Santa Monica Partners LP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 30, 2025), Santa Monica Partners LP reported 17 stock positions worth $185.2 million. Its top holding was Texas Pacific Land Trust (TPL) at 32.2% of the portfolio, followed by Mastercard Class A (MA, 29.1%) and Balchem (BCPC, 17.5%). Compared with Q3 2024, it opened 2 new positions, sold out of 2, added to 1 and reduced 2. The biggest buy was Texas Pacific Land Trust (TPL, shares −0%) and the biggest sale an exit from Tejon Ranch (TRC).

Most Recent 13F
Q2 2026
Location
PALM BEACH GARDENS, FL
CIK
0000904793
Portfolio Value
$185.2M (Q4 2024)
SEC Filing
0000904793-25-000002 ↗ filed Jan 30, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $144.6M Q1 2024 Q2 2024: $148.9M Q2 2024 Q3 2024: $169.8M Q3 2024 Q4 2024: $185.2M $185.2M Q4 2024 Q1 2025: $182.5M Q1 2025 Q2 2025: $171.5M Q2 2025 Q3 2025: $170.4M Q3 2025 Q4 2025: $164.9M Q4 2025 Q1 2026: $179.1M Q1 2026 Q2 2026: $185.4M Q2 2026

Holdings 17 stocks · $185.2M
TPL Texas Pacific Land Trust 32.24% 53,991 $59.7M Add +0.0%
MA Mastercard Inc. Class A 29.05% 102,170 $53.8M No change
BCPC Balchem Corp. 17.48% 198,604 $32.4M No change
BR Broadridge Financial Solutio 4.98% 40,793 $9.2M No change
GRMN Garmin Ltd. 4.54% 40,755 $8.4M No change
BELFB Bel Fuse Inc. Class B 3.01% 67,634 $5.6M No change
Grayscale Bitcoin Trust ETF 2.60% 64,932 $4.8M New
BRK.A Berkshire Hathaway Inc. Class A 1.47% 4 $2.7M No change
BELFA Bel Fuse Inc. Class A 1.14% 23,434 $2.1M No change
BOC Boston Omaha Corp. Class A 1.00% 130,155 $1.8M Reduce -3.0%
FNV Franco-Nevada Corp. 0.68% 10,676 $1.3M No change
VRTS Virtus Investment Partners 0.68% 5,680 $1.3M Reduce -6.5%
SLP Simulations Plus Inc. 0.43% 28,596 $798K No change
BTC Grayscale Bitcoin Mini Trust 0.29% 12,986 $544K New
MCB Metropolitan Bank Holding Co. 0.25% 7,811 $456K No change
BNT Brookfield Wealth Solutions 0.14% 4,603 $265K No change
PMDI Psychemedics Corp. 0.02% 20,000 $45K No change

Portfolio Sells Q3 2024 → Q4 2024
TRC Tejon Ranch Co. Sold out 0.00% −1.82
PBT Permian Basin Royalty Trust Sold out 0.00% −0.61
BOC Boston Omaha Corp. Class A Reduce -3.0% 1.00% −0.14
VRTS Virtus Investment Partners Reduce -6.5% 0.68% −0.07

Portfolio Buys Q3 2024 → Q4 2024
TPL Texas Pacific Land Trust Add +0.0% 32.24% +4.11
Grayscale Bitcoin Trust ETF New 2.60% +2.60
BTC Grayscale Bitcoin Mini Trust New 0.29% +0.29

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 13$185.4MTPL, MA, BELFB, GRMN, BCPC
Q1 2026 13$179.1MTPL, MA, BELFB, GRMN, BCPC
Q4 2025 13$164.9MMA, TPL, BCPC, BELFB, BR
Q3 2025 13$170.4MMA, TPL, BCPC, GRMN, BR
Q2 2025 13$171.5MMA, TPL, BCPC, BR, GRMN
Q1 2025 13$182.5MTPL, MA, BCPC, BR, GRMN
Q4 2024 17$185.2MTPL, MA, BCPC, BR, GRMN
Q3 2024 17$169.8MMA, TPL, BCPC, BR, GRMN
Q2 2024 16$148.9MMA, TPL, BCPC, BR, GRMN
Q1 2024 16$144.6MMA, TPL, BCPC, BR, GRMN