Institutions / Mad River Investors

Mad River Investors

CIK 1384484 · Institution · as of Mar 31, 2026
Portfolio value
$277.17M
Positions
31
As of
Mar 31, 2026

Portfolio trend

Portfolio value

$277.17M+26.3%
$277.17M$248.31M$219.45MQ4 '25Q1 '26

Positions

31-8.8%
343331Q4 '25Q1 '26

Top holdings

Mar 31, 2026View all 31 →
CompanyClassValueShares% of portfolio
Texas Pacific Land Corp$135.31M285,12048.8%
Permian Basin Royalty Trust$21.59M1,003,1407.8%
Hawaiian Electric Industries Inc$19.55M1,317,0507.1%
Grayscale Bitcoin Trust ETF$19.00M360,1396.9%
LandBridge Co LLCLBCommon Stock$18.39M266,3856.6%
Wheaton Precious Metals Corp$11.70M89,2714.2%
Mesabi Trust$10.13M321,5463.7%
WaterBridge Infrastructure LLC$7.26M270,9002.6%
Franco Nev Corp$5.83M23,5902.1%
Fidelity Wise Origin Bitcoin$4.15M70,3391.5%
Carnival Corp Ltd.$4.04M156,1811.5%
Miami International Holdings, Inc.MIAXCommon Stock$3.16M81,2501.1%
Vanguard Index Fds$2.82M8,8001.0%
Grayscale Bitcoin Mini Tr Et$2.44M81,2170.9%
Cboe Global Markets Inc$1.88M6,6800.7%
Apple Inc.$1.29M5,1000.5%
Intercontinental Exchange, Inc.$1.20M7,6450.4%
Oracle Corp$1.18M8,0500.4%
Palo Alto Networks Inc$879.2K5,4840.3%
Amazon.com Inc$728.9K3,5000.3%
Royal Gold Inc$626.8K2,4630.2%
Cincinnati Financial Corp$566.5K3,6000.2%
Cisco Systems, Inc.$465.5K6,0000.2%
Unitedhealth Group Inc$460.0K1,7000.2%
Caci International Inc /De$437.8K8050.2%

Activity

InsidersInstitutions
This fund's 13F position changes — what it's buying and selling.
DateActionCompanyValueShares ΔPosition afterImpact
Q1 2026
as of
Trim962879102
Common stock
$-1.09M-8K
-8.54%
89,271
4.22% of portfolio
low
Q1 2026
as of
Trim922908769
Common stock
$-1.07M-3K
-27.40%
8,800
1.02% of portfolio
low
Q1 2026
as of
AddMesabi Trust
Common stock
$784.3K+25K
+8.39%
321,546
3.65% of portfolio
low
Q1 2026
as of
AddHawaiian Electric Industries Inc
Common stock
$488.2K+33K
+2.56%
1,317,050
7.05% of portfolio
low
Q1 2026
as of
TrimTexas Pacific Land Corp
Common stock
$-457.0K-963
-0.34%
285,120
48.82% of portfolio
low
Q1 2026
as of
AddWaterBridge Infrastructure LLC
Common stock
$372.4K+14K
+5.41%
270,900
2.62% of portfolio
low
Q1 2026
as of
AddPermian Basin Royalty Trust
Common stock
$351.2K+16K
+1.65%
1,003,140
7.79% of portfolio
low
Q1 2026
as of
ExitCitigroup Inc
Common stock
$-350.1K-3K
-100.00%
0
low
Q1 2026
as of
Exit46137V357
Common stock
$-288.9K-2K
-100.00%
0
low
Q1 2026
as of
ExitKimberly Clark Corp
Common stock
$-282.5K-3K
-100.00%
0
low