Meixler Investment Management, Ltd.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), Meixler Investment Management, Ltd. reported 98 stock positions worth $133.2 million. Its top holding was Dorchester Minerals (DMLP) at 11.0% of the portfolio, followed by Sprott Physical Gold Trust (PHYS, 10.8%) and Berkshire Hathaway Class B (BRK.B, 9.4%). Compared with Q4 2023, it opened 21 new positions, sold out of 6, added to 32 and reduced 45. The biggest buy was Franco-Nevada (FNV, shares +107%) and the biggest sale iShares U.S. Aerospace & Def (ITA, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- SHOW LOW, AZ
- CIK
- 0001911615
- Portfolio Value
- $133.2M (Q1 2024)
- SEC Filing
- 0001085146-24-002276 ↗ filed May 7, 2024
Holdings Value
Holdings 98 stocks · $133.2M
| DMLP Dorchester Minerals LP | 10.99% | 434,352 | $14.6M | Reduce -0.7% |
| PHYS Sprott Physical Gold Trust | 10.81% | 832,691 | $14.4M | Reduce -1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 9.39% | 29,754 | $12.5M | Reduce -4.5% |
| SU Suncor Energy Inc. | 8.23% | 297,066 | $11.0M | Reduce -7.6% |
| CNQ Canadian Natural Resources | 4.09% | 71,345 | $5.4M | Reduce -5.7% |
| NTG Tortoise Midstream Energy | 3.02% | 104,833 | $4.0M | Add +10.8% |
| LMT Lockheed Martin Corp. | 2.38% | 6,984 | $3.2M | Add +1.7% |
| HCC Warrior Met Coal Inc. | 2.34% | 51,275 | $3.1M | Add +10.9% |
| NRP Natural Resource Partners LP | 2.17% | 31,480 | $2.9M | Add +11.7% |
| LEGH Legacy Housing Corp. | 1.92% | 118,864 | $2.6M | Reduce -6.3% |
| FNV Franco-Nevada Corp. | 1.91% | 21,359 | $2.5M | Add +106.9% |
| VAL Valaris Ltd. | 1.88% | 33,191 | $2.5M | Add +41.9% |
| LOW Lowe's Cos Inc. | 1.81% | 9,475 | $2.4M | Add +27.9% |
| EPD Enterprise Products Partners | 1.58% | 72,175 | $2.1M | Add +1.4% |
| CVE Cenovus Energy Inc. | 1.58% | 105,100 | $2.1M | Add +13.7% |
| PM Philip Morris International | 1.54% | 22,333 | $2.0M | Reduce -12.6% |
| BTU Peabody Energy Corp. | 1.47% | 80,515 | $2.0M | Add +59.2% |
| AMR Alpha Metallurgical Resource | 1.37% | 5,518 | $1.8M | Reduce -15.7% |
| NE Noble Corp. PLC | 1.20% | 32,950 | $1.6M | Reduce -5.2% |
| PPG PPG Industries Inc. | 1.16% | 10,704 | $1.6M | Add +0.6% |
| DEO Diageo PLC-Sponsored ADR | 1.10% | 9,817 | $1.5M | Add +3.6% |
| OR Osisko Gold Royalties Ltd. | 1.09% | 88,789 | $1.5M | Reduce -5.2% |
| HD Home Depot Inc. | 1.05% | 3,631 | $1.4M | Reduce -42.3% |
| NXH Neighborhood Intelligence Inc. filed as BEYOND INC | 0.99% | 36,671 | $1.3M | Reduce -5.6% |
| ADM Archer-Daniels-Midland Co. | 0.99% | 20,894 | $1.3M | Add +13.1% |
