MAD RIVER INVESTORS
Latest 13F filing data - Q4 2025
Holdings (Top positions)
| Stock | Ticker | ||
|---|---|---|---|
 | HE | 1.28M | $15.80M |
 | TPL | 286K | $82.17M |
 | LB | 263K | $12.88M |
 | WBI | 257K | $5.14M |
 | CCL | 156K | $4.75M |
 | WPM | 98K | $11.47M |
 | MIAX | 75K | $3.33M |
 | FNV | 24K | $4.89M |
 | ORCL | 8K | $1.57M |
 | ICE | 8K | $1.24M |
 | RLI | 8K | $479.85K |
 | CSCO | 6K | $462.18K |
 | PANW | 5K | $1.01M |
 | AAPL | 5K | $1.39M |
 | CINF | 4K | $587.95K |
 | AMZN | 4K | $807.87K |
 | C | 3K | $350.07K |
 | KMB | 3K | $282.49K |
 | RGLD | 3K | $590.51K |
 | UNH | 2K | $561.19K |
Hawaiian Electric Industries, Inc.
HE
Shares Held
1.28M
Value
$15.80M
Texas Pacific Land Corporation
TPL
Shares Held
286K
Value
$82.17M
LandBridge Company LLC
LB
Shares Held
263K
Value
$12.88M
WaterBridge Infrastructure LLC
WBI
Shares Held
257K
Value
$5.14M
Carnival Corporation & plc
CCL
Shares Held
156K
Value
$4.75M
Wheaton Precious Metals Corp.
WPM
Shares Held
98K
Value
$11.47M
MIAMI INTERNATIONAL HOLDINGS, INC.
MIAX
Shares Held
75K
Value
$3.33M
Franco-Nevada Corporation
FNV
Shares Held
24K
Value
$4.89M
Oracle Corporation
ORCL
Shares Held
8K
Value
$1.57M
Intercontinental Exchange, Inc.
ICE
Shares Held
8K
Value
$1.24M
RLI Corp.
RLI
Shares Held
8K
Value
$479.85K
Cisco Systems, Inc.
CSCO
Shares Held
6K
Value
$462.18K
Palo Alto Networks, Inc.
PANW
Shares Held
5K
Value
$1.01M
Apple Inc.
AAPL
Shares Held
5K
Value
$1.39M
Cincinnati Financial Corporation
CINF
Shares Held
4K
Value
$587.95K
Amazon.com, Inc.
AMZN
Shares Held
4K
Value
$807.87K
Citigroup Inc.
C
Shares Held
3K
Value
$350.07K
Kimberly-Clark Corporation
KMB
Shares Held
3K
Value
$282.49K
Royal Gold, Inc.
RGLD
Shares Held
3K
Value
$590.51K
UnitedHealth Group Incorporated
UNH
Shares Held
2K
Value
$561.19K