Foundation Resource Management Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 10, 2024), Foundation Resource Management Inc. reported 52 stock positions worth $625.9 million. Its top holding was Exxon Mobil (XOM) at 8.1% of the portfolio, followed by Teck Resources Ltd.-CLS B (TECK, 7.9%) and Berkshire Hathaway Class B (BRK.B, 6.5%). Compared with Q1 2024, it opened 1 new position, sold out of 1, added to 17 and reduced 26. The biggest buy was Ambev SA-ADR (ABEV, shares +141%) and the biggest sale an exit from Lumen Technologies (LUMN).
- Most Recent 13F
- Q2 2026
- Location
- LITTLE ROCK, AR
- CIK
- 0001179232
- Portfolio Value
- $625.9M (Q2 2024)
- SEC Filing
- 0001179232-24-000003 ↗ filed Jul 10, 2024
Holdings Value
Holdings 52 stocks · $625.9M
| XOM Exxon Mobil Corp. | 8.07% | 439,037 | $50.5M | Reduce -0.7% |
| TECK Teck Resources Ltd.-CLS B | 7.87% | 1,028,683 | $49.3M | Reduce -0.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 6.52% | 100,331 | $40.8M | Reduce -1.0% |
| CVX Chevron Corp. | 6.02% | 240,805 | $37.7M | Reduce -0.1% |
| COP Conocophillips | 5.45% | 298,096 | $34.1M | Reduce -0.9% |
| NEM Newmont Corp. | 4.74% | 708,551 | $29.7M | Reduce -0.1% |
| CCJ Cameco Corp. | 4.60% | 585,106 | $28.8M | Reduce -0.5% |
| VZ Verizon Communications Inc. | 4.20% | 636,853 | $26.3M | Reduce -0.5% |
| AEM Agnico Eagle Mines Ltd. | 3.34% | 319,419 | $20.9M | Add +0.2% |
| MOS The Mosaic Co. | 2.93% | 635,343 | $18.4M | Add +0.2% |
| INTC Intel Corp. | 2.73% | 551,518 | $17.1M | Add +0.1% |
| PFE Pfizer Inc. | 2.57% | 575,672 | $16.1M | Add +0.2% |
| MRK Merck & Co. Inc. | 2.53% | 127,756 | $15.8M | Reduce -0.8% |
| GILD Gilead Sciences Inc. | 2.27% | 207,133 | $14.2M | Add +0.7% |
| ABEV Ambev SA-ADR | 2.24% | 6,833,061 | $14.0M | Add +141.5% |
| FHI Federated Hermes Inc. | 2.20% | 418,903 | $13.8M | Add +0.1% |
| HPQ HP Inc. | 2.14% | 382,037 | $13.4M | Add +1.2% |
| SNY Sanofi-ADR | 2.13% | 275,083 | $13.3M | Reduce -0.1% |
| BEN Franklin Templeton Inc. | 2.09% | 584,606 | $13.1M | Add +0.1% |
| B Barrick Gold Corp. | 1.86% | 698,609 | $11.7M | Reduce -0.2% |
| PARAA Paramount Global Class B | 1.82% | 1,099,044 | $11.4M | Reduce -0.2% |
| FCX Freeport-McMoran Inc. | 1.82% | 234,765 | $11.4M | Reduce -0.8% |
| TEN Tsakos Energy Navigation Ltd. | 1.73% | 368,922 | $10.8M | Reduce -0.1% |
| KHC The Kraft Heinz Co. | 1.66% | 322,344 | $10.4M | Reduce -0.3% |
| PSX Phillips 66 | 1.48% | 65,662 | $9.3M | Reduce -0.8% |
| L Loews Corp. | 1.38% | 115,804 | $8.7M | Reduce -0.4% |
| TRC Tejon Ranch Co. | 1.34% | 490,686 | $8.4M | Add +1.6% |
| CVE Cenovus Energy Inc. | 1.33% | 422,918 | $8.3M | Add +0.8% |
| PBT Permian Basin Royalty Trust | 1.22% | 680,334 | $7.7M | Reduce -0.3% |
| CSCO Cisco Systems Inc. | 1.11% | 145,931 | $6.9M | Reduce -1.0% |
| ABBV Abbvie Inc. | 1.08% | 39,347 | $6.7M | Reduce -0.7% |
| BMY Bristol-Myers Squibb Co. | 1.04% | 157,199 | $6.5M | New |
| CNH CNH Industrial NV | 1.03% | 635,245 | $6.4M | Add +0.5% |
| PKE Park Aerospace Corp. | 1.01% | 463,734 | $6.3M | Add +0.8% |
| APA Apa Corp. | 0.70% | 149,319 | $4.4M | Add +1.1% |
| OVV Ovintiv Inc. | 0.65% | 87,246 | $4.1M | Reduce -1.1% |
| DVN Devon Energy Corp. | 0.63% | 82,629 | $3.9M | Add +1.2% |
| GLW Corning Inc. | 0.61% | 98,077 | $3.8M | Reduce -0.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.49% | 5 | $3.1M | No change |
| EAF Graftech International Ltd. | 0.29% | 1,849,343 | $1.8M | Add +2.5% |
