Q1 2025 Holdings
Filed 2025-05-14 | 31 holdings | $964.8M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Range RES Corp(RRC) | COM | 75281A109 | $113.7M | 2,846,663 | 11.8% |
| KT Corp(KT) | SPONSORED ADR | 48268K101 | $111.8M | 6,311,479 | 11.6% |
| Barrick Gold Corp(ABX) | COM | 067901108 | $98.1M | 5,044,236 | 10.2% |
| Expand Energy Corporation(EXE) | COM | 165167735 | $96.2M | 864,487 | 10.0% |
| Seabridge Gold Inc(SA) | COM | 811916105 | $85.7M | 7,342,955 | 8.9% |
| Sociedad Quimica Y Minera de(SQM) | SPON ADR SER B | 833635105 | $60.5M | 1,523,668 | 6.3% |
| Novagold RES Inc(NG) | COM NEW | 66987E206 | $54.3M | 18,591,730 | 5.6% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $53.8M | 692,499 | 5.6% |
| Royal Gold Inc(RGLD) | COM | 780287108 | $48.5M | 296,790 | 5.0% |
| Franklin Resources Inc(BEN) | COM | 354613101 | $46.9M | 2,435,982 | 4.9% |
| Nutrien LTD(NTR) | COM | 67077M108 | $28.4M | 571,481 | 2.9% |
| Northern Dynasty Minerals LT(NAK) | COM NEW | 66510M204 | $22.6M | 19,666,067 | 2.3% |
| Cresud S A C I F Y A(CD8) | SPONSORED ADR | 226406106 | $22.1M | 1,996,135 | 2.3% |
| Newmont Corp(NEM) | COM | 651639106 | $19.6M | 406,615 | 2.0% |
| Amentum Holdings Inc(AMTM) | COM | 023939101 | $19.6M | 1,077,495 | 2.0% |
| Ivanhoe Electric Inc(IE) | COM | 46578C108 | $19.4M | 3,340,185 | 2.0% |
| Sandstorm Gold LTD(AYS1) | COM NEW | 80013R206 | $15.7M | 2,080,780 | 1.6% |
| AIR Lease Corp(AL) | CL A | 00912X302 | $14.3M | 296,911 | 1.5% |
| Perpetua Resources Corp(PPTA) | COM | 714266103 | $11.8M | 1,104,398 | 1.2% |
| International Tower Hill MIN(THM) | COM | 46050R102 | $9.1M | 14,448,418 | 0.9% |
| Korea Elec PWR Corp(KEP) | SPONSORED ADR | 500631106 | $8.2M | 1,099,905 | 0.8% |
| Vista Gold Corp(VGZ) | COM NEW | 927926303 | $3.3M | 4,042,525 | 0.3% |
| Ishares Silver TR(SLV) | ISHARES | 46428Q109 | $482.1K | 15,556 | 0.1% |
| Harmony Gold Mining Co LTD(HAM) | SPONSORED ADR | 413216300 | $254.3K | 17,215 | 0.0% |
| Apple Inc(AAPL)Put | COM | 037833100 | $192.5K | 5,000 | 0.0% |
| Chipotle Mexican Grill Inc(CMG)Put | COM | 169656105 | $63.0K | 5,000 | 0.0% |
| Abbvie Inc(ABBV)Put | COM | 00287Y109 | $39.1K | 4,200 | 0.0% |
| Paychex Inc(PAYX)Put | COM | 704326107 | $34.2K | 5,600 | 0.0% |
| Amgen Inc(AMGN)Put | COM | 031162100 | $30.1K | 3,100 | 0.0% |
| Nvidia Corporation(NVDA)Put | COM | 67066G104 | $16.1K | 15,000 | 0.0% |
| Autozone Inc(AZO)Put | COM | 053332102 | $12.1K | 100 | 0.0% |