Msrh, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), Msrh, LLC reported 29 stock positions worth $112.9 million. Its top holding was Texas Pacific Land (TPL) at 62.8% of the portfolio, followed by Grayscale Bitcoin Trust ETF (GBTC, 19.6%) and Landbridge Co. LLC-A (LB, 5.7%). Compared with Q4 2025, it opened 5 new positions, sold out of 4, added to 4 and reduced 5. The biggest buy was a new position in Miami International (MIAX) and the biggest sale Grayscale Bitcoin Trust ETF (GBTC, shares −1%).
- Most Recent 13F
- Q1 2026
- Location
- New York, NY
- CIK
- 0002122489
- Portfolio Value
- $112.9M (Q1 2026)
- SEC Filing
- 0002071844-26-000497 ↗ filed May 11, 2026
Holdings Value
Holdings 29 stocks · $112.9M
| TPL Texas Pacific Land Corp. | 62.83% | 149,458 | $70.9M | Reduce -0.5% |
| GBTC Grayscale Bitcoin Trust ETF | 19.61% | 419,620 | $22.1M | Reduce -0.6% |
| LB Landbridge Co. LLC-A | 5.73% | 93,756 | $6.5M | Reduce -0.1% |
| PBT Permian Basin Royalty Trust | 4.58% | 240,342 | $5.2M | Add +0.5% |
| BTC Grayscale Bitcoin Mini ETF | 2.74% | 103,200 | $3.1M | No change |
| HE Hawaiian Electric Inds | 2.20% | 167,460 | $2.5M | Add +13.1% |
| MSB Mesabi Trust | 1.26% | 45,114 | $1.4M | No change |
| HHH Howard Hughes Holdings Inc. | 0.34% | 6,000 | $380K | Reduce -16.7% |
| WBI Waterbridge Infrastruc Class A | 0.30% | 12,500 | $335K | No change |
| MIAX Miami International Holdings | 0.25% | 7,200 | $280K | New |
| NVO Novo-Nordisk A/S-Spons ADR | 0.06% | 1,868 | $69K | No change |
| CVEO Civeo Corp. | 0.03% | 1,188 | $31K | No change |
| SEG Seaport Entertainment Group | 0.02% | 1,254 | $27K | No change |
| CCL Carnival Corp. | 0.01% | 455 | $12K | New |
| ROYAL CARIBBEAN GROUP | 0.01% | 32 | $9K | New |
| BKKT Bakkt Inc. | 0.01% | 1,147 | $8K | No change |
| ARLP Alliance Resource Partners | 0.01% | 296 | $8K | No change |
| WPM Wheaton Precious Metals Corp. | 0.01% | 44 | $6K | Reduce -96.9% |
| IBIT iShares Bitcoin Trust ETF | 0.00% | 102 | $4K | No change |
| NG Novagold Resources Inc. | 0.00% | 400 | $4K | No change |
| TRC Tejon Ranch Co. | 0.00% | 81 | $2K | No change |
| CRCL Circle Internet Group Inc. | 0.00% | 6 | $572 | Add +500.0% |
| SLV iShares Silver Trust | 0.00% | 8 | $545 | No change |
| BUR Burford Capital Ltd. | 0.00% | 76 | $325 | New |
| TMQ Trilogy Metals Inc. | 0.00% | 66 | $237 | No change |
| FRMI Fermi Inc. | 0.00% | 32 | $187 | Add +128.6% |
| PAA Plains All Amer Pipeline LP | 0.00% | 2 | $45 | No change |
| ET Energy Transfer LP | 0.00% | 2 | $39 | No change |
| CNTN Canton Strategic Holdings Inc. | 0.00% | 2 | $7 | New |
Portfolio Sells Q4 2025 → Q1 2026
| GBTC Grayscale Bitcoin Trust ETF | Reduce -0.6% | 19.61% | −12.60 |
| HHH Howard Hughes Holdings Inc. | Reduce -16.7% | 0.34% | −0.30 |
| WPM Wheaton Precious Metals Corp. | Reduce -96.9% | 0.01% | −0.18 |
| FWONA Liberty Media Corp. Class A | Sold out | 0.00% | −0.11 |
| FNV Franco-Nevada Corp. | Sold out | 0.00% | −0.11 |
| BATRK Atlanta Braves Holdings in-C | Sold out | 0.00% | −0.01 |
| GLIBA Liberty Capital Corp. | Sold out | 0.00% | 0.00 |
| LB Landbridge Co. LLC-A | Reduce -0.1% | 5.73% | +0.60 |
| TPL Texas Pacific Land Corp. | Reduce -0.5% | 62.83% | +14.66 |
Portfolio Buys Q4 2025 → Q1 2026
| MIAX Miami International Holdings | New | 0.25% | +0.25 |
| HE Hawaiian Electric Inds | Add +13.1% | 2.20% | +0.17 |
| PBT Permian Basin Royalty Trust | Add +0.5% | 4.58% | +0.05 |
| CCL Carnival Corp. | New | 0.01% | +0.01 |
| ROYAL CARIBBEAN GROUP | New | 0.01% | +0.01 |
| CRCL Circle Internet Group Inc. | Add +500.0% | 0.00% | +0.00 |
| BUR Burford Capital Ltd. | New | 0.00% | +0.00 |
| FRMI Fermi Inc. | Add +128.6% | 0.00% | 0.00 |
| CNTN Canton Strategic Holdings Inc. | New | 0.00% | 0.00 |