MAD RIVER INVESTORS Long-Term Concentrated

CIK: 0001384484 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Jan 16, 2025

Total Value ($000): $215,203 (100.0% shares, 0.0% debt)

Holdings (26)

TPL TEXAS PACIFIC LAND CORPORATI 49.3%

Value ($000) $106,103 Shares 95,938 Est. Cost $150.53 Unrealized +169.7%

GBTC GRAYSCALE BITCOIN TRUST ETF 13.3%

Value ($000) $28,557 Shares 385,806 Est. Cost $60.50 Unrealized —

LB LANDBRIDGE COMPANY LLC 7.0%

Value ($000) $15,081 Shares 233,452 Est. Cost $33.65 Unrealized +78.5%

WPM WHEATON PRECIOUS METALS CORP 3.9%

Value ($000) $8,295 Shares 147,493 Est. Cost $20.89 Unrealized +194.8%

MSB MESABI TR 3.9%

Value ($000) $8,290 Shares 294,901 Est. Cost $19.25 Unrealized —

CACI CACI INTL INC 3.1%

Value ($000) $6,590 Shares 16,310 Est. Cost $211.31 Unrealized +130.6%

FBTC FIDELITY WISE ORIGIN BITCOIN 2.9%

Value ($000) $6,224 Shares 76,298 Est. Cost $62.06 Unrealized —

CVEO CIVEO CORP CDA 2.3%

Value ($000) $4,925 Shares 216,766 Est. Cost $11.28 Unrealized +118.5%

CCL CARNIVAL CORP 2.2%

Value ($000) $4,807 Shares 192,896 Est. Cost $10.36 Unrealized +126.0%

FNV FRANCO NEV CORP 1.8%

Value ($000) $3,804 Shares 32,351 Est. Cost $83.61 Unrealized +46.9%

VTI VANGUARD INDEX FDS 1.6%

Value ($000) $3,513 Shares 12,122 Est. Cost $228.35 Unrealized —

BTC GRAYSCALE BITCOIN MINI TR ET 1.5%

Value ($000) $3,269 Shares 78,086 Est. Cost $41.87 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 1.4%

Value ($000) $3,048 Shares 6,725 Est. Cost $134.20 Unrealized +244.1%

PBT PERMIAN BASIN RTY TR 1.3%

Value ($000) $2,729 Shares 246,293 Est. Cost $14.10 Unrealized —

VIG VANGUARD SPECIALIZED FUNDS 0.8%

Value ($000) $1,775 Shares 9,065 Est. Cost $166.25 Unrealized —

EXP EAGLE MATLS INC 0.6%

Value ($000) $1,326 Shares 5,376 Est. Cost $234.27 Unrealized +22.5%

CBOE CBOE GLOBAL MKTS INC 0.6%

Value ($000) $1,212 Shares 6,205 Est. Cost $113.90 Unrealized +79.4%

HE HAWAIIAN ELEC INDUSTRIES 0.5%

Value ($000) $1,171 Shares 120,300 Est. Cost $10.11 Unrealized 0.0%

ICE INTERCONTINENTAL EXCHANGE IN 0.5%

Value ($000) $1,113 Shares 7,470 Est. Cost $85.59 Unrealized +82.5%

— SANDSTORM GOLD LTD 0.5%

Value ($000) $1,022 Shares 183,099 Est. Cost $6.97 Unrealized —

RLI RLI CORP 0.4%

Value ($000) $907 Shares 5,500 Est. Cost $22.65 Unrealized +246.4%

TRC TEJON RANCH CO 0.2%

Value ($000) $442 Shares 27,799 Est. Cost $18.93 Unrealized -14.7%

ACWX ISHARES TR 0.2%

Value ($000) $404 Shares 7,747 Est. Cost $51.15 Unrealized —

DIS DISNEY WALT CO 0.1%

Value ($000) $267 Shares 2,400 Est. Cost $86.20 Unrealized +20.1%

RSP INVESCO EXCHANGE TRADED FD T 0.1%

Value ($000) $264 Shares 1,508 Est. Cost $154.88 Unrealized —

— RENN FD INC 0.0%

Value ($000) $62 Shares 28,000 Est. Cost $2.54 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TPL	TEXAS PACIFIC LAND CORPORATI	95,938	$106,103	49.3%	$150.53	+169.7%	COM	88262P102
GBTC	GRAYSCALE BITCOIN TRUST ETF	385,806	$28,557	13.3%	$60.50	—	SHS REP COM UT	389637109
LB	LANDBRIDGE COMPANY LLC	233,452	$15,081	7.0%	$33.65	+78.5%	CL A	514952100
WPM	WHEATON PRECIOUS METALS CORP	147,493	$8,295	3.9%	$20.89	+194.8%	COM	962879102
MSB	MESABI TR	294,901	$8,290	3.9%	$19.25	—	CTF BEN INT	590672101
CACI	CACI INTL INC	16,310	$6,590	3.1%	$211.31	+130.6%	CL A	127190304
FBTC	FIDELITY WISE ORIGIN BITCOIN	76,298	$6,224	2.9%	$62.06	—	SHS	315948109
CVEO	CIVEO CORP CDA	216,766	$4,925	2.3%	$11.28	+118.5%	COM NEW	17878Y207
CCL	CARNIVAL CORP	192,896	$4,807	2.2%	$10.36	+126.0%	UNIT 99/99/9999	143658300
FNV	FRANCO NEV CORP	32,351	$3,804	1.8%	$83.61	+46.9%	COM	351858105
VTI	VANGUARD INDEX FDS	12,122	$3,513	1.6%	$228.35	—	TOTAL STK MKT	922908769
BTC	GRAYSCALE BITCOIN MINI TR ET	78,086	$3,269	1.5%	$41.87	—	SHS NEW	389930207
BRK/B	BERKSHIRE HATHAWAY INC DEL	6,725	$3,048	1.4%	$134.20	+244.1%	CL B NEW	084670702
PBT	PERMIAN BASIN RTY TR	246,293	$2,729	1.3%	$14.10	—	UNIT BEN INT	714236106
VIG	VANGUARD SPECIALIZED FUNDS	9,065	$1,775	0.8%	$166.25	—	DIV APP ETF	921908844
EXP	EAGLE MATLS INC	5,376	$1,326	0.6%	$234.27	+22.5%	COM	26969P108
CBOE	CBOE GLOBAL MKTS INC	6,205	$1,212	0.6%	$113.90	+79.4%	COM	12503M108
HE	HAWAIIAN ELEC INDUSTRIES	120,300	$1,171	0.5%	$10.11	0.0%	COM	419870100
ICE	INTERCONTINENTAL EXCHANGE IN	7,470	$1,113	0.5%	$85.59	+82.5%	COM	45866F104
—	SANDSTORM GOLD LTD	183,099	$1,022	0.5%	$6.97	—	COM NEW	80013R206
RLI	RLI CORP	5,500	$907	0.4%	$22.65	+246.4%	COM	749607107
TRC	TEJON RANCH CO	27,799	$442	0.2%	$18.93	-14.7%	COM	879080109
ACWX	ISHARES TR	7,747	$404	0.2%	$51.15	—	MSCI ACWI EX US	464288240
DIS	DISNEY WALT CO	2,400	$267	0.1%	$86.20	+20.1%	COM	254687106
RSP	INVESCO EXCHANGE TRADED FD T	1,508	$264	0.1%	$154.88	—	S&P500 EQL WGT	46137V357
—	RENN FD INC	28,000	$62	0.0%	$2.54	—	COM	759720105