| LAMR Lamar Advertising Co. Class A | 0.91% | 10,161 | $1.2M | Reduce -35.7% |
| IMO Imperial Oil Ltd. | 0.89% | 17,183 | $1.2M | Add +27.1% |
| TDW Tidewater Inc. | 0.86% | 12,453 | $1.1M | Reduce -19.4% |
| JOE The St Joe Co. | 0.83% | 19,040 | $1.1M | Add +53.6% |
| TPL Texas Pacific Land Corp. | 0.77% | 1,772 | $1.0M | Add +14.9% |
| ITA iShares U.S. Aerospace & Def | 0.73% | 7,322 | $966K | Reduce -54.7% |
| MOS The Mosaic Co. | 0.68% | 28,029 | $910K | Add +37.9% |
| TRMB Trimble Inc. | 0.67% | 13,772 | $886K | New |
| OKE Oneok Inc. | 0.62% | 10,262 | $823K | Reduce -7.0% |
| QCOM Qualcomm Inc. | 0.54% | 4,245 | $719K | Reduce -6.3% |
| AN Autonation Inc. | 0.52% | 4,215 | $698K | New |
| AIG American International Group | 0.48% | 8,191 | $640K | New |
| NAZ Nuveen Az QLTY Muni Inc. | 0.47% | 56,450 | $620K | Reduce -9.5% |
| OMAB Grupo Aeroportuario Cen-ADR | 0.44% | 7,444 | $589K | Add +7.1% |
| EXP Eagle Materials Inc. | 0.43% | 2,118 | $576K | New |
| SKYH SKY Harbour Group Corp. | 0.43% | 44,950 | $574K | Reduce -7.0% |
| GOOGL Alphabet Inc. Class A | 0.43% | 3,758 | $567K | Add +20.7% |
| ENVX Enovix Corp. | 0.42% | 70,154 | $562K | Add +2.5% |
| BN Brookfield Corp. | 0.42% | 13,310 | $557K | Reduce -17.9% |
| WPM Wheaton Precious Metals Corp. | 0.39% | 11,138 | $525K | Add +4.8% |
| GBTC Grayscale Bitcoin Trust ETF | 0.39% | 8,256 | $522K | New |
| INTC Intel Corp. | 0.39% | 11,741 | $519K | Reduce -22.9% |
| SNX TD Synnex Corp. | 0.36% | 4,289 | $485K | New |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.36% | 29,643 | $481K | Add +0.8% |
| TECK Teck Resources Ltd.-CLS B | 0.35% | 10,048 | $460K | Reduce -38.3% |
| ZIG The Acquirers Fund ETF | 0.33% | 11,650 | $442K | Reduce -41.2% |
| EXPE Expedia Group Inc. | 0.33% | 3,192 | $440K | New |
| LXU LSB Industries Inc. | 0.32% | 48,656 | $427K | Reduce -45.7% |
| TRP TC Energy Corp. | 0.31% | 10,425 | $419K | Reduce -4.4% |
| REGN Regeneron Pharmaceuticals | 0.31% | 425 | $409K | Reduce -0.2% |
| CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A | 0.30% | 23,900 | $402K | New |
| LPX Louisiana-Pacific Corp. | 0.30% | 4,760 | $399K | New |
| METCB Ramaco Resources Inc. Class B | 0.30% | 31,795 | $399K | Reduce -33.1% |
| XOM Exxon Mobil Corp. | 0.29% | 3,295 | $383K | Reduce -6.5% |
| LKQ LKQ Corp. | 0.29% | 7,170 | $383K | New |
| WCC Wesco International Inc. | 0.29% | 2,227 | $381K | New |
| VOXR Vox Royalty Corp. | 0.28% | 183,625 | $378K | Add +0.2% |
| CVX Chevron Corp. | 0.28% | 2,342 | $369K | Add +3.5% |
