<SEC-DOCUMENT>0001056823-26-000011.txt : 20260429
<SEC-HEADER>0001056823-26-000011.hdr.sgml : 20260429
<ACCEPTANCE-DATETIME>20260429135252
ACCESSION NUMBER:		0001056823-26-000011
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20260429
DATE AS OF CHANGE:		20260429

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MESABI TRUST
		CENTRAL INDEX KEY:			0000065172
		STANDARD INDUSTRIAL CLASSIFICATION:	MINERAL ROYALTY TRADERS [6795]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				136022277
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-34284
		FILM NUMBER:		26913726

	BUSINESS ADDRESS:	
		STREET 1:		C/O DEUTSCHE BANK TRUST COMPANY AMERICAS
		STREET 2:		1 COLUMBUS CIRCLE, 17TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		904-271-2520

	MAIL ADDRESS:	
		STREET 1:		C/O DEUTSCHE BANK TRUST COMPANY AMERICAS
		STREET 2:		1 COLUMBUS CIRCLE, 17TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HORIZON KINETICS ASSET MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001056823
		ORGANIZATION NAME:           	
		EIN:				133776334
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		470 PARK AVENUE SOUTH
		STREET 2:		4TH FLOOR SOUTH
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
		BUSINESS PHONE:		646-495-7347

	MAIL ADDRESS:	
		STREET 1:		470 PARK AVENUE SOUTH
		STREET 2:		4TH FLOOR SOUTH
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HORIZON ASSET MANAGEMENT LLC
		DATE OF NAME CHANGE:	20130813

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HORIZON ASSET MANAGEMENT INC/NY
		DATE OF NAME CHANGE:	19990319
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001056823-20-000194</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001056823</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>8</amendmentNo>
      <securitiesClassTitle>Units of Beneficial Interest</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>03/31/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0000065172</issuerCik>
        <issuerName>MESABI TRUST</issuerName>
        <issuerCusips>
          <issuerCusipNumber>590672101</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>C/O DEUTSCHE BANK TRUST COMPANY AMERICAS</com:street1>
          <com:street2>1 COLUMBUS CIRCLE, 17TH FLOOR</com:street2>
          <com:city>NEW YORK</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10019</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>HORIZON KINETICS ASSET MANAGEMENT LLC</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>3140972.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>3140972.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>3140972.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>23.9</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
      <comments>Horizon Kinetics Asset Management LLC (HKAM) is a wholly owned subsidiary of Horizon Kinetics Holding Corporation (HKHC).</comments>
    </coverPageHeaderReportingPersonDetails>
    <coverPageHeaderReportingPersonDetails>

      <reportingPersonName>Horizon Kinetics Holding Corp</reportingPersonName>
      <citizenshipOrOrganization>DE</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>3140972.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>3140972.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>3140972.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>23.9</classPercent>
      <typeOfReportingPerson>HC</typeOfReportingPerson>
      <comments>HKHC is the parent company to HKAM. HKHC may be deemed to beneficially own the 3,140,972 Shares beneficially owned by HKAM.
</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>MESABI TRUST</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>C/O DEUTSCHE BANK TRUST COMPANY AMERICAS, 1 COLUMBUS CIRCLE, 17TH FLOOR, NEW YORK, NEW YORK, 10019.</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>HKAM is a wholly owned subsidiary of HKHC.</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>470 Park Ave S, 4th Fl S, New York, NY  10016</principalBusinessOfficeOrResidenceAddress>
        <citizenship>United States</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>3,140,972 Shares</amountBeneficiallyOwned>
        <classPercent>23.9%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>3,140,972 Shares</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>3,140,972 Shares</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under &amp;#167; 240.14a-11.

</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>HORIZON KINETICS ASSET MANAGEMENT LLC</reportingPersonName>
      <signatureDetails>
        <signature>/s/Jay Kesslen</signature>
        <title>General Counsel</title>
        <date>04/29/2026</date>
      </signatureDetails>
    </signatureInformation>
    <signatureInformation>
      <reportingPersonName>Horizon Kinetics Holding Corp</reportingPersonName>
      <signatureDetails>
        <signature>/s/Jay Kesslen</signature>
        <title>General Counsel</title>
        <date>04/29/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
