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Meixler Investment Management, Ltd.

4451 S. WHITE MOUNTAIN ROAD SUITE A, SHOW LOW, AZ 85901 • (928) 537-8700

Q4 2025 · Filed 2026-02-13
Market Value
$162M
+1.3%
Holdings
102
+4
New Purchases
7
Added To
34
Closed
13
Reduced
47
Top 10 Concentration
51.5%
Turnover
19.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
RGLD 1.85% 0.38% +1.47% $3M
MUSA 0.99% 0.00% +0.99% $2M
NRP 6.10% 5.13% +0.98% $10M
BRK-A 0.93% 0.00% +0.93% $2M
PHYS 12.11% 11.33% +0.78% $20M
DIN 0.68% 0.00% +0.68% $1M
MDV 0.63% 0.00% +0.63% $1M
OKE 1.86% 1.45% +0.41% $3M
EPD 2.84% 2.44% +0.39% $5M
SOLS 0.34% 0.00% +0.34% $547K
QCOM 0.70% 0.36% +0.34% $1M
KNF 1.32% 1.01% +0.31% $2M
KMI 1.47% 1.18% +0.29% $2M
FVR 0.26% 0.00% +0.26% $421K
FERG 0.41% 0.15% +0.26% $661K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SU 4.88% 6.48% -1.60% $8M
SAND 0.00% 1.36% -1.36% $0
DMLP 5.74% 6.72% -0.98% $9M
CNQ 2.96% 3.84% -0.88% $5M
VAL 0.71% 1.22% -0.50% $1M
NE 0.00% 0.43% -0.43% $0
FNV 2.23% 2.63% -0.40% $4M
TPL 0.00% 0.33% -0.33% $0
OR 1.24% 1.57% -0.33% $2M
TIPT 0.00% 0.32% -0.32% $0
MOS 0.00% 0.26% -0.26% $0
IMO 0.46% 0.66% -0.20% $744K
ALEX 0.00% 0.20% -0.20% $0
EMX 0.00% 0.17% -0.17% $0
NTR 0.00% 0.16% -0.16% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Energy 33.4%
Financial Services 27.3%
Basic Materials 12.9%
Industrials 12.0%
Real Estate 5.6%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 10 $21M 12.8%
Large Cap 40 $78M 48.4%
Mid Cap 24 $23M 14.3%
Small Cap 20 $37M 22.6%
Micro Cap 8 $3M 1.9%

Portfolio Analytics

Avg Market Cap
$196.8B
Median Market Cap
$9.1B
Avg P/E
30.9
Median P/E
22.4
Avg Dividend Yield
0.02%
Avg Beta
0.93
# Stocks
93
# ETFs / Funds
9

