Arkolith/Funds/Goehring & Rozencwajg Associates, LLC

Goehring & Rozencwajg Associates, LLC

CIK 1863154Hedge fund
Holdings as of Mar 31, 2026·disclosed May 5, 2026·~35-day 13F lag·13F-HR
Active Filer

Goehring & Rozencwajg Associates, LLC holds a focused book of 43 stocks worth $1.9B as of Q1 2026 (disclosed May 5, 2026, a ~45-day 13F lag). This quarter they opened Warrior Met Coal Inc and trimmed Nutrien Ltd. Their largest long position is Canadian Natural Resources at 7% of the equity book.

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holdings, largest changes, and filing provenance.
Opened
4
new positions
Added to
31
existing
Trimmed
8
reduced
Sold out
4
exited

Concentration

Top-heavy: focused book

Top 5 holdings
34%
Top 10 holdings
58%
Top 20 holdings
82%

Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.

Direct sector allocation

100% mapped to company sectors

Energy
74%
Materials
26%
Financials
0%
Industrials
0%

Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.

Biggest moves: latest quarter

Estimated $ traded · quarter-end prices, no cost basis

Bought
Trimmed / exited

Holdings: largest first

Bars show each stock's share of the portfolio. Click a row for its position history.

43 positions
#SecurityValueShares% PortLast moveHistory
1Canadian Nat Res Ltd Med Ter
COM
$137.9M2.83M
7.4%
+49%
Added · +925K sh
2Valaris Ltd
CL A
$129.3M1.32M
7.0%
+24%
Added · +257K sh
3Range Res Corp
COM
$123.0M2.72M
6.6%
+36%
Added · +719K sh
4Suncor Energy Inc New
COM
$121.7M1.84M
6.5%
+153%
Added · +1.1M sh
5SLB Limited
COM STK
$118.1M2.30M
6.3%
+145%
Added · +1.4M sh
6Seadrill Ltd
COM
$111.5M2.45M
6.0%
+28%
Added · +530K sh
7Cameco Corp
COM
$90.8M836.4K
4.9%
+22%
Added · +153K sh
8Noble Corp PLC
ORD SHS A
$90.3M1.84M
4.9%
+29%
Added · +415K sh
9Core Natural Resources Inc
COM SHS
$74.2M708.2K
4.0%
+134%
Added · +406K sh
10Eqt Corp
COM
$73.8M1.16M
4.0%
+37%
Added · +313K sh
11Antero Resources Corp
COM
$68.6M1.62M
3.7%
+37%
Added · +434K sh
12Nutrien Ltd
COM
$62.1M822.3K
3.3%
−0.4%
Reduced · −3K sh
13Warrior Met Coal Inc
COM
$55.7M598.1K
3.0%
New
New position
14Sibanye Stillwater Ltd
SPONSORED ADR
$52.6M4.27M
2.8%
+21%
Added · +730K sh
15Alpha Metallurgical Resour I
COM
$49.7M242.0K
2.7%
+207%
Added · +163K sh
16Chord Energy Corporation
COM NEW
$40.3M283.5K
2.2%
New
New position
17Permian Resources Corp
CLASS A COM
$38.7M1.81M
2.1%
+304%
Added · +1.4M sh
18Centrus Energy Corp
CL A
$35.1M202.1K
1.9%
+18%
Added · +31K sh
19Alamos Gold Inc
COM CL A
$30.5M686.6K
1.6%
−12%
Reduced · −94K sh
20Uranium Energy Corp
COM
$29.7M2.20M
1.6%
+21%
Added · +381K sh
21Matador Res Co
COM
$28.9M457.9K
1.6%
+33%
Added · +114K sh
22Energy Fuels Inc
COM NEW
$27.1M1.48M
1.5%
+21%
Added · +255K sh
23Oceaneering Intl Inc
COM
$25.3M713.6K
1.4%
+25%
Added · +145K sh
24Ivanhoe Electric Inc
COM
$25.0M2.12M
1.3%
+18%
Added · +327K sh
25Expand Energy Corporation
COM
$24.8M225.9K
1.3%
+37%
Added · +60K sh
26Mosaic Co
COM
$23.5M922.3K
1.3%
+104%
Added · +471K sh
27Diamondback Energy Inc
COM
$22.4M113.5K
1.2%
+33%
Added · +28K sh
28Nexgen Energy Ltd
COM
$21.0M1.81M
1.1%
+19%
Added · +292K sh
29Equinox Gold Corp
COM
$18.5M1.28M
1.0%
−12%
Reduced · −182K sh
30Comstock Res Inc
COM
$18.2M861.9K
1.0%
+35%
Added · +223K sh
31Denison Mines Corp
COM
$16.7M4.72M
0.9%
+19%
Added · +768K sh
32SM Energy Company
COM
$15.2M487.7K
0.8%
New
New position
33Borr Drilling Ltd
SHS
$12.2M2.12M
0.7%
+31%
Added · +496K sh
34Intrepid Potash Inc
COM
$11.4M267.1K
0.6%
+22%
Added · +48K sh
35Freeport McMoran Inc
CL B
$7.2M123.3K
0.4%
−48%
Reduced · −114K sh
36Ur-Energy Inc
COM
$6.3M4.25M
0.3%
+23%
Added · +785K sh
37Trilogy Metals Inc New
COM
$6.2M1.73M
0.3%
+23%
Added · +320K sh
38Novagold Resources Inc
COM NEW
$6.2M692.7K
0.3%
−13%
Reduced · −107K sh
39Caledonia MNG Corp
SHS NEW
$3.5M153.3K
0.2%
−7.3%
Reduced · −12K sh
40Encore Energy Corp
COM NEW
$2.6M1.46M
0.1%
+19%
Added · +237K sh
41Orla MNG Ltd New
COM
$2.6M161.6K
0.1%
−79%
Reduced · −616K sh
42Triple Flag Precious Metal
COM
$2.1M60.3K
0.1%
−11%
Reduced · −8K sh
43Tidewater Inc New
COM
$327K3.9K
0.0%
New
New position
Showing all 43 positions

Filing history

As-of date vs the date the SEC received each filing

QuarterAs ofFiledPositionsValueForm
Q1 2026Mar 31, 2026May 5, 202643$1.9B13F-HR
Q4 2025Dec 31, 2025Feb 13, 202643$1.0B13F-HR
Q3 2025Sep 30, 2025Nov 10, 202542$830.9M13F-HR
Q2 2025Jun 30, 2025Aug 12, 202541$654.0M13F-HR
Q1 2025Mar 31, 2025Apr 29, 202542$551.7M13F-HR
Q4 2024Dec 31, 2024Jan 28, 202544$486.8M13F-HR
Q3 2024Sep 30, 2024Nov 13, 202444$490.6M13F-HR
Q2 2024Jun 30, 2024Aug 12, 202448$503.7M13F-HR
Q1 2024Mar 31, 2024May 13, 202451$461.5M13F-HR
Q4 2023Dec 31, 2023Feb 14, 202450$413.8M13F-HR
Q3 2023Sep 30, 2023Nov 14, 202350$408.5M13F-HR
Q2 2023Jun 30, 2023Aug 14, 202350$347.6M13F-HR
Q1 2023Mar 31, 2023May 9, 202347$293.2M13F-HR
Q4 2022Dec 31, 2022Mar 1, 202347$281.3M13F-HR

Data source

Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. Price-derived performance is withheld until the price-source policy and freshness gate are green.