Meixler Investment Management, Ltd.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Meixler Investment Management, Ltd. reported 101 stock positions worth $144.3 million. Its top holding was Sprott Physical Gold Trust (PHYS) at 10.9% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 10.4%) and Dorchester Minerals (DMLP, 8.6%). Compared with Q4 2024, it opened 8 new positions, sold out of 10, added to 40 and reduced 53. The biggest buy was Eagle Materials (EXP, shares +566%) and the biggest sale Dorchester Minerals (DMLP, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- SHOW LOW, AZ
- CIK
- 0001911615
- Portfolio Value
- $144.3M (Q1 2025)
- SEC Filing
- 0001085146-25-002773 ↗ filed May 8, 2025
Holdings Value
Holdings 101 stocks · $144.3M
| PHYS Sprott Physical Gold Trust | 10.91% | 654,270 | $15.7M | Reduce -20.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 10.43% | 28,275 | $15.1M | Reduce -1.2% |
| DMLP Dorchester Minerals LP | 8.62% | 413,591 | $12.4M | Reduce -0.8% |
| SU Suncor Energy Inc. | 7.28% | 271,446 | $10.5M | Reduce -3.0% |
| CNQ Canadian Natural Resources | 3.73% | 174,994 | $5.4M | Add +2.3% |
| NRP Natural Resource Partners LP | 3.56% | 49,400 | $5.1M | Add +8.3% |
| TYG Tortoise Energy Infrastruct | 3.09% | 103,747 | $4.5M | Reduce -15.4% |
| FNV Franco-Nevada Corp. | 2.74% | 25,057 | $3.9M | Add +1.2% |
| EPD Enterprise Products Partners | 2.13% | 89,950 | $3.1M | Add +5.3% |
| EXP Eagle Materials Inc. | 2.11% | 13,728 | $3.0M | Add +566.4% |
| LMT Lockheed Martin Corp. | 2.01% | 6,507 | $2.9M | Reduce -2.8% |
| SKYH SKY Harbour Group Corp. | 1.99% | 220,618 | $2.9M | Add +39.7% |
| HON Honeywell International Inc. | 1.89% | 12,862 | $2.7M | Add +138.5% |
| LEGH Legacy Housing Corp. | 1.76% | 100,510 | $2.5M | Reduce -6.5% |
| VAL Valaris Ltd. | 1.53% | 56,135 | $2.2M | Add +2.6% |
| WPC WP Carey Inc. | 1.48% | 33,741 | $2.1M | Add +82.5% |
| LOW Lowe's Cos Inc. | 1.42% | 8,813 | $2.1M | Reduce -0.2% |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 1.22% | 61,716 | $1.8M | Add +138.4% |
| BOC Boston Omaha Corp. Class A | 1.21% | 119,405 | $1.7M | Add +17.5% |
| OUNZ Vaneck Merk Gold ETF | 1.14% | 54,757 | $1.7M | New |
| OR Osisko Gold Royalties Ltd. | 1.14% | 77,799 | $1.6M | Reduce -6.2% |
| SAND Sandstorm Gold Ltd. | 1.05% | 200,963 | $1.5M | Add +1588.1% |
| ENB Enbridge Inc. | 1.02% | 33,117 | $1.5M | Add +9.8% |
| OKE Oneok Inc. | 0.91% | 13,223 | $1.3M | Add +90.8% |
| JOE The St Joe Co. | 0.91% | 27,895 | $1.3M | Add +1.9% |
| HCC Warrior Met Coal Inc. | 0.88% | 26,562 | $1.3M | Reduce -10.7% |
| HD Home Depot Inc. | 0.87% | 3,432 | $1.3M | Add +9.9% |
| IMO Imperial Oil Ltd. | 0.81% | 16,247 | $1.2M | Add +1.6% |
| TPL Texas Pacific Land Corp. | 0.80% | 875 | $1.2M | Reduce -26.0% |
| TRMB Trimble Inc. | 0.80% | 17,496 | $1.1M | Reduce -8.6% |
| PKST Peakstone Realty Trust | 0.75% | 85,953 | $1.1M | Add +57.7% |
