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13F-HR filed by MAD RIVER INVESTORS

MAD RIVER INVESTORS filed this 13F-HR for the quarter ended 2025-06-30, filed 2025-07-08, with 24 holding rows worth $223,277,467.

Accession
0001384484-25-000007
Filed
2025-07-08
Accepted by EDGAR
acceptance time not in the bulk data set
Ingested
Source
SEC quarterly data set

Original filing

13F report for Q2 2025

A holdings report, 24 entries on the cover page, a total value of $223,277,467 stated on the cover page (in dollars after the unit check, H1), rows summing to $223,277,467 with VALUE read as dollars as filed, 13F file number 028-12322. The quarter's positions are built on this report. The resolved quarter.

The information table after summing rows of one CUSIP and put or call (H4), with the CUSIP and issuer name as filed. Values in dollars after the unit check (method).

Issuer as filedCUSIPClassAmountValueValue read asType
TEXAS PACIFIC LAND CORPORATION COM88262P102Stock95,013$100,370,944dollars as filed
GRAYSCALE BITCOIN TRUST ETF389637109SHS REP COM UT372,381$31,589,081dollars as filed
LANDBRIDGE COMPANY LLC514952100CL A234,754$15,864,708dollars as filed
HAWAIIAN ELEC INDS INC MTN B419870100COM1,225,900$13,031,317dollars as filed
PERMIAN BASIN RTY TR714236106UNIT BEN INT883,917$11,013,607dollars as filed
WHEATON PRECIOUS METALS CORP COM962879102Stock115,925$10,410,107dollars as filed
MESABI TR590672101CTF BEN INT295,413$7,078,099dollars as filed
Fidelity Wise Origin Bitcoin Fund315948109SHS73,261$6,885,802dollars as filed
CARNIVAL CORP COMMON STOCK143658300Stock183,796$5,168,351dollars as filed
FRANCO NEV CORP COM351858105Stock24,053$3,942,762dollars as filed
GRAYSCALE BITCOIN MINI TR ET389930207SHS NEW78,286$3,738,157dollars as filed
VTI922908769COM12,122$3,684,240dollars as filed
ARIS WATER SOLUTIONS INC04041L106CLASS A COM88,500$2,093,025dollars as filed
CIVEO CORP17878Y207COMMON STOCK67,938$1,568,685dollars as filed
CBOE GLOBAL MKTS INC COM12503M108Stock6,680$1,557,762dollars as filed
Intercontinental Exchange,Inc.45866F104COM7,695$1,411,875dollars as filed
Vanguard Dividend Appreciation ETF921908844SHS6,200$1,268,954dollars as filed
Berkshire Hathaway Inc084670702COM1,175$570,780dollars as filed
RLI CORP COM749607107Stock7,500$541,650dollars as filed
Sandstorm Gold Ltd80013R206Common Stock48,674$457,538dollars as filed
CACI INTL INC CL A127190304Stock855$407,579dollars as filed
INVESCO EXCHANGE-TRADED FD TR S&P 500 EQUAL WEIGHT ETF46137V357COM1,508$274,064dollars as filed
EAGLE MATLS INC COM26969P108Stock1,231$248,700dollars as filed
PERMIAN BASIN RTY TR714236106UNIT BEN INT8,000$99,680dollars as filedcall

Amendment chain

FilingRoleFiledAcceptedIngested
13F-HR 0001384484-25-000007this filing2025-07-08acceptance time not in the bulk data set