Q1 2026 13F · SEC CIK 2122489

Msrh, LLC

Hedge fundFiled 2026-05-11 for Q1 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $112.9M
Reported positions: 29
Holdings vs S&P 500, 3 yrs: —
Average holding period: 2 qtrs

Msrh, LLC is a hedge fund that reported 29 positions worth $112.9M in its Q1 2026 13F, filed 2026-05-11. Its largest holdings were Texas Pacific Land Corporati (TPL, 62.8%), Grayscale Bitcoin Trust ETF (GBTC, 19.6%), Landbridge Company LLC Cl A (LB, 5.7%).

Msrh, LLC holdings all 29 positions.

Weights are shares of the filer's total reported 13F value, compared with Q4 2025. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Msrh, LLC 13F holdings
Stock	% of 13F value	Q4 2025	Shares	Share change	Reported value
TPLTexas Pacific Land Corporati	62.8%	48.2%	149,458	-0.5%	$70.9M
GBTCGrayscale Bitcoin Trust ETF	19.6%	32.2%	419,620	-0.6%	$22.1M
LBLandbridge Company LLC Cl A	5.7%	5.1%	93,756	-0.1%	$6.5M
PBTPermian Basin Rty Tr	4.6%	4.5%	240,342	+0.5%	$5.2M
BTCGrayscale Bitcoin Mini Tr Et	2.7%	4.5%	103,200	+0.0%	$3.1M
HEHawaiian Elec Inds Inc Mtn Be Com	2.2%	2.0%	167,460	+13.1%	$2.5M
MSBMesabi Tr	1.3%	1.9%	45,114	+0.0%	$1.4M
HHHHoward Hughes Holdings Inc	0.3%	0.6%	6,000	-16.7%	$380K
WBIWaterbridge Infrastructure L	0.3%	0.3%	12,500	+0.0%	$335K
MIAXMiami Intl Hldgs Inc	0.2%	New	7,200	—	$280K
NVONovo-Nordisk A S	0.1%	0.1%	1,868	+0.0%	$69K
CVEOCiveo Corp Cda	0.0%	0.0%	1,188	+0.0%	$31K
SEGSeaport Entmt Group Inc	0.0%	0.0%	1,254	+0.0%	$27K
CUKCarnival Corp	0.0%	New	455	—	$12K
V7790T103Royal Caribbean Group	0.0%	New	32	—	$9K
BKKTBakkt, Inc	0.0%	0.0%	1,147	+0.0%	$8K
ARLPAlliance Resource Partners, L.P.	0.0%	0.0%	296	+0.0%	$8K
WPMWheaton Precious Metals Corp	0.0%	0.2%	44	-96.9%	$6K
IBITIshares Bitcoin Trust ETF	0.0%	0.0%	102	+0.0%	$4K
NGNovagold Resources Inc	0.0%	0.0%	400	+0.0%	$4K
TRCTejon Ranch Co.	0.0%	0.0%	81	+0.0%	$2K
CRCLCircle Internet Group Inc	0.0%	0.0%	6	+500.0%	$572.00
SLVIshares Silver Tr	0.0%	0.0%	8	+0.0%	$545.00
BURBurford Capital Limited	0.0%	New	76	—	$325.00
TMQTrilogy Metals Inc New	0.0%	0.0%	66	+0.0%	$237.00
FRMIFermi Inc	0.0%	0.0%	32	+128.6%	$187.00
PAAPlains All American Pipeline LP	0.0%	0.0%	2	+0.0%	$45.00
ETPCEnergy Transfer L P	0.0%	0.0%	2	+0.0%	$39.00
CNTNCanton Strategic Holdings in	0.0%	New	2	—	$7.00

What Msrh, LLC bought and sold in Q1 2026, against Q4 2025.

Sold out

Share counts compared with the Q4 2025 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: —
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q1 2026	$112.9M	29
Q4 2025	$89.6M	27

Questions about Msrh, LLC's portfolio

What stocks does Msrh, LLC own?

Msrh, LLC's latest 13F, for Q1 2026 and filed May 11, 2026, lists 29 positions worth $112.9M. The largest are Texas Pacific Land Corporati (TPL) at 62.8%, Grayscale Bitcoin Trust ETF (GBTC) at 19.6%, Landbridge Company LLC Cl A (LB) at 5.7%, Permian Basin Rty Tr (PBT) at 4.6% and Grayscale Bitcoin Mini Tr Et (BTC) at 2.7%.

What did Msrh, LLC buy last quarter?

In Q1 2026, Msrh, LLC added a new position in Miami Intl Hldgs Inc (MIAX), a new position in Carnival Corp (CUK), a new position in Royal Caribbean Group, a new position in Burford Capital Limited (BUR), a new position in Canton Strategic Holdings in (CNTN), Circle Internet Group Inc (CRCL) (+500.0% shares), Fermi Inc (FRMI) (+128.6% shares) and Hawaiian Elec Inds Inc Mtn Be Com (HE) (+13.1% shares), compared with its Q4 2025 filing.

What did Msrh, LLC sell last quarter?

In Q1 2026, Msrh, LLC sold all of Liberty Media Corp Del (FWONA), sold all of Franco Nev Corp (FNV), sold all of Atlanta Braves Hldgs Inc (BATRK), Wheaton Precious Metals Corp (WPM) (-96.9% shares) and Howard Hughes Holdings Inc (HHH) (-16.7% shares), compared with its Q4 2025 filing.

When is Msrh, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Msrh, LLC's filing for the quarter ending Jun 30, 2026 was due by Aug 14, 2026; this page updates once it is processed.