Q3 2026 Holdings
Filed 2026-10-27 | 31 holdings | $245.7M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Texas Pacific Land Corporati(TPL) | COM | 88262P102 | $92.8M | 284,771 | 37.8% |
| Permian Basin RTY TR(PBT) | UNIT BEN INT | 714236106 | $33.3M | 1,056,366 | 13.5% |
| Grayscale Bitcoin Trust ETF(GBTC) | SHS REP COM UT | 389637109 | $23.0M | 355,444 | 9.3% |
| Landbridge Company LLC(LB) | CL A | 514952100 | $21.6M | 266,705 | 8.8% |
| Hawaiian Elec Inds Inc MTN B(HE) | COM | 419870100 | $11.8M | 1,319,050 | 4.8% |
| Miami Intl Hldgs Inc(MIAX) | COM | 59356Q108 | $10.0M | 297,157 | 4.1% |
| Waterbridge Infrastructure L(WBI) | CL A SHS REPSTG | 940923105 | $7.6M | 268,751 | 3.1% |
| Mesabi TR(MSB) | CTF BEN INT | 590672101 | $6.4M | 327,316 | 2.6% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $6.0M | 45,024 | 2.5% |
| Fidelity Wise Origin Bitcoin(FBTC) | SHS | 315948109 | $5.7M | 78,429 | 2.3% |
| Franco NEV Corp(FNV) | COM | 351858105 | $5.0M | 21,057 | 2.0% |
| Grayscale Bitcoin Mini TR ET(BTC) | SHS NEW | 389930207 | $3.0M | 81,517 | 1.2% |
| SAN Juan Basin RTY TR(SJT) | UNIT BEN INT | 798241105 | $2.2M | 597,500 | 0.9% |
| Palo Alto Networks Inc(PANW) | COM | 697435105 | $2.2M | 5,484 | 0.9% |
| Fermi Inc(FRMI) | COM | 314911108 | $2.0M | 483,200 | 0.8% |
| Apple Inc(AAPL) | COM | 037833100 | $1.9M | 5,847 | 0.8% |
| Cboe Global Mkts Inc(CBOE) | COM | 12503M108 | $1.8M | 6,680 | 0.7% |
| Vanguard Index FDS(VTI) | MRNGSTR TTL STK | 922908769 | $1.7M | 4,600 | 0.7% |
| Intercontinental Exchange in(ICE) | COM | 45866F104 | $1.2M | 8,001 | 0.5% |
| Oracle Corp(ORCL) | COM | 68389X105 | $1.1M | 8,050 | 0.4% |
| Amazon COM Inc(AMZN) | COM | 023135106 | $847.1K | 3,400 | 0.3% |
| Cisco SYS Inc(CSCO) | COM | 17275R102 | $645.8K | 6,000 | 0.3% |
| Unitedhealth Group Inc(UNH) | COM | 91324P102 | $624.0K | 1,700 | 0.3% |
| Cincinnati Finl Corp(CINF) | COM | 172062101 | $573.7K | 3,600 | 0.2% |
| Eaton Corp PLC(ETN) | SHS | G29183103 | $515.7K | 1,200 | 0.2% |
| Carnival Corp LTD(CCL) | COMMON SHARES | G2004J103 | $458.3K | 18,677 | 0.2% |
| Hawaiian Elec Inds Inc MTN B(HE)Call | CALL | 419870100 | $436.3K | $48,800 | 0.2% |
| Berkshire Hathaway Inc del(BRK/B) | CL B NEW | 084670702 | $385.9K | 775 | 0.2% |
| RLI Corp(RLI) | COM | 749607107 | $331.9K | 6,000 | 0.1% |
| Johnson & Johnson(JNJ) | COM | 478160104 | $317.7K | 1,200 | 0.1% |
| Royal Gold Inc(RGLD) | COM | 780287108 | $221.8K | 940 | 0.1% |