Foundation Resource Management Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 21, 2026), Foundation Resource Management Inc. reported 56 stock positions worth $859.7 million. Its top holding was Exxonmobil (XOM) at 6.7% of the portfolio, followed by Teck Resources Ltd.-CLS B (TECK, 6.2%) and Berkshire Hathaway Class B (BRK.B, 5.6%). Compared with Q1 2026, it opened 2 new positions, sold out of 1, added to 26 and reduced 21. The biggest buy was a new position in Builders Firstsource (BLDR) and the biggest sale Exxonmobil (XOM, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- LITTLE ROCK, AR
- CIK
- 0001179232
- Portfolio Value
- $859.7M (Q2 2026)
- SEC Filing
- 0001179232-26-000006 ↗ filed Jul 21, 2026
Holdings Value
Holdings 56 stocks · $859.7M
| XOM Exxonmobil Holdings Corp. | 6.69% | 420,834 | $57.5M | Reduce -0.2% |
| TECK Teck Resources Ltd.-CLS B | 6.15% | 889,933 | $52.9M | Reduce -2.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.55% | 95,399 | $47.7M | Reduce -1.6% |
| NEM Newmont Corp. | 5.43% | 499,595 | $46.7M | Reduce -0.2% |
| CVX Chevron Corp. | 4.56% | 236,345 | $39.2M | Add +0.2% |
| DG Dollar General Corp. | 3.83% | 286,343 | $33.0M | Add +1.0% |
| COP Conocophillips | 3.47% | 286,730 | $29.8M | Reduce -0.2% |
| ADBE Adobe Inc. | 3.19% | 133,964 | $27.5M | Add +70.8% |
| AEM Agnico Eagle Mines Ltd. | 3.17% | 175,951 | $27.3M | Reduce -0.2% |
| VZ Verizon Communications Inc. | 3.17% | 644,119 | $27.3M | Add +0.3% |
| MRK Merck & Co. Inc. | 3.03% | 202,690 | $26.0M | Add +0.2% |
| HPQ HP Inc. | 2.83% | 1,108,598 | $24.3M | Add +0.1% |
| PFE Pfizer Inc. | 2.62% | 936,078 | $22.5M | Add +0.4% |
| ABEV Ambev SA-ADR | 2.59% | 7,085,184 | $22.2M | Reduce -0.3% |
| FHI Federated Hermes Inc. | 2.44% | 380,117 | $21.0M | Reduce -1.8% |
| DEO Diageo PLC-Sponsored ADR | 2.26% | 241,589 | $19.4M | Add +0.6% |
| BEN Franklin Templeton Inc. | 2.26% | 583,131 | $19.4M | Reduce -0.4% |
| PKE Park Aerospace Corp. | 2.23% | 502,684 | $19.2M | Reduce -0.7% |
| INTC Intel Corp. | 2.17% | 133,779 | $18.7M | Reduce -70.8% |
| CMCSA Comcast Corp. Class A | 1.95% | 682,420 | $16.8M | Add +1.6% |
| LKQ LKQ Corp. | 1.85% | 603,424 | $15.9M | Add +1.0% |
| PBT Permian Basin Royalty Trust | 1.82% | 626,331 | $15.7M | Reduce -0.6% |
| MOS The Mosaic Co. | 1.71% | 694,864 | $14.7M | Add +1.6% |
| B Barrick Mining Corp. | 1.65% | 386,565 | $14.2M | Reduce -0.1% |
| L Loews Corp. | 1.65% | 125,360 | $14.2M | Reduce -1.8% |
| FCX Freeport-McMoran Inc. | 1.51% | 206,120 | $13.0M | Reduce -1.7% |
| GILD Gilead Sciences Inc. | 1.50% | 102,147 | $12.9M | Reduce -0.8% |
| BLDR Builders Firstsource Inc. | 1.48% | 142,094 | $12.7M | New |
