Fund HoldingsGoehring & Rozencwajg Associates, LLC

Total Portfolio Value
$1.01B
Total Bought
$239.75M
Total Sold
$28.72M
Net Transaction
+$211.03M
Filing Period:
Securities
SharesValue ($K)
Q3 2025
Q4 2025
Change
Q3 2025
Q4 2025
Weight (%)
Change
CANADIAN NAT RES LTD(CNQ)1,004,9811,902,413+897,43232,17864,4446.38%+32,266
SLB LIMITED(SLB)181,807936,962+755,1556,24935,9613.56%+29,712
RANGE RES CORP(RRC)1,411,1512,003,101+591,95053,11670,6297.00%+17,514
SEADRILL LTD(SDRL)1,695,1141,919,681+224,56751,20966,4216.58%+15,212
ANTERO RESOURCES CORP(AR)823,9461,183,620+359,67427,65240,7884.04%+13,136
EQT CORP(EQT)594,638845,710+251,07232,36645,3304.49%+12,964
SIBANYE STILLWATER LTD(SBSW)3,360,0303,539,680+179,65037,76750,4405.00%+12,674
NOBLE CORP PLC(NE)1,081,6351,426,054+344,41930,58940,2723.99%+9,683
VALARIS LTD(VAL)902,4401,062,070+159,63044,01253,5285.30%+9,516
CAMECO CORP(CCJ)648,289682,952+34,66354,36662,4836.19%+8,118
IVANHOE ELECTRIC INC(IE)1,697,1891,787,897+90,70821,30028,5712.83%+7,271
PERMIAN RESOURCES CORP(PR)0449,235+449,23507,1700.71%+7,170
COMSTOCK RES INC(CRK)409,788639,289+229,5018,12614,8191.47%+6,693
EXPAND ENERGY CORPORATION(EXE)110,801165,368+54,56711,77118,2501.81%+6,479
NUTRIEN LTD(NTR)780,238825,437+45,19945,80850,9465.05%+5,138
HUDBAY MINERALS INC(HBM)773,564824,951+51,38711,71516,3801.62%+4,665
BORR DRILLING LTD(BORR)1,042,6991,623,163+580,4642,8056,5410.65%+3,736
ALPHA METALLURGICAL RESOUR I74,43678,895+4,45912,21415,7701.56%+3,555
TRILOGY METALS INC NEW1,338,3211,408,204+69,8832,8456,1050.60%+3,259
FREEPORT-MCMORAN INC(FCX)225,436237,584+12,1488,84212,0671.20%+3,225
CORE NATURAL RESOURCES INC(CNR)285,352302,720+17,36823,82126,7942.65%+2,973
DIAMONDBACK ENERGY INC(FANG)69,83285,243+15,4119,99312,8151.27%+2,822
OCEANEERING INTL INC(OII)466,058568,734+102,67611,54913,6671.35%+2,118
MATADOR RES CO(MTDR)288,212344,138+55,92612,94914,6051.45%+1,656
NEXGEN ENERGY LTD(NXE)1,442,2551,518,939+76,68412,90813,9741.38%+1,066
CIVITAS RESOURCES INC193,140256,605+63,4656,2776,9510.69%+674
DENISON MINES CORP(DNN)3,753,1453,952,752+199,60710,32110,5141.04%+193
SUNCOR ENERGY INC NEW(SU)0727,381+727,381000
ENERGY FUELS INC(UUUU)1,167,3411,229,408+62,06717,91917,8761.77%-43
TIDEWATER INC NEW(TDW)3,9140-3,9142090-209
INTREPID POTASH INC208,232219,316+11,0846,3686,0820.60%-286
PAN AMERN SILVER CORP(PAAS)248,080175,080-73,0009,6089,0710.90%-537
TRIPLE FLAG PRECIOUS METAL(TFPM)100,72468,022-32,7022,9482,2610.22%-687
ENCORE ENERGY CORP1,165,3361,227,255+61,9193,7413,0440.30%-697
UR-ENERGY INC3,292,7973,467,921+175,1245,8944,8200.48%-1,074
URANIUM ENERGY CORP(UEC)1,729,2351,821,094+91,85923,06821,2702.11%-1,798
ORLA MNG LTD NEW(ORLA)1,182,704777,949-404,75512,75310,4641.04%-2,289
NOVAGOLD RES INC1,142,489799,826-342,66310,0547,4540.74%-2,600
SKEENA RES LTD NEW(SKE)874,822562,975-311,84716,13313,3731.32%-2,760
MOSAIC CO NEW(MOS)428,210451,046+22,83614,85010,8661.08%-3,985
CALEDONIA MNG CORP PLC
SHS NEW
234,065165,304-68,7618,4754,3260.43%-4,149
EQUINOX GOLD CORP(EQX)2,252,3471,464,761-787,58625,29020,5882.04%-4,702
CENTRUS ENERGY CORP(LEU)160,987171,114+10,12749,91741,5404.12%-8,378
ALAMOS GOLD INC NEW1,173,417780,651-392,76640,90530,1182.98%-10,788
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