Goehring & Rozencwajg Associates, LLC

Q1 2026 13F-HR Holdings

Location
New York, NY
Holdings as of
3/31/2026
Date filed
5/5/2026
Form type
13F-HR
Num holdings
43
Total value ($000)
$1,861,026
Net value change ($000)
+851,640 (84.4%)
New positions
4
Sold out positions
4
Turnover %
8.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/13/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 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)
SU 121,668 NEW
SLB 82,161 228.5%
VAL 75,821 141.6%
CNQ 73,433 113.9%
HCC 55,714 NEW
RRC 52,340 74.1%
NE 50,076 124.3%
CNR 47,378 176.8%
SDRL 45,034 67.8%
CHRD 40,302 NEW
Top Reduces (Value $000, Stocks/ETFs)
HBM -16,380 -100.0%
SKE -13,373 -100.0%
PAAS -9,071 -100.0%
ORLA -7,867 -75.2%
CIVI -6,951 -100.0%
LEU -6,465 -15.6%
FCX -4,822 -40.0%
IE -3,572 -12.5%
EQX -2,062 -10.0%
NG -1,233 -16.5%
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