| CVE Cenovus Energy Inc. | 1.46% | 507,297 | $12.6M | Add +0.3% |
| TEN Tsakos Energy Navigation Ltd. | 1.38% | 336,441 | $11.9M | Reduce -1.9% |
| NTR Nutrien Ltd. | 1.37% | 187,442 | $11.8M | Add +0.6% |
| SNY Sanofi-ADR | 1.36% | 274,452 | $11.7M | Add +0.5% |
| PSX Phillips 66 | 1.21% | 61,342 | $10.4M | Reduce -0.8% |
| BMY Bristol-Myers Squibb Co. | 1.15% | 171,716 | $9.9M | Add +3.5% |
| TRC Tejon Ranch Co. | 1.12% | 514,024 | $9.6M | Add +0.3% |
| APA Apa Corp. | 1.00% | 262,921 | $8.6M | Add +0.9% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.99% | 177,838 | $8.5M | Add +2.1% |
| CPB The Campbell's Company | 0.94% | 363,960 | $8.1M | Add +2.1% |
| KHC The Kraft Heinz Co. | 0.90% | 326,800 | $7.7M | Add +0.9% |
| CNH CNH Industrial NV | 0.89% | 684,335 | $7.7M | Reduce 0.0% |
| DVN Devon Energy Corp. | 0.73% | 152,079 | $6.3M | Add +2.9% |
| CCJ Cameco Corp. | 0.66% | 55,568 | $5.7M | Reduce -0.8% |
| OVV Ovintiv Inc. | 0.64% | 104,143 | $5.5M | Add +0.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.44% | 5 | $3.7M | No change |
| WMT Walmart Inc. | 0.24% | 18,055 | $2.0M | Add +3.2% |
| MPC Marathon Petroleum Corp. | 0.15% | 4,929 | $1.3M | No change |
| RIG Transocean Ltd. | 0.10% | 169,298 | $828K | No change |
| IMO Imperial Oil Ltd. | 0.09% | 6,945 | $778K | No change |
| TRV The Travelers Cos Inc. | 0.09% | 2,315 | $764K | No change |
| CB Chubb Ltd. | 0.08% | 2,129 | $725K | No change |
| EAF Graftech International Ltd. | 0.07% | 106,355 | $629K | Reduce -0.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.05% | 1,559 | $438K | Add +11.4% |
| RTX RTX Corp. | 0.05% | 2,108 | $400K | Add +20.5% |
| JNJ Johnson & Johnson | 0.04% | 1,215 | $309K | Add +9.9% |
| MUSA Murphy USA Inc. | 0.02% | 375 | $202K | New |
| SJT San Juan Basin Royalty TR | 0.01% | 14,565 | $47K | No change |
Portfolio Sells Q1 2026 → Q2 2026
| XOM Exxonmobil Holdings Corp. | Reduce -0.2% | 6.69% | −1.36 |
| AEM Agnico Eagle Mines Ltd. | Reduce -0.2% | 3.17% | −0.85 |
| COP Conocophillips | Reduce -0.2% | 3.47% | −0.80 |
| NEM Newmont Corp. | Reduce -0.2% | 5.43% | −0.67 |
| TEN Tsakos Energy Navigation Ltd. | Reduce -1.9% | 1.38% | −0.14 |
| B Barrick Mining Corp. | Reduce -0.1% | 1.65% | −0.12 |
| GILD Gilead Sciences Inc. | Reduce -0.8% | 1.50% | −0.11 |
| INTC Intel Corp. | Reduce -70.8% | 2.17% | −0.10 |
| PSX Phillips 66 | Reduce -0.8% | 1.21% | −0.06 |
| FHI Federated Hermes Inc. | Reduce -1.8% | 2.44% | −0.03 |
| MUR Murphy Oil Corp. | Sold out | 0.00% | −0.03 |
| CCJ Cameco Corp. | Reduce -0.8% | 0.66% | −0.03 |
| EAF Graftech International Ltd. | Reduce -0.7% | 0.07% | −0.01 |
