Ludwig Portfolio

Business Interests

Detailed view of all business holdings and investments

Total Value

$1,200,668

Across 8 entities

Total Cost Basis

$203,915

Original investment

Unrealized Gain

$996,753

488.8% return

Active Entities

8

6 types

AEA HOG Investments, LLLP
Agricultural
Agricultural Investment, 13,200 head hog facility

Current Value

$83,021

Ownership

3.92%

Cost Basis

$75,000

Gain/Loss

+$8,021

+10.7%

DHC1 LLC
Development
192 acres + house at 4300 Cumming - Development property

Current Value

$114,137

Ownership

2.50%

Cost Basis

$60,000

Gain/Loss

+$54,137

+90.2%

EIN: 32-0485028
DHC2 LLC
Rental
4500 Cumming Ave - House rental property (K1 Required)

Current Value

$33,171

Ownership

33.33%

Cost Basis

N/A

Gain/Loss

N/A

EIN: 30-0895882
Ground Breaker Homes LLC
Construction
Construction/Development

Current Value

$630,000

Ownership

20.00%

Cost Basis

N/A

Gain/Loss

N/A

EIN: 27-3926853
Peoples Company Stock
Stock
610 shares at $370.64/share

Current Value

$226,090

Ownership

100.00%

Cost Basis

N/A

Gain/Loss

N/A

RK Middlebrook LLC
Investment
20%: Kurt and Kalen Ludwig, 80%: Ron and Janeen Eastwood. Invests in PC Middlebrook LLC

Current Value

$20,000

Ownership

20.00%

Cost Basis

$20,000

Gain/Loss

N/A

EIN: 99-4377860
Sauk Farm, LLC
Agricultural
Wetland mitigation banking investment converting farmland into wetlands, allowing developers to buy environmental credits needed to offset development impacts

Current Value

$4,249

Ownership

1.67%

Cost Basis

$5,000

Gain/Loss

-$751

-15.0%

Williams Farm
Agricultural
Debt as of 9/12/25: $501,962

Current Value

$90,000

Ownership

20.00%

Cost Basis

$43,915

Gain/Loss

+$46,085

+104.9%