SANTA MONICA PARTNERS LP Long-Term Concentrated

Location: Palm Beach Gardens, FL

CIK: 0000904793 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 12, 2025

Total Value: $170M (100.0% shares, 0.0% debt)

Holdings (13)

MA Mastercard Incorporated - Common Stock 34.1%

Value $58.12M Shares 102,170 Share Price $568.81 Est. Cost/Share $142.19 Unrealized @ Report Date +299.5%

— Texas Pacific Land Corp. - Common Stock 29.6%

Value $50.41M Shares 53,991 Share Price $933.64 Est. Cost/Share $541.41 Unrealized @ Report Date —

BCPC Balchem Corp. - Common Stock 10.6%

Value $18.01M Shares 120,014 Share Price $150.06 Est. Cost/Share $79.37 Unrealized @ Report Date +87.9%

GRMN Garmin Ltd. - Common Stock 5.9%

Value $10.04M Shares 40,755 Share Price $246.23 Est. Cost/Share $55.41 Unrealized @ Report Date +342.5%

BR Broadridge Financial Solutions, Inc. - Common Stock 5.7%

Value $9.716M Shares 40,793 Share Price $238.18 Est. Cost/Share $76.08 Unrealized @ Report Date +211.7%

BELFB Bel Fuse Inc. - Class B Common Stock 5.6%

Value $9.538M Shares 67,634 Share Price $141.02 Est. Cost/Share $25.83 Unrealized @ Report Date +445.5%

— Grayscale Bitcoin Trust ETF 3.4%

Value $5.829M Shares 64,932 Share Price $89.77 Est. Cost/Share $74.02 Unrealized @ Report Date —

BRK/A Berkshire Hathaway Inc. Common Stock 1.8%

Value $3.017M Shares 4 Share Price $754250.00 Est. Cost/Share $284799.47 Unrealized @ Report Date +164.8%

BELFA Bel Fuse Inc. - Class A Common Stock 1.6%

Value $2.727M Shares 23,434 Share Price $116.37 Est. Cost/Share $23.04 Unrealized @ Report Date +404.6%

LB Landbridge Company - Common Stock 0.9%

Value $1.494M Shares 28,000 Share Price $53.36 Est. Cost/Share $62.95 Unrealized @ Report Date -15.2%

— Grayscale Bitcoin Minitrust ETF 0.4%

Value $657K Shares 12,986 Share Price $50.59 Est. Cost/Share $41.89 Unrealized @ Report Date —

MCB Metropolitan Bank Holding Corp. - Common Stock 0.3%

Value $584K Shares 7,811 Share Price $74.77 Est. Cost/Share $43.58 Unrealized @ Report Date +70.9%

BNT Brookfield Wealth Solutions - Class A stock 0.2%

Value $315K Shares 4,603 Share Price $68.43 * Est. Cost/Share $31.31 Unrealized @ Report Date +45.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MA	Mastercard Incorporated - Common Stock	102,170	$58.12M	34.1%	$568.81	$142.19	+299.5%	COM	57636Q104
—	Texas Pacific Land Corp. - Common Stock	53,991	$50.41M	29.6%	$933.64	$541.41	—	COM	882610108
BCPC	Balchem Corp. - Common Stock	120,014	$18.01M	10.6%	$150.06	$79.37	+87.9%	COM	057665200
GRMN	Garmin Ltd. - Common Stock	40,755	$10.04M	5.9%	$246.23	$55.41	+342.5%	COM	H2906T109
BR	Broadridge Financial Solutions, Inc. - Common Stock	40,793	$9.716M	5.7%	$238.18	$76.08	+211.7%	COM	11133T103
BELFB	Bel Fuse Inc. - Class B Common Stock	67,634	$9.538M	5.6%	$141.02	$25.83	+445.5%	CL B	077347300
—	Grayscale Bitcoin Trust ETF	64,932	$5.829M	3.4%	$89.77	$74.02	—	ETP	389930109
BRK/A	Berkshire Hathaway Inc. Common Stock	4	$3.017M	1.8%	$754250.00	$284799.47	+164.8%	CL A	084670108
BELFA	Bel Fuse Inc. - Class A Common Stock	23,434	$2.727M	1.6%	$116.37	$23.04	+404.6%	CL A	077347201
LB	Landbridge Company - Common Stock	28,000	$1.494M	0.9%	$53.36	$62.95	-15.2%	COM	514952100
—	Grayscale Bitcoin Minitrust ETF	12,986	$657K	0.4%	$50.59	$41.89	—	ETP	389930108
MCB	Metropolitan Bank Holding Corp. - Common Stock	7,811	$584K	0.3%	$74.77	$43.58	+70.9%	COM	591774104
BNT	Brookfield Wealth Solutions - Class A stock	4,603	$315K	0.2%	$68.43 *	$31.31	+45.8%	COM	G17434104