CIK 938552
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 |
|---|---|---|
| Oil, Gas & Consumable Fuels | 67.44% | 5 |
| Metals & Mining | 17.01% | 3 |
| Construction Materials | 9.54% | 1 |
| Unclassified | 6.01% | 2 |
| # | Ticker | Name | Sector | Weight |
|---|---|---|---|---|
| 1 | KOS | Kosmos Energy Ltd. | Energy | 23.42% |
| 2 | GTE | GRAN TIERRA ENERGY INC. | Energy | 23.33% |
| 3 | NEWP | NEW PACIFIC METALS CORP | Materials | 11.32% |
| 4 | GAU | Galiano Gold Inc. | Materials | 9.54% |
| 5 | VIST | Vista Energy, S.A.B. de C.V. | Energy | 9.28% |
| 6 | YPF | YPF SOCIEDAD ANONIMA | Energy | 8.80% |
| 7 | PSLV | SPROTT ASSET MANAGEMENT LP | Unclassified | 3.82% |
| 8 | VZLA | Vizsla Silver Corp. | Materials | 3.04% |
| 9 | ITRG | Integra Resources Corp. | Materials | 2.65% |
| 10 | PDS | PRECISION DRILLING Corp | Energy | 2.61% |
9/11 names classified · sector 94.0% of weight · industry 94.0% · mkt cap 75.9%; 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: 94.0% of the book is sector-classified (unclassified names shown, never dropped).
Only 23% of book weight classified — the grid is NOT representative of the whole book.
Classified: 23.4% of book weight (1/11 names) · unclassified 76.6%: GTE, NEWP, GAU, VIST, YPF, PSLV, VZLA, ITRG, PDS, IAUX.WS. 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 | KOSKOSMOS ENERGY LTD | 20,678,033 | $57M | 23.4% | ADD 6% |
| 2 | GTEGRAN TIERRA ENERGY INC | 6,381,471 | $57M | 23.3% | HOLD |
| 3 | NEWPNEW PAC METALS CORP | 6,700,045 | $28M | 11.3% | ADD 18% |
| 4 | GAUGALIANO GOLD INC | 9,357,961 | $23M | 9.5% | TRIM −32% |
| 5 | VISTVISTA ENERGY S.A.B. DE C.V. | 301,667 | $23M | 9.3% | ADD 101% |
| 6 | YPFYPF SOCIEDAD ANONIMA | 467,000 | $22M | 8.8% | NEW |
| 7 | PSLVSPROTT ASSET MANAGEMENT LP | 384,500 | $9M | 3.8% | TRIM −58% |
| 8 | VZLAVIZSLA SILVER CORP | 2,250,800 | $7M | 3.0% | TRIM −36% |
| 9 | ITRGINTEGRA RES CORP | 2,411,264 | $7M | 2.7% | TRIM −59% |
| 10 | PDSPRECISION DRILLING CORP | 65,211 | $6M | 2.6% | ADD 117% |
| 11 | IAUX.WSi-80 Gold Corp | 5,600,000 | $5M | 2.2% | HOLD |
| Security | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 | Latest value |
|---|---|---|---|---|---|---|---|
| KOSKOSMOS ENERGY LTD | 11.4M | 18.4M | 18.7M | 17.8M | 19.5M | 20.7M | $57M |
| GTEGRAN TIERRA ENERGY INC | 3.4M | 3.7M | 5.1M | 5.1M | 6.4M | 6.4M | $57M |
| NEWPNEW PAC METALS CORP | — | — | — | 2.8M | 5.7M | 6.7M | $28M |
| GAUGALIANO GOLD INC | 32.8M | 31.1M | 29.3M | 15.7M | 13.8M | 9.4M | $23M |
| VISTVISTA ENERGY S.A.B. DE C.V. | — | — | — | — | 150K | 302K | $23M |
| YPFYPF SOCIEDAD ANONIMA | — | — | — | — | — | 467K | $22M |
| PSLVSPROTT ASSET MANAGEMENT LP | 538K | 1.5M | 1.5M | 1.5M | 912K | 385K | $9M |
| VZLAVIZSLA SILVER CORP | 6.0M | 6.0M | 6.0M | 6.0M | 3.5M | 2.3M | $7M |
| ITRGINTEGRA RES CORP | 9.2M | 9.8M | 8.9M | 6.3M | 5.9M | 2.4M | $7M |
| PDSPRECISION DRILLING CORP | — | — | — | — | 30K | 65K | $6M |
| IAUX/WSi-80 Gold Corp | — | — | — | — | 5.6M | 5.6M | $5M |
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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