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Mesabi Trust

MSB
Exchange
NYSE
Industry
Mineral Royalty Traders
SEC CIK
0000065172

No open-market purchases or sales by Mesabi Trust insiders were filed in the last 90 days; 62 institutions reported holding it in 13F filings for Q2 2026, worth $167.0M in total; no superinvestor holds it.

13F holders, Q3 2025

Institutional positions in Mesabi Trust as of Sep 30, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
71
+7 vs. Q2 2025
Shares held
6.13M
+168.8K (+2.8%) vs. Q2 2025
Total value
$179.3M
+$35.6M (+24.7%) vs. Q2 2025
New holders
15
26 more added
Sold out
8
14 more reduced

Compare with Q2 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting MSB on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2025: 71 institutions
Q1 2021: 57 institutionsQ2 2021: 64 institutionsQ3 2021: 59 institutionsQ4 2021: 54 institutionsQ1 2022: 57 institutionsQ2 2022: 56 institutionsQ3 2022: 54 institutionsQ4 2022: 52 institutionsQ1 2023: 42 institutionsQ2 2023: 45 institutionsQ3 2023: 46 institutionsQ4 2023: 51 institutionsQ1 2024: 50 institutionsQ2 2024: 47 institutionsQ3 2024: 47 institutionsQ4 2024: 61 institutionsQ1 2025: 64 institutionsQ2 2025: 64 institutionsQ3 2025: 71 institutionsQ4 2025: 82 institutionsQ1 2026: 73 institutionsQ2 2026: 62 institutions
Value heldQ3 2025: $179.3M
Q1 2021: $105.3MQ2 2021: $135.0MQ3 2021: $115.6MQ4 2021: $115.0MQ1 2022: $119.1MQ2 2022: $112.2MQ3 2022: $98.1MQ4 2022: $88.6MQ1 2023: $130.4MQ2 2023: $107.0MQ3 2023: $109.4MQ4 2023: $111.6MQ1 2024: $94.2MQ2 2024: $94.2MQ3 2024: $126.3MQ4 2024: $170.7MQ1 2025: $156.9MQ2 2025: $143.7MQ3 2025: $179.3MQ4 2025: $246.3MQ1 2026: $210.2MQ2 2026: $167.0M
Institutions holding MSB and their total value by quarter
QuarterHoldersValue
Q2 202662$167.0M
Q1 202673$210.2M
Q4 202582$246.3M
Q3 202571$179.3M
Q2 202564$143.7M
Q1 202564$156.9M
Q4 202461$170.7M
Q3 202447$126.3M
Q2 202447$94.2M
Q1 202450$94.2M
Q4 202351$111.6M
Q3 202346$109.4M
Q2 202345$107.0M
Q1 202342$130.4M
Q4 202252$88.6M
Q3 202254$98.1M
Q2 202256$112.2M
Q1 202257$119.1M
Q4 202154$115.0M
Q3 202159$115.6M
Q2 202164$135.0M
Q1 202157$105.3M

Institutions, Q3 2025

Shares, value and share of portfolio for each institution holding Mesabi Trust; share changes are against Q2 2025.

