13F HOLDINGS REPORT
TSP Capital Management Group, LLC
Quarter ended Q4 2025 · Filed January 21, 2026 · Accession 0001172661-26-000241
Total Value
$409.3M
Positions
45
Other Managers
0
Confidential Omitted
No
Holdings (45)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | NEW GOLD INC CDA | 644535106 | 3,517,626 | $30.6M | 7.49% |
| 2 | TRILOGY METALS INC NEW | TMQ | 6,731,000 | $29.0M | 7.09% |
| 3 | ISHARES SILVER TR | SLV | 405,275 | $26.1M | 6.38% |
| 4 | COMPANIA DE MINAS BUENAVENTU | 204448104 | 827,368 | $23.0M | 5.63% |
| 5 | SIBANYE STILLWATER LTD | SBYSF | 1,568,525 | $22.4M | 5.46% |
| 6 | MAUI LD & PINEAPPLE INC | 577345101 | 1,098,441 | $18.6M | 4.55% |
| 7 | CIA ENERGETICA DE MINAS GERA | 204409601 | 9,052,892 | $18.1M | 4.42% |
| 8 | ADEIA INC | ADEA | 1,010,197 | $17.4M | 4.26% |
| 9 | CONSOLIDATED WATER CO INC | CWCO | 479,200 | $16.9M | 4.13% |
| 10 | MANNKIND CORP | MNKD | 2,963,175 | $16.8M | 4.11% |
| 11 | SPDR GOLD TR | GLD | 40,469 | $16.0M | 3.92% |
| 12 | NOKIA CORP | NOKBF | 2,466,592 | $16.0M | 3.90% |
| 13 | CORTEVA INC | CTVA | 211,592 | $14.2M | 3.47% |
| 14 | XYLEM INC | XYL | 87,610 | $11.9M | 2.92% |
| 15 | FREEPORT-MCMORAN INC | FCX | 213,925 | $10.9M | 2.65% |
| 16 | NEWMONT CORP | NEMCL | 106,416 | $10.6M | 2.60% |
| 17 | CELLDEX THERAPEUTICS INC NEW | CLDX | 375,127 | $10.2M | 2.49% |
| 18 | MIDDLESEX WTR CO | 596680108 | 188,078 | $9.5M | 2.32% |
| 19 | STRATASYS LTD | SSYS | 1,088,150 | $9.4M | 2.31% |
| 20 | NOVAVAX INC | NVAX | 1,389,065 | $9.3M | 2.28% |
| 21 | WASTE MGMT INC DEL | 94106L109 | 41,765 | $9.2M | 2.24% |
| 22 | WARNER BROS DISCOVERY INC | WBD | 311,848 | $9.0M | 2.20% |
| 23 | COEUR MNG INC | 192108504 | 422,875 | $7.5M | 1.84% |
| 24 | GLOBAL WTR RES INC | 379463102 | 757,706 | $6.4M | 1.56% |
| 25 | BARINGS GLOBAL SHORT DURATIO | BGH | 324,754 | $4.9M | 1.19% |
| 26 | BARINGS PARTN INVS | 06761A103 | 280,095 | $4.5M | 1.09% |
| 27 | MERCK & CO INC | MRK | 37,594 | $4.0M | 0.97% |
| 28 | AMERICA MOVIL SAB DE CV | AMXOF | 188,671 | $3.9M | 0.95% |
| 29 | WESTERN UN CO | WU | 353,075 | $3.3M | 0.80% |
| 30 | KAYNE ANDERSON ENERGY INFRST | 486606106 | 257,725 | $3.2M | 0.78% |
| 31 | ENBRIDGE INC | ENNPF | 44,251 | $2.1M | 0.52% |
| 32 | HANCOCK JOHN PFD INCOME FD | 41013W108 | 129,360 | $2.1M | 0.51% |
| 33 | DUKE ENERGY CORP NEW | DUKB | 17,614 | $2.1M | 0.50% |
| 34 | AMERICAN WTR WKS CO INC NEW | 030420103 | 11,950 | $1.6M | 0.38% |
| 35 | BARINGS CORPORATE INVS | 06759X107 | 85,435 | $1.6M | 0.38% |
| 36 | CORNING INC | GLW | 15,000 | $1.3M | 0.32% |
| 37 | XPERI INC | XPER | 219,898 | $1.3M | 0.31% |
| 38 | CISCO SYS INC | CSCO | 11,300 | $870,440 | 0.21% |
| 39 | KIMBELL RTY PARTNERS LP | 49435R102 | 67,850 | $797,917 | 0.19% |
| 40 | PFIZER INC | PFE | 28,500 | $709,650 | 0.17% |
| 41 | PITNEY BOWES INC | PBI-PB | 62,800 | $663,796 | 0.16% |
| 42 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 12,175 | $656,721 | 0.16% |
| 43 | WEYERHAEUSER CO MTN BE | WY | 13,111 | $310,601 | 0.08% |
| 44 | CONAGRA BRANDS INC | CAG | 13,650 | $236,282 | 0.06% |
| 45 | ASSERTIO HOLDINGS INC | ASRT | 25,056 | $227,257 | 0.06% |