Latest Goehring & Rozencwajg Associates, LLC Stock Portfolio

Goehring & Rozencwajg Associates, LLC Performance:

2025 Q4: 4.44%YTD: 47.64%2024: -0.93%

Performance for 2025 Q4 is 4.44%, and YTD is 47.64%, and 2024 is -0.93%.

About Goehring & Rozencwajg Associates, LLC and 13F Hedge Fund Stock Holdings

On 2026-02-13, the fund reported it's updated stock portfolio. In the 13F Holdings report, Goehring & Rozencwajg Associates, LLC reported an equity portfolio of $1 Billions as of 31 Dec, 2025.

The top stock holdings of Goehring & Rozencwajg Associates, LLC are RRC, , CNQ. The fund has invested 7% of it's portfolio in RANGE RES CORP and 6.6% of portfolio in SEADRILL LTD.

The fund managers got completely rid off TIDEWATER INC NEW (TDW) stocks. They significantly reduced their stock positions in SKEENA RES LTD NEW (SKE), EQUINOX GOLD CORP (EQX) and ORLA MNG LTD NEW (ORLA). Goehring & Rozencwajg Associates, LLC opened new stock positions in PERMIAN RESOURCES CORP (PR) and SUNCOR ENERGY INC NEW (SU). The fund showed a lot of confidence in some stocks as they added substantially to SLB LIMITED (SLB), CANADIAN NAT RES LTD (CNQ) and COMSTOCK RES INC (CRK).

Goehring & Rozencwajg Associates, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Goehring & Rozencwajg Associates, LLC made a return of 4.44% in the last quarter. In trailing 12 months, it's portfolio return was 47.64%.

Performance
S&P 500

New Buys

Ticker	$ Bought
permian resources corp	7,169,790
suncor energy inc new	0.00

New stocks bought by Goehring & Rozencwajg Associates, LLC

Additions

Ticker	% Inc.
slb limited	415
canadian nat res ltd	89.3
comstock res inc	56.00
borr drilling ltd	55.67
expand energy corporation	49.25
antero resources corp	43.65
eqt corp	42.22
range res corp	41.95

Additions to existing portfolio by Goehring & Rozencwajg Associates, LLC

Reductions

Ticker	% Reduced
skeena res ltd new	-35.65
equinox gold corp	-34.97
orla mng ltd new	-34.22
alamos gold inc new	-33.47
triple flag precious metal	-32.47
novagold res inc	-29.99
pan amern silver corp	-29.43
caledonia mng corp plc	-29.38

Goehring & Rozencwajg Associates, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
tidewater inc new	-208,734

Goehring & Rozencwajg Associates, LLC got rid off the above stocks

Sector Distribution

Goehring & Rozencwajg Associates, LLC has about 49.8% of it's holdings in Others sector.

Sector	%
Others	49.8
Energy	41.6
Basic Materials	8.6

Market Cap. Distribution

Goehring & Rozencwajg Associates, LLC has about 15.3% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	49.5
MID-CAP	31.5
LARGE-CAP	15.3
SMALL-CAP	3.8

Stocks belong to which Index?

About 37.7% of the stocks held by Goehring & Rozencwajg Associates, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	62.3
RUSSELL 2000	26.1
S&P 500	11.6

Top 5 Winners (%)		%
TMQ	trilogy metals inc new	98.8 %
BORR	borr drilling ltd	37.6 %
HBM	hudbay minerals inc	29.9 %
PAAS	pan amern silver corp	28.8 %
FCX	freeport-mcmoran inc	28.5 %

Top 5 Winners ($)		$
SBSW	sibanye stillwater ltd	10.4 M
	seadrill ltd	7.9 M
IE	ivanhoe electric inc	6.0 M
EQX	equinox gold corp	5.3 M
CCJ	cameco corp	5.1 M

Top 5 Losers (%)		%
MOS	mosaic co new	-30.0 %
CMCL	caledonia mng corp plc	-23.6 %
EU	encore energy corp	-22.3 %
URG	ur-energy inc	-21.9 %
LEU	centrus energy corp	-21.2 %

Top 5 Losers ($)		$
LEU	centrus energy corp	-11.2 M
MOS	mosaic co new	-4.7 M
RRC	range res corp	-4.1 M
UEC	uranium energy corp	-2.9 M
CMCL	caledonia mng corp plc	-2.0 M

Goehring & Rozencwajg Associates, LLC Holdings Map

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

Current Stock Holdings of Goehring & Rozencwajg Associates, LLC

Goehring & Rozencwajg Associates, LLC has 43 stocks in it's portfolio. About 54.1% of the portfolio is in top 10 stocks. LEU proved to be the most loss making stock for the portfolio. SBSW was the most profitable stock for Goehring & Rozencwajg Associates, LLC last quarter.

Last Reported on: 13 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AGI	alamos gold inc new	2.98	780,651	30,117,500	reduced	-33.47

AMR	alpha metallurgical resour i	1.56	78,895	15,769,500	added	5.99

AR	antero resources corp	4.04	1,183,620	40,787,500	added	43.65

BORR	borr drilling ltd	0.65	1,623,160	6,541,350	added	55.67

CCJ	cameco corp	6.19	682,952	62,483,300	added	5.35

CHK	expand energy corporation	1.81	165,368	18,250,000	added	49.25

CIVI	civitas resources inc	0.69	256,605	6,951,430	added	32.86

CMCL	caledonia mng corp plc	0.43	165,304	4,326,010	reduced	-29.38

CNQ	canadian nat res ltd	6.38	1,902,410	64,444,200	added	89.3

CRK	comstock res inc	1.47	639,289	14,818,700	added	56.00

DNN	denison mines corp	1.04	3,952,750	10,514,300	added	5.32

EQT	eqt corp	4.49	845,710	45,330,100	added	42.22

EQX	equinox gold corp	2.04	1,464,760	20,588,200	reduced	-34.97

EU	encore energy corp	0.30	1,227,260	3,043,590	added	5.31

FANG	diamondback energy inc	1.27	85,243	12,814,600	added	22.07

FCX	freeport-mcmoran inc	1.20	237,584	12,066,900	added	5.39

HBM	hudbay minerals inc	1.62	824,951	16,380,000	added	6.64

IE	ivanhoe electric inc	2.83	1,787,900	28,570,600	added	5.34

IPI	intrepid potash inc	0.60	219,316	6,081,630	added	5.32

LEU	centrus energy corp	4.12	171,114	41,539,600	added	6.29