Flagstone Financial Management

13F filer · CIK 0001968890

Reported Jul 21, 2026

Net buyer this quarter

13F portfolio value$447MU.S. long equity reported on 13F

Positions396 new · 0 closed

Net flow last quarter+$1.52MBuys minus sells

Top 10 positions weight4.3%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2026Reported Jul 21, 202639 positions
BRK.BBerkshire Hathaway Inc	$6.05M	1.35%	Not reported	-0.2%	Q4 2022
AAPLApple Inc.	$3.32M	0.74%	0.00%	-1.5%	Q4 2022
JPMJPMorgan Chase & Co	$2.19M	0.49%	0.00%	Not reported	Q4 2022
MSFTMicrosoft Corp	$1.9M	0.43%	0.00%	+0.5%	Q4 2022
USBUS Bancorp \de\	$1.43M	0.32%	0.00%	-3.4%	Q4 2022
NVDANvidia Corp	$1.01M	0.23%	0.00%	+0.1%	Q4 2022
GOOGAlphabet Inc.	$972K	0.22%	Not reported	-6.8%	Q4 2022
XOMExxonMobil Holdings Corp	$893K	0.20%	0.00%	-4.2%	Q4 2022
WFCWells Fargo & Company	$888K	0.20%	0.00%	+0.1%	Q4 2022
BRK.ABerkshire Hathaway Inc	$749K	0.17%	Not reported	Not reported	Q4 2022
DEDeere & Co	$655K	0.15%	0.00%	Not reported	Q3 2024
AMZNAmazon Com Inc	$610K	0.14%	0.00%	+19.0%	Q2 2024
MAMastercard Inc	$586K	0.13%	0.00%	Not reported	Q3 2024
MKLMarkel Group Inc.	$551K	0.12%	0.00%	+11.0%	Q4 2022
JNJJohnson & Johnson	$484K	0.11%	0.00%	-1.6%	Q3 2025
ORCLOracle Corp	$480K	0.11%	0.00%	Not reported	Q4 2025
PEPPepsico Inc	$460K	0.10%	0.00%	Not reported	Q4 2022
CSCOCisco Systems, Inc.	$417K	0.09%	0.00%	Not reported	Q1 2026
QQQInvesco QQQ Trust, Series 1	$386K	0.09%	Not reported	-2.2%	Q4 2025
ELSEquity Lifestyle Properties Inc	$366K	0.08%	0.00%	Not reported	Q4 2025
AMATApplied Materials Inc	$361K	0.08%	0.00%	New	Q2 2026
GOOGLAlphabet Inc.	$353K	0.08%	0.00%	Not reported	Q3 2025
STXSeagate Technology Holdings plc	$352K	0.08%	0.00%	New	Q2 2026
BOCBOSTON OMAHA Corp	$338K	0.08%	0.08%	+2.3%	Q3 2024
ROKRockwell Automation, Inc	$337K	0.08%	0.00%	Not reported	Q4 2022
WMTWalmart Inc.	$311K	0.07%	0.00%	Not reported	Q3 2024
UNPUnion Pacific Corp	$297K	0.07%	0.00%	Not reported	Q4 2022
VZVerizon Communications Inc	$280K	0.06%	0.00%	+0.2%	Q1 2026
BACBank of America Corp	$276K	0.06%	0.00%	Not reported	Q4 2024
ETNEaton Corp plc	$272K	0.06%	0.00%	-3.8%	Q3 2024
VLOValero Energy Corp	$260K	0.06%	0.00%	Not reported	Q1 2026
SPYSPDR S&P 500 ETF Trust	$252K	0.06%	Not reported	Not reported	Q2 2025
PMPhilip Morris International Inc.	$235K	0.05%	0.00%	Not reported	Q1 2026
PANWPalo Alto Networks Inc	$228K	0.05%	0.00%	New	Q2 2026
VVisa Inc.	$222K	0.05%	0.00%	New	Q2 2026
GILDGilead Sciences, Inc.	$219K	0.05%	0.00%	Not reported	Q1 2026
DDominion Energy, Inc	$219K	0.05%	0.00%	New	Q2 2026
CATCaterpillar Inc	$213K	0.05%	0.00%	New	Q2 2026
