MRI

Mad River Investors Portfolio holdings

AUM $219M
1-Year Est. Return 9.22%
This Fund
S&P 500
This Quarter Est. Return
1 Year Est. Return
+9.22%
3 Year Est. Return
5 Year Est. Return
10 Year Est. Return
AUM
$219M
AUM Growth
-$13.9M
Cap. Flow
Cap. Flow %
Top 10 Hldgs %
Holding
38
New
Increased
Reduced
Closed

Top Buys

1
+$1.27M
2
+$1.16M
3
+$625K
4
TPL icon
Texas Pacific Land
TPL
+$540K
5
RGLD icon
Royal Gold
RGLD
+$527K

Top Sells

1
+$533K
2
+$261K
3
+$218K
4
CRM icon
Salesforce
CRM
+$213K
5
GLPI icon
Gaming and Leisure Properties
GLPI
+$212K

Sector Composition

1 Energy 53.29%
2 Materials 12.93%
3 Utilities 7.2%
4 Financials 3.96%
5 Consumer Discretionary 2.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TPL icon
1
Texas Pacific Land
TPL
$36.1B
$82.2M 37.44%
286,083
+1,767
GBTC icon
2
Grayscale Bitcoin Trust
GBTC
$26.1B
$24.6M 11.23%
360,454
-500
PBT
3
Permian Basin Royalty Trust
PBT
$922M
$16.8M 7.64%
986,819
+64,589
HE icon
4
Hawaiian Electric Industries
HE
$2.67B
$15.8M 7.2%
1,284,150
+53,900
LB
5
LandBridge Co
LB
$2.07B
$12.9M 5.87%
262,934
+21,878
WPM icon
6
Wheaton Precious Metals
WPM
$74.3B
$11.5M 5.23%
97,604
-323
MSB
7
Mesabi Trust
MSB
$398M
$11.4M 5.21%
296,649
+1,126
FBTC icon
8
Fidelity Wise Origin Bitcoin Fund
FBTC
$8.65B
$5.4M 2.46%
70,859
-945
WBI
9
WaterBridge Infrastructure LLC
WBI
$1.15B
$5.14M 2.34%
257,000
+5,300
FNV icon
10
Franco-Nevada
FNV
$54.1B
$4.89M 2.23%
23,594
+15
CCL icon
11
Carnival Corp
CCL
$43.6B
$4.75M 2.17%
155,596
+200
VTI icon
12
Vanguard Total Stock Market ETF
VTI
$582B
$4.06M 1.85%
12,122
MIAX
13
Miami International Holdings
MIAX
$3.81B
$3.33M 1.52%
75,050
+450
BTC
14
Grayscale Bitcoin Mini Trust ETF
BTC
$2.86B
$3.01M 1.37%
77,647
-4,532
CBOE icon
15
Cboe Global Markets
CBOE
$31.4B
$1.68M 0.77%
6,690
+35
ORCL icon
16
Oracle
ORCL
$418B
$1.57M 0.72%
8,050
AAPL icon
17
Apple
AAPL
$3.88T
$1.39M 0.63%
5,100
+100
ICE icon
18
Intercontinental Exchange
ICE
$93.2B
$1.24M 0.56%
7,645
-75
PANW icon
19
Palo Alto Networks
PANW
$122B
$1.01M 0.46%
5,484
AMZN icon
20
Amazon
AMZN
$2.25T
$808K 0.37%
3,500
+100
RGLD icon
21
Royal Gold
RGLD
$25.3B
$591K 0.27%
+2,656
CINF icon
22
Cincinnati Financial
CINF
$25.5B
$588K 0.27%
3,600
BRK.B icon
23
Berkshire Hathaway Class B
BRK.B
$1.09T
$565K 0.26%
1,125
-50
UNH icon
24
UnitedHealth
UNH
$266B
$561K 0.26%
1,700
RLI icon
25
RLI Corp
RLI
$5.73B
$480K 0.22%
7,500
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