Mad River Investors - Q42025 Holdings

Mad River Investors holds 34 stocks with a total portfolio value of $ 219.62M as of Q42025. In Q42025, Mad River Investors added 1 new position, increased stakes in 12 stocks, reduced 7 holdings, and fully exited 4 positions. The largest holding is Texas Pacific Land Corporati (TPL), representing 37.41% of the total portfolio.