MAD RIVER INVESTORS Q1 2025 Filing
Filed April 22, 2025
Portfolio Value
$236.0B
Holdings
24
Report Date
Q1 2025
Filing Type
13F-HR
All Holdings (24 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | TPLTEXAS PACIFIC LAND CORPORATI | 95,183 | $126.1B | 53.43% | |
| 2 | GBTCGRAYSCALE BITCOIN TRUST ETF | 372,481 | $24.3B | 10.28% | |
| 3 | LBLANDBRIDGE COMPANY LLC | 234,253 | $16.9B | 7.14% | |
| 4 | HEHAWAIIAN ELEC INDUSTRIES | 1,215,900 | $13.3B | 5.64% | |
| 5 | WPMWHEATON PRECIOUS METALS CORP | 147,793 | $11.5B | 4.86% | |
| 6 | MSBMESABI TR | 296,457 | $8.1B | 3.42% | |
| 7 | FBTCFIDELITY WISE ORIGIN BITCOIN | 75,053 | $5.4B | 2.29% | |
| 8 | PBTPERMIAN BASIN RTY TR | 471,693 | $4.7B | 1.98% | |
| 9 | FNVFRANCO NEV CORP | 27,802 | $4.4B | 1.86% | |
| 10 | CCLCARNIVAL CORP | 188,096 | $3.7B | 1.56% | |
| 11 | VTIVANGUARD INDEX FDS | 12,122 | $3.3B | 1.41% | |
| 12 | BTCGRAYSCALE BITCOIN MINI TR ET | 78,286 | $2.9B | 1.21% | |
| 13 | ARISUSDARIS WATER SOLUTIONS INC | 74,900 | $2.4B | 1.02% | |
| 14 | CVEOCIVEO CORP CDA | 79,497 | $1.8B | 0.77% | |
| 15 | CBOECBOE GLOBAL MKTS INC | 6,215 | $1.4B | 0.60% | |
| 16 | ICEINTERCONTINENTAL EXCHANGE IN | 7,520 | $1.3B | 0.55% | |
| 17 | VIGVANGUARD SPECIALIZED FUNDS | 6,200 | $1.2B | 0.51% | |
| 18 | BRK/BBERKSHIRE HATHAWAY INC DEL | 1,900 | $1.0B | 0.43% | |
| 19 | RLIRLI CORP | 9,000 | $723.0M | 0.31% | |
| 20 | AYS1SANDSTORM GOLD LTD | 64,364 | $485.9M | 0.21% | |
| 21 | EXPEAGLE MATLS INC | 2,106 | $467.3M | 0.20% | |
| 22 | CA8ACACI INTL INC | 855 | $313.7M | 0.13% | |
| 23 | RSPINVESCO EXCHANGE TRADED FD T | 1,508 | $261.2M | 0.11% | |
| 24 | DISDISNEY WALT CO | 2,400 | $236.9M | 0.10% |