Meixler Investment Management, Ltd.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 30, 2025), Meixler Investment Management, Ltd. reported 103 stock positions worth $134.9 million. Its top holding was Sprott Physical Gold Trust (PHYS) at 12.3% of the portfolio, followed by Dorchester Minerals (DMLP, 10.3%) and Berkshire Hathaway Class B (BRK.B, 9.6%). Compared with Q3 2024, it opened 12 new positions, sold out of 14, added to 36 and reduced 54. The biggest buy was a new position in Honeywell International (HON) and the biggest sale an exit from PPG Industries (PPG).
- Most Recent 13F
- Q2 2026
- Location
- SHOW LOW, AZ
- CIK
- 0001911615
- Portfolio Value
- $134.9M (Q4 2024)
- SEC Filing
- 0001085146-25-000647 ↗ filed Jan 30, 2025
Holdings Value
Holdings 103 stocks · $134.9M
| PHYS Sprott Physical Gold Trust | 12.28% | 822,153 | $16.6M | Reduce -0.2% |
| DMLP Dorchester Minerals LP | 10.30% | 416,733 | $13.9M | Reduce -1.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 9.61% | 28,610 | $13.0M | Reduce -1.2% |
| SU Suncor Energy Inc. | 7.41% | 279,946 | $10.0M | Reduce -2.2% |
| CNQ Canadian Natural Resources | 3.92% | 171,131 | $5.3M | Add +14.2% |
| TYG Tortoise Energy Infrastruct | 3.82% | 122,642 | $5.2M | Reduce -4.2% |
| NRP Natural Resource Partners LP | 3.75% | 45,591 | $5.1M | Add +11.5% |
| LMT Lockheed Martin Corp. | 2.41% | 6,696 | $3.3M | Reduce -4.9% |
| FNV Franco-Nevada Corp. | 2.16% | 24,760 | $2.9M | Add +12.1% |
| EPD Enterprise Products Partners | 1.99% | 85,450 | $2.7M | Add +14.3% |
| LEGH Legacy Housing Corp. | 1.97% | 107,440 | $2.7M | Add +0.5% |
| VAL Valaris Ltd. | 1.80% | 54,729 | $2.4M | Add +26.0% |
| LOW Lowe's Cos Inc. | 1.62% | 8,830 | $2.2M | Reduce -7.0% |
| SKYH SKY Harbour Group Corp. | 1.40% | 157,930 | $1.9M | Add +60.1% |
| HCC Warrior Met Coal Inc. | 1.20% | 29,755 | $1.6M | Reduce -20.7% |
| OR Osisko Gold Royalties Ltd. | 1.11% | 82,974 | $1.5M | Reduce -3.4% |
| BOC Boston Omaha Corp. Class A | 1.07% | 101,630 | $1.4M | Add +38.8% |
| TRMB Trimble Inc. | 1.00% | 19,137 | $1.4M | Reduce -1.0% |
| TPL Texas Pacific Land Corp. | 0.97% | 1,183 | $1.3M | Reduce -15.9% |
| ENB Enbridge Inc. | 0.95% | 30,152 | $1.3M | Add +61.0% |
| JOE The St Joe Co. | 0.91% | 27,386 | $1.2M | Add +16.4% |
| BTU Peabody Energy Corp. | 0.91% | 58,583 | $1.2M | Reduce -12.3% |
| HON Honeywell International Inc. | 0.90% | 5,392 | $1.2M | New |
| HD Home Depot Inc. | 0.90% | 3,122 | $1.2M | Reduce -0.9% |
| XAR SS SPDR S&P Aerospace Def | 0.86% | 7,015 | $1.2M | Add +0.8% |
| WPC WP Carey Inc. | 0.75% | 18,485 | $1.0M | New |
| IMO Imperial Oil Ltd. | 0.73% | 15,986 | $985K | Reduce -5.4% |
