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Portfolio (Quarterly) Guide ↗

ELKHORN PARTNERS LIMITED PARTNERSHIP

· CIK 0000928400
13F Portfolio $157M AUM 48 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 9 New 17 Added 14 Reduced 11 Exited
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 KW KENNEDY-WILSON HOLDINGS INC Real Estate 4,199,000.0 $45.4M 28.92% -36K -0.8% $10.82 +1.6%
2 WTM WHITE MTNS INS GROUP LTD Financial Services 12,700.0 $27.9M 17.76% -898.0 -6.6% $2196.96 -2.3%
3 GOOGL ALPHABET INC CAP STK Communication Services 15,900.0 $4.6M 2.91% -500.0 -3.0% $287.56 +33.2%
4 CDZI CADIZ INC Utilities 643,500.0 $3.2M 2.01% -8K -1.3% $4.91 -13.5%
5 C CITIGROUP INC Financial Services 6,100.0 $692K 0.44% -100.0 -1.6% $113.41 +10.3%
6 IFF INTERNATIONAL FLAVORS&FRAGRA Basic Materials 8,200.0 $595K 0.38% -900.0 -9.9% $72.55 +3.8%
7 DD DUPONT DE NEMOURS INC Basic Materials 3,300.0 $151K 0.10% -2K -32.6% $45.80 +5.1%
8 UNH UNITEDHEALTH GROUP INC Healthcare 470.0 $127K 0.08% -430.0 -47.8% $270.59 +43.6%
9 ACTG ACACIA RESH CORP ACACIA TCH Industrials 25,000.0 $120K 0.08% -10K -27.5% $4.81 -3.1%
10 DOW DOW INC Basic Materials 2,200.0 $92K 0.06% -24K -91.7% $41.65 -13.5%
11 CLF CLEVELAND-CLIFFS INC NEW Basic Materials 9,500.0 $80K 0.05% -3K -23.4% $8.45 +32.9%
12 OXY OCCIDENTAL PETE CORP Energy 700.0 $46K 0.03% -37K -98.2% $65.00 -9.5%
13 HHH HOWARD HUGHES HOLDINGS INC Real Estate 200.0 $13K 0.01% -100.0 -33.3% $63.26 +0.7%
14 FG NEXUS INC 2,100.0 $10K 0.01% -5K -70.0% $4.99

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Real Estate 48.1%
Financial Services 30.3%
Communication Services 10.1%
Technology 4.5%
Utilities 3.3%
Industrials 1.2%
Basic Materials 1.0%
Consumer Defensive 0.7%
Healthcare 0.6%
Consumer Cyclical 0.2%