Q2 2026 Holdings
Filed 2026-08-03 | 30 holdings | $268.1M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Texas Pacific Land Corporati(TPL) | COM | 88262P102 | $124.9M | 285,330 | 46.6% |
| Permian Basin RTY TR(PBT) | UNIT BEN INT | 714236106 | $25.2M | 1,005,152 | 9.4% |
| Landbridge Company LLC(LB) | CL A | 514952100 | $21.2M | 267,953 | 7.9% |
| Hawaiian Elec Inds Inc MTN B(HE) | COM | 419870100 | $17.9M | 1,321,850 | 6.7% |
| Grayscale Bitcoin Trust ETF(GBTC) | SHS REP COM UT | 389637109 | $16.4M | 360,139 | 6.1% |
| Miami Intl Hldgs Inc(MIAX) | COM | 59356Q108 | $10.7M | 289,000 | 4.0% |
| Waterbridge Infrastructure L(WBI) | CL A SHS REPSTG | 940923105 | $9.2M | 267,801 | 3.4% |
| Mesabi TR(MSB) | CTF BEN INT | 590672101 | $8.2M | 323,735 | 3.1% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $6.3M | 56,173 | 2.4% |
| Franco NEV Corp(FNV) | COM | 351858105 | $4.7M | 22,506 | 1.7% |
| Fidelity Wise Origin Bitcoin(FBTC) | SHS | 315948109 | $3.6M | 70,369 | 1.3% |
| Carnival Corp LTD(CCL) | COMMON SHARES | G2004J103 | $2.7M | 95,373 | 1.0% |
| Vanguard Index FDS(VTI) | TOTAL STK MKT | 922908769 | $2.5M | 6,800 | 0.9% |
| Grayscale Bitcoin Mini TR ET(BTC) | SHS NEW | 389930207 | $2.1M | 81,517 | 0.8% |
| Palo Alto Networks Inc(PANW) | COM | 697435105 | $1.9M | 5,484 | 0.7% |
| Cboe Global Mkts Inc(CBOE) | COM | 12503M108 | $1.6M | 6,705 | 0.6% |
| Apple Inc(AAPL) | COM | 037833100 | $1.5M | 5,050 | 0.5% |
| Oracle Corp(ORCL) | COM | 68389X105 | $1.2M | 8,050 | 0.4% |
| Intercontinental Exchange in(ICE) | COM | 45866F104 | $965.9K | 7,846 | 0.4% |
| Amazon COM Inc(AMZN) | COM | 023135106 | $810.4K | 3,400 | 0.3% |
| Unitedhealth Group Inc(UNH) | COM | 91324P102 | $706.6K | 1,700 | 0.3% |
| Cisco SYS Inc(CSCO) | COM | 17275R102 | $704.8K | 6,000 | 0.3% |
| Cincinnati Finl Corp(CINF) | COM | 172062101 | $666.5K | 3,600 | 0.2% |
| Hawaiian Elec Inds Inc MTN B(HE)Call | CALL | 419870100 | $660.3K | $48,800 | 0.2% |
| Eaton Corp PLC(ETN) | SHS | G29183103 | $511.3K | 1,200 | 0.2% |
| RLI Corp(RLI) | COM | 749607107 | $354.4K | 6,000 | 0.1% |
| Berkshire Hathaway Inc del(BRK/B) | CL B NEW | 084670702 | $312.7K | 625 | 0.1% |
| Johnson & Johnson(JNJ) | COM | 478160104 | $304.8K | 1,200 | 0.1% |
| Caci Intl Inc(CACI) | CL A | 127190304 | $210.8K | 455 | 0.1% |
| Fermi Inc(FRMI) | COM | 314911108 | $151.1K | 16,500 | 0.1% |