Q2 2025 Holdings
Filed 2025-08-11 | 208 holdings | $2.1B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $114.0M | 957,453 | 5.4% |
| Sprott Focus TR Inc(FUND) | COM | 85208J109 | $112.8M | 15,079,327 | 5.3% |
| Sprott Inc(SII) | COM NEW | 852066208 | $109.6M | 1,586,481 | 5.2% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $100.6M | 1,118,810 | 4.8% |
| OR Royalties Inc.(OR) | COM SHS | 68390D106 | $89.2M | 3,466,973 | 4.2% |
| Spdr S&P 500 ETF TRPut | PUT | 78462F953 | $83.8M | 135,700 | 4.0% |
| Spdr Series Trust(BIL) | BLOOMBERG 1-3 MO | 78468R663 | $83.0M | 904,458 | 3.9% |
| Coeur MNG Inc(CDE) | COM NEW | 192108504 | $80.0M | 9,031,658 | 3.8% |
| PAN Amern Silver Corp(PAAS) | COM | 697900108 | $74.0M | 2,604,875 | 3.5% |
| Vizsla Silver Corp(VZLA) | COM NEW | 92859G608 | $66.5M | 22,544,153 | 3.1% |
| Equinox Gold Corp(EQX) | COM | 29446Y502 | $54.4M | 9,439,892 | 2.6% |
| Iamgold Corp(IAG) | COM | 450913108 | $53.1M | 7,221,729 | 2.5% |
| Franco NEV Corp(FNV) | COM | 351858105 | $51.0M | 311,133 | 2.4% |
| Sprott Physical Gold TR(PHYS/U) | UNIT | 85207H104 | $49.2M | 1,942,429 | 2.3% |
| Alamos Gold Inc New(AGI) | COM CL A | 011532108 | $49.1M | 1,847,761 | 2.3% |
| Sandstorm Gold LTD(AYS1) | COM NEW | 80013R206 | $42.7M | 4,543,804 | 2.0% |
| Kinross Gold Corp(KGC) | COM | 496902404 | $42.0M | 2,690,156 | 2.0% |
| Eldorado Gold Corp New(EGO) | COM | 284902509 | $37.8M | 1,857,365 | 1.8% |
| Anglogold Ashanti PLC(AU) | COM SHS | G0378L100 | $34.4M | 753,842 | 1.6% |
| Perpetua Resources Corp(PPTA) | COM | 714266103 | $33.9M | 2,793,345 | 1.6% |
| I-80 Gold Corp(IAUX) | COM | 44955L106 | $25.9M | 42,060,618 | 1.2% |
| Nucor Corp(NUE) | COM | 670346105 | $25.8M | 199,275 | 1.2% |
| Exxon Mobil Corp(XOM) | COM | 30231G102 | $25.6M | 237,698 | 1.2% |
| Federated Hermes Inc(FHI) | CL B | 314211103 | $24.1M | 544,175 | 1.1% |
| Sprott Physical Silver TR(PSLV/U) | TR UNIT | 85207K107 | $22.9M | 1,871,227 | 1.1% |
| SSR Mining in(SSRM) | COM | 784730103 | $20.8M | 1,633,510 | 1.0% |
| Sprott Physical Gold & Silve(CEF/U) | TR UNIT | 85208R101 | $20.7M | 688,251 | 1.0% |
| CAL Maine Foods Inc(CALM) | COM NEW | 128030202 | $19.6M | 196,410 | 0.9% |
| CF Inds Hldgs Inc(CF) | COM | 125269100 | $18.8M | 203,860 | 0.9% |
| Ishares TRCall | CALL | 464287900 | $18.6M | 194,100 | 0.9% |
| MAG Silver Corp(MQ8) | COM | 55903Q104 | $18.5M | 874,533 | 0.9% |
| Triple Flag Precious Metal(TFPM) | COM | 89679M104 | $18.4M | 775,230 | 0.9% |
| Skeena RES LTD New(SKE) | COM | 83056P715 | $18.2M | 1,142,223 | 0.9% |
| Berkshire Hathaway Inc del(BRK/B) | CL B NEW | 084670702 | $18.0M | 37,045 | 0.9% |
| International Tower Hill MIN(THM) | COM | 46050R102 | $17.0M | 19,778,015 | 0.8% |
| Artisan Partners Asset Mgmt(APAM) | CL A | 04316A108 | $16.2M | 364,595 | 0.8% |
| Helmerich & Payne Inc(HP) | COM | 423452101 | $14.8M | 977,008 | 0.7% |
| Endeavour Silver Corp(EXK) | COM | 29258Y103 | $14.3M | 2,896,789 | 0.7% |
| EMX RTY Corp(EMX) | COM | 26873J107 | $14.2M | 5,630,863 | 0.7% |
| ERO Copper Corp(ERO) | COM | 296006109 | $13.0M | 769,385 | 0.6% |
| Reliance Inc(RS) | COM | 759509102 | $12.7M | 40,560 | 0.6% |
| Solaris RES Inc(SLSR) | COM NEW | 83419D201 | $12.7M | 2,763,454 | 0.6% |
| Royal Gold Inc(RGLD) | COM | 780287108 | $11.7M | 66,035 | 0.6% |
| Steel Dynamics Inc(STLD) | COM | 858119100 | $11.3M | 88,500 | 0.5% |
| First Majestic Silver Corp(AG) | COM | 32076V103 | $11.1M | 1,341,288 | 0.5% |
| Buckle Inc(BKE) | COM | 118440106 | $10.9M | 240,000 | 0.5% |
| Dolly Varden Silver Corp(DVS) | COM NO PAR | 256827783 | $10.2M | 3,111,972 | 0.5% |
| Hecla MNG Co(HL) | COM | 422704106 | $10.0M | 1,671,159 | 0.5% |
| Cirrus Logic Inc(CRUS) | COM | 172755100 | $9.9M | 94,840 | 0.5% |
| Cameco Corp(CCJ) | COM | 13321L108 | $9.8M | 132,601 | 0.5% |