| XAR SS SPDR S&P Aerospace Def | 0.73% | 6,524 | $1.0M | Reduce -7.0% |
| AEM Agnico Eagle Mines Ltd. | 0.70% | 9,273 | $1.0M | Reduce -4.0% |
| PLYM Plymouth Industrial REIT Inc. | 0.69% | 61,420 | $1.0M | Add +25.8% |
| CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A | 0.67% | 52,992 | $970K | Add +24.1% |
| AIG American International Group | 0.59% | 9,720 | $845K | Reduce -4.0% |
| BTU Peabody Energy Corp. | 0.52% | 55,889 | $757K | Reduce -4.6% |
| LAMR Lamar Advertising Co. Class A | 0.52% | 6,564 | $747K | Add +62.1% |
| WCC Wesco International Inc. | 0.50% | 4,663 | $724K | Add +52.5% |
| SOBO South Bow Corp. | 0.49% | 27,555 | $703K | Reduce -4.9% |
| VOXR Vox Royalty Corp. | 0.45% | 224,179 | $655K | Add +1.5% |
| TIPT Tiptree Inc. | 0.45% | 27,041 | $651K | Reduce -0.9% |
| NE Noble Corp. PLC | 0.44% | 26,698 | $633K | Add +1.2% |
| WPM Wheaton Precious Metals Corp. | 0.43% | 8,001 | $621K | Reduce -6.3% |
| OMAB Grupo Aeroportuario Cen-ADR | 0.42% | 7,621 | $599K | Reduce -0.4% |
| SNX TD Synnex Corp. | 0.41% | 5,702 | $593K | Reduce -3.9% |
| AN Autonation Inc. | 0.41% | 3,634 | $588K | Reduce -19.6% |
| GOOGL Alphabet Inc. Class A | 0.40% | 3,693 | $571K | Add +1.1% |
| BN Brookfield Corp. | 0.38% | 10,583 | $555K | Reduce -4.7% |
| CRESY Cresud S.A.-Spons ADR | 0.38% | 49,201 | $544K | Reduce -1.1% |
| QCOM Qualcomm Inc. | 0.37% | 3,505 | $538K | Reduce -7.8% |
| BRKR Bruker Corp. | 0.36% | 12,401 | $518K | New |
| REXR Rexford Industrial Realty Inc. | 0.36% | 13,150 | $515K | Add +16.2% |
| TFPM Triple Flag Precious Met | 0.34% | 25,825 | $495K | Reduce -9.7% |
| TRP TC Energy Corp. | 0.34% | 10,280 | $485K | Reduce -3.0% |
| BG Bunge Global SA | 0.32% | 6,093 | $466K | Add +11.2% |
| MOS The Mosaic Co. | 0.31% | 16,395 | $443K | Reduce -27.8% |
| AMR Alpha Metallurgical Resource | 0.29% | 3,323 | $416K | Reduce -21.1% |
| GBTC Grayscale Bitcoin Trust ETF | 0.28% | 6,311 | $411K | Reduce -3.9% |
| ARW Arrow Electronics Inc. | 0.27% | 3,801 | $395K | Add +11.1% |
| XOM Exxon Mobil Corp. | 0.27% | 3,245 | $386K | Add +0.8% |
| GRID First TRST Nasd Class Edg Sgiif | 0.26% | 3,316 | $375K | Reduce -0.1% |
| SFM Sprouts Farmers Market Inc. | 0.26% | 2,422 | $370K | New |
| GE General Electric filed as GE AEROSPACE | 0.26% | 1,843 | $369K | Reduce -12.6% |
| MELI MercadoLibre Inc. | 0.25% | 185 | $361K | New |
| IBIT iShares Bitcoin Trust ETF | 0.24% | 7,548 | $353K | Add +1.8% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.24% | 18,150 | $339K | Reduce -3.9% |
| NEM Newmont Corp. | 0.23% | 6,947 | $335K | New |
| ATKR Atkore Inc. | 0.23% | 5,423 | $325K | Add +5.0% |
| ZIG The Acquirers Fund ETF | 0.22% | 9,100 | $321K | Reduce -5.7% |
| PSLV Sprott Physical Silver Trust | 0.22% | 27,315 | $317K | Add +68.5% |
| ALEX Alexander & Baldwin Inc. | 0.21% | 17,850 | $308K | Add +1.4% |
| AAPL Apple Inc. | 0.21% | 1,370 | $304K | Reduce -11.2% |
| SII Sprott Inc. | 0.21% | 6,710 | $301K | Add +3.8% |
