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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
+4.83%
1 Year Est. Return
+48.6%
3 Year Est. Return
+148.15%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$348M
AUM Growth
+$54.5M
Cap. Flow
+$42.4M
Cap. Flow %
12.21%
Top 10 Hldgs %
48.37%
Holding
54
New
7
Increased
39
Reduced
4
Closed
4

Top Buys

Rank Stock Value
1
IE icon
Ivanhoe Electric
IE
+$5.69M
2
BORR
Borr Drilling
BORR
+$5.46M
3
SDRL icon
Seadrill
SDRL
+$5.17M
4
CRK icon
Comstock Resources
CRK
+$4.85M
5
PXD
Pioneer Natural Resource Co.
PXD
+$4.79M

Top Sells

Rank Stock Value
1
PDCE
PDC Energy, Inc.
PDCE
+$9.69M
2
OVV icon
Ovintiv
OVV
+$2.24M
3
PR
Permian Resources
PR
+$1.82M
4
CPE
Callon Petroleum Company
CPE
+$849K
5
AMR icon
Alpha Metallurgical Resources
AMR
+$615K

Sector Composition

Rank Sector Weight
1 Energy 71.61%
2 Materials 28.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
UUUU icon
26
Energy Fuels
UUUU
$3.57B
$4.98M 1.43%
797,779
+79,450
+11% +$467K
ERO icon
27
Ero Copper
ERO
$3.75B
$4.9M 1.41%
242,013
+23,349
+11% +$442K
LEU icon
28
Centrus Energy
LEU
$3.79B
$4.88M 1.4%
149,873
+14,870
+11% +$460K
ARCH
29
DELISTED
Arch Resources, Inc.
ARCH
$4.71M 1.35%
41,726
-2,776
-6% -$333K
UEC icon
30
Uranium Energy
UEC
$5.62B
$4.69M 1.35%
1,379,915
+606,807
+78% +$1.73M
APA icon
31
APA Corp
APA
$14.1B
$4.51M 1.3%
132,920
+2,639
+2% +$92.1K
RIG icon
32
Transocean
RIG
$6.29B
$4.16M 1.2%
593,129
+59,034
+11% +$365K
ORLA
33
DELISTED
Orla Mining
ORLA
$4.07M 1.17%
970,464
+96,840
+11% +$431K
CTVA icon
34
Corteva
CTVA
$51.5B
$4.01M 1.15%
70,055
+836
+1% +$48.8K
EQX icon
35
Equinox Gold
EQX
$13.5B
$3.48M 1%
758,774
+75,740
+11% +$380K
IPI icon
36
Intrepid Potash
IPI
$488M
$3.44M 0.99%
151,629
+15,015
+11% +$340K
DNN icon
37
Denison Mines
DNN
$2.94B
$3.38M 0.97%
2,703,849
+269,170
+11% +$299K
PAAS icon
38
Pan American Silver
PAAS
$21.7B
$2.8M 0.81%
192,006
+19,150
+11% +$316K
HBM icon
39
Hudbay
HBM
$12.3B
$2.75M 0.79%
+573,737
New +$2.8M
VAL icon
40
Valaris
VAL
$5.89B
$2.6M 0.75%
41,333
+3,923
+10% +$236K
NOV icon
41
NOV
NOV
$7.32B
$2.31M 0.66%
143,750
+14,195
+11% +$231K
URG
42
Ur-Energy
URG
$552M
$2.19M 0.63%
+2,086,378
New +$2.01M
EU
43
enCore Energy
EU
$247M
$2.04M 0.59%
+845,100
New +$1.89M
VTLE
44
DELISTED
Vital Energy
VTLE
$1.88M 0.54%
41,643
-13,430
-24% -$607K
CMCL icon
45
Caledonia Mining Corp
CMCL
$436M
$1.79M 0.51%
155,707
+19,610
+14% +$275K
SKE
46
Skeena Resources
SKE
$4.08B
$1.54M 0.44%
318,595
+31,700
+11% +$186K
TFPM icon
47
Triple Flag Precious Metals
TFPM
$6.59B
$1.11M 0.32%
80,781
+7,560
+10% +$114K
NG icon
48
NovaGold Resources
NG
$3.36B
$996K 0.29%
249,713
+27,910
+13% +$150K
TMQ
49
Trilogy Metals
TMQ
$669M
$868K 0.25%
1,552,906
+144,900
+10% +$81.8K
TDW icon
50
Tidewater
TDW
$4.3B
$217K 0.06%
+3,914
New +$179K
1
2
3

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RIA
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SFI
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Goehring & Rozencwajg Associates's Q2 2023 Portfolio in Review

As of Q2 2023, Goehring & Rozencwajg Associates held 54 positions worth $348M, up 19% from $293M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Goehring & Rozencwajg Associates deployed $42.4M of net new capital in Q2 2023, opening 7 new positions and adding to 39 existing holdings. Its largest new stake was Borr Drilling: 762,480 shares worth $5.74M.

By sector, the portfolio is most concentrated in Energy at 72% of assets, up from 70% a quarter earlier, followed by Materials.

On the sell side, the largest reduction was Alpha Metallurgical Resources, an estimated $615K trimmed.

  • Goehring & Rozencwajg Associates's largest Q2 2023 buy was Borr Drilling: 762,480 shares worth $5.74M.
  • Goehring & Rozencwajg Associates added most to Ivanhoe Electric in Q2 2023, an estimated $5.69M increase.
  • Goehring & Rozencwajg Associates's biggest Q2 2023 reduction was Alpha Metallurgical Resources, cutting an estimated $615K.
  • Goehring & Rozencwajg Associates fully exited PDC Energy, Inc. in Q2 2023, selling an estimated $9.69M.
  • Goehring & Rozencwajg Associates's ten largest holdings make up 48% of its $348M portfolio in Q2 2023.
  • Goehring & Rozencwajg Associates opened 7 new positions and closed 4 in Q2 2023.
  • Goehring & Rozencwajg Associates's portfolio value rose 19% quarter-over-quarter to $348M.

Based on Goehring & Rozencwajg Associates's 13F filing for Q2 2023, filed 14 Aug 2023.