Fund Universe

← Fund Universe

☆MAD RIVER INVESTORS

CIK 0001384484 · holdings for 2026Q2 (change vs 2026Q1) · in signal universe
Quality Q
0.798
AUM ($M)
267
Positions
29
Turnover
0.08
Top-10 wt
91%
Herfindahl
0.247
History (qtrs)
6
Excess Return
—

AI Eval Run AI Eval

No AI Eval requested yet for this fund.
Quarter
Activity this period
Security type

Holdings · 33 positions · portfolio value $267M

TickerNameActivitySecurity Type WeightΔ Weight Value ($M)SharesΔ Shares Qtrs HeldExcess Return
☆TPL funds › TEXAS PACIFIC LAND CORPORATI ADD — 46.7% -2.1% 124.9 285,330 +210 5 —
☆PBT funds › PERMIAN BASIN RTY TR ADD — 9.4% +1.6% 25.2 1,005,152 +2,012 5 —
☆LB funds › LANDBRIDGE COMPANY LLC ADD — 7.9% +1.3% 21.2 267,953 +1,568 5 —
☆HE funds › HAWAIIAN ELEC INDS INC MTN B ADD — 6.7% -0.4% 17.9 1,321,850 +4,800 5 —
☆GBTC funds › GRAYSCALE BITCOIN TRUST ETF HOLD — 6.1% -0.7% 16.4 360,139 +0 5 —
☆MIAX funds › MIAMI INTL HLDGS INC ADD — 4.0% +2.9% 10.7 289,000 +207,750 4 —
☆WBI funds › WATERBRIDGE INFRASTRUCTURE L TRIM — 3.4% +0.8% 9.2 267,801 -3,099 4 —
☆MSB funds › MESABI TR ADD — 3.1% -0.6% 8.2 323,735 +2,189 5 —
☆WPM funds › WHEATON PRECIOUS METALS CORP TRIM — 2.4% -1.9% 6.3 56,173 -33,098 5 —
☆FNV funds › FRANCO NEV CORP TRIM — 1.8% -0.3% 4.7 22,506 -1,084 5 —
☆FBTC funds › FIDELITY WISE ORIGIN BITCOIN ADD — 1.3% -0.2% 3.6 70,369 +30 5 —
☆CCL funds › CARNIVAL CORP LTD NEW — 1.0% +1.0% 2.7 95,373 +95,373 1 —
☆VTI funds › VANGUARD INDEX FDS TRIM — 0.9% -0.1% 2.5 6,800 -2,000 5 —
☆BTC funds › GRAYSCALE BITCOIN MINI TR ET ADD — 0.8% -0.1% 2.1 81,517 +300 5 —
☆PANW funds › PALO ALTO NETWORKS INC HOLD — 0.7% +0.4% 1.9 5,484 +0 4 —
☆CBOE funds › CBOE GLOBAL MKTS INC ADD — 0.6% -0.1% 1.6 6,705 +25 5 —
☆AAPL funds › APPLE INC TRIM — 0.5% +0.1% 1.5 5,050 -50 4 —
☆ORCL funds › ORACLE CORP HOLD — 0.4% +0.0% 1.2 8,050 +0 4 —
☆ICE funds › INTERCONTINENTAL EXCHANGE IN ADD — 0.4% -0.1% 1.0 7,846 +201 5 —
☆AMZN funds › AMAZON COM INC TRIM — 0.3% +0.0% 0.8 3,400 -100 4 —
☆UNH funds › UNITEDHEALTH GROUP INC HOLD — 0.3% +0.1% 0.7 1,700 +0 4 —
☆CSCO funds › CISCO SYS INC HOLD — 0.3% +0.1% 0.7 6,000 +0 4 —
☆CINF funds › CINCINNATI FINL CORP HOLD — 0.2% +0.0% 0.7 3,600 +0 4 —
☆ETN funds › EATON CORP PLC HOLD — 0.2% +0.0% 0.5 1,200 +0 4 —
☆RLI funds › RLI CORP HOLD — 0.1% +0.0% 0.4 6,000 +0 5 —
☆BRKB funds › BERKSHIRE HATHAWAY INC DEL TRIM — 0.1% -0.0% 0.3 625 -200 5 —
☆JNJ funds › JOHNSON & JOHNSON HOLD — 0.1% +0.0% 0.3 1,200 +0 4 —
☆CACI funds › CACI INTL INC TRIM — 0.1% -0.1% 0.2 455 -350 5 —
☆FRMI funds › FERMI INC NEW — 0.1% +0.1% 0.2 16,500 +16,500 1 —
☆RGLD funds › ROYAL GOLD INC EXIT — 0.0% -0.2% 0.0 0 -2,463 0 —
☆JPM funds › JPMORGAN CHASE & CO EXIT — 0.0% -0.2% 0.0 0 -1,417 0 —
☆CUSIP:143658300 funds › CARNIVAL CORP EXIT — 0.0% -1.5% 0.0 0 -156,181 0 —
☆VIG funds › VANGUARD SPECIALIZED FUNDS EXIT — 0.0% -0.1% 0.0 0 -1,000 0 —

Point-in-time history

Each row is this fund as of that period, not as of today — what the scoring for that quarter actually saw.
PeriodAUM ($M)Positions TurnoverTop-10 wtHerfindahl Quality Q Skill Universe
2026Q2 267 29 0.08 91% 0.247 0.797 — in
2026Q1 277 31 0.13 91% 0.264 0.745 — in
2025Q4 219 34 0.05 87% 0.176 0.758 — in
2025Q3 233 37 0.12 87% 0.182 0.665 — in
2025Q2 223 23 0.10 92% 0.239 0.770 — entered
2025Q1 236 24 0.00 92% 0.310 0.000 — out
Long US-equity 13F disclosures only · up to 45-day reporting lag · sells = reduce/avoid, not short. JSON: /api/signals · /api/funds · /api/status