| COST Costco Wholesale Corp. | 0.21% | 314 | $297K | Reduce -7.9% |
| SSNC Ss&c Technologies Holdings | 0.20% | 3,532 | $295K | Add +11.2% |
| NTR Nutrien Ltd. | 0.20% | 5,859 | $291K | Reduce -15.8% |
| GOOG Alphabet Inc. Class C | 0.18% | 1,695 | $265K | Add +3.5% |
| HGTY Hagerty Inc. Class A | 0.18% | 29,105 | $263K | Add +2.2% |
| ENVX Enovix Corp. | 0.18% | 35,549 | $261K | Reduce -31.5% |
| CVX Chevron Corp. | 0.18% | 1,540 | $258K | Reduce -8.9% |
| REGN Regeneron Pharmaceuticals | 0.18% | 400 | $254K | Reduce -1.7% |
| SHW The Sherwin-Williams Co. | 0.16% | 667 | $233K | Reduce -4.8% |
| ALNT Allient Inc. | 0.16% | 10,380 | $228K | Reduce -10.2% |
| SJT San Juan Basin Royalty TR | 0.15% | 40,450 | $224K | Add +7.0% |
| GSHD Goosehead Insurance Inc. Class A | 0.15% | 1,869 | $221K | New |
| LECO Lincoln Electric Holdings | 0.15% | 1,160 | $219K | New |
| WMT Walmart Inc. | 0.15% | 2,490 | $219K | Reduce -23.7% |
| NAZ Nuveen Az QLTY Muni Inc. | 0.15% | 18,050 | $218K | Reduce -41.5% |
| DEO Diageo PLC-Sponsored ADR | 0.15% | 2,014 | $211K | Reduce -64.1% |
| TECK Teck Resources Ltd.-CLS B | 0.14% | 5,556 | $202K | Reduce -22.6% |
| ITA iShares U.S. Aerospace & Def | 0.14% | 1,308 | $200K | Reduce -27.9% |
| ALTG Alta Equipment Group Inc. | 0.11% | 34,792 | $163K | Add +4.8% |
| NXH Neighborhood Intelligence Inc. filed as BEYOND INC | 0.11% | 27,645 | $160K | Reduce -7.4% |
| MXC Mexco Energy Corp. | 0.11% | 20,921 | $157K | Reduce -1.5% |
| CLF Cleveland-Cliffs Inc. | 0.09% | 16,650 | $137K | Reduce -0.5% |
| EMX Emx Royalty Corp. filed as EMX RTY CORP | 0.09% | 62,350 | $127K | Add +91.5% |
| IA Innovative Solutions & Supp | 0.05% | 11,625 | $73K | New |
| CVE Cenovus Energy Inc. | 0.05% | 4,687 | $65K | Reduce -84.2% |
| ILPT Industrial Logistics Propert | 0.04% | 17,100 | $59K | Reduce -14.3% |
Options reported separately and not counted above: SU calls ($83K), NEM calls ($58K), AEM calls ($47K), BTU calls ($17K), CVE calls ($11K), ENVX calls ($11K), CLF calls ($11K), WOLF calls ($6K), CNQ calls ($5K), AIG calls ($4K), NXH calls ($3K), VAL calls ($1K).
Portfolio Sells Q4 2024 → Q1 2025
| DMLP Dorchester Minerals LP | Reduce -0.8% | 8.62% | −1.68 |
| PHYS Sprott Physical Gold Trust | Reduce -20.4% | 10.91% | −1.37 |
| TYG Tortoise Energy Infrastruct | Reduce -15.4% | 3.09% | −0.72 |
| LMT Lockheed Martin Corp. | Reduce -2.8% | 2.01% | −0.40 |
| BTU Peabody Energy Corp. | Reduce -4.6% | 0.52% | −0.38 |
| DEO Diageo PLC-Sponsored ADR | Reduce -64.1% | 0.15% | −0.38 |
| HHH Howard Hughes Holdings Inc. | Sold out | 0.00% | −0.38 |
| JBGS JBG Smith Properties | Sold out | 0.00% | −0.36 |
| AMR Alpha Metallurgical Resource | Reduce -21.1% | 0.29% | −0.34 |
| HCC Warrior Met Coal Inc. | Reduce -10.7% | 0.88% | −0.32 |
| CVE Cenovus Energy Inc. | Reduce -84.2% | 0.05% | −0.29 |
| ADM Archer-Daniels-Midland Co. | Sold out | 0.00% | −0.28 |
| ENVX Enovix Corp. | Reduce -31.5% | 0.18% | −0.24 |
