Goehring & Rozencwajg Associates, LLC Q4 2025 Filing

Filed February 13, 2026

Portfolio Value

$1.0T

Holdings

43

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (43 positions)

#StockSharesValue% PortfolioType
1
RRCRANGE RES CORP
2,003,101$70.6B7.00%
2
SDRLSEADRILL LTD
1,919,681$66.4B6.58%
3
CRCCANADIAN NAT RES LTD
1,902,413$64.4B6.38%
4
CCOCAMECO CORP
682,952$62.5B6.19%
5
VALVALARIS LTD
1,062,070$53.5B5.30%
6
NTRNUTRIEN LTD
825,437$50.9B5.05%
7
SBSWSIBANYE STILLWATER LTD
3,539,680$50.4B5.00%
8
EQTEQT CORP
845,710$45.3B4.49%
9
LEUCENTRUS ENERGY CORP
171,114$41.5B4.12%
10
ARANTERO RESOURCES CORP
1,183,620$40.8B4.04%
11
NENOBLE CORP PLC
1,426,054$40.3B3.99%
12
SLBSLB LIMITED
936,962$36.0B3.56%
13
AGIALAMOS GOLD INC NEW
780,651$30.1B2.98%
14
IEIVANHOE ELECTRIC INC
1,787,897$28.6B2.83%
15
CNRCORE NATURAL RESOURCES INC
302,720$26.8B2.65%
16
U6ZURANIUM ENERGY CORP
1,821,094$21.3B2.11%
17
EQXEQUINOX GOLD CORP
1,464,761$20.6B2.04%
18
EXEEXPAND ENERGY CORPORATION
165,368$18.3B1.81%
19
EFRENERGY FUELS INC
1,229,408$17.9B1.77%
20
HBMHUDBAY MINERALS INC
824,951$16.4B1.62%
21
AMRALPHA METALLURGICAL RESOUR I
78,895$15.8B1.56%
22
CRKCOMSTOCK RES INC
639,289$14.8B1.47%
23
MTDRMATADOR RES CO
344,138$14.6B1.45%
24
NXENEXGEN ENERGY LTD
1,518,939$14.0B1.38%
25
OIIOCEANEERING INTL INC
568,734$13.7B1.35%
26
SKE.TOSKEENA RES LTD NEW
562,975$13.4B1.32%
27
FANGDIAMONDBACK ENERGY INC
85,243$12.8B1.27%
28
FCXFREEPORT-MCMORAN INC
237,584$12.1B1.20%
29
MOSMOSAIC CO NEW
451,046$10.9B1.08%
30
DMLDENISON MINES CORP
3,952,752$10.5B1.04%
31
OLAORLA MNG LTD NEW
777,949$10.5B1.04%
32
PAASPAN AMERN SILVER CORP
175,080$9.1B0.90%
33
NGNOVAGOLD RES INC
799,826$7.5B0.74%
34
PRPERMIAN RESOURCES CORP
449,235$7.2B0.71%
35
CIVICIVITAS RESOURCES INC
256,605$7.0B0.69%
36
BORRBORR DRILLING LTD
1,623,163$6.5B0.65%
37
TMQTRILOGY METALS INC NEW
1,408,204$6.1B0.60%
38
IPIINTREPID POTASH INC
219,316$6.1B0.60%
39
UREUR-ENERGY INC
3,467,921$4.8B0.48%
40
CMCLCALEDONIA MNG CORP PLC
165,304$4.3B0.43%
41
EUENCORE ENERGY CORP
1,227,255$3.0B0.30%
42
TFPMTRIPLE FLAG PRECIOUS METAL
68,022$2.3B0.22%
43
SUSUNCOR ENERGY INC NEW
727,381$00.00%