| AEM Agnico Eagle Mines Ltd. | 0.27% | 5,976 | $356K | Reduce -17.5% |
| XAR SS SPDR S&P Aerospace Def | 0.26% | 2,510 | $353K | New |
| ATKR Atkore Inc. | 0.26% | 1,828 | $348K | New |
| GRID First TRST Nasd Class Edg Sgiif | 0.26% | 3,006 | $345K | Reduce -9.2% |
| LNG Cheniere Energy Inc. | 0.25% | 2,097 | $338K | Add +36.4% |
| CACI Caci International Inc. Class A | 0.25% | 873 | $331K | Reduce -1.8% |
| NATH Nathan's Famous Inc. | 0.24% | 4,546 | $322K | New |
| NTR Nutrien Ltd. | 0.24% | 5,858 | $318K | Add +38.7% |
| COST Costco Wholesale Corp. | 0.23% | 426 | $312K | Add +3.1% |
| NAD Nuveen Quality Municipal Inc. | 0.21% | 24,500 | $281K | Reduce -23.9% |
| CRESY Cresud S.A.-Spons ADR | 0.20% | 29,753 | $266K | Add +62.9% |
| ALNT Allient Inc. | 0.20% | 7,425 | $265K | New |
| GOOG Alphabet Inc. Class C | 0.20% | 1,739 | $265K | New |
| ALEX Alexander & Baldwin Inc. | 0.20% | 15,875 | $261K | New |
| SSNC Ss&c Technologies Holdings | 0.19% | 3,907 | $251K | Reduce -1.8% |
| AAPL Apple Inc. | 0.19% | 1,441 | $247K | Reduce -35.3% |
| TFPM Triple Flag Precious Met | 0.18% | 16,325 | $236K | Add +12.0% |
| MXC Mexco Energy Corp. | 0.18% | 23,616 | $236K | New |
| LH Laboratory CRP of Amer Hldgs | 0.17% | 1,067 | $233K | Reduce -6.9% |
| PEP Pepsico Inc. | 0.17% | 1,325 | $232K | Reduce -0.5% |
| SHW The Sherwin-Williams Co. | 0.17% | 661 | $230K | Reduce -0.5% |
| PL Planet Labs PBC | 0.17% | 88,456 | $226K | Reduce -1.9% |
| LSXMA Liberty Media Corp. Class A New | 0.17% | 7,500 | $223K | New |
| HGTY Hagerty Inc. Class A | 0.17% | 24,325 | $223K | Add +21.2% |
| CVEO Civeo Corp. | 0.17% | 8,200 | $220K | New |
| CLF Cleveland-Cliffs Inc. | 0.16% | 9,425 | $214K | Reduce -11.2% |
| WMT Walmart Inc. | 0.16% | 3,442 | $207K | Reduce -13.3% |
| ARW Arrow Electronics Inc. | 0.15% | 1,594 | $206K | New |
| SJT San Juan Basin Royalty TR | 0.12% | 30,800 | $163K | Add +8.4% |
| PSLV Sprott Physical Silver Trust | 0.11% | 17,865 | $148K | Reduce -5.3% |
| ASTL Algoma Steel Group Inc. | 0.08% | 12,950 | $110K | Add +6.4% |
| RCG Renn Fund Inc. | 0.08% | 69,490 | $110K | Reduce -35.8% |
| ILPT Industrial Logistics Propert | 0.08% | 24,550 | $105K | Reduce -9.4% |
| EPSN Epsilon Energy Ltd. | 0.05% | 12,555 | $69K | Reduce -57.0% |
| NEM Newmont Corp. | 0.05% | 1,883 | $67K | Reduce -15.7% |
Options reported separately and not counted above: SU calls ($256K), BTU calls ($154K), AEM calls ($82K), NXH calls ($52K), CVE calls ($49K), ENVX calls ($35K), ADM calls ($17K), INTC calls ($10K), NEM calls ($9K), TRMB calls ($6K), CLF calls ($4K), MOS calls ($1K).
