— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Goehring & Rozencwajg Associates, LLC

115 BROADWAY 5TH FL, NEW YORK, NY 10006 • 6462169777

Q3 2025 · Filed 2025-11-10
Market Value
$773M
+27.9%
Holdings
39
New Purchases
1
Added To
28
Closed
0
Reduced
10
Top 10 Concentration
54.5%
Turnover
2.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VAL 5.69% 3.01% +2.68% $44M
NE 3.96% 1.68% +2.28% $31M
CNQ 4.16% 2.92% +1.24% $32M
UUUU 2.32% 1.11% +1.21% $18M
EQX 3.27% 2.15% +1.12% $25M
UEC 2.98% 1.95% +1.03% $23M
SBSW 4.88% 4.00% +0.89% $38M
LEU 6.46% 5.62% +0.84% $50M
NG 1.30% 0.76% +0.54% $10M
CMCL 1.10% 0.74% +0.35% $8M
IE 2.76% 2.54% +0.21% $21M
AMR 1.58% 1.37% +0.21% $12M
DNN 1.33% 1.13% +0.20% $10M
URG 0.76% 0.57% +0.19% $6M
HBM 1.52% 1.37% +0.15% $12M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
RRC 6.87% 9.46% -2.59% $53M
AR 3.58% 5.49% -1.92% $28M
NTR 5.93% 7.52% -1.60% $46M
EQT 4.19% 5.70% -1.52% $32M
CCJ 7.03% 7.97% -0.94% $54M
CRK 1.05% 1.87% -0.82% $8M
MOS 1.92% 2.58% -0.66% $15M
EXE 1.52% 2.14% -0.61% $12M
MTDR 1.67% 2.27% -0.59% $13M
FCX 1.14% 1.61% -0.47% $9M
IPI 0.82% 1.23% -0.40% $6M
ORLA 1.65% 1.96% -0.31% $13M
FANG 1.29% 1.58% -0.29% $10M
SLB 0.81% 1.01% -0.21% $6M
SKE.TO 2.09% 2.29% -0.20% $16M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Energy 85.5%
Basic Materials 13.1%
Technology 1.4%

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 11 $280M 36.2%
Mid Cap 23 $449M 58.0%
Small Cap 5 $45M 5.8%

Portfolio Analytics

Avg Market Cap
$16.9B
Median Market Cap
$7.0B
Avg P/E
24.8
Median P/E
14.5
Avg Dividend Yield
0.01%
Avg Beta
1.06
# Stocks
39
# ETFs / Funds
0

Top Holdings (39 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CCJ 7.03% 648,289 $54M $83.86 $6M -693 -0.1%
2 RRC 6.87% 1,411,151 $53M $37.64 -$4M +4,356 +0.3%
3 LEU 6.46% 160,987 $50M $310.07 $16M -24,435 -13.2%
4 NTR 5.93% 780,238 $46M $58.71 $318K -836 -0.1%
5 VAL 5.69% 902,440 $44M $48.77 $26M +470,419 +108.9%
6 AGI 5.29% 1,173,417 $41M $34.86 $10M +2,170 +0.2%
7 SBSW 4.88% 3,360,030 $38M $11.24 $14M +11,189 +0.3%
8 EQT 4.19% 594,638 $32M $54.43 -$2M +3,483 +0.6%
9 CNQ 4.16% 1,004,981 $32M $32.02 $15M +443,339 +78.9%
10 NE 3.96% 1,081,635 $31M $28.28 $20M +699,395 +183.0%
11 AR 3.58% 823,946 $28M $33.56 -$6M -666 -0.1%
12 EQX 3.27% 2,252,347 $25M $11.23 $12M +7,470 +0.3%
13 CNR 3.08% 285,352 $24M $83.48 $4M +2,107 +0.7%
14 UEC 2.98% 1,729,235 $23M $13.34 $11M -3,576 -0.2%
15 IE 2.76% 1,697,189 $21M $12.55 $6M +3,873 +0.2%
16 UUUU 2.32% 1,167,341 $18M $15.35 $11M -1,175 -0.1%
17 SKE.TO 2.09% 874,822 $16M $18.44 $2M +4,669 +0.5%
18 MOS 1.92% 428,210 $15M $34.68 -$729K +1,132 +0.3%
19 MTDR 1.67% 288,212 $13M $44.93 -$766K +808 +0.3%
20 NXE 1.67% 1,442,255 $13M $8.95 $3M -2,853 -0.2%
21 ORLA 1.65% 1,182,704 $13M $10.78 $927K +6,355 +0.5%
22 AMR 1.58% 74,436 $12M $164.09 $4M +543 +0.7%
23 EXE 1.52% 110,801 $12M $106.24 -$1M +418 +0.4%
24 HBM 1.52% 773,564 $12M $15.14 $3M -4,501 -0.6%
25 OII 1.49% 466,058 $12M $24.78 $2M +880 +0.2%
26 DNN 1.33% 3,753,145 $10M $2.75 $3M -3,841 -0.1%
27 NG 1.30% 1,142,489 $10M $8.80 $5M +14,645 +1.3%
28 FANG 1.29% 69,832 $10M $143.10 $419K +155 +0.2%
29 PAAS 1.24% 248,080 $10M $38.73 $3M +1,472 +0.6%
30 FCX 1.14% 225,436 $9M $39.22 -$909K +512 +0.2%
31 CMCL 1.10% 234,065 $8M $36.21 $4M +2,000 +0.9%
32 CRK 1.05% 409,788 $8M $19.83 -$3M +1,198 +0.3%
33 IPI 0.82% 208,232 $6M $30.58 -$1M +707 +0.3%
34 CIVI 0.81% 193,140 $6M $32.50 $975K +470 +0.2%
35 SLB 0.81% 181,807 $6M $34.37 $120K +487 +0.3%
36 URG 0.76% 3,292,797 $6M $1.79 $2M -8,320 -0.2%
37 TFPM.TO 0.38% 100,724 $3M $29.27 $573K +636 +0.6%
38 TMQ 0.37% 1,338,321 $3M $2.13 $1M +58,812 +4.6%
39 TDW 0.03% 3,914 $209K $53.33 +3,914 NEW

New Positions

SymbolValue% Port
TDW $209K 0.03%
View SEC EDGAR Filings for Goehring & Rozencwajg Associates, LLC →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms