Matthew 25 Management Corp Long-Term Concentrated

CIK: 0001351431 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 3, 2026

Total Value ($000): $327,002 (100.0% shares, 0.0% debt)

Holdings (21)

New Positions (4)

CRCL Circle Internet Group, Inc. 1.8%

Value ($000) $5,948 Shares 75,000 Est. Cost $103.35 Unrealized 0.0%

SOLS Solstice Advanced Materials Inc. 1.5%

Value ($000) $4,907 Shares 101,000 Est. Cost $47.08 Unrealized 0.0%

NUE Nucor Corp 1.2%

Value ($000) $4,078 Shares 25,000 Est. Cost $149.77 Unrealized 0.0%

FNMA Federal National Mortgage Association 0.0%

Value ($000) $86 Shares 8,000 Est. Cost $10.93 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CRCL	Circle Internet Group, Inc.	75,000	$5,948	1.8%	$103.35	0.0%	COM	172573107
SOLS	Solstice Advanced Materials Inc.	101,000	$4,907	1.5%	$47.08	0.0%	COM	83443Q103
NUE	Nucor Corp	25,000	$4,078	1.2%	$149.77	0.0%	COM	670346105
FNMA	Federal National Mortgage Association	8,000	$86	0.0%	$10.93	0.0%	COM	313586109

Increased Positions (4)

LLY Eli Lilly & Co 8.4%

Value ($000) $27,404 (+131.7%) Shares 25,500 (+64.5%) Est. Cost $834.75 Unrealized +14.5%

TSM Taiwan Semiconductor Manufacturing Co Ltd 9.2%

Value ($000) $30,085 (+57.3%) Shares 99,000 (+44.5%) Est. Cost $241.05 Unrealized —

PK Park Hotels & Resorts Inc. 2.4%

Value ($000) $8,002 (+52.0%) Shares 765,000 (+61.1%) Est. Cost $11.47 Unrealized —

KKR KKR & Co. LP 4.0%

Value ($000) $12,939 (+1.6%) Shares 101,500 (+3.6%) Est. Cost $27.91 Unrealized +345.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LLY	Eli Lilly & Co	25,500 (+64.5%)	$27,404 (+131.7%)	8.4%	$834.75	+14.5%	COM	532457108
TSM	Taiwan Semiconductor Manufacturing Co Ltd	99,000 (+44.5%)	$30,085 (+57.3%)	9.2%	$241.05	—	ADS	874039100
PK	Park Hotels & Resorts Inc.	765,000 (+61.1%)	$8,002 (+52.0%)	2.4%	$11.47	—	COM	700517105
KKR	KKR & Co. LP	101,500 (+3.6%)	$12,939 (+1.6%)	4.0%	$27.91	+345.3%	CLA	48251W104

Exited Positions (2)

FLUT Flutter Entertainment PLC 4.7%

Value ($000) $15,494 Shares 61,000 Est. Cost $258.86 Unrealized -13.1%

HII Huntington Ingalls Industries, Inc. 0.6%

Value ($000) $1,943 Shares 6,750 Est. Cost $231.84 Unrealized +33.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FLUT	Flutter Entertainment PLC	61,000	$15,494	4.7%	$258.86	-13.1%	—	G3643J108
HII	Huntington Ingalls Industries, Inc.	6,750	$1,943	0.6%	$231.84	+33.5%	—	446413106

Decreased Positions (11)

MELI Mercadolibre Inc 4.7%

Value ($000) $15,359 (-49.4%) Shares 7,625 (-41.3%) Est. Cost $1719.43 Unrealized +22.2%

AMZN Amazon 8.6%

Value ($000) $28,275 (-10.4%) Shares 122,500 (-14.8%) Est. Cost $130.24 Unrealized +75.7%

NVDA Nvidia Corp. 24.2%

Value ($000) $79,263 (-3.0%) Shares 425,000 (-3.0%) Est. Cost $101.67 Unrealized +83.1%

