Mad-River-Investors

AI_NATIVE detailed information: This accession holds the following tickers:[
  "PBT",
  "SAND",
  "ARIS",
  "FNV",
  null,
  "ICE",
  "MSB",
  "HE",
  null,
  "EXP",
  "VIG",
  "RLI",
  null,
  "LB",
  "TPL",
  "WPM",
  null,
  "BRK-B",
  "CACI",
  "CCL",
  "CBOE",
  "RSP",
  "DIS",
  "VTI"
]

Filing Details

13F-HR • 2025-03-31

SEC FilingSEC DataHachi Filing

Report Date: 2025-03-31
Filing Date: 2025-04-22
Total Holdings: 24
Total Value: 236046816
Accession Number: 0001384484-25-000005
Form Type: 13F-HR
CIK: mad-river-investors
Manager Name: Mad-River-Investors

Data Enrichment

83% identified

20 identified4 unidentified

Holdings

SEC FilingSEC DataHachi Filing

Manager:

24 positions • $236.0M total value

SEC FilingSEC DataHachi Filing

Manager:

Search and click to pin securities to the top

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Texas Pacific Land Corp

TPL|88262P102

Shares:95.2K

Value:$126.1M

% of Portfolio:53.4% ($126.1M/$236.0M)

389637109

Shares:372.5K

Value:$24.3M

% of Portfolio:10.3% ($24.3M/$236.0M)

LandBridge Co LLC

LB|514952100

Shares:234.3K

Value:$16.9M

% of Portfolio:7.1% ($16.9M/$236.0M)

HAWAIIAN ELECTRIC INDUSTRIES INC

HE|419870100

Shares:1.2M

Value:$13.3M

% of Portfolio:5.6% ($13.3M/$236.0M)

Wheaton Precious Metals Corp.

WPM|962879102

Shares:147.8K

Value:$11.5M

% of Portfolio:4.9% ($11.5M/$236.0M)

MESABI TRUST

MSB|590672101

Shares:296.5K

Value:$8.1M

% of Portfolio:3.4% ($8.1M/$236.0M)

315948109

Shares:75.1K

Value:$5.4M

% of Portfolio:2.3% ($5.4M/$236.0M)

PERMIAN BASIN ROYALTY TRUST

PBT|714236106

Shares:471.7K

Value:$4.7M

% of Portfolio:2.0% ($4.7M/$236.0M)

FRANCO NEVADA Corp

FNV|351858105

Shares:27.8K

Value:$4.4M

% of Portfolio:1.9% ($4.4M/$236.0M)

CARNIVAL CORP

CCL|143658300

Shares:188.1K

Value:$3.7M

% of Portfolio:1.6% ($3.7M/$236.0M)

922908769

VTI|922908769

Shares:12.1K

Value:$3.3M

% of Portfolio:1.4% ($3.3M/$236.0M)

389930207

Shares:78.3K

Value:$2.9M

% of Portfolio:1.2% ($2.9M/$236.0M)

Aris Water Solutions, Inc.

ARIS|04041L106

Shares:74.9K

Value:$2.4M

% of Portfolio:1.0% ($2.4M/$236.0M)

17878Y207

Shares:79.5K

Value:$1.8M

% of Portfolio:0.8% ($1.8M/$236.0M)

Cboe Global Markets, Inc.

CBOE|12503M108

Shares:6.2K

Value:$1.4M

% of Portfolio:0.6% ($1.4M/$236.0M)

Intercontinental Exchange, Inc.

ICE|45866F104

Shares:7.5K

Value:$1.3M

% of Portfolio:0.5% ($1.3M/$236.0M)

921908844

VIG|921908844

Shares:6.2K

Value:$1.2M

% of Portfolio:0.5% ($1.2M/$236.0M)

BERKSHIRE HATHAWAY INC

BRK-B|084670702

Shares:1.9K

Value:$1.0M

% of Portfolio:0.4% ($1.0M/$236.0M)

RLI CORP

RLI|749607107

Shares:9.0K

Value:$723.0K

% of Portfolio:0.3% ($723.0K/$236.0M)

SANDSTORM GOLD LTD

SAND|80013R206

Shares:64.4K

Value:$485.9K

% of Portfolio:0.2% ($485.9K/$236.0M)

