Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| Mesabi Trust Ctfs | 365,929 | 352,805 | -13,124 | 11 | 14 | 5.13% | +3 |
| Dollar General Corporation(DG) | 122,750 | 113,995 | -8,755 | 13 | 15 | 5.71% | +2 |
| Investor AB 'B' | 475,144 | 459,474 | -15,670 | 14 | 16 | 6.15% | +2 |
| Johnson & Johnson(JNJ) | 49,840 | 48,425 | -1,415 | 9 | 10 | 3.78% | +1 |
| Berkshire Hathaway | 7 | 8 | +1 | 5 | 6 | 2.28% | +1 |
| Copart Inc(CPRT) | 65,485 | 94,590 | +29,105 | 3 | 4 | 1.40% | +1 |
| Diamondback Energy Inc(FANG) | 32,960 | 35,155 | +2,195 | 5 | 5 | 2.00% | +1 |
| Nestle S.A. | 73,734 | 73,394 | -340 | 7 | 7 | 2.74% | 0 |
| Coterra Energy Inc. | 198,994 | 194,974 | -4,020 | 5 | 5 | 1.94% | 0 |
| Mettler-Toledo Int'l Inc.(MTD) | 2,347 | 2,347 | 0 | 3 | 3 | 1.24% | 0 |
| Alphabet Cl C(GOOG) | 4,500 | 4,300 | -200 | 1 | 1 | 0.51% | 0 |
| Mexco Energy | 40,861 | 62,295 | +21,434 | 0 | 1 | 0.23% | 0 |
| Subaru Corporation | 595,371 | 583,121 | -12,250 | 6 | 6 | 2.36% | 0 |
| Olympic Steel | 0 | 5,000 | +5,000 | 0 | 0 | 0.08% | 0 |
| Wheaton Precious Metals Corp(WPM) | 93,243 | 89,943 | -3,300 | 10 | 11 | 3.99% | 0 |
| Novartis AG(NVS) | 4,450 | 4,940 | +490 | 1 | 1 | 0.26% | 0 |
| Amazon.com(AMZN) | 5,655 | 5,580 | -75 | 1 | 1 | 0.49% | 0 |
| Apple Inc.(AAPL) | 2,550 | 2,550 | 0 | 1 | 1 | 0.26% | 0 |
| Triple Flag Precious Metals Co(TFPM) | 10,750 | 10,750 | 0 | 0 | 0 | 0.13% | 0 |
| Merck & Co.(MRK) | 6,925 | 5,850 | -1,075 | 1 | 1 | 0.23% | 0 |
| Timken Company(TKR) | 3,875 | 3,875 | 0 | 0 | 0 | 0.12% | 0 |
| Pershing Square Holdings | 10,175 | 10,175 | 0 | 1 | 1 | 0.25% | 0 |
| Caterpillar(CAT) | 600 | 550 | -50 | 0 | 0 | 0.12% | 0 |
| Siemens AG | 74,000 | 71,555 | -2,445 | 10 | 10 | 3.78% | 0 |
| Chevron Corp(CVX) | 2,385 | 2,560 | +175 | 0 | 0 | 0.15% | 0 |
| Viatris(VTRS) | 30,070 | 25,570 | -4,500 | 0 | 0 | 0.12% | 0 |
| Shell plc(SHEL) | 58,501 | 57,076 | -1,425 | 4 | 4 | 1.58% | 0 |
| SKF Aktiebolaget | 174,311 | 164,511 | -9,800 | 4 | 4 | 1.64% | 0 |
| Bristol-Myers Squibb Contingen | 522,789 | 505,289 | -17,500 | 0 | 0 | — | 0 |
| Surface Oncology Inc. | 20,000 | 20,000 | 0 | 0 | 0 | 0.01% | 0 |
| Allstate Corporation(ALL) | 2,250 | 2,250 | 0 | 0 | 0 | 0.18% | -0 |
| AZZ Incorporated | 4,100 | 4,000 | -100 | 0 | 0 | 0.16% | -0 |
| Microsoft Corp(MSFT) | 800 | 790 | -10 | 0 | 0 | 0.14% | -0 |
| Builders FirstSource Inc(BLDR) | 4,235 | 4,410 | +175 | 1 | 0 | 0.17% | -0 |
| ABB Ltd | 129,565 | 124,815 | -4,750 | 9 | 9 | 3.49% | -0 |
| FRMO Corporation | 93,877 | 96,702 | +2,825 | 1 | 1 | 0.27% | -0 |
| Citigroup Cap XIII Tr Pfd(C) | 293,980 | 289,455 | -4,525 | 9 | 9 | 3.30% | -0 |
| AutoZone, Inc.(AZO) | 265 | 265 | 0 | 1 | 1 | 0.34% | -0 |
| 3M Company(MMM) | 5,655 | 3,705 | -1,950 | 1 | 1 | 0.22% | -0 |
| Keweenaw Land Association | 7,652 | 0 | -7,652 | 0 | 0 | — | -0 |
| Pilot Corporation | 149,451 | 145,306 | -4,145 | 5 | 5 | 1.70% | -0 |
| ConocoPhillips Company | 52,205 | 48,380 | -3,825 | 5 | 5 | 1.71% | -0 |
| EOG Resources, Inc.(EOG) | 38,335 | 36,960 | -1,375 | 4 | 4 | 1.47% | -0 |
| Pfizer, Inc(PFE) | 34,770 | 18,770 | -16,000 | 1 | 0 | 0.18% | -0 |
| International Business Machine(IBM) | 49,968 | 45,790 | -4,178 | 14 | 14 | 5.12% | -1 |
| Berkshire Hathaway Cl B | 17,006 | 15,736 | -1,270 | 9 | 8 | 2.99% | -1 |
| Accelleron Industries AG ORD | 49,513 | 47,473 | -2,040 | 4 | 4 | 1.38% | -1 |
| Chord Energy Corp(CHRD) | 56,240 | 52,535 | -3,705 | 6 | 5 | 1.84% | -1 |
| Autoliv, Inc.(ALV) | 91,200 | 88,810 | -2,390 | 11 | 11 | 3.98% | -1 |
| Banco Latinoamericano de Expor | 304,870 | 294,135 | -10,735 | 14 | 13 | 4.95% | -1 |
| Franco-Nevada Coporation(FNV) | 52,732 | 51,272 | -1,460 | 12 | 11 | 4.01% | -1 |
| AbbVie Inc.(ABBV) | 30,425 | 25,725 | -4,700 | 7 | 6 | 2.22% | -1 |
| Cheniere Energy, Inc.(LNG) | 29,765 | 28,740 | -1,025 | 7 | 6 | 2.11% | -1 |
| Texas Pacific Land Corporation | 22,599 | 68,241 | +45,642 | 21 | 20 | 7.40% | -1 |
| Organon & Co.(OGN) | 650,790 | 666,725 | +15,935 | 7 | 5 | 1.80% | -2 |
| Oracle Corp(ORCL) | 18,675 | 2,465 | -16,210 | 5 | 0 | 0.18% | -5 |