MAD RIVER INVESTORS Long-Term Concentrated

Location: Boston, MA

CIK: 0001384484 · Show all filings

Period: Q3 2023 (← Previous) (Next →)

Filing Date: Oct 18, 2023

Total Value: $141M (100.0% shares, 0.0% debt)

Holdings (25)

TPL TEXAS PACIFIC LAND CORPORATI 52.1%

Value $73.66M Shares 40,393 Est. Cost $117.17 Unrealized +56.4%

WPM WHEATON PRECIOUS METALS CORP 5.5%

Value $7.703M Shares 189,971 Est. Cost $20.89 Unrealized +102.3%

PBT PERMIAN BASIN RTY TR 5.0%

Value $7.134M Shares 335,730 Est. Cost $14.34 Unrealized —

MSB MESABI TR 5.0%

Value $7.131M Shares 355,310 Est. Cost $23.74 Unrealized —

CACI CACI INTL INC 4.8%

Value $6.806M Shares 21,680 Est. Cost $211.31 Unrealized +58.3%

CVEO CIVEO CORP CDA 4.8%

Value $6.747M Shares 325,489 Est. Cost $11.28 Unrealized +60.6%

FNV FRANCO NEV CORP 3.9%

Value $5.581M Shares 41,805 Est. Cost $83.61 Unrealized +65.4%

CCL CARNIVAL CORP 2.8%

Value $3.999M Shares 291,500 Est. Cost $10.36 Unrealized +60.0%

ACGP ASSOCIATED CAP GROUP INC 2.6%

Value $3.637M Shares 99,650 Est. Cost $33.44 Unrealized +2.6%

TRC TEJON RANCH CO 2.4%

Value $3.462M Shares 213,425 Est. Cost $18.93 Unrealized -10.6%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.9%

Value $2.754M Shares 7,863 Est. Cost $134.20 Unrealized +164.4%

VTI VANGUARD INDEX FDS 1.9%

Value $2.651M Shares 12,482 Est. Cost $228.35 Unrealized —

VIG VANGUARD SPECIALIZED FUNDS 1.1%

Value $1.562M Shares 10,052 Est. Cost $166.25 Unrealized —

CME CME GROUP INC 1.1%

Value $1.49M Shares 7,444 Est. Cost $121.09 Unrealized +48.8%

CBOE CBOE GLOBAL MKTS INC 1.0%

Value $1.383M Shares 8,855 Est. Cost $109.37 Unrealized +31.5%

— SANDSTORM GOLD LTD 1.0%

Value $1.364M Shares 292,615 Est. Cost $7.00 Unrealized —

ICE INTERCONTINENTAL EXCHANGE IN 0.8%

Value $1.148M Shares 10,430 Est. Cost $85.59 Unrealized +29.9%

BA BOEING CO 0.7%

Value $973K Shares 5,078 Est. Cost $154.19 Unrealized +41.9%

RLI RLI CORP 0.5%

Value $747K Shares 5,500 Est. Cost $22.65 Unrealized +172.6%

ACWX ISHARES TR 0.3%

Value $382K Shares 8,125 Est. Cost $51.15 Unrealized —

— LIBERTY MEDIA CORP DEL 0.2%

Value $293K Shares 4,698 Est. Cost $62.30 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 0.2%

Value $230K Shares 1,626 Est. Cost $154.88 Unrealized —

HHH HOWARD HUGHES HOLDINGS INC 0.2%

Value $226K Shares 3,050 Est. Cost $75.45 Unrealized 0.0%

RUM RUMBLE INC 0.1%

Value $212K Shares 41,500 Est. Cost $10.96 Unrealized -31.8%

— RENN FD INC 0.0%

Value $50,120 Shares 28,000 Est. Cost $2.54 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TPL	TEXAS PACIFIC LAND CORPORATI	40,393	$73.66M	52.1%	$117.17	+56.4%	COM	88262P102
WPM	WHEATON PRECIOUS METALS CORP	189,971	$7.703M	5.5%	$20.89	+102.3%	COM	962879102
PBT	PERMIAN BASIN RTY TR	335,730	$7.134M	5.0%	$14.34	—	UNIT BEN INT	714236106
MSB	MESABI TR	355,310	$7.131M	5.0%	$23.74	—	CTF BEN INT	590672101
CACI	CACI INTL INC	21,680	$6.806M	4.8%	$211.31	+58.3%	CL A	127190304
CVEO	CIVEO CORP CDA	325,489	$6.747M	4.8%	$11.28	+60.6%	COM NEW	17878Y207
FNV	FRANCO NEV CORP	41,805	$5.581M	3.9%	$83.61	+65.4%	COM	351858105
CCL	CARNIVAL CORP	291,500	$3.999M	2.8%	$10.36	+60.0%	COMMON STOCK	143658300
ACGP	ASSOCIATED CAP GROUP INC	99,650	$3.637M	2.6%	$33.44	+2.6%	CL A	045528106
TRC	TEJON RANCH CO	213,425	$3.462M	2.4%	$18.93	-10.6%	COM	879080109
BRK/B	BERKSHIRE HATHAWAY INC DEL	7,863	$2.754M	1.9%	$134.20	+164.4%	CL B NEW	084670702
VTI	VANGUARD INDEX FDS	12,482	$2.651M	1.9%	$228.35	—	TOTAL STK MKT	922908769
VIG	VANGUARD SPECIALIZED FUNDS	10,052	$1.562M	1.1%	$166.25	—	DIV APP ETF	921908844
CME	CME GROUP INC	7,444	$1.49M	1.1%	$121.09	+48.8%	COM	12572Q105
CBOE	CBOE GLOBAL MKTS INC	8,855	$1.383M	1.0%	$109.37	+31.5%	COM	12503M108
—	SANDSTORM GOLD LTD	292,615	$1.364M	1.0%	$7.00	—	COM NEW	80013R206
ICE	INTERCONTINENTAL EXCHANGE IN	10,430	$1.148M	0.8%	$85.59	+29.9%	COM	45866F104
BA	BOEING CO	5,078	$973K	0.7%	$154.19	+41.9%	COM	097023105
RLI	RLI CORP	5,500	$747K	0.5%	$22.65	+172.6%	COM	749607107
ACWX	ISHARES TR	8,125	$382K	0.3%	$51.15	—	MSCI ACWI EX US	464288240
—	LIBERTY MEDIA CORP DEL	4,698	$293K	0.2%	$62.30	—	COM LBTY SRM S C	531229789
RSP	INVESCO EXCHANGE TRADED FD T	1,626	$230K	0.2%	$154.88	—	S&P500 EQL WGT	46137V357
HHH	HOWARD HUGHES HOLDINGS INC	3,050	$226K	0.2%	$75.45	0.0%	COM	44267T102
RUM	RUMBLE INC	41,500	$212K	0.1%	$10.96	-31.8%	COM CL A	78137L105
—	RENN FD INC	28,000	$50,120	0.0%	$2.54	—	COM	759720105