807306
TSM	TAIWAN SEMICONDUCTOR MFG LTD	64,203 (-29.5%)	$19,511 (-23.5%)	5.1%	$156.56	—	SPONSORED ADS	874039100
VNT	VONTIER CORPORATION	423,435 (-10.9%)	$15,743 (-21.0%)	4.1%	$39.90	-4.1%	COM	928881101
JBHT	HUNT J B TRANS SVCS INC	78,531 (-10.8%)	$15,262 (+29.2%)	4.0%	$160.88	+6.6%	COM	445658107
GOOGL	ALPHABET INC	68,638 (-33.0%)	$21,484 (-13.7%)	5.6%	$147.93	+93.1%	CAP STK CL A	02079K305
CALM	CAL MAINE FOODS INC	119,344 (-11.1%)	$9,496 (-24.8%)	2.5%	$54.54	+58.8%	COM NEW	128030202
MTN	VAIL RESORTS INC	80,674 (-11.0%)	$10,714 (-21.0%)	2.8%	$155.21	-5.2%	COM	91879Q109
PSX	PHILLIPS 66	90,041 (-10.9%)	$11,619 (-15.5%)	3.0%	$114.85	+16.7%	COM	718546104
TXN	TEXAS INSTRS INC	60,879 (-10.9%)	$10,562 (-15.9%)	2.7%	$161.62	+5.6%	COM	882508104
NVO	NOVO-NORDISK A S	165,290 (-10.2%)	$8,410 (-17.7%)	2.2%	$89.69	—	ADR	670100205
BRK/B	BERKSHIRE HATHAWAY INC DEL	28,171 (-10.9%)	$14,160 (-10.9%)	3.7%	$381.85	+30.3%	CL B NEW	084670702
DEO	DIAGEO PLC	73,396 (-10.1%)	$6,332 (-18.7%)	1.6%	$123.87	—	SPON ADR NEW	25243Q205
EMR	EMERSON ELEC CO	95,701 (-10.9%)	$12,701 (-9.8%)	3.3%	$96.92	+36.6%	COM	291011104
CMI	CUMMINS INC	34,571 (-10.9%)	$17,647 (+7.6%)	4.6%	$249.64	+86.8%	COM	231021106
MRK	MERCK & CO INC	107,416 (-11.1%)	$11,307 (+10.4%)	2.9%	$95.98	-2.9%	COM	58933Y105
ICLR	ICON PLC	53,071 (-10.1%)	$9,671 (-6.4%)	2.5%	$226.31	-21.3%	SHS	G4705A100
NVS	NOVARTIS AG	81,549 (-10.1%)	$11,243 (-3.4%)	2.9%	$112.21	—	SPONSORED ADR	66987V109
BNS	BANK NOVA SCOTIA HALIFAX	207,561 (-10.1%)	$15,295 (+2.4%)	4.0%	$46.74	+45.4%	COM	064149107
COF	CAPITAL ONE FINL CORP	58,116 (-10.9%)	$14,085 (+1.6%)	3.7%	$185.05	+20.1%	COM	14040H105
WFC	WELLS FARGO CO NEW	126,402 (-11.1%)	$11,781 (-1.1%)	3.1%	$59.32	+46.0%	COM	949746101
ABEV	AMBEV SA	3,560,200 (-10.1%)	$8,794 (-1.5%)	2.3%	$2.36	—	SPONSORED ADR	02319V103
ASML	ASML HOLDING N V	16,913 (-10.1%)	$18,095 (-0.7%)	4.7%	$810.86	—	N Y REGISTRY SHS	N07059210

Unchanged Positions (2)

IBOC INTERNATIONAL BANCSHARES COR 2.2%

Value ($000) $8,468 Shares 127,460 Est. Cost $50.58 Unrealized +32.5%

GOOG ALPHABET INC 0.1%

Value ($000) $382 Shares 1,218 Est. Cost $164.85 Unrealized +73.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IBOC	INTERNATIONAL BANCSHARES COR	127,460	$8,468	2.2%	$50.58	+32.5%	COM	459044103
GOOG	ALPHABET INC	1,218	$382	0.1%	$164.85	+73.7%	CAP STK CL C	02079K107