Mesabi Tr (MSB): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Mesabi Tr (MSB) following the 2026 Q1 hedge fund 13F filings?

As of today, MSB has moved -17.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of -18.6%. Since the quarter end (March 31, 2026), MSB gained -23.0% vs +14.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Mesabi Tr (MSB)

73 + Investors. Track Smart Money conviction in MSB. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — MSB

Based on 73 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds reduced or closed their MSB positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

📊

High ownership — 90% of 3.0Y peak

90% of all-time peak

73 funds currently hold this stock — 90% of the 3.0-year high of 81 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

📶

Steady growth — +14% more funds vs a year ago

fund count last 6Q

+9 new funds entered over the past year (+14% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.

🟠

More sellers than buyers — 45% buying

34 buying42 selling

Last quarter: 42 funds reduced or exited vs 34 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

⚠️

Fewer new buyers each quarter (-8 vs last Q)

new funds entering per quarter

Funds opening this position for the first time: 10 → 15 → 19 → 11. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.

🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 25% medium ■ 18% new

42 out of 73 hedge funds have held MSB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💎

Buying through price weakness — shares +4%, value -14%

Value

-14%

+3%

Last quarter: funds added +4% more shares while total portfolio value only changed -14%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

📈

Growing discovery — still being found

12 → 10 → 15 → 19 → 11 new funds/Q

New funds entering each quarter: 10 → 15 → 19 → 11. A growing number of institutions are discovering MSB each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🏛️

Veteran-anchored — 66% veterans vs 22% newcomers

■ 66% veterans ■ 12% 1-2yr ■ 22% new

Entry-cohort mix of 73 holders: 48 (66%) are 2+ year veterans, 9 entered 1–2 years ago, and 16 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.

📋

Smaller funds dominant — 9% AUM from top-100

9% from top-100 AUM funds

14 of 71 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

3.6

out of 10

Low Exit Risk

Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	73	81	-9.88%
13F Shares	7M	6M	3.8%
Total Value	$210M	$246M	-14.47%
New Positions	11	19	-8
Increased Positions	23	30	-7
Closed Positions	19	7	+12
Reduced Positions	23	19	+4
Total Calls	1	1	-
Total Puts	1	1	-
PUT/CALL Ratio	1.0	1.0	Neutral

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

-9.88%

13F Shares

3.8%

Total Value

$210M

$246M

-14.47%

New Positions

-8

Increased Positions

-7

Closed Positions

+12

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

1.0

Neutral

Institutional Holders (2026 Q1)

73 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in MSB. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 MSB holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Valueworks LLC	5.55%	646,582	$20.4M
2	Mad River Investors	3.65%	321,546	$10.1M
3	Msrh, LLC	1.94%	45,114	$1.7M
4	Horizon Kinetics Asset Management LLC	1.07%	3,140,972	$98.9M
5	EagleClaw Capital Managment, LLC	0.75%	169,775	$5.3M
6	CWA Asset Management Group, LLC	0.48%	447,485	$14.1M
7	Verdad Advisers, LP	0.37%	10,303	$325K
8	Pecaut & CO.	0.35%	33,963	$1.1M
9	Moors & Cabot, Inc.	0.24%	180,945	$5.7M
10	Atlas Wealth Partners, LLC	0.24%	7,470	$235K
11	Steinberganna Wealth Management	0.15%	9,895	$311K
12	One Charles Private Wealth Services, LLC	0.14%	17,263	$544K
13	Westmount Partners, LLC	0.13%	16,856	$530K
14	Redhawk Wealth Advisors, Inc.	0.12%	34,141	$1.1M
15	Acorn Wealth Advisors, LLC	0.10%	11,000	$346K
16	Advisory Services Network, LLC	0.08%	184,629	$5.8M
17	Nbc Securities, INC.	0.07%	30,742	$968K
18	Bourgeon Capital Management LLC	0.04%	6,999	$220K
19	First Manhattan CO. LLC.	0.03%	310,060	$9.8M
20	Essex Financial Services, Inc.	0.02%	13,913	$438K
21	Inspire Advisors, LLC	0.02%	7,428	$234K
22	Medallion Wealth Advisors, LLC	0.02%	1,240	$34K
23	Mark Sheptoff Financial Planning, LLC	0.01%	1,000	$28K
24	Godfrey Financial Associates, Inc.	0.01%	300	$9K
25	Lido Advisors, LLC	0.01%	79,981	$2.5M

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Mesabi Tr (MSB)

What does the Smart Money Trend signal show for MSB?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their MSB positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for MSB?

More sellers than buyers — 45% buying: Last quarter: 42 funds reduced or exited vs 34 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for MSB holders?

Smaller funds dominant — 9% AUM from top-100: 14 of 71 holders rank in the top 100 by AUM, but together hold only 9% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held MSB?

58% of holders stayed for 2+ years: 42 out of 73 hedge funds have held MSB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Mesabi Tr (MSB) following the 2026 Q1 hedge fund 13F filings?

As of today, MSB has moved -17.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.1% for the SPY sector ETF — an outperformance of -18.6%. Since the quarter end (March 31, 2026), MSB has gained -23.0% vs +14.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Mesabi Tr (MSB)

Smart Money Signals — MSB

Selling streak — 1 quarter in a row

High ownership — 90% of 3.0Y peak

Steady growth — +14% more funds vs a year ago

More sellers than buyers — 45% buying

Fewer new buyers each quarter (-8 vs last Q)

58% of holders stayed for 2+ years

Buying through price weakness — shares +4%, value -14%

Growing discovery — still being found

Veteran-anchored — 66% veterans vs 22% newcomers

Smaller funds dominant — 9% AUM from top-100

Institutional Sentiment Summary — MSB

Hedge Fund Ownership: MSB

Market Analysis: MSB

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: MSB

Is It Too Late to Buy Mesabi Tr (MSB) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: MSB

Statistics: MSB

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Mesabi Tr (MSB)

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