13F HOLDINGS REPORT
TSP Capital Management Group, LLC
Quarter ended Q3 2025 · Filed October 22, 2025 · Accession 0001172661-25-004363
Total Value
$373.7M
Positions
44
Other Managers
0
Confidential Omitted
No
Holdings (44)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | NEW GOLD INC CDA | 644535106 | 3,976,626 | $28.6M | 7.64% |
| 2 | COMPANIA DE MINAS BUENAVENTU | 204448104 | 1,001,508 | $24.4M | 6.52% |
| 3 | MAUI LD & PINEAPPLE INC | 577345101 | 1,099,541 | $20.5M | 5.48% |
| 4 | SIBANYE STILLWATER LTD | SBYSF | 1,819,625 | $20.5M | 5.47% |
| 5 | CIA ENERGETICA DE MINAS GERA | 204409601 | 9,127,729 | $19.3M | 5.15% |
| 6 | ISHARES SILVER TR | SLV | 412,525 | $17.5M | 4.68% |
| 7 | CONSOLIDATED WATER CO INC | CWCO | 484,725 | $17.1M | 4.58% |
| 8 | ADEIA INC | ADEA | 1,001,487 | $16.8M | 4.50% |
| 9 | MANNKIND CORP | MNKD | 2,983,975 | $16.0M | 4.29% |
| 10 | SPDR GOLD TR | GLD | 41,069 | $14.6M | 3.91% |
| 11 | CORTEVA INC | CTVA | 213,660 | $14.4M | 3.87% |
| 12 | TRILOGY METALS INC NEW | TMQ | 6,715,000 | $14.1M | 3.77% |
| 13 | XYLEM INC | XYL | 88,232 | $13.0M | 3.48% |
| 14 | NOVAVAX INC | NVAX | 1,399,065 | $12.1M | 3.25% |
| 15 | NOKIA CORP | NOKBF | 2,473,592 | $11.9M | 3.18% |
| 16 | STRATASYS LTD | SSYS | 944,350 | $10.6M | 2.83% |
| 17 | CELLDEX THERAPEUTICS INC NEW | CLDX | 375,927 | $9.7M | 2.60% |
| 18 | WASTE MGMT INC DEL | 94106L109 | 41,965 | $9.3M | 2.48% |
| 19 | NEWMONT CORP | NEMCL | 107,816 | $9.1M | 2.43% |
| 20 | FREEPORT-MCMORAN INC | FCX | 215,925 | $8.5M | 2.27% |
| 21 | COEUR MNG INC | 192108504 | 436,125 | $8.2M | 2.19% |
| 22 | WARNER BROS DISCOVERY INC | WBD | 332,048 | $6.5M | 1.74% |
| 23 | MIDDLESEX WTR CO | 596680108 | 119,224 | $6.5M | 1.73% |
| 24 | BARINGS PARTN INVS | 06761A103 | 285,455 | $5.8M | 1.54% |
| 25 | BARINGS GLOBAL SHORT DURATIO | BGH | 329,932 | $5.1M | 1.36% |
| 26 | AMERICA MOVIL SAB DE CV | AMXOF | 193,321 | $4.1M | 1.09% |
| 27 | WESTERN UN CO | WU | 461,197 | $3.7M | 0.99% |
| 28 | GLOBAL WTR RES INC | 379463102 | 322,577 | $3.3M | 0.89% |
| 29 | KAYNE ANDERSON ENERGY INFRST | 486606106 | 262,825 | $3.3M | 0.87% |
| 30 | MERCK & CO INC | MRK | 37,794 | $3.2M | 0.85% |
| 31 | HANCOCK JOHN PFD INCOME FD | 41013W108 | 131,360 | $2.3M | 0.61% |
| 32 | ENBRIDGE INC | ENNPF | 44,349 | $2.2M | 0.60% |
| 33 | DUKE ENERGY CORP NEW | DUKB | 17,607 | $2.2M | 0.58% |
| 34 | BARINGS CORPORATE INVS | 06759X107 | 85,607 | $1.8M | 0.48% |
| 35 | XPERI INC | XPER | 239,538 | $1.6M | 0.42% |
| 36 | CORNING INC | GLW | 15,000 | $1.2M | 0.33% |
| 37 | PFIZER INC | PFE | 44,100 | $1.1M | 0.30% |
| 38 | KIMBELL RTY PARTNERS LP | 49435R102 | 67,850 | $915,298 | 0.24% |
| 39 | CISCO SYS INC | CSCO | 11,350 | $776,567 | 0.21% |
| 40 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 17,175 | $774,594 | 0.21% |
| 41 | PITNEY BOWES INC | PBI-PB | 62,800 | $716,548 | 0.19% |
| 42 | WEYERHAEUSER CO MTN BE | WY | 13,111 | $325,022 | 0.09% |
| 43 | ASSERTIO HOLDINGS INC | ASRT | 316,875 | $279,104 | 0.07% |
| 44 | CONAGRA BRANDS INC | CAG | 10,250 | $187,678 | 0.05% |