Q2 2025 Holdings
Filed 2025-07-16 | 98 holdings | $2.3B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Newmont Corp(NEM) | COM | 651639106 | $291.3M | 4,999,932 | 12.9% |
| Smurfit Westrock PLC(SW) | SHS | G8267P108 | $196.1M | 4,544,710 | 8.7% |
| Barrick Gold Corp(ABX) | COM | 067901108 | $191.9M | 9,216,104 | 8.5% |
| Amazon COM Inc(AMZN) | COM | 023135106 | $160.3M | 730,465 | 7.1% |
| Bank America Corp(BAC) | COM | 060505104 | $136.5M | 2,883,749 | 6.0% |
| Citigroup Inc(C) | COM NEW | 172967424 | $80.7M | 948,652 | 3.6% |
| BP PLC(BP) | SPONSORED ADR | 055622104 | $68.7M | 2,294,330 | 3.0% |
| Alphabet Inc(GOOGL) | CAP STK CL A | 02079K305 | $59.4M | 336,846 | 2.6% |
| Ryanair Holdings PLC(RYAAY) | SPONSORED ADS | 783513203 | $53.7M | 931,799 | 2.4% |
| Anglogold Ashanti PLC(AU) | COM SHS | G0378L100 | $52.3M | 1,146,968 | 2.3% |
| Centerra Gold Inc(CGAU) | COM | 152006102 | $51.6M | 7,153,309 | 2.3% |
| Equinox Gold Corp(EQX) | COM | 29446Y502 | $43.3M | 7,499,601 | 1.9% |
| Alibaba Group Hldg LTD(BABA) | SPONSORED ADS | 01609W102 | $38.9M | 342,672 | 1.7% |
| Aris MNG Corp(ARIS) | COM | 04040Y109 | $35.3M | 5,239,248 | 1.6% |
| Suncor Energy Inc New(SU) | COM | 867224107 | $34.8M | 929,257 | 1.5% |
| Pfizer Inc(PFE) | COM | 717081103 | $33.9M | 1,399,513 | 1.5% |
| Iqvia Hldgs Inc(IQV) | COM | 46266C105 | $32.8M | 207,887 | 1.4% |
| Coeur MNG Inc(CDE) | COM NEW | 192108504 | $32.3M | 3,644,401 | 1.4% |
| Exxon Mobil Corp(XOM) | COM | 30231G102 | $29.8M | 276,717 | 1.3% |
| Taiwan Semiconductor MFG LTD(TSM) | SPONSORED ADS | 874039100 | $29.6M | 130,711 | 1.3% |
| Alcon AG(ALC) | ORD SHS | H01301128 | $27.3M | 308,649 | 1.2% |
| PAN Amern Silver Corp(PAAS) | COM | 697900108 | $25.9M | 913,329 | 1.1% |
| PNC Finl Svcs Group Inc(PNC) | COM | 693475105 | $24.3M | 130,619 | 1.1% |
| Galiano Gold Inc(GAU) | COM | 36352H100 | $24.1M | 18,943,252 | 1.1% |
| Skeena RES LTD New(SKE) | COM | 83056P715 | $24.1M | 1,511,655 | 1.1% |
| GE Aerospace(GE) | COM NEW | 369604301 | $23.7M | 92,175 | 1.0% |
| Eldorado Gold Corp New(EGO) | COM | 284902509 | $22.2M | 1,093,553 | 1.0% |
| Cheesecake Factory Inc(CAKE) | COM | 163072101 | $18.6M | 297,629 | 0.8% |
| Cooper COS Inc(COO) | COM | 216648501 | $17.6M | 247,662 | 0.8% |
| Philip Morris Intl Inc(PM) | COM | 718172109 | $17.1M | 94,109 | 0.8% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $17.0M | 189,484 | 0.8% |
| Kinross Gold Corp(KGC) | COM NO PAR | 496902404 | $14.7M | 940,837 | 0.7% |
| FOX Corp(FOXA) | CL A COM | 35137L105 | $12.9M | 230,258 | 0.6% |
| Arrow Electrs Inc(ARW) | COM | 042735100 | $12.3M | 96,253 | 0.5% |
| B2gold Corp(BTG) | COM | 11777Q209 | $12.3M | 3,395,988 | 0.5% |
| Interpublic Group COS Inc(IPG) | COM | 460690100 | $12.2M | 497,484 | 0.5% |
| TD Synnex Corporation(SNX) | COM | 87162W100 | $11.7M | 85,976 | 0.5% |
| Allied Gold Corp(AAUC) | COM NEW | 01921D204 | $10.7M | 793,940 | 0.5% |
| GEN Digital Inc(GEN) | COM | 668771108 | $10.5M | 357,900 | 0.5% |
| Pilgrims Pride Corp(PPC) | COM | 72147K108 | $10.2M | 226,137 | 0.5% |
| Ovintiv Inc(OVV) | COM | 69047Q102 | $9.7M | 256,076 | 0.4% |
| Hewlett Packard Enterprise C(HPE) | COM | 42824C109 | $9.0M | 440,760 | 0.4% |
| Championx Corporation(APY1EUR) | COM | 15872M104 | $8.9M | 359,032 | 0.4% |
| Match Group Inc New(MTCH) | COM | 57667L107 | $8.8M | 285,867 | 0.4% |
| Molson Coors Beverage Co(TAP) | CL B | 60871R209 | $8.8M | 183,014 | 0.4% |
| Noble Corp PLC(NE) | ORD SHS A | G65431127 | $7.6M | 285,719 | 0.3% |
| Maximus Inc(MMS) | COM | 577933104 | $7.3M | 104,359 | 0.3% |
| Merck & Co Inc(MRK) | COM | 58933Y105 | $7.2M | 90,932 | 0.3% |
| Borgwarner Inc(BWA) | COM | 099724106 | $7.1M | 213,507 | 0.3% |
| Block H & R Inc(HRB) | COM | 093671105 | $6.9M | 125,597 | 0.3% |