Q4 2023 Holdings
Filed 2024-02-15 | 325 holdings | $4.8B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Texas Pacific Land Corp(TPL) | COM | 88262P102 | $2.1B | 1,338,755 | 44.1% |
| Grayscale Bitcoin Trust BTC(GBTC) | TRUST BTC | 389637109 | $540.2M | 15,604,708 | 11.3% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $144.6M | 2,931,266 | 3.0% |
| Caci Intl Inc CL A(CACI) | CL A | 127190304 | $127.5M | 393,605 | 2.7% |
| Intercontinental Exchange Inc(ICE) | COM | 45866F104 | $100.4M | 781,939 | 2.1% |
| Franco Nevada Corp(FNV) | COM | 351858105 | $96.6M | 872,143 | 2.0% |
| Civeo Corp(CVEO) | COM NEW | 17878Y207 | $85.3M | 3,734,335 | 1.8% |
| Cheniere Energy Inc(LNG) | COM NEW | 16411R208 | $84.7M | $496,388 | 1.8% |
| Cboe Global Markets Inc(CBOE) | COM | 12503M108 | $72.4M | 405,632 | 1.5% |
| Mesabi TR(MSB) | CTF BEN INT | 590672101 | $59.8M | 2,920,318 | 1.3% |
| Science Applicatns Intl CP(SAIC) | COM | 808625107 | $51.7M | 416,056 | 1.1% |
| Brookfield Corp CL A LMT VTG S(BN) | CL A LTD VT SH | 11271J107 | $50.4M | 1,257,006 | 1.1% |
| Permian Basin RTY TR(PBT) | UNIT BEN INT | 714236106 | $50.0M | 3,583,742 | 1.0% |
| Archer Daniels Midland Co(ADM) | COM | 039483102 | $48.5M | 672,158 | 1.0% |
| Howard Hughes Holdings Inc(HHH) | COM | 44267T102 | $48.0M | 561,287 | 1.0% |
| Autonation Inc(AN) | COM | 05329W102 | $45.2M | 300,803 | 0.9% |
| Charles RIV Labs Intl Inc(CRL) | COM | 159864107 | $43.2M | 182,664 | 0.9% |
| CME Group Inc(CME) | COM | 12572Q105 | $42.3M | 200,730 | 0.9% |
| Associated Cap Group Inc CL A(ACGP) | CL A | 045528106 | $40.8M | 1,142,514 | 0.9% |
| Viper Energy Inc(VNOMUSD) | CL A | 927959106 | $38.2M | 1,216,648 | 0.8% |
| Live Nation Entertainment Inc(LYV) | COM | 538034109 | $37.4M | 399,263 | 0.8% |
| The Saint JOE Co(JOE) | COM | 790148100 | $32.4M | 538,022 | 0.7% |
| Penske Automotive GRP Inc(PAG) | COM | 70959W103 | $30.4M | 189,536 | 0.6% |
| Dorchester Minerals LP(DMLP) | COM UNIT | 25820R105 | $28.9M | 907,133 | 0.6% |
| Bunge Global SA(BG) | COM SHS | H11356104 | $28.1M | 278,820 | 0.6% |
| Marsh & Mclennan COS Inc(MRSH) | COM | 571748102 | $25.9M | 136,586 | 0.5% |
| Sandstorm Gold LTD(AYS1) | COM NEW | 80013R206 | $24.2M | 4,808,367 | 0.5% |
| West Fraser Timber LTD(WFG) | COM | 952845105 | $23.1M | 269,822 | 0.5% |
| Inter Parfums Inc(IPAR) | COM | 458334109 | $22.9M | 158,807 | 0.5% |
| Wendys Company(WEN) | COM | 95058W100 | $22.0M | 1,131,007 | 0.5% |
| Cameco Corp(CCJ) | COM | 13321L108 | $21.4M | 497,432 | 0.4% |
| Sitio Royalties Corp(SB9) | CLASS A COM | 82983N108 | $21.3M | 906,604 | 0.4% |
| Carnival Corp Pairedctf(CCL) | COMMON STOCK | 143658300 | $21.1M | 1,139,668 | 0.4% |
| Osisko Gold Royalties LTD(OREUR) | COM | 68827L101 | $19.2M | 1,344,413 | 0.4% |
| Tejon Ranch Co(TRC) | COM | 879080109 | $18.7M | 1,085,128 | 0.4% |
| Berkshire Hathaway Inc del CL B New(BRK/B) | CL B NEW | 084670702 | $16.6M | 46,601 | 0.3% |
| Nutrien LTD(NTR) | COM | 67077M108 | $16.3M | 289,882 | 0.3% |
| Brookfield Asset Managmt Ltdcl A LMT VTG S(BAM) | CL A LMT VTG SHS | 113004105 | $15.5M | 386,888 | 0.3% |
| Royal Gold Inc(RGLD) | COM | 780287108 | $15.5M | 127,989 | 0.3% |
| Oshkosh Corp(OSK) | COM | 688239201 | $14.7M | 135,994 | 0.3% |
| Boeing Co(BA) | COM | 097023105 | $14.5M | 55,514 | 0.3% |
| Vanguard BD Index FDS(VUSB) | VANGUARD ULTRA | 92203C303 | $14.4M | 291,631 | 0.3% |
| Vanguard Scottsdale FDS(VGSH) | SHORT TERM TREAS | 92206C102 | $12.9M | 221,031 | 0.3% |
| Liberty Media Corp del(FWONK) | COM LBTY ONE S C | 531229755 | $12.7M | 200,793 | 0.3% |
| Microstrategy Inc(MSTR) | CL A NEW | 594972408 | $12.6M | 19,946 | 0.3% |
| Horzn Kntcs Spac(SPAQ) | LISTED FD TR | 53656G555 | $10.7M | 110,356 | 0.2% |
| Equity Lifestyle Pptys Inc(ELS) | COM | 29472R108 | $9.8M | 138,689 | 0.2% |
| Mastercard Inc(MA) | CL A | 57636Q104 | $9.3M | 21,856 | 0.2% |
| S&P Global Inc(SPGI) | COM | 78409V104 | $9.2M | 20,787 | 0.2% |
| Liberty Media Corp del(FWONA) | COM LBTY ONE S A | 531229771 | $8.3M | 143,876 | 0.2% |