# EDGAR Filing Document

**Accession Number:** 0001638022
**File Stem:** 0001420506-26-000980
**Filing Date:** 2026-5
**Character Count:** 19897
**Document Hash:** 764c02a893b05d9f52bb64449c1cd98d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-26-000980.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001420506-26-000980

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260514

**EFFECTIVENESS DATE**: 20260514

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elgethun Capital Management
- **CENTRAL INDEX KEY:** 0001638022

**ORGANIZATION NAME:**
- **EIN:** 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:** 26976279

**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:** 03-31-2026

**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  05-14-2026<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:** 166

**Form 13F Information Table Value Total:** $604617722

      (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 |  | 63351757 | 132203 | SH |  | SOLE |  | 130004 | 0 | 2199 |
| ELI LILLY  CO | COM | 532457108 |  | 47164968 | 51279 | SH |  | SOLE |  | 42113 | 0 | 9166 |
| FAIRFAX FINANCIAL | COM | 303901102 |  | 42291239 | 24820 | SH |  | SOLE |  | 24239 | 0 | 581 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 34007405 | 457396 | SH |  | SOLE |  | 454852 | 0 | 2544 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 25207486 | 361398 | SH |  | SOLE |  | 357356 | 0 | 4042 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL EMER | 808524730 |  | 20651702 | 539773 | SH |  | SOLE |  | 535518 | 0 | 4255 |
| CITIGROUP INC | COM NEW | 172967424 |  | 18951447 | 167106 | SH |  | SOLE |  | 164003 | 0 | 3103 |
| PATHWARD FINANCIAL INC | COM | 59100U108 |  | 18181816 | 203763 | SH |  | SOLE |  | 200041 | 0 | 3722 |
| BOSTON OMAHA CORP | CL A COM STK | 101044105 |  | 17029347 | 1457992 | SH |  | SOLE |  | 1437587 | 0 | 20405 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 16829916 | 679997 | SH |  | SOLE |  | 670611 | 0 | 9386 |
| SCHWAB CHARLES CORP | COM | 808513105 |  | 14621009 | 155576 | SH |  | SOLE |  | 153313 | 0 | 2262 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 14222797 | 566645 | SH |  | SOLE |  | 552281 | 0 | 14364 |
| BANCORP INC DEL | COM | 05969A105 |  | 12083393 | 224891 | SH |  | SOLE |  | 220044 | 0 | 4847 |
| DRIVEN BRANDS HLDGS INC | COM | 26210V102 |  | 11882176 | 942282 | SH |  | SOLE |  | 924896 | 0 | 17386 |
| LIBERTY MEDIA CORP DEL | COM LBTY ONE S A | 531229771 |  | 11668275 | 149440 | SH |  | SOLE |  | 147105 | 0 | 2335 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 10273156 | 59369 | SH |  | SOLE |  | 58714 | 0 | 655 |
| LIBERTY GLOBAL LTD | COM CL C | G61188127 |  | 10064305 | 857997 | SH |  | SOLE |  | 827733 | 0 | 30264 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 9966182 | 189327 | SH |  | SOLE |  | 187233 | 0 | 2095 |
| MICROSOFT CORP | COM | 594918104 |  | 9898354 | 26740 | SH |  | SOLE |  | 26398 | 0 | 342 |
| OCCIDENTAL PETE CORP | COM | 674599105 |  | 9595028 | 147616 | SH |  | SOLE |  | 145909 | 0 | 1707 |
| ADVANCE AUTO PARTS INC | COM | 00751Y106 |  | 9069466 | 171933 | SH |  | SOLE |  | 167974 | 0 | 3959 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 8131997 | 37432 | SH |  | SOLE |  | 37087 | 0 | 345 |
| CRIMSON WINE GROUP | COM | 22662X100 |  | 7767448 | 1761326 | SH |  | SOLE |  | 1749625 | 0 | 11701 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 7079507 | 187091 | SH |  | SOLE |  | 187091 | 0 | 0 |
