Aegis Financial Corp.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 8, 2024), Aegis Financial Corp. reported 25 stock positions worth $103.9 million. Its top holding was Hallador Energy (HNRG) at 15.1% of the portfolio, followed by Natural Gas Services (NGS, 13.2%) and Equinox Gold (EQX, 12.9%). Compared with Q1 2024, it sold out of 2 and reduced 5. The biggest sale was an exit from Superior Group of Cos (SGC).
- Most Recent 13F
- Q2 2026
- Location
- MC LEAN, VA
- CIK
- 0001140753
- Portfolio Value
- $103.9M (Q2 2024)
- SEC Filing
- 0001104659-24-087262 ↗ filed Aug 8, 2024
Holdings Value
Holdings 25 stocks · $103.9M
| HNRG Hallador Energy Co. | 15.11% | 2,021,102 | $15.7M | No change |
| NGS Natural Gas Services Group | 13.21% | 682,175 | $13.7M | Reduce -20.2% |
| EQX Equinox Gold Corp. | 12.90% | 2,568,645 | $13.4M | No change |
| BTU Peabody Energy Corp. | 10.33% | 485,392 | $10.7M | No change |
| ASTL Algoma Steel Group Inc. | 9.78% | 1,459,903 | $10.2M | Reduce -0.0% |
| BSET Bassett Furniture Inds | 6.51% | 476,308 | $6.8M | Reduce -0.1% |
| PDS Precision Drilling Corp. | 6.15% | 90,932 | $6.4M | No change |
| EGO Eldorado Gold Corp. | 5.88% | 413,039 | $6.1M | No change |
| AE Adams Resources & Energy Inc. | 3.10% | 115,111 | $3.2M | No change |
| VET Vermilion Energy Inc. | 2.97% | 280,000 | $3.1M | No change |
| EFXT Enerflex Ltd. | 2.86% | 551,598 | $3.0M | No change |
| MERC Mercer International Inc. | 2.54% | 309,498 | $2.6M | No change |
| ASC Ardmore Shipping Corp. | 1.97% | 90,861 | $2.0M | No change |
| WHG Westwood Holdings Group Inc. | 1.17% | 100,002 | $1.2M | No change |
| IAUX I-80 Gold Corp. | 1.14% | 1,126,838 | $1.2M | No change |
| SLV iShares Silver Trust | 1.00% | 39,025 | $1.0M | Reduce -6.0% |
| HNNA Hennessy Advisors Inc. | 0.97% | 141,353 | $1.0M | No change |
| XPL Solitario Resources Corp. | 0.54% | 632,458 | $560K | No change |
| DLAPQ Delta Apparel Inc. | 0.39% | 695,018 | $403K | No change |
| MEC Mayville Engineering Co. Inc. | 0.35% | 21,949 | $366K | Reduce -89.7% |
| PRESURANCE HOLDINGS INC filed as CONIFER HLDGS INC | 0.34% | 474,519 | $356K | No change |
| WFG West Fraser Timber Co. Ltd. | 0.26% | 3,458 | $266K | No change |
| GLD SPDR Gold Shares | 0.23% | 1,097 | $236K | No change |
| KGC Kinross Gold Corp. | 0.18% | 22,282 | $185K | No change |
| EMKR Emcore Corp. | 0.11% | 99,702 | $118K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| SGC Superior Group of Cos Inc. | Sold out | 0.00% | −4.30 |
| MEC Mayville Engineering Co. Inc. | Reduce -89.7% | 0.35% | −2.25 |
| NGS Natural Gas Services Group | Reduce -20.2% | 13.21% | −0.89 |
| ASTL Algoma Steel Group Inc. | Reduce -0.0% | 9.78% | −0.74 |
| MTRX Matrix Service Co. | Sold out | 0.00% | −0.36 |
| SLV iShares Silver Trust | Reduce -6.0% | 1.00% | +0.20 |
| BSET Bassett Furniture Inds | Reduce -0.1% | 6.51% | +0.54 |
Portfolio Buys Q1 2024 → Q2 2024
| None this quarter. | |||
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 39 | $633.2M | CVE, PDS, EQX, HOG, HNRG |
| Q1 2026 | 37 | $580.5M | CVE, EQX, PDS, VET, PBF |
| Q4 2025 | 33 | $419.3M | EQX, CVE, PDS, HNRG, NGS |
| Q3 2025 | 26 | $261.3M | EQX, HNRG, PDS, NGS, PBF |
| Q2 2025 | 25 | $169.9M | HNRG, EQX, NGS, PBF, TDW |
| Q1 2025 | 23 | $117.2M | HNRG, EQX, NGS, PDS, TDW |
| Q4 2024 | 22 | $116.1M | HNRG, NGS, ASTL, EQX, PDS |
| Q3 2024 | 23 | $117.3M | HNRG, EQX, ASTL, NGS, BTU |
| Q2 2024 | 25 | $103.9M | HNRG, NGS, EQX, BTU, ASTL |
| Q1 2024 | 27 | $117.8M | NGS, EQX, ASTL, BTU, HNRG |