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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
+25.22%
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
$215M
AUM Growth
+$34.9M
(+19%)
Cap. Flow
-$3.67M
Cap. Flow
% of AUM
-1.71%
Top 10 Holdings %
Top 10 Hldgs %
89.53%
Holding
27
New
1
Increased
4
Reduced
14
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hawaiian Electric Industries
HE
|
+$1.22M |
| 2 |
LB
LandBridge Co
LB
|
+$54.2K |
| 3 |
MSB
Mesabi Trust
MSB
|
+$47.6K |
| 4 |
Cboe Global Markets
CBOE
|
+$25.7K |
| 5 |
Wheaton Precious Metals
WPM
|
+$12.7K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Texas Pacific Land
TPL
|
+$2.26M |
| 2 |
Tejon Ranch
TRC
|
+$462K |
| 3 |
PBT
Permian Basin Royalty Trust
PBT
|
+$361K |
| 4 |
Fidelity Wise Origin Bitcoin Fund
FBTC
|
+$352K |
| 5 |
Civeo
CVEO
|
+$338K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 57.58% |
| 2 | Materials | 10.57% |
| 3 | Consumer Discretionary | 4.52% |
| 4 | Technology | 3.06% |
| 5 | Financials | 2.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Texas Pacific Land
TPL
$27.4B
| $106M | 49.3% |
287,814
-5,520
| -2% | -$2.26M |
|
2
Grayscale Bitcoin Trust
GBTC
$9.75B
| $28.6M | 13.27% |
385,806
-3,939
| -1% | -$260K |
|
|
LB
3
LandBridge Co
LB
$2.1B
| $15.1M | 7.01% |
233,452
+902
| +0.4% | +$54.2K |
|
|
4
Wheaton Precious Metals
WPM
$50.9B
| $8.29M | 3.85% |
147,493
+205
| +0.1% | +$12.7K |
|
|
MSB
5
Mesabi Trust
MSB
$297M
| $8.29M | 3.85% |
294,901
+1,832
| +0.6% | +$47.6K |
|
6
CACI
CACI
$11B
| $6.59M | 3.06% |
16,310
-250
| -2% | -$122K |
|
|
7
Fidelity Wise Origin Bitcoin Fund
FBTC
$12.1B
| $6.22M | 2.89% |
76,298
-4,851
| -6% | -$352K |
|
|
8
Civeo
CVEO
$377M
| $4.92M | 2.29% |
216,766
-13,492
| -6% | -$338K |
|
9
Carnival Corporation Ltd
CCL
$37.1B
| $4.81M | 2.23% |
192,896
-6,700
| -3% | -$157K |
|
10
Franco-Nevada
FNV
$41.4B
| $3.8M | 1.77% |
32,351
-249
| -0.8% | -$30.8K |
|
11
Vanguard Total Stock Market ETF
VTI
$655B
| $3.51M | 1.63% |
12,122
| – | – |
|
|
BTC
12
Grayscale Bitcoin Mini Trust ETF
BTC
$3.44B
| $3.27M | 1.52% |
78,086
-3
| -0% | -$110 |
|
13
Berkshire Hathaway Class B
BRK.B
$1.07T
| $3.05M | 1.42% |
6,725
-500
| -7% | -$231K |
|
|
PBT
14
Permian Basin Royalty Trust
PBT
$1.29B
| $2.73M | 1.27% |
246,293
-30,089
| -11% | -$361K |
|
15
Vanguard Dividend Appreciation ETF
VIG
$112B
| $1.78M | 0.82% |
9,065
| – | – |
|
16
Eagle Materials
EXP
$6.69B
| $1.33M | 0.62% |
5,376
-296
| -5% | -$85.4K |
|
|
17
Cboe Global Markets
CBOE
$30.2B
| $1.21M | 0.56% |
6,205
+125
| +2% | +$25.7K |
|
|
18
Hawaiian Electric Industries
HE
$2.28B
| $1.17M | 0.54% |
+120,300
| New | +$1.22M |
|
19
Intercontinental Exchange
ICE
$84.1B
| $1.11M | 0.52% |
7,470
-155
| -2% | -$24.6K |
|
|
SAND
20
DELISTED
Sandstorm Gold
SAND
| $1.02M | 0.47% |
183,099
-10,150
| -5% | -$58.9K |
|
21
RLI Corp
RLI
$5.88B
| $907K | 0.42% |
11,000
| – | – |
|
|
22
Tejon Ranch
TRC
$476M
| $442K | 0.21% |
27,799
-28,600
| -51% | -$462K |
|
23
iShares MSCI ACWI ex US ETF
ACWX
$11.4B
| $404K | 0.19% |
7,747
| – | – |
|
24
Walt Disney
DIS
$168B
| $267K | 0.12% |
2,400
| – | – |
|
25
Invesco S&P 500 Equal Weight ETF
RSP
$97.1B
| $264K | 0.12% |
1,508
| – | – |
|
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Mad River Investors's Q4 2024 Portfolio in Review
As of Q4 2024, Mad River Investors held 27 positions worth $215M, up 19% from $180M the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Mad River Investors's Q4 2024 filing shows 1 new, 4 increased, 14 reduced and 1 closed positions. Its largest new stake was Hawaiian Electric Industries: 120,300 shares worth $1.17M. The largest sale was Texas Pacific Land, an estimated $2.26M.
By sector, the portfolio is most concentrated in Energy at 58% of assets, up from 55% a quarter earlier, followed by Materials and Consumer Discretionary.
- Mad River Investors's largest Q4 2024 buy was Hawaiian Electric Industries: 120,300 shares worth $1.17M.
- Mad River Investors added most to LandBridge Co in Q4 2024, an estimated $54.2K increase.
- Mad River Investors's biggest Q4 2024 reduction was Texas Pacific Land, cutting an estimated $2.26M.
- Mad River Investors fully exited CME Group in Q4 2024, selling an estimated $291K.
- Mad River Investors's ten largest holdings make up 90% of its $215M portfolio in Q4 2024.
- Mad River Investors opened 1 new position and closed 1 in Q4 2024.
- Mad River Investors's portfolio value rose 19% quarter-over-quarter to $215M.
Based on Mad River Investors's 13F filing for Q4 2024, filed 16 Jan 2025.