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Meixler Investment Management, Ltd.

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13F filer, CIK 1911615, SHOW LOW, AZ

Meixler Investment Management, Ltd. reported $163,235,156 across 105 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-06. Its ten largest share positions make up 51.78% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001911615-25-000002

Period
2025-09-30
Reported value
$163M
Holdings
105
Top 10 weight
51.78%
New
9
Sold out
8

Largest buys vs the previous quarter

SecurityShares changeApprox. value
KMInew+66,485$1.88M
CPnew+22,076$1.64M
KNFnew+20,930$1.61M
PAGnew+6,636$1.15M
NRPadded+10,465$1.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
PLYMreduced-51,636-$1.15M
SUreduced-20,375-$852K
FNVreduced-3,407-$759K
PHYSreduced-21,311-$631K
SKYHreduced-42,914-$424K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001911615-25-000002, largest first. % of portfolio is the value over $163,039,828, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
PHYSSPROTT ASSET MANAGEMENT LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 824,027 shares; 2024Q4: 822,153 shares; 2025Q1: 654,270 shares; 2025Q2: 631,977 shares; 2025Q3: 610,666 shares 610,666$18.1M11.09%-21,311Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,953 shares; 2024Q4: 28,610 shares; 2025Q1: 28,275 shares; 2025Q2: 27,486 shares; 2025Q3: 28,227 shares 28,227$14.2M8.7%+741Timeline
DMLPDORCHESTER MINERALS L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 422,667 shares; 2024Q4: 416,733 shares; 2025Q1: 413,591 shares; 2025Q2: 413,323 shares; 2025Q3: 413,972 shares 413,972$10.7M6.57%+649Timeline
SUSUNCOR ENERGY INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 286,220 shares; 2024Q4: 279,946 shares; 2025Q1: 271,446 shares; 2025Q2: 267,722 shares; 2025Q3: 247,347 shares 247,347$10.3M6.34%-20,375Timeline
NRPNATURAL RESOURCE PARTNERS LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,885 shares; 2024Q4: 45,591 shares; 2025Q1: 49,400 shares; 2025Q2: 67,502 shares; 2025Q3: 77,967 shares 77,967$8.19M5.02%+10,465Timeline
CNQCANADIAN NAT RES LTD MED TERQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 149,806 shares; 2024Q4: 171,131 shares; 2025Q1: 174,994 shares; 2025Q2: 174,715 shares; 2025Q3: 191,528 shares 191,528$6.12M3.75%+16,813Timeline
EXPEAGLE MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,030 shares; 2024Q4: 2,060 shares; 2025Q1: 13,728 shares; 2025Q2: 17,923 shares; 2025Q3: 20,089 shares 20,089$4.68M2.87%+2,166Timeline
FNVFRANCO NEV CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,086 shares; 2024Q4: 24,760 shares; 2025Q1: 25,057 shares; 2025Q2: 22,233 shares; 2025Q3: 18,826 shares 18,826$4.2M2.57%-3,407Timeline
TYGTORTOISE ENERGY INFRSTRCTR CQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 122,642 shares; 2025Q1: 103,747 shares; 2025Q2: 94,925 shares; 2025Q3: 92,828 shares 92,828$4M2.45%-2,097Timeline
EPDENTERPRISE PRODS PARTNERS LQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 74,775 shares; 2024Q4: 85,450 shares; 2025Q1: 89,950 shares; 2025Q2: 109,475 shares; 2025Q3: 124,775 shares 124,775$3.9M2.39%+15,300Timeline
HONHONEYWELL INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 5,392 shares; 2025Q1: 12,862 shares; 2025Q2: 14,736 shares; 2025Q3: 17,853 shares 17,853$3.76M2.3%+3,117Timeline
