LANDBRIDGE COMPANY LLC

Ticker: LB CUSIP: 514952100 Class: CL A

MAD RIVER INVESTORS's Holding History (CIK: 0001384484)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 262,934 Value ($000) $12,881 Avg Close $58.15 Range $48.10 - $85.60

Q3 2025

Shares 241,056 Value ($000) $12,860 Avg Close $55.15 Range $48.55 - $68.30

Q2 2025

Shares 234,754 Value ($000) $15,865 Avg Close $72.05 Range $54.54 - $87.60

Q1 2025

Shares 234,253 Value ($000) $16,852 Avg Close $70.75 Range $58.77 - $84.70

Q4 2024

Shares 233,452 Value ($000) $15,081 Avg Close $60.07 Range $38.71 - $80.82

Q3 2024

Shares 232,550 Value ($000) $9,097 Avg Close $33.65 Range $21.00 - $45.97

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	262,934	$12,881	$58.15	$48.10 - $85.60
Q3 2025	241,056	$12,860	$55.15	$48.55 - $68.30
Q2 2025	234,754	$15,865	$72.05	$54.54 - $87.60
Q1 2025	234,253	$16,852	$70.75	$58.77 - $84.70
Q4 2024	233,452	$15,081	$60.07	$38.71 - $80.82
Q3 2024	232,550	$9,097	$33.65	$21.00 - $45.97