Q3 2025 Holdings
Filed 2025-11-06 | 105 holdings | $163.2M | 13F-HR | View on SEC ↗ · Holdings Table ↗
Sign in to see sub-manager breakdown
| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Sprott Asset Management LP(PHYS/U) | PHYSICAL GOLD TR | 85207H104 | $18.1M | 610,666 | 11.1% |
| Berkshire Hathaway Inc del(BRK/B) | CL B NEW | 084670702 | $14.2M | 28,227 | 8.7% |
| Dorchester Minerals LP(DMLP) | COM UNIT | 25820R105 | $10.7M | 413,972 | 6.6% |
| Suncor Energy Inc New(SU) | COM | 867224107 | $10.3M | 247,347 | 6.3% |
| Natural Resource Partners L(NRP) | COM UNIT LTD PAR | 63900P608 | $8.2M | 77,967 | 5.0% |
| Canadian NAT RES LTD(CNQ) | COM | 136385101 | $6.1M | 191,528 | 3.7% |
| Eagle Matls Inc(EXP) | COM | 26969P108 | $4.7M | 20,089 | 2.9% |
| Franco NEV Corp(FNV) | COM | 351858105 | $4.2M | 18,826 | 2.6% |
| Tortoise Energy Infra Corp(TYG) | COM | 89147L886 | $4.0M | 92,828 | 2.5% |
| Enterprise Prods Partners L(EPD) | COM | 293792107 | $3.9M | 124,775 | 2.4% |
| Honeywell Intl Inc(HON) | COM | 438516106 | $3.8M | 17,853 | 2.3% |
| Lockheed Martin Corp(LMT) | COM | 539830109 | $3.1M | 6,221 | 1.9% |
| Legacy Housing Corp(LEGH) | COM | 52472M101 | $2.8M | 102,398 | 1.7% |
| Vaneck Merk Gold ETF(OUNZ) | GOLD SHS | 921078101 | $2.7M | 71,698 | 1.6% |
| OR Royalties Inc.(OR) | COM SHS | 68390D106 | $2.5M | 62,480 | 1.5% |
| WP Carey Inc(WPC) | COM | 92936U109 | $2.5M | 36,698 | 1.5% |
| Oneok Inc New(OKE) | COM | 682680103 | $2.3M | 31,642 | 1.4% |
| SKY Harbour Group Corporatio(SKYH) | COM CL A | 83085C107 | $2.2M | 221,081 | 1.3% |
| Sandstorm Gold LTD(AYS1) | COM NEW | 80013R206 | $2.2M | 173,913 | 1.3% |
| Peakstone Realty Trust(PKST) | COMMON SHARES | 39818P799 | $2.2M | 164,127 | 1.3% |
| Valaris LTD(VAL) | CL A | G9460G101 | $1.9M | 39,766 | 1.2% |
| Lowes COS Inc(LOW) | COM | 548661107 | $1.9M | 7,554 | 1.2% |
| Kinder Morgan Inc del(KMI) | COM | 49456B101 | $1.9M | 66,485 | 1.2% |
| Enbridge Inc(ENB) | COM | 29250N105 | $1.8M | 35,295 | 1.1% |
| FRP Hldgs Inc(FRPH) | COM | 30292L107 | $1.8M | 72,722 | 1.1% |
| Canadian Pacific Kansas City(CP) | COM | 13646K108 | $1.6M | 22,076 | 1.0% |
| Knife River Corp(KNF) | COMMON STOCK | 498894104 | $1.6M | 20,930 | 1.0% |
| First TR Exchange Traded FD(GRID) | NASDQ CLN EDGE | 33737A108 | $1.5M | 9,808 | 0.9% |
| Boston Omaha Corp(BOC) | CL A COM STK | 101044105 | $1.4M | 108,547 | 0.9% |
| Home Depot Inc(HD) | COM | 437076102 | $1.3M | 3,316 | 0.8% |
| Lincoln Elec Hldgs Inc(LECO) | COM | 533900106 | $1.3M | 5,407 | 0.8% |
| Spdr Series Trust(XAR) | AEROSPACE DEF | 78464A631 | $1.3M | 5,367 | 0.8% |
| Penske Automotive GRP Inc(PAG) | COM | 70959W103 | $1.2M | 6,636 | 0.7% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $1.1M | 6,387 | 0.7% |
| Corporacion Amer Arpts S A(CAAP) | COM | L1995B107 | $1.1M | 58,444 | 0.6% |
| Imperial Oil LTD(IMO) | COM NEW | 453038408 | $1.1M | 11,632 | 0.6% |
| ST JOE Co(JOE) | COM | 790148100 | $1.0M | 20,524 | 0.6% |
| VOX Royalty Corp(VOXR) | COM | 92919F103 | $923.6K | 214,779 | 0.6% |
| Trimble Inc(TRMB) | COM | 896239100 | $914.7K | 11,203 | 0.6% |
| Lamar Advertising Co New(LAMR) | CL A | 512816109 | $862.1K | 7,042 | 0.5% |
| Alphabet Inc(GOOGL) | CAP STK CL A | 02079K305 | $834.8K | 3,434 | 0.5% |
| Newmont Corp(NEM) | COM | 651639106 | $744.5K | 8,830 | 0.5% |
| Amrize LTD(AMRZ) | SHS | H2927K103 | $732.8K | 15,100 | 0.4% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $732.8K | 6,552 | 0.4% |
| TD Synnex Corporation(SNX) | COM | 87162W100 | $729.5K | 4,455 | 0.4% |
| Wesco Intl Inc(WCC) | COM | 95082P105 | $699.4K | 3,307 | 0.4% |
| Noble Corp PLC(NE) | ORD SHS A | G65431127 | $693.7K | 24,530 | 0.4% |
| South BOW Corp(SOBO) | COM | 83671M105 | $682.5K | 24,125 | 0.4% |
| American Intl Group Inc(AIG) | COM NEW | 026874784 | $673.9K | 8,580 | 0.4% |
| Sprouts Fmrs MKT Inc(SFM) | COM | 85208M102 | $667.8K | 6,138 | 0.4% |