Asset Manager
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Goehring & Rozencwajg Associates, LLC
115 BROADWAY 5TH FL, NEW YORK, NY 10006 • 6462169777
Market Value
$1.8B
+83.2%
Holdings
45
+4
New Purchases
5
Added To
29
Closed
4
Reduced
7
Top 10 Concentration
59.4%
Turnover
20.0%
Top Buys (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| SU | 6.88% | 0.00% | +6.88% | $122M |
| HCC | 3.15% | 0.00% | +3.15% | $56M |
| SLB | 6.68% | 3.73% | +2.96% | $118M |
| CHRD | 2.28% | 0.00% | +2.28% | $40M |
| VAL | 7.32% | 5.55% | +1.77% | $129M |
| PR | 2.19% | 0.74% | +1.45% | $39M |
| CNR | 4.20% | 2.78% | +1.42% | $74M |
| AMR | 2.81% | 1.63% | +1.18% | $50M |
| CNQ | 7.80% | 6.68% | +1.12% | $138M |
| SM | 0.86% | 0.00% | +0.86% | $15M |
| MOS | 1.33% | 1.13% | +0.20% | $24M |
| MTDR | 1.64% | 1.51% | +0.12% | $29M |
| TDW | 0.02% | 0.00% | +0.02% | $327K |
| IPI | 0.65% | 0.63% | +0.02% | $11M |
| OII | 1.43% | 1.42% | +0.02% | $25M |
Top Sells (by % of Portfolio)
| Symbol | Cur % | Prior % | Chg % | Value |
|---|---|---|---|---|
| LEU | 1.98% | 4.31% | -2.32% | $35M |
| SBSW | 2.98% | 5.23% | -2.25% | $53M |
| NTR | 3.51% | 5.28% | -1.77% | $62M |
| HBM | 0.00% | 1.70% | -1.70% | $0 |
| IE | 1.41% | 2.96% | -1.55% | $25M |
| AGI | 1.73% | 3.12% | -1.40% | $31M |
| SKE | 0.00% | 1.39% | -1.39% | $0 |
| CCJ | 5.14% | 6.48% | -1.34% | $91M |
| EQX | 1.05% | 2.13% | -1.09% | $19M |
| PAAS | 0.00% | 0.94% | -0.94% | $0 |
| ORLA | 0.15% | 1.08% | -0.94% | $3M |
| FCX | 0.41% | 1.25% | -0.84% | $7M |
| CIVI | 0.00% | 0.72% | -0.72% | $0 |
| SDRL | 6.31% | 6.88% | -0.58% | $111M |
| EQT | 4.17% | 4.70% | -0.52% | $74M |
Sector Allocation Over Time
Industry Breakdown
| Industry | Weight |
|---|---|
| Energy | 85.5% |
| Basic Materials | 13.1% |
| Technology | 1.4% |
Market Cap Concentration
| Tier | Holdings | Value | Weight |
|---|---|---|---|
| Large Cap | 14 | $797M | 45.1% |
| Mid Cap | 25 | $907M | 51.3% |
| Small Cap | 5 | $61M | 3.5% |
| Micro Cap | 1 | $3M | 0.1% |
Portfolio Analytics
Avg Market Cap
$16.3B
Median Market Cap
$6.0B
Avg P/E
23.3
Median P/E
13.0
Avg Dividend Yield
0.01%
Avg Beta
1.04
# Stocks
45
# ETFs / Funds
0
Top Holdings (45 total)
| # | Symbol | % Port | Shares | Value | Avg Price | Q/Q Value Chg | Share Chg | Chg % | Status |
|---|---|---|---|---|---|---|---|---|---|
| 1 | CNQ | 7.80% | 2,827,853 | $138M | $48.76 | $73M | +925,440 | +48.6% | |
| 2 | VAL | 7.32% | 1,319,351 | $129M | $98.04 | $76M | +257,281 | +24.2% | |
| 3 | RRC | 6.96% | 2,721,749 | $123M | $45.18 | $52M | +718,648 | +35.9% | |
| 4 | SU | 6.88% | 1,840,155 | $122M | $66.12 | — | +1,840,155 | — | NEW |
| 5 | SLB | 6.68% | 2,298,550 | $118M | $51.39 | $82M | +1,361,588 | +145.3% | |
| 6 | SDRL | 6.31% | 2,449,565 | $111M | $45.50 | $45M | +529,884 | +27.6% | |
| 7 | CCJ | 5.14% | 836,431 | $91M | $108.61 | $28M | +153,479 | +22.5% | |