| WMT Walmart Inc. | 0.21% | 19,526 | $1.3M | Reduce -0.5% |
| RIG Transocean Ltd. | 0.17% | 193,756 | $1.0M | Reduce -1.0% |
| MPC Marathon Petroleum Corp. | 0.14% | 4,929 | $855K | No change |
| AGI Alamos Gold Inc. Class A | 0.10% | 40,235 | $631K | Add +0.2% |
| GLATFELTER CORP | 0.10% | 431,156 | $599K | Reduce -0.2% |
| CB Chubb Ltd. | 0.09% | 2,129 | $543K | No change |
| TRV The Travelers Cos Inc. | 0.09% | 2,665 | $542K | No change |
| IMO Imperial Oil Ltd. | 0.08% | 6,945 | $474K | Reduce -1.1% |
| MUR Murphy Oil Corp. | 0.04% | 6,050 | $250K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.04% | 1,399 | $242K | No change |
| EMN Eastman Chemical Co. | 0.04% | 2,400 | $235K | No change |
| SJT San Juan Basin Royalty TR | 0.01% | 15,625 | $63K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| LUMN Lumen Technologies Inc. | Sold out | 0.00% | −0.66 |
| COP Conocophillips | Reduce -0.9% | 5.45% | −0.57 |
| PSX Phillips 66 | Reduce -0.8% | 1.48% | −0.22 |
| KHC The Kraft Heinz Co. | Reduce -0.3% | 1.66% | −0.22 |
| PARAA Paramount Global Class B | Reduce -0.2% | 1.82% | −0.21 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.0% | 6.52% | −0.17 |
| MRK Merck & Co. Inc. | Reduce -0.8% | 2.53% | −0.14 |
| PBT Permian Basin Royalty Trust | Reduce -0.3% | 1.22% | −0.07 |
| OVV Ovintiv Inc. | Reduce -1.1% | 0.65% | −0.07 |
| ABBV Abbvie Inc. | Reduce -0.7% | 1.08% | −0.06 |
| CSCO Cisco Systems Inc. | Reduce -1.0% | 1.11% | −0.05 |
| L Loews Corp. | Reduce -0.4% | 1.38% | −0.05 |
| GLATFELTER CORP | Reduce -0.2% | 0.10% | −0.04 |
| RIG Transocean Ltd. | Reduce -1.0% | 0.17% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -0.5% | 4.20% | −0.02 |
| IMO Imperial Oil Ltd. | Reduce -1.1% | 0.08% | −0.00 |
| XOM Exxon Mobil Corp. | Reduce -0.7% | 8.07% | +0.00 |
| WMT Walmart Inc. | Reduce -0.5% | 0.21% | +0.03 |
| SNY Sanofi-ADR | Reduce -0.1% | 2.13% | +0.03 |
| B Barrick Gold Corp. | Reduce -0.2% | 1.86% | +0.03 |
| CVX Chevron Corp. | Reduce -0.1% | 6.02% | +0.04 |
| FCX Freeport-McMoran Inc. | Reduce -0.8% | 1.82% | +0.07 |
| GLW Corning Inc. | Reduce -0.7% | 0.61% | +0.10 |
| TEN Tsakos Energy Navigation Ltd. | Reduce -0.1% | 1.73% | +0.25 |
| TECK Teck Resources Ltd.-CLS B | Reduce -0.9% | 7.87% | +0.40 |
| CCJ Cameco Corp. | Reduce -0.5% | 4.60% | +0.60 |
| NEM Newmont Corp. | Reduce -0.1% | 4.74% | +0.75 |
Portfolio Buys Q1 2024 → Q2 2024
| ABEV Ambev SA-ADR | Add +141.5% | 2.24% | +1.14 |
| BMY Bristol-Myers Squibb Co. | New | 1.04% | +1.04 |
| AEM Agnico Eagle Mines Ltd. | Add +0.2% | 3.34% | +0.35 |
| HPQ HP Inc. | Add +1.2% | 2.14% | +0.35 |
| TRC Tejon Ranch Co. | Add +1.6% | 1.34% | +0.17 |
| PFE Pfizer Inc. | Add +0.2% | 2.57% | +0.07 |
| CVE Cenovus Energy Inc. | Add +0.8% | 1.33% | +0.01 |
| AGI Alamos Gold Inc. Class A | Add +0.2% | 0.10% | +0.01 |
| DVN Devon Energy Corp. | Add +1.2% | 0.63% | −0.02 |
| APA Apa Corp. | Add +1.1% | 0.70% | −0.10 |
| GILD Gilead Sciences Inc. | Add +0.7% | 2.27% | −0.10 |
| EAF Graftech International Ltd. | Add +2.5% | 0.29% | −0.10 |
| FHI Federated Hermes Inc. | Add +0.1% | 2.20% | −0.17 |
| PKE Park Aerospace Corp. | Add +0.8% | 1.01% | −0.19 |
| CNH CNH Industrial NV | Add +0.5% | 1.03% | −0.26 |
| MOS The Mosaic Co. | Add +0.2% | 2.93% | −0.30 |
| BEN Franklin Templeton Inc. | Add +0.1% | 2.09% | −0.49 |
| INTC Intel Corp. | Add +0.1% | 2.73% | −1.09 |
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 |