Securities ▲▼ | Shares | Value | |||||
|---|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| Texas Pacific Land Corporation(TPL) | 3,504,692 | 10,333,762 | +6,829,070 | $3.27B | $2.97B | 40.15% | -$304.06M |
| Grayscale Bitcoin Trust ETFSHS REP COM UT(GBTC) | 14,181,200 | 14,113,593 | -67,607 | $1.27B | $964.81M | 13.05% | -$308.24M |
| Wheaton Precious Metals Corp.(WPM) | 2,792,112 | 2,493,518 | -298,594 | $312.27M | $293.04M | 3.96% | -$19.23M |
| LandBridge CorporationCL A(LB) | 5,632,113 | 5,642,766 | +10,653 | $300.47M | $276.44M | 3.74% | -$24.03M |
| Hawaiian Electric Industries, Inc.(HE) | 18,257,717 | 19,392,363 | +1,134,646 | $201.57M | $238.53M | 3.23% | +$36.96M |
| Franco-Nevada Corporation(FNV) | 1,012,362 | 968,101 | -44,261 | $225.67M | $200.67M | 2.71% | -$25.00M |
| WaterBridge Infrastructure LLCCL A(WBI) | 6,354,306 | 6,837,520 | +483,214 | $160.26M | $136.82M | 1.85% | -$23.44M |
| Intercontinental Exchange, Inc.(ICE) | 831,061 | 830,766 | -295 | $140.02M | $134.55M | 1.82% | -$5.47M |
| Mesabi TrustCTF BEN INT(MSB) | 2,999,326 | 3,027,698 | +28,372 | $87.79M | $116.63M | 1.58% | +$28.84M |
| Grayscale Bitcoin Mini Trust ETFSHS NEW(BTC) | 3,000,467 | 2,997,060 | -3,407 | $151.91M | $116.08M | 1.57% | -$35.84M |
| Permian Basin Royalty TrustUNIT BEN INT(PBT) | 6,099,049 | 6,187,800 | +88,751 | $111.31M | $105.07M | 1.42% | -$6.24M |
| Cboe Global Markets, Inc.(CBOE) | 409,459 | 408,398 | -1,061 | $100.42M | $102.51M | 1.39% | +$2.09M |
| Cheniere Energy, Inc.(LNG) | 472,959 | 463,329 | -9,630 | $111.14M | $90.07M | 1.22% | -$21.07M |
| CACI International IncCL A(CACI) | 160,665 | 158,591 | -2,074 | $80.14M | $84.50M | 1.14% | +$4.36M |
| Miami International Holdings, Inc.(MIAX) | 1,382,403 | 1,819,798 | +437,395 | $55.66M | $80.76M | 1.09% | +$25.11M |
| CME Group Inc.(CME) | 276,773 | 275,611 | -1,162 | $74.78M | $75.26M | 1.02% | +$482.7K |
| Brookfield CorporationCL A(BN) | 1,649,271 | 1,583,710 | -65,561 | $75.40M | $72.68M | 0.98% | -$2.73M |
| Viper Energy, Inc.CL A(VNOM) | 1,721,927 | 1,714,904 | -7,023 | $65.81M | $66.25M | 0.90% | +$434.7K |
| OR Royalties Inc.(OR) | 1,823,650 | 1,815,024 | -8,626 | $73.09M | $64.23M | 0.87% | -$8.86M |
| Cameco Corporation(CCJ) | 676,032 | 674,096 | -1,936 | $56.69M | $61.67M | 0.83% | +$4.98M |
| Civeo Corporation(CVEO) | 2,690,466 | 2,449,487 | -240,979 | $61.88M | $56.02M | 0.76% | -$5.86M |
| AutoNation, Inc.(AN) | 259,335 | 256,479 | -2,856 | $56.73M | $52.96M | 0.72% | -$3.78M |
| DigitalBridge Group, Inc.CL A(DBRHP) | 3,286,397 | 3,046,533 | -239,864 | $38.45M | $46.73M | 0.63% | +$8.28M |
