# EDGAR Filing Document

**Accession Number:** 0001638022
**File Stem:** 0001420506-23-000346
**Filing Date:** 2023-2
**Character Count:** 15805
**Document Hash:** 02c4f5442033fc4f9d9997795dae216f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-23-000346.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001420506-23-000346

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**EFFECTIVENESS DATE**: 20230210

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elgethun Capital Management
- **CENTRAL INDEX KEY:** 0001638022
- **IRS NUMBER:** 462136660
- **STATE OF INCORPORATION:** SD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17656
- **FILM NUMBER:** 23610028

**BUSINESS ADDRESS:**
- **STREET 1:** 231 S PHILLIPS AVE
- **STREET 2:** SUITE 201
- **CITY:** SIOUX FALLS
- **STATE:** SD
- **ZIP:** 57104
- **BUSINESS PHONE:** 605-367-3336

**MAIL ADDRESS:**
- **STREET 1:** 231 S PHILLIPS AVE
- **STREET 2:** SUITE 201
- **CITY:** SIOUX FALLS
- **STATE:** SD
- **ZIP:** 57104

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Elgethun Capital Management<br>**Address:** 231 S PHILLIPS AVE<br>SUITE 201<br>SIOUX FALLS, SD 57104

**Form 13F File Number:** 028-17656

**CRD Number (if applicable):** 000127616

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** John Allen Barker<br>**Title:** President<br>**Phone:** 605-367-3336

**Signature, Place, and Date of Signing:**

John Allen Barker President  SIOUX FALLS, SD  02-10-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 125