| DREAM FINDERS HOMES INC | COM CL A | 26154D100 |  | 7034862 | 505378 | SH |  | SOLE |  | 496628 | 0 | 8750 |
| ATLANTA BRAVES HLDGS INC | COM SER C | 047726302 |  | 7016891 | 164330 | SH |  | SOLE |  | 161088 | 0 | 3242 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 5959407 | 31052 | SH |  | SOLE |  | 29863 | 0 | 1189 |
| KROGER CO | COM | 501044101 |  | 5673183 | 78402 | SH |  | SOLE |  | 77095 | 0 | 1307 |
| FAIRFAX INDIA | COM | 303897102 |  | 5471971 | 339874 | SH |  | SOLE |  | 334953 | 0 | 4921 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 5104667 | 16876 | SH |  | SOLE |  | 16575 | 0 | 301 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 4662735 | 26736 | SH |  | SOLE |  | 26726 | 0 | 10 |
| AMAZON COM INC | COM | 023135106 |  | 4595686 | 22066 | SH |  | SOLE |  | 21407 | 0 | 659 |
| NVR INC | COM | 62944T105 |  | 4349288 | 660 | SH |  | SOLE |  | 648 | 0 | 12 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 4308840 | 6 | SH |  | SOLE |  | 6 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 3801148 | 14978 | SH |  | SOLE |  | 14978 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 3640024 | 213616 | SH |  | SOLE |  | 209883 | 0 | 3733 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 3453167 | 35515 | SH |  | SOLE |  | 34519 | 0 | 997 |
| BLACKROCK MUN TARGET TERM TR | COM SHS BEN IN | 09257P105 |  | 3113735 | 137169 | SH |  | SOLE |  | 137169 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 3057080 | 104946 | SH |  | SOLE |  | 104946 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 2977619 | 23959 | SH |  | SOLE |  | 23959 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2835051 | 9883 | SH |  | SOLE |  | 8968 | 0 | 915 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 2806438 | 10372 | SH |  | SOLE |  | 10142 | 0 | 230 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 2800461 | 9739 | SH |  | SOLE |  | 9739 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LCAP VA ETF | 808524409 |  | 2432092 | 79741 | SH |  | SOLE |  | 79518 | 0 | 223 |
| STELLANTIS N.V | SHS | N82405106 |  | 2097343 | 295817 | SH |  | SOLE |  | 290470 | 0 | 5347 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 2006796 | 78268 | SH |  | SOLE |  | 77620 | 0 | 648 |
| MERCK  CO INC | COM | 58933Y105 |  | 1765517 | 14677 | SH |  | SOLE |  | 14677 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1690669 | 5270 | SH |  | SOLE |  | 5270 | 0 | 0 |
| BERKLEY W R CORP | COM | 084423102 |  | 1595397 | 24071 | SH |  | SOLE |  | 24071 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 1572312 | 5345 | SH |  | SOLE |  | 5303 | 0 | 42 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 1505478 | 27853 | SH |  | SOLE |  | 27531 | 0 | 322 |
| CSX CORP | COM | 126408103 |  | 1424802 | 34709 | SH |  | SOLE |  | 34709 | 0 | 0 |
| BRIDGEWATER BANCSHARES INC | COM | 108621103 |  | 1402353 | 79229 | SH |  | SOLE |  | 79229 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 |  | 1340363 | 6163 | SH |  | SOLE |  | 6163 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1320750 | 7785 | SH |  | SOLE |  | 7785 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 1315217 | 5381 | SH |  | SOLE |  | 5381 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFAC | SPONSORED ADS | 874039100 |  | 1256160 | 3717 | SH |  | SOLE |  | 3717 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 1214462 | 4018 | SH |  | SOLE |  | 4018 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 1202446 | 3885 | SH |  | SOLE |  | 135 | 0 | 3750 |