| PLYM Plymouth Industrial REIT Inc. | 0.64% | 48,813 | $869K | Add +129.0% |
| AMR Alpha Metallurgical Resource | 0.63% | 4,213 | $843K | Reduce -20.5% |
| NE Noble Corp. PLC | 0.61% | 26,383 | $828K | Reduce -6.1% |
| CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A | 0.59% | 42,710 | $797K | Add +37.5% |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 0.59% | 25,891 | $793K | New |
| AN Autonation Inc. | 0.57% | 4,520 | $768K | Reduce -8.9% |
| AEM Agnico Eagle Mines Ltd. | 0.56% | 9,655 | $755K | Add +73.0% |
| AIG American International Group | 0.55% | 10,129 | $737K | Add +4.6% |
| DEO Diageo PLC-Sponsored ADR | 0.53% | 5,604 | $712K | Reduce -21.7% |
| OKE Oneok Inc. | 0.52% | 6,932 | $696K | Reduce -13.3% |
| SNX TD Synnex Corp. | 0.52% | 5,932 | $696K | Add +2.0% |
| GOOGL Alphabet Inc. Class A | 0.51% | 3,652 | $691K | Add +21.1% |
| SOBO South Bow Corp. | 0.51% | 28,964 | $683K | Add +1400.7% |
| BN Brookfield Corp. | 0.47% | 11,109 | $638K | Reduce -1.5% |
| CRESY Cresud S.A.-Spons ADR | 0.47% | 49,741 | $628K | Add +4.3% |
| PKST Peakstone Realty Trust | 0.45% | 54,512 | $603K | New |
| QCOM Qualcomm Inc. | 0.43% | 3,802 | $584K | Reduce -1.3% |
| TIPT Tiptree Inc. | 0.42% | 27,281 | $569K | New |
| ENVX Enovix Corp. | 0.42% | 51,872 | $564K | Reduce -20.7% |
| MOS The Mosaic Co. | 0.41% | 22,699 | $558K | Reduce -6.6% |
| WCC Wesco International Inc. | 0.41% | 3,058 | $553K | Add +22.4% |
| OMAB Grupo Aeroportuario Cen-ADR | 0.39% | 7,649 | $525K | No change |
| VOXR Vox Royalty Corp. | 0.38% | 220,787 | $517K | Add +9.7% |
| EXP Eagle Materials Inc. | 0.38% | 2,060 | $508K | Add +1.5% |
| HHH Howard Hughes Holdings Inc. | 0.38% | 6,578 | $506K | Reduce -5.1% |
| TRP TC Energy Corp. | 0.37% | 10,600 | $493K | Add +9.8% |
| LAMR Lamar Advertising Co. Class A | 0.37% | 4,049 | $493K | Reduce -27.9% |
| GBTC Grayscale Bitcoin Trust ETF | 0.36% | 6,566 | $486K | Reduce -2.0% |
| JBGS JBG Smith Properties | 0.36% | 31,458 | $484K | Add +6.3% |
| WPM Wheaton Precious Metals Corp. | 0.36% | 8,539 | $480K | Reduce -8.7% |
| CVE Cenovus Energy Inc. | 0.33% | 29,592 | $448K | Reduce -74.3% |
| REXR Rexford Industrial Realty Inc. | 0.32% | 11,315 | $437K | New |
| ATKR Atkore Inc. | 0.32% | 5,164 | $431K | Add +27.3% |
| TFPM Triple Flag Precious Met | 0.32% | 28,612 | $430K | Add +19.9% |
| BG Bunge Global SA | 0.32% | 5,481 | $426K | Add +14.3% |
| GRID First TRST Nasd Class Edg Sgiif | 0.29% | 3,320 | $396K | Add +1.2% |
| IBIT iShares Bitcoin Trust ETF | 0.29% | 7,413 | $393K | Reduce -1.1% |
| ARW Arrow Electronics Inc. | 0.29% | 3,421 | $387K | Add +2.6% |
| AAPL Apple Inc. | 0.29% | 1,542 | $386K | Reduce -6.7% |
