Q1 2025 Holdings
Filed 2025-05-08 | 113 holdings | $144.6M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Sprott Physical Gold TR(PHYS/U) | UNIT | 85207H104 | $15.7M | 654,270 | 10.9% |
| Berkshire Hathaway Inc del(BRK/B) | CL B NEW | 084670702 | $15.1M | 28,275 | 10.4% |
| Dorchester Minerals LP(DMLP) | COM UNIT | 25820R105 | $12.4M | 413,591 | 8.6% |
| Suncor Energy Inc New(SU) | COM | 867224107 | $10.5M | 271,446 | 7.3% |
| Canadian NAT RES LTD(CNQ) | COM | 136385101 | $5.4M | 174,994 | 3.7% |
| Natural Resource Partners L(NRP) | COM UNIT LTD PAR | 63900P608 | $5.1M | 49,400 | 3.6% |
| Tortoise Energy Infra Corp(TYG) | COM | 89147L886 | $4.5M | 103,747 | 3.1% |
| Franco NEV Corp(FNV) | COM | 351858105 | $3.9M | 25,057 | 2.7% |
| Enterprise Prods Partners L(EPD) | COM | 293792107 | $3.1M | 89,950 | 2.1% |
| Eagle Matls Inc(EXP) | COM | 26969P108 | $3.0M | 13,728 | 2.1% |
| Lockheed Martin Corp(LMT) | COM | 539830109 | $2.9M | 6,507 | 2.0% |
| SKY Harbour Group Corporatio(SKYH) | COM CL A | 83085C107 | $2.9M | 220,618 | 2.0% |
| Honeywell Intl Inc(HON) | COM | 438516106 | $2.7M | 12,862 | 1.9% |
| Legacy Housing Corp(LEGH) | COM | 52472M101 | $2.5M | 100,510 | 1.8% |
| Valaris LTD(VAL) | CL A | G9460G101 | $2.2M | 56,135 | 1.5% |
| WP Carey Inc(WPC) | COM | 92936U109 | $2.1M | 33,741 | 1.5% |
| Lowes COS Inc(LOW) | COM | 548661107 | $2.1M | 8,813 | 1.4% |
| FRP Hldgs Inc(FRPH) | COM | 30292L107 | $1.8M | 61,716 | 1.2% |
| Boston Omaha Corp(BOC) | CL A COM STK | 101044105 | $1.7M | 119,405 | 1.2% |
| Vaneck Merk Gold ETF(OUNZ) | GOLD SHS | 921078101 | $1.7M | 54,757 | 1.1% |
| Osisko Gold Royalties LTD(OREUR) | COM | 68827L101 | $1.6M | 77,799 | 1.1% |
| Sandstorm Gold LTD(AYS1) | COM NEW | 80013R206 | $1.5M | 200,963 | 1.0% |
| Enbridge Inc(ENB) | COM | 29250N105 | $1.5M | 33,117 | 1.0% |
| Oneok Inc New(OKE) | COM | 682680103 | $1.3M | 13,223 | 0.9% |
| ST JOE Co(JOE) | COM | 790148100 | $1.3M | 27,895 | 0.9% |
| Warrior MET Coal Inc(HCC) | COM | 93627C101 | $1.3M | 26,562 | 0.9% |
| Home Depot Inc(HD) | COM | 437076102 | $1.3M | 3,432 | 0.9% |
| Imperial Oil LTD(IMO) | COM NEW | 453038408 | $1.2M | 16,247 | 0.8% |
| Texas Pacific Land Corporati(TPL) | COM | 88262P102 | $1.2M | 875 | 0.8% |
| Trimble Inc(TRMB) | COM | 896239100 | $1.1M | 17,496 | 0.8% |
| Peakstone Realty Trust(PKST) | COMMON SHARES | 39818P799 | $1.1M | 85,953 | 0.7% |
| Spdr SER TR(XAR) | AEROSPACE DEF | 78464A631 | $1.0M | 6,524 | 0.7% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $1.0M | 9,273 | 0.7% |
| Plymouth Indl REIT Inc(PLYM) | COM | 729640102 | $1.0M | 61,420 | 0.7% |
| Corporacion Amer Arpts S A(CAAP) | COM | L1995B107 | $969.8K | 52,992 | 0.7% |
| American Intl Group Inc(AIG) | COM NEW | 026874784 | $845.1K | 9,720 | 0.6% |
| Peabody Energy Corp(BTU) | COM | 704551100 | $757.3K | 55,889 | 0.5% |
| Lamar Advertising Co New(LAMR) | CL A | 512816109 | $746.9K | 6,564 | 0.5% |
| Wesco Intl Inc(WCC) | COM | 95082P105 | $724.2K | 4,663 | 0.5% |
| South BOW Corp(SOBO) | COM | 83671M105 | $703.2K | 27,555 | 0.5% |
| VOX Royalty Corp(VOXR) | COM | 92919F103 | $654.6K | 224,179 | 0.5% |
| Tiptree Inc(TIPT) | COM | 88822Q103 | $651.4K | 27,041 | 0.5% |
| Noble Corp PLC(NE) | ORD SHS A | G65431127 | $632.7K | 26,698 | 0.4% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $621.1K | 8,001 | 0.4% |
| Grupo Aeroportuario del Cent(G7A) | SPON ADR | 400501102 | $599.2K | 7,621 | 0.4% |
| TD Synnex Corporation(SNX) | COM | 87162W100 | $592.8K | 5,702 | 0.4% |
| Autonation Inc(AN) | COM | 05329W102 | $588.4K | 3,634 | 0.4% |
| Alphabet Inc(GOOGL) | CAP STK CL A | 02079K305 | $571.1K | 3,693 | 0.4% |
| Brookfield Corp(BN) | CL A LTD VT SH | 11271J107 | $554.7K | 10,583 | 0.4% |
| Cresud S A C I F Y A(CD8) | SPONSORED ADR | 226406106 | $543.7K | 49,201 | 0.4% |