| Texas Pacific Land Corporation | 9.8M | US$4.29B | 48.6% |
| Landbridge Company Llc | 5.82M | US$461M | 5.2% |
| Hawaiian Electric Industries | 22.4M | US$303M | 3.4% |
| Miami International Holdings, Inc. | 7.84M | US$291M | 3.3% |
| Waterbridge Infrastructure Llc | 7.65M | US$262M | 3.0% |
| Wheaton Precious Metals Corp | 1.69M | US$189M | 2.1% |
| Permian Basin Royalty Trust | 6.73M | US$169M | 1.9% |
| Franco-nevada Corporation | 773K | US$161M | 1.8% |
| Intercontinental Exchange Inc. | 985K | US$121M | 1.4% |
| Cboe Global Markets, Inc. | 415K | US$101M | 1.1% |
| Cheniere Energy, Inc. | 402K | US$96.1M | 1.1% |
| Mesabi Trust | 3.22M | US$81.5M | 0.92% |
| Civeo Corporation (canada) | 2.29M | US$80.2M | 0.91% |
| Caci International, Inc. | 154K | US$71.2M | 0.81% |
| Cameco Corporation | 698K | US$71.1M | 0.81% |
| Viper Energy, Inc. | 1.65M | US$70.1M | 0.79% |
| Brookfield Corporation | 1.59M | US$67.6M | 0.77% |
| Cme Group Inc. | 284K | US$62.7M | 0.71% |
| Or Royalties Inc. | 1.92M | US$60.6M | 0.69% |
| Whitehawk Minerals Corp | 1.55M | US$43.2M | 0.49% |
| Autonation, Inc. | 213K | US$39.6M | 0.45% |
| Tejon Ranch Co | 2.01M | US$37.6M | 0.43% |
| St. Joe Company (the) | 593K | US$37.1M | 0.42% |
| Eaglerock Land, Llc | 1.68M | US$35.8M | 0.41% |
| Horizon Kinetics Holding Corporation | 1.08M | US$35.5M | 0.40% |
| Galaxy Digital Inc. | 1.24M | US$33.8M | 0.38% |
| Sprott Inc. | 232K | US$26.1M | 0.30% |
| White Mountains Insurance Group, Ltd. | 12,206 | US$25.3M | 0.29% |
| Penske Automotive Group, Inc. | 139K | US$24.9M | 0.28% |
| Rb Global, Inc. | 211K | US$24.6M | 0.28% |
| San Juan Basin Royalty Trust | 7.49M | US$24.1M | 0.27% |
| Marsh | 140K | US$23.3M | 0.26% |
| Dorchester Minerals, L.p. | 853K | US$21.5M | 0.24% |
| Berkshire Hathaway Inc. | 38,728 | US$19.4M | 0.22% |
| Live Nation Entertainment, Inc. | 101K | US$18.5M | 0.21% |
| Triple Flag Precious Metals Corp. | 507K | US$15.2M | 0.17% |
| Interparfums, Inc. | 130K | US$14.6M | 0.17% |
| Oshkosh Corporation (holding Company) | 88,816 | US$13.6M | 0.15% |
| Carnival Corporation Ltd. | 428K | US$12.2M | 0.14% |
| Strategy Inc | 130K | US$11.3M | 0.13% |
| Liberty Media Corporation - Series A Liberty Formula One | 104K | US$9.9M | 0.11% |
| Tradeweb Markets Inc. | 97,740 | US$9.74M | 0.11% |
| Williams Companies, Inc. (the) | 129K | US$9.57M | 0.11% |
| Madison Square Garden Sports Corp. | 23,221 | US$9.33M | 0.11% |
| Royal Gold, Inc. | 46,068 | US$9.2M | 0.10% |
| Mastercard Incorporated | 17,681 | US$9.08M | 0.10% |
| Alliancebernstein Holding L.p. | 248K | US$8.75M | 0.10% |
| Brookfield Asset Management Inc | 189K | US$8.49M | 0.10% |
| Sabine Royalty Trust | 112K | US$8.18M | 0.09% |
| Energy Transfer Lp | 409K | US$7.83M | 0.09% |
