13F HOLDINGS REPORT
Goehring & Rozencwajg Associates, LLC
Quarter ended Q3 2025 · Filed November 10, 2025 · Accession 0001863154-25-000004
Total Value
$830.9M
Positions
42
Other Managers
0
Confidential Omitted
No
Holdings (42)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | CAMECO CORP | CCJ | 648,289 | $54.4M | 6.54% |
| 2 | RANGE RES CORP | RRC | 1,411,151 | $53.1M | 6.39% |
| 3 | SEADRILL LTD | SDRL | 1,695,114 | $51.2M | 6.16% |
| 4 | CENTRUS ENERGY CORP | LEU | 160,987 | $49.9M | 6.01% |
| 5 | NUTRIEN LTD | NTR | 780,238 | $45.8M | 5.51% |
| 6 | VALARIS LTD | VAL-WT | 902,440 | $44.0M | 5.30% |
| 7 | ALAMOS GOLD INC NEW | AGI | 1,173,417 | $40.9M | 4.92% |
| 8 | SIBANYE STILLWATER LTD | SBYSF | 3,360,030 | $37.8M | 4.55% |
| 9 | EQT CORP | EQT | 594,638 | $32.4M | 3.90% |
| 10 | CANADIAN NAT RES LTD | 136385101 | 1,004,981 | $32.2M | 3.87% |
| 11 | NOBLE CORP PLC | NE-WT | 1,081,635 | $30.6M | 3.68% |
| 12 | ANTERO RESOURCES CORP | AR | 823,946 | $27.7M | 3.33% |
| 13 | EQUINOX GOLD CORP | EQX | 2,252,347 | $25.3M | 3.04% |
| 14 | CORE NATURAL RESOURCES INC | CNR | 285,352 | $23.8M | 2.87% |
| 15 | URANIUM ENERGY CORP | UEC | 1,729,235 | $23.1M | 2.78% |
| 16 | IVANHOE ELECTRIC INC | IE | 1,697,189 | $21.3M | 2.56% |
| 17 | ENERGY FUELS INC | UUUU | 1,167,341 | $17.9M | 2.16% |
| 18 | SKEENA RES LTD NEW | 83056P715 | 874,822 | $16.1M | 1.94% |
| 19 | MOSAIC CO NEW | MOS | 428,210 | $14.9M | 1.79% |
| 20 | MATADOR RES CO | MTDR | 288,212 | $12.9M | 1.56% |
| 21 | NEXGEN ENERGY LTD | NXE | 1,442,255 | $12.9M | 1.55% |
| 22 | ORLA MNG LTD NEW | 68634K106 | 1,182,704 | $12.8M | 1.53% |
| 23 | ALPHA METALLURGICAL RESOUR I | 020764106 | 74,436 | $12.2M | 1.47% |
| 24 | EXPAND ENERGY CORPORATION | EXE | 110,801 | $11.8M | 1.42% |
| 25 | HUDBAY MINERALS INC | HBM | 773,564 | $11.7M | 1.41% |
| 26 | OCEANEERING INTL INC | 675232102 | 466,058 | $11.5M | 1.39% |
| 27 | DENISON MINES CORP | DNN | 3,753,145 | $10.3M | 1.24% |
| 28 | NOVAGOLD RES INC | 66987E206 | 1,142,489 | $10.1M | 1.21% |
| 29 | DIAMONDBACK ENERGY INC | FANG | 69,832 | $10.0M | 1.20% |
| 30 | PAN AMERN SILVER CORP | 697900108 | 248,080 | $9.6M | 1.16% |
| 31 | FREEPORT-MCMORAN INC | FCX | 225,436 | $8.8M | 1.06% |
| 32 | CALEDONIA MNG CORP PLC | G1757E113 | 234,065 | $8.5M | 1.02% |
| 33 | COMSTOCK RES INC | LODE | 409,788 | $8.1M | 0.98% |
| 34 | INTREPID POTASH INC | IPI | 208,232 | $6.4M | 0.77% |
| 35 | CIVITAS RESOURCES INC | 17888H103 | 193,140 | $6.3M | 0.76% |
| 36 | SCHLUMBERGER LTD | SLB | 181,807 | $6.2M | 0.75% |
| 37 | UR-ENERGY INC | URG | 3,292,797 | $5.9M | 0.71% |
| 38 | ENCORE ENERGY CORP | EU | 1,165,336 | $3.7M | 0.45% |
| 39 | TRIPLE FLAG PRECIOUS METAL | TFPM | 100,724 | $2.9M | 0.35% |
| 40 | TRILOGY METALS INC NEW | TMQ | 1,338,321 | $2.8M | 0.34% |
| 41 | BORR DRILLING LTD | BORR | 1,042,699 | $2.8M | 0.34% |
| 42 | TIDEWATER INC NEW | TDGMW | 3,914 | $208,734 | 0.03% |