MSBNYSEMineral Royalty TradersFiscal year ends January 31
MESABI TRUST
Financials through Q2 FY2026, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 11, 2026
$19.19+1.31 (+7.33%)
Close on Oct 19, 2026
- Market cap
- $251.77M
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
50.3%
7M of 13M shares
Institutional holders
62
6 new, 14 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Valueworks LLC | 685,846 | 5.23% | 13G (passive) amendment | Jun 30, 2025 |
| Horizon Kinetics Asset Management LLC | 3,140,972 | 23.90% | 13G (passive) amendment | Mar 31, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of MSB | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Horizon Kinetics Asset Management LLC | 3,219,382 | 24.54% | $81.45M | +78,410 | 0.92% |
| Valueworks LLC | 669,733 | 5.10% | $16.94M | +23,151 | 3.54% |
| CWA Asset Management Group, LLC | 518,974 | 3.96% | $13.13M | +71,489 | 0.40% |
| First Manhattan Co. LLC. | 396,373 | 3.02% | $10.03M | +86,313 | 0.03% |
| Mad River Investors | 323,735 | 2.47% | $8.19M | +2,189 | 3.05% |
| Advisory Services Network, LLC | 185,669 | 1.42% | $4.70M | +1,040 | 0.05% |
| Moors & Cabot, Inc. | 178,289 | 1.36% | $4.51M | −2,656 | 0.18% |
| EagleClaw Capital Managment, LLC | 170,575 | 1.30% | $4.32M | +800 | 0.58% |
| Morgan Stanley | 113,293 | 0.86% | $2.87M | −752 | 0.00% |
| Bank of New York Mellon Corp | 101,464 | 0.77% | $2.57M | +1,266 | 0.00% |
| Sei Investments Co | 83,883 | 0.64% | $2.12M | −83,883 | 0.00% |
| Lido Advisors, LLC | 79,982 | 0.61% | $2.02M | +1 | 0.01% |
| Geode Capital Management, LLC | 59,649 | 0.45% | $1.51M | +2,139 | 0.00% |
| Royal Bank of Canada | 54,825 | 0.42% | $1.39M | +3,709 | 0.00% |
| Bank Of America Corp /De/ | 44,658 | 0.34% | $1.13M | −133,223 | 0.00% |
| JPMorgan Chase & Co | 36,572 | 0.28% | $873.34K | +268 | 0.00% |
| Pecaut & Co. | 33,963 | 0.26% | $859.26K | – | 0.26% |
| Nbc Securities, Inc. | 30,742 | 0.23% | $777.77K | – | 0.05% |
| HighTower Advisors, LLC | 25,616 | 0.20% | $648.08K | −900 | 0.00% |
| Steward Partners Investment Advisory, LLC | 24,638 | 0.19% | $623.34K | +378 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 62 | 7M | 50.3% | 6 / 21 | 16 / 14 | 0M | 0M |
| Q1 2026 | 73 | 7M | 50.9% | 9 / 23 | 23 / 17 | 1M | 0M |
| Q4 2025 | 83 | 6M | 49.2% | 19 / 28 | 20 / 7 | 0M | 0M |
| Q3 2025 | 71 | 6M | 47.0% | 15 / 26 | 14 / 8 | 0M | 0M |
| Q2 2025 | 64 | 6M | 45.6% | 11 / 21 | 17 / 11 | 0M | 0M |
| Q1 2025 | 64 | 6M | 44.0% | 11 / 29 | 10 / 8 | 0M | 1M |
| Q4 2024 | 61 | 6M | 46.3% | 17 / 20 | 13 / 2 | 1M | 0M |
| Q3 2024 | 47 | 6M | 42.8% | 5 / 19 | 11 / 4 | 0M | 0M |
| Q2 2024 | 47 | 6M | 42.0% | 5 / 18 | 14 / 8 | 0M | 0M |
| Q1 2024 | 50 | 6M | 42.6% | 5 / 18 | 13 / 6 | 0M | 0M |
| Q4 2023 | 51 | 6M | 43.3% | 10 / 14 | 15 / 5 | 0M | 0M |
| Q3 2023 | 46 | 5M | 41.6% | 6 / 14 | 13 / 4 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of MSB | Value | % of fund | As of |
|---|---|---|---|---|---|
| Horizon Kinetics Inflation Beneficiaries ETF | 393,971 | 3.00% | $9.97M | 0.68% | Jun 30, 2026 |
| 1290 VT Small Cap Value Portfolio | 170,184 | 1.30% | $4.31M | 0.91% | Jun 30, 2026 |
| WisdomTree U.S. SmallCap Dividend Fund | 71,068 | 0.54% | $1.80M | 0.08% | Jun 30, 2026 |
| Kinetics Small Cap Opportunities Portfolio | 50,200 | 0.38% | $1.27M | 0.24% | Jun 30, 2026 |
| Fidelity Small-Mid Multifactor ETF | 44,641 | 0.34% | $981.66K | 0.04% | Jul 31, 2026 |
| Kinetics Paradigm Portfolio | 41,800 | 0.32% | $1.06M | 0.09% | Jun 30, 2026 |
| Kinetics Market Opportunities Portfolio | 41,482 | 0.32% | $1.05M | 0.35% | Jun 30, 2026 |
| Kinetics Internet Portfolio | 37,900 | 0.29% | $958.87K | 0.39% | Jun 30, 2026 |
| Kinetics Global Portfolio | 20,918 | 0.16% | $529.23K | 1.05% | Jun 30, 2026 |
| WisdomTree U.S. SmallCap Fund | 20,514 | 0.16% | $519.00K | 0.07% | Jun 30, 2026 |
| WisdomTree U.S. High Dividend Fund | 9,881 | 0.08% | $249.99K | 0.02% | Jun 30, 2026 |
| Fidelity ZERO Total Market Index Fund | 7,121 | 0.05% | $156.59K | 0.00% | Jul 31, 2026 |
| Fidelity ZERO Extended Market Index Fund | 5,080 | 0.04% | $111.71K | 0.00% | Jul 31, 2026 |
| Fidelity Flex Small Cap Index Fund | 2,006 | 0.02% | $44.11K | 0.01% | Jul 31, 2026 |
| VIP Extended Market Index Portfolio | 1,184 | 0.01% | $29.96K | 0.00% | Jun 30, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Robin M. Radke – | Jun 11, 2019 | Buy | +498 | $29.50 | $14.69K | 595 |
| Robin M. Radke – | May 20, 2019 | Small purchase | +2.81 | $29.89 | $84 | 97 |
| Robin M. Radke – | Feb 20, 2019 | Small purchase | +4.33 | $28.87 | $125 | 94 |
| James A. Ehrenberg – | Oct 28, 2008 | Buy | +500 | $11.57 | $5.79K | 3,000 |
| James A. Ehrenberg – | Oct 24, 2008 | Buy | +500 | $13.27 | $6.64K | 2,500 |
| James A. Ehrenberg – | Oct 20, 2008 | Buy | +500 | $15.94 | $7.97K | 2,000 |
| James A. Ehrenberg – | Jul 30, 2007 | Buy | +300 | $19.19 | $5.76K | 1,500 |
| James A. Ehrenberg – | Jul 30, 2007 | Buy | +700 | $19.20 | $13.44K | 1,200 |
| James A. Ehrenberg – | May 24, 2006 | Buy | +300 | $18.19 | $5.46K | 500 |
| James A. Ehrenberg – | Apr 25, 2006 | Buy | +200 | $22.79 | $4.56K | 200 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.