Mad River Investors’s Tejon Ranch TRC Stock Holding History

Mad River Investors’s Portfolio TRC Stock Details TRC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q1	–	Sell	-27,799	Closed	-$442K	–	27
2024 Q4	$442K	Sell	27,799 -28,600	-51%	-$462K	0.21%	22
2024 Q3	$990K	Sell	56,399 -21,201	-27%	-$377K	0.55%	20
2024 Q2	$1.32M	Sell	77,600 -12,300	-14%	-$204K	0.89%	15
2024 Q1	$1.39M	Sell	89,900 -7,925	-8%	-$128K	0.96%	16
2023 Q4	$1.68M	Sell	97,825 -115,600	-54%	-$1.88M	1.56%	13
2023 Q3	$3.46M	Sell	213,425 -5,300	-2%	-$89.7K	2.45%	10
2023 Q2	$3.85M	Sell	218,725 -12,000	-5%	-$209K	2.85%	9
2023 Q1	$4.22M	Sell	230,725 -6,600	-3%	-$127K	2.97%	8
2022 Q4	$4.47M	Sell	237,325 -1,200	-0.5%	-$20.9K	2.59%	9
2022 Q3	$3.44M	Sell	238,525 -9,000	-4%	-$143K	2.5%	9
2022 Q2	$3.84M	Sell	247,525 -1,200	-0.5%	-$20.7K	3%	9
2022 Q1	$4.54M	Sell	248,725 -14,500	-6%	-$253K	3.51%	8
2021 Q4	$5.02M	Buy	+263,225	New	+$4.98M	3.83%	7

Other funds holding TRC

TowerView LLC New York $155M AUM 30.14% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

HKAM

Horizon Kinetics Asset Management New York $9.23B AUM 27.52% 1-Year Est. Return

GAMCO Investors Greenwich, Connecticut $10.2B AUM 30.27% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Bulldog Investors Saddle Brook, New Jersey $445M AUM 2.55% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

FRM

Foundation Resource Management Little Rock, Arkansas $860M AUM 38.08% 1-Year Est. Return

Mad River Investors's TRC Position: Q1 2025 in Review

Mad River Investors sold out of Tejon Ranch (TRC) in Q1 2025, closing a stake of 27,799 shares — an estimated $442K sold.

Mad River Investors first reported a position in TRC in Q4 2021 and held it in 13 quarters. The position peaked at $5.02M in Q4 2021. 114 funds tracked by Wall St. Rank hold TRC as of Q1 2025.

Mad River Investors reported no remaining Tejon Ranch position as of Q1 2025 after selling out during the quarter.
Mad River Investors sold 27,799 Tejon Ranch shares in Q1 2025, an estimated $442K.
Mad River Investors first reported a position in Tejon Ranch in Q4 2021 and held it in 13 quarters.
Mad River Investors's Tejon Ranch position peaked at $5.02M in Q4 2021.
114 funds tracked by Wall St. Rank held Tejon Ranch as of Q1 2025.

Based on Mad River Investors's 13F filing for Q1 2025, filed 22 Apr 2025.