| ADM Archer-Daniels-Midland Co. | 0.28% | 7,548 | $381K | Reduce -56.4% |
| ZIG The Acquirers Fund ETF | 0.27% | 9,650 | $367K | Reduce -1.5% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.26% | 18,893 | $357K | Reduce -22.6% |
| GE General Electric filed as GE AEROSPACE | 0.26% | 2,108 | $352K | Reduce -2.1% |
| NAZ Nuveen Az QLTY Muni Inc. | 0.26% | 30,850 | $351K | Reduce -18.8% |
| XOM Exxon Mobil Corp. | 0.26% | 3,220 | $346K | Reduce -5.2% |
| COST Costco Wholesale Corp. | 0.23% | 341 | $313K | Reduce -5.5% |
| ALEX Alexander & Baldwin Inc. | 0.23% | 17,600 | $312K | Reduce -4.0% |
| GOOG Alphabet Inc. Class C | 0.23% | 1,638 | $312K | Add +7.9% |
| NTR Nutrien Ltd. | 0.23% | 6,955 | $311K | Reduce -2.9% |
| LKQ LKQ Corp. | 0.22% | 8,192 | $301K | Reduce -5.5% |
| WMT Walmart Inc. | 0.22% | 3,262 | $295K | Reduce -4.8% |
| TECK Teck Resources Ltd.-CLS B | 0.22% | 7,181 | $291K | Reduce -19.8% |
| REGN Regeneron Pharmaceuticals | 0.21% | 407 | $290K | Reduce -2.2% |
| ALNT Allient Inc. | 0.21% | 11,562 | $281K | Add +2.4% |
| HGTY Hagerty Inc. Class A | 0.20% | 28,475 | $275K | Add +3.7% |
| SII Sprott Inc. | 0.20% | 6,464 | $273K | New |
| LNG Cheniere Energy Inc. | 0.20% | 1,237 | $266K | Reduce -24.1% |
| ITA iShares U.S. Aerospace & Def | 0.20% | 1,813 | $264K | Reduce -16.7% |
| CVX Chevron Corp. | 0.18% | 1,690 | $245K | Reduce -20.5% |
| SSNC Ss&c Technologies Holdings | 0.18% | 3,177 | $241K | Reduce -7.6% |
| MXC Mexco Energy Corp. | 0.18% | 21,231 | $239K | Reduce -5.3% |
| SHW The Sherwin-Williams Co. | 0.18% | 701 | $238K | Add +1.7% |
| ALTG Alta Equipment Group Inc. | 0.16% | 33,192 | $217K | Add +25.4% |
| PEP Pepsico Inc. | 0.15% | 1,350 | $205K | Reduce -1.8% |
| EPSN Epsilon Energy Ltd. | 0.13% | 28,580 | $177K | Add +22.6% |
| CLF Cleveland-Cliffs Inc. | 0.12% | 16,725 | $157K | Reduce -12.8% |
| PSLV Sprott Physical Silver Trust | 0.12% | 16,215 | $156K | Reduce -2.7% |
| NXH Neighborhood Intelligence Inc. filed as BEYOND INC | 0.11% | 29,840 | $147K | Reduce -11.9% |
| SJT San Juan Basin Royalty TR | 0.11% | 37,800 | $145K | Add +4.1% |
| TITN Titan Machinery Inc. | 0.11% | 10,057 | $142K | New |
| WOLF Wolfspeed Inc. | 0.06% | 11,398 | $76K | New |
| FPH Five Point Holdings LLC Class A | 0.06% | 19,802 | $75K | New |
| ILPT Industrial Logistics Propert | 0.05% | 19,950 | $73K | Reduce -4.3% |
Options reported separately and not counted above: SU calls ($100K), AEM calls ($61K), ENVX calls ($50K), BTU calls ($38K), WOLF calls ($26K), CVE calls ($19K), CLF calls ($18K), CNQ calls ($9K), NXH calls ($2K), AIG calls ($1K), IBIT calls ($438), MOS calls ($213).
