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CIK: 0001384484
Total reported value
$268.1M
$268.1M
31 檔
80.0%
In Q1 2026, Mad River Investors's U.S. equity holdings reached a combined market value of $268.1M, distributed across 31 disclosed stock positions.
In Q1 2026, Mad River Investors adopted a defensive or profit-taking posture, trimming 11 positions and completely liquidating 3 holdings to manage risk exposure.
In terms of portfolio concentration, the top 5 core holdings (including TPL, PBT, HE) accounted for 80.0% of total reported equity market value during Q1 2026.
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | TPL | Texas Pacific Land CORP | Stock-Energy | 48.69% | -2.11% | -0.34% | |
| 2 | PBT | Permian Basin Royalty Trust | Stock-Other | 7.77% | +1.62% | +1.65% | |
| 3 | HE | Hawaiian Electric Inds | Stock-Utilities | 7.28% | -0.36% | +5.05% | |
| 4 | GBTC | Grayscale Bitcoin Trust ETF | ETF-Crypto | 6.84% | -0.73% | -0.09% | |
| 5 | LB | Landbridge Co Llc-a | Stock-Other | 6.62% | +1.30% | +1.31% | |
| 6 | WPM | Wheaton Precious Metals CORP | Stock-Materials | 4.21% | -1.86% | -8.54% | |
| 7 | MSB | Mesabi Trust | Stock-Other | 3.65% | -0.60% | +8.39% | |
| 8 | WBI | Waterbridge Infrastruc-cl A | Stock-Other | 2.61% | +0.81% | +5.41% | |
| 9 | FNV | Franco-nevada CORP | Stock-Materials | 2.10% | -0.35% | -0.02% | |
| 10 | FBTC | Fidelity Wise Origin Bitcoin | ETF-Crypto | 1.49% | -0.15% | -0.73% | |
| 11 | CCL1EUR | Carnival CORP LTD | Stock-Consumer Disc | 1.45% | -1.45% | EXIT | |
| 12 | MIAX | Miami International Holdings | Stock-Other | 1.14% | +2.87% | +8.26% | |
| 13 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.02% | -0.08% | -27.40% | |
| 14 | BTC | Grayscale Bitcoin Mini ETF | ETF-Crypto | 0.88% | -0.09% | +4.60% | |
| 15 | CBOE | Cboe Global Markets Inc | Stock-Financials | 0.68% | -0.07% | -0.15% | |
| 16 | AAPL | Apple Inc | Stock-Tech | 0.47% | +0.08% | — | |
| 17 | ICE | Intercontinental Exchange In | Stock-Financials | 0.43% | -0.07% | — | |
| 18 | ORCL | Oracle CORP | Stock-Tech | 0.43% | +0.01% | — | |
| 19 | PANW | Palo Alto Networks Inc | Stock-Tech | 0.32% | +0.38% | — | |
| 20 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.26% | +0.04% | — | |
| 21 | RGLD | Royal Gold Inc | Stock-Materials | 0.23% | -0.23% | EXIT | |
| 22 | CINF | Cincinnati Financial CORP | Stock-Financials | 0.20% | +0.05% | — | |
| 23 | CSCO | Cisco Systems Inc | Stock-Tech | 0.17% | +0.09% | — | |
| 24 | UNH | Unitedhealth Group Inc | Stock-Healthcare | 0.17% | +0.09% | — | |
| 25 | CACI | Caci International Inc -cl A | Stock-Tech | 0.16% | -0.08% | — | |
| 26 | ETN | Eaton Corporation plc | Stock-Industrials | 0.15% | +0.04% | — | |
| 27 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.15% | -0.15% | EXIT | |
| 28 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.14% | -0.02% | -26.67% | |
| 29 | RLI | Rli CORP | Stock-Financials | 0.12% | +0.01% | -20.00% | |
| 30 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.11% | — | — | |
