Ervin Investment Management, LLC

CIK 1907802 · View on SEC EDGAR ↗

Portfolio value QoQ: +1.2% 13F does not disclose cash

Top 10 holdings weight71.14%

Top 25 holdings weight94.12%

Positions above 1%19

Effective number of positions12.3

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q3 2026: 0.46% Est. buys $855,492 · sells $1,294,143

Median holding: 7.0 quarters Tracked Q1 2025–Q3 2026 · 88.5% still held

New positions0

Increased18

Decreased14

Closed1

Portfolio value $186.2M #6,815 of 9,339 by 13F value · top 73.0%

Positions 46

As of Sept. 30, 2026

Sector breakdown

Financials 36.1%

Technology 21.9%

Communication Services 6.7%

Consumer Discretionary 3.8%

Energy 1.9%

Retail 1.5%

Consumer Staples 1.2%

Industrials 1.1%

Materials 0.3%

Health Care 0.1%

Other/Unmapped 25.3%

Full portfolio 46 positions

					Streak
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B	$39,107,924	21.00%	78,538	$-338,247	Down ×2
MSFT Microsoft Corporation - Common Stock	$17,177,188	9.22%	33,490	$4,735,358	Up ×3
AAPL Apple Inc. - Common Stock	$15,967,413	8.58%	47,947	$1,824,854	Down ×6
SPTM SPDR SERIES TRUST	$15,619,551	8.39%	169,686	$316,396	Up ×4
GOOGL Alphabet Inc. - Class A Common Stock	$9,204,888	4.94%	26,752	$-732,837	Down ×6
BN Brookfield Corporation Class A Limited Voting Shares	$8,487,345	4.56%	232,785	$-1,408,361	Up ×1
L Loews Corporation Common Stock	$8,102,882	4.35%	77,592	$-722,893	Down ×6
VBR Vanguard Morningstar Small-Cap Value ETF	$6,597,293	3.54%	28,556	$-340,800	Up ×5
SPDW SPDR INDEX SHARES FUNDS	$6,133,134	3.29%	122,150	$60,653	Up ×6
SGOL abrdn Physical Gold Shares ETF	$6,065,537	3.26%	153,325	$212,333	Up ×2
GM General Motors Company Common Stock	$5,512,430	2.96%	71,590	$15,470	Up ×1
SPEM SPDR INDEX SHARES FUNDS	$4,938,202	2.65%	95,406	$89,847	Up ×6
MKL Markel Group Inc. Common Stock	$4,665,854	2.51%	2,725	$-628,104	Up ×5
ASML ASML Holding N.V. - New York Registry Shares	$4,529,175	2.43%	2,500	$-442,436	Up ×1
JEF Jefferies Financial Group Inc. Common Stock	$4,238,851	2.28%	92,693	$-368,205	Up ×4
GOOG Alphabet Inc. - Class C Capital Stock	$3,285,074	1.76%	9,641	$-176,147	Down ×6
XOM Exxon Mobil Corporation Common Stock	$3,233,843	1.74%	19,870	$492,334	Down ×6
MELI MercadoLibre, Inc. - Common Stock	$2,164,120	1.16%	1,252	$208,727	Up ×1
ESGV Vanguard ESG U.S. Stock ETF	$1,861,911	1.00%	13,738	$51,810	Up ×3
AMD Advanced Micro Devices, Inc. - Common Stock	$1,605,374	0.86%	2,624	$13,681	Down ×2
IVV iShares Core S&P 500 ETF	$1,511,022	0.81%	1,973	$29,718	Down ×6
BAM Brookfield Asset Management Inc Class A Limited Voting Shares	$1,381,400	0.74%	30,987	$-4,779	Up ×1
YUM Yum! Brands, Inc.	$1,352,765	0.73%	9,922	$-233,366
ITOT iShares Trust	$1,275,534	0.69%	7,671	$15,419
PM Philip Morris International Inc Common Stock	$1,242,047	0.67%	6,509	$64,504
ORCL Oracle Corporation Common Stock	$1,223,755	0.66%	8,913	$-82,445
GE GE Aerospace Common Stock	$1,150,476	0.62%	3,684	$-220,739	Up ×1
VXUS Vanguard Total International Stock ETF	$1,150,273	0.62%	13,539	$-7,176
AXP American Express Company Common Stock	$1,041,238	0.56%	3,424	$-138,578	Down ×5
AMZN Amazon.com, Inc. - Common Stock	$604,438	0.32%	2,426	$23,842	Down ×1
TECK Teck Resources Ltd Ordinary Shares	$572,044	0.31%	8,695	$55,039
VTI Vanguard Morningstar Total Stock Market ETF	$548,636	0.29%	1,466	$-1,243	Down ×1
GEV GE Vernova Inc. Common Stock	$522,770	0.28%	550	$-123,403
VOO Vanguard S&P 500 ETF	$431,730	0.23%	616	$8,655
BA Boeing Company (The) Common Stock	$413,961	0.22%	2,225	$-20,061	Up ×1
SIVR abrdn Physical Silver Shares ETF	$406,901	0.22%	7,100	$7,739
VSGX Vanguard ESG International Stock ETF	$381,678	0.20%	4,708	$8,842	Up ×3
DEO Diageo plc Common Stock	$359,606	0.19%	4,201	$21,930
MO Altria Group, Inc.	$321,953	0.17%	4,781	$-23,479	Down ×2
CNX CNX Resources Corporation Common Stock	$321,051	0.17%	10,300	$-28,428
CB Chubb Limited Common Stock	$284,594	0.15%	875	$-13,554
YUMC Yum China Holdings, Inc. Common Stock	$264,684	0.14%	6,440	$-4,241	Down ×2
KO Coca-Cola Company (The) Common Stock	$261,425	0.14%	3,037	$10,545	Down ×1
QQQ Invesco QQQ Trust, Series 1	$255,960	0.14%	346	$1,166
AUR Aurora Innovation, Inc. - Class A Common Stock	$223,816	0.12%	40,400	$155,616	Up ×1
GEHC GE HealthCare Technologies Inc. - Common Stock	$206,700	0.11%	3,162	$4,300
No matches