| CNH CNH Industrial NV | Reduce 0.0% | 0.89% | +0.05 |
| L Loews Corp. | Reduce -1.8% | 1.65% | +0.12 |
| FCX Freeport-McMoran Inc. | Reduce -1.7% | 1.51% | +0.12 |
| ABEV Ambev SA-ADR | Reduce -0.3% | 2.59% | +0.25 |
| PBT Permian Basin Royalty Trust | Reduce -0.6% | 1.82% | +0.30 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.6% | 5.55% | +0.32 |
| PKE Park Aerospace Corp. | Reduce -0.7% | 2.23% | +0.67 |
| BEN Franklin Templeton Inc. | Reduce -0.4% | 2.26% | +0.70 |
| TECK Teck Resources Ltd.-CLS B | Reduce -2.5% | 6.15% | +0.84 |
Portfolio Buys Q1 2026 → Q2 2026
| BLDR Builders Firstsource Inc. | New | 1.48% | +1.48 |
| ADBE Adobe Inc. | Add +70.8% | 3.19% | +1.05 |
| HPQ HP Inc. | Add +0.1% | 2.83% | +0.44 |
| MRK Merck & Co. Inc. | Add +0.2% | 3.03% | +0.29 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +2.1% | 0.99% | +0.27 |
| DEO Diageo PLC-Sponsored ADR | Add +0.6% | 2.26% | +0.25 |
| KHC The Kraft Heinz Co. | Add +0.9% | 0.90% | +0.08 |
| CPB The Campbell's Company | Add +2.1% | 0.94% | +0.05 |
| DG Dollar General Corp. | Add +1.0% | 3.83% | +0.05 |
| TRC Tejon Ranch Co. | Add +0.3% | 1.12% | +0.03 |
| MUSA Murphy USA Inc. | New | 0.02% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +3.5% | 1.15% | +0.02 |
| IBM Intl Business Machines Corp. | Add +11.4% | 0.05% | +0.01 |
| RTX RTX Corp. | Add +20.5% | 0.05% | +0.01 |
| JNJ Johnson & Johnson | Add +9.9% | 0.04% | +0.01 |
| WMT Walmart Inc. | Add +3.2% | 0.24% | −0.01 |
| CVE Cenovus Energy Inc. | Add +0.3% | 1.46% | −0.05 |
| OVV Ovintiv Inc. | Add +0.6% | 0.64% | −0.05 |
| DVN Devon Energy Corp. | Add +2.9% | 0.73% | −0.11 |
| SNY Sanofi-ADR | Add +0.5% | 1.36% | −0.12 |
| LKQ LKQ Corp. | Add +1.0% | 1.85% | −0.13 |
| NTR Nutrien Ltd. | Add +0.6% | 1.37% | −0.21 |
| CMCSA Comcast Corp. Class A | Add +1.6% | 1.95% | −0.22 |
| APA Apa Corp. | Add +0.9% | 1.00% | −0.25 |
| MOS The Mosaic Co. | Add +1.6% | 1.71% | −0.25 |
| PFE Pfizer Inc. | Add +0.4% | 2.62% | −0.33 |
| VZ Verizon Communications Inc. | Add +0.3% | 3.17% | −0.46 |
| CVX Chevron Corp. | Add +0.2% | 4.56% | −0.94 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 56 | $859.7M | XOM, TECK, BRK.B, NEM, CVX |
| Q1 2026 | 55 | $888.5M | XOM, NEM, CVX, TECK, BRK.B |
| Q4 2025 | 52 | $747.5M | NEM, XOM, BRK.B, TECK, DG |
| Q3 2025 | 51 | $696.0M | BRK.B, NEM, XOM, TECK, CVX |
| Q2 2025 | 50 | $646.7M | BRK.B, XOM, NEM, TECK, AEM |
| Q1 2025 | 50 | $634.4M | BRK.B, XOM, CVX, TECK, AEM |
| Q4 2024 | 52 | $598.7M | XOM, BRK.B, TECK, CVX, CCJ |
| Q3 2024 | 52 | $646.9M | TECK, XOM, BRK.B, NEM, CVX |
| Q2 2024 | 52 | $625.9M | XOM, TECK, BRK.B, CVX, COP |
| Q1 2024 | 52 | $636.6M | XOM, TECK, BRK.B, COP, CVX |