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TCMG
TSP Capital Management Group Portfolio holdings
AUM
$410M
1-Year Est. Return
71.81%
This Fund
S&P 500
This Quarter
Est. Return
+10.29%
1 Year Est. Return
+71.81%
3 Year Est. Return
+170.89%
5 Year Est. Return
+247.37%
10 Year Est. Return
+1,512.87%
AUM
$319M
AUM Growth
+$14.6M
(+4.8%)
Cap. Flow
-$305M
Cap. Flow
% of AUM
-95.79%
Top 10 Holdings %
Top 10 Hldgs %
51.2%
Holding
46
New
–
Increased
–
Reduced
–
Closed
46
Top Buys
No buys this quarter
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NGD
New Gold Inc
NGD
|
+$23.5M |
| 2 |
Maui Land & Pineapple Co
MLP
|
+$17.9M |
| 3 |
CEMIG Preferred Shares
CIG
|
+$16.8M |
| 4 |
Compañía de Minas Buenaventura
BVN
|
+$15.3M |
| 5 |
Corteva
CTVA
|
+$14.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 31.24% |
| 2 | Utilities | 12.75% |
| 3 | Technology | 12.54% |
| 4 | Healthcare | 10.21% |
| 5 | Industrials | 7.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NGD
1
DELISTED
New Gold Inc
NGD
| – | – |
-5,711,600
| Closed | -$23.5M |
|
|
2
Maui Land & Pineapple Co
MLP
$341M
| – | – |
-1,101,831
| Closed | -$17.9M |
|
|
3
CEMIG Preferred Shares
CIG
$6.09B
| – | – |
-9,194,205
| Closed | -$16.8M |
|
|
4
Compañía de Minas Buenaventura
BVN
$7.85B
| – | – |
-1,005,993
| Closed | -$15.3M |
|
|
5
Corteva
CTVA
$59.7B
| – | – |
-215,272
| Closed | -$14.3M |
|
6
iShares Silver Trust
SLV
$28.1B
| – | – |
-468,075
| Closed | -$14.3M |
|
7
Consolidated Water Co
CWCO
$469M
| – | – |
-485,175
| Closed | -$12.6M |
|
8
Adeia
ADEA
$2.86B
| – | – |
-1,000,968
| Closed | -$12.9M |
|
9
SPDR Gold Trust
GLD
$131B
| – | – |
-43,214
| Closed | -$13.1M |
|
10
Sibanye-Stillwater
SBSW
$5.92B
| – | – |
-1,384,475
| Closed | -$7.57M |
|
11
Xylem
XYL
$28.5B
| – | – |
-100,205
| Closed | -$12.1M |
|
12
Nokia
NOK
$50.8B
| – | – |
-2,280,742
| Closed | -$11.8M |
|
13
MannKind Corp
MNKD
$1.28B
| – | – |
-2,781,350
| Closed | -$12.3M |
|
14
Stratasys
SSYS
$697M
| – | – |
-915,400
| Closed | -$9.28M |
|
15
Waste Management
WM
$95.9B
| – | – |
-42,190
| Closed | -$9.79M |
|
16
Freeport-McMoran
FCX
$90B
| – | – |
-215,925
| Closed | -$8.2M |
|
17
Novavax
NVAX
$1.23B
| – | – |
-1,352,165
| Closed | -$8.95M |
|
|
TMQ
18
Trilogy Metals
TMQ
$522M
| – | – |
-5,222,500
| Closed | -$7.35M |
|
19
Celldex Therapeutics
CLDX
$2.77B
| – | – |
-335,977
| Closed | -$6.54M |
|
20
Newmont
NEM
$98.2B
| – | – |
-124,609
| Closed | -$6.65M |
|
21
Middlesex Water
MSEX
$1.05B
| – | – |
-109,217
| Closed | -$6.47M |
|
22
Coeur Mining
CDE
$15.6B
| – | – |
-709,850
| Closed | -$5.17M |
|
|
MPV
23
Barings Participation Investors
MPV
$168M
| – | – |
-293,222
| Closed | -$5.16M |
|
24
Warner Bros
WBD
$64.6B
| – | – |
-482,423
| Closed | -$4.5M |
|
|
BGH
25
Barings Global Short Duration High Yield Fund
BGH
$281M
| – | – |
-335,901
| Closed | -$4.9M |
|
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TSP Capital Management Group's Q2 2025 Portfolio in Review
As of Q2 2025, TSP Capital Management Group held 46 positions worth $319M, up 4.8% from $304M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
TSP Capital Management Group withdrew a net $305M in Q2 2025, closing 46 positions. Its most notable exit was New Gold Inc, an estimated $23.5M position sold in full.
By sector, the portfolio is most concentrated in Materials at 31% of assets, up from 28% a quarter earlier, followed by Utilities and Technology.
- TSP Capital Management Group fully exited New Gold Inc in Q2 2025, selling an estimated $23.5M.
- TSP Capital Management Group's ten largest holdings make up 51% of its $319M portfolio in Q2 2025.
- TSP Capital Management Group opened 0 new positions and closed 46 in Q2 2025.
- TSP Capital Management Group's portfolio value rose 4.8% quarter-over-quarter to $319M.
Based on TSP Capital Management Group's 13F filing for Q2 2025, filed 11 Aug 2025.