NEENextera Energy Inc	$205K	0.05%	0.00%	Not reported	Q1 2026
Q1 2026Reported Apr 27, 202633 positions
BRK.BBerkshire Hathaway Inc	$5.81M	1.44%	Not reported	-0.6%	Q4 2022
AAPLApple Inc.	$2.96M	0.73%	0.00%	+0.7%	Q4 2022
JPMJPMorgan Chase & Co	$1.97M	0.49%	0.00%	+89.0%	Q4 2022
MSFTMicrosoft Corp	$1.88M	0.47%	0.00%	-1.5%	Q4 2022
USBUS Bancorp \de\	$1.28M	0.32%	0.00%	0.0%	Q4 2022
XOMExxonMobil Holdings Corp	$1.16M	0.29%	0.00%	+2.1%	Q4 2022
NVDANvidia Corp	$879K	0.22%	0.00%	Not reported	Q4 2022
WFCWells Fargo & Company	$855K	0.21%	0.00%	-9.4%	Q4 2022
GOOGAlphabet Inc.	$847K	0.21%	Not reported	+2.6%	Q4 2022
BRK.ABerkshire Hathaway Inc	$718K	0.18%	Not reported	Not reported	Q4 2022
DEDeere & Co	$581K	0.14%	0.00%	Not reported	Q3 2024
MAMastercard Inc	$570K	0.14%	0.00%	+4.6%	Q3 2024
PEPPepsico Inc	$528K	0.13%	0.00%	+70.0%	Q4 2022
MKLMarkel Group Inc.	$486K	0.12%	0.00%	Not reported	Q4 2022
ORCLOracle Corp	$482K	0.12%	0.00%	+156.7%	Q4 2025
JNJJohnson & Johnson	$473K	0.12%	0.00%	+6.9%	Q3 2025
AMZNAmazon Com Inc	$448K	0.11%	0.00%	+46.4%	Q2 2024
ELSEquity Lifestyle Properties Inc	$354K	0.09%	0.00%	-6.4%	Q4 2025
WMTWalmart Inc.	$341K	0.08%	0.00%	Not reported	Q3 2024
VZVerizon Communications Inc	$332K	0.08%	0.00%	New	Q1 2026
QQQInvesco QQQ Trust, Series 1	$309K	0.08%	Not reported	-2.9%	Q4 2025
GOOGLAlphabet Inc.	$284K	0.07%	0.00%	Not reported	Q3 2025
BOCBOSTON OMAHA Corp	$283K	0.07%	0.08%	Not reported	Q3 2024
CSCOCisco Systems, Inc.	$276K	0.07%	0.00%	New	Q1 2026
UNPUnion Pacific Corp	$265K	0.07%	0.00%	Not reported	Q4 2022
VLOValero Energy Corp	$247K	0.06%	0.00%	New	Q1 2026
ROKRockwell Automation, Inc	$244K	0.06%	0.00%	Not reported	Q4 2022
GILDGilead Sciences, Inc.	$242K	0.06%	0.00%	New	Q1 2026
ETNEaton Corp plc	$237K	0.06%	0.00%	Not reported	Q3 2024
BACBank of America Corp	$236K	0.06%	0.00%	-24.9%	Q4 2024
SPYSPDR S&P 500 ETF Trust	$219K	0.05%	Not reported	Not reported	Q2 2025
NEENextera Energy Inc	$217K	0.05%	0.00%	New	Q1 2026
PMPhilip Morris International Inc.	$215K	0.05%	0.00%	New	Q1 2026
Q4 2025Reported Feb 9, 202628 positions
BRK.BBerkshire Hathaway Inc	$6.13M	1.57%	Not reported	-0.9%	Q4 2022
AAPLApple Inc.	$3.15M	0.81%	0.00%	-3.6%	Q4 2022
MSFTMicrosoft Corp	$2.49M	0.64%	0.00%	-1.6%	Q4 2022
USBUS Bancorp \de\	$1.31M	0.34%	0.00%	-0.5%	Q4 2022
JPMJPMorgan Chase & Co	$1.14M	0.29%	0.00%	-6.3%	Q4 2022
WFCWells Fargo & Company	$1.1M	0.28%	0.00%	+5.2%	Q4 2022
NVDANvidia Corp	$939K	0.24%	0.00%	+0.6%	Q4 2022
GOOGAlphabet Inc.	$903K	0.23%	Not reported	Not reported	Q4 2022
XOMExxonMobil Holdings Corp	$804K	0.21%	0.00%	Not reported	Q4 2022
