BISLETT MANAGEMENT, LLC Long-Term Concentrated

CIK: 0001425041 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $131,840 (100.0% shares, 0.0% debt)

Holdings (17)

New Positions (3)

GLIBK GCI LIBERTY INC 3.9%

Value ($000) $5,136 Shares 138,033 Est. Cost $35.09 Unrealized 0.0%

LLYVK LIBERTY LIVE HOLDINGS INC 2.2%

Value ($000) $2,911 Shares 35,000 Est. Cost $85.87 Unrealized 0.0%

LLYVA LIBERTY LIVE HOLDINGS INC 2.2%

Value ($000) $2,853 Shares 35,000 Est. Cost $83.24 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLIBK	GCI LIBERTY INC	138,033	$5,136	3.9%	$35.09	0.0%	COM SER C	36164V800
LLYVK	LIBERTY LIVE HOLDINGS INC	35,000	$2,911	2.2%	$85.87	0.0%	COM SHS SER C	530909308
LLYVA	LIBERTY LIVE HOLDINGS INC	35,000	$2,853	2.2%	$83.24	0.0%	COM SER A	530909100

Increased Positions (1)

GLIBA GCI LIBERTY INC 2.1%

Value ($000) $2,765 (+84.1%) Shares 75,000 (+87.5%) Est. Cost $35.32 Unrealized -0.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GLIBA	GCI LIBERTY INC	75,000 (+87.5%)	$2,765 (+84.1%)	2.1%	$35.32	-0.6%	COM SER A	36164V602

Exited Positions (2)

— LIBERTY MEDIA CORP DEL 2.9%

Value ($000) $3,879 Shares 40,000 Est. Cost $32.10 Unrealized —

— LIBERTY MEDIA CORP DEL 2.9%

Value ($000) $3,772 Shares 40,000 Est. Cost $31.92 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	LIBERTY MEDIA CORP DEL	40,000	$3,879	2.9%	$32.10	—	—	531229722
—	LIBERTY MEDIA CORP DEL	40,000	$3,772	2.9%	$31.92	—	—	531229748

Decreased Positions (3)

SIRI SIRIUSXM HOLDINGS INC 9.1%

Value ($000) $11,997 (-30.7%) Shares 600,000 (-19.3%) Est. Cost $31.06 Unrealized -30.8%

CMCSA COMCAST CORP 3.6%

Value ($000) $4,782 (-39.1%) Shares 160,000 (-36.0%) Est. Cost $36.36 Unrealized -21.5%

FWONA LIBERTY MEDIA CORP DEL 4.7%

Value ($000) $6,257 (-17.9%) Shares 70,000 (-12.5%) Est. Cost $56.54 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SIRI	SIRIUSXM HOLDINGS INC	600,000 (-19.3%)	$11,997 (-30.7%)	9.1%	$31.06	-30.8%	COMMON STOCK	829933100
CMCSA	COMCAST CORP	160,000 (-36.0%)	$4,782 (-39.1%)	3.6%	$36.36	-21.5%	CL A	20030N101
FWONA	LIBERTY MEDIA CORP DEL	70,000 (-12.5%)	$6,257 (-17.9%)	4.7%	$56.54	—	COM LBTY ONE S A	531229771

Unchanged Positions (10)

GOOG ALPHABET INC 11.9%

Value ($000) $15,690 Shares 50,000 Est. Cost $107.97 Unrealized +165.2%

LBRDA LIBERTY BROADBAND CORP 6.0%

Value ($000) $7,966 Shares 165,000 Est. Cost $62.78 Unrealized -17.5%

WSC WILLSCOT HOLDINGS CORP 14.4%

Value ($000) $18,924 Shares 1,005,000 Est. Cost $18.16 Unrealized +11.1%

KO COCA-COLA CO 5.3%

Value ($000) $6,991 Shares 100,000 Est. Cost $27.85 Unrealized +149.1%

AMRZ AMRIZE LTD 2.5%

Value ($000) $3,245 Shares 60,000 Est. Cost $50.54 Unrealized +1.0%

BATRA ATLANTA BRAVES HLDGS INC 2.4%

Value ($000) $3,187 Shares 75,000 Est. Cost $42.37 Unrealized +1.4%

BATRK ATLANTA BRAVES HLDGS INC 3.1%

Value ($000) $4,076 Shares 103,330 Est. Cost $37.85 Unrealized +4.4%

MLM MARTIN MARIETTA MATERIALS INC 2.4%

Value ($000) $3,113 Shares 5,000 Est. Cost $505.20 Unrealized +23.0%

BRK/A BERKSHIRE HATHAWAY INC 20.0%

Value ($000) $26,418 Shares 35 Est. Cost $165023.42 Unrealized +352.3%

BRK/B BERKSHIRE HATHAWAY INC 4.2%

Value ($000) $5,529 Shares 11,000 Est. Cost $110.02 Unrealized +352.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	50,000	$15,690	11.9%	$107.97	+165.2%	CAP STK CL C	02079K107
LBRDA	LIBERTY BROADBAND CORP	165,000	$7,966	6.0%	$62.78	-17.5%	COM SER A	530307107
WSC	WILLSCOT HOLDINGS CORP	1,005,000	$18,924	14.4%	$18.16	+11.1%	COM CL A	971378104
KO	COCA-COLA CO	100,000	$6,991	5.3%	$27.85	+149.1%	COM	191216100
AMRZ	AMRIZE LTD	60,000	$3,245	2.5%	$50.54	+1.0%	SHS	H2927K103
BATRA	ATLANTA BRAVES HLDGS INC	75,000	$3,187	2.4%	$42.37	+1.4%	COM SER A	047726104
BATRK	ATLANTA BRAVES HLDGS INC	103,330	$4,076	3.1%	$37.85	+4.4%	COM SER C	047726302
MLM	MARTIN MARIETTA MATERIALS INC	5,000	$3,113	2.4%	$505.20	+23.0%	COM	573284106
BRK/A	BERKSHIRE HATHAWAY INC	35	$26,418	20.0%	$165023.42	+352.3%	CL A	084670108
BRK/B	BERKSHIRE HATHAWAY INC	11,000	$5,529	4.2%	$110.02	+352.2%	CL B NEW	084670702