| 8 | CNR | 4.20% | 708,225 | $74M | $104.73 | $47M | +405,505 | +133.9% | |
| 9 | EQT | 4.17% | 1,159,203 | $74M | $63.64 | $28M | +313,493 | +37.1% | |
| 10 | AR | 3.88% | 1,617,138 | $69M | $42.44 | $28M | +433,518 | +36.6% | |
| 11 | NTR | 3.51% | 822,291 | $62M | $75.46 | $11M | -3,146 | -0.4% | |
| 12 | HCC | 3.15% | 598,113 | $56M | $93.15 | — | +598,113 | — | NEW |
| 13 | SBSW | 2.98% | 4,270,069 | $53M | $12.32 | $2M | +730,389 | +20.6% | |
| 14 | AMR | 2.81% | 242,039 | $50M | $205.27 | $34M | +163,144 | +206.8% | |
| 15 | CHRD | 2.28% | 283,461 | $40M | $142.18 | — | +283,461 | — | NEW |
| 16 | PR | 2.19% | 1,814,700 | $39M | $21.32 | $32M | +1,365,465 | +303.9% | |
| 17 | LEU | 1.98% | 202,058 | $35M | $173.59 | -$6M | +30,944 | +18.1% | |
| 18 | AGI | 1.73% | 686,587 | $31M | $44.43 | $388K | -94,064 | -12.1% | |
| 19 | UEC | 1.68% | 2,201,921 | $30M | $13.50 | $8M | +380,827 | +20.9% | |
| 20 | MTDR | 1.64% | 457,894 | $29M | $63.18 | $14M | +113,756 | +33.1% | |
| 21 | UUUU | 1.53% | 1,484,902 | $27M | $18.25 | $9M | +255,494 | +20.8% | |
| 22 | OII | 1.43% | 713,586 | $25M | $35.47 | $12M | +144,852 | +25.5% | |
| 23 | IE | 1.41% | 2,115,009 | $25M | $11.82 | -$4M | +327,112 | +18.3% | |
| 24 | EXE | 1.40% | 225,860 | $25M | $109.78 | $7M | +60,492 | +36.6% | |
| 25 | MOS | 1.33% | 922,305 | $24M | $25.50 | $13M | +471,259 | +104.5% | |
| 26 | FANG | 1.27% | 113,489 | $22M | $197.79 | $10M | +28,246 | +33.1% | |
| 27 | NXE | 1.19% | 1,810,943 | $21M | $11.60 | $7M | +292,004 | +19.2% | |
| 28 | EQX | 1.05% | 1,283,253 | $19M | $14.44 | -$2M | -181,508 | -12.4% | |
| 29 | CRK | 1.03% | 861,858 | $18M | $21.08 | $3M | +222,569 | +34.8% | |
| 30 | DNN | 0.94% | 4,720,615 | $17M | $3.53 | $6M | +767,863 | +19.4% | |
| 31 | SM | 0.86% | 487,730 | $15M | $31.18 | — | +487,730 | — | NEW |
| 32 | BORR | 0.69% | 2,119,465 | $12M | $5.77 | $6M | +496,302 | +30.6% | |
| 33 | IPI | 0.65% | 267,097 | $11M | $42.77 | $5M | +47,781 | +21.8% | |
| 34 | FCX | 0.41% | 123,252 | $7M | $58.78 | -$5M | -114,332 | -48.1% | |
| 35 | URG | 0.36% | 4,253,094 | $6M | $1.49 | $2M | +785,173 | +22.6% | |
| 36 | TMQ | 0.35% | 1,728,153 | $6M | $3.60 | $117K | +319,949 | +22.7% | |
| 37 | NG | 0.35% | 692,741 | $6M | $8.98 | -$1M | -107,085 | -13.4% | |
| 38 | EU | 0.15% | 1,464,724 | $3M | $1.80 | -$407K | +237,469 | +19.4% | |
| 39 | ORLA | 0.15% | 161,584 | $3M | $16.08 | -$8M | -616,365 | -79.2% | |
| 40 | TFPM | 0.12% | 60,271 | $2M | $34.71 | -$169K | -7,751 | -11.4% | |
| 41 | TDW | 0.02% | 3,914 | $327K | $83.55 | — | +3,914 | — | NEW |
| 42 | PAAS | —% | — | — | — | -$9M | -175,080 | -100.0% | SOLD |
| 43 | HBM | —% | — | — | — | -$16M | -824,951 | -100.0% | SOLD |
| 44 | SKE | —% | — | — | — | -$13M | -562,975 | -100.0% | SOLD |
| 45 | CIVI | —% | — | — | — | -$7M | -256,605 | -100.0% | SOLD |