| iShares Bitcoin Trust ETFSHS BEN INT(IBIT) | 826,901 | 796,863 | -30,038 | $53.75M | $39.56M | 0.54% | -$14.18M |
| San Juan Basin Royalty TrustUNIT BEN INT(SJT) | 5,611,981 | 6,231,144 | +619,163 | $33.90M | $35.02M | 0.47% | +$1.12M |
| The St. Joe Company(JOE) | 555,729 | 554,837 | -892 | $27.50M | $32.94M | 0.45% | +$5.44M |
| Bunge Global SA(BG) | 350,083 | 348,994 | -1,089 | $28.44M | $31.09M | 0.42% | +$2.64M |
| Tejon Ranch Co.(TRC) | 1,913,978 | 1,912,573 | -1,405 | $30.59M | $30.16M | 0.41% | -$424.1K |
| Carnival CorpUNIT 99 99 9999 | 961,734 | 957,548 | -4,186 | $27.80M | $29.24M | 0.40% | +$1.44M |
| Marsh & McLennan Companies, Inc.(MRSH) | 157,219 | 156,685 | -534 | $31.68M | $29.07M | 0.39% | -$2.62M |
| Galaxy DigitalCL A(GLXY) | 1,253,870 | 1,249,554 | -4,316 | $42.39M | $27.94M | 0.38% | -$14.45M |
| White Mtns Ins Group Ltd COM | 13,084 | 13,121 | +37 | $21.87M | $27.27M | 0.37% | +$5.40M |
| Penske Automotive Group, Inc.(PAG) | 170,610 | 169,874 | -736 | $29.67M | $26.89M | 0.36% | -$2.78M |
| Horizon Kinetics Holding Corporation(HKHC) | 1,075,161 | 1,075,313 | +152 | $40.54M | $25.27M | 0.34% | -$15.27M |
| Live Nation Entertainment, Inc.(LYV) | 172,112 | 169,884 | -2,228 | $28.12M | $24.21M | 0.33% | -$3.91M |
| Howard Hughes Holdings Inc.(HHH) | 306,248 | 293,360 | -12,888 | $25.16M | $23.40M | 0.32% | -$1.76M |
| Strategy IncCL A(MSTR) | 138,488 | 139,377 | +889 | $44.62M | $21.18M | 0.29% | -$23.44M |
| Royal Gold, Inc.(RGLD) | 63,820 | 94,876 | +31,056 | $12.80M | $21.09M | 0.29% | +$8.29M |
| Sprott Inc.(SII) | 214,814 | 214,626 | -188 | $17.87M | $21.02M | 0.28% | +$3.15M |
| Dorchester Minerals, L.P.COM UNIT(DMLP) | 885,615 | 875,662 | -9,953 | $22.93M | $19.58M | 0.26% | -$3.35M |
| Berkshire Hathaway Inc DelCL B | 40,349 | 37,988 | -2,361 | $20.29M | $19.09M | 0.26% | -$1.19M |
| Vanguard Bd Index FdsVANGUARD ULTRA VANGUARD ULTRA | 263,822 | 342,542 | +78,720 | $13.19M | $17.07M | 0.23% | +$3.88M |
| Royal Caribbean Group COM | 54,033 | 52,758 | -1,275 | $17.48M | $14.72M | 0.20% | -$2.77M |
| Oshkosh Corporation(OSK) | 116,700 | 116,193 | -507 | $15.14M | $14.60M | 0.20% | -$538.6K |
| Triple Flag Precious Metals Corp.(TFPM) | 26,413 | 425,303 | +398,890 | $772.9K | $14.13M | 0.19% | +$13.36M |
| Royalty Pharma plcCL A(RPRX) | 354,685 | 353,361 | -1,324 | $12.51M | $13.65M | 0.18% | +$1.14M |
| Interparfums, Inc.(IPAR) | 138,817 | 138,558 | -259 | $13.66M | $11.75M | 0.16% | -$1.90M |
| Mastercard IncorporatedCL A(MA) | 19,630 | 19,579 | -51 | $11.17M | $11.18M | 0.15% | +$11.5K |
| RB Global, Inc.(RBA) | 109,696 | 107,627 | -2,069 | $11.89M | $11.07M | 0.15% | -$815.1K |
