Q1 2025 Holdings
Filed 2025-05-09 | 94 holdings | $2.6B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Newmont Corp(NEM) | COM | 651639106 | $318.5M | 6,596,949 | 12.3% |
| Amazon COM Inc(AMZN) | COM | 023135106 | $248.5M | 1,305,979 | 9.6% |
| Citigroup Inc(C) | COM NEW | 172967424 | $233.3M | 3,286,401 | 9.0% |
| Barrick Gold Corp(ABX) | COM | 067901108 | $202.7M | 10,426,795 | 7.8% |
| Alibaba Group Hldg LTD(BABA) | SPONSORED ADS | 01609W102 | $160.1M | 1,210,409 | 6.2% |
| Bank America Corp(BAC) | COM | 060505104 | $92.4M | 2,214,789 | 3.6% |
| BP PLC(BP) | SPONSORED ADR | 055622104 | $82.4M | 2,439,040 | 3.2% |
| The Cigna Group(CI) | COM | 125523100 | $63.2M | 192,000 | 2.4% |
| Ryanair Holdings PLC(RYAAY) | SPONSORED ADS | 783513203 | $56.0M | 1,322,779 | 2.2% |
| Pfizer Inc(PFE) | COM | 717081103 | $55.6M | 2,192,298 | 2.1% |
| Deere & Co(DE) | COM | 244199105 | $52.8M | 112,511 | 2.0% |
| Archer Daniels Midland Co(ADM) | COM | 039483102 | $48.4M | 1,008,738 | 1.9% |
| Kinross Gold Corp(KGC) | COM NO PAR | 496902404 | $45.6M | 3,613,816 | 1.8% |
| Taiwan Semiconductor MFG LTD(TSM) | SPONSORED ADS | 874039100 | $45.3M | 272,911 | 1.7% |
| Centerra Gold Inc(CGAU) | COM | 152006102 | $45.0M | 7,089,239 | 1.7% |
| United States STL Corp New(USX1) | COM | 912909108 | $44.2M | 1,046,043 | 1.7% |
| Corteva Inc(CTVA) | COM | 22052L104 | $39.6M | 629,548 | 1.5% |
| Suncor Energy Inc New(SU) | COM | 867224107 | $37.7M | 973,447 | 1.5% |
| Nutrien LTD(NTR) | COM | 67077M108 | $37.4M | 753,298 | 1.4% |
| Mosaic Co New(MOS) | COM | 61945C103 | $37.3M | 1,381,628 | 1.4% |
| CF Inds Hldgs Inc(CF) | COM | 125269100 | $35.5M | 454,018 | 1.4% |
| Exxon Mobil Corp(XOM) | COM | 30231G102 | $29.2M | 245,930 | 1.1% |
| Aris MNG Corp(ARIS) | COM | 04040Y109 | $26.2M | 5,666,748 | 1.0% |
| PAN Amern Silver Corp(PAAS) | COM | 697900108 | $25.3M | 980,044 | 1.0% |
| Galiano Gold Inc(GAU) | COM | 36352H100 | $23.3M | 18,943,252 | 0.9% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $22.5M | 289,744 | 0.9% |
| Costar Group Inc(CSGP) | COM | 22160N109 | $21.4M | 270,412 | 0.8% |
| GE Aerospace(GE) | COM NEW | 369604301 | $19.9M | 99,615 | 0.8% |
| Coeur MNG Inc(CDE) | COM NEW | 192108504 | $17.7M | 2,985,354 | 0.7% |
| Philip Morris Intl Inc(PM) | COM | 718172109 | $17.5M | 109,997 | 0.7% |
| Eldorado Gold Corp New(EGO) | COM | 284902509 | $16.7M | 992,097 | 0.6% |
| Agnc Invt Corp(AGNC) | COM | 00123Q104 | $16.1M | 1,685,570 | 0.6% |
| Skeena RES LTD New(SKE) | COM | 83056P715 | $15.5M | 1,534,883 | 0.6% |
| PNC Finl Svcs Group Inc(PNC) | COM | 693475105 | $15.4M | 87,537 | 0.6% |
| Cheesecake Factory Inc(CAKE) | COM | 163072101 | $15.2M | 313,046 | 0.6% |
| FOX Corp(FOXA) | CL A COM | 35137L105 | $15.0M | 264,235 | 0.6% |
| B2gold Corp(BTG) | COM | 11777Q209 | $13.3M | 4,663,540 | 0.5% |
| Coty Inc(COTY) | COM CL A | 222070203 | $13.2M | 2,405,843 | 0.5% |
| Fidelity Natl Information SV(FIS) | COM | 31620M106 | $12.5M | 167,077 | 0.5% |
| Pilgrims Pride Corp(PPC) | COM | 72147K108 | $12.4M | 228,365 | 0.5% |
| Equinox Gold Corp(EQX) | COM | 29446Y502 | $12.2M | 1,776,730 | 0.5% |
| New Gold Inc CDA(NGD) | COM | 644535106 | $11.9M | 3,203,070 | 0.5% |
| Molson Coors Beverage Co(TAP) | CL B | 60871R209 | $11.5M | 188,711 | 0.4% |
| TD Synnex Corporation(SNX) | COM | 87162W100 | $10.4M | 100,345 | 0.4% |
| Berkshire Hathaway Inc del(BRK/B) | CL B NEW | 084670702 | $10.4M | 19,480 | 0.4% |
| Hewlett Packard Enterprise C(HPE) | COM | 42824C109 | $10.3M | 665,491 | 0.4% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $9.9M | 90,897 | 0.4% |
| Cheniere Energy Inc(LNG) | COM NEW | 16411R208 | $9.7M | 41,799 | 0.4% |
| Maximus Inc(MMS) | COM | 577933104 | $9.7M | 141,566 | 0.4% |
| Sandstorm Gold LTD(AYS1) | COM NEW | 80013R206 | $8.3M | 1,102,950 | 0.3% |