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  <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>6</amendmentNo>
      <securitiesClassTitle>CTF Beneficial Interest</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2024</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0000065172</issuerCik>
        <issuerName>MESABI TRUST</issuerName>
        <issuerCusip>590672101</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>P O BOX 318 CHURCH ST STATION</com:street1>
          <com:city>NEW YORK</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10008-0318</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>2843010.00</soleVotingPower>
        <soleDispositivePower>2843010.00</soleDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>2843010.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <classPercent>21.7</classPercent>
      <typeOfReportingPerson>IA</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>MESABI TRUST</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>P O BOX 318 CHURCH ST STATION, NEW YORK, NEW YORK, 10008-0318.</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Horizon Kinetics Asset Management LLC</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>470 Park Ave S, 8th Fl S
New York, NY  10016</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Delaware</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>IA</typeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>2,843,010</amountBeneficiallyOwned>
        <classPercent>21.7</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>2,843,010</solePowerOrDirectToVote>
          <solePowerOrDirectToDispose>2,843,010</solePowerOrDirectToDispose>
        </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>02/13/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
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