Goehring & Rozencwajg Associates, LLC

hedge fundUpdated 36 days ago

Managed by Goehring & Rozencwajg Associates, Llc • Latest filing Q2 2026

Portfolio value

$1.7B

Q2 2026

Filings

14

Quarterly 13F history

Top-10 concentration

100.0%

Weight of largest holdings

Annualized return

72.9%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 14 quarters

Show data table

Period	Portfolio value
Q1 2023	$293.2M
Q2 2023	$347.6M
Q3 2023	$408.5M
Q4 2023	$413.8M
Q1 2024	$461.5M
Q2 2024	$503.7M
Q3 2024	$490.6M
Q4 2024	$486.8M
Q1 2025	$551.7M
Q2 2025	$654M
Q3 2025	$830.9M
Q4 2025	$1B
Q1 2026	$1.9B
Q2 2026	$1.7B

Top holdings

41 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	C CNQ CANADIAN NAT RES LTD MED TER	$120.3M	3.04M	6.92%	Added(+7.6%)
2	R RPRX SLB LIMITED	$114.1M	2.45M	6.56%	Added(+6.8%)
3	R RRC RANGE RES CORP	$108.6M	2.92M	6.25%	Added(+7.3%)
4	S SU SUNCOR ENERGY INC NEW	$106.1M	1.97M	6.10%	Added(+7.3%)
5	V VAL-WT VALARIS LTD	$102.6M	1.41M	5.90%	Added(+7.1%)
6	S SDRL SEADRILL LTD	$99.7M	2.64M	5.74%	Added(+7.6%)
7	A AMR ALPHA METALLURGICAL RESOUR I	$93.1M	564.7K	5.36%	Added(+133.3%)
8	N NTR NUTRIEN LTD	$91.6M	1.46M	5.27%	Added(+77.0%)
9	C CCJ CAMECO CORP	$91M	893.3K	5.23%	Added(+6.8%)
10	? N/A CORE NATURAL RESOURCES INC	$88.1M	1.10M	5.07%	Added(+55.5%)
11	H HCC WARRIOR MET COAL INC	$77.2M	951.0K	4.44%	Added(+59.0%)
12	N NE-WT NOBLE CORP PLC	$74.1M	1.99M	4.26%	Added(+8.0%)
13	E EQT EQT CORP	$66M	1.24M	3.79%	Added(+7.0%)
14	A AR ANTERO RESOURCES CORP	$60.9M	1.73M	3.50%	Added(+7.1%)
15	S SBYSF SIBANYE STILLWATER LTD	$38.9M	4.58M	2.24%	Added(+7.3%)
16	L LEU CENTRUS ENERGY CORP	$36.4M	216.8K	2.09%	Added(+7.3%)
17	P PR PERMIAN RESOURCES CORP	$35.2M	1.91M	2.03%	Added(+5.5%)
18	C CHRD CHORD ENERGY CORPORATION	$35.1M	307.0K	2.02%	Added(+8.3%)
19	O OII OCEANEERING INTL INC	$31.4M	775.5K	1.81%	Added(+8.7%)
20	U UEC URANIUM ENERGY CORP	$25.1M	2.36M	1.45%	Added(+7.1%)

C

CANADIAN NAT RES LTD MED TER

+7.6%

Value

$120.3M

Shares

3.04M

% Port

6.92%

R

SLB LIMITED

+6.8%

Value

$114.1M

Shares

2.45M

% Port

6.56%

R

RANGE RES CORP

+7.3%

Value

$108.6M

Shares

2.92M

% Port

6.25%

S

4.SU

SUNCOR ENERGY INC NEW

+7.3%

Value

$106.1M

Shares

1.97M

% Port

6.10%

V

VALARIS LTD

+7.1%

Value

$102.6M

Shares

1.41M

% Port

5.90%

S

SEADRILL LTD

+7.6%

Value

$99.7M

Shares

2.64M

% Port

5.74%

A

ALPHA METALLURGICAL RESOUR I

+133.3%

Value

$93.1M

Shares

564.7K

% Port

5.36%

N

NUTRIEN LTD

+77.0%

Value

$91.6M

Shares

1.46M

% Port

5.27%

C

CAMECO CORP

+6.8%

Value

$91M

Shares

893.3K

% Port

5.23%

?

10.N/A

CORE NATURAL RESOURCES INC

+55.5%

Value

$88.1M

Shares

1.10M

% Port

5.07%

H

11.HCC

WARRIOR MET COAL INC

+59.0%

Value

$77.2M

Shares

951.0K

% Port

4.44%

N

NOBLE CORP PLC

+8.0%

Value

$74.1M

Shares

1.99M

% Port

4.26%

E

13.EQT

EQT CORP

+7.0%

Value

$66M

Shares

1.24M

% Port

3.79%

A

14.AR

ANTERO RESOURCES CORP

+7.1%

Value

$60.9M

Shares

1.73M

% Port

3.50%

S

SIBANYE STILLWATER LTD

+7.3%

Value

$38.9M

Shares

4.58M

% Port

2.24%

L

16.LEU

CENTRUS ENERGY CORP

+7.3%

Value

$36.4M

Shares

216.8K

% Port

2.09%

P

17.PR

PERMIAN RESOURCES CORP

+5.5%

Value

$35.2M

Shares

1.91M

% Port

2.03%

C

CHORD ENERGY CORPORATION

+8.3%

Value

$35.1M

Shares

307.0K

% Port

2.02%

O

19.OII

OCEANEERING INTL INC

+8.7%

Value

$31.4M

Shares

775.5K

% Port

1.81%

U

20.UEC

URANIUM ENERGY CORP

+7.1%

Value

$25.1M

Shares

2.36M

% Port

1.45%

View full portfolio (41 holdings) →

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