13F HOLDINGS REPORT
AEGIS FINANCIAL CORP
Quarter ended Q2 2025 · Filed August 11, 2025 · Accession 0001104659-25-075834
Total Value
$169.9M
Positions
25
Other Managers
0
Confidential Omitted
No
Holdings (25)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | HALLADOR ENERGY COMPANY | HNRG | 2,010,994 | $31.8M | 18.74% |
| 2 | EQUINOX GOLD CORP | EQX | 4,828,363 | $27.8M | 16.37% |
| 3 | NATURAL GAS SVCS GROUP INC | 63886Q109 | 671,112 | $17.3M | 10.20% |
| 4 | PBF ENERGY INC | PBF | 620,460 | $13.4M | 7.91% |
| 5 | TIDEWATER INC NEW | TDGMW | 276,529 | $12.8M | 7.51% |
| 6 | ALGOMA STL GROUP INC | 015658107 | 1,786,122 | $12.3M | 7.24% |
| 7 | PRECISION DRILLING CORP | PDS | 215,396 | $10.2M | 5.99% |
| 8 | ELDORADO GOLD CORP NEW | 284902509 | 412,779 | $8.4M | 4.94% |
| 9 | GALIANO GOLD INC | GAU | 6,505,921 | $8.2M | 4.86% |
| 10 | BASSETT FURNITURE INDS INC | 070203104 | 476,119 | $7.2M | 4.26% |
| 11 | ENERFLEX LTD | EFXT | 551,151 | $4.3M | 2.56% |
| 12 | VERMILION ENERGY INC | VET | 520,492 | $3.8M | 2.23% |
| 13 | PEABODY ENERGY CORP | BTU | 236,925 | $3.2M | 1.87% |
| 14 | HENNESSY ADVISORS INC | HNNAZ | 141,353 | $1.8M | 1.05% |
| 15 | WESTWOOD HLDGS GROUP INC | 961765104 | 99,926 | $1.6M | 0.92% |
| 16 | ISHARES SILVER TR | SLV | 35,383 | $1.2M | 0.68% |
| 17 | MERCER INTL INC | 588056101 | 309,007 | $1.1M | 0.64% |
| 18 | ARDMORE SHIPPING CORP | ASC | 89,612 | $860,275 | 0.51% |
| 19 | I-80 GOLD CORP | IAUX-WT | 1,126,349 | $674,007 | 0.40% |
| 20 | MIND TECHNOLOGY INC | MIND | 79,572 | $671,588 | 0.40% |
| 21 | SOLITARIO RESOURCES CORP | XPL | 632,458 | $411,098 | 0.24% |
| 22 | SPDR GOLD TR | GLD | 828 | $252,399 | 0.15% |
| 23 | WEST FRASER TIMBER CO LTD | WFG | 3,142 | $229,979 | 0.14% |
| 24 | SPROTT PHYSICAL GOLD & SILVE | SII | 7,474 | $224,967 | 0.13% |
| 25 | DAKOTA GOLD CORP | DC | 30,000 | $110,700 | 0.07% |