BRK/A Berkshire Hathaway Inc. Class A 3.5%

Value ($000) $11,322 (-11.7%) Shares 15 (-11.8%) Est. Cost $170552.90 Unrealized +337.6%

TILE Interface, Inc. 1.5%

Value ($000) $5,026 (-22.8%) Shares 180,000 (-20.0%) Est. Cost $10.01 Unrealized +172.5%

TSLA Tesla, Inc. 4.6%

Value ($000) $15,066 (-7.7%) Shares 33,500 (-8.7%) Est. Cost $211.49 Unrealized +109.6%

JPM JP Morgan Chase & Co 4.6%

Value ($000) $14,983 (-5.0%) Shares 46,500 (-7.0%) Est. Cost $39.16 Unrealized +690.5%

FDX FedEx Corporation 1.8%

Value ($000) $5,777 (+11.4%) Shares 20,000 (-9.1%) Est. Cost $106.38 Unrealized +145.9%

GS Goldman Sachs Group, Inc. 4.7%

Value ($000) $15,383 (-3.4%) Shares 17,500 (-12.5%) Est. Cost $127.08 Unrealized +540.0%

EWBC East West Bancorp, Inc. 3.4%

Value ($000) $11,239 (-1.8%) Shares 100,000 (-7.0%) Est. Cost $36.14 Unrealized +191.0%

AAPL Apple, Inc. 4.8%

Value ($000) $15,632 (-0.2%) Shares 57,500 (-6.5%) Est. Cost $72.97 Unrealized +267.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MELI	Mercadolibre Inc	7,625 (-41.3%)	$15,359 (-49.4%)	4.7%	$1719.43	+22.2%	COM	58733R102
AMZN	Amazon	122,500 (-14.8%)	$28,275 (-10.4%)	8.6%	$130.24	+75.7%	COM	023135106
NVDA	Nvidia Corp.	425,000 (-3.0%)	$79,263 (-3.0%)	24.2%	$101.67	+83.1%	COM	67066G104
BRK/A	Berkshire Hathaway Inc. Class A	15 (-11.8%)	$11,322 (-11.7%)	3.5%	$170552.90	+337.6%	CLA	084670108
TILE	Interface, Inc.	180,000 (-20.0%)	$5,026 (-22.8%)	1.5%	$10.01	+172.5%	COM	458665304
TSLA	Tesla, Inc.	33,500 (-8.7%)	$15,066 (-7.7%)	4.6%	$211.49	+109.6%	COM	88160R101
JPM	JP Morgan Chase & Co	46,500 (-7.0%)	$14,983 (-5.0%)	4.6%	$39.16	+690.5%	COM	46625H100
FDX	FedEx Corporation	20,000 (-9.1%)	$5,777 (+11.4%)	1.8%	$106.38	+145.9%	COM	31428X106
GS	Goldman Sachs Group, Inc.	17,500 (-12.5%)	$15,383 (-3.4%)	4.7%	$127.08	+540.0%	COM	38141G104
EWBC	East West Bancorp, Inc.	100,000 (-7.0%)	$11,239 (-1.8%)	3.4%	$36.14	+191.0%	COM	27579R104
AAPL	Apple, Inc.	57,500 (-6.5%)	$15,632 (-0.2%)	4.8%	$72.97	+267.8%	COM	037833100

Unchanged Positions (2)

AGM/A Federal Agric Mtg Corp 4.1%

Value ($000) $13,245 Shares 98,477 Est. Cost $74.57 Unrealized +69.9%

AGM Federal Agric Mtg Corp 0.9%

Value ($000) $2,985 Shares 17,000 Est. Cost $62.31 Unrealized +168.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AGM/A	Federal Agric Mtg Corp	98,477	$13,245	4.1%	$74.57	+69.9%	CLA	313148108
AGM	Federal Agric Mtg Corp	17,000	$2,985	0.9%	$62.31	+168.1%	CLC	313148306