Mad River Investors Top Holdings and 13F Report (2025) About Mad River InvestorsInvestment ActivityMad River Investors has $223.28 million in total holdings as of June 30, 2025.Mad River Investors owns shares of 24 different stocks, but just 6 companies or ETFs make up 80% of its holdings.Approximately 2.57% of the portfolio was purchased this quarter.About 4.95% of the portfolio was sold this quarter.This quarter, Mad River Investors has purchased 25 new stocks and bought additional shares in 6 stocks.Mad River Investors sold shares of 13 stocks and completely divested from 1 stock this quarter.Largest Holdings Texas Pacific Land $100,370,944GRAYSCALE BITCOIN TRUST ETF $31,589,081LANDBRIDGE COMPANY LLC $15,864,708Hawaiian Electric Industries $13,031,317Permian Basin Royalty Trust $11,013,607 Largest Purchases this Quarter Permian Basin Royalty Trust 412,224 shares (about $5.14M)Aris Water Solutions 13,600 shares (about $321.64K)Cboe Global Markets 465 shares (about $108.44K)Hawaiian Electric Industries 10,000 shares (about $106.30K)LANDBRIDGE COMPANY LLC 501 shares (about $33.86K) Largest Sales this Quarter Permian Basin Royalty Trust 463,693 shares (about $5.78M)Wheaton Precious Metals 31,868 shares (about $2.86M)Franco-Nevada 3,749 shares (about $614.54K)Berkshire Hathaway 725 shares (about $352.18K)Civeo 11,559 shares (about $266.90K) Sector Allocation Over TimeMap of 500 Largest Holdings ofMad River Investors Selling Neutral Buying Latest 13F Holdings and Changes Since Previous Quarterly FilingIssuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSectorTPLTexas Pacific Land$100,370,944$179,587 ▼-0.2%95,01345.0%EnergyGRAYSCALE BITCOIN TRUST ETF$31,589,081$8,483 ▼0.0%372,38114.1%SHS REP COM UTLANDBRIDGE COMPANY LLC$15,864,708$33,858 ▲0.2%234,7547.1%CL AHEHawaiian Electric Industries$13,031,317$106,300 ▲0.8%1,225,9005.8%UtilitiesPBTPermian Basin Royalty Trust$11,013,607$5,136,312 ▲87.4%883,9174.9%EnergyWPMWheaton Precious Metals$10,410,107$2,861,758 ▼-21.6%115,9254.7%Basic MaterialsMSBMesabi Trust$7,078,099$25,014 ▼-0.4%295,4133.2%Basic MaterialsFIDELITY WISE ORIGIN BITCOIN$6,885,802$168,430 ▼-2.4%73,2613.1%SHSCCLCarnival$5,168,351$120,916 ▼-2.3%183,7962.3%Consumer DiscretionaryFNVFranco-Nevada$3,942,762$614,535 ▼-13.5%24,0531.8%Basic MaterialsGRAYSCALE BITCOIN MINI TR ET$3,738,1570.0%78,2861.7%SHS NEWVTIVanguard Total Stock Market ETF$3,684,2400.0%12,1221.7%ETFARISAris Water Solutions$2,093,025$321,640 ▲18.2%88,5000.9%Business ServicesCVEOCiveo$1,568,685$266,897 ▼-14.5%67,9380.7%Consumer DiscretionaryCBOECboe Global Markets$1,557,762$108,437 ▲7.5%6,6800.7%Financial ServicesICEIntercontinental Exchange$1,411,875$32,109 ▲2.3%7,6950.6%FinanceVIGVanguard Dividend Appreciation ETF$1,268,9540.0%6,2000.6%ETFBRK.BBerkshire Hathaway$570,780$352,183 ▼-38.2%1,1750.3%FinanceRLIRLI$541,650$108,330 ▼-16.7%7,5000.2%FinanceSANDSandstorm Gold$457,538$147,487 ▼-24.4%48,6740.2%Basic MaterialsCACICACI International$407,5790.0%8550.2%Computer and TechnologyRSPInvesco S&P 500 Equal Weight ETF$274,0640.0%1,5080.1%ETFEXPEagle Materials$248,700$176,777 ▼-41.5%1,2310.1%ConstructionPBTPermian Basin Royalty Trust$99,680$5,777,615 ▼-98.3%8,0000.0%EnergyDISWalt Disney$0$236,880 ▼-100.0%00.0%Consumer DiscretionaryShowing largest 100 holdings. View all holdings. More Institutional Buying and Selling Information SEC Filings and Trading Data SEC Filings 13F Filings Top 13F Buys Top 13F Sells Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
