CIK 2090007
Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.
As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).
Computing…
Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.
| Industry group | Weight | Names |
|---|---|---|
| Unclassified | 44.68% | 2 |
| Metals & Mining | 40.47% | 6 |
| Capital Markets | 9.40% | 1 |
| Construction Materials | 5.45% | 1 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | HYG | ISHARES TR | Unclassified | 40.44% |
| 2 | HBM | Hudbay Minerals Inc. | Materials | 10.74% |
| 3 | CCJ | CAMECO CORP | Materials | 10.58% |
| 4 | SSRM | SSR MINING INC. | Financials | 9.40% |
| 5 | B | BARRICK MINING CORP | Materials | 8.26% |
| 6 | TECK | TECK RESOURCES LTD | Materials | 5.45% |
| 7 | ISOU | ISOENERGY LTD | Unclassified | 4.23% |
| 8 | UEC | URANIUM ENERGY CORP | Materials | 4.05% |
| 9 | NXE | NexGen Energy Ltd. | Materials | 3.88% |
| 10 | FCX | FREEPORT-MCMORAN INC | Materials | 2.97% |
8/10 names classified · sector 55.3% of weight · industry 55.3% · mkt cap 36.5%; unclassified names shown, never dropped.
Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 55.3% of the book is sector-classified (unclassified names shown, never dropped).
Only 12% of book weight classified — the grid is NOT representative of the whole book.
Classified: 12.4% of book weight (2/10 names) · unclassified 87.6%: HYG, HBM, CCJ, B, TECK, ISOU, UEC, NXE. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.
No contribution data for this period.
| # | Security | Shares | Value | Weight | Δ QoQ |
|---|---|---|---|---|---|
| 1 | HYGISHARES TR | 101,737 | $8M | 40.4% | ADD 63% |
| 2 | HBMHUDBAY MINERALS INC | 102,700 | $2M | 10.7% | ADD 12% |
| 3 | CCJCAMECO CORP | 19,515 | $2M | 10.6% | ADD 22% |
| 4 | SSRMSSR MINING IN | 64,000 | $2M | 9.4% | NEW |
| 5 | BBARRICK MNG CORP | 40,538 | $2M | 8.3% | TRIM −50% |
| 6 | TECKTECK RESOURCES LTD | 21,068 | $1M | 5.4% | ADD 17% |
| 7 | ISOUISOENERGY LTD | 80,000 | $847,370 | 4.2% | NEW |
| 8 | UECURANIUM ENERGY CORP | 60,000 | $810,000 | 4.0% | ADD 40% |
| 9 | NXENEXGEN ENERGY LTD | 67,000 | $777,200 | 3.9% | ADD 60% |
| 10 | FCXFREEPORT MCMORAN INC | 10,099 | $593,619 | 3.0% | TRIM −90% |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| HYGISHARES TR | — | — | — | — | 62K | 102K | $8M |
| HBMHUDBAY MINERALS INC | — | — | — | — | 92K | 103K | $2M |
| CCJCAMECO CORP | — | — | — | — | 16K | 20K | $2M |
| SSRMSSR MINING IN | — | — | — | — | — | 64K | $2M |
| BBARRICK MNG CORP | — | — | — | — | 81K | 41K | $2M |
| TECKTECK RESOURCES LTD | — | — | — | — | 18K | 21K | $1M |
| ISOUISOENERGY LTD | — | — | — | — | — | 80K | $847,370 |
| UECURANIUM ENERGY CORP | — | — | — | — | 43K | 60K | $810,000 |
| NXENEXGEN ENERGY LTD | — | — | — | — | 42K | 67K | $777,200 |
| FCXFREEPORT MCMORAN INC | — | — | — | — | 101K | 10K | $593,619 |
Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.
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