13F HOLDINGS REPORT
FOUNDATION RESOURCE MANAGEMENT INC
Quarter ended Q4 2025 · Filed January 22, 2026 · Accession 0001179232-26-000002
Total Value
$747.5M
Positions
52
Other Managers
0
Confidential Omitted
No
Holdings (52)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | NEWMONT GOLDCORP | NEMCL | 571,762 | $57.1M | 7.64% |
| 2 | EXXON MOBIL | XOM | 422,399 | $50.8M | 6.80% |
| 3 | BERKSHIRE HATHAWAY CL B | BRK-A | 96,478 | $48.5M | 6.49% |
| 4 | TECK RESOURCES LTD CL B | TCKRF | 920,951 | $44.1M | 5.90% |
| 5 | DOLLAR GENERAL CORP | 256677105 | 284,930 | $37.8M | 5.06% |
| 6 | AGNICO EAGLE MINES LTD | AEM | 211,587 | $35.9M | 4.80% |
| 7 | CHEVRON | CVX | 233,456 | $35.6M | 4.76% |
| 8 | CONOCOPHILLIPS | COP | 285,636 | $26.7M | 3.58% |
| 9 | BARRICK GOLD CORP | B | 596,907 | $26.0M | 3.48% |
| 10 | VERIZON COMMUNICATIONS INC COM | VZ | 625,529 | $25.5M | 3.41% |
| 11 | PFIZER INC COM | PFE | 900,546 | $22.4M | 3.00% |
| 12 | FEDERATED HERMES, INC | FHI | 395,893 | $20.6M | 2.76% |
| 13 | MERCK AND CO. INC. | MRK | 193,095 | $20.3M | 2.72% |
| 14 | COMCAST | CCZ | 625,932 | $18.7M | 2.50% |
| 15 | INTEL CORP. | INTC | 502,602 | $18.5M | 2.48% |
| 16 | LKQ CORP | LKQ | 582,709 | $17.6M | 2.35% |
| 17 | AMBEV SA SPON ADR | ABEV | 6,939,320 | $17.1M | 2.29% |
| 18 | MOSAIC | MOS | 651,468 | $15.7M | 2.10% |
| 19 | FRANKLIN RESOURCES INC COM | BEN | 589,781 | $14.1M | 1.89% |
| 20 | LOEWS | L | 126,636 | $13.3M | 1.78% |
| 21 | GILEAD SCIENCES INC | GILD | 108,505 | $13.3M | 1.78% |
| 22 | SANOFI | SNYNF | 260,634 | $12.6M | 1.69% |
| 23 | FREEPORT-MCMORAN INC. | FCX | 221,213 | $11.2M | 1.50% |
| 24 | PERMIAN BASIN ROYALTY TRUST | 714236106 | 642,507 | $10.9M | 1.46% |
| 25 | PARK AEROSPACE CORP | PKE | 503,497 | $10.7M | 1.44% |
| 26 | NUTRIEN LTD | NTR | 172,752 | $10.7M | 1.43% |
| 27 | DIAGEO PLC NEW | DGEAF | 105,827 | $9.1M | 1.22% |
| 28 | NOVO-NORDISK ADR | NONOF | 168,814 | $8.6M | 1.15% |
| 29 | BRISTOL MYERS SQUIBB | CELG-RI | 155,840 | $8.4M | 1.12% |
| 30 | HP INC | HPQ | 374,804 | $8.4M | 1.12% |
| 31 | CENOVUS ENERGY, INC. | CVE | 481,381 | $8.1M | 1.09% |
| 32 | PHILLIPS 66 | PSX | 62,800 | $8.1M | 1.08% |
| 33 | TSAKOS ENERGY NAVIGATION LTD | TEN-PF | 348,732 | $7.8M | 1.05% |
| 34 | TEJON RANCH CO | TRC | 494,801 | $7.8M | 1.04% |
| 35 | KRAFT HEINZ COMPANY | KHC | 311,909 | $7.6M | 1.01% |
| 36 | APACHE CORP | APA | 244,242 | $6.0M | 0.80% |
| 37 | CNH INDUSTRIAL NV | CNH | 645,440 | $6.0M | 0.80% |
| 38 | CAMECO CORP | CCJ | 57,001 | $5.2M | 0.70% |
| 39 | DEVON ENERGY | 25179m103 | 127,827 | $4.7M | 0.63% |
| 40 | BERKSHIRE HATHAWAY HLD A | BRK-A | 5 | $3.8M | 0.50% |
| 41 | OVINTIV INC | OVV | 94,221 | $3.7M | 0.49% |
| 42 | WAL-MART STORES | WMT | 17,502 | $1.9M | 0.26% |
| 43 | GRAFTECH INTERNATIONAL LTD | 384313607 | 115,058 | $1.8M | 0.24% |
| 44 | MARATHON PETROLEUM CORP | MPC | 4,929 | $801,603 | 0.11% |
| 45 | TRANSOCEAN, LTD | RIG | 184,867 | $763,501 | 0.10% |
| 46 | THE TRAVELERS COS., INC. | TRV | 2,315 | $671,489 | 0.09% |
| 47 | CHUBB LTD INC | CB | 2,129 | $664,503 | 0.09% |
| 48 | IMPERIAL OIL LTD | IMO | 6,945 | $599,423 | 0.08% |
| 49 | INTERNATIONAL BUSINESS MACHINE | INTR | 1,399 | $414,398 | 0.06% |
| 50 | RAYTHEON TECHNOLOGIES | RTX | 1,749 | $320,767 | 0.04% |
| 51 | JOHNSON AND JOHNSON | JNJ | 1,106 | $228,887 | 0.03% |
| 52 | SAN JUAN BASIN ROYALTY TRUST | 798241105 | 14,565 | $81,855 | 0.01% |