MSRH, LLC
Long book
$112.9M
Q1 2026
Positions
29
Top-10 weight
100%
concentration
Last quarter
-10.2%
SPY +14.8%
Turnover
27%
of book per quarter
Strategy in plain words
auto-generated from filingsMSRH, LLC is a concentrated fundamental stock-picker, specialised in financials (97% of the long book), running a $112.9M US long book across 29 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: TEXAS PACIFIC LAND CORP, GRAYSCALE BITCOIN TRUST ETF, LANDBRIDGE CO LLC-A, PERMIAN BASIN ROYALTY TRUST, GRAYSCALE BITCOIN MINI ETF.
We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
+26.5%
Q1 2026
-10.2%
Sector allocation
Financials 96%
Utilities 3%
Real estate 0%
Energy 0%
Services media 0%
Materials 0%
Industrials 0%
Healthcare 0%
Long book by quarter
What does MSRH, LLC own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TPL TEXAS PACIFIC LAND CORP | Financials | 149.5K | $70.9M | 62.8% | -0.5% |
| LB LANDBRIDGE CO LLC-A | Financials | 93.8K | $6.5M | 5.7% | -0.1% |
| HE HAWAIIAN ELECTRIC INDS | Utilities | 167.5K | $2.5M | 2.2% | +13.1% |
| HHH HOWARD HUGHES HOLDINGS INC | Real estate | 6.0K | $380K | 0.3% | -16.7% |
| WBI WATERBRIDGE INFRASTRUC-CL A | Energy | 12.5K | $335K | 0.3% | Held |
| MIAX MIAMI INTERNATIONAL HOLDINGS | Financials | 7.2K | $280K | 0.2% | New |
| CVEO CIVEO CORP | Services media | 1.2K | $31K | 0.0% | Held |
| SEG SEAPORT ENTERTAINMENT GROUP | Services media | 1.3K | $27K | 0.0% | Held |
| CCL CARNIVAL CORP LTD | Industrials | 455 | $12K | 0.0% | New |
| BKKT BAKKT INC | Financials | 1.1K | $8K | 0.0% | Held |
| ARLP ALLIANCE RESOURCE PARTNERS | Materials | 296 | $8K | 0.0% | Held |
| WPM WHEATON PRECIOUS METALS CORP | Materials | 44 | $6K | 0.0% | -96.9% |
| NG NOVAGOLD RESOURCES INC | Materials | 400 | $4K | 0.0% | Held |
| TRC TEJON RANCH CO | Real estate | 81 | $2K | 0.0% | Held |
| CRCL CIRCLE INTERNET GROUP INC | Financials | 6 | $572 | 0.0% | +500.0% |
| BUR BURFORD CAPITAL LTD | Financials | 76 | $325 | 0.0% | New |
| TMQ TRILOGY METALS INC | Materials | 66 | $237 | 0.0% | Held |
| FRMI FERMI INC | Real estate | 32 | $187 | 0.0% | +128.6% |
| PAA PLAINS ALL AMER PIPELINE LP | Energy | 2 | $45 | 0.0% | Held |
| ET ENERGY TRANSFER LP | Utilities | 2 | $39 | 0.0% | Held |
| CNTN CANTON STRATEGIC HOLDINGS IN | Healthcare | 2 | $7 | 0.0% | New |