Q1 2026 Holdings
Filed 2026-05-11 | 29 holdings | $112.9M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Texas Pacific Land Corp(TPL) | COM | 88262P102 | $70.9M | 149,458 | 62.8% |
| Grayscale Bitcoin Trust(GBTC) | SHS REP COM UT | 389637109 | $22.1M | 419,620 | 19.6% |
| Landbridge Co LLC(LB) | CL A | 514952100 | $6.5M | 93,756 | 5.7% |
| Permian Basin Royalty Trust(PBT) | UNIT BEN INT | 714236106 | $5.2M | 240,342 | 4.6% |
| Grayscale Bitcoin Mini Trust(BTC) | SHS NEW | 389930207 | $3.1M | 103,200 | 2.7% |
| Hawaiian Electric Industries Inc(HE) | COM | 419870100 | $2.5M | 167,460 | 2.2% |
| Mesabi Trust(MSB) | CTF BEN INT | 590672101 | $1.4M | 45,114 | 1.3% |
| Howard Hughes Holdings Inc(HHH) | COM | 44267T102 | $379.6K | 6,000 | 0.3% |
| Waterbridge Infrastruc(WBI) | CL A SHS REPSTG | 940923105 | $334.9K | 12,500 | 0.3% |
| Miami International Holdings(MIAX) | COM | 59356Q108 | $280.2K | 7,200 | 0.2% |
| Novo Nordisk A/S(NVO) | NOVO NORDISK ASB | 670100205 | $68.6K | 1,868 | 0.1% |
| Civeo Corp(CVEO) | COM NEW | 17878Y207 | $31.4K | 1,188 | 0.0% |
| Seaport Entertainment Group(SEG) | COMMON STOCK | 812215200 | $26.9K | 1,254 | 0.0% |
| Carnival Corp(CCL) | COMMON STOCK | 143658300 | $11.8K | 455 | 0.0% |
| Royal Caribbean Group | COM | V7790T103 | $8.8K | 32 | 0.0% |
| Bakkt Holdings Inc(BKKT) | COM CL A NEW | 05759B305 | $8.4K | 1,147 | 0.0% |
| Alliance Resource Partners(ARLP) | UT LTD PART | 01877R108 | $8.2K | 296 | 0.0% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $5.8K | 44 | 0.0% |
| Ishares Bitcoin Trust(IBIT) | SHS BEN INT | 46438F101 | $3.9K | 102 | 0.0% |
| Novagold Resources Inc(NG) | COM NEW | 66987E206 | $3.6K | 400 | 0.0% |
| Tejon Ranch Co(TRC) | COM | 879080109 | $1.5K | 81 | 0.0% |
| Circle Internet Group Inc(CRCL) | COM CL A | 172573107 | $572 | 6 | 0.0% |
| iShares Silver Trust(SLV) | ISHARES | 46428Q109 | $545 | 8 | 0.0% |
| Burford Capital LTD(BUR) | ORD SHS | G17977110 | $325 | 76 | 0.0% |
| Trilogy Metals Inc(TMQ) | COM | 89621C105 | $237 | 66 | 0.0% |
| Fermi Inc(FRMI) | COM | 314911108 | $187 | 32 | 0.0% |
| Plains All Amer Pipeline LP(PAA) | UNIT LTD PARTN | 726503105 | $45 | 2 | 0.0% |
| Energy Transfer LP(ET) | COM UT LTD PTN | 29273V100 | $39 | 2 | 0.0% |
| Canton Strategic Holdings in(CNTN) | COM | 432705309 | $7 | 2 | 0.0% |