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Mad River Investors Portfolio holdings
AUM
$268M
1-Year Est. Return
31.54%
This Fund
S&P 500
This Quarter
Est. Return
+18.47%
1 Year Est. Return
+31.54%
3 Year Est. Return
+225.37%
5 Year Est. Return
+261.39%
10 Year Est. Return
+1,619.55%
AUM
$180M
AUM Growth
+$31M
(+21%)
Cap. Flow
+$6.72M
Cap. Flow
% of AUM
3.73%
Top 10 Holdings %
Top 10 Hldgs %
87.55%
Holding
29
New
2
Increased
6
Reduced
13
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LB
LandBridge Co
LB
|
+$7.83M |
| 2 |
Grayscale Bitcoin Trust
GBTC
|
+$2.4M |
| 3 |
BTC
Grayscale Bitcoin Mini Trust ETF
BTC
|
+$2.08M |
| 4 |
PBT
Permian Basin Royalty Trust
PBT
|
+$137K |
| 5 |
MSB
Mesabi Trust
MSB
|
+$26K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AC
Associated Capital Group
AC
|
+$1.78M |
| 2 |
Texas Pacific Land
TPL
|
+$1.26M |
| 3 |
CME Group
CME
|
+$789K |
| 4 |
Tejon Ranch
TRC
|
+$377K |
| 5 |
Wheaton Precious Metals
WPM
|
+$273K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 54.86% |
| 2 | Miscellaneous | 17.97% |
| 3 | Materials | 12.47% |
| 4 | Consumer Discretionary | 5.55% |
| 5 | Technology | 4.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Texas Pacific Land
TPL
$25.1B
| $86.5M | 47.99% |
293,334
-4,596
| -2% | -$1.26M |
|
|
2
Grayscale Bitcoin Trust
GBTC
$11.6B
| $19.7M | 10.92% |
389,745
+49,278
| +14% | +$2.4M |
|
|
LB
3
LandBridge Co
LB
$2.47B
| $9.1M | 5.05% |
+232,550
| New | +$7.83M |
|
|
4
Wheaton Precious Metals
WPM
$69.6B
| $9M | 4.99% |
147,288
-4,583
| -3% | -$273K |
|
5
CACI
CACI
$13.9B
| $8.36M | 4.64% |
16,560
-320
| -2% | -$148K |
|
|
MSB
6
Mesabi Trust
MSB
$314M
| $6.64M | 3.68% |
293,069
+1,423
| +0.5% | +$26K |
|
7
Civeo
CVEO
$342M
| $6.31M | 3.5% |
230,258
-5,190
| -2% | -$137K |
|
8
Fidelity Wise Origin Bitcoin Fund
FBTC
$14.4B
| $4.51M | 2.5% |
81,149
-1,852
| -2% | -$98.7K |
|
9
Franco-Nevada
FNV
$51.3B
| $4.05M | 2.25% |
32,600
+46
| +0.1% | +$5.7K |
|
10
Carnival Corporation Ltd
CCL
$33.9B
| $3.69M | 2.05% |
199,596
-8,904
| -4% | -$151K |
|
11
Vanguard Morningstar Total Stock Market ETF
VTI
$687B
| $3.43M | 1.9% |
12,122
-360
| -3% | -$98.2K |
|
12
Berkshire Hathaway Class B
BRK.B
$1.08T
| $3.33M | 1.84% |
7,225
-238
| -3% | -$105K |
|
|
PBT
13
Permian Basin Royalty Trust
PBT
$1.58B
| $3.29M | 1.82% |
276,382
+12,209
| +5% | +$137K |
|
|
BTC
14
Grayscale Bitcoin Mini Trust ETF
BTC
$4.11B
| $2.2M | 1.22% |
+78,089
| New | +$2.08M |
|
15
Vanguard Dividend Appreciation ETF
VIG
$113B
| $1.8M | 1% |
9,065
-987
| -10% | -$188K |
|
16
Eagle Materials
EXP
$6.06B
| $1.63M | 0.91% |
5,672
+32
| +0.6% | +$8K |
|
17
Cboe Global Markets
CBOE
$32.4B
| $1.25M | 0.69% |
6,080
| – | – |
|
18
Intercontinental Exchange
ICE
$91.1B
| $1.22M | 0.68% |
7,625
-50
| -0.7% | -$7.71K |
|
|
SAND
19
DELISTED
Sandstorm Gold
SAND
| $1.16M | 0.64% |
193,249
+1,180
| +0.6% | +$6.71K |
|
|
20
Tejon Ranch
TRC
$438M
| $990K | 0.55% |
56,399
-21,201
| -27% | -$377K |
|
21
RLI Corp
RLI
$5.9B
| $852K | 0.47% |
11,000
| – | – |
|
22
iShares MSCI ACWI ex US ETF
ACWX
$12.5B
| $443K | 0.25% |
7,747
| – | – |
|
|
23
CME Group
CME
$103B
| $291K | 0.16% |
1,318
-3,811
| -74% | -$789K |
|
24
Invesco S&P 500 Equal Weight ETF
RSP
$99.5B
| $270K | 0.15% |
1,508
-118
| -7% | -$20.2K |
|
25
Walt Disney
DIS
$187B
| $231K | 0.13% |
2,400
| – | – |
|
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Mad River Investors's Q3 2024 Portfolio in Review
As of Q3 2024, Mad River Investors held 29 positions worth $180M, up 21% from $149M the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Mad River Investors deployed $6.72M of net new capital in Q3 2024, opening 2 new positions and adding to 6 existing holdings. Its largest new stake was LandBridge Co: 232,550 shares worth $9.1M.
By sector, the portfolio is most concentrated in Energy at 55% of assets, up from 51% a quarter earlier, followed by Miscellaneous and Materials.
On the sell side, the largest reduction was Texas Pacific Land, an estimated $1.26M trimmed.
- Mad River Investors's largest Q3 2024 buy was LandBridge Co: 232,550 shares worth $9.1M.
- Mad River Investors added most to Grayscale Bitcoin Trust in Q3 2024, an estimated $2.4M increase.
- Mad River Investors's biggest Q3 2024 reduction was Texas Pacific Land, cutting an estimated $1.26M.
- Mad River Investors fully exited Associated Capital Group in Q3 2024, selling an estimated $1.78M.
- Mad River Investors's ten largest holdings make up 88% of its $180M portfolio in Q3 2024.
- Mad River Investors opened 2 new positions and closed 3 in Q3 2024.
- Mad River Investors's portfolio value rose 21% quarter-over-quarter to $180M.
Based on Mad River Investors's 13F filing for Q3 2024, filed 22 Oct 2024.