Msrh
New York, NYfiles as MSRH, LLC
$113m in 29 US stocks at the end of 31 March 2026. The top 10 are 99.8% of the money. It changed about 15.8% of the portfolio this quarter.
Value
$113m
Stocks
29
Top 10 share
99.8%
Turnover
15.8%
What changed this quarter
New
Bought for the first time this quarter.
- Miami International HoldingsMIAX0.2% of the fund
- Carnival<0.1% of the fund
- Royal Caribbean Group<0.1% of the fund
- Burford CapitalBUR<0.1% of the fund
- Canton Strategic HoldingsCNTN<0.1% of the fund
Added
Bought more of a stock they already held.
- Hawaiian Electric IndustriesHE2.2% of the fund+13%
- Circle Internet GroupCRCL<0.1% of the fund+500%
- FermiFRMI<0.1% of the fund+129%
Cut
Sold some of their stake.
- Howard Hughes HoldingsHHH0.3% of the fund-17%
- Wheaton Precious MetalsWPM<0.1% of the fund-97%
Sold out
Sold their entire stake.
- Liberty MediaFWONA-100%
- Franco NevadaFNV-100%
- Atlanta Braves HoldingsBATRK-100%
- Liberty CapitalGLIBA-100%
Holdings
- Grayscale Bitcoin Trust ETFGBTC
- Share
- 19.6%
- Value
- $22m
- Shares
- 419,620
Held
- Grayscale Bitcoin Mini TR ETBTC
- Share
- 2.7%
- Value
- $3m
- Shares
- 103,200
Held
- Carnival
- Share
- <0.1%
- Value
- $11,775
- Shares
- 455
New
- Royal Caribbean Group
- Share
- <0.1%
- Value
- $8,806
- Shares
- 32
New
- Alliance Resource Partners LARLP
- Share
- <0.1%
- Value
- $8,184
- Shares
- 296
Held
- Wheaton Precious MetalsWPM
- Share
- <0.1%
- Value
- $5,764
- Shares
- 44
-97%
- Ishares Bitcoin Trust ETFIBIT
- Share
- <0.1%
- Value
- $3,919
- Shares
- 102
Held
- Ishares Silver TRSLV
- Share
- <0.1%
- Value
- $545
- Shares
- 8
Held
- Plains ALL Amern Pipeline LPAA
- Share
- <0.1%
- Value
- $45
- Shares
- 2
Held
- Energy Transfer L PET
- Share
- <0.1%
- Value
- $39
- Shares
- 2
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Texas Pacific LandTPL | 62.8% | $71m | 149,458 | Held |
| Grayscale Bitcoin Trust ETFGBTC | 19.6% | $22m | 419,620 | Held |
| LandBridgeLB | 5.7% | $6m | 93,756 | Held |
| Permian Basin Royalty TrustPBT | 4.6% | $5m | 240,342 | Held |
| Grayscale Bitcoin Mini TR ETBTC | 2.7% | $3m | 103,200 | Held |
| Hawaiian Electric IndustriesHE | 2.2% | $2m | 167,460 | +13% |
| Mesabi TrustMSB | 1.3% | $1m | 45,114 | Held |
| Howard Hughes HoldingsHHH | 0.3% | $379,560 | 6,000 | -17% |
| WaterBridge InfrastructureWBI | 0.3% | $334,875 | 12,500 | Held |
| Miami International HoldingsMIAX | 0.2% | $280,224 | 7,200 | New |
| Novo Nordisk A SNVO | <0.1% | $68,649 | 1,868 | Held |
| CiveoCVEO | <0.1% | $31,434 | 1,188 | Held |
| Seaport Entertainment GroupSEG | <0.1% | $26,936 | 1,254 | Held |
| Carnival | <0.1% | $11,775 | 455 | New |
| Royal Caribbean Group | <0.1% | $8,806 | 32 | New |
| BakktBKKT | <0.1% | $8,442 | 1,147 | Held |
| Alliance Resource Partners LARLP | <0.1% | $8,184 | 296 | Held |
| Wheaton Precious MetalsWPM | <0.1% | $5,764 | 44 | -97% |
| Ishares Bitcoin Trust ETFIBIT | <0.1% | $3,919 | 102 | Held |
| Novagold ResourcesNG | <0.1% | $3,592 | 400 | Held |
| Tejon RanchTRC | <0.1% | $1,526 | 81 | Held |
| Circle Internet GroupCRCL | <0.1% | $572 | 6 | +500% |
| Ishares Silver TRSLV | <0.1% | $545 | 8 | Held |
| Burford CapitalBUR | <0.1% | $325 | 76 | New |
| Trilogy MetalsTMQ | <0.1% | $237 | 66 | Held |
| FermiFRMI | <0.1% | $187 | 32 | +129% |
| Plains ALL Amern Pipeline LPAA | <0.1% | $45 | 2 | Held |
| Energy Transfer L PET | <0.1% | $39 | 2 | Held |
| Canton Strategic HoldingsCNTN | <0.1% | $7 | 2 | New |
Over time and by industry
Value over time
Mar '26
Value is up 26.0% since 31 December 2025.
Where the money is
Energy63.1%
Financial services11.8%
Utilities2.2%
Real estate0.3%
Health care0.1%
Retail & consumer0.1%
Materials0.0%
Other22.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.