Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TEXAS PACIFIC LAND CORP | — | $12.29M | 21.60% |
| Grayscale Bitcoin Trust ETF | GBTC | $8.10M | 14.23% |
| US BANK MMDA - USBGFS 7 | USBGFS7 | $5.33M | 9.37% |
| HAWAIIAN ELECTRIC INDS INC | — | $3.86M | 6.78% |
| WHITE MOUNTAINS INS GROUP LTD | — | $3.22M | 5.65% |
| FAIRFAX INDI-SVS | FIH/U CN | $2.52M | 4.43% |
| INVESTOR AB-B | — | $2.52M | 4.42% |
| EURONEXT NV | — | $2.48M | 4.37% |
| Landbridge Company, LLC | LB US | $2.44M | 4.29% |
| WHEATON PRECIOUS METALS CORP | — | $1.05M | 1.84% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026Opened
9
Exited
2
Increased
8
Decreased
3
Unchanged
66
How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weightAdvisers
As of December 31, 2025 · N-CEN
| Firm | Role |
|---|---|
| Horizon Kinetics Asset Management | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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