Meixler Investment Management, Ltd.
Long book
$185.8M
Q1 2026
Positions
88
Top-10 weight
49%
concentration
Last quarter
-2.4%
SPY +14.8%
Turnover
17%
of book per quarter
Strategy in plain words
auto-generated from filingsMeixler Investment Management, Ltd. is a diversified fundamental manager, running a $185.8M US long book across 88 positions.
The portfolio is moderately concentrated (top 10 ≈ 49% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: SPROTT PHYSICAL GOLD TRUST, BERKSHIRE HATHAWAY INC-CL B, NATURAL RESOURCE PARTNERS LP, DORCHESTER MINERALS LP, SUNCOR ENERGY INC.
Over the last 9 quarters its long book ran on average 1.4pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-1.6%
Q2 2024
+5.6%
Q3 2024
-1.7%
Q4 2024
+4.6%
Q1 2025
+0.9%
Q2 2025
+8.6%
Q3 2025
+0.9%
Q4 2025
+12.8%
Q1 2026
-2.4%
Sector allocation
Energy 22%
Materials 18%
Industrials 17%
Financials 15%
Utilities 12%
Consumer discretionary 7%
Real estate 5%
Technology 3%
Long book by quarter
What does Meixler Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 28.7K | $13.7M | 7.4% | +0.5% |
| NRP NATURAL RESOURCE PARTNERS LP | Materials | 93.2K | $11.4M | 6.1% | -1.4% |
| DMLP DORCHESTER MINERALS LP | Energy | 384.8K | $10.8M | 5.8% | -7.2% |
| SU SUNCOR ENERGY INC | Energy | 134.9K | $8.9M | 4.8% | -24.2% |
| EPD ENTERPRISE PRODUCTS PARTNERS | Utilities | 155.8K | $5.9M | 3.2% | +9.0% |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 116.2K | $5.5M | 3.0% | -17.6% |
| EXP EAGLE MATERIALS INC | Industrials | 28.8K | $5.4M | 2.9% | +23.7% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 22.2K | $5.1M | 2.7% | +5.0% |
| OKE ONEOK INC | Utilities | 53.3K | $4.7M | 2.5% | +30.4% |
| RGLD ROYAL GOLD INC | Financials | 17.0K | $4.5M | 2.4% | +26.5% |
| FNV FRANCO-NEVADA CORP | Materials | 15.4K | $4.0M | 2.1% | -11.2% |
| LMT LOCKHEED MARTIN CORP | Industrials | 6.1K | $3.8M | 2.0% | -0.3% |
| KMI KINDER MORGAN INC | Utilities | 98.5K | $3.2M | 1.7% | +14.0% |
| SKYH SKY HARBOUR GROUP CORP | Real estate | 271.8K | $2.7M | 1.5% | +2.9% |
| KNF KNIFE RIVER CORP | Materials | 34.9K | $2.6M | 1.4% | +15.4% |
| CP CANADIAN PACIFIC KANSAS CITY | Industrials | 30.9K | $2.4M | 1.3% | +11.9% |
| ESAB ESAB CORP | Industrials | 24.2K | $2.4M | 1.3% | New |
| MUSA MURPHY USA INC | Consumer discretionary | 4.6K | $2.3M | 1.2% | +15.5% |
| OR OR ROYALTIES INC | Materials | 49.0K | $2.0M | 1.1% | -13.6% |
| ET ENERGY TRANSFER LP | Utilities | 86.9K | $1.6M | 0.9% | New |
| ENB ENBRIDGE INC | Energy | 29.1K | $1.6M | 0.8% | -21.8% |
| LOW LOWE'S COS INC | Consumer discretionary | 6.8K | $1.6M | 0.8% | -5.0% |
| FRPH FRP HOLDINGS INC | Real estate | 70.6K | $1.6M | 0.8% | +3.8% |
| QCOM QUALCOMM INC | Technology | 11.6K | $1.5M | 0.8% | +77.0% |
| LEGH LEGACY HOUSING CORP | Other | 70.8K | $1.5M | 0.8% | -47.7% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 2 | $1.4M | 0.8% | Held |
| VAL VALARIS LTD | Energy | 14.3K | $1.4M | 0.8% | -37.7% |
| PAG PENSKE AUTOMOTIVE GROUP INC | Consumer discretionary | 9.3K | $1.4M | 0.7% | +8.5% |
| CAAP CORP AMERICA AIRPORTS SA | Industrials | 50.3K | $1.3M | 0.7% | -4.5% |
| BOC BOSTON OMAHA CORP-CL A | Real estate | 101.7K | $1.3M | 0.7% | -3.5% |
| TRMB TRIMBLE INC | Other | 18.2K | $1.2M | 0.6% | +50.4% |
| SOLS SOLSTICE ADV MATERIALS INC | Materials | 15.3K | $1.2M | 0.6% | +36.1% |
| HD HOME DEPOT INC | Consumer discretionary | 3.2K | $1.0M | 0.6% | -2.0% |
| LECO LINCOLN ELECTRIC HOLDINGS | Industrials | 4.1K | $1.0M | 0.5% | -19.0% |
| JOE ST JOE CO/THE | Real estate | 14.3K | $934K | 0.5% | -12.1% |
| IMO IMPERIAL OIL LTD | Energy | 7.1K | $920K | 0.5% | -18.2% |
| AMRZ AMRIZE LTD | Industrials | 16.6K | $900K | 0.5% | +2.1% |
| VOXR VOX ROYALTY CORP | Materials | 168.2K | $885K | 0.5% | -10.7% |
| GOOGL ALPHABET INC-CL A | Technology | 2.9K | $872K | 0.5% | -0.3% |
| DIN DINE BRANDS GLOBAL INC | Consumer discretionary | 31.7K | $809K | 0.4% | -7.2% |
| AEM AGNICO EAGLE MINES LTD | Materials | 3.8K | $788K | 0.4% | -29.6% |
| FERG FERGUSON ENTERPRISES INC | Consumer discretionary | 3.3K | $776K | 0.4% | +11.2% |
| WCC WESCO INTERNATIONAL INC | Consumer discretionary | 2.8K | $767K | 0.4% | -2.6% |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 5.7K | $767K | 0.4% | -7.2% |
| SNX TD SYNNEX CORP | Consumer discretionary | 3.7K | $701K | 0.4% | -7.1% |
| NEM NEWMONT CORP | Materials | 5.8K | $657K | 0.4% | -39.4% |
| MELI MERCADOLIBRE INC | Services media | 371 | $636K | 0.3% | +22.4% |
| PRSU PURSUIT ATTRACTIONS AND HOSP | Services media | 15.7K | $594K | 0.3% | New |
| TFPM TRIPLE FLAG PRECIOUS MET | Financials | 16.4K | $586K | 0.3% | -12.9% |
| TRP TC ENERGY CORP | Utilities | 8.6K | $548K | 0.3% | -8.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 6, 2026 | 93 | $186.0M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 95 | $164.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 105 | $163.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 5, 2025 | 104 | $145.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 8, 2025 | 113 | $144.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 30, 2025 | 115 | $135.2M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 4, 2024 | 104 | $135.5M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 26, 2024 | 111 | $130.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 110 | $133.9M | canonical | SEC ↗ |
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