Q3 2025 Holdings
Filed 2025-11-14 | 146 holdings | $714.9M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Texas Pacific Land Corporati(TPL) | COM | 88262P102 | $45.7M | 48,948 | 6.4% |
| Nvidia Corporation(NVDA) | COM | 67066G104 | $38.7M | 207,453 | 5.4% |
| Grayscale Bitcoin Trust ETF(GBTC) | SHS REP COM UT | 389637109 | $30.0M | 334,466 | 4.2% |
| Nike Inc(NKE) | CL B | 654106103 | $28.1M | 403,051 | 3.9% |
| Apple Inc(AAPL) | COM | 037833100 | $22.8M | 89,589 | 3.2% |
| Home Depot Inc(HD) | COM | 437076102 | $17.9M | 44,176 | 2.5% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $17.5M | 156,767 | 2.5% |
| JPMorgan Chase & Co.(JPM) | COM | 46625H100 | $16.8M | 53,156 | 2.3% |
| Abbvie Inc(ABBV) | COM | 00287Y109 | $16.7M | 72,124 | 2.3% |
| Oracle Corp(ORCL) | COM | 68389X105 | $16.3M | 57,867 | 2.3% |
| Palo Alto Networks Inc(PANW) | COM | 697435105 | $15.6M | 76,478 | 2.2% |
| Eaton Corp PLC(ETN) | SHS | G29183103 | $15.6M | 41,608 | 2.2% |
| Grayscale Bitcoin Mini TR ET(BTC) | SHS NEW | 389930207 | $15.0M | 297,110 | 2.1% |
| Linde PLC(LIN) | SHS | G54950103 | $13.8M | 29,155 | 1.9% |
| Alphabet Inc(GOOG) | CAP STK CL C | 02079K107 | $13.5M | 55,252 | 1.9% |
| Booking Holdings Inc(BKNG) | COM | 09857L108 | $12.8M | 2,368 | 1.8% |
| Intercontinental Exchange in(ICE) | COM | 45866F104 | $11.6M | 68,811 | 1.6% |
| Parker-Hannifin Corp(PH) | COM | 701094104 | $11.6M | 15,253 | 1.6% |
| AIR Prods & Chems Inc(APD) | COM | 009158106 | $11.3M | 41,453 | 1.6% |
| Amazon COM Inc(AMZN) | COM | 023135106 | $11.0M | 49,914 | 1.5% |
| Landbridge Company LLC(LB) | CL A | 514952100 | $10.8M | 202,340 | 1.5% |
| Franco NEV Corp(FNV) | COM | 351858105 | $10.8M | 48,399 | 1.5% |
| Caci Intl Inc(CACI) | CL A | 127190304 | $10.7M | 21,514 | 1.5% |
| Chevron Corp New(CVX) | COM | 166764100 | $10.7M | 68,690 | 1.5% |
| CME Group Inc(CME) | COM | 12572Q105 | $10.6M | 39,174 | 1.5% |
| Microsoft Corp(MSFT) | COM | 594918104 | $10.3M | 19,792 | 1.4% |
| Lowes COS Inc(LOW) | COM | 548661107 | $10.0M | 39,702 | 1.4% |
| TJX COS Inc New(TJX) | COM | 872540109 | $9.8M | 68,105 | 1.4% |
| Caterpillar Inc(CAT) | COM | 149123101 | $9.7M | 20,325 | 1.4% |
| Visa Inc(V) | COM CL A | 92826C839 | $8.1M | 23,777 | 1.1% |
| Strategy Inc(MSTR) | CL A NEW | 594972408 | $8.1M | 25,000 | 1.1% |
| Union PAC Corp(UNP) | COM | 907818108 | $7.8M | 33,115 | 1.1% |
| Lockheed Martin Corp(LMT) | COM | 539830109 | $7.3M | 14,567 | 1.0% |
| Qualcomm Inc(QCOM) | COM | 747525103 | $7.1M | 42,950 | 1.0% |
| Boeing Co(BA) | COM | 097023105 | $6.5M | 30,080 | 0.9% |
| Becton Dickinson & Co(BDX) | COM | 075887109 | $6.0M | 32,116 | 0.8% |
| Freeport-Mcmoran Inc(FCX) | CL B | 35671D857 | $5.8M | 148,025 | 0.8% |
| Williams COS Inc(WMB) | COM | 969457100 | $5.8M | 91,122 | 0.8% |
| International Business Machs(IBM) | COM | 459200101 | $5.5M | 19,377 | 0.8% |
| Marriott Intl Inc New(MAR) | CL A | 571903202 | $5.1M | 19,490 | 0.7% |
| Mesabi TR(MSB) | CTF BEN INT | 590672101 | $4.9M | 167,425 | 0.7% |
| Fedex Corp(FDX) | COM | 31428X106 | $4.8M | 20,323 | 0.7% |
| Alphabet Inc(GOOGL) | CAP STK CL A | 02079K305 | $4.4M | 18,097 | 0.6% |
| Berkshire Hathaway Inc del(BRK/B) | CL B NEW | 084670702 | $4.3M | 8,606 | 0.6% |
| Johnson & Johnson(JNJ) | COM | 478160104 | $4.3M | 23,221 | 0.6% |
| The Cigna Group(CI) | COM | 125523100 | $4.1M | 14,201 | 0.6% |
| Waste Mgmt Inc del(WM) | COM | 94106L109 | $4.0M | 18,231 | 0.6% |
| Listed FDS TR(INFL) | HORIZON KINETICS | 53656F623 | $3.9M | 87,130 | 0.5% |
| Hawaiian Elec Industries(HE) | COM | 419870100 | $3.8M | 341,300 | 0.5% |
| Sysco Corp(SYY) | COM | 871829107 | $3.7M | 44,335 | 0.5% |