Q4 2024 Holdings
Filed 2025-02-10 | 349 holdings | $8.0B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Texas Pacific Land Corp(TPL) | COM | 88262P102 | $4.0B | 3,606,579 | 49.7% |
| Grayscale Bitcoin(GBTC) | TRUST BTC | 389637109 | $1.1B | 15,168,163 | 14.0% |
| Landbridge Company LLC(LB) | CL A | 514952100 | $348.8M | 5,399,275 | 4.3% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $164.9M | 2,931,246 | 2.1% |
| Caci Intl Inc(CACI) | CL A | 127190304 | $145.3M | 359,495 | 1.8% |
| Grayscale Bitcoin Mini TR ET(BTC) | SHS NEW | 389930207 | $128.3M | 3,064,302 | 1.6% |
| Intercontinental Exchange Inc(ICE) | COM | 45866F104 | $119.9M | 804,581 | 1.5% |
| Franco Nevada Corp(FNV) | COM | 351858105 | $116.2M | 988,033 | 1.4% |
| Cheniere Energy Inc(LNG) | COM NEW | 16411R208 | $105.1M | $489,305 | 1.3% |
| Cboe Global Markets Inc(CBOE) | COM | 12503M108 | $81.0M | 414,474 | 1.0% |
| Mesabi TR(MSB) | CTF BEN INT | 590672101 | $79.9M | 2,843,010 | 1.0% |
| Viper Energy Inc(VNOMUSD) | CL A | 927959106 | $78.0M | 1,589,404 | 1.0% |
| Brookfield Corp(BN) | CL A LTD VT SH | 11271J107 | $70.0M | 1,218,597 | 0.9% |
| Civeo Corp(CVEO) | COM NEW | 17878Y207 | $69.6M | 3,064,019 | 0.9% |
| Digitalbridge Group Inc(DBRG) | CL A NEW | 25401T603 | $50.6M | 4,483,340 | 0.6% |
| Autonation Inc(AN) | COM | 05329W102 | $47.9M | 282,198 | 0.6% |
| Microstrategy Inc(MSTR) | CL A NEW | 594972408 | $47.9M | 165,315 | 0.6% |
| Ishares Bitcoin Trust(IBIT) | SHS | 46438F101 | $45.8M | 864,272 | 0.6% |
| Science Applicatns Intl Co(SAIC) | COM | 808625107 | $45.5M | 406,695 | 0.6% |
| Permian Basin RTY TR(PBT) | UNIT BEN INT | 714236106 | $43.7M | 3,946,083 | 0.5% |
| Live Nation Entertainment Inc(LYV) | COM | 538034109 | $42.7M | 329,735 | 0.5% |
| Howard Hughes Holdings Inc(HHH) | COM | 44267T102 | $35.3M | 458,597 | 0.4% |
| Cameco Corp(CCJ) | COM | 13321L108 | $31.7M | 616,951 | 0.4% |
| Associated Cap Group Inc(ACGP) | CL A | 045528106 | $31.4M | 917,630 | 0.4% |
| Marsh & Mclennan COS Inc(MRSH) | COM | 571748102 | $30.7M | 144,628 | 0.4% |
| Dorchester Minerals LP(DMLP) | COM UNIT | 25820R105 | $30.3M | 908,646 | 0.4% |
| Osisko Gold Royalties LTD(OREUR) | COM | 68827L101 | $30.0M | 1,659,922 | 0.4% |
| CME Group Inc(CME) | COM | 12572Q105 | $29.2M | 125,853 | 0.4% |
| Penske Automotive GRP Inc(PAG) | COM | 70959W103 | $27.9M | 182,966 | 0.3% |
| Archer Daniels Midland Co(ADM) | COM | 039483102 | $27.6M | 545,719 | 0.3% |
| Carnival Corp(CCL) | UNIT 99/9/9999 | 143658300 | $27.0M | 1,084,131 | 0.3% |
| The Saint JOE Co(JOE) | COM | 790148100 | $25.3M | 564,202 | 0.3% |
| Bunge Global SA(BG) | COM SHS | H11356104 | $24.8M | 319,121 | 0.3% |
| West Fraser Timber LTD(WFG) | COM | 952845105 | $24.4M | 281,367 | 0.3% |
| Hawaiian Elec Industries(HE) | COM | 419870100 | $23.2M | 2,379,498 | 0.3% |
| Sandstorm Gold LTD(AYS1) | COM NEW | 80013R206 | $21.1M | 3,788,672 | 0.3% |
| Berkshire Hathaway Inc del CL B New(BRK/B) | CL B NEW | 084670702 | $19.8M | 43,600 | 0.2% |
| White Mtns INS Group LTD(WTM) | COM | G9618E107 | $19.6M | 10,089 | 0.2% |
| Inter Parfums Inc(IPAR) | COM | 458334109 | $19.3M | 147,120 | 0.2% |
| Sitio Royalties Corp(SB9) | CLASS A COM | 82983N108 | $16.5M | 862,426 | 0.2% |
| Tejon Ranch Co(TRC) | COM | 879080109 | $13.5M | 851,294 | 0.2% |
| Oshkosh Corp(OSK) | COM | 688239201 | $13.3M | 140,119 | 0.2% |
| Royal Caribbean Group(RCL) | COM | V7780T103 | $13.2M | 57,153 | 0.2% |
| Wendys Company(WEN) | COM | 95058W100 | $12.8M | 782,621 | 0.2% |
| Brookfield Asset Managmt LTD(BAM) | CL A LMT VTG SHS | 113004105 | $12.7M | 234,360 | 0.2% |
| Vanguard Scottsdale FDS(VGSH) | SHORT TERM TREAS | 92206C102 | $12.5M | 215,098 | 0.2% |
| Listed FD TR(SPAQ) | HORZN KNTCS SPAC | 53656G555 | $12.3M | 125,435 | 0.2% |
| Charles RIV Labs Intl Inc(CRL) | COM | 159864107 | $11.0M | 59,840 | 0.1% |
| Mastercard Inc(MA) | CL A | 57636Q104 | $10.2M | 19,291 | 0.1% |
| RB Global Inc(RBA) | COM | 74935Q107 | $10.0M | 110,630 | 0.1% |