# EDGAR Filing Document

**Accession Number:** 0001597200
**File Stem:** 0001398344-25-020159
**Filing Date:** 2025-11
**Character Count:** 11643
**Document Hash:** 3307516f102b1657f9d75b76052fa09b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-020159.hdr.sgml**: 20251103

**ACCESSION NUMBER**: 0001398344-25-020159

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251103

**DATE AS OF CHANGE**: 20251103

**EFFECTIVENESS DATE**: 20251103

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PECAUT & CO.
- **CENTRAL INDEX KEY:** 0001597200

**ORGANIZATION NAME:**
- **EIN:** 421083757
- **STATE OF INCORPORATION:** IA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15687
- **FILM NUMBER:** 251442623

**BUSINESS ADDRESS:**
- **STREET 1:** 401 DOUGLAS ST.
- **STREET 2:** STE 415
- **CITY:** SIOUX CITY
- **STATE:** IA
- **ZIP:** 51101
- **BUSINESS PHONE:** 7122523268

**MAIL ADDRESS:**
- **STREET 1:** 401 DOUGLAS ST.
- **STREET 2:** STE 415
- **CITY:** SIOUX CITY
- **STATE:** IA
- **ZIP:** 51101

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** PECAUT  CO.<br>**Address:** 401 DOUGLAS ST.<br>STE 415<br>SIOUX CITY, IA 51101

**Form 13F File Number:** 028-15687

**CRD Number (if applicable):** 000002997

**SEC File Number (if applicable):** 801-49498

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 Pecaut<br>**Title:** Co-CEO and CCO<br>**Phone:** 712-252-3268

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

/s/ John Pecaut  Sioux City, IA  11-03-2025<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:** 79

