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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
+26.78%
1 Year Est. Return
+48.6%
3 Year Est. Return
+148.15%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$831M
AUM Growth
+$177M
Cap. Flow
+$53.1M
Cap. Flow %
6.39%
Top 10 Hldgs %
53.15%
Holding
42
New
1
Increased
31
Reduced
10
Closed
–

Top Buys

Rank Stock Value
1
VAL icon
Valaris
VAL
+$22.9M
2
NE icon
Noble Corp
NE
+$19.8M
3
CNQ icon
Canadian Natural Resources
CNQ
+$13.9M
4
SDRL icon
Seadrill
SDRL
+$338K
5
TDW icon
Tidewater
TDW
+$215K

Top Sells

Rank Stock Value
1
LEU icon
Centrus Energy
LEU
+$5.41M
2
CCJ icon
Cameco
CCJ
+$53.7K
3
HBM icon
Hudbay
HBM
+$51.5K
4
NTR icon
Nutrien
NTR
+$48.7K
5
UEC icon
Uranium Energy
UEC
+$35.8K

Sector Composition

Rank Sector Weight
1 Energy 62.49%
2 Materials 37.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OII icon
26
Oceaneering
OII
$5.09B
$11.5M 1.39%
466,058
+880
+0.2% +$20.2K
DNN icon
27
Denison Mines
DNN
$2.95B
$10.3M 1.24%
3,753,145
-3,841
-0.1% -$8.5K
NG icon
28
NovaGold Resources
NG
$3.35B
$10.1M 1.21%
1,142,489
+14,645
+1% +$89.6K
FANG icon
29
Diamondback Energy
FANG
$55.7B
$9.99M 1.2%
69,832
+155
+0.2% +$22.1K
PAAS icon
30
Pan American Silver
PAAS
$21.8B
$9.61M 1.16%
248,080
+1,472
+0.6% +$47.3K
FCX icon
31
Freeport-McMoran
FCX
$98.7B
$8.84M 1.06%
225,436
+512
+0.2% +$22.2K
CMCL icon
32
Caledonia Mining Corp
CMCL
$439M
$8.48M 1.02%
234,065
+2,000
+0.9% +$50.9K
CRK icon
33
Comstock Resources
CRK
$4.22B
$8.13M 0.98%
409,788
+1,198
+0.3% +$22.2K
IPI icon
34
Intrepid Potash
IPI
$508M
$6.37M 0.77%
208,232
+707
+0.3% +$22.2K
CIVI
35
DELISTED
Civitas Resources
CIVI
$6.28M 0.76%
193,140
+470
+0.2% +$15K
SLB icon
36
SLB Ltd
SLB
$78.9B
$6.25M 0.75%
181,807
+487
+0.3% +$16.9K
URG
37
Ur-Energy
URG
$564M
$5.89M 0.71%
3,292,797
-8,320
-0.3% -$11.3K
EU
38
enCore Energy
EU
$254M
$3.74M 0.45%
1,165,336
+4,016
+0.3% +$10.8K
TFPM icon
39
Triple Flag Precious Metals
TFPM
$6.59B
$2.95M 0.35%
100,724
+636
+0.6% +$16.4K
TMQ
40
Trilogy Metals
TMQ
$670M
$2.85M 0.34%
1,338,321
+58,812
+5% +$105K
BORR
41
Borr Drilling
BORR
$1.28B
$2.8M 0.34%
1,042,699
+8,738
+0.8% +$21.7K
TDW icon
42
Tidewater
TDW
$4.46B
$209K 0.03%
+3,914
New +$215K
1
2

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VCM
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PAIM
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RIA
Regal Investment Advisors Kentwood, Michigan $1.73B AUM 17.74% 1-Year Est. Return
SFI
Siemens Fonds Invest Munich, Germany $1.75B AUM 26.24% 1-Year Est. Return
DF
DNCA Finance Paris, France $1.75B AUM 38.18% 1-Year Est. Return
CIP
CAS Investment Partners Westport, Connecticut $1.75B AUM 41.95% 1-Year Est. Return
CC
Commodore Capital New York $1.73B AUM 298.96% 1-Year Est. Return
ESBC
E.S. Barr & Co Lexington, Kentucky $1.72B AUM 12.69% 1-Year Est. Return

Goehring & Rozencwajg Associates's Q3 2025 Portfolio in Review

As of Q3 2025, Goehring & Rozencwajg Associates held 42 positions worth $831M, up 27% from $654M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Goehring & Rozencwajg Associates deployed $53.1M of net new capital in Q3 2025, opening 1 new position and adding to 31 existing holdings. Its largest new stake was Tidewater: 3,914 shares worth $209K.

By sector, the portfolio is most concentrated in Energy at 62% of assets, down from 64% a quarter earlier, followed by Materials.

On the sell side, the largest reduction was Centrus Energy, an estimated $5.41M trimmed.

  • Goehring & Rozencwajg Associates's largest Q3 2025 buy was Tidewater: 3,914 shares worth $209K.
  • Goehring & Rozencwajg Associates added most to Valaris in Q3 2025, an estimated $22.9M increase.
  • Goehring & Rozencwajg Associates's biggest Q3 2025 reduction was Centrus Energy, cutting an estimated $5.41M.
  • Goehring & Rozencwajg Associates's ten largest holdings make up 53% of its $831M portfolio in Q3 2025.
  • Goehring & Rozencwajg Associates opened 1 new position and closed 0 in Q3 2025.
  • Goehring & Rozencwajg Associates's portfolio value rose 27% quarter-over-quarter to $831M.

Based on Goehring & Rozencwajg Associates's 13F filing for Q3 2025, filed 10 Nov 2025.