| CHEVRON CORPORATION | COM | 166764100 |  | 1197105 | 5786 | SH |  | SOLE |  | 5786 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 1153698 | 3508 | SH |  | SOLE |  | 3508 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 1084116 | 3488 | SH |  | SOLE |  | 3488 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 1023937 | 4129 | SH |  | SOLE |  | 4129 | 0 | 0 |
| 3M CO | COM | 88579Y101 |  | 1005608 | 6924 | SH |  | SOLE |  | 5790 | 0 | 1134 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 1003668 | 5116 | SH |  | SOLE |  | 5116 | 0 | 0 |
| CATERPILLAR INC | COM | 149123101 |  | 963795 | 1360 | SH |  | SOLE |  | 1360 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 941822 | 5696 | SH |  | SOLE |  | 5688 | 0 | 8 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 929201 | 10264 | SH |  | SOLE |  | 10264 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 887538 | 9138 | SH |  | SOLE |  | 9138 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 880665 | 13718 | SH |  | SOLE |  | 13718 | 0 | 0 |
| ISHARES TR | CORE S ETF | 464287200 |  | 877914 | 1344 | SH |  | SOLE |  | 1344 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R853 |  | 875848 | 18126 | SH |  | SOLE |  | 18061 | 0 | 65 |
| UNITED PARCEL SVCS INC | CL B | 911312106 |  | 870793 | 8851 | SH |  | SOLE |  | 8800 | 0 | 51 |
| VISTRA CORP | COM | 92840M102 |  | 846809 | 5633 | SH |  | SOLE |  | 5633 | 0 | 0 |
| CARMAX INC | COM | 143130102 |  | 824739 | 19835 | SH |  | SOLE |  | 16396 | 0 | 3439 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 812278 | 12676 | SH |  | SOLE |  | 12676 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 809372 | 1853 | SH |  | SOLE |  | 1853 | 0 | 0 |
| MARATHON PETE CORP | COM | 56585A102 |  | 773562 | 3168 | SH |  | SOLE |  | 3168 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 768626 | 10107 | SH |  | SOLE |  | 10107 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 757851 | 5152 | SH |  | SOLE |  | 5142 | 0 | 10 |
| PEPSICO INC | COM | 713448108 |  | 742534 | 4782 | SH |  | SOLE |  | 4782 | 0 | 0 |
| VITESSE ENERGY INC | COMMON STOCK | 92852X103 |  | 735734 | 40514 | SH |  | SOLE |  | 38780 | 0 | 1734 |
| ISHARES TR | RUS 2000 GRW ETF | 464287648 |  | 651217 | 2075 | SH |  | SOLE |  | 2075 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET FIN | 81369Y605 |  | 600060 | 12154 | SH |  | SOLE |  | 12154 | 0 | 0 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 581222 | 2233 | SH |  | SOLE |  | 2228 | 0 | 5 |
| DELTA AIR LINES INC | COM NEW | 247361702 |  | 571728 | 8600 | SH |  | SOLE |  | 8600 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 564925 | 945 | SH |  | SOLE |  | 945 | 0 | 0 |
| BP PLC | SPONSORED ADR | 055622104 |  | 553863 | 11784 | SH |  | SOLE |  | 11782 | 0 | 2 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 547970 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| EVOLUTION METALS  TECH CORP | COM | 30054B107 |  | 531854 | 70073 | SH |  | SOLE |  | 70073 | 0 | 0 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 513525 | 7500 | SH |  | SOLE |  | 7500 | 0 | 0 |
| UNITED RENTALS INC | COM | 911363109 |  | 497606 | 683 | SH |  | SOLE |  | 683 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 470984 | 724 | SH |  | SOLE |  | 723 | 0 | 1 |
