13F HOLDINGS REPORT
Goehring & Rozencwajg Associates, LLC
Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001863154-26-000002
Total Value
$1.01B
Positions
43
Other Managers
0
Confidential Omitted
No
Holdings (43)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | RANGE RES CORP | RRC | 2,003,101 | $70.6M | 7.00% |
| 2 | SEADRILL LTD | SDRL | 1,919,681 | $66.4M | 6.58% |
| 3 | CANADIAN NAT RES LTD | 136385101 | 1,902,413 | $64.4M | 6.38% |
| 4 | CAMECO CORP | CCJ | 682,952 | $62.5M | 6.19% |
| 5 | VALARIS LTD | VAL-WT | 1,062,070 | $53.5M | 5.30% |
| 6 | NUTRIEN LTD | NTR | 825,437 | $50.9M | 5.05% |
| 7 | SIBANYE STILLWATER LTD | SBYSF | 3,539,680 | $50.4M | 5.00% |
| 8 | EQT CORP | EQT | 845,710 | $45.3M | 4.49% |
| 9 | CENTRUS ENERGY CORP | LEU | 171,114 | $41.5M | 4.12% |
| 10 | ANTERO RESOURCES CORP | AR | 1,183,620 | $40.8M | 4.04% |
| 11 | NOBLE CORP PLC | NE-WT | 1,426,054 | $40.3M | 3.99% |
| 12 | SLB LIMITED | SLB | 936,962 | $36.0M | 3.56% |
| 13 | ALAMOS GOLD INC NEW | AGI | 780,651 | $30.1M | 2.98% |
| 14 | IVANHOE ELECTRIC INC | IE | 1,787,897 | $28.6M | 2.83% |
| 15 | CORE NATURAL RESOURCES INC | CNR | 302,720 | $26.8M | 2.65% |
| 16 | URANIUM ENERGY CORP | UEC | 1,821,094 | $21.3M | 2.11% |
| 17 | EQUINOX GOLD CORP | EQX | 1,464,761 | $20.6M | 2.04% |
| 18 | EXPAND ENERGY CORPORATION | EXE | 165,368 | $18.3M | 1.81% |
| 19 | ENERGY FUELS INC | UUUU | 1,229,408 | $17.9M | 1.77% |
| 20 | HUDBAY MINERALS INC | HBM | 824,951 | $16.4M | 1.62% |
| 21 | ALPHA METALLURGICAL RESOUR I | 020764106 | 78,895 | $15.8M | 1.56% |
| 22 | COMSTOCK RES INC | LODE | 639,289 | $14.8M | 1.47% |
| 23 | MATADOR RES CO | MTDR | 344,138 | $14.6M | 1.45% |
| 24 | NEXGEN ENERGY LTD | NXE | 1,518,939 | $14.0M | 1.38% |
| 25 | OCEANEERING INTL INC | 675232102 | 568,734 | $13.7M | 1.35% |
| 26 | SKEENA RES LTD NEW | 83056P715 | 562,975 | $13.4M | 1.32% |
| 27 | DIAMONDBACK ENERGY INC | FANG | 85,243 | $12.8M | 1.27% |
| 28 | FREEPORT-MCMORAN INC | FCX | 237,584 | $12.1M | 1.20% |
| 29 | MOSAIC CO NEW | MOS | 451,046 | $10.9M | 1.08% |
| 30 | DENISON MINES CORP | DNN | 3,952,752 | $10.5M | 1.04% |
| 31 | ORLA MNG LTD NEW | 68634K106 | 777,949 | $10.5M | 1.04% |
| 32 | PAN AMERN SILVER CORP | 697900108 | 175,080 | $9.1M | 0.90% |
| 33 | NOVAGOLD RES INC | 66987E206 | 799,826 | $7.5M | 0.74% |
| 34 | PERMIAN RESOURCES CORP | PR | 449,235 | $7.2M | 0.71% |
| 35 | CIVITAS RESOURCES INC | 17888H103 | 256,605 | $7.0M | 0.69% |
| 36 | BORR DRILLING LTD | BORR | 1,623,163 | $6.5M | 0.65% |
| 37 | TRILOGY METALS INC NEW | TMQ | 1,408,204 | $6.1M | 0.60% |
| 38 | INTREPID POTASH INC | IPI | 219,316 | $6.1M | 0.60% |
| 39 | UR-ENERGY INC | URG | 3,467,921 | $4.8M | 0.48% |
| 40 | CALEDONIA MNG CORP PLC | G1757E113 | 165,304 | $4.3M | 0.43% |
| 41 | ENCORE ENERGY CORP | EU | 1,227,255 | $3.0M | 0.30% |
| 42 | TRIPLE FLAG PRECIOUS METAL | TFPM | 68,022 | $2.3M | 0.22% |
| 43 | SUNCOR ENERGY INC NEW | SU | 727,381 | $0 | 0.00% |