13F HOLDINGS REPORT
FOUNDATION RESOURCE MANAGEMENT INC
Quarter ended Q3 2025 · Filed October 14, 2025 · Accession 0001179232-25-000010
Total Value
$696.0M
Positions
51
Other Managers
0
Confidential Omitted
No
Holdings (51)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY CL B | BRK-A | 96,594 | $48.6M | 6.98% |
| 2 | NEWMONT GOLDCORP | NEMCL | 573,053 | $48.3M | 6.94% |
| 3 | EXXON MOBIL | XOM | 420,628 | $47.4M | 6.81% |
| 4 | TECK RESOURCES LTD CL B | TCKRF | 951,919 | $41.8M | 6.00% |
| 5 | CHEVRON | CVX | 232,982 | $36.2M | 5.20% |
| 6 | AGNICO EAGLE MINES LTD | AEM | 212,049 | $35.7M | 5.14% |
| 7 | DOLLAR GENERAL CORP | 256677105 | 283,634 | $29.3M | 4.21% |
| 8 | VERIZON COMMUNICATIONS INC COM | VZ | 622,441 | $27.4M | 3.93% |
| 9 | CONOCOPHILLIPS | COP | 284,450 | $26.9M | 3.87% |
| 10 | PFIZER INC COM | PFE | 903,641 | $23.0M | 3.31% |
| 11 | MOSAIC | MOS | 643,147 | $22.3M | 3.20% |
| 12 | FEDERATED HERMES, INC | FHI | 396,828 | $20.6M | 2.96% |
| 13 | BARRICK GOLD CORP | B | 597,996 | $19.6M | 2.82% |
| 14 | INTEL CORP. | INTC | 532,473 | $17.9M | 2.57% |
| 15 | LKQ CORP | LKQ | 580,193 | $17.7M | 2.55% |
| 16 | MERCK AND CO. INC. | MRK | 190,778 | $16.0M | 2.30% |
| 17 | AMBEV SA SPON ADR | ABEV | 6,883,476 | $15.4M | 2.21% |
| 18 | FRANKLIN RESOURCES INC COM | BEN | 585,240 | $13.5M | 1.94% |
| 19 | LOEWS | L | 126,338 | $12.7M | 1.82% |
| 20 | SANOFI | SNYNF | 258,047 | $12.2M | 1.75% |
| 21 | GILEAD SCIENCES INC | GILD | 109,045 | $12.1M | 1.74% |
| 22 | PERMIAN BASIN ROYALTY TRUST | 714236106 | 642,507 | $11.7M | 1.68% |
| 23 | HP INC | HPQ | 375,314 | $10.2M | 1.47% |
| 24 | PARK AEROSPACE CORP | PKE | 500,493 | $10.2M | 1.46% |
| 25 | NUTRIEN LTD | NTR | 170,779 | $10.0M | 1.44% |
| 26 | NOVO-NORDISK ADR | NONOF | 167,766 | $9.3M | 1.34% |
| 27 | FREEPORT-MCMORAN INC. | FCX | 221,826 | $8.7M | 1.25% |
| 28 | PHILLIPS 66 | PSX | 62,869 | $8.6M | 1.23% |
| 29 | KRAFT HEINZ COMPANY | KHC | 312,468 | $8.1M | 1.17% |
| 30 | CENOVUS ENERGY, INC. | CVE | 474,023 | $8.1M | 1.16% |
| 31 | TSAKOS ENERGY NAVIGATION LTD | TEN-PF | 352,024 | $7.8M | 1.12% |
| 32 | TEJON RANCH CO | TRC | 485,080 | $7.8M | 1.11% |
| 33 | BRISTOL MYERS SQUIBB | CELG-RI | 154,035 | $6.9M | 1.00% |
| 34 | CNH INDUSTRIAL NV | CNH | 636,914 | $6.9M | 0.99% |
| 35 | COMCAST | CCZ | 210,783 | $6.6M | 0.95% |
| 36 | APACHE CORP | APA | 229,463 | $5.6M | 0.80% |
| 37 | CAMECO CORP | CCJ | 57,066 | $4.8M | 0.69% |
| 38 | DEVON ENERGY | 25179m103 | 121,635 | $4.3M | 0.61% |
| 39 | BERKSHIRE HATHAWAY HLD A | BRK-A | 5 | $3.8M | 0.54% |
| 40 | OVINTIV INC | OVV | 91,523 | $3.7M | 0.53% |
| 41 | GRAFTECH INTERNATIONAL LTD | 384313607 | 172,648 | $2.2M | 0.32% |
| 42 | WAL-MART STORES | WMT | 17,502 | $1.8M | 0.26% |
| 43 | MARATHON PETROLEUM CORP | MPC | 4,929 | $950,015 | 0.14% |
| 44 | THE TRAVELERS COS., INC. | TRV | 2,315 | $646,394 | 0.09% |
| 45 | IMPERIAL OIL LTD | IMO | 6,945 | $630,189 | 0.09% |
| 46 | CHUBB LTD INC | CB | 2,129 | $600,910 | 0.09% |
| 47 | TRANSOCEAN, LTD | RIG | 189,807 | $592,198 | 0.09% |
| 48 | INTERNATIONAL BUSINESS MACHINE | INTR | 1,399 | $394,742 | 0.06% |
| 49 | RAYTHEON TECHNOLOGIES | RTX | 1,749 | $292,660 | 0.04% |
| 50 | JOHNSON AND JOHNSON | JNJ | 1,106 | $205,075 | 0.03% |
| 51 | SAN JUAN BASIN ROYALTY TRUST | 798241105 | 14,565 | $87,973 | 0.01% |