**Form 13F Information Table Value Total:** $311282088

      (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 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 15230538 | 62536 | SH |  | SOLE |  | 0 | 0 | 62536 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 1677408 | 5050 | SH |  | SOLE |  | 0 | 0 | 5050 |
| APPLE INC | COM | 037833100 |  | 9241589 | 36294 | SH |  | SOLE |  | 0 | 0 | 36294 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 205450 | 700 | SH |  | SOLE |  | 0 | 0 | 700 |
| AUTONATION INC | COM | 05329W102 |  | 5572072 | 25470 | SH |  | SOLE |  | 0 | 0 | 25470 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 9050400 | 12 | SH |  | SOLE |  | 0 | 0 | 12 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 30995429 | 61653 | SH |  | SOLE |  | 0 | 0 | 61653 |
| BOSTON OMAHA CORP | CL A COM STK | 101044105 |  | 227592 | 17400 | SH |  | SOLE |  | 0 | 0 | 17400 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 2404994 | 19835 | SH |  | SOLE |  | 0 | 0 | 19835 |
| BWX TECHNOLOGIES INC | COM | 05605H100 |  | 1499850 | 8135 | SH |  | SOLE |  | 0 | 0 | 8135 |
| CANADIAN NATL RY CO | COM | 136375102 |  | 253101 | 2684 | SH |  | SOLE |  | 0 | 0 | 2684 |
| CARMAX INC | COM | 143130102 |  | 585554 | 13050 | SH |  | SOLE |  | 0 | 0 | 13050 |
| CASEYS GEN STORES INC | COM | 147528103 |  | 1314369 | 2325 | SH |  | SOLE |  | 0 | 0 | 2325 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 261339 | 1653 | SH |  | SOLE |  | 0 | 0 | 1653 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 6559432 | 7086 | SH |  | SOLE |  | 0 | 0 | 7086 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 6784307 | 89255 | SH |  | SOLE |  | 0 | 0 | 89255 |
| FIRST TR EXCHANGE TRADED FD | NASDQ CLN EDGE | 33737A108 |  | 7440965 | 49252 | SH |  | SOLE |  | 0 | 0 | 49252 |
| FIRST TR EXCHANGE TRADED FD | RBA INDL ETF | 33738R704 |  | 4632283 | 47914 | SH |  | SOLE |  | 0 | 0 | 47914 |
| FLOOR  DECOR HLDGS INC | CL A | 339750101 |  | 1687730 | 22900 | SH |  | SOLE |  | 0 | 0 | 22900 |
| HAWAIIAN ELEC INDUSTRIES | COM | 419870100 |  | 441600 | 40000 | SH |  | SOLE |  | 0 | 0 | 40000 |
| INTERCONTINENTAL EXCHANGE IN | COM | 45866F104 |  | 3116880 | 18500 | SH |  | SOLE |  | 0 | 0 | 18500 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 10025396 | 148502 | SH |  | SOLE |  | 0 | 0 | 148502 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 250668 | 1231 | SH |  | SOLE |  | 0 | 0 | 1231 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 269652 | 576 | SH |  | SOLE |  | 0 | 0 | 576 |
| ISHARES TR | SHORT TREAS BD | 464288679 |  | 519634 | 4703 | SH |  | SOLE |  | 0 | 0 | 4703 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 |  | 3915193 | 41152 | SH |  | SOLE |  | 0 | 0 | 41152 |
| ISHARES TR | ESG AWR MSCI USA | 46435G425 |  | 215166 | 1478 | SH |  | SOLE |  | 0 | 0 | 1478 |
| ISHARES TR | ESG AW MSCI EAFE | 46435G516 |  | 329350 | 3542 | SH |  | SOLE |  | 0 | 0 | 3542 |
| ISHARES TR | CYBERSECURITY | 46435U135 |  | 239685 | 4580 | SH |  | SOLE |  | 0 | 0 | 4580 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 25219370 | 250441 | SH |  | SOLE |  | 0 | 0 | 250441 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHT MUNCPL | 46641Q654 |  | 1792386 | 35117 | SH |  | SOLE |  | 0 | 0 | 35117 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 415123 | 2239 | SH |  | SOLE |  | 0 | 0 | 2239 |
| KNIFE RIVER CORP | COMMON STOCK | 498894104 |  | 4096402 | 53290 | SH |  | SOLE |  | 0 | 0 | 53290 |
| LANDBRIDGE COMPANY LLC | CL A | 514952100 |  | 853136 | 15991 | SH |  | SOLE |  | 0 | 0 | 15991 |
| LIBERTY MEDIA CORP DEL | COM LBTY ONE S A | 531229771 |  | 1152924 | 12108 | SH |  | SOLE |  | 0 | 0 | 12108 |
| LISTED FDS TR | HORIZON KINETICS | 53656F623 |  | 2152064 | 48150 | SH |  | SOLE |  | 0 | 0 | 48150 |
| LOWES COS INC | COM | 548661107 |  | 5000444 | 19898 | SH |  | SOLE |  | 0 | 0 | 19898 |
| LSB INDS INC | COM | 502160104 |  | 303380 | 38500 | SH |  | SOLE |  | 0 | 0 | 38500 |
| MESABI TR | CTF BEN INT | 590672101 |  | 980851 | 33963 | SH |  | SOLE |  | 0 | 0 | 33963 |