LMTLOCKHEED MARTIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,042 shares; 2024Q4: 6,696 shares; 2025Q1: 6,507 shares; 2025Q2: 6,316 shares; 2025Q3: 6,221 shares 6,221$3.11M1.9%-95Timeline
LEGHLEGACY HOUSING CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 106,899 shares; 2024Q4: 107,440 shares; 2025Q1: 100,510 shares; 2025Q2: 108,616 shares; 2025Q3: 102,398 shares 102,398$2.82M1.73%-6,218Timeline
OUNZVANECK MERK GOLD ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 54,757 shares; 2025Q2: 67,977 shares; 2025Q3: 71,698 shares 71,698$2.67M1.64%+3,721Timeline
OROR ROYALTIES INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 72,459 shares; 2025Q3: 62,480 shares 62,480$2.5M1.54%-9,979Timeline
WPCWP CAREY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 18,485 shares; 2025Q1: 33,741 shares; 2025Q2: 37,506 shares; 2025Q3: 36,698 shares 36,698$2.48M1.52%-808Timeline
OKEONEOK INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,996 shares; 2024Q4: 6,932 shares; 2025Q1: 13,223 shares; 2025Q2: 30,937 shares; 2025Q3: 31,642 shares 31,642$2.31M1.42%+705Timeline
SKYHSKY HARBOUR GROUP CORPORATIOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 98,646 shares; 2024Q4: 157,930 shares; 2025Q1: 220,618 shares; 2025Q2: 263,995 shares; 2025Q3: 221,081 shares 221,081$2.18M1.34%-42,914Timeline
Sandstorm Gold LtdSandstorm Gold LtdQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 11,905 shares; 2025Q1: 200,963 shares; 2025Q2: 186,925 shares; 2025Q3: 173,913 shares 173,913$2.18M1.34%-13,012
PKSTPEAKSTONE REALTY TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 54,512 shares; 2025Q1: 85,953 shares; 2025Q2: 86,053 shares; 2025Q3: 164,127 shares 164,127$2.15M1.32%+78,074Timeline
VALVALARIS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 43,451 shares; 2024Q4: 54,729 shares; 2025Q1: 56,135 shares; 2025Q2: 47,709 shares; 2025Q3: 39,766 shares 39,766$1.94M1.19%-7,943Timeline
LOWLOWES COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,494 shares; 2024Q4: 8,830 shares; 2025Q1: 8,813 shares; 2025Q2: 8,145 shares; 2025Q3: 7,554 shares 7,554$1.9M1.16%-591Timeline
KMIKINDER MORGAN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 66,485 shares 66,485$1.88M1.15%newTimeline
ENBENBRIDGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,728 shares; 2024Q4: 30,152 shares; 2025Q1: 33,117 shares; 2025Q2: 35,872 shares; 2025Q3: 35,295 shares 35,295$1.78M1.09%-577Timeline
FRPHFRP HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 25,891 shares; 2025Q1: 61,716 shares; 2025Q2: 72,598 shares; 2025Q3: 72,722 shares 72,722$1.77M1.09%+124Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 22,076 shares 22,076$1.64M1.01%newTimeline
KNFKNIFE RIVER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 20,930 shares 20,930$1.61M0.99%newTimeline
GRIDFIRST TR EXCHANGE-TRADED FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,280 shares; 2024Q4: 3,320 shares; 2025Q1: 3,316 shares; 2025Q2: 4,987 shares; 2025Q3: 9,808 shares 9,808$1.48M0.91%+4,821Timeline
BOCBOSTON OMAHA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 73,206 shares; 2024Q4: 101,630 shares; 2025Q1: 119,405 shares; 2025Q2: 116,265 shares; 2025Q3: 108,547 shares 108,547$1.42M0.87%-7,718Timeline
HDHOME DEPOT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,150 shares; 2024Q4: 3,122 shares; 2025Q1: 3,432 shares; 2025Q2: 3,395 shares; 2025Q3: 3,316 shares 3,316$1.34M0.82%-79Timeline
