Q2 2025 Holdings
Filed 2025-07-08 | 24 holdings | $223.3M | 13F-HR | View on SEC ↗ · Holdings Table ↗
Sign in to see sub-manager breakdown
| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Texas Pacific Land Corporati(TPL) | COM | 88262P102 | $100.4M | 95,013 | 45.0% |
| Grayscale Bitcoin Trust ETF(GBTC) | SHS REP COM UT | 389637109 | $31.6M | 372,381 | 14.1% |
| Landbridge Company LLC(LB) | CL A | 514952100 | $15.9M | 234,754 | 7.1% |
| Hawaiian Elec Industries(HE) | COM | 419870100 | $13.0M | 1,225,900 | 5.8% |
| Permian Basin RTY TR(PBT) | UNIT BEN INT | 714236106 | $11.0M | 883,917 | 4.9% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $10.4M | 115,925 | 4.7% |
| Mesabi TR(MSB) | CTF BEN INT | 590672101 | $7.1M | 295,413 | 3.2% |
| Fidelity Wise Origin Bitcoin(FBTC) | SHS | 315948109 | $6.9M | 73,261 | 3.1% |
| Carnival Corp(CCL) | UNIT 99/99/9999 | 143658300 | $5.2M | 183,796 | 2.3% |
| Franco NEV Corp(FNV) | COM | 351858105 | $3.9M | 24,053 | 1.8% |
| Grayscale Bitcoin Mini TR ET(BTC) | SHS NEW | 389930207 | $3.7M | 78,286 | 1.7% |
| Vanguard Index FDS(VTI) | TOTAL STK MKT | 922908769 | $3.7M | 12,122 | 1.7% |
| Aris Water Solutions Inc(ARISUSD) | CLASS A COM | 04041L106 | $2.1M | 88,500 | 0.9% |
| Civeo Corp CDA(CVEO) | COM NEW | 17878Y207 | $1.6M | 67,938 | 0.7% |
| Cboe Global Mkts Inc(CBOE) | COM | 12503M108 | $1.6M | 6,680 | 0.7% |
| Intercontinental Exchange in(ICE) | COM | 45866F104 | $1.4M | 7,695 | 0.6% |
| Vanguard Specialized Funds(VIG) | DIV APP ETF | 921908844 | $1.3M | 6,200 | 0.6% |
| Berkshire Hathaway Inc del(BRK/B) | CL B NEW | 084670702 | $570.8K | 1,175 | 0.3% |
| RLI Corp(RLI) | COM | 749607107 | $541.7K | 7,500 | 0.2% |
| Sandstorm Gold LTD(AYS1) | COM NEW | 80013R206 | $457.5K | 48,674 | 0.2% |
| Caci Intl Inc(CACI) | CL A | 127190304 | $407.6K | 855 | 0.2% |
| Invesco Exchange Traded FD T(RSP) | S&P500 EQL WGT | 46137V357 | $274.1K | 1,508 | 0.1% |
| Eagle Matls Inc(EXP) | COM | 26969P108 | $248.7K | 1,231 | 0.1% |
| Permian Basin RTY TR(PBT)Call | CALL | 714236106 | $99.7K | $8,000 | 0.0% |