Q3 2025 Holdings
Filed 2025-11-12 | 214 holdings | $2.9B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Coeur MNG Inc(CDE) | COM NEW | 192108504 | $172.7M | 9,208,046 | 6.0% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $145.9M | 865,979 | 5.1% |
| Sprott Inc(SII) | COM NEW | 852066208 | $136.9M | 1,645,582 | 4.8% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $128.9M | 1,151,886 | 4.5% |
| Sprott Focus TR Inc(FUND) | COM | 85208J109 | $126.4M | 15,219,058 | 4.4% |
| Spdr S&P 500 ETF TRPut | PUT | 78462F953 | $124.6M | 186,200 | 4.4% |
| Equinox Gold Corp(EQX) | COM | 29446Y502 | $119.5M | 10,656,833 | 4.2% |
| OR Royalties Inc(OR) | COM SHS | 68390D106 | $114.6M | 2,860,138 | 4.0% |
| Vizsla Silver Corp(VZLA) | COM NEW | 92859G608 | $98.7M | 22,851,053 | 3.5% |
| Iamgold Corp(IAG) | COM | 450913108 | $94.6M | 7,313,344 | 3.3% |
| Spdr Series Trust(BIL) | BLOOMBERG 1-3 MO | 78468R663 | $71.9M | 783,921 | 2.5% |
| Sprott Asset Management LP(PHYS/U) | PHYSICAL GOLD TR | 85207H104 | $67.1M | 2,265,812 | 2.3% |
| Kinross Gold Corp(KGC) | COM | 496902404 | $60.1M | 2,417,709 | 2.1% |
| PAN Amern Silver Corp(PAAS) | COM | 697900108 | $57.8M | 1,492,927 | 2.0% |
| Eldorado Gold Corp New(EGO) | COM | 284902509 | $55.3M | 1,915,378 | 1.9% |
| Alamos Gold Inc New(AGI) | COM CL A | 011532108 | $54.7M | 1,567,982 | 1.9% |
| Anglogold Ashanti PLC(AU) | COM SHS | G0378L100 | $54.2M | 770,670 | 1.9% |
| Franco NEV Corp(FNV) | COM | 351858105 | $53.6M | 240,505 | 1.9% |
| Perpetua Resources Corp(PPTA) | COM | 714266103 | $47.6M | 2,352,112 | 1.7% |
| SSR Mining in(SSRM) | COM | 784730103 | $41.2M | 1,688,922 | 1.4% |
| I-80 Gold Corp(IAUX) | COM | 44955L106 | $40.9M | 42,773,508 | 1.4% |
| Endeavour Silver Corp(EXK) | COM | 29258Y103 | $35.6M | 4,544,570 | 1.2% |
| Triple Flag Precious Metal(TFPM) | COM | 89679M104 | $33.8M | 1,156,609 | 1.2% |
| International Tower Hill MIN(THM) | COM | 46050R102 | $32.4M | 19,796,015 | 1.1% |
| Sprott Asset Management LP(PSLV/U) | PHYSICAL SILVER | 85207K107 | $30.7M | 1,956,862 | 1.1% |
| New Gold Inc CDA(NGD) | COM | 644535106 | $30.5M | 4,244,795 | 1.1% |
| EMX RTY Corp(EMX) | COM | 26873J107 | $28.3M | 5,499,899 | 1.0% |
| Nucor Corp(NUE) | COM | 670346105 | $26.9M | 198,541 | 0.9% |
| Exxon Mobil Corp(XOM) | COM | 30231G102 | $26.7M | 236,805 | 0.9% |
| Federated Hermes Inc(FHI) | CL B | 314211103 | $26.3M | 507,225 | 0.9% |
| Compania de Minas Buenaventu(BVN) | SPONSORED ADR | 204448104 | $25.6M | 1,054,139 | 0.9% |
| First Majestic Silver Corp(AG) | COM | 32076V103 | $25.0M | 2,036,679 | 0.9% |
| Skeena RES LTD New(SKE) | COM | 83056P715 | $24.5M | 1,330,589 | 0.9% |
| Sprott Asset Management LP(CEF/U) | PHYSICAL GOLD AN | 85208R101 | $24.4M | 664,116 | 0.9% |
| Ishares TRCall | CALL | 464287900 | $24.3M | 248,600 | 0.8% |
| Helmerich & Payne Inc(HP) | COM | 423452101 | $21.4M | 968,908 | 0.7% |
| Barrick MNG Corp(B) | COM SHS | 06849F108 | $20.5M | 624,005 | 0.7% |
| CF Inds Hldgs Inc(CF) | COM | 125269100 | $20.1M | 224,333 | 0.7% |
| CAL Maine Foods Inc(CALM) | COM NEW | 128030202 | $19.9M | 211,500 | 0.7% |
| Newmont Corp(NEM) | COM | 651639106 | $19.7M | 234,072 | 0.7% |
| Sandstorm Gold LTD(AYS1) | COM NEW | 80013R206 | $19.1M | 1,523,166 | 0.7% |
| Solaris RES Inc(SLSR) | COM NEW | 83419D201 | $17.3M | 2,710,627 | 0.6% |
| Artisan Partners Asset Mgmt(APAM) | CL A | 04316A108 | $15.7M | 362,095 | 0.5% |
| ERO Copper Corp(ERO) | COM | 296006109 | $15.7M | 774,485 | 0.5% |
| Vaneck ETF TrustPut | PUT | 92189F951 | $14.2M | 152,700 | 0.5% |
| Berkshire Hathaway Inc del(BRK/B) | CL B NEW | 084670702 | $13.2M | 26,237 | 0.5% |
| Buckle Inc(BKE) | COM | 118440106 | $12.9M | 220,000 | 0.5% |
| ASA Gold and Precious Mtls L(NVGLF) | SHS | G3156P103 | $12.8M | 280,183 | 0.4% |
| Steel Dynamics Inc(STLD) | COM | 858119100 | $12.5M | 89,992 | 0.4% |
| Invesco QQQ TRPut | PUT | 46090E953 | $12.4M | 20,400 | 0.4% |