LECOLINCOLN ELEC HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,160 shares; 2025Q2: 6,509 shares; 2025Q3: 5,407 shares 5,407$1.28M0.78%-1,102Timeline
XARSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,961 shares; 2024Q4: 7,015 shares; 2025Q1: 6,524 shares; 2025Q2: 5,630 shares; 2025Q3: 5,367 shares 5,367$1.26M0.77%-263Timeline
PAGPENSKE AUTOMOTIVE GRP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 6,636 shares 6,636$1.15M0.71%newTimeline
AEMAGNICO EAGLE MINES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,580 shares; 2024Q4: 9,655 shares; 2025Q1: 9,273 shares; 2025Q2: 8,647 shares; 2025Q3: 6,387 shares 6,387$1.08M0.66%-2,260Timeline
CAAPCORPORACION AMER ARPTS S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 31,051 shares; 2024Q4: 42,710 shares; 2025Q1: 52,992 shares; 2025Q2: 54,362 shares; 2025Q3: 58,444 shares 58,444$1.06M0.65%+4,082Timeline
IMOIMPERIAL OIL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,895 shares; 2024Q4: 15,986 shares; 2025Q1: 16,247 shares; 2025Q2: 14,229 shares; 2025Q3: 11,632 shares 11,632$1.06M0.65%-2,597Timeline
JOEST JOE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,532 shares; 2024Q4: 27,386 shares; 2025Q1: 27,895 shares; 2025Q2: 24,239 shares; 2025Q3: 20,524 shares 20,524$1.02M0.62%-3,715Timeline
VOXRVOX ROYALTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 201,300 shares; 2024Q4: 220,787 shares; 2025Q1: 224,179 shares; 2025Q2: 217,829 shares; 2025Q3: 214,779 shares 214,779$924K0.57%-3,050Timeline
TRMBTRIMBLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,337 shares; 2024Q4: 19,137 shares; 2025Q1: 17,496 shares; 2025Q2: 14,025 shares; 2025Q3: 11,203 shares 11,203$915K0.56%-2,822Timeline
LAMRLAMAR ADVERTISING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,620 shares; 2024Q4: 4,049 shares; 2025Q1: 6,564 shares; 2025Q2: 9,650 shares; 2025Q3: 7,042 shares 7,042$862K0.53%-2,608Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,017 shares; 2024Q4: 3,652 shares; 2025Q1: 3,693 shares; 2025Q2: 2,933 shares; 2025Q3: 3,434 shares 3,434$835K0.51%+501Timeline
NEMNEWMONT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 6,947 shares; 2025Q2: 9,409 shares; 2025Q3: 8,830 shares 8,830$744K0.46%-579Timeline
AMRZAMRIZE LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 15,100 shares 15,100$733K0.45%newTimeline
WPMWHEATON PRECIOUS METALS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,349 shares; 2024Q4: 8,539 shares; 2025Q1: 8,001 shares; 2025Q2: 7,272 shares; 2025Q3: 6,552 shares 6,552$733K0.45%-720Timeline
SNXTD SYNNEX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,814 shares; 2024Q4: 5,932 shares; 2025Q1: 5,702 shares; 2025Q2: 5,003 shares; 2025Q3: 4,455 shares 4,455$730K0.45%-548Timeline
WCCWESCO INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,498 shares; 2024Q4: 3,058 shares; 2025Q1: 4,663 shares; 2025Q2: 3,629 shares; 2025Q3: 3,307 shares 3,307$699K0.43%-322Timeline
NENOBLE CORP PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,093 shares; 2024Q4: 26,383 shares; 2025Q1: 26,698 shares; 2025Q2: 25,260 shares; 2025Q3: 24,530 shares 24,530$694K0.43%-730Timeline
SOBOSOUTH BOW CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 28,964 shares; 2025Q1: 27,555 shares; 2025Q2: 26,190 shares; 2025Q3: 24,125 shares 24,125$682K0.42%-2,065Timeline
