Q4 2025 Holdings
Filed 2026-02-17 | 62 holdings | $422.4M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| I-80 Gold Corp(IAUX) | COM | 44955L106 | $33.4M | 22,870,369 | 7.9% |
| Spdr DOW Jones Indl Average(DIA) | UT SER 1 | 78467X109 | $25.1M | 52,218 | 5.9% |
| MGM Resorts International(MGM) | COM | 552953101 | $23.7M | 648,387 | 5.6% |
| Hudbay Minerals Inc(HBM) | COM | 443628102 | $17.2M | 868,230 | 4.1% |
| Vaneck ETF Trust(GDX) | GOLD MINERS ETF | 92189F106 | $17.1M | 199,551 | 4.1% |
| New Gold Inc CDA(NGD) | COM | 644535106 | $16.3M | 1,872,682 | 3.9% |
| Ishares Silver TR(SLV)Call | ISHARES | 46428Q109 | $15.1M | 234,000 | 3.6% |
| Nexgen Energy LTD(NXE) | COM | 65340P106 | $14.7M | 1,598,948 | 3.5% |
| Coeur MNG Inc(CDE) | COM NEW | 192108504 | $13.0M | 728,171 | 3.1% |
| Beazer Homes USA Inc(BZH) | COM NEW | 07556Q881 | $12.7M | 626,394 | 3.0% |
| I-80 Gold Corp(IAU-WU) | *W EXP 11/16/202 | 44955L155 | $12.2M | 12,999,999 | 2.9% |
| Antero Resources Corp(AR) | COM | 03674X106 | $11.6M | 335,208 | 2.7% |
| Sprott Asset Management LP(SPPP) | PHYSICAL PLATINU | 85207Q104 | $11.5M | 682,500 | 2.7% |
| Credo Technology Group Holdi(CRDO)Put | ORDINARY SHARES | G25457105 | $10.7M | 74,400 | 2.5% |
| Shoe Carnival Inc(SCVL) | COM | 824889109 | $10.5M | 619,747 | 2.5% |
| Invesco QQQ TR(QQQ)Put | UNIT SER 1 | 46090E103 | $10.1M | 16,500 | 2.4% |
| Greenfire RES LTD New(GFR) | COM SHS | 39525U107 | $10.1M | 2,113,249 | 2.4% |
| Sprott Asset Management LP(PSLV/U) | PHYSICAL SILVER | 85207K107 | $9.9M | 419,082 | 2.3% |
| Vaneck ETF Trust(GDXJ) | JUNIOR GOLD MINE | 92189F791 | $9.8M | 86,315 | 2.3% |
| Hallador Energy Company(HNRG) | COM | 40609P105 | $9.5M | 497,531 | 2.2% |
| KKR Real Estate FIN TR Inc(KREF) | COM | 48251K100 | $9.0M | 1,091,820 | 2.1% |
| Coterra Energy Inc(CTRA) | COM | 127097103 | $8.5M | 324,717 | 2.0% |
| Dakota Gold Corp(DC) | COM | 46655E100 | $8.4M | 1,480,885 | 2.0% |
| Nvidia Corporation(NVDA)Put | COM | 67066G104 | $8.0M | 43,000 | 1.9% |
| Spdr Gold TR(GLD)Call | GOLD SHS | 78463V107 | $7.9M | 20,000 | 1.9% |
| Amplify ETF TR(SILJ) | AMPLIFY JUNIOR S | 032108649 | $7.2M | 258,634 | 1.7% |
| Osisko Development Corp(ODV) | COM NEW | 68828E809 | $7.0M | 2,000,000 | 1.7% |
| Vizsla Silver Corp(VZLA) | COM NEW | 92859G608 | $6.3M | 1,143,852 | 1.5% |
| Apple Hospitality REIT Inc(APLE) | COM NEW | 03784Y200 | $5.7M | 479,576 | 1.3% |
| EOS Energy Enterprises Inc(EOSE)Put | COM CL A | 29415C101 | $5.0M | 439,800 | 1.2% |
| Acres Commercial Realty Corp(ACR) | COM NEW | 00489Q102 | $4.8M | 224,973 | 1.1% |
| Seadrill LTD(SDRL) | COM | G7997W102 | $4.3M | 124,431 | 1.0% |
| AST Spacemobile Inc(ASTS)Put | COM CL A | 00217D100 | $3.9M | 54,200 | 0.9% |
| Spdr Gold TR(GLD) | GOLD SHS | 78463V107 | $3.8M | 9,517 | 0.9% |
| TPG RE FIN TR Inc(TRTX) | COM | 87266M107 | $3.3M | 389,074 | 0.8% |
| Frequency Electrs Inc(FEIM) | COM | 358010106 | $3.1M | 57,617 | 0.7% |
| Century Casinos Inc(CNTY) | COM | 156492100 | $2.9M | 2,179,575 | 0.7% |
| Lithia Mtrs Inc(LAD) | COM | 536797103 | $2.7M | 8,172 | 0.6% |
| Lightwave Logic Inc(LWLG) | COM | 532275104 | $2.4M | 750,000 | 0.6% |
| OTG Acquisition Corp. I | ORD CL A | G6791A100 | $2.4M | 235,030 | 0.6% |
| Maui LD & Pineapple Inc(MLP) | COM | 577345101 | $2.3M | 134,419 | 0.5% |
| Sibanye Stillwater LTD(SBSW) | SPONSORED ADR | 82575P107 | $2.1M | 150,100 | 0.5% |
| Park Hotels & Resorts Inc(PK) | COM | 700517105 | $2.1M | 203,524 | 0.5% |
| Alamos Gold Inc New(AGI) | COM CL A | 011532108 | $1.9M | 48,405 | 0.4% |
| Crescent Energy Company(CRGY) | CL A COM | 44952J104 | $1.8M | 217,903 | 0.4% |
| Vaneck ETF Trust(GDX)Call | GOLD MINERS ETF | 92189F106 | $1.7M | 20,200 | 0.4% |
| Perpetua Resources Corp(PPTA) | COM | 714266103 | $1.5M | 62,033 | 0.4% |
| Mach Natural Resources LP(MNR) | COM UNIT LTD PAR | 55445L100 | $1.5M | 134,780 | 0.4% |
| Roman Dbdr Acquisition Corp | ORD SHS CL A | G7633M104 | $1.4M | 130,026 | 0.3% |
| Bath & Body Works Inc(BBWI) | COM | 070830104 | $1.2M | 59,017 | 0.3% |