# SANTA MONICA PARTNERS LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 904793. Source: https://holderbook.com/funds/904793-santa-monica-partners-lp/

- Reported value: $185.4M
- Positions: 13
- Weight of the ten largest: 99.2%
- Filed: 2026-08-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| TEXAS PAC LD TR | [TPL](https://holderbook.com/stocks/TPL/) | $70.9M | 161,973 | 38.2% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $52.5M | 102,170 | 28.3% | 31 |
| BEL FUSE INC | [BELFB](https://holderbook.com/stocks/BELFB/) | $22.5M | 67,634 | 12.1% | 31 |
| GARMIN LTD | [GRMN](https://holderbook.com/stocks/GRMN/) | $9.7M | 40,755 | 5.2% | 31 |
| BALCHEM CORP | [BCPC](https://holderbook.com/stocks/BCPC/) | $8.6M | 51,100 | 4.7% | 31 |
| BEL FUSE INC | [BELFA](https://holderbook.com/stocks/BELFA/) | $6.8M | 23,434 | 3.7% | 31 |
| BROADRIDGE FINL SOLUTIONS IN | [BR](https://holderbook.com/stocks/BR/) | $5.6M | 40,793 | 3.0% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $3.0M | 4 | 1.6% | 31 |
| Grayscale Bitcoin Trust ETF | - | $3.0M | 64,932 | 1.6% | 7 |
| LANDBRIDGE COMPANY LLC | [LB](https://holderbook.com/stocks/LB/) | $1.4M | 18,000 | 0.8% | 6 |
| METROPOLITAN BK HLDG CORP | [MCB](https://holderbook.com/stocks/MCB/) | $771.0K | 7,811 | 0.4% | 31 |
| GRAYSCALE BITCOIN MINI TR BT | [BTCXXXX](https://holderbook.com/stocks/BTCXXXX/) | $337.0K | 12,986 | 0.2% | 7 |
| BROOKFIELD WEALTH SOL LTD | [BNT](https://holderbook.com/stocks/BNT/) | $294.0K | 6,904 | 0.2% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2026 | -3.4% | -4.6% | +1.2% | 69% |
| Q4 2025 | +0.8% | +2.4% | -1.6% | 67% |
| Q3 2025 | +4.1% | +7.8% | -3.7% | 63% |
| Q1 2025 | +2.9% | -4.6% | +7.5% | 65% |
| Q4 2024 | +1.6% | +2.1% | -0.6% | 72% |
| Q3 2024 | +11.5% | +5.4% | +6.1% | 73% |
| Q2 2024 | -3.2% | +4.0% | -7.2% | 78% |
| Q1 2024 | +6.7% | +10.0% | -3.3% | 79% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $185.4M | 13 |
| Q1 2026 | $179.1M | 13 |
| Q4 2025 | $164.9M | 13 |
| Q3 2025 | $170.4M | 13 |
| Q2 2025 | $171.5M | 13 |
| Q1 2025 | $182.5M | 13 |
| Q4 2024 | $185.2M | 17 |
| Q3 2024 | $169.8M | 17 |
| Q2 2024 | $148.9M | 16 |
| Q1 2024 | $144.6M | 16 |
| Q4 2023 | $135.2M | 16 |
| Q3 2023 | $129.5M | 17 |