| Brookfield Asset Management Ltd.CL A(BAM) | 190,647 | 190,473 | -174 | $10.86M | $9.98M | 0.13% | -$876.6K |
| The Williams Companies, Inc.(WMB) | 141,934 | 137,321 | -4,613 | $8.99M | $8.25M | 0.11% | -$737.1K |
| Formula One GroupCOM LBTY ONE S C(FWONA) | 84,345 | 81,617 | -2,728 | $8.81M | $8.04M | 0.11% | -$769.7K |
| Sabine Royalty TrustUNIT BEN INT(SBR) | 109,410 | 109,487 | +77 | $8.69M | $7.51M | 0.10% | -$1.19M |
| AllianceBernstein Holding L.P.UNIT LTD PARTN(AB) | 188,256 | 193,741 | +5,485 | $7.20M | $7.46M | 0.10% | +$260.0K |
| Nasdaq, Inc.(NDAQ) | 69,970 | 70,822 | +852 | $6.19M | $6.88M | 0.09% | +$690.0K |
| Listed Fds TrHORZN KNTCS SPAC HORZN KNTCS SPAC | 76,904 | 71,954 | -4,950 | $8.01M | $6.52M | 0.09% | -$1.48M |
| Vanguard Scottsdale FdsSHORT TERM TREAS SHORT TERM TREAS | 124,996 | 110,086 | -14,910 | $7.36M | $6.47M | 0.09% | -$890.7K |
| Grayscale Bitcoin Cash TrustTRUST BCH(BCHG) | 1,487,494 | 1,486,851 | -643 | $6.62M | $6.42M | 0.09% | -$196.2K |
| Liberty Energy Inc.CL A(LBRT) | 346,826 | 342,711 | -4,115 | $4.28M | $6.33M | 0.09% | +$2.05M |
| Madison Square Garden Sports Corp.CL A(MSGS) | 23,724 | 23,344 | -380 | $5.39M | $6.04M | 0.08% | +$652.6K |
| Energy Transfer LPCOM UT LTD PTN(ET) | 369,535 | 359,648 | -9,887 | $6.34M | $5.93M | 0.08% | -$410.6K |
| Vanguard Index FdsExtended Market ETF | 5,612 | 25,889 | +20,277 | $1.17M | $5.41M | 0.07% | +$4.24M |
| Science Applications International Corporation(SAIC) | 53,138 | 52,662 | -476 | $5.28M | $5.30M | 0.07% | +$20.6K |
| Western Midstream Partners, LPCOM UNIT LP INT(WES) | 0 | 134,085 | +134,085 | $0 | $5.30M | 0.07% | +$5.30M |
| Freeport-McMoRan Inc.CL B(FCX) | 97,381 | 93,114 | -4,267 | $3.82M | $4.73M | 0.06% | +$910.0K |
| Listed Fds TrHORZN KINTCS BL HORZN KINTCS BL | 148,241 | 156,000 | +7,759 | $4.68M | $4.71M | 0.06% | +$38.6K |
| Listed Fds TrHORIZON KINETICS HORI KI JAPA ETF | 169,748 | 182,317 | +12,569 | $4.78M | $4.69M | 0.06% | -$87.4K |
| Exxon Mobil Corp | 45,610 | 38,580 | -7,030 | $5.14M | $4.64M | 0.06% | -$499.8K |
| Broadridge Financial Solutions, Inc.(BR) | 15,048 | 20,423 | +5,375 | $3.58M | $4.56M | 0.06% | +$973.8K |
| Markel Group Inc.(MKL) | 2,407 | 2,102 | -305 | $4.60M | $4.52M | 0.06% | -$82.2K |
| Sphere Entertainment Co.CL A(SPHR) | 49,391 | 47,463 | -1,928 | $3.07M | $4.51M | 0.06% | +$1.44M |
| AbbVie Inc.(ABBV) | 20,353 | 19,541 | -812 | $4.71M | $4.46M | 0.06% | -$247.6K |
| Eli Lilly and Company(LLY) | 4,247 | 4,106 | -141 | $3.24M | $4.41M | 0.06% | +$1.17M |