Portfolio Sells Q3 2024 → Q4 2024
| PPG PPG Industries Inc. | Sold out | 0.00% | −1.27 |
| CVE Cenovus Energy Inc. | Reduce -74.3% | 0.33% | −1.09 |
| LMT Lockheed Martin Corp. | Reduce -4.9% | 2.41% | −0.62 |
| HCC Warrior Met Coal Inc. | Reduce -20.7% | 1.20% | −0.57 |
| ADM Archer-Daniels-Midland Co. | Reduce -56.4% | 0.28% | −0.48 |
| BTU Peabody Energy Corp. | Reduce -12.3% | 0.91% | −0.40 |
| SU Suncor Energy Inc. | Reduce -2.2% | 7.41% | −0.39 |
| AMR Alpha Metallurgical Resource | Reduce -20.5% | 0.63% | −0.30 |
| CACI Caci International Inc. Class A | Sold out | 0.00% | −0.28 |
| LOW Lowe's Cos Inc. | Reduce -7.0% | 1.62% | −0.28 |
| NATH Nathan's Famous Inc. | Sold out | 0.00% | −0.26 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.2% | 9.61% | −0.22 |
| DEO Diageo PLC-Sponsored ADR | Reduce -21.7% | 0.53% | −0.21 |
| LPX Louisiana-Pacific Corp. | Sold out | 0.00% | −0.21 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.21 |
| LAMR Lamar Advertising Co. Class A | Reduce -27.9% | 0.37% | −0.19 |
| INTC Intel Corp. | Sold out | 0.00% | −0.18 |
| TDW Tidewater Inc. | Sold out | 0.00% | −0.15 |
| LDOS Leidos Holdings Inc. | Sold out | 0.00% | −0.15 |
| IMO Imperial Oil Ltd. | Reduce -5.4% | 0.73% | −0.15 |
| NXH Neighborhood Intelligence Inc. | Reduce -11.9% | 0.11% | −0.14 |
| NAD Nuveen Quality Municipal Inc. | Sold out | 0.00% | −0.14 |
| NE Noble Corp. PLC | Reduce -6.1% | 0.61% | −0.13 |
| TECK Teck Resources Ltd.-CLS B | Reduce -19.8% | 0.22% | −0.13 |
| PHYS Sprott Physical Gold Trust | Reduce -0.2% | 12.28% | −0.11 |
| REGN Regeneron Pharmaceuticals | Reduce -2.2% | 0.21% | −0.11 |
| UMH Umh Properties Inc. | Reduce -22.6% | 0.26% | −0.09 |
| ASTL Algoma Steel Group Inc. | Sold out | 0.00% | −0.09 |
| BTC Grayscale Bitcoin Mini Trust | Sold out | 0.00% | −0.09 |
| AN Autonation Inc. | Reduce -8.9% | 0.57% | −0.09 |
| LXU LSB Industries Inc. | Sold out | 0.00% | −0.08 |
| NAZ Nuveen Az QLTY Muni Inc. | Reduce -18.8% | 0.26% | −0.07 |
| MOS The Mosaic Co. | Reduce -6.6% | 0.41% | −0.07 |
| WPM Wheaton Precious Metals Corp. | Reduce -8.7% | 0.36% | −0.07 |
| CLF Cleveland-Cliffs Inc. | Reduce -12.8% | 0.12% | −0.06 |
| OR Osisko Gold Royalties Ltd. | Reduce -3.4% | 1.11% | −0.06 |
| QCOM Qualcomm Inc. | Reduce -1.3% | 0.43% | −0.05 |
| CVX Chevron Corp. | Reduce -20.5% | 0.18% | −0.05 |
| ITA iShares U.S. Aerospace & Def | Reduce -16.7% | 0.20% | −0.04 |
| PHX PHX Minerals Inc. | Sold out | 0.00% | −0.04 |
| HD Home Depot Inc. | Reduce -0.9% | 0.90% | −0.04 |
| GE General Electric | Reduce -2.1% | 0.26% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -5.2% | 0.26% | −0.04 |
| ENVX Enovix Corp. | Reduce -20.7% | 0.42% | −0.03 |
| LKQ LKQ Corp. | Reduce -5.5% | 0.22% | −0.03 |
| ALEX Alexander & Baldwin Inc. | Reduce -4.0% | 0.23% | −0.03 |
| MXC Mexco Energy Corp. | Reduce -5.3% | 0.18% | −0.02 |
| NTR Nutrien Ltd. | Reduce -2.9% | 0.23% | −0.02 |
| OKE Oneok Inc. | Reduce -13.3% | 0.52% | −0.02 |
| HHH Howard Hughes Holdings Inc. | Reduce -5.1% | 0.38% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| HON Honeywell International Inc. | New | 0.90% | +0.90 |
| NRP Natural Resource Partners LP | Add +11.5% | 3.75% | +0.80 |
| WPC WP Carey Inc. | New | 0.75% | +0.75 |
| SKYH SKY Harbour Group Corp. | Add +60.1% | 1.40% | +0.59 |