AIGAMERICAN INTL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,681 shares; 2024Q4: 10,129 shares; 2025Q1: 9,720 shares; 2025Q2: 9,290 shares; 2025Q3: 8,580 shares 8,580$674K0.41%-710Timeline
SFMSPROUTS FMRS MKT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,422 shares; 2025Q2: 2,304 shares; 2025Q3: 6,138 shares 6,138$668K0.41%+3,834Timeline
TFPMTRIPLE FLAG PRECIOUS METALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 23,862 shares; 2024Q4: 28,612 shares; 2025Q1: 25,825 shares; 2025Q2: 22,742 shares; 2025Q3: 20,798 shares 20,798$609K0.37%-1,944Timeline
RGLDROYAL GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,007 shares 3,007$603K0.37%newTimeline
OMABGRUPO AEROPORTUARIO DEL CENTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,649 shares; 2024Q4: 7,649 shares; 2025Q1: 7,621 shares; 2025Q2: 5,861 shares; 2025Q3: 5,665 shares 5,665$588K0.36%-196Timeline
QCOMQUALCOMM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,850 shares; 2024Q4: 3,802 shares; 2025Q1: 3,505 shares; 2025Q2: 3,290 shares; 2025Q3: 3,442 shares 3,442$573K0.35%+152Timeline
GBTCGRAYSCALE BITCOIN TRUST ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,702 shares; 2024Q4: 6,566 shares; 2025Q1: 6,311 shares; 2025Q2: 6,199 shares; 2025Q3: 5,977 shares 5,977$537K0.33%-222Timeline
TPLTEXAS PACIFIC LAND CORPORATIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,406 shares; 2024Q4: 1,183 shares; 2025Q1: 875 shares; 2025Q2: 748 shares; 2025Q3: 564 shares 564$527K0.32%-184Timeline
BTUPEABODY ENGR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 66,836 shares; 2024Q4: 58,583 shares; 2025Q1: 55,889 shares; 2025Q2: 29,290 shares; 2025Q3: 19,759 shares 19,759$524K0.32%-9,531Timeline
ALTGALTA EQUIPMENT GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 26,475 shares; 2024Q4: 33,192 shares; 2025Q1: 34,792 shares; 2025Q2: 33,317 shares; 2025Q3: 72,192 shares 72,192$523K0.32%+38,875Timeline
TRPTC ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,650 shares; 2024Q4: 10,600 shares; 2025Q1: 10,280 shares; 2025Q2: 9,970 shares; 2025Q3: 9,528 shares 9,528$518K0.32%-442Timeline
TIPTTIPTREE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 27,281 shares; 2025Q1: 27,041 shares; 2025Q2: 27,086 shares; 2025Q3: 26,711 shares 26,711$512K0.31%-375Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 185 shares; 2025Q2: 184 shares; 2025Q3: 218 shares 218$509K0.31%+34Timeline
CRESYCRESUD S A C I F Y AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 47,670 shares; 2024Q4: 49,741 shares; 2025Q1: 49,201 shares; 2025Q2: 53,647 shares; 2025Q3: 53,543 shares 53,543$493K0.3%-104Timeline
ATKRATKORE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,056 shares; 2024Q4: 5,164 shares; 2025Q1: 5,423 shares; 2025Q2: 5,226 shares; 2025Q3: 7,700 shares 7,700$483K0.3%+2,474Timeline
SIISPROTT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 6,464 shares; 2025Q1: 6,710 shares; 2025Q2: 6,721 shares; 2025Q3: 5,776 shares 5,776$481K0.29%-945Timeline
IBITISHARES BITCOIN TRUST ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,492 shares; 2024Q4: 7,413 shares; 2025Q1: 7,548 shares; 2025Q2: 7,505 shares; 2025Q3: 7,111 shares 7,111$462K0.28%-394Timeline
PSLVSPROTT ASSET MANAGEMENT LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,665 shares; 2024Q4: 16,215 shares; 2025Q1: 27,315 shares; 2025Q2: 28,240 shares; 2025Q3: 28,165 shares 28,165$442K0.27%-75Timeline