| DANAHER CORP DEL | COM | 235851102 |  | 461048 | 2432 | SH |  | SOLE |  | 2432 | 0 | 0 |
| MARKEL GROUP INC | COM | 570535104 |  | 455549 | 238 | SH |  | SOLE |  | 238 | 0 | 0 |
| OCCIDENTAL PETE CORP | *W EXP 08/03/202 | 674599162 |  | 446160 | 10400 | SH |  | SOLE |  | 10400 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 441267 | 1187 | SH |  | SOLE |  | 1187 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 |  | 436602 | 2263 | SH |  | SOLE |  | 2263 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 433883 | 4150 | SH |  | SOLE |  | 4150 | 0 | 0 |
| DEERE  CO | COM | 244199105 |  | 427624 | 759 | SH |  | SOLE |  | 759 | 0 | 0 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 425503 | 585 | SH |  | SOLE |  | 585 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 418661 | 984 | SH |  | SOLE |  | 984 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 415275 | 417 | SH |  | SOLE |  | 417 | 0 | 0 |
| GREEN BRICK PARTNERS INC | COM | 392709101 |  | 409580 | 6355 | SH |  | SOLE |  | 6355 | 0 | 0 |
| BOOKING HOLDINGS INC | COM | 09857L108 |  | 408401 | 97 | SH |  | SOLE |  | 97 | 0 | 0 |
| PROCTER  GAMBLE CO | COM | 742718109 |  | 399666 | 2767 | SH |  | SOLE |  | 2767 | 0 | 0 |
| CHUBB LTD SWITZ | COM | H1467J104 |  | 397309 | 1219 | SH |  | SOLE |  | 1219 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 |  | 396055 | 1752 | SH |  | SOLE |  | 1752 | 0 | 0 |
| NEWMONT CORP | COM | 651639106 |  | 394855 | 3648 | SH |  | SOLE |  | 3648 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 392146 | 785 | SH |  | SOLE |  | 785 | 0 | 0 |
| ISHARES INC | EM MKTS DIV ETF | 464286319 |  | 375602 | 10925 | SH |  | SOLE |  | 10925 | 0 | 0 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 367878 | 1281 | SH |  | SOLE |  | 1281 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 366886 | 641 | SH |  | SOLE |  | 616 | 0 | 25 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 361717 | 627 | SH |  | SOLE |  | 558 | 0 | 68 |
| UNION PAC CORP | COM | 907818108 |  | 354523 | 1461 | SH |  | SOLE |  | 1461 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 354295 | 7268 | SH |  | SOLE |  | 3218 | 0 | 4050 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 333929 | 553 | SH |  | SOLE |  | 553 | 0 | 0 |
| SCHWAB STRATEGIC TR | FUNDAMENTAL INTL | 808524755 |  | 329306 | 6730 | SH |  | SOLE |  | 6730 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 325730 | 757 | SH |  | SOLE |  | 657 | 0 | 100 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 323579 | 2603 | SH |  | SOLE |  | 2603 | 0 | 0 |
| WISDOMTREE TR | EMER MKT HIGH FD | 97717W315 |  | 322737 | 6495 | SH |  | SOLE |  | 6495 | 0 | 0 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 317624 | 466 | SH |  | SOLE |  | 466 | 0 | 0 |
| EVERUS CONSTR GROUP | COM | 300426103 |  | 316637 | 2682 | SH |  | SOLE |  | 2682 | 0 | 0 |
| APPLIED MATLS INC | COM | 038222105 |  | 313421 | 917 | SH |  | SOLE |  | 917 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 299814 | 1512 | SH |  | SOLE |  | 1512 | 0 | 0 |
| ABBOTT LABORATORIES | COM | 002824100 |  | 296504 | 2888 | SH |  | SOLE |  | 2888 | 0 | 0 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 287120 | 3091 | SH |  | SOLE |  | 3091 | 0 | 0 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 280526 | 1784 | SH |  | SOLE |  | 1784 | 0 | 0 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 265559 | 910 | SH |  | SOLE |  | 910 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 259532 | 3310 | SH |  | SOLE |  | 3310 | 0 | 0 |
