MSRH, LLC

CIK

2122489

Location

NEW YORK, NY

Portfolio Value

Small $112,879,961

Diversification

Highly concentrated

Filing Date

Global Rank

#5,080 / 8,232 ▲ 780

Top Industry

Oil & Gas E&P 80.9%

3Y Alpha vs SPY

-41.5%

Period ended 2 months ago

Filed May 11, 2026 · 34d

2 quarters · since Dec 2025

Clone Performance

Feb 2026–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

-3.8%

SPY

+9.1%

Annualised alpha

-41.5%

Max drawdown

−17.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

28 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

62.8%

+14.7 pts

Top 5

95.5%

+1.1 pts

Top 10

99.8%

+0.4 pts

HHI

4,401

Highly concentrated+978

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Energy	73.5%	$82,915,939	7
Unclassified	22.4%	$25,238,582	4
Utilities	2.2%	$2,485,106	1
Basic Materials	1.3%	$1,430,683	4
Real Estate	0.4%	$406,681	3
Financial Services	0.2%	$281,139	3
Healthcare	0.1%	$68,655	2
Consumer Cyclical	0.0%	$43,209	2
Technology	0.0%	$8,441	1
Industrials	0.0%	$1,526	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

4 positions

Ticker	Company	Δ Shares	Shares	Value
HE	Hawaiian Electric Industries Inc	+19,375	167,460	$2,485,106
PBT	Permian Basin Royalty Trust	+1,302	240,342	$5,172,159
FRMI	Fermi Inc.	+18	32	$186
CRCL	Circle Internet Group, Inc.	+5	6	$572
No positions match the current search.

Trimmed

Positions the filer reduced

5 positions

Ticker	Company	Δ Shares	Shares	Value
GBTC	Grayscale Bitcoin Trust ETF	−2,458	419,620	$22,139,151
WPM	Wheaton Precious Metals Corp.	−1,377	44	$5,764
HHH	Howard Hughes Holdings Inc.	−1,200	6,000	$379,560
TPL	Texas Pacific Land Corp	−772	149,458	$70,926,788
LB	LandBridge Co LLC	−110	93,756	$6,473,851
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
MIAX	Miami International Holdings, Inc.	7,200	$280,224
CCL	Carnival Corp Ltd.	455	$11,775
BUR	Burford Capital Ltd	76	$343
CNTN	Canton Strategic Holdings, Inc.	2	$6
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
GLIBA	GCI Liberty, Inc.	3,360	$123,883
FWONA	Liberty Media Corp	1,129	$100,910
FNV	FRANCO NEVADA Corp	471	$97,628
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

28 positions · $112,879,961 total · as of Mar 31, 2026

All sectors Basic Materials Consumer Cyclical Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TPL	Texas Pacific Land Corp Energy	Reduced	149,458	-772	$70,926,788	+64.4%	62.83%
GBTC	Grayscale Bitcoin Trust ETF	Reduced	419,620	-2,458	$22,139,151	−23.3%	19.61%
LB	LandBridge Co LLC Energy	Reduced	93,756	-110	$6,473,851	+40.8%	5.74%
PBT	Permian Basin Royalty Trust Energy	Added	240,342	+1,302	$5,172,159	+27.4%	4.58%
BTC	Grayscale Bitcoin Mini Trust ETF	Held	103,200	0	$3,094,968	−22.6%	2.74%
HE	Hawaiian Electric Industries Inc Utilities	Added	167,460	+19,375	$2,485,106	+36.4%	2.20%
MSB	Mesabi Trust Basic Materials	Held	45,114	0	$1,421,091	−18.2%	1.26%
HHH	Howard Hughes Holdings Inc. Real Estate	Reduced	6,000	-1,200	$379,560	−33.9%	0.34%
WBI	WaterBridge Infrastructure LLC Energy	Held	12,500	0	$334,875	+33.9%	0.30%
MIAX	Miami International Holdings, Inc. Financial Services	NEW	7,200	NEW	$280,224	NEW	0.25%
NVO	Novo Nordisk A S Healthcare	Held	1,868	0	$68,649	−27.8%	0.06%
CVEO	Civeo Corp Consumer Cyclical	Held	1,188	0	$31,434	+15.7%	0.03%
SEG	Seaport Entertainment Group Inc. Real Estate	Held	1,254	0	$26,935	+8.6%	0.02%
CCL	Carnival Corp Ltd. Consumer Cyclical	NEW	455	NEW	$11,775	NEW	0.01%
BKKT	Bakkt, Inc. Technology	Held	1,147	0	$8,441	−26.7%	0.01%
ARLP	Alliance Resource Partners LP Energy	Held	296	0	$8,184	+19.0%	0.01%
WPM	Wheaton Precious Metals Corp. Basic Materials	Reduced	44	-1,377	$5,764	−96.5%	0.01%
IBIT	iShares Bitcoin Trust ETF	Held	102	0	$3,918	−22.6%	0.00%
NG	Novagold Resources Inc Basic Materials	Held	400	0	$3,592	−3.6%	0.00%
TRC	Tejon Ranch Co Industrials	Held	81	0	$1,526	+19.5%	0.00%
CRCL	Circle Internet Group, Inc. Financial Services	Added	6	+5	$572	+624.1%	0.00%
SLV	iShares Silver Trust	Held	8	0	$545	+5.8%	0.00%
BUR	Burford Capital Ltd Financial Services	NEW	76	NEW	$343	NEW	0.00%
TMQ	Trilogy Metals Inc. Basic Materials	Held	66	0	$236	−16.9%	0.00%
FRMI	Fermi Inc. Real Estate	Added	32	+18	$186	+66.1%	0.00%
PAA	Plains All American Pipeline LP Energy	Held	2	0	$44	+25.7%	0.00%
ET	Energy Transfer LP Energy	Held	2	0	$38	+18.8%	0.00%
CNTN	Canton Strategic Holdings, Inc. Healthcare	NEW	2	NEW	$6	NEW	0.00%