§ 13F · FUND PROFILE
MAD RIVER INVESTORS.
AUM · $268M (13F)Positions · 30Turnover · n/a · Q2Filed · Aug 3, 2026
CONCENTRATION
n/a
Top 10 holdings
NEW BUYS
0
+$3M deployed
EXITS
0
No exits
SECTOR SHIFT
n/a
No prior quarter data
§ 01 · TOP HOLDINGS
The book · Q2 2026
FILED AUG 3, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q2 |
|---|---|---|---|---|---|---|
| 1 | TPL | TEXAS PACIFIC LAND CORPORATI | 285K | $125M | 46.6% | ±0% |
| 2 | PBT | PERMIAN BASIN RTY TR | 1.01M | $25M | 9.4% | ±0% |
| 3 | LB | LANDBRIDGE COMPANY LLC | 268K | $21M | 7.9% | +1% |
| 4 | HE | HAWAIIAN ELEC INDS INC MTN B | 1.32M | $18M | 6.7% | ±0% |
| 5 | GBTC | GRAYSCALE BITCOIN TRUST ETF | 360K | $16M | 6.1% | ±0% |
| 6 | MIAX | MIAMI INTL HLDGS INC | 289K | $11M | 4.0% | +256% |
| 7 | WBI | WATERBRIDGE INFRASTRUCTURE L | 268K | $9M | 3.4% | −1% |
| 8 | MSB | MESABI TR | 324K | $8M | 3.1% | +1% |
| 9 | WPM | WHEATON PRECIOUS METALS CORP | 56K | $6M | 2.4% | −37% |
| 10 | FNV | FRANCO NEV CORP | 23K | $5M | 1.7% | −5% |
§ 02 · SECTOR ALLOCATION
Where the money is
Sector data pending
§ 03 · THE MAD SIGNAL
AC read
MAD RIVER INVESTORS is a Other fund managing $268 million in assets. The fund runs a portfolio of 30 positions.
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