Owners/Industry and equipment
Peter J. Holt
Peter J. Holt, about 40, runs HOLT CAT, his family's Texas Caterpillar dealership, and is chairman and managing partner of the San Antonio Spurs. Forbes puts the Holt family at more than $3B; the family has led the Spurs since 1996.
The businesses in detail
| Company | What it does | Size | Role and stake |
|---|---|---|---|
| HOLT Group / HOLT CAT | Sells, rents and services Caterpillar machines, engines and generators | Described as the largest U.S. Caterpillar dealership; 26 locations (Jan 2026); revenue about $1.6B a year (2020 case study cited by Forbes); close to 2,700 staff (2018) | Chief executive and general manager since January 2018; family-owned; co-owner with his sister |
| Spurs Sports & Entertainment | Owns and runs the Spurs, the Austin Spurs and San Antonio FC; manages their venues | Spurs 2025-26: revenue $474M, operating income $171M; Forbes value $5.6B (Oct 2026) | Chairman and managing partner; family stake more than 40%, worth at least $1.7B (Forbes, June 2026) |
How the main business makes money. HOLT CAT is the Caterpillar dealer for 118 Texas counties, from the Red River to the Rio Grande. Its customers are builders, energy companies and local governments. They pay for new and used machines, rentals, parts and repairs. Sister companies include Texas First Rentals, HOLT Truck Centers, HOLT Crane & Equipment and HOLT Renewables.
Biggest deals.
- September 1987: his father, Peter M. Holt, and his grandfather bought Holt Machinery in San Antonio.
- 1996: Peter M. Holt bought 13% of the Spurs from USAA, then nearly 20% from Gaylord Properties. Local outlets put the family's 1996 outlay at $76M.
- June 2021: Sixth Street bought 20% of the Spurs and Michael Dell 10%, at a $1.8B valuation.
- 2025: the Spurs pledged at least $500M, plus all cost overruns, toward a $1.3B downtown arena.
Career path
- 1996
His father buys into the Spurs and becomes the largest shareholder
- 2011
Joins HOLT in September as a trainee
- 2016
His father retires; his mother, Julianna Hawn Holt, chairs the Spurs
- 2018
Becomes chief executive of HOLT CAT in January, with his sister as president
- 2019
Named Spurs chairman on 29 March
- 2021
Named managing partner on 18 June as Sixth Street and Michael Dell invest
- 2025
Leads the arena campaign; county voters approve funding, 52.14% to 47.86%, on 4 November
- 2026
Spurs lose the NBA Finals 4-1 to the New York Knicks
Teams and sports assets
Owns now 6
- teamSan Antonio SpursNBA · Basketball · USSince 1996 · More than 40%, held by the family · $76M reported for the 1996 purchase; stake bought not stated
- teamAustin Spurs (formerly Austin Toros)NBA G League · Basketball · USVia Spurs Sports & Entertainment
- teamSan Antonio FCUSL Championship · Soccer · USSince 2016 · Via Spurs Sports & Entertainment · Founded by the sports group
- sports businessTribe GamingEsports · USSince 2021 · Investment via the sports group; size not disclosed
- arenaFrost Bank Center (operator)NBA · Basketball · USOperated by the sports group; building owned by Bexar County
- arenaToyota Field (operator)USL Championship · Soccer · USOperated by the sports group
Agreed, not yet closed 1
- arenaNew downtown San Antonio arena (planned)NBA · Basketball · USCity to own it; Spurs to pay at least $500M plus all overruns; binding agreements not yet signed · About $1.3B estimated cost
Owned before 2
- teamSan Antonio StarsWNBA · Basketball · USSince 2003 to 2017 · Via Spurs Sports & Entertainment; sold to MGM Resorts
- teamSan Antonio RampageAHL · Ice hockey · USSince 2002 to 2020 · Via Spurs Sports & Entertainment; sold to the Vegas Golden Knights
Other investments and assets
- Companies and funds: Ironspring, an Austin venture capital firm he co-founded, backs digital industrial technology. HOLT also has a venture arm, HOLT Ventures.
- Property: He and his wife bought 604 S. Alamo St., half a mile from the planned arena, in February 2026.
- Family in the business: His sister Corinna Holt Richter is president of HOLT Group and sits on the Spurs' board.
Giving and politics
- He co-founded Early Matters San Antonio, an early-education group, and donated eight acres for a pre-kindergarten campus.
- Governor Greg Abbott appointed him to chair a task force on early childhood education and care.
- He sits on the boards of the Alamo Trust and the University of the Incarnate Word.
How they run their teams
- R.C. Buford is chief executive of the sports group. Mitch Johnson coaches the Spurs.
- In August 2025 he declined three times to accept an independent city review of team-supplied economic data, the San Antonio Report said.
- The Spurs agreed not to relocate through 2062. No binding arena agreement was found signed by 28 October 2026; the city aimed to finish the documents by the end of December 2026.
What they have said
- At HOLT CAT's 85th anniversary, he said succession planning is essential and that staff matter most.
- On becoming chairman, he said the family was humbled to carry on what his parents had built.
- In a May 2022 open letter, he told fans the family would not allow the team to relocate.
- He told the City Council the arena is about civic pride and would be paid for by visitors, not residents.
- After the county vote, he said design was only starting and declined to give dates.
Little-known facts
- He is the great-great-grandson of Benjamin Holt, who built the first practical track-type tractor in 1904.
- He started at the family firm as a trainee and rotated through every department.
- HOLT once considered moving its headquarters to Dallas before building a new one in San Antonio.
Quick answers
What is Peter J. Holt's net worth?
There is no published Forbes or Bloomberg estimate of Peter J. Holt's net worth alone. Forbes put the Holt family at more than $3B in June 2026.
What NBA team does Peter J. Holt own?
Peter J. Holt, about 40, runs HOLT CAT, his family's Texas Caterpillar dealership, and is chairman and managing partner of the San Antonio Spurs. Forbes values the San Antonio Spurs at $5.6B (October 2026).
Where does Peter J. Holt's money come from?
Forbes puts the Holt family at more than $3B; the family has led the Spurs since 1996.
How old is Peter J. Holt?
Peter J. Holt is about 40.
What other teams does Peter J. Holt own?
Besides the Spurs, Peter J. Holt's current team holdings include Austin Spurs (formerly Austin Toros) and San Antonio FC.
Open questions
- His exact birth date and birthplace were not found.
- Which stake the reported $76M bought in 1996 is not stated.
- HOLT CAT's current revenue, profit and headcount, and the siblings' ownership split, are not published.
- Whether binding arena agreements have been signed: none found by 28 October 2026.
- A Sportico report that he explored buying Mexican soccer club Querétaro FC, separately from the Spurs group, has no known outcome.