Asset Manager
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MAD RIVER INVESTORS
84 STATE STREET SUITE 1060, BOSTON, MA 02109 • 617-728-0333
Market Value
$267M
-2.1%
Holdings
32
-1
New Purchases
2
Added To
10
Closed
3
Reduced
8
Top 10 Concentration
91.5%
Turnover
15.6%
Top Buys (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| MIAX | 4.02% | 1.16% | +2.86% | $11M |
| PBT | 9.41% | 7.90% | +1.51% | $25M |
| LB | 7.94% | 6.73% | +1.20% | $21M |
| CCL | 1.02% | 0.00% | +1.02% | $3M |
| WBI | 3.43% | 2.66% | +0.77% | $9M |
| PANW | 0.70% | 0.32% | +0.38% | $2M |
| UNH | 0.26% | 0.17% | +0.10% | $707K |
| CSCO | 0.26% | 0.17% | +0.09% | $705K |
| AAPL | 0.55% | 0.47% | +0.07% | $1M |
| FRMI | 0.06% | 0.00% | +0.06% | $151K |
| CINF | 0.25% | 0.21% | +0.04% | $667K |
| AMZN | 0.30% | 0.27% | +0.04% | $810K |
| ETN | 0.19% | 0.16% | +0.03% | $511K |
| ORCL | 0.44% | 0.43% | +0.01% | $1M |
| RLI | 0.13% | 0.13% | +0.01% | $354K |
Top Sells (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| TPL | 46.69% | 49.54% | -2.85% | $125M |
| WPM | 2.36% | 4.28% | -1.92% | $6M |
| GBTC | 6.13% | 6.96% | -0.83% | $16M |
| MSB | 3.06% | 3.71% | -0.65% | $8M |
| HE | 6.69% | 7.16% | -0.47% | $18M |
| FNV | 1.75% | 2.13% | -0.38% | $5M |
| RGLD | 0.00% | 0.23% | -0.23% | $0 |
| FBTC | 1.34% | 1.52% | -0.18% | $4M |
| JPM | 0.00% | 0.15% | -0.15% | $0 |
| BTC | 0.79% | 0.89% | -0.10% | $2M |
| VTI | 0.94% | 1.03% | -0.09% | $3M |
| CACI | 0.08% | 0.16% | -0.08% | $211K |
| ICE | 0.36% | 0.44% | -0.08% | $966K |
| 0HQN.L | 0.61% | 0.69% | -0.08% | $2M |
| VIG | 0.00% | 0.08% | -0.08% | $0 |
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 | 10 | $10M | 3.7% |
| Large Cap | 13 | $163M | 60.8% |
| Mid Cap | 5 | $35M | 12.9% |
| Small Cap | 3 | $52M | 19.5% |
| Micro Cap | 1 | $8M | 3.1% |
Portfolio Analytics
Avg Market Cap
$460.1B
Median Market Cap
$40.2B
Avg P/E
28.8
Median P/E
25.3
Avg Dividend Yield
0.01%
Avg Beta
0.98
# Stocks
27
# ETFs / Funds
5
Top Holdings (32 total)
| # | Symbol | % Port | Shares | Value | Avg Price | Q/Q Value Chg | Share Chg | Chg % | Status |
|---|---|---|---|---|---|---|---|---|---|
| 1 | TPL | 46.69% | 285,330 | $125M | $437.64 | -$10M | +210 | +0.1% | |
| 2 | PBT | 9.41% | 1,005,152 | $25M | $25.04 | $4M | +2,012 | +0.2% | |
| 3 | LB | 7.94% | 267,953 | $21M | $79.24 | $3M | +1,568 | +0.6% | |
| 4 | HE | 6.69% | 1,321,850 | $18M | $13.53 | -$2M | +4,800 | +0.4% | |
| 5 | GBTC | 6.13% | 360,139 | $16M | $45.52 | -$3M | — | — | |
| 6 | MIAX | 4.02% | 289,000 | $11M | $37.16 | $8M | +207,750 | +255.7% | |
| 7 | WBI | 3.43% | 267,801 | $9M | $34.27 | $2M | -3,099 | -1.1% | |
| 8 | MSB | 3.06% | 323,735 | $8M | $25.30 | -$2M | +2,189 | +0.7% | |
| 9 | WPM | 2.36% | 56,173 | $6M | $112.32 | -$5M | -33,098 | -37.1% | |
| 10 | FNV | 1.75% | 22,506 | $5M | $208.44 | -$1M | -1,084 | -4.6% | |
| 11 | FBTC | 1.34% | 70,369 | $4M | $51.05 | -$560K | +30 | +0.0% | |
| 12 | CCL | 1.02% | 95,373 | $3M | $28.57 | — | +95,373 | — | NEW |
| 13 | VTI | 0.94% | 6,800 | $3M | $370.04 | -$307K | -2,000 | -22.7% | |
| 14 | BTC | 0.79% | 81,517 | $2M | $25.95 | -$320K | +300 | +0.4% | |
| 15 | PANW | 0.70% | 5,484 | $2M | $341.02 | $991K | — | — | |
| 16 | 0HQN.L | 0.61% | 6,705 | $2M | $242.66 | -$250K | +25 | +0.4% | |
| 17 | AAPL | 0.55% | 5,050 | $1M | $289.36 | $167K | -50 | -1.0% | |
| 18 | ORCL | 0.44% | 8,050 | $1M | $146.55 | -$5K | — | — | |
| 19 | ICE | 0.36% | 7,846 | $966K | $123.10 | -$237K | +201 | +2.6% | |
| 20 | AMZN | 0.30% | 3,400 | $810K | $238.34 | $81K | -100 | -2.9% | |
| 21 | UNH | 0.26% | 1,700 | $707K | $415.63 | $247K | — | — | |
| 22 | CSCO | 0.26% | 6,000 | $705K | $117.46 | $239K | — | — | |
| 23 | CINF | 0.25% | 3,600 | $667K | $185.14 | $100K | — | — | |
| 24 | ETN | 0.19% | 1,200 | $511K | $426.12 | $82K | — | — | |
| 25 | RLI | 0.13% | 6,000 | $354K | $59.07 | $12K | — | — | |
| 26 | BRK-B | 0.12% | 625 | $313K | $500.39 | -$83K | -200 | -24.2% | |
| 27 | JNJ | 0.11% | 1,200 | $305K | $253.97 | $11K | — | — | |
| 28 | CACI | 0.08% | 455 | $211K | $463.26 | -$227K | -350 | -43.5% | |
| 29 | FRMI | 0.06% | 16,500 | $151K | $9.16 | — | +16,500 | — | NEW |
| 30 | JPM | —% | — | — | — | -$417K | -1,417 | -100.0% | SOLD |
| 31 | RGLD | —% | — | — | — | -$627K | -2,463 | -100.0% | SOLD |
| 32 | VIG | —% | — | — | — | -$215K | -1,000 | -100.0% | SOLD |