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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
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 AGI ALAMOS GOLD INC Basic Materials 686,587.0 $30.5M 1.64% -94K -12.1% $44.43 -16.0%
2 EQX EQUINOX GOLD CORP Basic Materials 1,283,253.0 $18.5M 0.99% -182K -12.4% $14.44 -23.7%
3 FCX FREEPORT MCMORAN INC Basic Materials 123,252.0 $7.2M 0.39% -114K -48.1% $58.78 +17.5%
4 NG NOVAGOLD RESOURCES INC Basic Materials 692,741.0 $6.2M 0.33% -107K -13.4% $8.98 -9.8%
5 CMCL CALEDONIA MNG CORP Basic Materials 153,264.0 $3.5M 0.19% -12K -7.3% $22.59 -9.2%
6 ORLA ORLA MNG LTD NEW Basic Materials 161,584.0 $2.6M 0.14% -616K -79.2% $16.08 -30.8%
7 TRIPLE FLAG PRECIOUS METAL 60,271.0 $2.1M 0.11% -8K -11.4% $34.71

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%