Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q4 2024 ▲▼ | Q1 2025 ▲▼ | Change ▲▼ | Q4 2024 ▲▼ | Q1 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| TEXAS PACIFIC LAND CORP(TPL) | 3,606,579 | 3,595,090 | -11,489 | 3,988,732 | 4,763,458 | 54.04% | +774,726 |
| HAWAIIAN ELEC INDUSTRIES(HE) | 2,379,498 | 12,657,000 | +10,277,502 | 23,153 | 138,594 | 1.57% | +115,442 |
| WHEATON PRECIOUS METALS CORP(WPM) | 0 | 2,956,694 | +2,956,694 | 0 | 229,528 | 2.60% | +229,528 |
| LANDBRIDGE COMPANY LLC(LB) | 5,399,275 | 5,486,957 | +87,682 | 348,793 | 394,732 | 4.48% | +45,938 |
| FRANCO NEVADA CORP(FNV) | 0 | 1,016,774 | +1,016,774 | 0 | 160,203 | 1.82% | +160,203 |
| ARIS WATER SOLUTIONS INC | 229,308 | 1,464,286 | +1,234,978 | 5,492 | 46,916 | 0.53% | +41,424 |
| INTERCONTINENTAL EXCHANGE INC(ICE) | 804,581 | 818,261 | +13,680 | 119,891 | 141,150 | 1.60% | +21,259 |
| CBOE GLOBAL MARKETS INC(CBOE) | 0 | 418,256 | +418,256 | 0 | 94,647 | 1.07% | +94,647 |
| VANGUARD BD INDEX FDS VANGUARD ULTRA | 0 | 395,341 | +395,341 | 0 | 19,710 | 0.22% | +19,710 |
| CHENIERE ENERGY INC(LNG) | 0 | 0 | 0 | 105,137 | 112,020 | 1.27% | +6,883 |
| SAN JUAN BASIN RTY TR(SJT) | 1,814,214 | 2,470,132 | +655,918 | 6,948 | 13,660 | 0.15% | +6,711 |
| SANDSTORM GOLD LTD | 0 | 3,672,796 | +3,672,796 | 0 | 27,730 | 0.31% | +27,730 |
| OSISKO GOLD ROYALTIES LTD | 1,659,922 | 1,703,037 | +43,115 | 30,045 | 35,968 | 0.41% | +5,924 |
| MARSH & MCLENNAN COS INC(MRSH) | 144,628 | 148,593 | +3,965 | 30,720 | 36,261 | 0.41% | +5,541 |
| CME GROUP INC(CME) | 125,853 | 128,253 | +2,400 | 29,227 | 34,024 | 0.39% | +4,797 |
| ASSOCIATED CAP GROUP INC | 0 | 907,945 | +907,945 | 0 | 34,792 | 0.39% | +34,792 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | 0 | 43,121 | +43,121 | 0 | 22,965 | 0.26% | +22,965 |
| ROYAL GOLD INC(RGLD) | 0 | 74,628 | +74,628 | 0 | 12,202 | 0.14% | +12,202 |
| WHITE MTNS INS GROUP LTD COM | 10,089 | 11,345 | +1,256 | 19,624 | 21,848 | 0.25% | +2,225 |
| ROYALTY PHARMA PLC(RPRX) | 319,176 | 329,570 | +10,394 | 8,142 | 10,260 | 0.12% | +2,117 |
| EQT CORP(EQT) | 0 | 38,404 | +38,404 | 0 | 2,052 | 0.02% | +2,052 |
| FITLIFE BRANDS INC | 0 | 154,456 | +154,456 | 0 | 1,869 | 0.02% | +1,869 |
| ALLIANCE BERNSTEIN HLDG L P(AB) | 71,287 | 115,986 | +44,699 | 2,644 | 4,443 | 0.05% | +1,799 |
| ENERGY TRANSFER EQUITY L P(ET) | 311,724 | 409,166 | +97,442 | 6,107 | 7,606 | 0.09% | +1,500 |
| PHILIP MORRIS INTL INC(PM) | 0 | 38,294 | +38,294 | 0 | 6,078 | 0.07% | +6,078 |
| VANGUARD SCOTTSDALE FDS SHORT TERM TREAS | 0 | 237,864 | +237,864 | 0 | 13,960 | 0.16% | +13,960 |
| RB GLOBAL INC(RBA) | 110,630 | 110,839 | +209 | 9,980 | 11,117 | 0.13% | +1,137 |
| BROADRIDGE FINL SOLUTIONS IN(BR) | 0 | 6,599 | +6,599 | 0 | 1,600 | 0.02% | +1,600 |
