Foundation Resource Management Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 11, 2024), Foundation Resource Management Inc. reported 52 stock positions worth $636.6 million. Its top holding was Exxon Mobil (XOM) at 8.1% of the portfolio, followed by Teck Resources Ltd.-CLS B (TECK, 7.5%) and Berkshire Hathaway Class B (BRK.B, 6.7%). Compared with Q4 2023, it added to 30 and reduced 10. The biggest buy was Exxon Mobil (XOM, shares +1%) and the biggest sale Cameco (CCJ, shares −29%).
- Most Recent 13F
- Q2 2026
- Location
- LITTLE ROCK, AR
- CIK
- 0001179232
- Portfolio Value
- $636.6M (Q1 2024)
- SEC Filing
- 0001179232-24-000002 ↗ filed Apr 11, 2024
Holdings Value
Holdings 52 stocks · $636.6M
| XOM Exxon Mobil Corp. | 8.07% | 442,127 | $51.4M | Add +0.6% |
| TECK Teck Resources Ltd.-CLS B | 7.47% | 1,038,370 | $47.5M | Reduce -0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 6.69% | 101,317 | $42.6M | Add +0.6% |
| COP Conocophillips | 6.02% | 300,877 | $38.3M | Add +0.1% |
| CVX Chevron Corp. | 5.98% | 241,177 | $38.0M | Add +1.1% |
| VZ Verizon Communications Inc. | 4.22% | 639,956 | $26.9M | Add +0.5% |
| CCJ Cameco Corp. | 4.00% | 587,868 | $25.5M | Reduce -28.7% |
| NEM Newmont Corp. | 3.99% | 709,449 | $25.4M | Add +4.0% |
| INTC Intel Corp. | 3.82% | 550,803 | $24.3M | Add +0.6% |
| MOS The Mosaic Co. | 3.23% | 633,849 | $20.6M | Add +0.6% |
| AEM Agnico Eagle Mines Ltd. | 2.99% | 318,828 | $19.0M | Add +3.7% |
| MRK Merck & Co. Inc. | 2.67% | 128,818 | $17.0M | Reduce -34.5% |
| BEN Franklin Templeton Inc. | 2.58% | 584,336 | $16.4M | Add +1.6% |
| PFE Pfizer Inc. | 2.50% | 574,299 | $15.9M | Add +0.9% |
| FHI Federated Hermes Inc. | 2.37% | 418,573 | $15.1M | Add +1.0% |
| GILD Gilead Sciences Inc. | 2.37% | 205,686 | $15.1M | Add +2.6% |
| SNY Sanofi-ADR | 2.10% | 275,419 | $13.4M | Add +2.0% |
| PARAA Paramount Global Class B | 2.04% | 1,101,664 | $13.0M | Add +3.4% |
| KHC The Kraft Heinz Co. | 1.88% | 323,482 | $11.9M | Add +0.2% |
| B Barrick Gold Corp. | 1.83% | 700,320 | $11.7M | Add +0.3% |
| HPQ HP Inc. | 1.79% | 377,478 | $11.4M | Add +0.2% |
| FCX Freeport-McMoran Inc. | 1.75% | 236,715 | $11.1M | Reduce -0.4% |
| PSX Phillips 66 | 1.70% | 66,212 | $10.8M | No change |
| TEN Tsakos Energy Navigation Ltd. | 1.47% | 369,134 | $9.4M | Add +0.6% |
| L Loews Corp. | 1.43% | 116,304 | $9.1M | Reduce -2.1% |
| CVE Cenovus Energy Inc. | 1.32% | 419,379 | $8.4M | Add +4.5% |
| PBT Permian Basin Royalty Trust | 1.30% | 682,634 | $8.3M | Add +0.8% |
| CNH CNH Industrial NV | 1.29% | 632,301 | $8.2M | Add +1.0% |
| PKE Park Aerospace Corp. | 1.20% | 459,846 | $7.6M | Add +3.7% |
| TRC Tejon Ranch Co. | 1.17% | 482,773 | $7.4M | Add +1.4% |
| CSCO Cisco Systems Inc. | 1.16% | 147,401 | $7.4M | Reduce -0.1% |
| ABBV Abbvie Inc. | 1.13% | 39,637 | $7.2M | Reduce -0.1% |
| ABEV Ambev SA-ADR | 1.10% | 2,829,628 | $7.0M | Add +1.8% |
| APA Apa Corp. | 0.80% | 147,758 | $5.1M | Add +3.8% |
| OVV Ovintiv Inc. | 0.72% | 88,215 | $4.6M | Add +4.3% |
| LUMN Lumen Technologies Inc. | 0.66% | 2,685,554 | $4.2M | Reduce -2.3% |
| DVN Devon Energy Corp. | 0.64% | 81,679 | $4.1M | Add +6.7% |
| GLW Corning Inc. | 0.51% | 98,772 | $3.3M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.50% | 5 | $3.2M | No change |