Top Holdings (102 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 PHYS 12.11% 592,961 $20M $33.02 $1M -17,705 -2.9%
2 BRK-B 8.87% 28,511 $14M $502.65 $140K +284 +1.0%
3 NRP 6.10% 94,506 $10M $104.40 $2M +16,539 +21.2%
4 DMLP 5.74% 414,544 $9M $22.36 -$1M +572 +0.1%
5 SU 4.88% 177,948 $8M $44.36 -$2M -69,399 -28.1%
6 EXP 2.97% 23,259 $5M $206.68 $126K +3,170 +15.8%
7 CNQ 2.96% 141,124 $5M $33.85 -$1M -50,404 -26.3%
8 EPD 2.84% 142,925 $5M $32.06 $680K +18,150 +14.6%
9 HON 2.55% 21,101 $4M $195.09 $359K +3,248 +18.2%
10 TYG 2.43% 96,186 $4M $40.90 -$66K +3,358 +3.6%
11 FNV 2.23% 17,363 $4M $207.28 -$598K -1,463 -7.8%
12 OUNZ 1.86% 72,587 $3M $41.48 $344K +889 +1.2%
13 OKE 1.86% 40,870 $3M $73.50 $695K +9,228 +29.2%
14 RGLD 1.85% 13,459 $3M $222.29 $2M +10,452 +347.6%
15 LMT 1.83% 6,122 $3M $483.69 -$145K -99 -1.6%
16 LEGH 1.64% 135,560 $3M $19.52 -$171K +33,162 +32.4%
17 WPC 1.51% 37,844 $2M $64.36 -$44K +1,146 +3.1%
18 KMI 1.47% 86,385 $2M $27.49 $493K +19,900 +29.9%
19 SKYH 1.47% 264,010 $2M $8.97 $186K +42,929 +19.4%
20 PKST 1.46% 164,653 $2M $14.35 $209K +526 +0.3%
21 KNF 1.32% 30,262 $2M $70.35 $520K +9,332 +44.6%
22 OR 1.24% 56,701 $2M $35.39 -$498K -5,779 -9.2%
23 ENB 1.10% 37,205 $2M $47.83 -$1K +1,910 +5.4%
24 LOW 1.07% 7,164 $2M $241.16 -$171K -390 -5.2%
25 MUSA 0.99% 3,970 $2M $403.52 +3,970 NEW
26 FRPH 0.96% 67,987 $2M $22.79 -$222K -4,735 -6.5%
27 BRK-A 0.93% 2 $2M $754,800.00 +2 NEW
28 GRID 0.92% 9,735 $1M $153.02 $8K -73 -0.7%
29 CAAP 0.85% 52,652 $1M $26.00 $310K -5,792 -9.9%
30 PAG 0.84% 8,530 $1M $158.29 $196K +1,894 +28.5%
31 BOMN 0.81% 105,472 $1M $12.37 -$115K -3,075 -2.8%
32 LECO 0.76% 5,125 $1M $239.64 -$47K -282 -5.2%
33 XAR 0.76% 5,059 $1M $241.24 -$41K -308 -5.7%
34 VAL 0.71% 22,917 $1M $50.40 -$784K -16,849 -42.4%
35 QCOM 0.70% 6,571 $1M $171.04 $551K +3,129 +90.9%
36 HD 0.69% 3,252 $1M $344.09 -$225K -64 -1.9%
37 DIN 0.68% 34,168 $1M $32.14 +34,168 NEW
38 MDV 0.63% 71,086 $1M $14.39 +71,086 NEW
39 JOE 0.60% 16,296 $967K $59.37 -$48K -4,228 -20.6%
40 TRMB 0.59% 12,124 $950K $78.35 $35K +921 +8.2%
41 NEM 0.59% 9,511 $950K $99.85 $205K +681 +7.7%
42 GOOGL 0.57% 2,958 $926K $313.02 $91K -476 -13.9%
43 AEM 0.56% 5,369 $910K $169.53 -$166K -1,018 -15.9%
44 VOXCF 0.55% 188,279 $892K $4.74 -$31K -26,500 -12.3%
45 SFM 0.50% 10,156 $809K $79.67 $141K +4,018 +65.5%
46 LAMR 0.49% 6,240 $790K $126.58 -$72K -802 -11.4%
47 IMO 0.46% 8,625 $744K $86.31 -$311K -3,007 -25.9%
48 WPM 0.44% 6,098 $717K $117.52 -$16K -454 -6.9%
49 WCC 0.43% 2,837 $694K $244.64 -$5K -470 -14.2%
50 AIG 0.42% 7,897 $676K $85.55 $2K -683 -8.0%
51 FERG 0.41% 2,968 $661K $222.63 $416K +1,879 +172.5%
52 CRESY 0.40% 51,062 $645K $12.63 $152K -2,481 -4.6%