| SITIO ROYALTIES CORP | 862,426 | 885,494 | +23,068 | 16,541 | 17,595 | 0.20% | +1,053 |
| WILLIAMS COS INC(WMB) | 172,890 | 172,665 | -225 | 9,357 | 10,318 | 0.12% | +962 |
| LISTED FD TR HORZN KNTCS SPAC | 0 | 131,597 | +131,597 | 0 | 13,271 | 0.15% | +13,271 |
| SABINE ROYALTY TR(SBR) | 109,921 | 118,281 | +8,360 | 7,124 | 8,006 | 0.09% | +882 |
| SPROTT INC(SII) | 192,466 | 198,915 | +6,449 | 8,116 | 8,925 | 0.10% | +809 |
| LIBERTY BROADBAND CORP(LBRDA) | 0 | 85,732 | +85,732 | 0 | 7,292 | 0.08% | +7,292 |
| EXXON MOBIL CORP | 0 | 54,459 | +54,459 | 0 | 6,477 | 0.07% | +6,477 |
| MASTERCARD INC(MA) | 19,291 | 19,630 | +339 | 10,158 | 10,759 | 0.12% | +602 |
| ISHARES TR | 0 | 2,960 | +2,960 | 0 | 590 | 0.01% | +590 |
| CHEVRON CORP(CVX) | 0 | 20,246 | +20,246 | 0 | 3,387 | 0.04% | +3,387 |
| BANCO SANTANDER S.A.(SAN) | 0 | 250,510 | +250,510 | 0 | 1,678 | 0.02% | +1,678 |
| FIDELITY NATIONAL FINANCIAL(FNF) | 0 | 58,071 | +58,071 | 0 | 3,779 | 0.04% | +3,779 |
| PROSHARES TR ULTRAPRO QQQ | 0 | 9,054 | +9,054 | 0 | 519 | 0.01% | +519 |
| THE SAINT JOE CO(JOE) | 0 | 550,339 | +550,339 | 0 | 25,838 | 0.29% | +25,838 |
| ALTRIA GROUP INC(MO) | 0 | 63,197 | +63,197 | 0 | 3,793 | 0.04% | +3,793 |
| ULTRAPRO QQQ | 0 | 12,596 | +12,596 | 0 | 483 | 0.01% | +483 |
| ABBVIE INC(ABBV) | 0 | 24,157 | +24,157 | 0 | 5,061 | 0.06% | +5,061 |
| RENN FUND INC(RCG) | 725,897 | 800,989 | +75,092 | 1,619 | 2,043 | 0.02% | +424 |
| JOHNSON & JOHNSON(JNJ) | 0 | 19,612 | +19,612 | 0 | 3,252 | 0.04% | +3,252 |
| ENTERPRISE PRODS PARTNERS L(EPD) | 130,752 | 132,087 | +1,335 | 4,100 | 4,509 | 0.05% | +409 |
| LISTED FD TR HORI KI INFL ETF | 95,267 | 98,346 | +3,079 | 3,628 | 3,998 | 0.05% | +370 |
| MARKEL GROUP INC(MKL) | 2,505 | 2,496 | -9 | 4,324 | 4,666 | 0.05% | +341 |
| RTX CORPORATION(RTX) | 0 | 20,519 | +20,519 | 0 | 2,718 | 0.03% | +2,718 |
| LISTED FD TR HORZN KINTCS BL | 122,143 | 131,939 | +9,796 | 3,389 | 3,678 | 0.04% | +288 |
| W P CAREY INC(WPC) | 0 | 34,750 | +34,750 | 0 | 2,193 | 0.02% | +2,193 |
| BUNGE GLOBAL SA(BG) | 0 | 328,171 | +328,171 | 0 | 25,079 | 0.28% | +25,079 |
| DOW INC(DOW) | 13,871 | 23,371 | +9,500 | 557 | 816 | 0.01% | +259 |
| NUTRIEN LTD(NTR) | 0 | 65,575 | +65,575 | 0 | 3,257 | 0.04% | +3,257 |
| UNITED RENTALS INC(URI) | 0 | 400 | +400 | 0 | 251 | 0.00% | +251 |
| LINDE PLC(LIN) | 0 | 2,750 | +2,750 | 0 | 1,281 | 0.01% | +1,281 |
| TELEFONICA S A(TEFOF) | 0 | 390,578 | +390,578 | 0 | 1,820 | 0.02% | +1,820 |
| ALPS ETF TR ALERIAN MLP ALERIAN MLP | 61,057 | 61,330 | +273 | 2,941 | 3,185 | 0.04% | +245 |
| SUNCOR ENERGY INC NEW(SU) | 0 | 77,944 | +77,944 | 0 | 3,018 | 0.03% | +3,018 |
| ELI LILLY AND COMPANY(LLY) | 0 | 4,257 | +4,257 | 0 | 3,516 | 0.04% | +3,516 |
| BRISTOL MYERS SQUIBBCO(BMY) | 60,476 | 59,813 | -663 | 3,421 | 3,648 | 0.04% | +227 |
| TORONTO DOMINION BK ONT(TD) | 0 | 31,250 | +31,250 | 0 | 1,873 | 0.02% | +1,873 |
| GENERAL ELECTRIC CO(GE) | 0 | 6,497 | +6,497 | 0 | 1,300 | 0.01% | +1,300 |
| VANECK ETF TRUST JUNIOR GOLD MINE | 0 | 20,550 | +20,550 | 0 | 1,175 | 0.01% | +1,175 |
| KLA-TENCOR CORP(KLAC) | 0 | 4,787 | +4,787 | 0 | 3,254 | 0.04% | +3,254 |
| BARRICK GOLD CORP | 0 | 10,600 | +10,600 | 0 | 206 | 0.00% | +206 |
| ABBOTT LABS | 0 | 10,041 | +10,041 | 0 | 1,332 | 0.02% | +1,332 |
| NEWMONT CORP(NEM) | 0 | 19,483 | +19,483 | 0 | 941 | 0.01% | +941 |
| AMGEN INC(AMGN) | 0 | 3,597 | +3,597 | 0 | 1,121 | 0.01% | +1,121 |
| ALLIANCE RESOURCE PARTNERS L(ARLP) | 54,761 | 59,392 | +4,631 | 1,440 | 1,620 | 0.02% | +181 |
| NOVARTIS AG(NVS) | 0 | 12,547 | +12,547 | 0 | 1,399 | 0.02% | +1,399 |
| SPDR GOLD TR(GLD) | 0 | 3,736 | +3,736 | 0 | 1,076 | 0.01% | +1,076 |
| VISA INC(V) | 4,539 | 4,539 | 0 | 1,435 | 1,591 | 0.02% | +156 |
| 3M CO(MMM) | 0 | 9,475 | +9,475 | 0 | 1,391 | 0.02% | +1,391 |
| VERISK ANALYTICS INC(VRSK) | 0 | 7,000 | +7,000 | 0 | 2,083 | 0.02% | +2,083 |
| GSK PLC(GSK) | 0 | 38,665 | +38,665 | 0 | 1,498 | 0.02% | +1,498 |
| ISHARES SILVER TR(SLV) | 0 | 30,690 | +30,690 | 0 | 951 | 0.01% | +951 |
| CISCO SYSTEMS INC(CSCO) | 56,641 | 56,641 | 0 | 3,353 | 3,495 | 0.04% | +142 |
| TRIPLE FLAG PRECIOUS METAL(TFPM) | 0 | 17,548 | +17,548 | 0 | 336 | 0.00% | +336 |
| METALLA RTY & STREAMING LTD(MTA) | 0 | 401,541 | +401,541 | 0 | 1,148 | 0.01% | +1,148 |
| KINDER MORGAN INC DEL(KMI) | 103,636 | 104,408 | +772 | 2,840 | 2,979 | 0.03% | +139 |
| STAR BULK CARRIERS CORP(SBLK) | 0 | 45,892 | +45,892 | 0 | 714 | 0.01% | +714 |
| PROSHARES TR II(Call) | 0 | 2,400 | +2,400 | 0 | 134 | — | +134 |
| CMS ENERGY CORP(CMS) | 0 | 15,675 | +15,675 | 0 | 1,177 | 0.01% | +1,177 |
| PROSHARES TR II(AGQ)(Call) | 5,600 | 5,700 | +100 | 297 | 428 | — | +131 |
| RIO TINTO PLC(RIO) | 24,366 | 25,966 | +1,600 | 1,433 | 1,560 | 0.02% | +127 |
| GALLAGHER ARTHUR J & CO(AJG) | 0 | 1,957 | +1,957 | 0 | 676 | 0.01% | +676 |
| BP PLC(BP) | 0 | 27,414 | +27,414 | 0 | 926 | 0.01% | +926 |
| PIMCO DYNAMIC INCOME FD(PDI) | 0 | 86,378 | +86,378 | 0 | 1,710 | 0.02% | +1,710 |
| BERKSHIRE HATHAWAY INC DEL | 0 | 1 | +1 | 0 | 798 | 0.01% | +798 |
| VANECK ETF TRUST GOLD MINERS ETF | 0 | 10,741 | +10,741 | 0 | 494 | 0.01% | +494 |
| I B M(IBM) | 0 | 3,650 | +3,650 | 0 | 908 | 0.01% | +908 |
| AT&T INC(T) | 10,400 | 12,092 | +1,692 | 237 | 342 | 0.00% | +105 |
| ASTRAZENECA PLC(AZN) | 0 | 12,856 | +12,856 | 0 | 945 | 0.01% | +945 |
| ALNYLAM PHARMACEUTICALS INC(ALNY) | 0 | 2,880 | +2,880 | 0 | 778 | 0.01% | +778 |
| ALKERMES PLC(ALKS) | 0 | 23,033 | +23,033 | 0 | 761 | 0.01% | +761 |
| QUEST DIAGNOSTICS INC(DGX) | 0 | 5,550 | +5,550 | 0 | 939 | 0.01% | +939 |
| KENVUE INC(KVUE) | 0 | 23,962 | +23,962 | 0 | 575 | 0.01% | +575 |