Q1 2026 Holdings
Filed 2026-05-15 | 32 holdings | $287.1M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Royal Gold Inc(RGLD) | COM | 780287108 | $30.6M | 120,332 | 10.7% |
| Coeur MNG Inc(CDE)Call | COM NEW | 192108504 | $26.7M | 1,420,000 | 9.3% |
| State STR Spdr S&P 500 ETF T(SPY)Put | TR UNIT | 78462F103 | $26.0M | 40,000 | 9.1% |
| B2gold Corp(BTG)Call | COM | 11777Q209 | $21.3M | 4,700,000 | 7.4% |
| Elemental RTY Corp(ELE) | COM NEW | 28620K106 | $20.7M | 1,097,208 | 7.2% |
| USA Rare Earth Inc(USAR)Put | COM | 91733P107 | $16.6M | 1,100,000 | 5.8% |
| Iamgold Corp(IAG) | COM | 450913108 | $16.1M | 856,612 | 5.6% |
| Ishares Silver TR(SLV)Put | ISHARES | 46428Q109 | $13.6M | 200,000 | 4.7% |
| SSR Mining in(SSRM) | COM | 784730103 | $13.0M | 442,540 | 4.5% |
| Centerra Gold Inc(CGAU) | COM | 152006102 | $9.7M | 545,600 | 3.4% |
| Hecla Mining Company(HL)Call | COM | 422704106 | $9.3M | 500,000 | 3.2% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $7.9M | 60,090 | 2.7% |
| SSR Mining in(SSRM)Call | COM | 784730103 | $7.4M | 250,000 | 2.6% |
| Hycroft Mining Holding Corp(HYMC)Put | CL A NEW | 44862P208 | $7.0M | 200,100 | 2.5% |
| Warrior MET Coal Inc(HCC) | COM | 93627C101 | $6.8M | 72,944 | 2.4% |
| Perpetua Resources Corp(PPTA) | COM | 714266103 | $6.4M | 229,000 | 2.2% |
| Vizsla Silver Corp(VZLA)Call | COM NEW | 92859G608 | $6.2M | 1,875,000 | 2.2% |
| OR Royalties Inc.(OR) | COM SHS | 68390D106 | $5.9M | 155,316 | 2.1% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $5.6M | 27,810 | 2.0% |
| Nexgen Energy LTD(NXE) | COM | 65340P106 | $5.2M | 452,138 | 1.8% |
| Gold Royalty Corp(GROY) | COMMON SHARES | 38071H106 | $4.8M | 1,348,303 | 1.7% |
| Iamgold Corp(IAG)Call | COM | 450913108 | $4.7M | 250,000 | 1.6% |
| Almonty Inds Inc(ALM)Put | COM NEW | 020398707 | $3.6M | 250,000 | 1.3% |
| Sprott FDS TR(NIKL) | NICKEL MINERS ET | 85208P600 | $2.8M | 175,000 | 1.0% |
| Nexmetals Mining Corp.(NEXM) | COM NEW | 65346E204 | $2.0M | 815,206 | 0.7% |
| Denison Mines Corp(DNN) | COM | 248356107 | $1.8M | 500,000 | 0.6% |
| Anglogold Ashanti PLC(AU) | COM SHS | G0378L100 | $1.5M | 15,000 | 0.5% |
| Newmont Corp(NEM) | COM | 651639106 | $985.1K | 9,100 | 0.3% |
| Anfield Energy Inc(AEC) | COM NEW | 03464C205 | $983.6K | 176,272 | 0.3% |
| Coeur MNG Inc(CDE) | COM NEW | 192108504 | $938.5K | 50,000 | 0.3% |
| Lifezone Metals Limited(LZM) | ORD SHS | G5568L109 | $459.5K | 136,754 | 0.2% |
| Lifezone Metals Limited | *W EXP 07/05/202 | G5568L117 | $385.2K | 939,578 | 0.1% |