MRM-Horizon Advisors

Mad River Investors as of March 31, 2015

Portfolio Holdings for Mad River Investors

Mad River Investors holds 36 positions in its portfolio as reported in the March 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Howard Hughes 11.9 $15M 99k 155.02
Icahn Enterprises Depositary Unit (IEP) 8.0 $10M 115k 89.66
Wendy's/arby's Group (WEN) 7.4 $9.5M 875k 10.90
Liberty Interactive Corp Lbt Vent Com A 5.2 $6.6M 158k 42.01
Berkshire Hathaway Inc Del Cl B New (BRK.B) 5.2 $6.6M 46k 144.31
Liberty Media Corp Delaware Com Ser C 5.0 $6.4M 167k 38.20
Sears Holdings Corporation 4.8 $6.2M 150k 41.38
Texas Pac Ld Tr Sub Ctf Prop I T 4.5 $5.8M 40k 144.86
Tri Pointe Homes (TPH) 4.0 $5.2M 335k 15.43
Liberty Interactive Corp Int Com Ser A 3.7 $4.8M 164k 29.19
Dreamworks Animation Skg Cl A 3.6 $4.6M 189k 24.20
Echostar Corp Cl A (SATS) 2.5 $3.2M 63k 51.72
Liberty Media Corp Delaware Cl A 2.5 $3.1M 82k 38.55
Live Nation Entertainment (LYV) 2.5 $3.1M 125k 25.23
Brookfield Asset Mgmt Cl A Ltd Vt Sh 2.5 $3.1M 59k 53.60
Dish Network Corp Cl A 2.4 $3.1M 45k 70.07
Restaurant Brands Intl Inc Com equity / large cap (QSR) 2.4 $3.1M 79k 38.41
Continental Resources 2.2 $2.9M 66k 43.67
Starz Com Ser A 2.2 $2.8M 82k 34.41
Platform Specialty Prods Cor 2.1 $2.7M 107k 25.66
Par Pete Corp Com New (PARR) 2.1 $2.7M 118k 23.21
Liberty Broadband Corp Com Ser C (LBRDK) 2.1 $2.7M 48k 56.59
Imperial Holdings 1.5 $1.9M 279k 6.97
Sears Canada (SRSCQ) 1.5 $1.9M 202k 9.22
Green Brick Partners (GRBK) 1.4 $1.8M 223k 8.28
Liberty Broadband Corp Com Ser A (LBRDA) 1.1 $1.5M 26k 56.53
Lands' End (LE) 1.1 $1.4M 39k 35.89
Templeton Russia & East European Fund 0.9 $1.1M 112k 9.83
Sears Hometown and Outlet Stores 0.8 $1.0M 130k 7.72
Credit Suisse Nassau Brh Invrs Vix Mdterm 0.7 $892k 21k 42.08
Discovery Communicatns Com Ser C 0.5 $704k 24k 29.49
Sears Hldgs Corp *w Exp 12/15/201 0.5 $693k 28k 24.98
Discovery Communicatns Com Ser A 0.5 $640k 21k 30.78
Nuveen Munpl Markt Opp Fund 0.2 $253k 19k 13.68
Nuveen Performance Plus Municipal Fund 0.2 $222k 15k 14.90
Pingtan Marine Enterprise Lt SHS 0.1 $100k 50k 2.01