Fund HoldingsMAD RIVER INVESTORS

Total Portfolio Value
$267.45M
Total Bought
$32.27M
Total Sold
$14.61M
Net Transaction
+$17.67M
Filing Period:
Securities
SharesValue ($K)
Q1 2026
Q2 2026
Change
Q1 2026
Q2 2026
Weight (%)
Change
MIAMI INTL HLDGS INC(MIAX)81,250289,000+207,7503,16210,7394.02%+7,577
PERMIAN BASIN RTY TR(PBT)1,003,1401,005,152+2,01221,58825,1699.41%+3,581
LANDBRIDGE COMPANY LLC(LB)266,385267,953+1,56818,39421,2337.94%+2,839
CARNIVAL CORP LTD
COMMON SHARES
095,373+95,37302,7251.02%+2,725
WATERBRIDGE INFRASTRUCTURE L(WBI)270,900267,801-3,0997,2579,1783.43%+1,920
PALO ALTO NETWORKS INC(PANW)5,4845,48408791,8700.70%+991
UNITEDHEALTH GROUP INC(UNH)1,7001,70004607070.26%+247
CISCO SYS INC(CSCO)6,0006,00004667050.26%+239
APPLE INC(AAPL)5,1005,050-501,2941,4610.55%+167
FERMI INC(FRMI)016,500+16,50001510.06%+151
CINCINNATI FINL CORP(CINF)3,6003,60005666670.25%+100
EATON CORP PLC(ETN)1,2001,20004295110.19%+82
AMAZON COM INC(AMZN)3,5003,400-1007298100.30%+81
RLI CORP(RLI)6,0006,00003423540.13%+12
JOHNSON & JOHNSON(JNJ)1,2001,20002933050.11%+11
ORACLE CORP(ORCL)8,0508,05001,1841,1800.44%-5
BERKSHIRE HATHAWAY INC DEL825625-2003953130.12%-83
VANGUARD SPECIALIZED FUNDS1,0000-1,0002150-215
CACI INTL INC(CACI)805455-3504382110.08%-227
INTERCONTINENTAL EXCHANGE IN(ICE)7,6457,846+2011,2029660.36%-237
CBOE GLOBAL MKTS INC(CBOE)6,6806,705+251,8771,6270.61%-250
VANGUARD INDEX FDS8,8006,800-2,0002,8232,5160.94%-307
GRAYSCALE BITCOIN MINI TR ET(BTC)81,21781,517+3002,4362,1150.79%-320
JPMORGAN CHASE & CO(JPM)1,4170-1,4174170-417
FIDELITY WISE ORIGIN BITCOIN(FBTC)70,33970,369+304,1523,5921.34%-560
ROYAL GOLD INC(RGLD)2,4630-2,4636270-627
FRANCO NEV CORP(FNV)23,59022,506-1,0845,8284,6911.75%-1,137
HAWAIIAN ELEC INDS INC MTN B(HE)1,317,0501,321,850+4,80019,54517,8856.69%-1,660
MESABI TR(MSB)321,546323,735+2,18910,1298,1903.06%-1,938
GRAYSCALE BITCOIN TRUST ETF(GBTC)360,139360,139019,00116,3946.13%-2,607
CARNIVAL CORP156,1810-156,1814,0420-4,042
WHEATON PRECIOUS METALS CORP(WPM)89,27156,173-33,09811,6956,3092.36%-5,386
TEXAS PACIFIC LAND CORPORATI(TPL)285,120285,330+210135,307124,87246.69%-10,435
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MAD RIVER INVESTORS — 13F Holdings — Q2 2026 | TickerTrail