Latest AEGIS FINANCIAL CORP Stock Portfolio

AEGIS FINANCIAL CORP Performance:

2025 Q4: 7.95%YTD: 34.72%2024: 11.28%

Performance for 2025 Q4 is 7.95%, and YTD is 34.72%, and 2024 is 11.28%.

About AEGIS FINANCIAL CORP and 13F Hedge Fund Stock Holdings

AEGIS FINANCIAL CORP is a hedge fund based in Mclean, VA. On 2026-02-12, the fund reported it's updated stock portfolio. In the 13F Holdings report, AEGIS FINANCIAL CORP reported an equity portfolio of $419.3 Millions as of 31 Dec, 2025.

The top stock holdings of AEGIS FINANCIAL CORP are EQX, CVE, PDS. The fund has invested 15% of it's portfolio in EQUINOX GOLD CORP and 13.9% of portfolio in CENOVUS ENERGY INC.

The fund managers got completely rid off MIND TECHNOLOGY INC (MIND) and WEST FRASER TIMBER CO LTD (WFG) stocks. They significantly reduced their stock positions in ISHARES SILVER TR (SLV), HALLADOR ENERGY COMPANY (HNRG) and EQUINOX GOLD CORP (EQX). AEGIS FINANCIAL CORP opened new stock positions in ADVANSIX INC (ASIX), MOSAIC CO NEW (MOS) and RYERSON HLDG CORP (RYI). The fund showed a lot of confidence in some stocks as they added substantially to CENOVUS ENERGY INC (CVE), VERMILION ENERGY INC (VET) and NORTH AMERN CONSTR GROUP LTD (NOA).

AEGIS FINANCIAL CORP Annual Return Estimates Vs S&P 500

Our best estimate is that AEGIS FINANCIAL CORP made a return of 7.95% in the last quarter. In trailing 12 months, it's portfolio return was 34.72%.

Performance
S&P 500

New Buys

Ticker	$ Bought
advansix inc	20,926,600
mosaic co new	20,564,100
ryerson hldg corp	17,797,900
rlj lodging tr	9,475,040
first internet bancorp	5,224,180
chatham lodging tr	4,620,790
olympic steel inc	3,145,340
village super mkt inc	1,972,670

New stocks bought by AEGIS FINANCIAL CORP

Additions

Ticker	% Inc.
cenovus energy inc	275
vermilion energy inc	51.69
north amern constr group ltd	23.31
precision drilling corp	11.43
bassett furniture inds inc	5.25

Additions to existing portfolio by AEGIS FINANCIAL CORP

Reductions

Ticker	% Reduced
ishares silver tr	-49.98
hallador energy company	-9.79
equinox gold corp	-7.14
eldorado gold corp new	-6.06
galiano gold inc	-3.75
mercer intl inc	-0.03
pbf energy inc	-0.03

AEGIS FINANCIAL CORP reduced stake in above stock

Sold off

Ticker	$ Sold
mind technology inc	-643,737
west fraser timber co ltd	-213,675

AEGIS FINANCIAL CORP got rid off the above stocks

Sector Distribution

AEGIS FINANCIAL CORP has about 56.5% of it's holdings in Others sector.

Sector	%
Others	56.5
Energy	21
Basic Materials	10.9
Industrials	4.2
Real Estate	3.4
Financial Services	2
Consumer Cyclical	2

Market Cap. Distribution

AEGIS FINANCIAL CORP has about 0% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	56.5
SMALL-CAP	27
MID-CAP	12.2
MICRO-CAP	4.2

Stocks belong to which Index?

About 35% of the stocks held by AEGIS FINANCIAL CORP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	65
RUSSELL 2000	30.1
S&P 500	4.9

Top 5 Winners (%)		%
IAUX	i-80 gold corp	54.3 %
	enerflex ltd	43.1 %
SLV	ishares silver tr	39.0 %
PDS	precision drilling corp	25.8 %
DC	dakota gold corp	24.8 %

Top 5 Winners ($)		$
EQX	equinox gold corp	13.3 M
PDS	precision drilling corp	7.4 M
NGS	natural gas svcs group inc	3.8 M
EGO	eldorado gold corp new	2.8 M
	enerflex ltd	2.6 M

Top 5 Losers (%)		%
MERC	mercer intl inc	-31.3 %
ASC	ardmore shipping corp	-10.8 %
PBF	pbf energy inc	-10.1 %
HNNA	hennessy advisors inc	-8.1 %
TDW	tidewater inc new	-5.3 %

Top 5 Losers ($)		$
PBF	pbf energy inc	-1.9 M
HNRG	hallador energy company	-1.0 M
TDW	tidewater inc new	-0.8 M
MERC	mercer intl inc	-0.3 M
CVE	cenovus energy inc	-0.2 M

AEGIS FINANCIAL CORP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of AEGIS FINANCIAL CORP

AEGIS FINANCIAL CORP has 33 stocks in it's portfolio. About 73.3% of the portfolio is in top 10 stocks. PBF proved to be the most loss making stock for the portfolio. EQX was the most profitable stock for AEGIS FINANCIAL CORP last quarter.

Last Reported on: 12 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ASC	ardmore shipping corp	0.23	89,612	948,991	unchanged	0.00

ASIX	advansix inc	4.99	1,209,630	20,926,600	new

ASTL	algoma stl group inc	1.75	1,786,120	7,323,100	unchanged	0.00

BSET	bassett furniture inds inc	2.00	501,119	8,398,750	added	5.25

CEF	sprott asset management lp	0.08	7,474	342,309	unchanged	0.00

CLDT	chatham lodging tr	1.10	678,530	4,620,790	new

CVE	cenovus energy inc	13.94	3,454,120	58,443,700	added	275

DC	dakota gold corp	0.04	30,000	170,400	unchanged	0.00

EGO	eldorado gold corp new	3.32	387,779	13,929,000	reduced	-6.06

EQX	equinox gold corp	15.02	4,474,090	62,968,900	reduced	-7.14

GAU	galiano gold inc	3.89	6,409,320	16,320,200	reduced	-3.75

GLD	spdr gold tr	0.08	828	328,145	unchanged	0.00

HNNA	hennessy advisors inc	0.32	141,353	1,356,990	unchanged	0.00

HNRG	hallador energy company	8.24	1,814,030	34,539,100	reduced	-9.79

IAUX	i-80 gold corp	0.40	1,126,350	1,660,020	unchanged	0.00

INBK	first internet bancorp	1.25	250,320	5,224,180	new

MERC	mercer intl inc	0.15	308,927	611,675	reduced	-0.03

MIND	mind technology inc	0.00	0.00	0.00	sold off	-100

MOS	mosaic co new	4.90	853,638	20,564,100	new

NGS	natural gas svcs group inc	5.39	671,112	22,582,900	unchanged	0.00