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

#	Ticker	Company	Sector	Shares	Value ↓	% Port	Status
1	HBM	HUDBAY MINERALS INC	Basic Materials	824,951	$16.4M	1.62%	SOLD
2	—	SKEENA RES LTD NEW	—	562,975	$13.4M	1.32%	SOLD
3	PAAS	PAN AMERN SILVER CORP	Basic Materials	175,080	$9.1M	0.90%	SOLD
4	—	CIVITAS RESOURCES INC	—	256,605	$7.0M	0.69%	SOLD

Sector Allocation

Energy 85.4%

Basic Materials 13.1%

Technology 1.5%