Institutional Manager · CIK 0001317208
TSP Capital Management Group, LLC
Summit, NJ · File #028-11167
Latest AUM
$409.3M
Positions
45
Top-10 Concentration
53.5%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | COMPANIA DE MINAS BUENAVENTU | 204448104 | -174,140 | -$4.8M | +$3.5M |
| REDUCE | NEW GOLD INC CDA | 644535106 | -459,000 | -$4.0M | +$6.1M |
| ADD | GLOBAL WTR RES INC | 379463102 | +435,129 | +$3.7M | -$596,764 |
| REDUCE | SIBANYE STILLWATER LTD | SBYSF | -251,100 | -$3.6M | +$5.5M |
| ADD | MIDDLESEX WTR CO | 596680108 | +68,854 | +$3.5M | -$441,127 |
| NEW | AMERICAN WTR WKS CO INC NEW | 030420103 | +11,950 | +$1.6M | $0 |
| ADD | STRATASYS LTD | SSYS | +143,800 | +$1.2M | -$2.4M |
| REDUCE | WESTERN UN CO | WU | -108,122 | -$1.0M | +$608,782 |
| REDUCE | WARNER BROS DISCOVERY INC | WBD | -20,200 | -$582,165 | +$3.1M |
| REDUCE | ISHARES SILVER TR | SLV | -7,250 | -$467,045 | +$9.1M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202545 pos · $409.3M
- 13F HOLDINGS REPORTQ/E Sep 202544 pos · $373.7M
- 13F HOLDINGS REPORTQ/E Jun 202544 pos · $318.6M
- 13F HOLDINGS REPORTQ/E Mar 202546 pos · $303.9M
- 13F HOLDINGS REPORTQ/E Dec 202447 pos · $294.4M
- 13F HOLDINGS REPORTQ/E Sep 202447 pos · $323.3M
- 13F HOLDINGS REPORTQ/E Jun 202448 pos · $319.0M
- 13F HOLDINGS REPORTQ/E Mar 202448 pos · $310.7M
- 13F HOLDINGS REPORTQ/E Dec 202347 pos · $259.3M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 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% |