HCCWARRIOR MET COAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 37,515 shares; 2024Q4: 29,755 shares; 2025Q1: 26,562 shares; 2025Q2: 11,936 shares; 2025Q3: 6,840 shares 6,840$435K0.27%-5,096Timeline
REXRREXFORD INDL RLTY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 11,315 shares; 2025Q1: 13,150 shares; 2025Q2: 9,206 shares; 2025Q3: 10,494 shares 10,494$431K0.26%+1,288Timeline
BRKRBRUKER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 12,401 shares; 2025Q2: 12,453 shares; 2025Q3: 12,983 shares 12,983$422K0.26%+530Timeline
MOSMOSAIC COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,302 shares; 2024Q4: 22,699 shares; 2025Q1: 16,395 shares; 2025Q2: 13,495 shares; 2025Q3: 11,944 shares 11,944$414K0.25%-1,551Timeline
ARWARROW ELECTRS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,333 shares; 2024Q4: 3,421 shares; 2025Q1: 3,801 shares; 2025Q2: 3,314 shares; 2025Q3: 3,396 shares 3,396$411K0.25%+82Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,518 shares; 2024Q4: 1,638 shares; 2025Q1: 1,695 shares; 2025Q2: 1,506 shares; 2025Q3: 1,565 shares 1,565$381K0.23%+59Timeline
BGBUNGE GLOBAL SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,795 shares; 2024Q4: 5,481 shares; 2025Q1: 6,093 shares; 2025Q2: 5,966 shares; 2025Q3: 4,680 shares 4,680$380K0.23%-1,286Timeline
HGTYHAGERTY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,455 shares; 2024Q4: 28,475 shares; 2025Q1: 29,105 shares; 2025Q2: 29,295 shares; 2025Q3: 29,115 shares 29,115$351K0.22%-180Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,653 shares; 2024Q4: 1,542 shares; 2025Q1: 1,370 shares; 2025Q2: 1,347 shares; 2025Q3: 1,362 shares 1,362$347K0.21%+15Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,395 shares; 2024Q4: 3,220 shares; 2025Q1: 3,245 shares; 2025Q2: 3,060 shares; 2025Q3: 3,060 shares 3,060$345K0.21%0Timeline
SSNCSS&C TECH HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,438 shares; 2024Q4: 3,177 shares; 2025Q1: 3,532 shares; 2025Q2: 3,867 shares; 2025Q3: 3,849 shares 3,849$342K0.21%-18Timeline
VLTOVERALTO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,817 shares; 2025Q3: 3,153 shares 3,153$336K0.21%+336Timeline
NPKNATIONAL PRESTO INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 3,024 shares; 2025Q3: 2,956 shares 2,956$332K0.2%-68Timeline
ALEXALEXANDER & BALDWIN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,338 shares; 2024Q4: 17,600 shares; 2025Q1: 17,850 shares; 2025Q2: 17,431 shares; 2025Q3: 17,350 shares 17,350$316K0.19%-81Timeline
GSHDGOOSEHEAD INS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,869 shares; 2025Q2: 2,421 shares; 2025Q3: 4,135 shares 4,135$308K0.19%+1,714Timeline
SJTSAN JUAN BASIN RTY TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,300 shares; 2024Q4: 37,800 shares; 2025Q1: 40,450 shares; 2025Q2: 33,500 shares; 2025Q3: 49,600 shares 49,600$300K0.18%+16,100Timeline
OCOWENS CORNING NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,616 shares; 2025Q3: 2,107 shares 2,107$298K0.18%+491Timeline
UMHUMH PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,418 shares; 2024Q4: 18,893 shares; 2025Q1: 18,150 shares; 2025Q2: 16,225 shares; 2025Q3: 19,275 shares 19,275$286K0.18%+3,050Timeline
EMX RTY CORPEMX RTY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 32,550 shares; 2025Q1: 62,350 shares; 2025Q2: 59,100 shares; 2025Q3: 51,250 shares 51,250$264K0.16%-7,850
