SANTA MONICA PARTNERS LP Long-Term Concentrated

Location: Palm Beach Gardens, FL

CIK: 0000904793 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 13, 2026

Total Value: $165M (100.0% shares, 0.0% debt)

Holdings (13)

MA Mastercard Incorporated - Common Stock 35.4%

Value $58.33M Shares 102,170 Share Price $570.88 Est. Cost/Share $142.19 Unrealized @ Report Date +301.5%

— Texas Pacific Land Corp. - Common Stock 28.2%

Value $46.52M Shares 161,973 Share Price $287.22 Est. Cost/Share $371.95 Unrealized @ Report Date —

BCPC Balchem Corp. - Common Stock 10.9%

Value $17.92M Shares 116,854 Share Price $153.36 Est. Cost/Share $79.37 Unrealized @ Report Date +93.2%

BELFB Bel Fuse Inc. - Class B Common Stock 7.0%

Value $11.47M Shares 67,634 Share Price $169.63 Est. Cost/Share $25.83 Unrealized @ Report Date +556.5%

BR Broadridge Financial Solutions, Inc. - Common Stock 5.5%

Value $9.104M Shares 40,793 Share Price $223.18 Est. Cost/Share $76.08 Unrealized @ Report Date +193.3%

GRMN Garmin Ltd. - Common Stock 5.0%

Value $8.267M Shares 40,755 Share Price $202.85 Est. Cost/Share $55.41 Unrealized @ Report Date +266.1%

— Grayscale Bitcoin Trust ETF 2.7%

Value $4.439M Shares 64,932 Share Price $68.36 Est. Cost/Share $74.02 Unrealized @ Report Date —

BELFA Bel Fuse Inc. - Class A Common Stock 2.2%

Value $3.557M Shares 23,434 Share Price $151.79 Est. Cost/Share $23.04 Unrealized @ Report Date +558.7%

BRK/A Berkshire Hathaway Inc. Common Stock 1.8%

Value $3.019M Shares 4 Share Price $754750.00 Est. Cost/Share $284799.47 Unrealized @ Report Date +165.0%

LB Landbridge Company - Common Stock 0.5%

Value $882K Shares 18,000 Share Price $49.00 Est. Cost/Share $62.95 Unrealized @ Report Date -22.2%

MCB Metropolitan Bank Holding Corp. - Common Stock 0.4%

Value $596K Shares 7,811 Share Price $76.30 Est. Cost/Share $43.58 Unrealized @ Report Date +74.8%

— Grayscale Bitcoin Minitrust ETF 0.3%

Value $503K Shares 12,986 Share Price $38.73 Est. Cost/Share $41.89 Unrealized @ Report Date —

BNT Brookfield Wealth Solutions - Class A stock 0.2%

Value $318K Shares 6,904 Share Price $46.06 Est. Cost/Share $36.07 Unrealized @ Report Date +27.4%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MA	Mastercard Incorporated - Common Stock	102,170	$58.33M	35.4%	$570.88	$142.19	+301.5%	COM	57636Q104
—	Texas Pacific Land Corp. - Common Stock	161,973	$46.52M	28.2%	$287.22	$371.95	—	COM	882610108
BCPC	Balchem Corp. - Common Stock	116,854	$17.92M	10.9%	$153.36	$79.37	+93.2%	COM	057665200
BELFB	Bel Fuse Inc. - Class B Common Stock	67,634	$11.47M	7.0%	$169.63	$25.83	+556.5%	CL B	077347300
BR	Broadridge Financial Solutions, Inc. - Common Stock	40,793	$9.104M	5.5%	$223.18	$76.08	+193.3%	COM	11133T103
GRMN	Garmin Ltd. - Common Stock	40,755	$8.267M	5.0%	$202.85	$55.41	+266.1%	COM	H2906T109
—	Grayscale Bitcoin Trust ETF	64,932	$4.439M	2.7%	$68.36	$74.02	—	ETP	389930109
BELFA	Bel Fuse Inc. - Class A Common Stock	23,434	$3.557M	2.2%	$151.79	$23.04	+558.7%	CL A	077347201
BRK/A	Berkshire Hathaway Inc. Common Stock	4	$3.019M	1.8%	$754750.00	$284799.47	+165.0%	CL A	084670108
LB	Landbridge Company - Common Stock	18,000	$882K	0.5%	$49.00	$62.95	-22.2%	COM	514952100
MCB	Metropolitan Bank Holding Corp. - Common Stock	7,811	$596K	0.4%	$76.30	$43.58	+74.8%	COM	591774104
—	Grayscale Bitcoin Minitrust ETF	12,986	$503K	0.3%	$38.73	$41.89	—	ETP	389930108
BNT	Brookfield Wealth Solutions - Class A stock	6,904	$318K	0.2%	$46.06	$36.07	+27.4%	COM	G17434104