**Form 13F Information Table Value Total:** $276582001

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 37226509 | 120479 | SH |  | SOLE |  | 120479 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 15602204 | 330786 | SH |  | SOLE |  | 330786 | 0 | 0 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 12545912 | 271451 | SH |  | SOLE |  | 271451 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 10739982 | 241494 | SH |  | SOLE |  | 241494 | 0 | 0 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 8951193 | 108437 | SH |  | SOLE |  | 108437 | 0 | 0 |
| PATHWARD FINANCIAL INC | COM | 59100U108 |  | 7264522 | 167075 | SH |  | SOLE |  | 167075 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM SER A FRMLA | 531229870 |  | 7108312 | 133064 | SH |  | SOLE |  | 133064 | 0 | 0 |
| SCHWAB STRATEGIC TR | SCHWB FDT EMK LG | 808524730 |  | 6248871 | 250486 | SH |  | SOLE |  | 250486 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 5707373 | 23958 | SH |  | SOLE |  | 23958 | 0 | 0 |
| BOSTON OMAHA CORP | CL A COM STK | 101044105 |  | 5695757 | 220080 | SH |  | SOLE |  | 220080 | 0 | 0 |
| CRIMSON WINE GROUP | COM | 22662X100 |  | 5636527 | 1022611 | SH |  | SOLE |  | 1022611 | 0 | 0 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 5610019 | 149625 | SH |  | SOLE |  | 149625 | 0 | 0 |
| LIBERTY GLOBAL PLC | SHS CL C | G5480U120 |  | 5470958 | 271768 | SH |  | SOLE |  | 271768 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 5446737 | 30742 | SH |  | SOLE |  | 30742 | 0 | 0 |
| NVR INC | COM | 62944T105 |  | 5442473 | 1196 | SH |  | SOLE |  | 1196 | 0 | 0 |
| VANGUARD WORLD FDS | ENERGY ETF | 92204A306 |  | 5201000 | 44087 | SH |  | SOLE |  | 44087 | 0 | 0 |
| BANCORP INC DEL | COM | 05969A105 |  | 5143999 | 177470 | SH |  | SOLE |  | 177470 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 4661610 | 46342 | SH |  | SOLE |  | 46342 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM C BRAVES GRP | 531229888 |  | 4262594 | 131977 | SH |  | SOLE |  | 131977 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 4003409 | 7755 | SH |  | SOLE |  | 7755 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 3969839 | 94744 | SH |  | SOLE |  | 94744 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 |  | 3930923 | 42584 | SH |  | SOLE |  | 42584 | 0 | 0 |
| FOX CORP | CL B COM | 35137L204 |  | 3865127 | 136465 | SH |  | SOLE |  | 136465 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 3834493 | 144025 | SH |  | SOLE |  | 144025 | 0 | 0 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 3670573 | 113354 | SH |  | SOLE |  | 113354 | 0 | 0 |
| ANHEUSER BUSCH INBEV SA/NV | SPONSORED ADR | 03524A108 |  | 3540412 | 59140 | SH |  | SOLE |  | 59140 | 0 | 0 |
| KROGER CO | COM | 501044101 |  | 3533732 | 79563 | SH |  | SOLE |  | 79563 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 3533256 | 104603 | SH |  | SOLE |  | 104603 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 3470556 | 57467 | SH |  | SOLE |  | 57467 | 0 | 0 |
| BANK NEW YORK MELLON CORP | COM | 064058100 |  | 3366703 | 72458 | SH |  | SOLE |  | 72458 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 3324732 | 9166 | SH |  | SOLE |  | 9166 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 3296777 | 24321 | SH |  | SOLE |  | 24321 | 0 | 0 |
| STELLANTIS N.V | SHS | N82405106 |  | 3144968 | 215617 | SH |  | SOLE |  | 215617 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM C SIRIUSXM | 531229607 |  | 2729378 | 69991 | SH |  | SOLE |  | 69991 | 0 | 0 |
| JEFFERIES FINL GROUP INC | COM | 47233W109 |  | 2625869 | 77185 | SH |  | SOLE |  | 77185 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 2558423 | 17340 | SH |  | SOLE |  | 17340 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 2434780 | 52665 | SH |  | SOLE |  | 52665 | 0 | 0 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 2393803 | 35710 | SH |  | SOLE |  | 35710 | 0 | 0 |
| BRIDGEWATER BANCSHARES INC | COM ACCD INV | 108621103 |  | 2337448 | 133150 | SH |  | SOLE |  | 133150 | 0 | 0 |
| DREAM FINDERS HOMES INC | COM CL A | 26154D100 |  | 2121759 | 232309 | SH |  | SOLE |  | 232309 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 1984371 | 81960 | SH |  | SOLE |  | 81960 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 1830937 | 40878 | SH |  | SOLE |  | 40878 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 1663097 | 173110 | SH |  | SOLE |  | 173110 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1587480 | 12677 | SH |  | SOLE |  | 12677 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 1460114 | 22205 | SH |  | SOLE |  | 22205 | 0 | 0 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 1427918 | 9025 | SH |  | SOLE |  | 9025 | 0 | 0 |
| OPPFI INC | COM CL A | 68386H103 |  | 1402772 | 697493 | SH |  | SOLE |  | 697493 | 0 | 0 |
| AMAZON COM INC | COM | 023135106 |  | 1354141 | 15963 | SH |  | SOLE |  | 15963 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1285511 | 32585 | SH |  | SOLE |  | 32585 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 1224272 | 16896 | SH |  | SOLE |  | 16896 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 1202779 | 6783 | SH |  | SOLE |  | 6783 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1116547 | 6892 | SH |  | SOLE |  | 6892 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1024049 | 4934 | SH |  | SOLE |  | 4934 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 1009336 | 3214 | SH |  | SOLE |  | 3214 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 976058 | 2547 | SH |  | SOLE |  | 2547 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 932132 | 3577 | SH |  | SOLE |  | 3577 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 900472 | 7452 | SH |  | SOLE |  | 7452 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 863653 | 6045 | SH |  | SOLE |  | 6045 | 0 | 0 |
| GREIF INC | CL B | 397624206 |  | 862852 | 11002 | SH |  | SOLE |  | 11002 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 841315 | 4776 | SH |  | SOLE |  | 4776 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 749759 | 8380 | SH |  | SOLE |  | 8380 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 748421 | 4319 | SH |  | SOLE |  | 4319 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 685608 | 7700 | SH |  | SOLE |  | 7700 | 0 | 0 |
