Q3 2025 Holdings
Filed 2025-10-22 | 44 holdings | $373.7M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| New Gold Inc CDA(NGD) | COM | 644535106 | $28.6M | 3,976,626 | 7.6% |
| Compania de Minas Buenaventu(BVN) | SPONSORED ADR | 204448104 | $24.4M | 1,001,508 | 6.5% |
| Maui LD & Pineapple Inc(MLP) | COM | 577345101 | $20.5M | 1,099,541 | 5.5% |
| Sibanye Stillwater LTD(SBSW) | SPONSORED ADR | 82575P107 | $20.5M | 1,819,625 | 5.5% |
| CIA Energetica de Minas Gera(CIG) | SP ADR N-V PFD | 204409601 | $19.3M | 9,127,729 | 5.2% |
| Ishares Silver TR(SLV) | ISHARES | 46428Q109 | $17.5M | 412,525 | 4.7% |
| Consolidated Water Co Inc(CWCO) | ORD | G23773107 | $17.1M | 484,725 | 4.6% |
| Adeia Inc(ADEA) | COM | 00676P107 | $16.8M | 1,001,487 | 4.5% |
| Mannkind Corp(MNKD) | COM NEW | 56400P706 | $16.0M | 2,983,975 | 4.3% |
| Spdr Gold TR(GLD) | GOLD SHS | 78463V107 | $14.6M | 41,069 | 3.9% |
| Corteva Inc(CTVA) | COM | 22052L104 | $14.4M | 213,660 | 3.9% |
| Trilogy Metals Inc New(TMQ) | COM | 89621C105 | $14.1M | 6,715,000 | 3.8% |
| Xylem Inc(XYL) | COM | 98419M100 | $13.0M | 88,232 | 3.5% |
| Novavax Inc(NVAX) | COM NEW | 670002401 | $12.1M | 1,399,065 | 3.2% |
| Nokia Corp(NOK) | SPONSORED ADR | 654902204 | $11.9M | 2,473,592 | 3.2% |
| Stratasys LTD(SSYS) | SHS | M85548101 | $10.6M | 944,350 | 2.8% |
| Celldex Therapeutics Inc New(CLDX) | COM NEW | 15117B202 | $9.7M | 375,927 | 2.6% |
| Waste Mgmt Inc del(WM) | COM | 94106L109 | $9.3M | 41,965 | 2.5% |
| Newmont Corp(NEM) | COM | 651639106 | $9.1M | 107,816 | 2.4% |
| Freeport-Mcmoran Inc(FCX) | CL B | 35671D857 | $8.5M | 215,925 | 2.3% |
| Coeur MNG Inc(CDE) | COM NEW | 192108504 | $8.2M | 436,125 | 2.2% |
| Warner Bros Discovery Inc(WBD) | COM SER A | 934423104 | $6.5M | 332,048 | 1.7% |
| Middlesex WTR Co(MSEX) | COM | 596680108 | $6.5M | 119,224 | 1.7% |
| Barings Partn Invs(MPV) | SH BEN INT | 06761A103 | $5.8M | 285,455 | 1.5% |
| Barings Global Short Duratio(BGH) | COM | 06760L100 | $5.1M | 329,932 | 1.4% |
| America Movil SAB de CV(AMX) | SPON ADS RP CL B | 02390A101 | $4.1M | 193,321 | 1.1% |
| Western UN Co(WU) | COM | 959802109 | $3.7M | 461,197 | 1.0% |
| Global WTR RES Inc(GWRS) | COM | 379463102 | $3.3M | 322,577 | 0.9% |
| Kayne Anderson Energy Infrst(KYN) | COM | 486606106 | $3.3M | 262,825 | 0.9% |
| Merck & Co Inc(MRK) | COM | 58933Y105 | $3.2M | 37,794 | 0.8% |
| Hancock John PFD Income FD(HPI) | SH BEN INT | 41013W108 | $2.3M | 131,360 | 0.6% |
| Enbridge Inc(ENB) | COM | 29250N105 | $2.2M | 44,349 | 0.6% |
| Duke Energy Corp New(DUK) | COM NEW | 26441C204 | $2.2M | 17,607 | 0.6% |
| Barings Corporate Invs(MCI) | COM | 06759X107 | $1.8M | 85,607 | 0.5% |
| Xperi Inc(XPER) | COMMON STOCK | 98423J101 | $1.6M | 239,538 | 0.4% |
| Corning Inc(GLW) | COM | 219350105 | $1.2M | 15,000 | 0.3% |
| Pfizer Inc(PFE) | COM | 717081103 | $1.1M | 44,100 | 0.3% |
| Kimbell RTY Partners LP(KRP) | UNIT | 49435R102 | $915.3K | 67,850 | 0.2% |
| Cisco SYS Inc(CSCO) | COM | 17275R102 | $776.6K | 11,350 | 0.2% |
| Bristol-Myers Squibb Co(BMY) | COM | 110122108 | $774.6K | 17,175 | 0.2% |
| Pitney Bowes Inc(PBI) | COM | 724479100 | $716.5K | 62,800 | 0.2% |
| Weyerhaeuser Co MTN BE(WY) | COM NEW | 962166104 | $325.0K | 13,111 | 0.1% |
| Assertio Holdings Inc | COM NEW | 04546C205 | $279.1K | 316,875 | 0.1% |
| Conagra Brands Inc(CAG) | COM | 205887102 | $187.7K | 10,250 | 0.1% |