Portfolio Sells Q4 2023 → Q1 2024
| ITA iShares U.S. Aerospace & Def | Reduce -54.7% | 0.73% | −0.98 |
| HD Home Depot Inc. | Reduce -42.3% | 1.05% | −0.78 |
| LEGH Legacy Housing Corp. | Reduce -6.3% | 1.92% | −0.75 |
| DMLP Dorchester Minerals LP | Reduce -0.7% | 10.99% | −0.63 |
| LAMR Lamar Advertising Co. Class A | Reduce -35.7% | 0.91% | −0.49 |
| AMR Alpha Metallurgical Resource | Reduce -15.7% | 1.37% | −0.48 |
| PM Philip Morris International | Reduce -12.6% | 1.54% | −0.47 |
| PHYS Sprott Physical Gold Trust | Reduce -1.5% | 10.81% | −0.43 |
| LXU LSB Industries Inc. | Reduce -45.7% | 0.32% | −0.38 |
| SU Suncor Energy Inc. | Reduce -7.6% | 8.23% | −0.37 |
| INFL Horizon Kinetics Infl Benef | Sold out | 0.00% | −0.36 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −0.32 |
| INTC Intel Corp. | Reduce -22.9% | 0.39% | −0.25 |
| ZIG The Acquirers Fund ETF | Reduce -41.2% | 0.33% | −0.25 |
| TECK Teck Resources Ltd.-CLS B | Reduce -38.3% | 0.35% | −0.23 |
| METCB Ramaco Resources Inc. Class B | Reduce -33.1% | 0.30% | −0.23 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.20 |
| NE Noble Corp. PLC | Reduce -5.2% | 1.20% | −0.20 |
| NFG National Fuel Gas Co. | Sold out | 0.00% | −0.20 |
| AAPL Apple Inc. | Reduce -35.3% | 0.19% | −0.17 |
| RMR RMR Group Inc./the - A | Sold out | 0.00% | −0.17 |
| BN Brookfield Corp. | Reduce -17.9% | 0.42% | −0.13 |
| NAD Nuveen Quality Municipal Inc. | Reduce -23.9% | 0.21% | −0.10 |
| NAZ Nuveen Az QLTY Muni Inc. | Reduce -9.5% | 0.47% | −0.09 |
| RCG Renn Fund Inc. | Reduce -35.8% | 0.08% | −0.07 |
| EPSN Epsilon Energy Ltd. | Reduce -57.0% | 0.05% | −0.07 |
| TDW Tidewater Inc. | Reduce -19.4% | 0.86% | −0.07 |
| LSAK Lesaka Technologies Inc. | Sold out | 0.00% | −0.07 |
| AEM Agnico Eagle Mines Ltd. | Reduce -17.5% | 0.27% | −0.06 |
| CNQ Canadian Natural Resources | Reduce -5.7% | 4.09% | −0.05 |
| LH Laboratory CRP of Amer Hldgs | Reduce -6.9% | 0.17% | −0.04 |
| TRP TC Energy Corp. | Reduce -4.4% | 0.31% | −0.04 |
| GRID First TRST Nasd Class Edg Sgiif | Reduce -9.2% | 0.26% | −0.03 |
| OKE Oneok Inc. | Reduce -7.0% | 0.62% | −0.03 |
| ILPT Industrial Logistics Propert | Reduce -9.4% | 0.08% | −0.03 |
| NEM Newmont Corp. | Reduce -15.7% | 0.05% | −0.03 |
| OR Osisko Gold Royalties Ltd. | Reduce -5.2% | 1.09% | −0.02 |
| CLF Cleveland-Cliffs Inc. | Reduce -11.2% | 0.16% | −0.02 |
| WMT Walmart Inc. | Reduce -13.3% | 0.16% | −0.02 |
| PL Planet Labs PBC | Reduce -1.9% | 0.17% | −0.02 |
