TSP Capital Management Group, LLC

hedge fundUpdated 41 days ago

Managed by Tsp Capital Management Group, Llc • Latest filing Q2 2026

Portfolio value

$418M

Q2 2026

Filings

13

Quarterly 13F history

Top-10 concentration

100.0%

Weight of largest holdings

Annualized return

14.7%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 13 quarters

Show data table

Period	Portfolio value
Q2 2023	$277.1M
Q3 2023	$259.3M
Q4 2023	$288.6M
Q1 2024	$310.7M
Q2 2024	$319M
Q3 2024	$323.3M
Q4 2024	$294.4M
Q1 2025	$303.9M
Q2 2025	$318.6M
Q3 2025	$373.7M
Q4 2025	$409.3M
Q1 2026	$409.8M
Q2 2026	$418M

Top holdings

43 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	A ADEA ADEIA INC	$29.2M	885.6K	6.98%	Trimmed(-12.5%)
2	C CDE COEUR MNG INC	$28.3M	1.74M	6.78%	Trimmed(-0.1%)
3	N NOKBF NOKIA CORP	$27.3M	2.06M	6.53%	Trimmed(-17.6%)
4	T TMQ TRILOGY METALS INC NEW	$23.8M	6.78M	5.69%	Added(+0.3%)
5	? N/A COMPANIA DE MINAS BUENAVENTU	$20.3M	692.4K	4.85%	Trimmed(-0.1%)
6	M MLP MAUI LD & PINEAPPLE INC	$19.5M	1.10M	4.67%	Trimmed(-0.3%)
7	? N/A CIA ENERGETICA DE MINAS GERA	$19.2M	9.12M	4.58%	Unchanged
8	C CTVA CORTEVA INC	$17.9M	211.6K	4.29%	Trimmed(-0.0%)
9	M MNKD MANNKIND CORP	$16.9M	3.97M	4.05%	Added(+18.8%)
10	S SLV ISHARES SILVER TR	$14.2M	264.9K	3.39%	Unchanged
11	C CWCO CONSOLIDATED WATER CO INC	$14.1M	479.2K	3.38%	Unchanged
12	? N/A CELLDEX THERAPEUTICS INC NEW	$13.8M	371.1K	3.30%	Trimmed(-1.1%)
13	F FCX FREEPORT MCMORAN INC	$13.4M	213.6K	3.21%	Trimmed(-0.2%)
14	N NVAX NOVAVAX INC	$13.4M	1.42M	3.20%	Added(+2.1%)
15	M MSEXP MIDDLESEX WTR CO	$11.9M	211.0K	2.84%	Added(+0.3%)
16	X XYL XYLEM INC	$10.4M	88.0K	2.49%	Added(0.0%)
17	N NEMCL NEWMONT CORP	$9.7M	104.0K	2.32%	Unchanged
18	? N/A GLOBAL WTR RES INC	$9.7M	1.34M	2.32%	Added(+13.4%)
19	S SSYS STRATASYS LTD	$9.5M	1.11M	2.28%	Added(+0.0%)
20	S SBYSF SIBANYE STILLWATER LTD	$9.3M	1.10M	2.23%	Added(+12.9%)

A

ADEIA INC

-12.5%

Value

$29.2M

Shares

885.6K

% Port

6.98%

C

COEUR MNG INC

-0.1%

Value

$28.3M

Shares

1.74M

% Port

6.78%

N

NOKIA CORP

-17.6%

Value

$27.3M

Shares

2.06M

% Port

6.53%

T

TRILOGY METALS INC NEW

+0.3%

Value

$23.8M

Shares

6.78M

% Port

5.69%

?

5.N/A

COMPANIA DE MINAS BUENAVENTU

-0.1%

Value

$20.3M

Shares

692.4K

% Port

4.85%

M

MAUI LD & PINEAPPLE INC

-0.3%

Value

$19.5M

Shares

1.10M

% Port

4.67%

?

7.N/A

CIA ENERGETICA DE MINAS GERA

Unchanged

Value

$19.2M

Shares

9.12M

% Port

4.58%

C

CORTEVA INC

-0.0%

Value

$17.9M

Shares

211.6K

% Port

4.29%

M

MANNKIND CORP

+18.8%

Value

$16.9M

Shares

3.97M

% Port

4.05%

S

10.SLV

ISHARES SILVER TR

Unchanged

Value

$14.2M

Shares

264.9K

% Port

3.39%

C

CONSOLIDATED WATER CO INC

Unchanged

Value

$14.1M

Shares

479.2K

% Port

3.38%

?

12.N/A

CELLDEX THERAPEUTICS INC NEW

-1.1%

Value

$13.8M

Shares

371.1K

% Port

3.30%

F

13.FCX

FREEPORT MCMORAN INC

-0.2%

Value

$13.4M

Shares

213.6K

% Port

3.21%

N

NOVAVAX INC

+2.1%

Value

$13.4M

Shares

1.42M

% Port

3.20%

M

MIDDLESEX WTR CO

+0.3%

Value

$11.9M

Shares

211.0K

% Port

2.84%

X

16.XYL

XYLEM INC

0.0%

Value

$10.4M

Shares

88.0K

% Port

2.49%

N

NEWMONT CORP

Unchanged

Value

$9.7M

Shares

104.0K

% Port

2.32%

?

18.N/A

GLOBAL WTR RES INC

+13.4%

Value

$9.7M

Shares

1.34M

% Port

2.32%

S

STRATASYS LTD

+0.0%

Value

$9.5M

Shares

1.11M

% Port

2.28%

S

SIBANYE STILLWATER LTD

+12.9%

Value

$9.3M

Shares

1.10M

% Port

2.23%

View full portfolio (43 holdings) →

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