Latest Goehring & Rozencwajg Associates, LLC Stock Portfolio

$1.86Billion– No. of Holdings #43

Goehring & Rozencwajg Associates, LLC Performance:

2026 Q1: 23.56%YTD: 23.56%2025: 47.64%

Performance for 2026 Q1 is 23.56%, and YTD is 23.56%, and 2025 is 47.64%.

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

On 2026-05-05, the fund reported it's updated stock portfolio. In the 13F Holdings report, Goehring & Rozencwajg Associates, LLC reported an equity portfolio of $1.9 Billions as of 31 Mar, 2026.

The top stock holdings of Goehring & Rozencwajg Associates, LLC are CNQ, VAL, RRC. The fund has invested 7.4% of it's portfolio in CANADIAN NAT RES LTD MED TER and 7% of portfolio in VALARIS LTD.

The fund managers got completely rid off HUDBAY MINERALS INC (HBM), SKEENA RES LTD NEW (SKE) and PAN AMERN SILVER CORP (PAAS) stocks. They significantly reduced their stock positions in ORLA MNG LTD NEW (ORLA), FREEPORT MCMORAN INC (FCX) and NOVAGOLD RESOURCES INC (NG). Goehring & Rozencwajg Associates, LLC opened new stock positions in WARRIOR MET COAL INC (HCC), CHORD ENERGY CORPORATION (CHRD) and SM ENERGY COMPANY (SM). The fund showed a lot of confidence in some stocks as they added substantially to PERMIAN RESOURCES CORP (PR), ALPHA METALLURGICAL RESOUR I (AMR) and SUNCOR ENERGY INC NEW (SU).

Goehring & Rozencwajg Associates, LLC Equity Portfolio Value

Last Reported on: 05 May, 2026

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

Our best estimate is that Goehring & Rozencwajg Associates, LLC made a return of 23.56% in the last quarter. In trailing 12 months, it's portfolio return was 73.62%.

Performance
S&P 500

New Buys

Ticker	$ Bought
warrior met coal inc	55,714,200
chord energy corporation	40,302,500
sm energy company	15,207,400
tidewater inc new	327,015

New stocks bought by Goehring & Rozencwajg Associates, LLC

Additions

Ticker	% Inc.
permian resources corp	303
alpha metallurgical resour i	206
suncor energy inc new	152
slb limited	145
core natural resources inc	133
mosaic co	104
canadian nat res ltd med ter	48.65
eqt corp	37.07

Additions to existing portfolio by Goehring & Rozencwajg Associates, LLC

Reductions

Ticker	% Reduced
orla mng ltd new	-79.23
freeport mcmoran inc	-48.12
novagold resources inc	-13.39
equinox gold corp	-12.39
alamos gold inc	-12.05
triple flag precious metal	-11.39
caledonia mng corp	-7.28
nutrien ltd	-0.38

Goehring & Rozencwajg Associates, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
hudbay minerals inc	-16,380,000
skeena res ltd new	-13,372,900
civitas resources inc	-6,951,430
pan amern silver corp	-9,070,900

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

Sector Distribution

Goehring & Rozencwajg Associates, LLC has about 45.7% of it's holdings in Others sector.

Others
Energy
Basic Materials

Sector	%
Others	45.7
Energy	44.3
Basic Materials	9.9

Market Cap. Distribution

Goehring & Rozencwajg Associates, LLC has about 17.7% of it's portfolio invested in the large-cap and mega-cap stocks.

UNALLOCATED
MID-CAP
LARGE-CAP
SMALL-CAP

Category	%
UNALLOCATED	45.6
MID-CAP	34
LARGE-CAP	17.7
SMALL-CAP	2.8

Stocks belong to which Index?

About 43% of the stocks held by Goehring & Rozencwajg Associates, LLC either belong to S&P 500 or RUSSELL 2000 index.

Others
RUSSELL 2000
S&P 500

Index	%
Others	57
RUSSELL 2000	29.8
S&P 500	13.2

Top 5 Winners (%)		%
SU	suncor energy inc new	230.7 %
VAL	valaris ltd	78.1 %
	noble corp plc	60.4 %
IPI	intrepid potash inc	47.1 %
OII	oceaneering intl inc	40.8 %

Top 5 Winners ($)		$
SU	suncor energy inc new	84.9 M
VAL	valaris ltd	56.7 M
CNQ	canadian nat res ltd med ter	35.2 M
	noble corp plc	34.0 M
	seadrill ltd	23.8 M

Top 5 Losers (%)		%
LEU	centrus energy corp	-26.9 %
EU	encore energy corp	-25.8 %
IE	ivanhoe electric inc	-24.5 %
TMQ	trilogy metals inc new	-15.6 %
CMCL	caledonia mng corp	-13.2 %

Top 5 Losers ($)		$
LEU	centrus energy corp	-12.9 M
IE	ivanhoe electric inc	-8.1 M
SBSW	sibanye stillwater ltd	-7.5 M
CRK	comstock res inc	-1.6 M
TMQ	trilogy metals inc new	-1.2 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 57.5% of the portfolio is in top 10 stocks. LEU proved to be the most loss making stock for the portfolio. SU was the most profitable stock for Goehring & Rozencwajg Associates, LLC last quarter.

Last Reported on: 05 May, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AGI	alamos gold inc	1.64	686,587	30,505,100	reduced	-12.05

AMR	alpha metallurgical resour i	2.67	242,039	49,683,300	added	206

AR	antero resources corp	3.69	1,617,140	68,631,300	added	36.63

BORR	borr drilling ltd	0.66	2,119,460	12,229,300	added	30.58

CCJ	cameco corp	4.88	836,431	90,844,800	added	22.47

CHK	expand energy corporation	1.33	225,860	24,794,900	added	36.58

CHRD	chord energy corporation	2.17	283,461	40,302,500	new

CIVI	civitas resources inc	0.00	0.00	0.00	sold off	-100

CMCL	caledonia mng corp	0.19	153,264	3,462,230	reduced	-7.28

CNQ	canadian nat res ltd med ter	7.41	2,827,850	137,877,000	added	48.65

CRK	comstock res inc	0.98	861,858	18,168,000	added	34.82

DNN	denison mines corp	0.90	4,720,620	16,663,800	added	19.43

EQT	eqt corp	3.96	1,159,200	73,771,700	added	37.07

EQX	equinox gold corp	1.00	1,283,250	18,525,800	reduced	-12.39

EU	encore energy corp	0.14	1,464,720	2,636,500	added	19.35

FANG	diamondback energy inc	1.21	113,489	22,447,000	added	33.14

FCX	freeport mcmoran inc	0.39	123,252	7,244,750	reduced	-48.12

HBM	hudbay minerals inc	0.00	0.00	0.00	sold off	-100

HCC	warrior met coal inc	2.99	598,113	55,714,200	new

IE	ivanhoe electric inc	1.34	2,115,010	24,999,400	added	18.3