| PSLV Sprott Physical Silver Trust | Reduce -5.3% | 0.11% | −0.02 |
| PEP Pepsico Inc. | Reduce -0.5% | 0.17% | −0.01 |
| SSNC Ss&c Technologies Holdings | Reduce -1.8% | 0.19% | −0.01 |
| QCOM Qualcomm Inc. | Reduce -6.3% | 0.54% | −0.01 |
| XOM Exxon Mobil Corp. | Reduce -6.5% | 0.29% | −0.01 |
| REGN Regeneron Pharmaceuticals | Reduce -0.2% | 0.31% | −0.01 |
| SHW The Sherwin-Williams Co. | Reduce -0.5% | 0.17% | −0.00 |
| CACI Caci International Inc. Class A | Reduce -1.8% | 0.25% | +0.01 |
| SKYH SKY Harbour Group Corp. | Reduce -7.0% | 0.43% | +0.04 |
| NXH Neighborhood Intelligence Inc. | Reduce -5.6% | 0.99% | +0.09 |
Portfolio Buys Q4 2023 → Q1 2024
| FNV Franco-Nevada Corp. | Add +106.9% | 1.91% | +0.95 |
| TRMB Trimble Inc. | New | 0.67% | +0.67 |
| VAL Valaris Ltd. | Add +41.9% | 1.88% | +0.54 |
| AN Autonation Inc. | New | 0.52% | +0.52 |
| AIG American International Group | New | 0.48% | +0.48 |
| BTU Peabody Energy Corp. | Add +59.2% | 1.47% | +0.44 |
| LOW Lowe's Cos Inc. | Add +27.9% | 1.81% | +0.43 |
| EXP Eagle Materials Inc. | New | 0.43% | +0.43 |
| GBTC Grayscale Bitcoin Trust ETF | New | 0.39% | +0.39 |
| SNX TD Synnex Corp. | New | 0.36% | +0.36 |
| EXPE Expedia Group Inc. | New | 0.33% | +0.33 |
| CAAP Corp. America Airports SA | New | 0.30% | +0.30 |
| LPX Louisiana-Pacific Corp. | New | 0.30% | +0.30 |
| CVE Cenovus Energy Inc. | Add +13.7% | 1.58% | +0.29 |
| LKQ LKQ Corp. | New | 0.29% | +0.29 |
| WCC Wesco International Inc. | New | 0.29% | +0.29 |
| NTG Tortoise Midstream Energy | Add +10.8% | 3.02% | +0.27 |
| XAR SS SPDR S&P Aerospace Def | New | 0.26% | +0.26 |
| ATKR Atkore Inc. | New | 0.26% | +0.26 |
| IMO Imperial Oil Ltd. | Add +27.1% | 0.89% | +0.25 |
| NATH Nathan's Famous Inc. | New | 0.24% | +0.24 |
| JOE The St Joe Co. | Add +53.6% | 0.83% | +0.21 |
| ALNT Allient Inc. | New | 0.20% | +0.20 |
| GOOG Alphabet Inc. Class C | New | 0.20% | +0.20 |
| ALEX Alexander & Baldwin Inc. | New | 0.20% | +0.20 |
| MXC Mexco Energy Corp. | New | 0.18% | +0.18 |
| LSXMA Liberty Media Corp. Class A New | New | 0.17% | +0.17 |
| CVEO Civeo Corp. | New | 0.17% | +0.17 |
| ARW Arrow Electronics Inc. | New | 0.15% | +0.15 |
| TPL Texas Pacific Land Corp. | Add +14.9% | 0.77% | +0.09 |
| MOS The Mosaic Co. | Add +37.9% | 0.68% | +0.08 |
| GOOGL Alphabet Inc. Class A | Add +20.7% | 0.43% | +0.06 |
| CRESY Cresud S.A.-Spons ADR | Add +62.9% | 0.20% | +0.05 |
| NTR Nutrien Ltd. | Add +38.7% | 0.24% | +0.04 |