Institutions holding MSB in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Horizon Kinetics Asset Management LLC2,999,326$87.8M1.07%+38,736+1.3%Added
Valueworks LLC676,709$19.8M5.76%−9,137−1.3%Reduced
Beddow Capital Management Inc365,929$10.7M3.95%−9,166−2.4%Reduced
Mad River Investors295,523$8.65M3.71%+1100.0%Added
Moors & Cabot, Inc.187,160$5.48M0.24%−7,043−3.6%Reduced
Advisory Services Network, LLC181,396$5.31M0.08%+490.0%Added
Bank of America Corp177,795$5.20M0.00%+270.0%Added
EagleClaw Capital Managment, LLC167,425$4.90M0.69%+1,800+1.1%Added
CWA Asset Management Group, LLC160,918$4.65M0.17%+160,918New
Morgan Stanley103,925$3.04M0.00%−21,846−17.4%Reduced
Lido Advisors, LLC79,779$2.34M0.01%00.0%Unchanged
Bank of New York Mellon Corp75,170$2.20M0.00%−1,892−2.5%Reduced
Geode Capital Management, LLC59,677$1.75M0.00%+48,635+440.5%Added
O'Shaughnessy Asset Management, LLC44,778$1.31M0.01%−1,884−4.0%Reduced
Redhawk Wealth Advisors, Inc.38,711$1.12M0.13%+4,579+13.4%Added
JPMorgan Chase & Co36,204$1.06M0.00%−1,016−2.7%Reduced
NBC Securities, Inc.33,942$993.5K0.08%00.0%Unchanged
Pecaut & Co.33,963$980.9K0.32%+23+0.1%Added
Commonwealth Equity Services, LLC30,409$890.0K0.00%+307+1.0%Added
HighTower Advisors, LLC25,038$732.9K0.00%+94+0.4%Added
Royal Bank of Canada24,708$723.0K0.00%+656+2.7%Added
Steward Partners Investment Advisory, LLC24,599$720.0K0.00%+357+1.5%Added
LPL Financial LLC23,661$692.5K0.00%+3,981+20.2%Added
Westmount Partners, LLC20,856$653.0K0.17%00.0%Unchanged
Wells Fargo & Company18,783$549.8K0.00%+539+3.0%Added
One Charles Private Wealth Services, LLC18,268$534.7K0.14%+50.0%Added
Russell Investments Group, Ltd.17,042$498.8K0.00%00.0%Unchanged
Arrowstreet Capital, Limited Partnership16,690$488.5K0.00%−2,522−13.1%Reduced
Two Sigma Investments, LP16,409$480.3K0.00%−12,415−43.1%Reduced
UBS Group AG15,389$450.4K0.00%−14,417−48.4%Reduced
Essex Financial Services, Inc.14,621$428.0K0.03%+21+0.1%Added
Steinberganna Wealth Management12,979$374.8K0.18%+12,979New
Raymond James Financial Inc12,239$358.2K0.00%−724−5.6%Reduced
Apollon Wealth Management, LLC11,753$344.0K0.01%+574+5.1%Added
Ritholtz Wealth Management11,399$330.9K0.01%−2,338−17.0%Reduced
Acorn Wealth Advisors, LLC11,000$317.7K0.10%00.0%Unchanged
Janney Montgomery Scott LLC10,516$308.0K0.00%+519+5.2%Added
Atlas Wealth Partners, LLC7,844$226.5K0.23%+7,844New
Ameriprise Financial Inc7,718$225.9K0.00%+7,718New
Bank of Montreal7,400$216.6K0.00%+7,400New
Synergy Financial Management, LLC7,450$215.2K0.01%+7,450New
Gsa Capital Partners LLP7,257$212.0K0.02%+7,257New
Citadel Advisors LLC7,176$210.0K0.00%−4,901−40.6%Reduced
MAI Capital Management4,478$131.1K0.00%+13+0.3%Added
Advisor Group Holdings, Inc.4,307$127.8K0.00%+784+22.3%Added
Citigroup Inc3,786$110.8K0.00%+3,786New
Manchester Capital Management LLC1,811$53.0K0.01%00.0%Unchanged
GWM Advisors LLC1,621$47.5K0.00%+9+0.6%Added
Colonial Trust Advisors1,500$43.9K0.00%+1,500New
Medallion Wealth Advisors, LLC1,240$35.8K0.01%00.0%Unchanged
Tower Research Capital LLC (TRC)1,135$33.2K0.00%+363+47.0%Added
Mark Sheptoff Financial Planning, LLC1,000$29.3K0.01%00.0%Unchanged
Chung Wu Investment Group, LLC1,000$29.3K0.02%00.0%Unchanged
Quent Capital, LLC940$27.5K0.00%+940New
Farther Finance Advisors, LLC861$24.9K0.00%+3+0.3%Added
Larson Financial Group LLC710$20.5K0.00%+710New
CWM, LLC670$19.0K0.00%+2+0.3%Added
Comerica Bank550$16.1K0.00%+550New
Golden State Wealth Management, LLC500$14.6K0.00%00.0%Unchanged
Allworth Financial LP500$14.4K0.00%00.0%Unchanged
EverSource Wealth Advisors, LLC345$9.96K0.00%00.0%Unchanged
Ameritas Advisory Services, LLC283$8.29K0.00%+1+0.4%Added
Bernard Wealth Management Corp.245$7.07K0.00%+1+0.4%Added
Groupe la Francaise165$4.09K0.00%+165New
Aventura Private Wealth, LLC128$3.75K0.00%00.0%Unchanged
Financial Perspectives, Inc100$2.93K0.00%00.0%Unchanged
FMR LLC74$2.17K0.00%−31−29.5%Reduced
Group One Trading, L.P.41$1.20K0.00%+41New
GAMMA Investing LLC30$8780.00%+30New
Assetmark, Inc18$5270.00%00.0%Unchanged
Huntington National Bank1$290.00%00.0%Unchanged
Two Sigma Advisers, LP0$00.00%−26,900−100.0%Sold out
State of Wyoming0$00.00%−16,985−100.0%Sold out
Exchange Traded Concepts, LLC0$00.00%−10,330−100.0%Sold out
Wealth Enhancement Advisory Services, LLC0$00.00%−8,109−100.0%Sold out
Bessemer Group Inc0$00.00%−600−100.0%Sold out
Kiker Wealth Management, LLC0$00.00%−395−100.0%Sold out
Creekmur Asset Management LLC0$00.00%−1−100.0%Sold out
Simplex Trading, LLC0$00.00%−23−100.0%Sold out