State of Wyoming’s Mesabi Trust MSB Stock Holding History

State of Wyoming’s Portfolio MSB Stock Details MSB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-16,985	Closed	-$407K	–	1979
2025 Q2	$407K	Buy	+16,985	New	+$441K	0.05%	423
2022 Q4	–	Sell	-3,710	Closed	-$80K	–	1696
2022 Q3	$80K	Sell	3,710 -733	-16%	-$18.9K	0.04%	772
2022 Q2	$109K	Buy	4,443 +3,330	+299%	+$86.6K	0.07%	443
2022 Q1	$30K	Buy	+1,113	New	+$31.3K	0.02%	1315

Other funds holding MSB

HKAM

Horizon Kinetics Asset Management New York $8.82B AUM 23.05% 1-Year Est. Return

ValueWorks New York $479M AUM 117.71% 1-Year Est. Return

BCM

Beddow Capital Management Jackson, Wyoming $265M AUM 18.36% 1-Year Est. Return

MRI

Mad River Investors Boston, Massachusetts $268M AUM 31.54% 1-Year Est. Return

Moors & Cabot Boston, Massachusetts $2.57B AUM 37.84% 1-Year Est. Return

ASN

Advisory Services Network Atlanta, Georgia $8.83B AUM 38.5% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

ECM

EagleClaw Capital Management Boston, Massachusetts $745M AUM 23.99% 1-Year Est. Return

CAMG

CWA Asset Management Group Naples, Florida $3.28B AUM 34.07% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

State of Wyoming's MSB Position: Q3 2025 in Review

State of Wyoming sold out of Mesabi Trust (MSB) in Q3 2025, closing a stake of 16,985 shares — an estimated $407K sold.

State of Wyoming first reported a position in MSB in Q1 2022 and held it in 4 quarters. The position peaked at $407K in Q2 2025. 71 funds tracked by Wall St. Rank hold MSB as of Q3 2025.

State of Wyoming reported no remaining Mesabi Trust position as of Q3 2025 after selling out during the quarter.
State of Wyoming sold 16,985 Mesabi Trust shares in Q3 2025, an estimated $407K.
State of Wyoming first reported a position in Mesabi Trust in Q1 2022 and held it in 4 quarters.
State of Wyoming's Mesabi Trust position peaked at $407K in Q2 2025.
71 funds tracked by Wall St. Rank held Mesabi Trust as of Q3 2025.

Based on State of Wyoming's 13F filing for Q3 2025, filed 4 Nov 2025.