BRK.ABerkshire Hathaway Inc	$755K	0.19%	Not reported	Not reported	Q4 2022
MAMastercard Inc	$622K	0.16%	0.00%	+0.5%	Q3 2024
MKLMarkel Group Inc.	$546K	0.14%	0.00%	Not reported	Q4 2022
DEDeere & Co	$481K	0.12%	0.00%	-5.9%	Q3 2024
JNJJohnson & Johnson	$375K	0.10%	0.00%	+63.2%	Q3 2025
ELSEquity Lifestyle Properties Inc	$368K	0.09%	0.00%	New	Q4 2025
BACBank of America Corp	$354K	0.09%	0.00%	+33.1%	Q4 2024
QQQInvesco QQQ Trust, Series 1	$339K	0.09%	Not reported	New	Q4 2025
AMZNAmazon Com Inc	$339K	0.09%	0.00%	+15.8%	Q2 2024
GOOGLAlphabet Inc.	$309K	0.08%	0.00%	Not reported	Q3 2025
WMTWalmart Inc.	$306K	0.08%	0.00%	Not reported	Q3 2024
BOCBOSTON OMAHA Corp	$300K	0.08%	0.08%	+7.6%	Q3 2024
PEPPepsico Inc	$287K	0.07%	0.00%	Not reported	Q4 2022
ROKRockwell Automation, Inc	$265K	0.07%	0.00%	+7.9%	Q4 2022
UNPUnion Pacific Corp	$253K	0.06%	0.00%	Not reported	Q4 2022
ORCLOracle Corp	$249K	0.06%	0.00%	New	Q4 2025
SHOPShopify Inc.	$238K	0.06%	0.00%	Not reported	Q3 2025
SPYSPDR S&P 500 ETF Trust	$230K	0.06%	Not reported	Not reported	Q2 2025
ETNEaton Corp plc	$211K	0.05%	0.00%	Not reported	Q3 2024
Q3 2025Reported Oct 31, 202524 positions
BRK.BBerkshire Hathaway Inc	$6.19M	1.63%	Not reported	0.0%	Q4 2022
AAPLApple Inc.	$3.06M	0.81%	0.00%	-1.6%	Q4 2022
MSFTMicrosoft Corp	$2.71M	0.72%	0.00%	-4.1%	Q4 2022
JPMJPMorgan Chase & Co	$1.19M	0.31%	0.00%	Not reported	Q4 2022
USBUS Bancorp \de\	$1.19M	0.31%	0.00%	0.0%	Q4 2022
WFCWells Fargo & Company	$944K	0.25%	0.00%	+0.1%	Q4 2022
NVDANvidia Corp	$934K	0.25%	0.00%	+1.5%	Q4 2022
BRK.ABerkshire Hathaway Inc	$754K	0.20%	Not reported	Not reported	Q4 2022
XOMExxonMobil Holdings Corp	$753K	0.20%	0.00%	Not reported	Q4 2022
GOOGAlphabet Inc.	$701K	0.18%	Not reported	Not reported	Q4 2022
MAMastercard Inc	$617K	0.16%	0.00%	Not reported	Q3 2024
DEDeere & Co	$502K	0.13%	0.00%	Not reported	Q3 2024
MKLMarkel Group Inc.	$485K	0.13%	0.00%	Not reported	Q4 2022
BOCBOSTON OMAHA Corp	$294K	0.08%	0.07%	+27.8%	Q3 2024
WMTWalmart Inc.	$283K	0.07%	0.00%	Not reported	Q3 2024
AMZNAmazon Com Inc	$279K	0.07%	0.00%	Not reported	Q2 2024
UNPUnion Pacific Corp	$258K	0.07%	0.00%	Not reported	Q4 2022
BACBank of America Corp	$249K	0.07%	0.00%	Not reported	Q4 2024
ETNEaton Corp plc	$249K	0.07%	0.00%	Not reported	Q3 2024
GOOGLAlphabet Inc.	$240K	0.06%	0.00%	New	Q3 2025
SPYSPDR S&P 500 ETF Trust	$225K	0.06%	Not reported	Not reported	Q2 2025
ROKRockwell Automation, Inc	$221K	0.06%	0.00%	Not reported	Q4 2022
SHOPShopify Inc.	$220K	0.06%	0.00%	New	Q3 2025
JNJJohnson & Johnson	$206K	0.05%	0.00%	New	Q3 2025

Premium opens every quarter this fund has filed