Q2 2025 Holdings
Filed 2025-08-05 | 104 holdings | $145.4M | 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 | $16.0M | 631,977 | 11.0% |
| Berkshire Hathaway Inc del(BRK/B) | CL B NEW | 084670702 | $13.4M | 27,486 | 9.2% |
| Dorchester Minerals LP(DMLP) | COM UNIT | 25820R105 | $11.5M | 413,323 | 7.9% |
| Suncor Energy Inc New(SU) | COM | 867224107 | $10.0M | 267,722 | 6.9% |
| Natural Resource Partners L(NRP) | COM UNIT LTD PAR | 63900P608 | $6.4M | 67,502 | 4.4% |
| Canadian NAT RES LTD(CNQ) | COM | 136385101 | $5.5M | 174,715 | 3.8% |
| Tortoise Energy Infra Corp(TYG) | COM | 89147L886 | $4.2M | 94,925 | 2.9% |
| Franco NEV Corp(FNV) | COM | 351858105 | $3.6M | 22,233 | 2.5% |
| Eagle Matls Inc(EXP) | COM | 26969P108 | $3.6M | 17,923 | 2.5% |
| Honeywell Intl Inc(HON) | COM | 438516106 | $3.4M | 14,736 | 2.4% |
| Enterprise Prods Partners L(EPD) | COM | 293792107 | $3.4M | 109,475 | 2.3% |
| Lockheed Martin Corp(LMT) | COM | 539830109 | $2.9M | 6,316 | 2.0% |
| SKY Harbour Group Corporatio(SKYH) | COM CL A | 83085C107 | $2.6M | 263,995 | 1.8% |
| Oneok Inc New(OKE) | COM | 682680103 | $2.5M | 30,937 | 1.7% |
| Legacy Housing Corp(LEGH) | COM | 52472M101 | $2.5M | 108,616 | 1.7% |
| WP Carey Inc(WPC) | COM | 92936U109 | $2.3M | 37,506 | 1.6% |
| Vaneck Merk Gold ETF(OUNZ) | GOLD SHS | 921078101 | $2.2M | 67,977 | 1.5% |
| Valaris LTD(VAL) | CL A | G9460G101 | $2.0M | 47,709 | 1.4% |
| FRP Hldgs Inc(FRPH) | COM | 30292L107 | $2.0M | 72,598 | 1.3% |
| OR Royalties Inc.(OR) | COM SHS | 68390D106 | $1.9M | 72,459 | 1.3% |
| Lowes COS Inc(LOW) | COM | 548661107 | $1.8M | 8,145 | 1.2% |
| Sandstorm Gold LTD(AYS1) | COM NEW | 80013R206 | $1.8M | 186,925 | 1.2% |
| Boston Omaha Corp(BOC) | CL A COM STK | 101044105 | $1.6M | 116,265 | 1.1% |
| Enbridge Inc(ENB) | COM | 29250N105 | $1.6M | 35,872 | 1.1% |
| Lincoln Elec Hldgs Inc(LECO) | COM | 533900106 | $1.3M | 6,509 | 0.9% |
| Home Depot Inc(HD) | COM | 437076102 | $1.2M | 3,395 | 0.9% |
| Spdr Series Trust(XAR) | AEROSPACE DEF | 78464A631 | $1.2M | 5,630 | 0.8% |
| Lamar Advertising Co New(LAMR) | CL A | 512816109 | $1.2M | 9,650 | 0.8% |
| ST JOE Co(JOE) | COM | 790148100 | $1.2M | 24,239 | 0.8% |
| Peakstone Realty Trust(PKST) | COMMON SHARES | 39818P799 | $1.1M | 86,053 | 0.8% |
| Imperial Oil LTD(IMO) | COM NEW | 453038408 | $1.1M | 14,229 | 0.8% |
| Corporacion Amer Arpts S A(CAAP) | COM | L1995B107 | $1.1M | 54,362 | 0.8% |
| Trimble Inc(TRMB) | COM | 896239100 | $1.1M | 14,025 | 0.7% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $1.0M | 8,647 | 0.7% |
| Plymouth Indl REIT Inc(PLYM) | COM | 729640102 | $1.0M | 62,901 | 0.7% |
| American Intl Group Inc(AIG) | COM NEW | 026874784 | $795.1K | 9,290 | 0.5% |
| Texas Pacific Land Corporati(TPL) | COM | 88262P102 | $790.2K | 748 | 0.5% |
| First TR Exchange Traded FD(GRID) | NASDQ CLN EDGE | 33737A108 | $693.3K | 4,987 | 0.5% |
| VOX Royalty Corp(VOXR) | COM | 92919F103 | $688.3K | 217,829 | 0.5% |
| TD Synnex Corporation(SNX) | COM | 87162W100 | $678.9K | 5,003 | 0.5% |
| South BOW Corp(SOBO) | COM | 83671M105 | $678.6K | 26,190 | 0.5% |
| Wesco Intl Inc(WCC) | COM | 95082P105 | $672.1K | 3,629 | 0.5% |
| Noble Corp PLC(NE) | ORD SHS A | G65431127 | $670.7K | 25,260 | 0.5% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $653.0K | 7,272 | 0.4% |
| Tiptree Inc(TIPT) | COM | 88822Q103 | $638.7K | 27,086 | 0.4% |
| Grupo Aeroportuario del Cent(G7A) | SPON ADR | 400501102 | $618.3K | 5,861 | 0.4% |
| Cresud S A C I F Y A(CD8) | SPONSORED ADR | 226406106 | $577.2K | 53,647 | 0.4% |
| Newmont Corp(NEM) | COM | 651639106 | $548.2K | 9,409 | 0.4% |
| Warrior MET Coal Inc(HCC) | COM | 93627C101 | $547.0K | 11,936 | 0.4% |
| Triple Flag Precious Metal(TFPM) | COM | 89679M104 | $538.8K | 22,742 | 0.4% |