| FRPH FRP Holdings Inc. | New | 0.59% | +0.59 |
| SOBO South Bow Corp. | Add +1400.7% | 0.51% | +0.47 |
| PKST Peakstone Realty Trust | New | 0.45% | +0.45 |
| TIPT Tiptree Inc. | New | 0.42% | +0.42 |
| ENB Enbridge Inc. | Add +61.0% | 0.95% | +0.39 |
| EPD Enterprise Products Partners | Add +14.3% | 1.99% | +0.38 |
| REXR Rexford Industrial Realty Inc. | New | 0.32% | +0.32 |
| PLYM Plymouth Industrial REIT Inc. | Add +129.0% | 0.64% | +0.29 |
| BOC Boston Omaha Corp. Class A | Add +38.8% | 1.07% | +0.27 |
| CNQ Canadian Natural Resources | Add +14.2% | 3.92% | +0.25 |
| AEM Agnico Eagle Mines Ltd. | Add +73.0% | 0.56% | +0.23 |
| SII Sprott Inc. | New | 0.20% | +0.20 |
| CAAP Corp. America Airports SA | Add +37.5% | 0.59% | +0.19 |
| CRESY Cresud S.A.-Spons ADR | Add +4.3% | 0.47% | +0.16 |
| GOOGL Alphabet Inc. Class A | Add +21.1% | 0.51% | +0.14 |
| FNV Franco-Nevada Corp. | Add +12.1% | 2.16% | +0.13 |
| TITN Titan Machinery Inc. | New | 0.11% | +0.11 |
| WCC Wesco International Inc. | Add +22.4% | 0.41% | +0.10 |
| ATKR Atkore Inc. | Add +27.3% | 0.32% | +0.07 |
| WOLF Wolfspeed Inc. | New | 0.06% | +0.06 |
| FPH Five Point Holdings LLC Class A | New | 0.06% | +0.06 |
| XAR SS SPDR S&P Aerospace Def | Add +0.8% | 0.86% | +0.05 |
| ALNT Allient Inc. | Add +2.4% | 0.21% | +0.05 |
| SAND Sandstorm Gold Ltd. | New | 0.05% | +0.05 |
| GOOG Alphabet Inc. Class C | Add +7.9% | 0.23% | +0.04 |
| EMX Emx Royalty Corp. | New | 0.04% | +0.04 |
| TFPM Triple Flag Precious Met | Add +19.9% | 0.32% | +0.03 |
| EPSN Epsilon Energy Ltd. | Add +22.6% | 0.13% | +0.03 |
| ALTG Alta Equipment Group Inc. | Add +25.4% | 0.16% | +0.03 |
| TRP TC Energy Corp. | Add +9.8% | 0.37% | +0.03 |
| AIG American International Group | Add +4.6% | 0.55% | +0.02 |
| SJT San Juan Basin Royalty TR | Add +4.1% | 0.11% | +0.01 |
| VAL Valaris Ltd. | Add +26.0% | 1.80% | +0.01 |
| SNX TD Synnex Corp. | Add +2.0% | 0.52% | +0.00 |
| HGTY Hagerty Inc. Class A | Add +3.7% | 0.20% | −0.00 |
| GRID First TRST Nasd Class Edg Sgiif | Add +1.2% | 0.29% | −0.01 |
| SHW The Sherwin-Williams Co. | Add +1.7% | 0.18% | −0.02 |
| JBGS JBG Smith Properties | Add +6.3% | 0.36% | −0.02 |
| BG Bunge Global SA | Add +14.3% | 0.32% | −0.03 |
| ARW Arrow Electronics Inc. | Add +2.6% | 0.29% | −0.04 |
| EXP Eagle Materials Inc. | Add +1.5% | 0.38% | −0.05 |
| VOXR Vox Royalty Corp. | Add +9.7% | 0.38% | −0.07 |
| JOE The St Joe Co. | Add +16.4% | 0.91% | −0.10 |
| LEGH Legacy Housing Corp. | Add +0.5% | 1.97% | −0.19 |
Options Activity Q3 2024 → Q4 2024
| SU Suncor Energy Inc. | call | New | 11,600 | $100K |
| AEM Agnico Eagle Mines Ltd. | call | New | 4,000 | $61K |
| ENVX Enovix Corp. | call | New | 17,700 | $50K |
| BTU Peabody Energy Corp. | call | New | 31,700 | $38K |
| WOLF Wolfspeed Inc. | call | New | 11,300 | $26K |
| CVE Cenovus Energy Inc. | call | New | 24,000 | $19K |
| CLF Cleveland-Cliffs Inc. | call | New | 8,300 | $18K |
| CNQ Canadian Natural Resources | call | New | 4,200 | $9K |
| NXH Neighborhood Intelligence Inc. | call | New | 6,700 | $2K |
| AIG American International Group | call | New | 300 | $1K |
| IBIT iShares Bitcoin Trust ETF | call | New | 2,500 | $438 |
| MOS The Mosaic Co. | call | New | 300 | $213 |
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 |