Asset Manager
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MAD RIVER INVESTORS
84 STATE STREET SUITE 1060, BOSTON, MA 02109 • 617-728-0333
Market Value
$220M
-5.3%
Holdings
22
-3
New Purchases
0
Added To
5
Closed
1
Reduced
11
Top 10 Concentration
93.5%
Turnover
4.5%
Top Buys (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| GBTC | 14.39% | 10.47% | +3.92% | $32M |
| PBT | 5.02% | 2.02% | +3.00% | $11M |
| FBTC | 3.14% | 2.33% | +0.81% | $7M |
| CCL | 2.35% | 1.58% | +0.77% | $5M |
| BTC | 1.70% | 1.23% | +0.47% | $4M |
| VTI | 1.68% | 1.44% | +0.24% | $4M |
| HE | 5.94% | 5.74% | +0.19% | $13M |
| 0HQN.L | 0.71% | 0.61% | +0.10% | $2M |
| ICE | 0.64% | 0.56% | +0.08% | $1M |
| VIG | 0.58% | 0.52% | +0.06% | $1M |
| CACI | 0.19% | 0.14% | +0.05% | $408K |
| RSP | 0.12% | 0.11% | +0.01% | $274K |
Top Sells (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| TPL | 45.72% | 54.40% | -8.68% | $100M |
| MSB | 3.22% | 3.48% | -0.25% | $7M |
| WPM | 4.74% | 4.95% | -0.21% | $10M |
| BRK-B | 0.26% | 0.44% | -0.18% | $571K |
| DIS | 0.00% | 0.10% | -0.10% | $0 |
| FNV | 1.80% | 1.89% | -0.09% | $4M |
| EXP | 0.11% | 0.20% | -0.09% | $249K |
| RLI | 0.25% | 0.31% | -0.07% | $542K |
| LB | 7.23% | 7.27% | -0.04% | $16M |
| SAND | 0.21% | 0.21% | -0.00% | $458K |
Sector Allocation Over Time
Industry Breakdown
| Industry | Weight |
|---|---|
| Energy | 64.2% |
| Financial Services | 13.1% |
| Basic Materials | 11.1% |
| Utilities | 7.6% |
| Consumer Cyclical | 1.9% |
Market Cap Concentration
| Tier | Holdings | Value | Weight |
|---|---|---|---|
| Mega Cap | 2 | $4M | 1.9% |
| Large Cap | 12 | $163M | 74.4% |
| Mid Cap | 6 | $34M | 15.4% |
| Small Cap | 2 | $18M | 8.2% |
Portfolio Analytics
Avg Market Cap
$111.8B
Median Market Cap
$31.9B
Avg P/E
35.8
Median P/E
23.1
Avg Dividend Yield
0.01%
Avg Beta
0.99
# Stocks
14
# ETFs / Funds
8
Top Holdings (22 total)
| # | Symbol | % Port | Shares | Value | Avg Price | Q/Q Value Chg | Share Chg | Chg % | Status |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TPL | 45.72% | 95,013 | $100M | $1,056.39 | -$26M | -170 | -0.2% | |
| 2 | GBTC | 14.39% | 372,381 | $32M | $84.83 | $7M | -100 | -0.0% | |
| 3 | LB | 7.23% | 234,754 | $16M | $67.58 | -$987K | +501 | +0.2% | |
| 4 | HE | 5.94% | 1,225,900 | $13M | $10.63 | -$283K | +10,000 | +0.8% | |
| 5 | PBT | 5.02% | 883,917 | $11M | $12.46 | $6M | +412,224 | +87.4% | |
| 6 | WPM | 4.74% | 115,925 | $10M | $89.80 | -$1M | -31,868 | -21.6% | |
| 7 | MSB | 3.22% | 295,413 | $7M | $23.96 | -$986K | -1,044 | -0.3% | |
| 8 | FBTC | 3.14% | 73,261 | $7M | $93.99 | $1M | -1,792 | -2.4% | |
| 9 | CCL | 2.35% | 183,796 | $5M | $28.12 | $1M | -4,300 | -2.3% | |
| 10 | FNV | 1.80% | 24,053 | $4M | $163.92 | -$438K | -3,749 | -13.5% | |
| 11 | BTC | 1.70% | 78,286 | $4M | $47.75 | $882K | — | — | |
| 12 | VTI | 1.68% | 12,122 | $4M | $303.93 | $353K | — | — | |
| 13 | 0HQN.L | 0.71% | 6,680 | $2M | $233.20 | $151K | +465 | +7.5% | |
| 14 | ICE | 0.64% | 7,695 | $1M | $183.48 | $115K | +175 | +2.3% | |
| 15 | VIG | 0.58% | 6,200 | $1M | $204.67 | $66K | — | — | |
| 16 | BRK-B | 0.26% | 1,175 | $571K | $485.77 | -$441K | -725 | -38.2% | |
| 17 | RLI | 0.25% | 7,500 | $542K | $72.22 | -$181K | -1,500 | -16.7% | |
| 18 | SAND | 0.21% | 48,674 | $458K | $9.40 | -$28K | -15,690 | -24.4% | |
| 19 | CACI | 0.19% | 855 | $408K | $476.70 | $94K | — | — | |
| 20 | RSP | 0.12% | 1,508 | $274K | $181.74 | $13K | — | — | |
| 21 | EXP | 0.11% | 1,231 | $249K | $202.03 | -$219K | -875 | -41.5% | |
| 22 | DIS | —% | — | — | — | -$237K | -2,400 | -100.0% | SOLD |
Sold Out Positions
| Symbol | Value | % Port |
|---|---|---|
| DIS | — | —% |