Q1 2026 Holdings
Filed 2026-05-13 | 31 holdings | $1.4B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Seabridge Gold Inc(SA) | COM | 811916105 | $207.8M | 7,332,863 | 14.5% |
| Range RES Corp(RRC) | COM | 75281A109 | $189.2M | 4,188,614 | 13.2% |
| KT Corp(KT) | SPONSORED ADR | 48268K101 | $114.2M | 5,321,922 | 8.0% |
| Nutrien LTD(NTR) | COM | 67077M108 | $107.4M | 1,423,780 | 7.5% |
| Expand Energy Corporation(EXE) | COM | 165167735 | $89.3M | 813,632 | 6.2% |
| Franklin Resources Inc(BEN) | COM | 354613101 | $83.2M | 3,522,587 | 5.8% |
| Centene Corp del(CNC) | COM | 15135B101 | $82.4M | 2,517,106 | 5.8% |
| Novagold Resources Inc(NG) | COM NEW | 66987E206 | $58.5M | 6,511,729 | 4.1% |
| Cresud S A C I F Y A(CD8) | SPONSORED ADR | 226406106 | $56.2M | 4,415,543 | 3.9% |
| Weyerhaeuser Co(WY) | COM NEW | 962166104 | $46.5M | 1,904,591 | 3.2% |
| Northern Dynasty Minerals LT(NAK) | COM NEW | 66510M204 | $45.7M | 32,655,846 | 3.2% |
| Rayonier Inc(RYN) | COM | 754907103 | $45.1M | 2,186,503 | 3.1% |
| Concentrix Corp(CNXC) | COM | 20602D101 | $44.5M | 1,627,306 | 3.1% |
| International Tower Hill MIN(THM) | COM | 46050R102 | $40.6M | 17,650,432 | 2.8% |
| Molina Healthcare Inc(MOH) | COM | 60855R100 | $38.9M | 291,941 | 2.7% |
| Nice LTD(NSY) | SPONSORED ADR | 653656108 | $27.7M | 250,948 | 1.9% |
| Vista Gold Corp(VGZ) | COM NEW | 927926303 | $27.1M | 13,852,010 | 1.9% |
| Barrick MNG Corp(B) | COM SHS | 06849F108 | $22.8M | 560,044 | 1.6% |
| Royal Gold Inc(RGLD) | COM | 780287108 | $21.9M | 86,159 | 1.5% |
| Ivanhoe Electric Inc(IE) | COM | 46578C108 | $21.1M | 1,784,170 | 1.5% |
| Humana Inc(HUM) | COM | 444859102 | $19.7M | 113,385 | 1.4% |
| Comcast Corp New(CMCSA) | CL A | 20030N101 | $18.6M | 649,213 | 1.3% |
| AIR Lease Corp(AL) | CL A | 00912X302 | $18.0M | 277,612 | 1.3% |
| Korea Elec PWR Corp(KEP) | SPONSORED ADR | 500631106 | $3.0M | 207,140 | 0.2% |
| Irsa Inversiones Y REP S A(IRS) | SPON GDS ECH 10 | 450047303 | $1.4M | 85,363 | 0.1% |
| Platinum Group Metals LTD(PLG) | COM | 72765Q882 | $634.9K | 358,692 | 0.0% |
| Autozone Inc(AZO)Put | COM | 053332102 | $222.6K | 400 | 0.0% |
| Apple Inc(AAPL)Put | COM | 037833100 | $112.5K | 5,000 | 0.0% |
| Abbvie Inc(ABBV)Put | COM | 00287Y109 | $105.3K | 4,600 | 0.0% |
| Newmont Corp(NEM) | COM | 651639106 | $82.4K | 761 | 0.0% |
| Amgen Inc(AMGN)Put | COM | 031162100 | $75.1K | 4,200 | 0.0% |