| LKQ LKQ Corp. | Sold out | 0.00% | −0.22 |
| LEGH Legacy Housing Corp. | Reduce -6.5% | 1.76% | −0.21 |
| TRMB Trimble Inc. | Reduce -8.6% | 0.80% | −0.21 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.20 |
| LOW Lowe's Cos Inc. | Reduce -0.2% | 1.42% | −0.19 |
| TPL Texas Pacific Land Corp. | Reduce -26.0% | 0.80% | −0.17 |
| AN Autonation Inc. | Reduce -19.6% | 0.41% | −0.16 |
| PEP Pepsico Inc. | Sold out | 0.00% | −0.15 |
| XAR SS SPDR S&P Aerospace Def | Reduce -7.0% | 0.73% | −0.14 |
| EPSN Epsilon Energy Ltd. | Sold out | 0.00% | −0.13 |
| SU Suncor Energy Inc. | Reduce -3.0% | 7.28% | −0.12 |
| NAZ Nuveen Az QLTY Muni Inc. | Reduce -41.5% | 0.15% | −0.11 |
| MOS The Mosaic Co. | Reduce -27.8% | 0.31% | −0.11 |
| TITN Titan Machinery Inc. | Sold out | 0.00% | −0.11 |
| SNX TD Synnex Corp. | Reduce -3.9% | 0.41% | −0.10 |
| CRESY Cresud S.A.-Spons ADR | Reduce -1.1% | 0.38% | −0.09 |
| BN Brookfield Corp. | Reduce -4.7% | 0.38% | −0.09 |
| TECK Teck Resources Ltd.-CLS B | Reduce -22.6% | 0.14% | −0.08 |
| AAPL Apple Inc. | Reduce -11.2% | 0.21% | −0.08 |
| GBTC Grayscale Bitcoin Trust ETF | Reduce -3.9% | 0.28% | −0.08 |
| MXC Mexco Energy Corp. | Reduce -1.5% | 0.11% | −0.07 |
| WMT Walmart Inc. | Reduce -23.7% | 0.15% | −0.07 |
| QCOM Qualcomm Inc. | Reduce -7.8% | 0.37% | −0.06 |
| ITA iShares U.S. Aerospace & Def | Reduce -27.9% | 0.14% | −0.06 |
| FPH Five Point Holdings LLC Class A | Sold out | 0.00% | −0.06 |
| PL Planet Labs PBC | Sold out | 0.00% | −0.05 |
| ALNT Allient Inc. | Reduce -10.2% | 0.16% | −0.05 |
| ZIG The Acquirers Fund ETF | Reduce -5.7% | 0.22% | −0.05 |
| REGN Regeneron Pharmaceuticals | Reduce -1.7% | 0.18% | −0.04 |
| GRID First TRST Nasd Class Edg Sgiif | Reduce -0.1% | 0.26% | −0.03 |
| WOLF Wolfspeed Inc. | Reduce -0.4% | 0.02% | −0.03 |
| TRP TC Energy Corp. | Reduce -3.0% | 0.34% | −0.03 |
| UMH Umh Properties Inc. | Reduce -3.9% | 0.24% | −0.03 |
| NTR Nutrien Ltd. | Reduce -15.8% | 0.20% | −0.03 |
| COST Costco Wholesale Corp. | Reduce -7.9% | 0.21% | −0.03 |
| CLF Cleveland-Cliffs Inc. | Reduce -0.5% | 0.09% | −0.02 |
| SOBO South Bow Corp. | Reduce -4.9% | 0.49% | −0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| EXP Eagle Materials Inc. | Add +566.4% | 2.11% | +1.73 |
| OUNZ Vaneck Merk Gold ETF | New | 1.14% | +1.14 |
| SAND Sandstorm Gold Ltd. | Add +1588.1% | 1.05% | +1.00 |
| HON Honeywell International Inc. | Add +138.5% | 1.89% | +0.98 |
| WPC WP Carey Inc. | Add +82.5% | 1.48% | +0.73 |
| FRPH FRP Holdings Inc. | Add +138.4% | 1.22% | +0.63 |
| SKYH SKY Harbour Group Corp. | Add +39.7% | 1.99% | +0.59 |
| FNV Franco-Nevada Corp. | Add +1.2% | 2.74% | +0.58 |
| OKE Oneok Inc. | Add +90.8% | 0.91% | +0.39 |
| BRKR Bruker Corp. | New | 0.36% | +0.36 |
| PKST Peakstone Realty Trust | Add +57.7% | 0.75% | +0.30 |
| SFM Sprouts Farmers Market Inc. | New | 0.26% | +0.26 |
| MELI MercadoLibre Inc. | New | 0.25% | +0.25 |