| 31 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 0.08% | -0.08% | EXIT |
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TPL | Texas Pacific Land CORP | +11.3% | -0.34% | Trim |
| 2 | LB | Landbridge Co Llc-a | +0.8% | +1.31% | Add |
| 3 | WBI | Waterbridge Infrastruc-cl A | +0.3% | +5.41% | Add |
| 4 | PBT | Permian Basin Royalty Trust | +0.1% | +1.65% | Add |
| 5 | HE | Hawaiian Electric Inds | 0% | +5.05% | Add |
| 6 | JNJ | Johnson & Johnson | — | — | Unchanged |
| 7 | ETN | Eaton Corporation plc | 0% | — | Unchanged |
| 8 | RGLD | Royal Gold Inc | 0% | -7.27% | Trim |
| 9 | CACI | Caci International Inc -cl A | 0% | — | Unchanged |
| 10 | CSCO | Cisco Systems Inc | 0% | — | Unchanged |
| 11 | JPM | Jpmorgan Chase & Co | -0.1% | +1.21% | Add |
| 12 | CINF | Cincinnati Financial CORP | -0.1% | — | Unchanged |
| 13 | CBOE | Cboe Global Markets Inc | -0.1% | -0.15% | Trim |
| 14 | VIG | Vanguard Dividend Apprec ETF | -0.1% | -37.50% | Trim |
| 15 | UNH | Unitedhealth Group Inc | -0.1% | — | Unchanged |
| 16 | RLI | Rli CORP | -0.1% | -20.00% | Trim |
| 17 | AMZN | Amazon.com Inc | -0.1% | — | Unchanged |
| 18 | BRK-B | Berkshire Hathaway Inc-cl B | -0.1% | -26.67% | Trim |
| 19 | FNV | Franco-nevada CORP | -0.1% | -0.02% | Trim |
| 20 | ICE | Intercontinental Exchange In | -0.1% | — | Unchanged |
| 21 | PANW | Palo Alto Networks Inc | -0.1% | — | Unchanged |
| 22 | AAPL | Apple Inc | -0.2% | — | Unchanged |
| 23 | ORCL | Oracle CORP | -0.3% | — | Unchanged |
| 24 | MIAX | Miami International Holdings | -0.4% | +8.26% | Add |
| 25 | BTC | Grayscale Bitcoin Mini ETF | -0.5% | +4.60% | Add |
| 26 | CCL1EUR | Carnival CORP LTD | -0.7% | +0.38% | Add |
| 27 | VTI | Vanguard Total Stock Mkt ETF | -0.8% | -27.40% | Trim |
| 28 | FBTC | Fidelity Wise Origin Bitcoin | -1% | -0.73% | Trim |
| 29 | WPM | Wheaton Precious Metals CORP | -1% | -8.54% | Trim |
| 30 | MSB | Mesabi Trust | -1.6% | +8.39% | Add |
| 31 | GBTC | Grayscale Bitcoin Trust ETF | -4.4% | -0.09% | Trim |
| 32 | C | Citigroup Inc | — | EXIT | Sold out |
| 33 | RSP | Invesco S&p 500 Equal Weight | — | EXIT | Sold out |
| 34 | KMB | Kimberly-clark CORP | — | EXIT | Sold out |
According to official SEC Form 13F filings, Mad River Investors reported a total U.S. public equity portfolio value of $268.1M across 31 disclosed positions in Q1 2026.
During Q1 2026, Mad River Investors's top holdings by market value included TPL (48.7%)、PBT (7.8%)、HE (7.3%). The largest single position, TPL, represented 48.7% of total portfolio value.
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Top Position Liquidated / Trimmed
C
前期市值: $350.1K
In Q1 2026, Mad River Investors made 23 total portfolio adjustments, initiating 0 new buys, adding to 9 positions, trimming 11 holdings, and fully liquidating 3 stocks.
All holding records on this page are fetched directly from the U.S. Securities and Exchange Commission (SEC) EDGAR system (Form 13F-HR). AlphaSMO parses CUSIP identifiers and formats data into Schema.org-compliant datasets.
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