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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
-0.08%
1 Year Est. Return
+48.6%
3 Year Est. Return
+148.15%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$293M
AUM Growth
+$11.8M
Cap. Flow
+$18.3M
Cap. Flow %
6.25%
Top 10 Hldgs %
47.54%
Holding
48
New
1
Increased
42
Reduced
4
Closed
1

Top Buys

Rank Stock Value
1
IE icon
Ivanhoe Electric
IE
+$4.87M
2
RRC icon
Range Resources
RRC
+$1.55M
3
TFPM icon
Triple Flag Precious Metals
TFPM
+$998K
4
AR icon
Antero Resources
AR
+$938K
5
PXD
Pioneer Natural Resource Co.
PXD
+$864K

Top Sells

Rank Stock Value
1
MMX
Maverix Metals Inc. Common Shares
MMX
+$939K
2
AMR icon
Alpha Metallurgical Resources
AMR
+$287K
3
CNR
Core Natural Resources Inc
CNR
+$197K
4
ARCH
Arch Resources, Inc.
ARCH
+$109K
5
CMCL icon
Caledonia Mining Corp
CMCL
+$71.2K

Sector Composition

Rank Sector Weight
1 Energy 70.34%
2 Materials 29.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CTVA icon
26
Corteva
CTVA
$51B
$4.17M 1.42%
69,219
+2,976
+4% +$182K
ORLA
27
DELISTED
Orla Mining
ORLA
$4.14M 1.41%
873,624
+22,305
+3% +$95.2K
UUUU icon
28
Energy Fuels
UUUU
$3.57B
$4.01M 1.37%
718,329
+35,514
+5% +$230K
ERO icon
29
Ero Copper
ERO
$3.81B
$3.87M 1.32%
218,664
+11,915
+6% +$192K
IPI icon
30
Intrepid Potash
IPI
$508M
$3.77M 1.29%
136,614
+7,613
+6% +$232K
NXE icon
31
NexGen Energy
NXE
$6.91B
$3.69M 1.26%
963,527
+100,200
+12% +$431K
EQX icon
32
Equinox Gold
EQX
$13.5B
$3.51M 1.2%
683,034
+17,077
+3% +$71.1K
RIG icon
33
Transocean
RIG
$6.39B
$3.4M 1.16%
534,095
+21,755
+4% +$140K
PAAS icon
34
Pan American Silver
PAAS
$21.8B
$3.15M 1.07%
172,856
+4,339
+3% +$74.6K
DNN icon
35
Denison Mines
DNN
$2.95B
$2.65M 0.91%
2,434,679
+104,550
+4% +$129K
VTLE
36
DELISTED
Vital Energy
VTLE
$2.51M 0.86%
55,073
+2,910
+6% +$145K
VAL icon
37
Valaris
VAL
$5.94B
$2.43M 0.83%
37,410
+1,680
+5% +$117K
NOV icon
38
NOV
NOV
$7.38B
$2.4M 0.82%
129,555
+6,636
+5% +$143K
OVV icon
39
Ovintiv
OVV
$17.6B
$2.24M 0.76%
61,979
+3,610
+6% +$159K
UEC icon
40
Uranium Energy
UEC
$5.63B
$2.23M 0.76%
773,108
+42,035
+6% +$152K
CMCL icon
41
Caledonia Mining Corp
CMCL
$439M
$2.07M 0.71%
136,097
-5,080
-4% -$71.2K
PR
42
Permian Resources
PR
$17.8B
$1.82M 0.62%
173,692
+7,852
+5% +$80.2K
SKE
43
Skeena Resources
SKE
$4.1B
$1.76M 0.6%
286,895
+12,830
+5% +$73.9K
NG icon
44
NovaGold Resources
NG
$3.35B
$1.38M 0.47%
221,803
+9,620
+5% +$58.6K
TFPM icon
45
Triple Flag Precious Metals
TFPM
$6.59B
$1.09M 0.37%
+73,221
New +$998K
CPE
46
DELISTED
Callon Petroleum Company
CPE
$849K 0.29%
25,375
+650
+3% +$24.5K
TMQ
47
Trilogy Metals
TMQ
$670M
$750K 0.26%
1,408,006
+34,337
+2% +$20.3K
MMX
48
DELISTED
Maverix Metals Inc. Common Shares
MMX
– –
-201,498
Closed -$939K
1
2

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RIA
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Goehring & Rozencwajg Associates's Q1 2023 Portfolio in Review

As of Q1 2023, Goehring & Rozencwajg Associates held 48 positions worth $293M, up 4.2% from $281M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Goehring & Rozencwajg Associates deployed $18.3M of net new capital in Q1 2023, opening 1 new position and adding to 42 existing holdings. Its largest new stake was Triple Flag Precious Metals: 73,221 shares worth $1.09M.

By sector, the portfolio is most concentrated in Energy at 70% of assets, down from 73% a quarter earlier, followed by Materials.

On the sell side, the largest reduction was Alpha Metallurgical Resources, an estimated $287K trimmed.

  • Goehring & Rozencwajg Associates's largest Q1 2023 buy was Triple Flag Precious Metals: 73,221 shares worth $1.09M.
  • Goehring & Rozencwajg Associates added most to Ivanhoe Electric in Q1 2023, an estimated $4.87M increase.
  • Goehring & Rozencwajg Associates's biggest Q1 2023 reduction was Alpha Metallurgical Resources, cutting an estimated $287K.
  • Goehring & Rozencwajg Associates fully exited Maverix Metals Inc. Common Shares in Q1 2023, selling an estimated $939K.
  • Goehring & Rozencwajg Associates's ten largest holdings make up 48% of its $293M portfolio in Q1 2023.
  • Goehring & Rozencwajg Associates opened 1 new position and closed 1 in Q1 2023.
  • Goehring & Rozencwajg Associates's portfolio value rose 4.2% quarter-over-quarter to $293M.

Based on Goehring & Rozencwajg Associates's 13F filing for Q1 2023, filed 9 May 2023.