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Mad River Investors Portfolio holdings
AUM
$278M
1-Year Est. Return
32.21%
This Fund
S&P 500
This Quarter
Est. Return
-11.01%
1 Year Est. Return
+32.21%
3 Year Est. Return
+205.53%
5 Year Est. Return
+287.35%
10 Year Est. Return
+1,823.68%
AUM
$142M
AUM Growth
-$30.5M
(-18%)
Cap. Flow
-$1.94M
Cap. Flow
% of AUM
-1.36%
Top 10 Holdings %
Top 10 Hldgs %
91.87%
Holding
27
New
1
Increased
7
Reduced
11
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Carnival Corporation Ltd
CCL
|
+$3.2M |
| 2 |
MSB
Mesabi Trust
MSB
|
+$1.42M |
| 3 |
SAND
Sandstorm Gold
SAND
|
+$560K |
| 4 |
Wheaton Precious Metals
WPM
|
+$433K |
| 5 |
Franco-Nevada
FNV
|
+$385K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Pacific Land
TPL
|
+$5.28M |
| 2 |
Howard Hughes
HHH
|
+$759K |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$547K |
| 4 |
Nuveen AMT-Free Quality Municipal Income Fund
NEA
|
+$301K |
| 5 |
Liberty Media Series C
FWONK
|
+$216K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 57.27% |
| 2 | Materials | 17.75% |
| 3 | Financials | 7.8% |
| 4 | Consumer Discretionary | 7.34% |
| 5 | Technology | 4.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Texas Pacific Land
TPL
$26.9B
| $73.1M | 51.56% |
386,955
-25,353
| -6% | -$5.28M |
|
|
2
Wheaton Precious Metals
WPM
$49.8B
| $8.79M | 6.2% |
182,502
+9,900
| +6% | +$433K |
|
|
MSB
3
Mesabi Trust
MSB
$300M
| $8.65M | 6.1% |
343,575
+61,150
| +22% | +$1.42M |
|
|
PBT
4
Permian Basin Royalty Trust
PBT
$1.31B
| $8.11M | 5.71% |
332,247
+920
| +0.3% | +$21.9K |
|
5
CACI
CACI
$11.3B
| $7.07M | 4.98% |
23,855
+225
| +1% | +$66.3K |
|
6
Civeo
CVEO
$376M
| $7.06M | 4.98% |
341,979
-2,121
| -0.6% | -$60.5K |
|
|
7
Franco-Nevada
FNV
$40.6B
| $6.13M | 4.32% |
42,053
+2,761
| +7% | +$385K |
|
8
Tejon Ranch
TRC
$467M
| $4.22M | 2.97% |
230,725
-6,600
| -3% | -$127K |
|
|
AC
9
DELISTED
Associated Capital Group
AC
| $4.02M | 2.84% |
108,875
| – | – |
|
|
10
Carnival Corporation Ltd
CCL
$38.7B
| $3.14M | 2.21% |
+308,900
| New | +$3.2M |
|
|
11
Berkshire Hathaway Class B
BRK.B
$1.11T
| $2.51M | 1.77% |
8,113
-1,775
| -18% | -$547K |
|
|
SAND
12
DELISTED
Sandstorm Gold
SAND
| $1.6M | 1.13% |
276,133
+102,415
| +59% | +$560K |
|
13
CME Group
CME
$93.5B
| $1.53M | 1.08% |
7,984
-560
| -7% | -$101K |
|
14
Cboe Global Markets
CBOE
$31.1B
| $1.2M | 0.85% |
8,955
-175
| -2% | -$22K |
|
15
Boeing
BA
$175B
| $1.1M | 0.77% |
5,160
+45
| +0.9% | +$9.35K |
|
16
Intercontinental Exchange
ICE
$86.4B
| $1.08M | 0.76% |
10,330
-125
| -1% | -$13K |
|
17
RLI Corp
RLI
$5.97B
| $731K | 0.52% |
11,000
-1,000
| -8% | -$66.4K |
|
|
18
Howard Hughes
HHH
$4B
| $442K | 0.31% |
5,796
-9,749
| -63% | -$759K |
|
|
19
Liberty Media Series C
FWONK
$25.4B
| $429K | 0.3% |
5,924
-3,189
| -35% | -$216K |
|
20
RUM Group Inc
RUM
$1.66B
| $422K | 0.3% |
42,200
| – | – |
|
21
Walt Disney
DIS
$172B
| $240K | 0.17% |
2,400
| – | – |
|
22
eBay
EBAY
$52.1B
| $209K | 0.15% |
4,700
-1,050
| -18% | -$48.1K |
|
|
RCG
23
RENN Fund
RCG
$20.6M
| $49K | 0.03% |
28,000
| – | – |
|
24
Johnson & Johnson
JNJ
$643B
| – | – |
-1,200
| Closed | -$212K |
|
|
25
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.37B
| – | – |
-26,500
| Closed | -$301K |
|
Similar funds
RW
KWM
AIA
ACP
EM
DI
BCH
CC
Mad River Investors's Q1 2023 Portfolio in Review
As of Q1 2023, Mad River Investors held 27 positions worth $142M, down 18% from $172M the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Mad River Investors's Q1 2023 filing shows 1 new, 7 increased, 11 reduced and 4 closed positions. Its largest new stake was Carnival Corporation Ltd: 308,900 shares worth $3.14M. The largest sale was Texas Pacific Land, an estimated $5.28M.
By sector, the portfolio is most concentrated in Energy at 57% of assets, down from 67% a quarter earlier, followed by Materials and Financials.
- Mad River Investors's largest Q1 2023 buy was Carnival Corporation Ltd: 308,900 shares worth $3.14M.
- Mad River Investors added most to Mesabi Trust in Q1 2023, an estimated $1.42M increase.
- Mad River Investors's biggest Q1 2023 reduction was Texas Pacific Land, cutting an estimated $5.28M.
- Mad River Investors fully exited Nuveen AMT-Free Quality Municipal Income Fund in Q1 2023, selling an estimated $301K.
- Mad River Investors's ten largest holdings make up 92% of its $142M portfolio in Q1 2023.
- Mad River Investors opened 1 new position and closed 4 in Q1 2023.
- Mad River Investors's portfolio value fell 18% quarter-over-quarter to $142M.
Based on Mad River Investors's 13F filing for Q1 2023, filed 4 May 2023.