| EATON CORP PLC | SHS | G29183103 |  | 259311 | 725 | SH |  | SOLE |  | 725 | 0 | 0 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 254084 | 1249 | SH |  | SOLE |  | 1229 | 0 | 20 |
| ARROWHEAD PHARMACEUTICALS IN | COM | 04280A100 |  | 251239 | 4007 | SH |  | SOLE |  | 4007 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 250580 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| MONSTER BEVERAGE CORP NEW | COM | 61174X109 |  | 243466 | 3360 | SH |  | SOLE |  | 3360 | 0 | 0 |
| D R HORTON INC | COM | 23331A109 |  | 240272 | 1751 | SH |  | SOLE |  | 1751 | 0 | 0 |
| LOWES COS INC | COM | 548661107 |  | 237397 | 1005 | SH |  | SOLE |  | 1005 | 0 | 0 |
| ISHARES TR | MSCI INTL VLU FT | 46435G409 |  | 236890 | 5970 | SH |  | SOLE |  | 5970 | 0 | 0 |
| INTUIT | COM | 461202103 |  | 231065 | 534 | SH |  | SOLE |  | 534 | 0 | 0 |
| MDU RES GROUP INC | COM | 552690109 |  | 227383 | 10974 | SH |  | SOLE |  | 10974 | 0 | 0 |
| GOLD FIELDS LTD | SPONSORED ADR | 38059T106 |  | 227000 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 223631 | 5068 | SH |  | SOLE |  | 5068 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 219573 | 2361 | SH |  | SOLE |  | 2361 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 218508 | 647 | SH |  | SOLE |  | 647 | 0 | 0 |
| GENERAL MTRS CO | COM | 37045V100 |  | 197127 | 2646 | SH |  | SOLE |  | 2113 | 0 | 533 |
| KNIFE RIVER CORP | COMMON STOCK | 498894104 |  | 190816 | 2337 | SH |  | SOLE |  | 2337 | 0 | 0 |
| ECOLAB INC | COM | 278865100 |  | 188124 | 707 | SH |  | SOLE |  | 707 | 0 | 0 |
| SCHWAB STRATEGIC TR | US SML CAP ETF | 808524607 |  | 183782 | 6320 | SH |  | SOLE |  | 6320 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 177645 | 2692 | SH |  | SOLE |  | 2692 | 0 | 0 |
| TARGET CORP | COM | 87612E106 |  | 176900 | 1460 | SH |  | SOLE |  | 1197 | 0 | 263 |
| TEXAS INSTRS INC | COM | 882508104 |  | 163799 | 844 | SH |  | SOLE |  | 844 | 0 | 0 |
| SALESFORCE INC | COM | 79466L302 |  | 162403 | 870 | SH |  | SOLE |  | 860 | 0 | 10 |
| SYSCO CORP | COM | 871829107 |  | 151967 | 2130 | SH |  | SOLE |  | 2130 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 151209 | 2053 | SH |  | SOLE |  | 2053 | 0 | 0 |
| ISHARES TR | US HOME CONS ETF | 464288752 |  | 148864 | 1644 | SH |  | SOLE |  | 1644 | 0 | 0 |
| LPL FINL HLDGS INC | COM | 50212V100 |  | 148309 | 493 | SH |  | SOLE |  | 493 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 146999 | 707 | SH |  | SOLE |  | 707 | 0 | 0 |
| WERNER ENTERPRISES INC | COM | 950755108 |  | 145026 | 4931 | SH |  | SOLE |  | 4931 | 0 | 0 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 106597 | 1579 | SH |  | SOLE |  | 1579 | 0 | 0 |
| NIKE INC | CL B | 654106103 |  | 105746 | 2002 | SH |  | SOLE |  | 2002 | 0 | 0 |
| AMERICAN TOWER CORP | COM | 03027X100 |  | 105563 | 612 | SH |  | SOLE |  | 612 | 0 | 0 |
| STARBUCKS CORP | COM | 855244109 |  | 99803 | 1114 | SH |  | SOLE |  | 1114 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 97785 | 1696 | SH |  | SOLE |  | 950 | 0 | 747 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 85802 | 354 | SH |  | SOLE |  | 354 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 |  | 80101 | 622 | SH |  | SOLE |  | 622 | 0 | 0 |
| LINEAGE CELL THERAPEUTICS IN | COM | 53566P109 |  | 23700 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |

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