Q1 2025 Holdings
Filed 2025-05-14 | 195 holdings | $1.8B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Spdr S&P 500 ETF TRPut | PUT | 78462F953 | $116.8M | 224,500 | 6.3% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $116.3M | 1,073,416 | 6.3% |
| Sprott Focus TR Inc(FUND) | COM | 85208J109 | $110.7M | 14,932,818 | 6.0% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $78.9M | 1,014,954 | 4.3% |
| PAN Amern Silver Corp(PAAS) | COM | 697900108 | $76.2M | 2,948,457 | 4.1% |
| Sprott Inc(SII) | COM NEW | 852066208 | $71.1M | 1,584,688 | 3.9% |
| Osisko Gold Royalties LTD(OREUR) | COM | 68827L101 | $68.4M | 3,240,773 | 3.7% |
| Coeur MNG Inc(CDE) | COM NEW | 192108504 | $67.0M | 11,324,856 | 3.6% |
| Alamos Gold Inc New(AGI) | COM CL A | 011532108 | $59.5M | 2,226,069 | 3.2% |
| Vizsla Silver Corp(VZLA) | COM NEW | 92859G608 | $54.1M | 23,703,712 | 2.9% |
| Sprott Physical Gold TR(PHYS/U) | UNIT | 85207H104 | $47.8M | 1,988,236 | 2.6% |
| Sandstorm Gold LTD(AYS1) | COM NEW | 80013R206 | $39.9M | 5,281,973 | 2.2% |
| Iamgold Corp(IAG) | COM | 450913108 | $37.2M | 5,952,037 | 2.0% |
| Franco NEV Corp(FNV) | COM | 351858105 | $37.2M | 235,998 | 2.0% |
| Kinross Gold Corp(KGC) | COM | 496902404 | $37.0M | 2,932,567 | 2.0% |
| Perpetua Resources Corp(PPTA) | COM | 714266103 | $36.3M | 3,395,395 | 2.0% |
| MAG Silver Corp(MQ8) | COM | 55903Q104 | $34.9M | 2,289,923 | 1.9% |
| First Majestic Silver Corp(AG) | COM | 32076V103 | $30.9M | 4,612,904 | 1.7% |
| Equinox Gold Corp(EQX) | COM | 29446Y502 | $30.6M | 4,445,158 | 1.7% |
| Exxon Mobil Corp(XOM) | COM | 30231G102 | $27.9M | 234,950 | 1.5% |
| Newmont Corp(NEM) | COM | 651639106 | $26.1M | 539,978 | 1.4% |
| Spdr SER TR(BIL) | BLOOMBERG 1-3 MO | 78468R663 | $25.6M | 278,654 | 1.4% |
| Nucor Corp(NUE) | COM | 670346105 | $23.9M | 198,665 | 1.3% |
| Federated Hermes Inc(FHI) | CL B | 314211103 | $23.1M | 567,135 | 1.3% |
| Sprott Physical Silver TR(PSLV/U) | TR UNIT | 85207K107 | $22.2M | 1,914,733 | 1.2% |
| Berkshire Hathaway Inc del(BRK/B) | CL B NEW | 084670702 | $22.2M | 41,646 | 1.2% |
| Sprott Physical Gold & Silve(CEF/U) | TR UNIT | 85208R101 | $19.5M | 687,467 | 1.1% |
| Ishares TRCall | CALL | 464287900 | $18.1M | 192,100 | 1.0% |
| Helmerich & Payne Inc(HP) | COM | 423452101 | $17.9M | 684,273 | 1.0% |
| CF Inds Hldgs Inc(CF) | COM | 125269100 | $15.5M | 198,305 | 0.8% |
| Triple Flag Precious Metal(TFPM) | COM | 89679M104 | $15.1M | 787,094 | 0.8% |
| Eldorado Gold Corp New(EGO) | COM | 284902509 | $14.5M | 861,647 | 0.8% |
| Artisan Partners Asset Mgmt(APAM) | CL A | 04316A108 | $14.5M | 369,595 | 0.8% |
| International Tower Hill MIN(THM) | COM | 46050R102 | $13.8M | 21,614,267 | 0.7% |
| MAC Copper Limited | ORD SHS | G60409110 | $12.1M | 1,269,599 | 0.7% |
| Reliance Inc(RS) | COM | 759509102 | $12.0M | 41,560 | 0.7% |
| CAL Maine Foods Inc(CALM) | COM NEW | 128030202 | $12.0M | 131,800 | 0.6% |
| Steel Dynamics Inc(STLD) | COM | 858119100 | $11.7M | 93,700 | 0.6% |
| Hecla MNG Co(HL) | COM | 422704106 | $11.7M | 2,107,582 | 0.6% |
| I-80 Gold Corp(IAUX) | COM | 44955L106 | $11.6M | 19,700,922 | 0.6% |
| Ishares Silver TRCall | CALL | 46428Q909 | $11.3M | 404,000 | 0.6% |
| Anglogold Ashanti PLC(AU) | COM SHS | G0378L100 | $11.3M | 303,509 | 0.6% |
| Texas Pacific Land Corporati(TPL) | COM | 88262P102 | $10.9M | 8,261 | 0.6% |
| Skeena RES LTD New(SKE) | COM | 83056P715 | $10.9M | 1,076,366 | 0.6% |
| Royal Gold Inc(RGLD) | COM | 780287108 | $10.8M | 65,833 | 0.6% |
| Cirrus Logic Inc(CRUS) | COM | 172755100 | $9.5M | 94,840 | 0.5% |
| Solaris RES Inc(SLSR) | COM NEW | 83419D201 | $9.4M | 2,782,579 | 0.5% |
| Endeavour Silver Corp(EXK) | COM | 29258Y103 | $9.3M | 2,171,492 | 0.5% |
| Buckle Inc(BKE) | COM | 118440106 | $9.2M | 240,000 | 0.5% |
| ERO Copper Corp(ERO) | COM | 296006109 | $9.1M | 748,185 | 0.5% |