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security	Value	% of portfolio	Streak
MSFT	$17,177,188	9.22%	up ×3
SPTM	$15,619,551	8.39%	up ×4
VBR	$6,597,293	3.54%	up ×5
SPDW	$6,133,134	3.29%	up ×6
SPEM	$4,938,202	2.65%	up ×6
MKL	$4,665,854	2.51%	up ×5
JEF	$4,238,851	2.28%	up ×4
ESGV	$1,861,911	1.00%	up ×3
VSGX	$381,678	0.20%	up ×3

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
MSFT	Bought more	+136	+$4.7M
AAPL	Trimmed	-928	+$1.8M
BN	Bought more	+437	-$1.4M
GOOGL	Trimmed	-1K	-$733K
L	Trimmed	-367	-$723K
MKL	Bought more	+14	-$628K
XOM	Trimmed	-182	+$492K
ASML	Bought more	+1	-$442K
JEF	Bought more	+515	-$368K
VBR	Bought more	+3	-$341K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

Security	Quarter	Shares before	Value before	Price since exit
SGOV	June 30, 2026	18,113	$1,823,255	0.0%
ITOT	Dec. 31, 2025	7,483	$1,089,899	13.1%
SU	June 30, 2026	3,759	$248,507	47.9%
SFM	Sept. 30, 2026	2,831	$239,446	-0.1%
GLD	June 30, 2026	543	$233,644
QQQ	March 31, 2026	346	$212,551	29.0%
XIFR	June 30, 2025	10,749	$102,116	15.5%
BEP	June 30, 2025	1,642	$36,382	11.9%