Q4 2025 Holdings
Filed 2026-01-15 | 93 holdings | $45.2M | 13F-HR/A | View on SEC ↗ · Holdings Table ↗
Amended (2026-01-21) | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| B2gold Corp(BTG) | COM | 11777Q209 | $34.0M | 7,584,250 | 75.2% |
| Ambev SA(ABEV) | SPONSORED ADR | 02319V103 | $7.5M | 3,044,462 | 16.5% |
| BCE Inc(BCE) | COM NEW | 05534B760 | $2.9M | 125,946 | 6.5% |
| Agnico Eagle Mines LTD(AEM) | COM | 008474108 | $72.8K | 455,056 | 0.2% |
| Barrick Mining Corp(B) | COM | 06849F108 | $67.8K | 1,746,376 | 0.2% |
| PAN American Silver Corp(PAAS) | COM | 697900108 | $61.6K | 1,287,451 | 0.1% |
| Franco-Nevada Corp(FNV) | COM | 351858105 | $46.7K | 236,967 | 0.1% |
| Metalla Royalty & Streaming(MTA) | COM NEW | 59124U605 | $43.5K | 5,742,309 | 0.1% |
| Fortuna Mining Corp(FSM) | COM NEW | 349942102 | $43.2K | 4,464,769 | 0.1% |
| Royal Gold Inc(RGLD) | COM | 780287108 | $36.2K | 164,360 | 0.1% |
| OR Royalties Inc(OR) | COM SHS | 68390D106 | $36.1K | 1,028,079 | 0.1% |
| British American TOB(BMTA) | SPONSORED ADR | 110448107 | $34.7K | 657,883 | 0.1% |
| Wheaton Precious Metals Corp(WPM) | COM | 962879102 | $33.1K | 285,947 | 0.1% |
| Newmont Corp(NEM) | COM | 651639106 | $29.5K | 365,598 | 0.1% |
| Equinox Gold Corp(EQX) | COM | 29446Y502 | $26.2K | 1,906,970 | 0.1% |
| Iamgold Corp(IAG) | COM | 450913108 | $22.1K | 1,343,139 | 0.0% |
| Novo-Nordisk A/S(NVO) | ADR | 670100205 | $20.4K | 346,077 | 0.0% |
| Kinross Gold Corp(KGC) | COM | 496902404 | $18.0K | 762,330 | 0.0% |
| Dakota Gold Corp(DC) | COM | 46655E100 | $17.2K | 3,051,484 | 0.0% |
| Triple Flag Precious MET(TFPM) | COM | 89679M104 | $17.1K | 521,059 | 0.0% |
| Vaneck Merk Gold ETF(OUNZ) | GOLD TRUST | 921078101 | $16.6K | 398,070 | 0.0% |
| Elemental Royalty Corp(ELE) | COM NEW | 28620K106 | $16.4K | 968,502 | 0.0% |
| BP PLC(BP) | SPONSORED ADR | 055622104 | $11.7K | 362,175 | 0.0% |
| Shell PLC(SHEL) | SPON ADS | 780259305 | $11.6K | 162,776 | 0.0% |
| Orla Mining LTD(ORLA) | COM | 68634K106 | $11.4K | 867,495 | 0.0% |
| Bank of Nova Scotia(BNS) | COM | 064149107 | $11.0K | 173,579 | 0.0% |
| Anglogold Ashanti PLC(AU) | COM SHS | G0378L100 | $10.6K | 122,885 | 0.0% |
| Accenture PLC(ACN) | SHS CL A | G1151C101 | $10.2K | 35,958 | 0.0% |
| GSK PLC(GSK) | SPONSORED ADR | 37733W204 | $9.4K | 210,813 | 0.0% |
| Sprott Physical Gold and SIL(CEF/U) | TR UNIT | 85208R101 | $8.6K | 285,326 | 0.0% |
| Philip Morris International(PM) | COM | 718172109 | $8.1K | 46,939 | 0.0% |
| Equinor ASA(EQNR) | SPONSORED ADR | 29446M102 | $7.8K | 318,372 | 0.0% |
| Telkom Indonesia Persero(PTI) | SPONSORED ADR | 715684106 | $6.9K | 380,194 | 0.0% |
| Sprott Physical Silver Trust(PSLV/U) | TR UNIT | 85207K107 | $6.8K | 307,137 | 0.0% |
| Ivanhoe Electric Inc / US(IE) | COM | 46578C108 | $6.7K | 430,443 | 0.0% |
| Nutrien LTD(NTR) | COM | 67077M108 | $6.2K | 103,322 | 0.0% |
| Vale SA(VALE) | SPONSORED ADS | 91912E105 | $5.7K | 488,718 | 0.0% |
| Novartis AG(NVSN) | SPONSORED ADR | 66987V109 | $5.5K | 42,231 | 0.0% |
| Unilever PLC(UL) | SPON ADR NEW | 904767803 | $4.4K | 66,766 | 0.0% |
| NU Holdings LTD AN ISL(NU) | ORD SHS CL A | G6683N103 | $3.6K | 233,618 | 0.0% |
| First Trust Emerging Markets(FEMB) | EME MRK BD ETF | 33739P202 | $3.5K | 117,216 | 0.0% |
| Asml Holding NV-Ny REG SHS(ASML) | N Y REGISTRY SHS | N07059210 | $3.0K | 2,948 | 0.0% |
| BHP Group LTD(BHP) | SPONSERED ADS | 088606108 | $2.9K | 58,343 | 0.0% |
| RIO Tinto PLC(RIO) | SPONSORED ADR | 767204100 | $2.8K | 47,788 | 0.0% |
| Western Copper and Gold Corp(WRN) | COM | 95805V108 | $2.8K | 1,035,506 | 0.0% |
| SK Telecom Co LTD(SKM) | SPONSORED ADR | 78440P306 | $2.6K | 123,816 | 0.0% |
| FMC Corp(FMC) | COM NEW | 302491303 | $2.2K | 157,328 | 0.0% |
| Algonquin Power & Utilities(AQN) | COM | 015857105 | $2.2K | 354,050 | 0.0% |
| Sanofi(SNY) | SPONSORED ADR | 80105N105 | $2.1K | 43,688 | 0.0% |
| Ishares International Treasu(IGOV) | INTL TREA BD ETF | 464288117 | $2.1K | 48,868 | 0.0% |