INKWELL CAPITAL LLC Long-Term Concentrated

CIK: 0002050138 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 2, 2026

Total Value ($000): $98,441 (100.0% shares, 0.0% debt)

Holdings (29)

Decreased Positions (16)

GOOGL ALPHABET INC CAP STK CL A 8.8%

Value ($000) $8,657 (+24.3%) Shares 27,658 (-3.5%) Est. Cost $174.14 Unrealized +64.0%

DG DOLLAR GEN CORP NEW COM 5.4%

Value ($000) $5,277 (+27.1%) Shares 39,744 (-1.0%) Est. Cost $75.23 Unrealized +48.2%

NKE NIKE INC CL B 2.5%

Value ($000) $2,424 (-29.2%) Shares 38,047 (-22.5%) Est. Cost $71.59 Unrealized -9.3%

HSY HERSHEY CO COM 2.8%

Value ($000) $2,731 (-21.8%) Shares 15,009 (-19.6%) Est. Cost $169.34 Unrealized +7.5%

OXY OCCIDENTAL PETE CORP COM 2.3%

Value ($000) $2,283 (-17.3%) Shares 55,525 (-5.0%) Est. Cost $47.66 Unrealized -12.8%

AXP AMERICAN EXPRESS CO COM 2.4%

Value ($000) $2,405 (+9.7%) Shares 6,501 (-1.5%) Est. Cost $283.58 Unrealized +25.9%

MCO MOODYS CORP COM 3.5%

Value ($000) $3,403 (+5.9%) Shares 6,661 (-1.3%) Est. Cost $473.16 Unrealized +3.0%

NSC NORFOLK SOUTHN CORP COM 3.5%

Value ($000) $3,431 (-4.9%) Shares 11,884 (-1.1%) Est. Cost $248.46 Unrealized +16.2%

XOM EXXON MOBIL CORP COM 3.5%

Value ($000) $3,441 (+5.4%) Shares 28,598 (-1.2%) Est. Cost $112.36 Unrealized +2.8%

AMZN AMAZON COM INC COM 4.5%

Value ($000) $4,391 (+3.7%) Shares 19,022 (-1.4%) Est. Cost $204.58 Unrealized +11.8%

QSR RESTAURANT BRANDS INTL INC COM 3.4%

Value ($000) $3,365 (+4.8%) Shares 49,315 (-1.4%) Est. Cost $69.37 Unrealized -0.7%

SBUX STARBUCKS CORP COM 3.1%

Value ($000) $3,043 (-4.8%) Shares 36,133 (-4.4%) Est. Cost $94.07 Unrealized -10.6%

MSFT MICROSOFT CORP COM 1.2%

Value ($000) $1,205 (-7.7%) Shares 2,493 (-1.1%) Est. Cost $422.35 Unrealized +18.5%

BRK/B BERKSHIRE HATHAWAY INC DEL CL B NEW 7.2%

Value ($000) $7,092 (-1.1%) Shares 14,109 (-1.0%) Est. Cost $461.73 Unrealized +7.8%

DIS DISNEY WALT CO COM 4.1%

Value ($000) $3,996 (-1.8%) Shares 35,123 (-1.1%) Est. Cost $103.58 Unrealized +5.7%

MA MASTERCARD INCORPORATED CL A 4.4%

Value ($000) $4,356 (-1.1%) Shares 7,631 (-1.5%) Est. Cost $514.68 Unrealized +8.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOGL	ALPHABET INC CAP STK CL A	27,658 (-3.5%)	$8,657 (+24.3%)	8.8%	$174.14	+64.0%	COM	02079K305
DG	DOLLAR GEN CORP NEW COM	39,744 (-1.0%)	$5,277 (+27.1%)	5.4%	$75.23	+48.2%	COM	256677105
NKE	NIKE INC CL B	38,047 (-22.5%)	$2,424 (-29.2%)	2.5%	$71.59	-9.3%	COM	654106103
HSY	HERSHEY CO COM	15,009 (-19.6%)	$2,731 (-21.8%)	2.8%	$169.34	+7.5%	COM	427866108
OXY	OCCIDENTAL PETE CORP COM	55,525 (-5.0%)	$2,283 (-17.3%)	2.3%	$47.66	-12.8%	COM	674599105
AXP	AMERICAN EXPRESS CO COM	6,501 (-1.5%)	$2,405 (+9.7%)	2.4%	$283.58	+25.9%	COM	025816109
MCO	MOODYS CORP COM	6,661 (-1.3%)	$3,403 (+5.9%)	3.5%	$473.16	+3.0%	COM	615369105
NSC	NORFOLK SOUTHN CORP COM	11,884 (-1.1%)	$3,431 (-4.9%)	3.5%	$248.46	+16.2%	COM	655844108
XOM	EXXON MOBIL CORP COM	28,598 (-1.2%)	$3,441 (+5.4%)	3.5%	$112.36	+2.8%	COM	30231G102
AMZN	AMAZON COM INC COM	19,022 (-1.4%)	$4,391 (+3.7%)	4.5%	$204.58	+11.8%	COM	023135106
QSR	RESTAURANT BRANDS INTL INC COM	49,315 (-1.4%)	$3,365 (+4.8%)	3.4%	$69.37	-0.7%	COM	76131D103
SBUX	STARBUCKS CORP COM	36,133 (-4.4%)	$3,043 (-4.8%)	3.1%	$94.07	-10.6%	COM	855244109
MSFT	MICROSOFT CORP COM	2,493 (-1.1%)	$1,205 (-7.7%)	1.2%	$422.35	+18.5%	COM	594918104
BRK/B	BERKSHIRE HATHAWAY INC DEL CL B NEW	14,109 (-1.0%)	$7,092 (-1.1%)	7.2%	$461.73	+7.8%	COM	084670702
DIS	DISNEY WALT CO COM	35,123 (-1.1%)	$3,996 (-1.8%)	4.1%	$103.58	+5.7%	COM	254687106
MA	MASTERCARD INCORPORATED CL A	7,631 (-1.5%)	$4,356 (-1.1%)	4.4%	$514.68	+8.6%	COM	57636Q104

