13F HOLDINGS REPORT
MAD RIVER INVESTORS
Quarter ended Q3 2024 · Filed October 22, 2024 · Accession 0001384484-24-000009
Total Value
$180.3M
Positions
26
Other Managers
0
Confidential Omitted
No
Holdings (26)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | TEXAS PACIFIC LAND CORPORATI | TPL | 97,778 | $86.5M | 47.99% |
| 2 | GRAYSCALE BITCOIN TR BTC | GBTC | 389,745 | $19.7M | 10.92% |
| 3 | LANDBRIDGE | LB | 232,550 | $9.1M | 5.05% |
| 4 | WHEATON PRECIOUS METALS CORP | WPM | 147,288 | $9.0M | 4.99% |
| 5 | CACI INTL INC | 127190304 | 16,560 | $8.4M | 4.63% |
| 6 | MESABI TR | MSB | 293,069 | $6.6M | 3.68% |
| 7 | CIVEO CORP CDA | CVEO | 230,258 | $6.3M | 3.50% |
| 8 | FIDELITY WISE ORIGIN BITCOIN | FBTC | 81,149 | $4.5M | 2.50% |
| 9 | FRANCO NEV CORP | FNV | 32,600 | $4.1M | 2.25% |
| 10 | CARNIVAL CORP | CUKPF | 199,596 | $3.7M | 2.05% |
| 11 | VANGUARD INDEX FDS | 922908769 | 12,122 | $3.4M | 1.90% |
| 12 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 7,225 | $3.3M | 1.84% |
| 13 | PERMIAN BASIN RTY TR | 714236106 | 276,382 | $3.3M | 1.82% |
| 14 | GRAYSCALE BITCOIN MINI TR BT | 389930108 | 390,445 | $2.2M | 1.22% |
| 15 | VANGUARD SPECIALIZED FUNDS | 921908844 | 9,065 | $1.8M | 1.00% |
| 16 | EAGLE MATLS INC | 26969P108 | 5,672 | $1.6M | 0.90% |
| 17 | CBOE GLOBAL MKTS INC | 12503M108 | 6,080 | $1.2M | 0.69% |
| 18 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 7,625 | $1.2M | 0.68% |
| 19 | SANDSTORM GOLD LTD | 80013R206 | 193,249 | $1.2M | 0.64% |
| 20 | TEJON RANCH CO | TRC | 56,399 | $989,809 | 0.55% |
| 21 | RLI CORP | RLI | 5,500 | $852,390 | 0.47% |
| 22 | ISHARES TR | 464288240 | 7,747 | $443,284 | 0.25% |
| 23 | CME GROUP INC | CME | 1,318 | $290,735 | 0.16% |
| 24 | INVESCO EXCHANGE TRADED FD T | IVZ | 1,508 | $270,174 | 0.15% |
| 25 | DISNEY WALT CO | 254687106 | 2,400 | $230,856 | 0.13% |
| 26 | RENN FD INC | 759720105 | 28,000 | $59,360 | 0.03% |