Mesabi Trust
MSB
82 hedge funds and large institutions have $246M invested in Mesabi Trust in 2025 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 29 increasing their positions, 19 reducing their positions, and 7 closing their positions.
157% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 7
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
53% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 19
37% more capital invested
Capital invested by funds: $179M → $246M (+$67M)
17% more call options, than puts
Call options by funds: $763K | Put options by funds: $651K
15% more funds holding
Funds holding: 71 → 82 (+11)
2.17% more ownership
Funds ownership: 46.7% → 48.88% (+2.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SEI Investments
Oaks,
Pennsylvania
|
+$2.84M |
| 2 |
CAMG
CWA Asset Management Group
Naples,
Florida
|
+$2.28M |
| 3 |
HKAM
Horizon Kinetics Asset Management
New York
|
+$961K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$603K |
| 5 |
Bank of New York Mellon
New York
|
+$603K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Beddow Capital Management
Jackson,
Wyoming
|
-$444K |
| 2 |
V
ValueWorks
New York
|
-$425K |
| 3 |
SAM
Synergy Asset Management
Vancouver,
Washington
|
-$215K |
| 4 |
Two Sigma Investments
New York
|
-$156K |
| 5 |
SWM
Steinberganna Wealth Management
Huntington,
New York
|
-$128K |
MSB Hedge Fund Activity: Q4 2025 in Review
82 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Mesabi Trust (MSB) for Q4 2025, worth a combined $246M — up 37% from $179M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new MSB positions and 7 closed out — a net gain of 11 holders — while 29 added to existing stakes and 19 trimmed.
The largest buyer was SEI Investments, opening a new position worth an estimated $2.84M. The largest seller was Beddow Capital Management, cutting an estimated $444K.
- 82 institutional investors held Mesabi Trust (MSB) as of Q4 2025, up from 71 in Q3 2025.
- Funds reported $246M of Mesabi Trust stock for Q4 2025, up 37% quarter-over-quarter.
- 18 funds opened new Mesabi Trust positions in Q4 2025 and 7 closed out, a net change of +11 holders.
- The largest Mesabi Trust buyer in Q4 2025 was SEI Investments, an estimated $2.84M added.
- The largest Mesabi Trust seller in Q4 2025 was Beddow Capital Management, an estimated $444K sold.
Based on aggregated 13F filings for Q4 2025.