Goehring & Rozencwajg Associates, LLC

Q3 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
9/30/2025
Date filed
11/10/2025
Form type
13F-HR
Num holdings
42
Total value ($000)
$830,880
Net value change ($000)
+176,923 (27.1%)
New positions
1
Sold out positions
0
Turnover %
0.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/12/2025 Next filing: 2/13/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VAL 25,820 141.9%
NE 20,441 201.4%
LEU 15,951 47.0%
CNQ 14,513 82.2%
SBSW 13,588 56.2%
EQX 12,307 94.8%
UEC 11,285 95.8%
UUUU 11,200 166.7%
AGI 9,797 31.5%
SDRL 7,004 15.8%
Top Reduces (Value $000, Stocks/ETFs)
AR -5,563 -16.7%
RRC -4,098 -7.2%
CRK -3,180 -28.1%
EQT -2,110 -6.1%
EXE -1,137 -8.8%
IPI -1,047 -14.1%
FCX -908 -9.3%
MTDR -766 -5.6%
MOS -730 -4.7%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type