Lubar & Co., Inc Long-Term Concentrated

CIK: 0001473033 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 3, 2026

Total Value ($000): $134,247 (100.0% shares, 0.0% debt)

Holdings (3)

New Positions (1)

BRK/A Berkshire Hathaway Inc. 11.2%

Value ($000) $15,096 Shares 20 Est. Cost $746423.56 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BRK/A	Berkshire Hathaway Inc.	20	$15,096	11.2%	$746423.56	0.0%	CL A	084670108

Increased Positions (2)

HNRG Hallador Energy Company 77.3%

Value ($000) $103,806 (+2432.5%) Shares 5,452,019 (+95.5%) Est. Cost $13.69 Unrealized +48.1%

SGU Star Group L.P. 11.4%

Value ($000) $15,344 (+30.0%) Shares 1,295,985 (+3.3%) Est. Cost $9.81 Unrealized +20.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HNRG	Hallador Energy Company	5,452,019 (+95.5%)	$103,806 (+2432.5%)	77.3%	$13.69	+48.1%	COM	40609P105
SGU	Star Group L.P.	1,295,985 (+3.3%)	$15,344 (+30.0%)	11.4%	$9.81	+20.7%	UNIT	85512C105

Exited Positions (4)

FTSM MFC First TR Exchange Traded FD IV (FTSM) 5.0%

Value ($000) $6,748 Shares 112,397 Est. Cost $60.01 Unrealized —

BMO Bank of Montreal 4.5%

Value ($000) $5,985 Shares 78,718 Est. Cost $37.91 Unrealized +234.0%

— EnLink Midstream LLC 3.8%

Value ($000) $5,126 Shares 1,381,596 Est. Cost $26.19 Unrealized —

USMV iShares MSCI Low Volatility (USMV) 1.5%

Value ($000) $1,978 Shares 29,136 Est. Cost $65.60 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FTSM	MFC First TR Exchange Traded FD IV (FTSM)	112,397	$6,748	5.0%	$60.01	—	—	33739Q408
BMO	Bank of Montreal	78,718	$5,985	4.5%	$37.91	+234.0%	—	063671101
—	EnLink Midstream LLC	1,381,596	$5,126	3.8%	$26.19	—	—	29336T100
USMV	iShares MSCI Low Volatility (USMV)	29,136	$1,978	1.5%	$65.60	—	—	46429B697