| HGTY Hagerty Inc. Class A | Add +21.2% | 0.17% | +0.04 |
| LNG Cheniere Energy Inc. | Add +36.4% | 0.25% | +0.03 |
| TFPM Triple Flag Precious Met | Add +12.0% | 0.18% | +0.01 |
| EPD Enterprise Products Partners | Add +1.4% | 1.58% | +0.01 |
| COST Costco Wholesale Corp. | Add +3.1% | 0.23% | +0.01 |
| SJT San Juan Basin Royalty TR | Add +8.4% | 0.12% | +0.00 |
| CVX Chevron Corp. | Add +3.5% | 0.28% | −0.00 |
| NRP Natural Resource Partners LP | Add +11.7% | 2.17% | −0.01 |
| UMH Umh Properties Inc. | Add +0.8% | 0.36% | −0.01 |
| HCC Warrior Met Coal Inc. | Add +10.9% | 2.34% | −0.02 |
| ASTL Algoma Steel Group Inc. | Add +6.4% | 0.08% | −0.02 |
| VOXR Vox Royalty Corp. | Add +0.2% | 0.28% | −0.03 |
| WPM Wheaton Precious Metals Corp. | Add +4.8% | 0.39% | −0.04 |
| OMAB Grupo Aeroportuario Cen-ADR | Add +7.1% | 0.44% | −0.05 |
| DEO Diageo PLC-Sponsored ADR | Add +3.6% | 1.10% | −0.06 |
| ADM Archer-Daniels-Midland Co. | Add +13.1% | 0.99% | −0.13 |
Options Activity Q4 2023 → Q1 2024
| SU Suncor Energy Inc. | call | Reduce -24.6% | 19,900 | $256K |
| BTU Peabody Energy Corp. | call | Add +155.9% | 41,200 | $154K |
| AEM Agnico Eagle Mines Ltd. | call | Reduce -43.1% | 8,300 | $82K |
| NXH Neighborhood Intelligence Inc. | call | Reduce -60.2% | 3,300 | $52K |
| CVE Cenovus Energy Inc. | call | Add +18.7% | 12,700 | $49K |
| ENVX Enovix Corp. | call | Add +4.5% | 20,800 | $35K |
| ADM Archer-Daniels-Midland Co. | call | New | 1,500 | $17K |
| CNQ Canadian Natural Resources | call | Sold out | 800 | $10Kbefore exit |
| INTC Intel Corp. | call | Reduce -72.2% | 1,000 | $10K |
| NEM Newmont Corp. | call | Reduce -50.0% | 10,100 | $9K |
| TRMB Trimble Inc. | call | New | 300 | $6K |
| CLF Cleveland-Cliffs Inc. | call | Reduce -73.3% | 400 | $4K |
| TECK Teck Resources Ltd.-CLS B | call | Sold out | 500 | $3Kbefore exit |
| MOS The Mosaic Co. | call | Reduce -70.0% | 300 | $1K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 88 | $181.1M | PHYS, BRK.B, NRP, DMLP, EXP |
| Q1 2026 | 87 | $185.8M | PHYS, BRK.B, NRP, DMLP, SU |
| Q4 2025 | 90 | $164.5M | PHYS, BRK.B, NRP, DMLP, SU |
| Q3 2025 | 99 | $163.0M | PHYS, BRK.B, DMLP, SU, NRP |
| Q2 2025 | 95 | $145.2M | PHYS, BRK.B, DMLP, SU, NRP |
| Q1 2025 | 101 | $144.3M | PHYS, BRK.B, DMLP, SU, CNQ |
| Q4 2024 | 103 | $134.9M | PHYS, DMLP, BRK.B, SU, CNQ |
| Q3 2024 | 104 | $135.5M | PHYS, BRK.B, DMLP, SU, CNQ |
| Q2 2024 | 99 | $130.0M | PHYS, DMLP, BRK.B, SU, CNQ |
| Q1 2024 | 98 | $133.2M | DMLP, PHYS, BRK.B, SU, CNQ |