13F HOLDINGS REPORT
MAD RIVER INVESTORS
Quarter ended Q4 2023 · Filed October 18, 2023 · Accession 0001384484-23-000008
Total Value
$141.3M
Positions
25
Other Managers
0
Confidential Omitted
No
Holdings (25)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | TEXAS PACIFIC LAND CORPORATI | TPL | 40,393 | $73.7M | 52.12% |
| 2 | WHEATON PRECIOUS METALS CORP | WPM | 189,971 | $7.7M | 5.45% |
| 3 | PERMIAN BASIN RTY TR | 714236106 | 335,730 | $7.1M | 5.05% |
| 4 | MESABI TR | MSB | 355,310 | $7.1M | 5.05% |
| 5 | CACI INTL INC | 127190304 | 21,680 | $6.8M | 4.82% |
| 6 | CIVEO CORP CDA | CVEO | 325,489 | $6.7M | 4.77% |
| 7 | FRANCO NEV CORP | FNV | 41,805 | $5.6M | 3.95% |
| 8 | CARNIVAL CORP | CUKPF | 291,500 | $4.0M | 2.83% |
| 9 | ASSOCIATED CAP GROUP INC | 045528106 | 99,650 | $3.6M | 2.57% |
| 10 | TEJON RANCH CO | TRC | 213,425 | $3.5M | 2.45% |
| 11 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 7,863 | $2.8M | 1.95% |
| 12 | VANGUARD INDEX FDS | 922908769 | 12,482 | $2.7M | 1.88% |
| 13 | VANGUARD SPECIALIZED FUNDS | 921908844 | 10,052 | $1.6M | 1.11% |
| 14 | CME GROUP INC | CME | 7,444 | $1.5M | 1.05% |
| 15 | CBOE GLOBAL MKTS INC | 12503M108 | 8,855 | $1.4M | 0.98% |
| 16 | SANDSTORM GOLD LTD | 80013R206 | 292,615 | $1.4M | 0.96% |
| 17 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 10,430 | $1.1M | 0.81% |
| 18 | BOEING CO | BA-PA | 5,078 | $973,352 | 0.69% |
| 19 | RLI CORP | RLI | 5,500 | $747,395 | 0.53% |
| 20 | ISHARES TR | 464288240 | 8,125 | $381,957 | 0.27% |
| 21 | LIBERTY MEDIA CORP DEL | FWONB | 4,698 | $292,686 | 0.21% |
| 22 | INVESCO EXCHANGE TRADED FD T | IVZ | 1,626 | $230,388 | 0.16% |
| 23 | HOWARD HUGHES HOLDINGS INC | HHH | 3,050 | $226,097 | 0.16% |
| 24 | RUMBLE INC | RUMBW | 41,500 | $211,650 | 0.15% |
| 25 | RENN FD INC | 759720105 | 28,000 | $50,120 | 0.04% |