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GRA
Goehring & Rozencwajg Associates Portfolio holdings
AUM
$1.74B
1-Year Est. Return
48.6%
This Fund
S&P 500
This Quarter
Est. Return
-17.01%
1 Year Est. Return
+48.6%
3 Year Est. Return
+148.15%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$1.74B
AUM Growth
-$122M
(-6.6%)
Cap. Flow
+$228M
Cap. Flow
% of AUM
13.11%
Top 10 Holdings %
Top 10 Hldgs %
58.4%
Holding
43
New
–
Increased
39
Reduced
1
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alpha Metallurgical Resources
AMR
|
+$61.5M |
| 2 |
Nutrien
NTR
|
+$44.2M |
| 3 |
CNR
Core Natural Resources Inc
CNR
|
+$34.8M |
| 4 |
Warrior Met Coal
HCC
|
+$31.9M |
| 5 |
Canadian Natural Resources
CNQ
|
+$9.79M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alamos Gold
AGI
|
+$30.5M |
| 2 |
Equinox Gold
EQX
|
+$18.5M |
| 3 |
Freeport-McMoran
FCX
|
+$6.51M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 76.73% |
| 2 | Materials | 23.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Diamondback Energy
FANG
$55.8B
| $21M | 1.21% |
119,576
+6,087
| +5% | +$1.18M |
|
27
NexGen Energy
NXE
$7.19B
| $18.4M | 1.06% |
1,964,702
+153,759
| +8% | +$1.75M |
|
28
Denison Mines
DNN
$3.1B
| $15.7M | 0.9% |
5,117,155
+396,540
| +8% | +$1.38M |
|
29
Comstock Resources
CRK
$4.48B
| $13.5M | 0.78% |
907,267
+45,409
| +5% | +$694K |
|
30
SM Energy
SM
$8.67B
| $13.4M | 0.77% |
513,406
+25,676
| +5% | +$771K |
|
31
Intrepid Potash
IPI
$545M
| $9.76M | 0.56% |
297,866
+30,769
| +12% | +$1.17M |
|
|
BORR
32
Borr Drilling
BORR
$1.4B
| $9.25M | 0.53% |
2,238,675
+119,210
| +6% | +$644K |
|
|
TMQ
33
Trilogy Metals
TMQ
$570M
| $6.2M | 0.36% |
1,775,530
+47,377
| +3% | +$195K |
|
|
URG
34
Ur-Energy
URG
$557M
| $5.96M | 0.34% |
4,384,124
+131,030
| +3% | +$214K |
|
35
NovaGold Resources
NG
$3.54B
| $4.24M | 0.24% |
710,721
+17,980
| +3% | +$150K |
|
36
Caledonia Mining Corp
CMCL
$509M
| $3M | 0.17% |
156,906
+3,642
| +2% | +$82.7K |
|
|
EU
37
enCore Energy
EU
$241M
| $1.98M | 0.11% |
1,508,483
+43,759
| +3% | +$73.6K |
|
38
Triple Flag Precious Metals
TFPM
$6.99B
| $1.84M | 0.11% |
61,584
+1,313
| +2% | +$42.2K |
|
|
ORLA
39
DELISTED
Orla Mining
ORLA
| $1.61M | 0.09% |
165,196
+3,612
| +2% | +$48.1K |
|
|
40
Freeport-McMoran
FCX
$104B
| $1.37M | 0.08% |
21,912
-101,340
| -82% | -$6.51M |
|
41
Tidewater
TDW
$4.69B
| $261K | 0.02% |
3,914
| – | – |
|
|
42
Alamos Gold
AGI
$15.5B
| – | – |
-686,587
| Closed | -$30.5M |
|
|
43
Equinox Gold
EQX
$15B
| – | – |
-1,283,253
| Closed | -$18.5M |
|
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Goehring & Rozencwajg Associates's Q2 2026 Portfolio in Review
As of Q2 2026, Goehring & Rozencwajg Associates held 43 positions worth $1.74B, down 6.6% from $1.86B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Goehring & Rozencwajg Associates deployed $228M of net new capital in Q2 2026, adding to 39 existing holdings.
By sector, the portfolio is most concentrated in Energy at 77% of assets, down from 79% a quarter earlier, followed by Materials.
On the sell side, the largest reduction was Freeport-McMoran, an estimated $6.51M trimmed.
- Goehring & Rozencwajg Associates added most to Alpha Metallurgical Resources in Q2 2026, an estimated $61.5M increase.
- Goehring & Rozencwajg Associates's biggest Q2 2026 reduction was Freeport-McMoran, cutting an estimated $6.51M.
- Goehring & Rozencwajg Associates fully exited Alamos Gold in Q2 2026, selling an estimated $30.5M.
- Goehring & Rozencwajg Associates's ten largest holdings make up 58% of its $1.74B portfolio in Q2 2026.
- Goehring & Rozencwajg Associates opened 0 new positions and closed 2 in Q2 2026.
- Goehring & Rozencwajg Associates's portfolio value fell 6.6% quarter-over-quarter to $1.74B.
Based on Goehring & Rozencwajg Associates's 13F filing for Q2 2026, filed 5 Aug 2026.