Q4 2025 Holdings
Filed 2026-01-21 | 37 holdings | $47.0M | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Barrick Gold Corp(B) | Common Stock | 06849F108 | $4.3M | 96,300 | 9.1% |
| Newmont Mining Corp(NEM) | Common Stock | 651639106 | $4.1M | 39,880 | 8.6% |
| Wheaton Precious Metals Corp(WPM) | Common Stock | 962879102 | $4.0M | 33,210 | 8.4% |
| Kinross Gold Corp(KGC) | Common Stock | 496902404 | $3.6M | 124,200 | 7.6% |
| Agnico Eagle Mines Ltd(AEM) | Common Stock | 008474108 | $3.5M | 20,626 | 7.5% |
| Pan American Silver Corp(PAAS) | Common Stock | 697900108 | $2.7M | 51,850 | 5.8% |
| Alamos Gold Inc(AGI) | Common Stock | 011532108 | $2.4M | 61,600 | 5.1% |
| Anglogold Ashanti(AU) | Common Stock | G0378L100 | $2.3M | 26,800 | 4.9% |
| Equinox Gold Corp(EQX) | Common Stock | 29446Y502 | $2.2M | 155,600 | 4.7% |
| Gold Fields Ltd.(EDG) | ADR | 38059T106 | $2.2M | 49,300 | 4.6% |
| Harmony Gold Mng(HAM) | ADR | 413216300 | $1.8M | 91,000 | 3.9% |
| B2Gold Corp(BTG) | Common Stock | 11777Q209 | $1.6M | 351,500 | 3.4% |
| Fortuna Silver Mines Inc(FSM) | Common Stock | 349942102 | $1.4M | 145,600 | 3.1% |
| First Majestic Silver Corp(AG) | Common Stock | 32076V103 | $1.4M | 84,600 | 3.0% |
| Hecla Mining Co(HL) | Common Stock | 422704106 | $1.4M | 73,400 | 3.0% |
| Ssr Mining Inc(SSRM) | Common Stock | 784730103 | $1.4M | 64,300 | 3.0% |
| Centerra Gold Inc(CGAU) | Common Stock | 152006102 | $1.4M | 94,100 | 2.9% |
| Silvercorp Metals Inc(SVM) | Common Stock | 82835P103 | $1.3M | 151,000 | 2.8% |
| Franco - Nevada Corp(FNV) | Common Stock | 351858105 | $1.3M | 6,100 | 2.7% |
| Eldorado Gold Corp(EGO) | Common Stock | 284902509 | $1.2M | 33,500 | 2.6% |
| Drdgold Ltd(DRD) | ADR | 26152H301 | $833.8K | 26,700 | 1.8% |
| Royal Gold Inc(RGLD) | Common Stock | 780287108 | $454.5K | 2,020 | 1.0% |
| Oneok Inc.(OKE) | Common Stock | 682680103 | $18.5K | 250 | 0.0% |
| Phillips 66(PSX) | Common Stock | 718546104 | $16.8K | 130 | 0.0% |
| Valero Energy Corp(VLO) | Common Stock | 91913Y100 | $16.5K | 100 | 0.0% |
| Marathon Petroleum Corporation(MPC) | Common Stock | 56585A102 | $16.4K | 100 | 0.0% |
| Kinder Morgan Inc(KMI) | Common Stock | 49456B101 | $15.7K | 570 | 0.0% |
| Williams COS Inc(WMB) | Common Stock | 969457100 | $15.0K | 250 | 0.0% |
| Chevron Corporation(CVX) | Common Stock | 166764100 | $12.2K | 80 | 0.0% |
| Exxon Mobil Corporation(XOM) | Common Stock | 30231G102 | $12.1K | 100 | 0.0% |
| Conocophillips(COP) | Common Stock | 20825C104 | $11.7K | 120 | 0.0% |
| Cheniere Energy, Inc.(LNG) | Common Stock | 16411R208 | $11.6K | 60 | 0.0% |
| Schlumberger Ltd(SLB) | Common Stock | 806857108 | $10.0K | 260 | 0.0% |
| Occidental Petroleum Corp(OXY) | Common Stock | 674599105 | $10.0K | 240 | 0.0% |
| EQT Corp(EQT) | Common Stock | 26884L109 | $9.8K | 180 | 0.0% |
| EOG Resources Inc(EOG) | Common Stock | 26875P101 | $9.5K | 90 | 0.0% |
| Devon Energy Corp.(DVN) | Common Stock | 25179M103 | $8.5K | 230 | 0.0% |