| MICROSOFT CORP | COM | 594918104 |  | 5047308 | 9745 | SH |  | SOLE |  | 0 | 0 | 9745 |
| NATURAL RESOURCE PARTNERS L | COM UNIT LTD PAR | 63900P608 |  | 819000 | 7800 | SH |  | SOLE |  | 0 | 0 | 7800 |
| NIKE INC | CL B | 654106103 |  | 739277 | 10602 | SH |  | SOLE |  | 0 | 0 | 10602 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 3745021 | 20072 | SH |  | SOLE |  | 0 | 0 | 20072 |
| OCCIDENTAL PETE CORP | *W EXP 08/03/202 | 674599162 |  | 267929 | 10507 | SH |  | SOLE |  | 0 | 0 | 10507 |
| ORACLE CORP | COM | 68389X105 |  | 2074878 | 7378 | SH |  | SOLE |  | 0 | 0 | 7378 |
| PROGRESSIVE CORP | COM | 743315103 |  | 222255 | 900 | SH |  | SOLE |  | 0 | 0 | 900 |
| PVH CORPORATION | COM | 693656100 |  | 1055502 | 12600 | SH |  | SOLE |  | 0 | 0 | 12600 |
| RENN FD INC | COM | 759720105 |  | 219436 | 86050 | SH |  | SOLE |  | 0 | 0 | 86050 |
| RLI CORP | COM | 749607107 |  | 259832 | 3984 | SH |  | SOLE |  | 0 | 0 | 3984 |
| SAN JUAN BASIN RTY TR | UNIT BEN INT | 798241105 |  | 181200 | 30000 | SH |  | SOLE |  | 0 | 0 | 30000 |
| SCHLUMBERGER LTD | COM STK | 806857108 |  | 223405 | 6500 | SH |  | SOLE |  | 0 | 0 | 6500 |
| SOURCE CAPITAL | COM SHS OF BEN I | 836144303 |  | 592682 | 13165 | SH |  | SOLE |  | 0 | 0 | 13165 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 8706049 | 203460 | SH |  | SOLE |  | 0 | 0 | 203460 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 283315 | 425 | SH |  | SOLE |  | 0 | 0 | 425 |
| SPDR SERIES TRUST | PRTFLO S GW | 78464A409 |  | 16774639 | 160508 | SH |  | SOLE |  | 0 | 0 | 160508 |
| SPDR SERIES TRUST | PRTFLO S VL | 78464A508 |  | 10215553 | 184630 | SH |  | SOLE |  | 0 | 0 | 184630 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A847 |  | 6346796 | 110977 | SH |  | SOLE |  | 0 | 0 | 110977 |
| SPDR SERIES TRUST | BLOOMBERG 3-12 M | 78468R523 |  | 43046945 | 432546 | SH |  | SOLE |  | 0 | 0 | 432546 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 2375284 | 25889 | SH |  | SOLE |  | 0 | 0 | 25889 |
| SPDR SERIES TRUST | PORTFOLIO S | 78468R853 |  | 3223072 | 69583 | SH |  | SOLE |  | 0 | 0 | 69583 |
| SPROTT ASSET MANAGEMENT LP | PHYSICAL GOLD TR | 85207H104 |  | 257694 | 8700 | SH |  | SOLE |  | 0 | 0 | 8700 |
| TESLA INC | COM | 88160R101 |  | 368673 | 829 | SH |  | SOLE |  | 0 | 0 | 829 |
| TEXAS PACIFIC LAND CORPORATI | COM | 88262P102 |  | 6413045 | 6869 | SH |  | SOLE |  | 0 | 0 | 6869 |
| TIDEWATER INC NEW | COM | 88642R109 |  | 666625 | 12500 | SH |  | SOLE |  | 0 | 0 | 12500 |
| TRIPLE FLAG PRECIOUS METAL | COM | 89679M104 |  | 204820 | 7000 | SH |  | SOLE |  | 0 | 0 | 7000 |
| UNION PAC CORP | COM | 907818108 |  | 1056153 | 4468 | SH |  | SOLE |  | 0 | 0 | 4468 |
| UNITED RENTALS INC | COM | 911363109 |  | 1339486 | 1403 | SH |  | SOLE |  | 0 | 0 | 1403 |
| VANGUARD INDEX FDS | MID CAP ETF | 922908629 |  | 842312 | 2868 | SH |  | SOLE |  | 0 | 0 | 2868 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 2296948 | 4789 | SH |  | SOLE |  | 0 | 0 | 4789 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 1169609 | 6272 | SH |  | SOLE |  | 0 | 0 | 6272 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 873150 | 3434 | SH |  | SOLE |  | 0 | 0 | 3434 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 12444775 | 57671 | SH |  | SOLE |  | 0 | 0 | 57671 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1268645 | 21172 | SH |  | SOLE |  | 0 | 0 | 21172 |
| VANGUARD WORLD FD | ESG US STK ETF | 921910733 |  | 924954 | 7809 | SH |  | SOLE |  | 0 | 0 | 7809 |
| WALMART INC | COM | 931142103 |  | 1299948 | 12614 | SH |  | SOLE |  | 0 | 0 | 12614 |
| WATERBRIDGE INFRASTRUCTURE L | CL A SHS REPSTG | 940923105 |  | 1677130 | 66500 | SH |  | SOLE |  | 0 | 0 | 66500 |
| WHEATON PRECIOUS METALS CORP | COM | 962879102 |  | 1291752 | 11550 | SH |  | SOLE |  | 0 | 0 | 11550 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 |  | 1950664 | 1167 | SH |  | SOLE |  | 0 | 0 | 1167 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 1602621 | 20963 | SH |  | SOLE |  | 0 | 0 | 20963 |

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