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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
+28.59%
1 Year Est. Return
+48.6%
3 Year Est. Return
+148.15%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$654M
AUM Growth
+$102M
Cap. Flow
+$17.5M
Cap. Flow %
2.68%
Top 10 Hldgs %
56.85%
Holding
42
New
–
Increased
13
Reduced
28
Closed
1

Top Buys

Rank Stock Value
1
SDRL icon
Seadrill
SDRL
+$11.4M
2
VAL icon
Valaris
VAL
+$9.82M
3
NTR icon
Nutrien
NTR
+$6.17M
4
EQX icon
Equinox Gold
EQX
+$4.43M
5
SBSW icon
Sibanye-Stillwater
SBSW
+$3.28M

Top Sells

Rank Stock Value
1
SKE
Skeena Resources
SKE
+$3.72M
2
LEU icon
Centrus Energy
LEU
+$2.88M
3
RIG icon
Transocean
RIG
+$2.84M
4
ORLA
Orla Mining
ORLA
+$2.3M
5
AGI icon
Alamos Gold
AGI
+$1.39M

Sector Composition

Rank Sector Weight
1 Energy 64.14%
2 Materials 35.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FANG icon
26
Diamondback Energy
FANG
$55B
$9.57M 1.46%
69,677
-7
-0% -$970
AMR icon
27
Alpha Metallurgical Resources
AMR
$1.92B
$8.31M 1.27%
73,893
+204
+0.3% +$23.8K
HBM icon
28
Hudbay
HBM
$12.4B
$8.26M 1.26%
778,065
-19,583
-2% -$163K
IPI icon
29
Intrepid Potash
IPI
$491M
$7.41M 1.13%
207,525
-6,452
-3% -$220K
PAAS icon
30
Pan American Silver
PAAS
$21.7B
$7M 1.07%
246,608
-35,991
-13% -$931K
DNN icon
31
Denison Mines
DNN
$2.93B
$6.84M 1.05%
3,756,986
-36,218
-1% -$54.9K
UUUU icon
32
Energy Fuels
UUUU
$3.56B
$6.72M 1.03%
1,168,516
-2,706
-0.2% -$13K
SLB icon
33
SLB Ltd
SLB
$77.8B
$6.13M 0.94%
181,320
-3,851
-2% -$134K
CIVI
34
DELISTED
Civitas Resources
CIVI
$5.3M 0.81%
192,670
+3,043
+2% +$88.1K
NG icon
35
NovaGold Resources
NG
$3.37B
$4.61M 0.71%
1,127,844
+748,216
+197% +$2.8M
CMCL icon
36
Caledonia Mining Corp
CMCL
$441M
$4.48M 0.69%
232,065
+31
+0% +$485
URG
37
Ur-Energy
URG
$556M
$3.47M 0.53%
3,301,117
+80,997
+3% +$64.7K
EU
38
enCore Energy
EU
$251M
$3.32M 0.51%
1,161,320
-603
-0.1% -$1.08K
TFPM icon
39
Triple Flag Precious Metals
TFPM
$6.62B
$2.37M 0.36%
100,088
-1,768
-2% -$38.7K
BORR
40
Borr Drilling
BORR
$1.27B
$1.89M 0.29%
1,033,961
-22,151
-2% -$41.9K
TMQ
41
Trilogy Metals
TMQ
$665M
$1.74M 0.27%
1,279,509
-123,288
-9% -$174K
RIG icon
42
Transocean
RIG
$6.31B
– –
-876,712
Closed -$2.84M
1
2

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RIA
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SFI
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DF
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CIP
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CC
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ESBC
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Goehring & Rozencwajg Associates's Q2 2025 Portfolio in Review

As of Q2 2025, Goehring & Rozencwajg Associates held 42 positions worth $654M, up 19% from $552M the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Trading was light in Q2 2025: portfolio turnover was 2.4%. Goehring & Rozencwajg Associates opened no new positions and exited 1, leaving the 42-position portfolio largely intact.

By sector, the portfolio is most concentrated in Energy at 64% of assets, down from 65% a quarter earlier, followed by Materials.

  • Goehring & Rozencwajg Associates added most to Seadrill in Q2 2025, an estimated $11.4M increase.
  • Goehring & Rozencwajg Associates's biggest Q2 2025 reduction was Skeena Resources, cutting an estimated $3.72M.
  • Goehring & Rozencwajg Associates fully exited Transocean in Q2 2025, selling an estimated $2.84M.
  • Goehring & Rozencwajg Associates's ten largest holdings make up 57% of its $654M portfolio in Q2 2025.
  • Goehring & Rozencwajg Associates opened 0 new positions and closed 1 in Q2 2025.
  • Goehring & Rozencwajg Associates's portfolio value rose 19% quarter-over-quarter to $654M.

Based on Goehring & Rozencwajg Associates's 13F filing for Q2 2025, filed 12 Aug 2025.