| NEM Newmont Corp. | New | 0.23% | +0.23 |
| GSHD Goosehead Insurance Inc. Class A | New | 0.15% | +0.15 |
| LAMR Lamar Advertising Co. Class A | Add +62.1% | 0.52% | +0.15 |
| LECO Lincoln Electric Holdings | New | 0.15% | +0.15 |
| EPD Enterprise Products Partners | Add +5.3% | 2.13% | +0.14 |
| BOC Boston Omaha Corp. Class A | Add +17.5% | 1.21% | +0.14 |
| PSLV Sprott Physical Silver Trust | Add +68.5% | 0.22% | +0.10 |
| WCC Wesco International Inc. | Add +52.5% | 0.50% | +0.09 |
| IMO Imperial Oil Ltd. | Add +1.6% | 0.81% | +0.08 |
| CAAP Corp. America Airports SA | Add +24.1% | 0.67% | +0.08 |
| VOXR Vox Royalty Corp. | Add +1.5% | 0.45% | +0.07 |
| ENB Enbridge Inc. | Add +9.8% | 1.02% | +0.07 |
| IA Innovative Solutions & Supp | New | 0.05% | +0.05 |
| PLYM Plymouth Industrial REIT Inc. | Add +25.8% | 0.69% | +0.05 |
| SJT San Juan Basin Royalty TR | Add +7.0% | 0.15% | +0.05 |
| EMX Emx Royalty Corp. | Add +91.5% | 0.09% | +0.05 |
| REXR Rexford Industrial Realty Inc. | Add +16.2% | 0.36% | +0.03 |
| SSNC Ss&c Technologies Holdings | Add +11.2% | 0.20% | +0.03 |
| XOM Exxon Mobil Corp. | Add +0.8% | 0.27% | +0.01 |
| BG Bunge Global SA | Add +11.2% | 0.32% | +0.01 |
| SII Sprott Inc. | Add +3.8% | 0.21% | +0.01 |
| JOE The St Joe Co. | Add +1.9% | 0.91% | −0.00 |
| ARW Arrow Electronics Inc. | Add +11.1% | 0.27% | −0.01 |
| ALEX Alexander & Baldwin Inc. | Add +1.4% | 0.21% | −0.02 |
| HGTY Hagerty Inc. Class A | Add +2.2% | 0.18% | −0.02 |
| HD Home Depot Inc. | Add +9.9% | 0.87% | −0.03 |
| IBIT iShares Bitcoin Trust ETF | Add +1.8% | 0.24% | −0.05 |
| GOOG Alphabet Inc. Class C | Add +3.5% | 0.18% | −0.05 |
| ALTG Alta Equipment Group Inc. | Add +4.8% | 0.11% | −0.05 |
| ATKR Atkore Inc. | Add +5.0% | 0.23% | −0.09 |
| GOOGL Alphabet Inc. Class A | Add +1.1% | 0.40% | −0.12 |
| NE Noble Corp. PLC | Add +1.2% | 0.44% | −0.18 |
| CNQ Canadian Natural Resources | Add +2.3% | 3.73% | −0.18 |
| NRP Natural Resource Partners LP | Add +8.3% | 3.56% | −0.20 |
| VAL Valaris Ltd. | Add +2.6% | 1.53% | −0.27 |
Options Activity Q4 2024 → Q1 2025
| SU Suncor Energy Inc. | call | Reduce -33.6% | 7,700 | $83K |
| NEM Newmont Corp. | call | New | 10,100 | $58K |
| AEM Agnico Eagle Mines Ltd. | call | Reduce -67.5% | 1,300 | $47K |
| BTU Peabody Energy Corp. | call | Reduce -21.1% | 25,000 | $17K |
| CVE Cenovus Energy Inc. | call | Reduce -5.0% | 22,800 | $11K |
| ENVX Enovix Corp. | call | Reduce -33.9% | 11,700 | $11K |
| CLF Cleveland-Cliffs Inc. | call | Reduce -15.7% | 7,000 | $11K |
| CNQ Canadian Natural Resources | call | Reduce -28.6% | 3,000 | $5K |
| NXH Neighborhood Intelligence Inc. | call | Reduce -31.3% | 4,600 | $3K |
| VAL Valaris Ltd. | call | New | 300 | $1K |
| IBIT iShares Bitcoin Trust ETF | call | Sold out | 2,500 | $438before exit |
| MOS The Mosaic Co. | call | Sold out | 300 | $213before exit |
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 |