Mesabi Trust
MSB
62 hedge funds and large institutions have $167M invested in Mesabi Trust in 2026 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 16 reducing their positions, and 14 closing their positions.
365% more call options, than puts
Call options by funds: $1.22M | Put options by funds: $263K
31% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 16
0.54% less ownership
Funds ownership: 50.85% → 50.31% (-0.54%)
15% less funds holding
Funds holding: 73 → 62 (-11)
21% less capital invested
Capital invested by funds: $210M → $167M (-$43.2M)
57% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 14
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Manhattan
New York
|
+$2.37M |
| 2 |
HKAM
Horizon Kinetics Asset Management
New York
|
+$2.16M |
| 3 |
CAMG
CWA Asset Management Group
Naples,
Florida
|
+$1.97M |
| 4 |
V
ValueWorks
New York
|
+$637K |
| 5 |
PAS
PKS Advisory Services
Albany,
New York
|
+$439K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$3.66M |
| 2 |
SEI Investments
Oaks,
Pennsylvania
|
-$2.31M |
| 3 |
RWA
Redhawk Wealth Advisors
Minneapolis,
Minnesota
|
-$1.07M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$496K |
| 5 |
VA
Verdad Advisers
Boston,
Massachusetts
|
-$325K |
MSB Hedge Fund Activity: Q2 2026 in Review
62 of the 8,295 institutional investors tracked by Wall St. Rank reported a position in Mesabi Trust (MSB) for Q2 2026, worth a combined $167M — down 21% from $210M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of MSB and 6 opened new positions — a net loss of 8 holders — while 16 trimmed existing stakes and 21 added.
The largest buyer was First Manhattan, adding an estimated $2.37M. The largest seller was Bank of America, cutting an estimated $3.66M.
- 62 institutional investors held Mesabi Trust (MSB) as of Q2 2026, down from 73 in Q1 2026.
- Funds reported $167M of Mesabi Trust stock for Q2 2026, down 21% quarter-over-quarter.
- 6 funds opened new Mesabi Trust positions in Q2 2026 and 14 closed out, a net change of -8 holders.
- The largest Mesabi Trust buyer in Q2 2026 was First Manhattan, an estimated $2.37M added.
- The largest Mesabi Trust seller in Q2 2026 was Bank of America, an estimated $3.66M sold.
Based on aggregated 13F filings for Q2 2026.