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Livermore
Livermore
ZHEN

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, Q1 2026

Institutional positions in Mesabi Trust as of Mar 31, 2026. 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
73
−7 vs. Q4 2025
Shares held
6.67M
+612.9K (+10.1%) vs. Q4 2025
Total value
$210.2M
−$22.5M (−9.7%) vs. Q4 2025
New holders
9
23 more added
Sold out
16
23 more reduced

2 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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 holdersQ1 2026: 73 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 heldQ1 2026: $210.2M
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, Q1 2026

Shares, value and share of portfolio for each institution holding Mesabi Trust; share changes are against Q4 2025.

Institutions holding MSB in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Horizon Kinetics Asset Management LLC3,140,972$98.9M1.07%+113,274+3.7%Added
Valueworks LLC646,582$20.4M5.55%−17,589−2.6%Reduced
CWA Asset Management Group, LLC447,485$14.1M0.48%+219,241+96.1%Added
Mad River Investors321,546$10.1M3.65%+24,897+8.4%Added
First Manhattan Co310,060$9.77M0.03%+310,060New
Advisory Services Network, LLC184,629$5.82M0.08%+3,104+1.7%Added
Moors & Cabot, Inc.180,945$5.70M0.24%−5,059−2.7%Reduced
Bank of America Corp177,881$5.60M0.00%00.0%Unchanged
EagleClaw Capital Managment, LLC169,775$5.35M0.75%+2,550+1.5%Added
SEI Investments Co167,766$5.28M0.00%+83,883+100.0%Added
Morgan Stanley114,045$3.59M0.00%+5,303+4.9%Added
Bank of New York Mellon Corp100,198$3.16M0.00%+7,230+7.8%Added
Lido Advisors, LLC79,981$2.52M0.01%00.0%Unchanged
Geode Capital Management, LLC57,510$1.81M0.00%−7,356−11.3%Reduced
Royal Bank of Canada51,116$1.61M0.00%+8,588+20.2%Added
MSRH, LLC45,114$1.42M1.26%00.0%Unchanged
JPMorgan Chase & Co36,304$1.17M0.00%−660−1.8%Reduced
Redhawk Wealth Advisors, Inc.34,141$1.07M0.12%−1,399−3.9%Reduced
Pecaut & Co.33,963$1.07M0.35%00.0%Unchanged
NBC Securities, Inc.30,742$968.4K0.07%−3,200−9.4%Reduced
HighTower Advisors, LLC26,516$835.2K0.00%−327−1.2%Reduced
Steward Partners Investment Advisory, LLC24,260$764.2K0.00%+108+0.4%Added
UBS Group AG20,304$639.6K0.00%−2,435−10.7%Reduced
Commonwealth Equity Services, LLC19,011$598.9K0.00%−11,830−38.4%Reduced
LPL Financial LLC18,662$587.8K0.00%−5,243−21.9%Reduced
Wells Fargo & Company17,992$566.8K0.00%+518+3.0%Added
One Charles Private Wealth Services, LLC17,263$543.8K0.14%00.0%Unchanged
Janney Montgomery Scott LLC17,100$539.0K0.00%−3,823−18.3%Reduced
Russell Investments Group, Ltd.17,077$537.9K0.00%+35+0.2%Added
Westmount Partners, LLC16,856$529.8K0.13%−4,000−19.2%Reduced
Arrowstreet Capital, Limited Partnership15,734$495.6K0.00%+1,437+10.1%Added
Essex Financial Services, Inc.13,913$438.3K0.02%−852−5.8%Reduced
Raymond James Financial Inc12,592$396.6K0.00%+902+7.7%Added
Acorn Wealth Advisors, LLC11,000$345.7K0.10%00.0%Unchanged
Verdad Advisers, LP10,303$324.5K0.37%−9,264−47.3%Reduced