| DANAHER CORPORATION | COM | 235851102 |  | 647940 | 2481 | SH |  | SOLE |  | 2481 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 629802 | 5865 | SH |  | SOLE |  | 5865 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 604126 | 9137 | SH |  | SOLE |  | 9137 | 0 | 0 |
| MARKEL CORP | COM | 570535104 |  | 542740 | 409 | SH |  | SOLE |  | 409 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 541838 | 8672 | SH |  | SOLE |  | 8672 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 525240 | 10294 | SH |  | SOLE |  | 10294 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 522170 | 15100 | SH |  | SOLE |  | 15100 | 0 | 0 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 508859 | 2915 | SH |  | SOLE |  | 2915 | 0 | 0 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 504102 | 2371 | SH |  | SOLE |  | 2371 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 497897 | 3317 | SH |  | SOLE |  | 3317 | 0 | 0 |
| WERNER ENTERPRISES INC | COM | 950755108 |  | 470318 | 11636 | SH |  | SOLE |  | 11636 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 465106 | 2186 | SH |  | SOLE |  | 2186 | 0 | 0 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 459967 | 13388 | SH |  | SOLE |  | 13388 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 452795 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 407159 | 1512 | SH |  | SOLE |  | 1512 | 0 | 0 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 390970 | 1555 | SH |  | SOLE |  | 1555 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 385320 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| SYSCO CORP | COM | 871829107 |  | 363642 | 4785 | SH |  | SOLE |  | 4785 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 362905 | 1083 | SH |  | SOLE |  | 1083 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 335964 | 3330 | SH |  | SOLE |  | 3330 | 0 | 0 |
| MDU RES GROUP INC | COM | 552690109 |  | 319135 | 10474 | SH |  | SOLE |  | 10474 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 312235 | 806 | SH |  | SOLE |  | 806 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 301860 | 150 | SH |  | SOLE |  | 150 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 297886 | 2704 | SH |  | SOLE |  | 2704 | 0 | 0 |
| ISHARES TR | MSCI INTL VLU FT | 46435G409 |  | 295983 | 12657 | SH |  | SOLE |  | 12657 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 282379 | 4548 | SH |  | SOLE |  | 4548 | 0 | 0 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 280672 | 2976 | SH |  | SOLE |  | 2976 | 0 | 0 |
| SUMMIT HOTEL PPTYS INC | COM | 866082100 |  | 276942 | 38571 | SH |  | SOLE |  | 38571 | 0 | 0 |
| ABBOTT LABS | COM | 002824100 |  | 273962 | 2513 | SH |  | SOLE |  | 2513 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 267606 | 1299 | SH |  | SOLE |  | 1299 | 0 | 0 |
| GREEN BRICK PARTNERS INC | COM | 392709101 |  | 266220 | 10800 | SH |  | SOLE |  | 10800 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 262579 | 755 | SH |  | SOLE |  | 755 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 259772 | 3137 | SH |  | SOLE |  | 3137 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 253768 | 529 | SH |  | SOLE |  | 529 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 244736 | 1119 | SH |  | SOLE |  | 1119 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 244486 | 3284 | SH |  | SOLE |  | 3284 | 0 | 0 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 243292 | 1717 | SH |  | SOLE |  | 1717 | 0 | 0 |
| SCHWAB STRATEGIC TR | SCHWB FDT INT LG | 808524755 |  | 237603 | 8127 | SH |  | SOLE |  | 8127 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 234974 | 432 | SH |  | SOLE |  | 432 | 0 | 0 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 230218 | 1086 | SH |  | SOLE |  | 1086 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 225174 | 2184 | SH |  | SOLE |  | 2184 | 0 | 0 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 222236 | 2207 | SH |  | SOLE |  | 2207 | 0 | 0 |
| FOOT LOCKER INC | COM | 344849104 |  | 216290 | 5808 | SH |  | SOLE |  | 5808 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 215524 | 608 | SH |  | SOLE |  | 608 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 210135 | 375 | SH |  | SOLE |  | 375 | 0 | 0 |
| WISDOMTREE TR | EMER MKT HIGH FD | 97717W315 |  | 207894 | 5828 | SH |  | SOLE |  | 5828 | 0 | 0 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 207177 | 958 | SH |  | SOLE |  | 958 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 180559 | 759 | SH |  | SOLE |  | 759 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 164838 | 3374 | SH |  | SOLE |  | 3374 | 0 | 0 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 162732 | 362 | SH |  | SOLE |  | 362 | 0 | 0 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 155503 | 5065 | SH |  | SOLE |  | 5065 | 0 | 0 |
| ARROWHEAD PHARMACEUTICALS IN | COM | 04280A100 |  | 150660 | 4000 | SH |  | SOLE |  | 4000 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 146082 | 999 | SH |  | SOLE |  | 999 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 128962 | 340 | SH |  | SOLE |  | 340 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 75928 | 924 | SH |  | SOLE |  | 924 | 0 | 0 |
| BENSON HILL INC | COMMON STOCK | 082490103 |  | 40487 | 16011 | SH |  | SOLE |  | 16011 | 0 | 0 |
| BUTTERFLY NETWORK INC | COM CL A | 124155102 |  | 23903 | 10001 | SH |  | SOLE |  | 10001 | 0 | 0 |
| LINEAGE CELL THERAPEUTICS IN | COM | 53566P109 |  | 18825 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| SKY HARBOUR GROUP CORPORATIO | *W EXP 10/21/202 | 83085C115 |  | 13252 | 66780 | SH |  | SOLE |  | 66780 | 0 | 0 |
| NEW GOLD INC CDA | COM | 644535106 |  | 12119 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| SAB BIOTHERAPEUTICS INC | COM | 78397T103 |  | 9171 | 14796 | SH |  | SOLE |  | 14796 | 0 | 0 |
| BOXED INC | COM | 103174108 |  | 2276 | 9900 | SH |  | SOLE |  | 9900 | 0 | 0 |

---