| Listed Fds TrHORIZON KINETICS HORI KI INFL ETF | 101,299 | 98,980 | -2,319 | $4.53M | $4.40M | 0.06% | -$126.9K |
| Enterprise Products Partners L.P.(EPD) | 127,373 | 112,063 | -15,310 | $3.98M | $3.59M | 0.05% | -$390.2K |
| Costamare Inc.SHS(CMRE) | 227,100 | 221,950 | -5,150 | $2.70M | $3.50M | 0.05% | +$799.8K |
| Microsoft Corporation(MSFT) | 7,482 | 7,208 | -274 | $3.88M | $3.49M | 0.05% | -$389.0K |
| Archer Daniels Midland Co | 67,383 | 60,202 | -7,181 | $4.03M | $3.46M | 0.05% | -$564.4K |
| Eagle Materials Inc.(EXP) | 18,766 | 16,743 | -2,023 | $4.37M | $3.46M | 0.05% | -$912.7K |
| KLA Corporation(KLAC) | 3,251 | 2,845 | -406 | $3.51M | $3.46M | 0.05% | -$49.6K |
| Nuveen Amt Free Qlty Mun Inc | 297,264 | 295,249 | -2,015 | $3.39M | $3.43M | 0.05% | +$47.9K |
| Johnson & Johnson(JNJ) | 16,180 | 15,949 | -231 | $3.00M | $3.30M | 0.04% | +$300.6K |
| Bakkt, Inc.CL A(BKKT) | 328,529 | 324,706 | -3,823 | $11.06M | $3.26M | 0.04% | -$7.79M |
| Formula One GroupCOM LBTY ONE S A(FWONA) | 37,756 | 36,018 | -1,738 | $3.60M | $3.22M | 0.04% | -$375.8K |
| Nutrien Ltd.(NTR) | 51,926 | 51,872 | -54 | $3.05M | $3.20M | 0.04% | +$153.0K |
| Philip Morris International Inc.(PM) | 21,014 | 19,851 | -1,163 | $3.41M | $3.18M | 0.04% | -$224.4K |
| Metalla Royalty & Streaming Ltd.(MTA) | 404,397 | 404,397 | 0 | $2.57M | $3.15M | 0.04% | +$578.3K |
| Cisco Systems, Inc.(CSCO) | 40,691 | 38,941 | -1,750 | $2.78M | $3.00M | 0.04% | +$215.5K |
| The Wendy's Company(WEN) | 466,421 | 359,896 | -106,525 | $4.27M | $3.00M | 0.04% | -$1.27M |
| Merck & Co., Inc.(MRK) | 28,617 | 28,147 | -470 | $2.40M | $2.96M | 0.04% | +$560.9K |
| Grayscale Litecoin TrustTRUST LTC SHS(LTCN) | 497,743 | 503,902 | +6,159 | $4.38M | $2.94M | 0.04% | -$1.43M |
| Alps Etf TrALERIAN MLP ALERIAN MLP | 59,674 | 60,307 | +633 | $2.80M | $2.84M | 0.04% | +$35.1K |
| L3Harris Technologies, Inc.(LHX) | 9,808 | 9,388 | -420 | $3.00M | $2.76M | 0.04% | -$239.5K |
| Tri Pointe Homes Inc COM | 85,962 | 85,962 | 0 | $2.92M | $2.71M | 0.04% | -$214.9K |
| Caterpillar Inc.(CAT) | 5,182 | 4,617 | -565 | $2.47M | $2.64M | 0.04% | +$172.3K |
| Natural Resource Partners L.P.COM UNIT LTD PAR(NRP) | 24,580 | 24,865 | +285 | $2.58M | $2.60M | 0.04% | +$15.0K |
| Las Vegas Sands Corp.(LVS) | 41,820 | 39,260 | -2,560 | $2.25M | $2.56M | 0.03% | +$306.0K |
| FitLife Brands, Inc.(FTLF) | 154,456 | 154,456 | 0 | $3.07M | $2.51M | 0.03% | -$559.1K |
| Charles River Laboratories International, Inc.(CRL) | 12,909 | 12,580 | -329 | $2.02M | $2.51M | 0.03% | +$489.8K |
| Bristol-Myers Squibb Company(BMY) | 44,913 | 45,110 | +197 | $2.03M | $2.43M | 0.03% | +$407.7K |