| Sphere Entertainment Co. | 44,657 | US$7.73M | 0.09% |
| Fermi Inc. | 824K | US$7.55M | 0.09% |
| Western Midstream Partners, Lp | 172K | US$7.54M | 0.09% |
| Liberty Energy Inc. | 235K | US$6.15M | 0.07% |
| Kla Corporation | 19,855 | US$5.99M | 0.07% |
| Natural Resource Partners Lp Limited Partnership | 60,951 | US$5.91M | 0.07% |
| Freeport-mcmoran, Inc. | 89,581 | US$5.63M | 0.06% |
| Science Applications International Corporation | 51,007 | US$5.63M | 0.06% |
| Nasdaq, Inc. | 70,934 | US$5.59M | 0.06% |
| Exxon Mobil Corporation | 38,037 | US$5.2M | 0.06% |
| Abbvie Inc. | 18,887 | US$4.75M | 0.05% |
| Eli Lilly And Company | 3,824 | US$4.59M | 0.05% |
| Caterpillar, Inc. | 3,931 | US$4.19M | 0.05% |
| Enterprise Products Partners L.p. | 112K | US$4.13M | 0.05% |
| Markel Group Inc. | 2,064 | US$4.03M | 0.05% |
| Cisco Systems, Inc. | 34,266 | US$4.02M | 0.05% |
| Howard Hughes Holdings Inc. | 55,500 | US$3.97M | 0.04% |
| Johnson & Johnson | 15,508 | US$3.94M | 0.04% |
| Atlanta Braves Holdings, Inc. - Series A | 72,387 | US$3.76M | 0.04% |
| Merck & Company, Inc. | 28,151 | US$3.62M | 0.04% |
| Philip Morris International Inc | 19,624 | US$3.55M | 0.04% |
| Vertiv Holdings, Llc | 10,515 | US$3.52M | 0.04% |
| Nutrien Ltd. | 50,527 | US$3.18M | 0.04% |
| Costamare Inc. | 222K | US$3.12M | 0.04% |
| Metalla Royalty & Streaming Ltd. | 404K | US$3.08M | 0.03% |
| Suncor Energy Inc. | 56,237 | US$3.02M | 0.03% |
| Broadridge Financial Solutions, Inc. | 21,706 | US$2.97M | 0.03% |
| Openlane, Inc. | 71,030 | US$2.93M | 0.03% |
| Centuri Holdings, Inc. | 96,043 | US$2.9M | 0.03% |
| Alliance Resource Partners, L.p. | 120K | US$2.89M | 0.03% |
| Madison Square Garden Entertainment Corp. | 35,041 | US$2.83M | 0.03% |
| Wisdomtree, Inc. | 166K | US$2.81M | 0.03% |
| Altria Group, Inc. | 38,957 | US$2.8M | 0.03% |
| Toronto-dominion Bank | 22,450 | US$2.73M | 0.03% |
| L3harris Technologies, Inc. | 9,153 | US$2.66M | 0.03% |
| Apyx Medical Corporation | 585K | US$2.63M | 0.03% |
| Microsoft Corp. | 6,894 | US$2.57M | 0.03% |
| Bristol-myers Squibb Company | 44,552 | US$2.57M | 0.03% |
| Eagle Materials Inc | 10,684 | US$2.4M | 0.03% |
| Emerson Electric Company | 16,592 | US$2.38M | 0.03% |
| Ge Aerospace | 6,354 | US$2.37M | 0.03% |
| Plains All American Pipeline, L.p. | 105K | US$2.34M | 0.03% |
| Chevron Corporation | 13,800 | US$2.29M | 0.03% |
| Rtx Corporation | 11,895 | US$2.26M | 0.03% |
| Iron Mountain Incorporated (delaware) | 17,845 | US$2.25M | 0.03% |
| Eqt Corporation | 41,270 | US$2.19M | 0.02% |
| Archer-daniels-midland Company | 28,642 | US$2.19M | 0.02% |
| Bakkt, Inc. | 280K | US$2.19M | 0.02% |
| Fidelity National Financial, Inc. | 45,271 | US$2.13M | 0.02% |
| Black Stone Minerals, L.p. | 151K | US$2.11M | 0.02% |