Unchanged Positions (13)

MKL MARKEL GROUP INC COM 5.7%

Value ($000) $5,598 Shares 2,604 Est. Cost $1659.34 Unrealized +22.1%

BLDR BUILDERS FIRSTSOURCE INC COM 2.4%

Value ($000) $2,340 Shares 22,740 Est. Cost $142.45 Unrealized -21.1%

KMX CARMAX INC COM 2.5%

Value ($000) $2,476 Shares 64,085 Est. Cost $73.67 Unrealized -45.7%

META META PLATFORMS INC CL A 3.0%

Value ($000) $2,992 Shares 4,533 Est. Cost $584.74 Unrealized +14.1%

UHAL/B U HAUL HOLDING COMPANY COM SER N 2.3%

Value ($000) $2,313 Shares 49,488 Est. Cost $62.20 Unrealized -21.7%

AAPL APPLE INC COM 3.7%

Value ($000) $3,684 Shares 13,550 Est. Cost $234.51 Unrealized +14.4%

SCHW SCHWAB CHARLES CORP COM 3.7%

Value ($000) $3,690 Shares 36,930 Est. Cost $73.82 Unrealized +28.3%

UNH UNITEDHEALTH GROUP INC COM 2.3%

Value ($000) $2,261 Shares 6,850 Est. Cost $453.91 Unrealized -25.7%

ELV ELEVANCE HEALTH INC COM 1.2%

Value ($000) $1,145 Shares 3,265 Est. Cost $408.66 Unrealized -17.6%

RSP INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT 5.9%

Value ($000) $5,762 Shares 30,080 Est. Cost $175.23 Unrealized —

VXUS VANGUARD STAR FDS VG TL INTL STK F 2.3%

Value ($000) $2,216 Shares 29,370 Est. Cost $73.46 Unrealized —

IEFA ISHARES TR CORE MSCI EAFE 2.3%

Value ($000) $2,228 Shares 24,910 Est. Cost $87.31 Unrealized —

— WELLS FARGO CO NEW PERP PFD CNV A 0.2%

Value ($000) $236 Shares 195 Est. Cost $1202.52 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MKL	MARKEL GROUP INC COM	2,604	$5,598	5.7%	$1659.34	+22.1%	COM	570535104
BLDR	BUILDERS FIRSTSOURCE INC COM	22,740	$2,340	2.4%	$142.45	-21.1%	COM	12008R107
KMX	CARMAX INC COM	64,085	$2,476	2.5%	$73.67	-45.7%	COM	143130102
META	META PLATFORMS INC CL A	4,533	$2,992	3.0%	$584.74	+14.1%	COM	30303M102
UHAL/B	U HAUL HOLDING COMPANY COM SER N	49,488	$2,313	2.3%	$62.20	-21.7%	COM	023586506
AAPL	APPLE INC COM	13,550	$3,684	3.7%	$234.51	+14.4%	COM	037833100
SCHW	SCHWAB CHARLES CORP COM	36,930	$3,690	3.7%	$73.82	+28.3%	COM	808513105
UNH	UNITEDHEALTH GROUP INC COM	6,850	$2,261	2.3%	$453.91	-25.7%	COM	91324P102
ELV	ELEVANCE HEALTH INC COM	3,265	$1,145	1.2%	$408.66	-17.6%	COM	036752103
RSP	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT	30,080	$5,762	5.9%	$175.23	—	ETF	46137V357
VXUS	VANGUARD STAR FDS VG TL INTL STK F	29,370	$2,216	2.3%	$73.46	—	ETF	921909768
IEFA	ISHARES TR CORE MSCI EAFE	24,910	$2,228	2.3%	$87.31	—	ETF	46432F842
—	WELLS FARGO CO NEW PERP PFD CNV A	195	$236	0.2%	$1202.52	—	PFD	949746804