Loading portfolio…
Loading portfolio…
| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | TEXAS PACIFIC LAND CORPORATI | $4.75B | 10015379 | 51.49% |
| 2 | GRAYSCALE BITCOIN TRUST ETF | $738.9M | 14004882 | 8.00% |
| 3 | LANDBRIDGE COMPANY LLC | $390.6M | 5657134 | 4.23% |
| 4 | HAWAIIAN ELEC INDS INC MTN B | $321.1M | 21635294 | 3.48% |
| 5 | WHEATON PRECIOUS METALS CORP | $230.8M | 1761519 | 2.50% |
| 6 | WATERBRIDGE INFRASTRUCTURE L | $196.7M | 7342147 | 2.13% |
| 7 | FRANCO NEV CORP | $187.1M | 757297 | 2.03% |
| 8 | PERMIAN BASIN RTY TR | $137.3M | 6379692 | 1.49% |
| 9 | MIAMI INTL HLDGS INC | $134.3M | 3451549 | 1.46% |
| 10 | INTERCONTINENTAL EXCHANGE IN | $131.9M | 838899 | 1.43% |
| 11 | CHENIERE ENERGY INC | $119.3M | 420328 | 1.29% |
| 12 | CBOE GLOBAL MKTS INC | $115.3M | 410066 | 1.25% |
| 13 | MESABI TR | $98.9M | 3140972 | 1.07% |
| 14 | GRAYSCALE BITCOIN MINI TR ET | $90.1M | 3004416 | 0.98% |
| 15 | CACI INTL INC | $84.1M | 154648 | 0.91% |
| 16 | CME GROUP INC | $79.8M | 270253 | 0.86% |
| 17 | VIPER ENERGY INC | $78.1M | 1662641 | 0.85% |
| 18 | CAMECO CORP | $70.8M | 651825 | 0.77% |
| 19 | OR ROYALTIES INC. | $66.7M | 1754144 | 0.72% |
| 20 | BROOKFIELD CORP | $63.6M | 1571936 | 0.69% |
| 21 | CIVEO CORP CDA | $62.2M | 2352353 | 0.67% |
| 22 | AUTONATION INC | $43.9M | 225053 | 0.48% |
| 23 | BUNGE GLOBAL SA | $42.9M | 336944 | 0.46% |
| 24 | TEJON RANCH CO | $35.8M | 1902606 | 0.39% |
| 25 | HORIZON KINETICS HLDG CORP COM | $35.5M | 1075416 | 0.38% |
| 26 | ST JOE CO | $34.1M | 542609 | 0.37% |
| 27 | SAN JUAN BASIN RTY TR | $33.6M | 6978841 | 0.36% |
| 28 | ISHARES BITCOIN TRUST ETF | $30.5M | 793343 | 0.33% |
| 29 | SPROTT INC | $29.6M | 206997 | 0.32% |
| 30 | WHITE MTNS INS GROUP LTD | $28.8M | 13112 | 0.31% |
| 31 | MARSH & MCLENNAN COS INC | $26.3M | 151341 | 0.28% |
| 32 | CARNIVAL CORP | $24.8M | 957653 | 0.27% |
| 33 | LIVE NATION ENTERTAINMENT IN | $24.0M | 157169 | 0.26% |
| 34 | DORCHESTER MINERALS L P | $23.3M | 860226 | 0.25% |
| 35 | GALAXY DIGITAL INC. | $23.1M | 1250969 | 0.25% |
| 36 | PENSKE AUTOMOTIVE GRP INC | $21.3M | 142507 | 0.23% |
| 37 | BERKSHIRE HATHAWAY INC DEL | $18.2M | 38033 | 0.20% |
| 38 | RB GLOBAL INC | $17.9M | 186731 | 0.19% |
| 39 | STRATEGY INC | $17.4M | 139253 | 0.19% |
| 40 | OSHKOSH CORP | $17.0M | 115789 | 0.18% |
| 41 | VANGUARD BD INDEX FDS | $16.9M | 339054 | 0.18% |
| 42 | ROYALTY PHARMA PLC | $16.3M | 340783 | 0.18% |
| 43 | DIGITALBRIDGE GROUP INC | $14.5M | 939380 | 0.16% |
| 44 | TRIPLE FLAG PRECIOUS METAL | $14.3M | 413430 | 0.16% |
| 45 | ROYAL CARIBBEAN GROUP | $14.2M | 51698 | 0.15% |
| 46 | INTERPARFUMS INC | $12.6M | 138333 | 0.14% |
| 47 | HOWARD HUGHES HOLDINGS INC | $12.4M | 196410 | 0.13% |
| 48 | ROYAL GOLD INC | $12.0M | 47142 | 0.13% |
| 49 | WILLIAMS COS INC | $10.1M | 138301 | 0.11% |
| 50 | MASTERCARD INCORPORATED | $9.8M | 19516 | 0.11% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.