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Portfolio (Quarterly) Guide ↗

Goehring & Rozencwajg Associates, LLC

· CIK 0001863154
13F Portfolio $1.9B AUM 43 positions Filed May 5, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 4 New 31 Added 7 Reduced 4 Exited
Page 2 of 2  ·  31 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 EXPAND ENERGY CORPORATION 225,860.0 $24.8M 1.33% +60K +36.6% $109.78
22 MOS MOSAIC CO Basic Materials 922,305.0 $23.5M 1.26% +471K +104.5% $25.50 -11.7%
23 FANG DIAMONDBACK ENERGY INC Energy 113,489.0 $22.4M 1.21% +28K +33.1% $197.79 -6.2%
24 NXE NEXGEN ENERGY LTD Energy 1,810,943.0 $21.0M 1.13% +292K +19.2% $11.60 -9.6%
25 CRK COMSTOCK RES INC Energy 861,858.0 $18.2M 0.98% +223K +34.8% $21.08 -37.7%
26 DNN DENISON MINES CORP Energy 4,720,615.0 $16.7M 0.90% +768K +19.4% $3.53 -6.2%
27 BORR DRILLING LTD 2,119,465.0 $12.2M 0.66% +496K +30.6% $5.77
28 IPI INTREPID POTASH INC Basic Materials 267,097.0 $11.4M 0.61% +48K +21.8% $42.77 -18.1%
29 URG UR-ENERGY INC Energy 4,253,094.0 $6.3M 0.34% +785K +22.6% $1.49 +4.0%
30 TMQ TRILOGY METALS INC NEW Basic Materials 1,728,153.0 $6.2M 0.33% +320K +22.7% $3.60 +5.3%
31 ENCORE ENERGY CORP 1,464,724.0 $2.6M 0.14% +237K +19.4% $1.80
Page 2 of 2  ·  31 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Energy 85.4%
Basic Materials 13.1%
Technology 1.5%