Portfolio concentration
As of March 31, 2026 · N-PORT
Holdings
37
Top-10 weight
97.74%
Effective holdings
?
The number of equal-weight positions that would produce this portfolio's concentration (1 ÷ Herfindahl index). A 500-stock fund dominated by a few mega-caps might have only ~100 effective holdings.
2
Crowding
?
The value-weighted average number of funds that also own this fund's positions. High = consensus/crowded picks; low = holdings few other funds own.
461.0
Holdings
As of March 31, 2026 · N-PORT| # | Security | Ticker | Shares | Value | % of fund |
|---|---|---|---|---|---|
| 1 | TEXAS PACIFIC LAND CORP | — | 65,167 | $30.93M | 76.93% |
| 2 | US BANK MMDA - USBGFS 7 | USBGFS7 | 2,366,887 | $2.37M | 5.89% |
| 3 | Landbridge Company, LLC | LB US | 28,670 | $1.98M | 4.92% |
| 4 | ASSOCIATED CAPITAL GROUP INC W/I | — | 34,300 | $1.35M | 3.35% |
| 5 | HAWAIIAN ELECTRIC INDS INC | — | 82,900 | $1.23M | 3.06% |
| 6 | GAMCO INVSTRS. INC | GAMI | 17,000 | $408.00K | 1.01% |
| 7 | WATERBRIDGE IN-A | — | 14,098 | $377.69K | 0.94% |
| 8 | PRAIRIESKY ROYALTY LTD | — | 12,000 | $277.77K | 0.69% |
| 9 | Civeo Corporation | CVEO US | 9,000 | $238.14K | 0.59% |
| 10 | Grayscale Bitcoin Mini Trust ETF | BTC | 4,884 | $146.47K | 0.36% |
| 11 | WHITE MOUNTAINS INS GROUP LTD | — | 58 | $127.42K | 0.32% |
| 12 | SB Technology Inc | — | 5,811 | $100.01K | 0.25% |
| 13 | BOLT DATA & ENERGY INC. | — | 20,000 | $100.00K | 0.25% |
| 14 | MIAMI INTERNATIONAL HOLDINGS INC | — | 2,548 | $99.17K | 0.25% |
| 15 | ATLANTA BRAVES HOLDINGS INC | — | 1,694 | $72.33K | 0.18% |
| 16 | GALAXY DIGITAL INC A | — | 3,600 | $66.42K | 0.17% |
| 17 | EAGLE MATERIALS INC | — | 342 | $64.79K | 0.16% |
| 18 | FAIRFAX INDI-SVS | FIH/U CN | 2,800 | $44.94K | 0.11% |
| 19 | Urbana Corp. | URB | 6,234 | $43.07K | 0.11% |
| 20 | TXSE Group, Inc | — | 1,300 | $29.90K | 0.07% |
| 21 | GENERAL ELECTRIC CO | — | 100 | $28.38K | 0.07% |
| 22 | LIBERTY ENERGY INC CL A | — | 972 | $27.99K | 0.07% |
| 23 | GE VERNOVA LLC | — | 25 | $21.82K | 0.05% |
| 24 | Grayscale Bitcoin Cash Trust | BCHG | 6,073 | $20.34K | 0.05% |
| 25 | MESABI TRUST | MSB | 550 | $17.32K | 0.04% |
| 26 | Urbana Corp. (Non-Voting) | URB/A | 1,600 | $9.95K | 0.02% |
| 27 | KNIFE RIVER HOLDING CO W/I | — | 100 | $8.16K | 0.02% |
| 28 | SHS BEN INT | IBIT | 146 | $5.61K | 0.01% |
| 29 | SEAPORT ENTERTAINMENT GROUP INC | — | 188 | $4.04K | 0.01% |
| 30 | Partners Value Investments LP | PVF-W | 200 | $3.85K | 0.01% |
| 31 | FAIRFAX FINL HLDGS LTD SUB VTG | — | 2 | $3.40K | 0.01% |
| 32 | TOEI ANIMATION | — | 200 | $3.27K | 0.01% |
| 33 | Grayscale Bitcoin Trust ETF | GBTC | 60 | $3.17K | 0.01% |
| 34 | Anglo American PLC - ADR | NGLOY | 63 | $1.36K | 0.00% |
| 35 | ECHOSTAR CORP CL A | — | 4 | $468 | 0.00% |
| 36 | VALTERRA PLATINUM LTD ADR | ANGPY | 22 | $311 | 0.00% |
| 37 | Grayscale Litecoin Trust | LTCN | 24 | $98 | 0.00% |
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.