Q4 2025 Holdings
Filed 2026-01-21 | 45 holdings | $409.3M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| New Gold Inc CDA(NGD) | COM | 644535106 | $30.6M | $3,517,626 | 7.5% |
| Trilogy Metals Inc New(TMQ) | COM | 89621C105 | $29.0M | $6,731,000 | 7.1% |
| Ishares Silver TR(SLV) | ISHARES | 46428Q109 | $26.1M | $405,275 | 6.4% |
| Compania de Minas Buenaventu(BVN) | SPONSORED ADR | 204448104 | $23.0M | $827,368 | 5.6% |
| Sibanye Stillwater LTD(SBSW) | SPONSORED ADR | 82575P107 | $22.4M | $1,568,525 | 5.5% |
| Maui LD & Pineapple Inc(MLP) | COM | 577345101 | $18.6M | $1,098,441 | 4.5% |
| CIA Energetica de Minas Gera(CIG) | SP ADR N-V PFD | 204409601 | $18.1M | $9,052,892 | 4.4% |
| Adeia Inc(ADEA) | COM | 00676P107 | $17.4M | $1,010,197 | 4.3% |
| Consolidated Water Co Inc(CWCO) | ORD | G23773107 | $16.9M | $479,200 | 4.1% |
| Mannkind Corp(MNKD) | COM NEW | 56400P706 | $16.8M | $2,963,175 | 4.1% |
| Spdr Gold TR(GLD) | GOLD SHS | 78463V107 | $16.0M | $40,469 | 3.9% |
| Nokia Corp(NOK) | SPONSORED ADR | 654902204 | $16.0M | $2,466,592 | 3.9% |
| Corteva Inc(CTVA) | COM | 22052L104 | $14.2M | $211,592 | 3.5% |
| Xylem Inc(XYL) | COM | 98419M100 | $11.9M | $87,610 | 2.9% |
| Freeport-Mcmoran Inc(FCX) | CL B | 35671D857 | $10.9M | $213,925 | 2.7% |
| Newmont Corp(NEM) | COM | 651639106 | $10.6M | $106,416 | 2.6% |
| Celldex Therapeutics Inc New(CLDX) | COM NEW | 15117B202 | $10.2M | $375,127 | 2.5% |
| Middlesex WTR Co(MSEX) | COM | 596680108 | $9.5M | $188,078 | 2.3% |
| Stratasys LTD(SSYS) | SHS | M85548101 | $9.4M | $1,088,150 | 2.3% |
| Novavax Inc(NVAX) | COM NEW | 670002401 | $9.3M | $1,389,065 | 2.3% |
| Waste Mgmt Inc del(WM) | COM | 94106L109 | $9.2M | $41,765 | 2.2% |
| Warner Bros Discovery Inc(WBD) | COM SER A | 934423104 | $9.0M | $311,848 | 2.2% |
| Coeur MNG Inc(CDE) | COM NEW | 192108504 | $7.5M | $422,875 | 1.8% |
| Global WTR RES Inc(GWRS) | COM | 379463102 | $6.4M | $757,706 | 1.6% |
| Barings Global Short Duratio(BGH) | COM | 06760L100 | $4.9M | $324,754 | 1.2% |
| Barings Partn Invs(MPV) | SH BEN INT | 06761A103 | $4.5M | $280,095 | 1.1% |
| Merck & Co Inc(MRK) | COM | 58933Y105 | $4.0M | $37,594 | 1.0% |
| America Movil SAB de CV(AMX) | SPON ADS RP CL B | 02390A101 | $3.9M | $188,671 | 1.0% |
| Western UN Co(WU) | COM | 959802109 | $3.3M | $353,075 | 0.8% |
| Kayne Anderson Energy Infrst(KYN) | COM | 486606106 | $3.2M | $257,725 | 0.8% |
| Enbridge Inc(ENB) | COM | 29250N105 | $2.1M | $44,251 | 0.5% |
| Hancock John PFD Income FD(HPI) | SH BEN INT | 41013W108 | $2.1M | $129,360 | 0.5% |
| Duke Energy Corp New(DUK) | COM NEW | 26441C204 | $2.1M | $17,614 | 0.5% |
| American WTR WKS Co Inc New(AWK) | COM | 030420103 | $1.6M | $11,950 | 0.4% |
| Barings Corporate Invs(MCI) | COM | 06759X107 | $1.6M | $85,435 | 0.4% |
| Corning Inc(GLW) | COM | 219350105 | $1.3M | $15,000 | 0.3% |
| Xperi Inc(XPER) | COMMON STOCK | 98423J101 | $1.3M | $219,898 | 0.3% |
| Cisco SYS Inc(CSCO) | COM | 17275R102 | $870.4K | $11,300 | 0.2% |
| Kimbell RTY Partners LP(KRP) | UNIT | 49435R102 | $797.9K | $67,850 | 0.2% |
| Pfizer Inc(PFE) | COM | 717081103 | $709.7K | $28,500 | 0.2% |
| Pitney Bowes Inc(PBI) | COM | 724479100 | $663.8K | $62,800 | 0.2% |
| Bristol-Myers Squibb Co(BMY) | COM | 110122108 | $656.7K | $12,175 | 0.2% |
| Weyerhaeuser Co MTN BE(WY) | COM NEW | 962166104 | $310.6K | $13,111 | 0.1% |
| Conagra Brands Inc(CAG) | COM | 205887102 | $236.3K | $13,650 | 0.1% |
| Assertio Holdings Inc(ASRT) | COM NEW | 04546C304 | $227.3K | $25,056 | 0.1% |