Mad River Investors as of March 31, 2026
Portfolio Holdings for Mad River Investors
Mad River Investors holds 31 positions in its portfolio as reported in the March 2026 quarterly 13F filing
| Company (Ticker) | Portfolio Weight | Valued At | Change in Shares | Share Count | Share Price |
|---|---|---|---|---|---|
| Texas Pacific Land Corp (TPL) | 48.7 | $135M | 285k | 474.56 | |
| Permian Basin Rty Tr Unit Ben Int (PBT) | 7.8 | $22M | 1.0M | 21.52 | |
| Hawaiian Elec Inds Inc Mtn B Call Call Option (Principal) (HE) | 7.3 | $20M | 1.4M | 14.84 | |
| Grayscale Bitcoin Trust Etf Shs Rep Com Ut (GBTC) | 6.8 | $19M | 360k | 52.76 | |
| Landbridge Company Cl A (LB) | 6.6 | $18M | 266k | 69.05 | |
| Wheaton Precious Metals Corp (WPM) | 4.2 | $12M | 89k | 131.01 | |
| Mesabi Tr Ctf Ben Int (MSB) | 3.6 | $10M | 322k | 31.50 | |
| Waterbridge Infrastructure L Cl A Shs Repstg (WBI) | 2.6 | $7.3M | 271k | 26.79 | |
| Franco-Nevada Corporation (FNV) | 2.1 | $5.8M | 24k | 247.05 | |
| Fidelity Wise Origin Bitcoin SHS (FBTC) | 1.5 | $4.2M | 70k | 59.03 | |
| Carnival Corp Common Stock (CCL) | 1.5 | $4.0M | 156k | 25.88 | |
| Miami Intl Hldgs (MIAX) | 1.1 | $3.2M | 81k | 38.92 | |
| Vanguard Index Fds Total Stk Mkt (VTI) | 1.0 | $2.8M | 8.8k | 320.81 | |
| Grayscale Bitcoin Mini Tr Et Shs New (BTC) | 0.9 | $2.4M | 81k | 29.99 | |
| CBOE Holdings (CBOE) | 0.7 | $1.9M | 6.7k | 281.06 | |
| Apple (AAPL) | 0.5 | $1.3M | 5.1k | 253.79 | |
| Intercontinental Exchange (ICE) | 0.4 | $1.2M | 7.6k | 157.29 | |
| Oracle Corporation (ORCL) | 0.4 | $1.2M | 8.1k | 147.11 | |
| Palo Alto Networks (PANW) | 0.3 | $879k | 5.5k | 160.32 | |
| Amazon (AMZN) | 0.3 | $729k | 3.5k | 208.27 | |
| Royal Gold (RGLD) | 0.2 | $627k | 2.5k | 254.49 | |
| Cincinnati Financial Corporation (CINF) | 0.2 | $567k | 3.6k | 157.35 | |
| Cisco Systems (CSCO) | 0.2 | $466k | 6.0k | 77.59 | |
| UnitedHealth (UNH) | 0.2 | $460k | 1.7k | 270.59 | |
| Caci Intl Cl A (CACI) | 0.2 | $438k | 805.00 | 543.87 | |
| Eaton Corp SHS (ETN) | 0.2 | $429k | 1.2k | 357.67 | |
| JPMorgan Chase & Co. (JPM) | 0.2 | $417k | 1.4k | 294.16 | |
| Berkshire Hathaway Inc Del Cl B New (BRK.B) | 0.1 | $395k | 825.00 | 479.20 | |
| Rli (RLI) | 0.1 | $342k | 6.0k | 57.04 | |
| Johnson & Johnson (JNJ) | 0.1 | $293k | 1.2k | 244.44 | |
| Vanguard Specialized Funds Div App Etf (VIG) | 0.1 | $215k | 1.0k | 215.06 |
