Instuitional Investor - Pecaut & Co.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr Ser Tr		366,783	$36,366,534	12.55%
2.	Berkshire Hathaway Inc	BRK.A	65,617	$29,742,874	10.26%
3.	Ishares Tr		258,986	$25,981,467	8.96%
4.	Texas Pacific Land Corp	TPL	14,105	$15,599,023	5.38%
5.	Spdr Series Trust		150,603	$13,238,032	4.56%