| EAF Graftech International Ltd. | 0.39% | 1,803,484 | $2.5M | Add +13.8% |
| RIG Transocean Ltd. | 0.19% | 195,706 | $1.2M | Add +0.4% |
| WMT Walmart Inc. | 0.19% | 19,626 | $1.2M | No change |
| MPC Marathon Petroleum Corp. | 0.16% | 4,929 | $993K | No change |
| GLATFELTER CORP | 0.14% | 432,037 | $864K | Reduce -1.4% |
| TRV The Travelers Cos Inc. | 0.10% | 2,665 | $613K | No change |
| AGI Alamos Gold Inc. Class A | 0.09% | 40,160 | $592K | Reduce -1.9% |
| CB Chubb Ltd. | 0.09% | 2,129 | $552K | No change |
| IMO Imperial Oil Ltd. | 0.08% | 7,025 | $486K | No change |
| MUR Murphy Oil Corp. | 0.04% | 6,050 | $276K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.04% | 1,399 | $267K | No change |
| EMN Eastman Chemical Co. | 0.04% | 2,400 | $241K | No change |
| SJT San Juan Basin Royalty TR | 0.01% | 15,625 | $83K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| CCJ Cameco Corp. | Reduce -28.7% | 4.00% | −1.66 |
| MRK Merck & Co. Inc. | Reduce -34.5% | 2.67% | −0.74 |
| LUMN Lumen Technologies Inc. | Reduce -2.3% | 0.66% | −0.14 |
| CSCO Cisco Systems Inc. | Reduce -0.1% | 1.16% | −0.03 |
| GLATFELTER CORP | Reduce -1.4% | 0.14% | +0.00 |
| AGI Alamos Gold Inc. Class A | Reduce -1.9% | 0.09% | +0.01 |
| L Loews Corp. | Reduce -2.1% | 1.43% | +0.11 |
| FCX Freeport-McMoran Inc. | Reduce -0.4% | 1.75% | +0.14 |
| ABBV Abbvie Inc. | Reduce -0.1% | 1.13% | +0.15 |
| TECK Teck Resources Ltd.-CLS B | Reduce -0.7% | 7.47% | +0.42 |
Portfolio Buys Q4 2023 → Q1 2024
| XOM Exxon Mobil Corp. | Add +0.6% | 8.07% | +1.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.6% | 6.69% | +0.97 |
| COP Conocophillips | Add +0.1% | 6.02% | +0.46 |
| VZ Verizon Communications Inc. | Add +0.5% | 4.22% | +0.39 |
| CVX Chevron Corp. | Add +1.1% | 5.98% | +0.31 |
| AEM Agnico Eagle Mines Ltd. | Add +3.7% | 2.99% | +0.30 |
| CVE Cenovus Energy Inc. | Add +4.5% | 1.32% | +0.25 |
| TEN Tsakos Energy Navigation Ltd. | Add +0.6% | 1.47% | +0.17 |
| PKE Park Aerospace Corp. | Add +3.7% | 1.20% | +0.16 |
| FHI Federated Hermes Inc. | Add +1.0% | 2.37% | +0.14 |
| OVV Ovintiv Inc. | Add +4.3% | 0.72% | +0.13 |
| DVN Devon Energy Corp. | Add +6.7% | 0.64% | +0.09 |
| CNH CNH Industrial NV | Add +1.0% | 1.29% | +0.07 |
| RIG Transocean Ltd. | Add +0.4% | 0.19% | −0.00 |
| HPQ HP Inc. | Add +0.2% | 1.79% | −0.01 |
| APA Apa Corp. | Add +3.8% | 0.80% | −0.02 |
| KHC The Kraft Heinz Co. | Add +0.2% | 1.88% | −0.03 |
| SNY Sanofi-ADR | Add +2.0% | 2.10% | −0.04 |
| PFE Pfizer Inc. | Add +0.9% | 2.50% | −0.11 |
| TRC Tejon Ranch Co. | Add +1.4% | 1.17% | −0.14 |
| ABEV Ambev SA-ADR | Add +1.8% | 1.10% | −0.14 |
| BEN Franklin Templeton Inc. | Add +1.6% | 2.58% | −0.15 |
| EAF Graftech International Ltd. | Add +13.8% | 0.39% | −0.16 |
| B Barrick Gold Corp. | Add +0.3% | 1.83% | −0.18 |
| PBT Permian Basin Royalty Trust | Add +0.8% | 1.30% | −0.21 |
| GILD Gilead Sciences Inc. | Add +2.6% | 2.37% | −0.22 |
| MOS The Mosaic Co. | Add +0.6% | 3.23% | −0.35 |
| PARAA Paramount Global Class B | Add +3.4% | 2.04% | −0.47 |
| NEM Newmont Corp. | Add +4.0% | 3.99% | −0.50 |
| INTC Intel Corp. | Add +0.6% | 3.82% | −0.56 |
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 |