Instrument	Shares		Other Manager	Value	% of Portfolio
Texas Pacific Land Corp(TPLcusip88262P102)	95.2K	QoQ -0.78% (-755) YoY -4.93% (-4.9K)	All Managers (Combined)	$126.1M	53.4% ($126.1M/$236.0M)	QoQ +18.86% (-$20.0M) YoY +117.73% (-$68.2M)
(cusip389637109)✕	372.5K	QoQ -3.45% (-13.3K) YoY -6.81% (-27.2K)	All Managers (Combined)	$24.3M	10.3% ($24.3M/$236.0M)	QoQ -14.99% (-$4.3M) YoY -3.86% (-$976.0K)
LandBridge Co LLC(LBcusip514952100)	234.3K	QoQ +0.34% (+801) YoY NEW(+234.3K)	All Managers (Combined)	$16.9M	7.1% ($16.9M/$236.0M)	QoQ +11.74% (+$1.8M) YoY NEW(+$16.9M)
HAWAIIAN ELECTRIC INDUSTRIES INC(HEcusip419870100)	1.2M	QoQ +910.72% (+1.1M) YoY NEW(+1.2M)	All Managers (Combined)	$13.3M	5.6% ($13.3M/$236.0M)	QoQ +1037.45% (+$12.1M) YoY NEW(+$13.3M)
Wheaton Precious Metals Corp.(WPMcusip962879102)	147.8K	QoQ +0.20% (+300) YoY -3.24% (-5.0K)	All Managers (Combined)	$11.5M	4.9% ($11.5M/$236.0M)	QoQ +38.31% (+$3.2M) YoY +59.37% (-$4.3M)
MESABI TRUST(MSBcusip590672101)	296.5K	QoQ +0.52% (-1.6K) YoY +3.71% (+10.6K)	All Managers (Combined)	$8.1M	3.4% ($8.1M/$236.0M)	QoQ -2.72% (-$226.0K) YoY +59.38% (+$3.0M)
(cusip315948109)✕	75.1K	QoQ -1.63% (-1.2K) YoY -11.83% (-10.1K)	All Managers (Combined)	$5.4M	2.3% ($5.4M/$236.0M)	QoQ -13.21% (-$822.8K) YoY +2.24% (-$118.5K)
PERMIAN BASIN ROYALTY TRUST(PBTcusip714236106)	471.7K	QoQ +91.51% (+225.4K) YoY +86.84% (+219.2K)	All Managers (Combined)	$4.7M	2.0% ($4.7M/$236.0M)	QoQ +71.29% (+$1.9M) YoY +53.02% (+$1.6M)
FRANCO NEVADA Corp(FNVcusip351858105)	27.8K	QoQ -14.06% (-4.5K) YoY -14.19% (-4.6K)	All Managers (Combined)	$4.4M	1.9% ($4.4M/$236.0M)	QoQ +15.14% (-$576.3K) YoY +13.45% (-$519.4K)
CARNIVAL CORP(CCLcusip143658300)	188.1K	QoQ -2.48% (-4.8K) YoY -11.44% (-24.3K)	All Managers (Combined)	$3.7M	1.6% ($3.7M/$236.0M)	QoQ -23.57% (-$1.1M) YoY +5.84% (-$202.9K)
(VTIcusip922908769)	12.1K	QoQ 0.00% (-0) YoY -2.88% (-360)	All Managers (Combined)	$3.3M	1.4% ($3.3M/$236.0M)	QoQ -5.16% (-$181.5K) YoY +2.69% (-$87.5K)
(cusip389930207)✕	78.3K	QoQ +0.25% (-200) YoY NEW(+78.3K)	All Managers (Combined)	$2.9M	1.2% ($2.9M/$236.0M)	QoQ -12.62% (-$412.8K) YoY NEW(+$2.9M)
Aris Water Solutions, Inc.(ARIScusip04041L106)	74.9K	QoQ NEW(+74.9K) YoY NEW(+74.9K)	All Managers (Combined)	$2.4M	1.0% ($2.4M/$236.0M)	QoQ NEW(+$2.4M) YoY NEW(+$2.4M)
(cusip17878Y207)✕	79.5K	QoQ -63.32% (-137.3K) YoY -67.13% (-162.4K)	All Managers (Combined)	$1.8M	0.8% ($1.8M/$236.0M)	QoQ -62.87% (-$3.1M) YoY -71.84% (-$4.7M)
Cboe Global Markets, Inc.(CBOEcusip12503M108)	6.2K	QoQ +0.16% (+10) YoY +2.22% (+135)	All Managers (Combined)	$1.4M	0.6% ($1.4M/$236.0M)	QoQ +15.99% (+$193.9K) YoY +25.89% (+$289.2K)
Intercontinental Exchange, Inc.(ICEcusip45866F104)	7.5K	QoQ +0.66% (+50) YoY -2.33% (-180)	All Managers (Combined)	$1.3M	0.5% ($1.3M/$236.0M)	QoQ +16.53% (+$184.1K) YoY +22.59% (-$239.1K)
(VIGcusip921908844)	6.2K	QoQ -31.60% (-2.9K) YoY -38.32% (-3.9K)	All Managers (Combined)	$1.2M	0.5% ($1.2M/$236.0M)	QoQ -32.24% (-$572.5K) YoY -34.47% (-$632.9K)
BERKSHIRE HATHAWAY INC(BRK-Bcusip084670702)	1.9K	QoQ -71.74% (-4.8K) YoY -75.68% (-5.9K)	All Managers (Combined)	$1.0M	0.4% ($1.0M/$236.0M)	QoQ -66.80% (-$2.0M) YoY -69.20% (-$2.3M)
RLI CORP(RLIcusip749607107)	9.0K	QoQ +63.63% (-3.5K) YoY +63.63% (-3.5K)	All Managers (Combined)	$723.0K	0.3% ($723.0K/$236.0M)	QoQ -20.25% (-$183.6K) YoY -11.46% (-$93.6K)
SANDSTORM GOLD LTD(SANDcusip80013R206)	64.4K	QoQ -64.84% (-118.7K) YoY -65.95% (-124.7K)	All Managers (Combined)	$485.9K	0.2% ($485.9K/$236.0M)	QoQ -52.43% (-$535.8K) YoY -51.03% (-$506.6K)