NTRNUTRIEN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,159 shares; 2024Q4: 6,955 shares; 2025Q1: 5,859 shares; 2025Q2: 5,142 shares; 2025Q3: 4,440 shares 4,440$261K0.16%-702Timeline
PLYMPLYMOUTH INDUSTRIAL REIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,313 shares; 2024Q4: 48,813 shares; 2025Q1: 61,420 shares; 2025Q2: 62,901 shares; 2025Q3: 11,265 shares 11,265$252K0.15%-51,636Timeline
PSXPHILLIPS 66Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,194 shares; 2025Q3: 1,827 shares 1,827$249K0.15%-367Timeline
FERGFERGUSON ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,097 shares; 2025Q3: 1,089 shares 1,089$245K0.15%-8Timeline
CVXCHEVRON CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,126 shares; 2024Q4: 1,690 shares; 2025Q1: 1,540 shares; 2025Q2: 1,434 shares; 2025Q3: 1,428 shares 1,428$222K0.14%-6Timeline
BACBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,200 shares 4,200$217K0.13%newTimeline
ALNTALLIENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,287 shares; 2024Q4: 11,562 shares; 2025Q1: 10,380 shares; 2025Q2: 6,048 shares; 2025Q3: 4,782 shares 4,782$214K0.13%-1,266Timeline
IAINNOVATIVE SOLUTIONS & SUPPOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 11,625 shares; 2025Q2: 15,275 shares; 2025Q3: 16,825 shares 16,825$210K0.13%+1,550Timeline
ZIGETF SER SOLUTIONSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,800 shares; 2024Q4: 9,650 shares; 2025Q1: 9,100 shares; 2025Q2: 6,050 shares; 2025Q3: 5,540 shares 5,540$209K0.13%-510Timeline
SHWSHERWIN WILLIAMS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 689 shares; 2024Q4: 701 shares; 2025Q1: 667 shares; 2025Q2: 663 shares; 2025Q3: 598 shares 598$207K0.13%-65Timeline
MXCMEXCO ENERGY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,431 shares; 2024Q4: 21,231 shares; 2025Q1: 20,921 shares; 2025Q2: 19,277 shares; 2025Q3: 19,827 shares 19,827$182K0.11%+550Timeline
CLFCLEVELAND-CLIFFS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,175 shares; 2024Q4: 16,725 shares; 2025Q1: 16,650 shares; 2025Q2: 17,390 shares; 2025Q3: 12,763 shares 12,763$156K0.1%-4,627Timeline
HEHAWAIIAN ELEC INDS INC MTN BQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,000 shares 10,000$110K0.07%newTimeline
ILPTINDUSTRIAL LOGISTICS PPTYS TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,850 shares; 2024Q4: 19,950 shares; 2025Q1: 17,100 shares; 2025Q2: 16,600 shares; 2025Q3: 15,300 shares 15,300$89.2K0.05%-1,300Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
NEMNEWMONT CORP COMcall3,700$95.5K-5,800
BTUPEABODY ENGR CORP COMcall8,700$33K-8,300
CLFCLEVELAND-CLIFFS INC NEW Stockcall4,200$24.1K-2,500
SUSUNCOR ENERGY INC NEW Stockcall2,100$21.8K-1,700
CNQCANADIAN NAT RES LTD MED TER Stockcall3,300$20.3K+1,800
TIPTTIPTREE INC COMcall300$653new

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
ENVXENOVIX CORPORATION33,974$351Kshares
GEGE AEROSPACE1,119$288Kshares
ARIS WATER SOLUTIONS INCARIS WATER SOLUTIONS INC10,793$255Kshares
CVECENOVUS ENERGY INC2,282$31Kshares
ENVXENOVIX CORPORATION9,000$16Kcall
CVECENOVUS ENERGY INC13,800$9.96Kcall
PSXPHILLIPS 66100$2.81Kcall
VALVALARIS LTD300$1.01Kcall

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001911615-25-000002 base2025-11-06acceptance time not in the bulk data set