Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q3 2025 ▲▼ | Q4 2025 ▲▼ | Change ▲▼ | Q3 2025 ▲▼ | Q4 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| MESABI TR | 295,523 | 296,649 | +1,126 | 8,650 | 11,427 | 5.21% | +2,777 |
| HAWAIIAN ELEC INDUSTRIES(HE) | 1,230,250 | 1,284,150 | +53,900 | 13,582 | 15,795 | 7.20% | +2,213 |
| ROYAL GOLD INC(RGLD) | 0 | 2,656 | +2,656 | 0 | 591 | 0.27% | +591 |
| WHEATON PRECIOUS METALS CORP(WPM) | 97,927 | 97,604 | -323 | 10,952 | 11,470 | 5.23% | +518 |
| MIAMI INTL HLDGS INC(MIAX) | 74,600 | 75,050 | +450 | 3,003 | 3,331 | 1.52% | +327 |
| CARNIVAL CORP | 155,396 | 155,596 | +200 | 4,493 | 4,752 | 2.17% | +259 |
| HAWAIIAN ELEC INDUSTRIES(HE)(Call) | 0 | 0 | 0 | 0 | 175 | — | +175 |
| APPLE INC(AAPL) | 5,000 | 5,100 | +100 | 1,273 | 1,386 | 0.63% | +113 |
| VANGUARD INDEX FDS | 12,122 | 12,122 | 0 | 3,978 | 4,064 | 1.85% | +86 |
| AMAZON COM INC(AMZN) | 3,400 | 3,500 | +100 | 747 | 808 | 0.37% | +61 |
| CISCO SYS INC(CSCO) | 6,000 | 6,000 | 0 | 411 | 462 | 0.21% | +52 |
| CBOE GLOBAL MKTS INC(CBOE) | 6,655 | 6,690 | +35 | 1,632 | 1,679 | 0.77% | +47 |
| CITIGROUP INC(C) | 3,000 | 3,000 | 0 | 305 | 350 | 0.16% | +46 |
| CACI INTL INC(CACI) | 805 | 805 | 0 | 402 | 429 | 0.20% | +27 |
| JOHNSON & JOHNSON(JNJ) | 1,200 | 1,200 | 0 | 223 | 248 | 0.11% | +26 |
| LANDBRIDGE COMPANY LLC(LB) | 241,056 | 262,934 | +21,878 | 12,860 | 12,881 | 5.87% | +21 |
| CINCINNATI FINL CORP(CINF) | 3,600 | 3,600 | 0 | 569 | 588 | 0.27% | +19 |
| JPMORGAN CHASE & CO.(JPM) | 1,400 | 1,400 | 0 | 442 | 451 | 0.21% | +10 |
| INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT | 1,508 | 1,508 | 0 | 286 | 289 | 0.13% | +3 |
| RLI CORP(RLI) | 7,500 | 7,500 | 0 | 489 | 480 | 0.22% | -9 |
| BERKSHIRE HATHAWAY INC DEL | 1,175 | 1,125 | -50 | 591 | 565 | 0.26% | -25 |
| UNITEDHEALTH GROUP INC(UNH) | 1,700 | 1,700 | 0 | 587 | 561 | 0.26% | -26 |
| INTERCONTINENTAL EXCHANGE IN(ICE) | 7,720 | 7,645 | -75 | 1,301 | 1,238 | 0.56% | -62 |
| KIMBERLY-CLARK CORP(KMB) | 2,800 | 2,800 | 0 | 348 | 282 | 0.13% | -66 |
| EATON CORP PLC(ETN) | 1,200 | 1,200 | 0 | 449 | 382 | 0.17% | -67 |
| PERMIAN BASIN RTY TR(PBT) | 922,230 | 986,819 | +64,589 | 16,831 | 16,756 | 7.64% | -75 |
| PALO ALTO NETWORKS INC(PANW) | 5,484 | 5,484 | 0 | 1,117 | 1,010 | 0.46% | -106 |
| VANGUARD SPECIALIZED FUNDS | 2,600 | 1,600 | -1,000 | 561 | 352 | 0.16% | -209 |
| GAMING & LEISURE PPTYS INC(GLPI) | 4,558 | 0 | -4,558 | 212 | 0 | — | -212 |
| SALESFORCE INC(CRM) | 900 | 0 | -900 | 213 | 0 | — | -213 |
| FIRSTENERGY CORP(FE) | 5,700 | 0 | -5,700 | 261 | 0 | — | -261 |
| FRANCO NEV CORP(FNV) | 23,579 | 23,594 | +15 | 5,256 | 4,891 | 2.23% | -365 |
| TEXAS PACIFIC LAND CORPORATI(TPL)(Put) | 0 | 0 | 0 | 373 | 0 | — | -373 |
| SANDSTORM GOLD LTD | 42,592 | 0 | -42,592 | 533 | 0 | — | -533 |
| ORACLE CORP(ORCL) | 8,050 | 8,050 | 0 | 2,264 | 1,569 | 0.71% | -695 |
| GRAYSCALE BITCOIN MINI TR ET(BTC) | 82,179 | 77,647 | -4,532 | 4,161 | 3,007 | 1.37% | -1,153 |
| WATERBRIDGE INFRASTRUCTURE L(WBI) | 251,700 | 257,000 | +5,300 | 6,348 | 5,143 | 2.34% | -1,205 |
| FIDELITY WISE ORIGIN BITCOIN(FBTC) | 71,804 | 70,859 | -945 | 7,167 | 5,402 | 2.46% | -1,765 |
| TEXAS PACIFIC LAND CORPORATI(TPL) | 94,772 | 286,083 | +191,311 | 88,483 | 82,169 | 37.44% | -6,315 |
| GRAYSCALE BITCOIN TRUST ETF(GBTC) | 360,954 | 360,454 | -500 | 32,403 | 24,641 | 11.23% | -7,762 |