MAD RIVER INVESTORS Long-Term Concentrated

Location: Boston, MA

CIK: 0001384484 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: May 4, 2023

Total Value: $142M (100.0% shares, 0.0% debt)

Holdings (23)

TPL TEXAS PACIFIC LAND CORPORATI 51.6%

Value $73.14M Shares 42,995 Est. Cost $117.17 Unrealized +71.9%

WPM WHEATON PRECIOUS METALS CORP 6.2%

Value $8.789M Shares 182,502 Est. Cost $19.78 Unrealized +115.0%

MSB MESABI TR 6.1%

Value $8.651M Shares 343,575 Est. Cost $23.87 Unrealized —

PBT PERMIAN BASIN RTY TR 5.7%

Value $8.107M Shares 332,247 Est. Cost $14.34 Unrealized —

CACI CACI INTL INC 5.0%

Value $7.068M Shares 23,855 Est. Cost $211.31 Unrealized +39.5%

CVEO CIVEO CORP CDA 5.0%

Value $7.062M Shares 341,979 Est. Cost $11.28 Unrealized +134.9%

FNV FRANCO NEV CORP 4.3%

Value $6.131M Shares 42,053 Est. Cost $83.61 Unrealized +62.3%

TRC TEJON RANCH CO 3.0%

Value $4.215M Shares 230,725 Est. Cost $18.93 Unrealized +1.5%

ACGP ASSOCIATED CAP GROUP INC 2.8%

Value $4.023M Shares 108,875 Est. Cost $33.44 Unrealized +4.6%

CCL CARNIVAL CORP 2.2%

Value $3.135M Shares 308,900 Est. Cost $10.36 Unrealized 0.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.8%

Value $2.505M Shares 8,113 Est. Cost $134.20 Unrealized +129.6%

— SANDSTORM GOLD LTD 1.1%

Value $1.604M Shares 276,133 Est. Cost $7.08 Unrealized —

CME CME GROUP INC 1.1%

Value $1.529M Shares 7,984 Est. Cost $121.09 Unrealized +33.8%

CBOE CBOE GLOBAL MKTS INC 0.8%

Value $1.202M Shares 8,955 Est. Cost $109.37 Unrealized +11.3%

BA BOEING CO 0.8%

Value $1.096M Shares 5,160 Est. Cost $154.19 Unrealized +34.8%

ICE INTERCONTINENTAL EXCHANGE IN 0.8%

Value $1.077M Shares 10,330 Est. Cost $85.59 Unrealized +17.1%

RLI RLI CORP 0.5%

Value $731K Shares 5,500 Est. Cost $22.65 Unrealized +167.2%

— HOWARD HUGHES CORP 0.3%

Value $442K Shares 5,525 Est. Cost $112.27 Unrealized —

— LIBERTY MEDIA CORP DEL 0.3%

Value $429K Shares 5,728 Est. Cost $23.12 Unrealized —

RUM RUMBLE INC 0.3%

Value $422K Shares 42,200 Est. Cost $10.96 Unrealized -17.8%

DIS DISNEY WALT CO 0.2%

Value $240K Shares 2,400 Est. Cost $99.73 Unrealized -1.2%

EBAY EBAY INC. 0.1%

Value $209K Shares 4,700 Est. Cost $57.72 Unrealized -24.9%

— RENN FD INC 0.0%

Value $49,000 Shares 28,000 Est. Cost $2.54 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TPL	TEXAS PACIFIC LAND CORPORATI	42,995	$73.14M	51.6%	$117.17	+71.9%	COM	88262P102
WPM	WHEATON PRECIOUS METALS CORP	182,502	$8.789M	6.2%	$19.78	+115.0%	COM	962879102
MSB	MESABI TR	343,575	$8.651M	6.1%	$23.87	—	CTF BEN INT	590672101
PBT	PERMIAN BASIN RTY TR	332,247	$8.107M	5.7%	$14.34	—	UNIT BEN INT	714236106
CACI	CACI INTL INC	23,855	$7.068M	5.0%	$211.31	+39.5%	CL A	127190304
CVEO	CIVEO CORP CDA	341,979	$7.062M	5.0%	$11.28	+134.9%	COM NEW	17878Y207
FNV	FRANCO NEV CORP	42,053	$6.131M	4.3%	$83.61	+62.3%	COM	351858105
TRC	TEJON RANCH CO	230,725	$4.215M	3.0%	$18.93	+1.5%	COM	879080109
ACGP	ASSOCIATED CAP GROUP INC	108,875	$4.023M	2.8%	$33.44	+4.6%	CL A	045528106
CCL	CARNIVAL CORP	308,900	$3.135M	2.2%	$10.36	0.0%	COMMON STOCK	143658300
BRK/B	BERKSHIRE HATHAWAY INC DEL	8,113	$2.505M	1.8%	$134.20	+129.6%	CL B NEW	084670702
—	SANDSTORM GOLD LTD	276,133	$1.604M	1.1%	$7.08	—	COM NEW	80013R206
CME	CME GROUP INC	7,984	$1.529M	1.1%	$121.09	+33.8%	COM	12572Q105
CBOE	CBOE GLOBAL MKTS INC	8,955	$1.202M	0.8%	$109.37	+11.3%	COM	12503M108
BA	BOEING CO	5,160	$1.096M	0.8%	$154.19	+34.8%	COM	097023105
ICE	INTERCONTINENTAL EXCHANGE IN	10,330	$1.077M	0.8%	$85.59	+17.1%	COM	45866F104
RLI	RLI CORP	5,500	$731K	0.5%	$22.65	+167.2%	COM	749607107
—	HOWARD HUGHES CORP	5,525	$442K	0.3%	$112.27	—	COM	44267D107
—	LIBERTY MEDIA CORP DEL	5,728	$429K	0.3%	$23.12	—	COM SER C FRMLA	531229854
RUM	RUMBLE INC	42,200	$422K	0.3%	$10.96	-17.8%	COM CL A	78137L105
DIS	DISNEY WALT CO	2,400	$240K	0.2%	$99.73	-1.2%	COM	254687106
EBAY	EBAY INC.	4,700	$209K	0.1%	$57.72	-24.9%	COM	278642103
—	RENN FD INC	28,000	$49,000	0.0%	$2.54	—	COM	759720105