Q2 2026 Holdings
Filed 2026-08-14 | 21 holdings | $942.3M | 13F-HR/A | View on SEC ↗ · Holdings Table ↗
Amended (2026-08-20) | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Coeur MNG Inc(CDE) | COM NEW | 192108504 | $162.3M | 9,942,304 | 17.2% |
| I-80 Gold Corp(IAUX) | COM | 44955L106 | $118.2M | 82,103,559 | 12.5% |
| Oceanagold Corp(OGC)A | COM NEW | 675222400 | $87.4M | 3,492,154 | 9.3% |
| Valaris LTD(VAL) | CL A | G9460G101 | $77.5M | 1,067,010 | 8.2% |
| Osisko Development Corp(ODV) | COM NEW | 68828E809 | $61.6M | 25,050,980 | 6.5% |
| Chord Energy Corporation(CHRD) | COM NEW | 674215207 | $56.8M | 496,575 | 6.0% |
| Rayonier Advanced Matls Inc(RYAM) | COM | 75508B104 | $50.0M | 6,358,877 | 5.3% |
| Seadrill LTD(SDRL) | COM | G7997W102 | $48.4M | 1,279,968 | 5.1% |
| Sibanye Stillwater LTD(SBSW) | SPONSORED ADR | 82575P107 | $44.5M | 5,244,469 | 4.7% |
| B2gold Corp(BTG) | COM | 11777Q209 | $43.3M | 11,571,607 | 4.6% |
| Endeavour Silver Corp(EXK) | COM | 29258Y103 | $37.3M | 4,503,543 | 4.0% |
| Allied Gold Corp(AAUC) | COM NEW | 01921D204 | $33.0M | 1,387,845 | 3.5% |
| I-80 Gold Corp(IAU-WU) | *W EXP 11/16/202 | 44955L155 | $32.4M | 41,602,399 | 3.4% |
| Tidewater Inc New(TDW) | COM | 88642R109 | $19.0M | 285,900 | 2.0% |
| Core Natural Resources Inc(CNR) | COM SHS | 218937100 | $16.1M | 201,663 | 1.7% |
| Cenovus Energy Inc(CVE) | COM | 15135U109 | $14.9M | 600,000 | 1.6% |
| Cadeler A S(CDLR) | SPON ADR | 12738K109 | $11.8M | 539,983 | 1.3% |
| Elemental RTY Corp(ELE) | COM NEW | 28620K106 | $11.2M | 641,515 | 1.2% |
| Nexmetals Mining Corp.(NEXM) | COM NEW | 65346E204 | $8.3M | 3,513,500 | 0.9% |
| Tsakos Energy Navigation LTD(TEN) | SHS | G9108L173 | $6.2M | 174,927 | 0.7% |
| Mcewen Inc.(MUX) | COM NEW | 58039P305 | $2.0M | 113,000 | 0.2% |