Steinberganna Wealth Management9,895$311.0K0.15%+691+7.5%Added
O'Shaughnessy Asset Management, LLC8,618$271.5K0.00%−34,652−80.1%Reduced
Ameriprise Financial Inc7,844$247.1K0.00%+114+1.5%Added
Atlas Wealth Partners, LLC7,470$234.8K0.24%−388−4.9%Reduced
Inspire Advisors, LLC7,428$234.0K0.02%+7,428New
Bank of Montreal7,401$233.1K0.00%+10.0%Added
Bourgeon Capital Management LLC6,999$220.0K0.04%+6,999New
Advisor Group Holdings, Inc.4,887$153.9K0.00%−277−5.4%Reduced
MAI Capital Management4,540$143.0K0.00%+27+0.6%Added
Quent Capital, LLC3,041$97.7K0.01%−162−5.1%Reduced
Simplex Trading, LLC2,483$78.2K0.00%+2,483New
GWM Advisors LLC1,638$51.6K0.00%+5+0.3%Added
Farther Finance Advisors, LLC1,498$48.4K0.00%+7+0.5%Added
Medallion Wealth Advisors, LLC1,240$39.0K0.01%00.0%Unchanged
Mark Sheptoff Financial Planning, LLC1,000$28.1K0.01%00.0%Unchanged
Citigroup Inc829$26.1K0.00%−2,934−78.0%Reduced
Colonial Trust Advisors750$23.6K0.00%00.0%Unchanged
CWM, LLC682$21.4K0.00%+5+0.7%Added
Fifth Third Bancorp550$17.3K0.00%+550New
Cullen/Frost Bankers, Inc.500$15.8K0.00%00.0%Unchanged
Golden State Wealth Management, LLC500$15.8K0.00%00.0%Unchanged
Allworth Financial LP500$15.7K0.00%00.0%Unchanged
US Bancorp400$12.6K0.00%+400New
Godfrey Financial Associates, Inc.300$9.45K0.01%00.0%Unchanged
Beacon Investment Advisory Services, Inc.300$9.45K0.00%+300New
Bernard Wealth Management Corp.249$7.83K0.00%+2+0.8%Added
Anfield Capital Management, LLC241$7.58K0.00%+241New
Tower Research Capital LLC (TRC)202$6.36K0.00%+202New
CoreCap Advisors, LLC200$6.30K0.00%−200−50.0%Reduced
Group One Trading, L.P.145$4.57K0.00%−296−67.1%Reduced
Aventura Private Wealth, LLC128$4.03K0.00%00.0%Unchanged
Financial Perspectives, Inc100$3.15K0.00%00.0%Unchanged
WealthCollab, LLC96$3.02K0.00%−199−67.5%Reduced
GAMMA Investing LLC40$1.26K0.00%+23+135.3%Added
GHP Investment Advisors, Inc.40$1.26K0.00%00.0%Unchanged
FMR LLC37$1.17K0.00%−43−53.8%Reduced
Assetmark, Inc18$5670.00%00.0%Unchanged
Huntington National Bank1$320.00%00.0%Unchanged
Two Sigma Investments, LP0$00.00%−11,789−100.0%Sold out
Apollon Wealth Management, LLC0$00.00%−11,736−100.0%Sold out
Ritholtz Wealth Management0$00.00%−10,459−100.0%Sold out
Citadel Advisors LLC0$00.00%−7,703−100.0%Sold out
Wealth Enhancement Advisory Services, LLC0$00.00%−6,109−100.0%Sold out
Cadent Capital Advisors, LLC0$00.00%−6,112−100.0%Sold out
Gsa Capital Partners LLP0$00.00%−5,834−100.0%Sold out
Pekin Hardy Strauss, Inc.0$00.00%−5,650−100.0%Sold out
SFE Investment Counsel0$00.00%−5,540−100.0%Sold out
Barclays PLC0$00.00%−1,500−100.0%Sold out
Chung Wu Investment Group, LLC0$00.00%−1,000−100.0%Sold out
Quattro Advisors LLC0$00.00%−800−100.0%Sold out
Flagship Harbor Advisors, LLC0$00.00%−528−100.0%Sold out
Garton & Associates Financial Advisors LLC0$00.00%−414−100.0%Sold out
Camelot Portfolios, LLC0$00.00%−300−100.0%Sold out
Parallel Advisors, LLC0$00.00%−10−100.0%Sold out
Beddow Capital Management Inc––––Not filed
Comerica Bank––––Not filed