53 TFPM.TO 0.39% 18,774 $624K $33.22 $15K -2,024 -9.7%
54 MELI 0.38% 303 $610K $2,014.26 $101K +85 +39.0%
55 OMAB 0.38% 5,585 $607K $108.77 $19K -80 -1.4%
56 SNX 0.37% 4,033 $606K $150.23 -$124K -422 -9.5%
57 PSLV 0.37% 24,975 $591K $23.65 $148K -3,190 -11.3%
58 SOLS 0.34% 11,270 $547K $48.58 +11,270 NEW
59 BRKRP 0.33% 11,468 $540K $47.11 $118K -1,515 -11.7%
60 TRP 0.32% 9,458 $520K $55.01 $2K -70 -0.7%
61 ATKR 0.29% 7,524 $476K $63.25 -$7K -176 -2.3%
62 SII 0.29% 4,824 $472K $97.92 -$8K -952 -16.5%
63 GOOG 0.28% 1,441 $452K $313.80 $71K -124 -7.9%
64 REXR 0.27% 11,364 $440K $38.72 $9K +870 +8.3%
65 ALTG 0.26% 92,717 $426K $4.60 -$96K +20,525 +28.4%
66 FVR 0.26% 28,525 $421K $14.76 +28,525 NEW
67 HGTY 0.24% 29,100 $391K $13.44 $41K -15 -0.1%
68 XOM 0.23% 3,145 $378K $120.34 $33K +85 +2.8%
69 AAPL 0.22% 1,337 $363K $271.88 $17K -25 -1.8%
70 GBTC 0.22% 5,249 $359K $68.36 -$178K -728 -12.2%
71 BTU 0.22% 12,039 $358K $29.70 -$166K -7,720 -39.1%
72 UMH 0.21% 21,100 $336K $15.91 $49K +1,825 +9.5%
73 SSNC 0.20% 3,764 $329K $87.42 -$13K -85 -2.2%
74 GSHD 0.20% 4,355 $321K $73.65 $13K +220 +5.3%
75 VLTO 0.20% 3,197 $319K $99.78 -$17K +44 +1.4%
76 ISSC 0.19% 16,575 $314K $18.94 $104K -250 -1.5%
77 NPK 0.19% 2,931 $313K $106.76 -$19K -25 -0.8%
78 IBIT 0.19% 6,271 $311K $49.65 -$151K -840 -11.8%
79 SJT 0.18% 52,100 $293K $5.62 -$7K +2,500 +5.0%
80 HCC 0.18% 3,242 $286K $88.17 -$149K -3,598 -52.6%
81 OC 0.17% 2,422 $271K $111.91 -$27K +315 +14.9%
82 PSX 0.16% 1,984 $256K $129.04 $8K +157 +8.6%
83 BAC 0.14% 4,200 $231K $55.00 $14K
84 ARW 0.14% 2,001 $220K $110.18 -$190K -1,395 -41.1%
85 CVX 0.13% 1,407 $214K $152.45 -$7K -21 -1.5%
86 MXC 0.10% 15,651 $155K $9.91 -$27K -4,176 -21.1%
87 HE 0.09% 12,300 $151K $12.30 $41K +2,300 +23.0%
88 ILPT 0.04% 12,700 $70K $5.54 -$19K -2,600 -17.0%
89 SKYH-WT 0.01% 30,488 $20K $0.65 +30,488 NEW
90 MOS —% -$414K -11,944 -100.0% SOLD
91 TPL —% -$527K -564 -100.0% SOLD
92 SHW —% -$207K -598 -100.0% SOLD
93 PLYM —% -$252K -11,265 -100.0% SOLD
94 ALEX —% -$316K -17,350 -100.0% SOLD
95 TIPT —% -$512K -26,711 -100.0% SOLD
96 CLF —% -$156K -12,763 -100.0% SOLD
97 ZIG —% -$209K -5,540 -100.0% SOLD
98 SAND —% -$2M -173,913 -100.0% SOLD
99 NE —% -$694K -24,530 -100.0% SOLD
100 ALNT —% -$214K -4,782 -100.0% SOLD

New Positions

SymbolValue% Port
MUSA $2M 0.99%
BRK-A $2M 0.93%
DIN $1M 0.68%
MDV $1M 0.63%
SOLS $547K 0.34%
FVR $421K 0.26%
SKYH-WT $20K 0.01%

Sold Out Positions

SymbolValue% Port
NTR —%
SHW —%
CLF —%
MOS —%
TPL —%
NE —%
ALNT —%
TIPT —%
ZIG —%
SAND —%
ALEX —%
PLYM —%
EMX —%
View SEC EDGAR Filings for Meixler Investment Management, Ltd. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms