Foundation Resource Management Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 10, 2024), Foundation Resource Management Inc. reported 52 stock positions worth $646.9 million. Its top holding was Teck Resources Ltd.-CLS B (TECK) at 8.2% of the portfolio, followed by Exxon Mobil (XOM, 7.9%) and Berkshire Hathaway Class B (BRK.B, 7.1%). Compared with Q2 2024, it opened 2 new positions, sold out of 2, added to 12 and reduced 29. The biggest buy was a new position in Dollar General (DG) and the biggest sale an exit from Abbvie (ABBV).
- Most Recent 13F
- Q2 2026
- Location
- LITTLE ROCK, AR
- CIK
- 0001179232
- Portfolio Value
- $646.9M (Q3 2024)
- SEC Filing
- 0001179232-24-000006 ↗ filed Oct 10, 2024
Holdings Value
Holdings 52 stocks · $646.9M
| TECK Teck Resources Ltd.-CLS B | 8.16% | 1,009,995 | $52.8M | Reduce -1.8% |
| XOM Exxon Mobil Corp. | 7.87% | 434,254 | $50.9M | Reduce -1.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 7.11% | 99,937 | $46.0M | Reduce -0.4% |
| NEM Newmont Corp. | 5.83% | 705,710 | $37.7M | Reduce -0.4% |
| CVX Chevron Corp. | 5.47% | 240,300 | $35.4M | Reduce -0.2% |
| COP Conocophillips | 4.80% | 295,004 | $31.1M | Reduce -1.0% |
| VZ Verizon Communications Inc. | 4.41% | 634,679 | $28.5M | Reduce -0.3% |
| CCJ Cameco Corp. | 4.28% | 579,304 | $27.7M | Reduce -1.0% |
| AEM Agnico Eagle Mines Ltd. | 3.95% | 317,316 | $25.6M | Reduce -0.7% |
| GILD Gilead Sciences Inc. | 2.69% | 207,739 | $17.4M | Add +0.3% |
| MOS The Mosaic Co. | 2.63% | 634,426 | $17.0M | Reduce -0.1% |
| ABEV Ambev SA-ADR | 2.57% | 6,823,488 | $16.6M | Reduce -0.1% |
| PFE Pfizer Inc. | 2.57% | 574,223 | $16.6M | Reduce -0.3% |
| SNY Sanofi-ADR | 2.43% | 273,321 | $15.8M | Reduce -0.6% |
| FHI Federated Hermes Inc. | 2.38% | 418,252 | $15.4M | Reduce -0.2% |
| MRK Merck & Co. Inc. | 2.24% | 127,483 | $14.5M | Reduce -0.2% |
| B Barrick Gold Corp. | 2.13% | 691,711 | $13.8M | Reduce -1.0% |
| HPQ HP Inc. | 2.11% | 379,968 | $13.6M | Reduce -0.5% |
| INTC Intel Corp. | 2.00% | 552,684 | $13.0M | Add +0.2% |
| BEN Franklin Templeton Inc. | 1.82% | 585,768 | $11.8M | Add +0.2% |
| PARAA Paramount Global Class B | 1.79% | 1,088,431 | $11.6M | Reduce -1.0% |
| FCX Freeport-McMoran Inc. | 1.77% | 228,985 | $11.4M | Reduce -2.5% |
| KHC The Kraft Heinz Co. | 1.74% | 321,106 | $11.3M | Reduce -0.4% |
| TEN Tsakos Energy Navigation Ltd. | 1.41% | 363,826 | $9.1M | Reduce -1.4% |
| L Loews Corp. | 1.39% | 113,554 | $9.0M | Reduce -1.9% |
| PSX Phillips 66 | 1.33% | 65,482 | $8.6M | Reduce -0.3% |
| TRC Tejon Ranch Co. | 1.32% | 487,941 | $8.6M | Reduce -0.6% |
| DG Dollar General Corp. | 1.27% | 97,513 | $8.2M | New |
| BMY Bristol-Myers Squibb Co. | 1.26% | 157,292 | $8.1M | Add +0.1% |
| PBT Permian Basin Royalty Trust | 1.23% | 669,334 | $8.0M | Reduce -1.6% |
| CSCO Cisco Systems Inc. | 1.20% | 145,571 | $7.7M | Reduce -0.3% |
| CVE Cenovus Energy Inc. | 1.11% | 428,755 | $7.2M | Add +1.4% |
| CNH CNH Industrial NV | 1.09% | 637,907 | $7.1M | Add +0.4% |
| PKE Park Aerospace Corp. | 0.94% | 465,759 | $6.1M | Add +0.4% |
| APA Apa Corp. | 0.57% | 151,435 | $3.7M | Add +1.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.53% | 5 | $3.5M | No change |
| OVV Ovintiv Inc. | 0.52% | 88,462 | $3.4M | Add +1.4% |
| DVN Devon Energy Corp. | 0.52% | 85,782 | $3.4M | Add +3.8% |
| EAF Graftech International Ltd. | 0.38% | 1,873,481 | $2.5M | Add +1.3% |
| WMT Walmart Inc. | 0.24% | 19,526 | $1.6M | No change |
| AGI Alamos Gold Inc. Class A | 0.13% | 41,425 | $826K | Add +3.0% |
| RIG Transocean Ltd. | 0.13% | 191,911 | $816K | Reduce -0.9% |
| MPC Marathon Petroleum Corp. | 0.12% | 4,929 | $803K | No change |
| GLATFELTER CORP | 0.12% | 423,856 | $763K | Reduce -1.7% |
| TRV The Travelers Cos Inc. | 0.10% | 2,665 | $624K | No change |
| CB Chubb Ltd. | 0.09% | 2,129 | $614K | No change |
| IMO Imperial Oil Ltd. | 0.08% | 6,945 | $489K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.05% | 1,399 | $309K | No change |
| EMN Eastman Chemical Co. | 0.04% | 2,400 | $269K | No change |
| RTX RTX Corp. | 0.03% | 1,749 | $212K | New |
| MUR Murphy Oil Corp. | 0.03% | 6,050 | $204K | No change |
| SJT San Juan Basin Royalty TR | 0.01% | 15,065 | $56K | Reduce -3.6% |
Portfolio Sells Q2 2024 → Q3 2024
| ABBV Abbvie Inc. | Sold out | 0.00% | −1.08 |
| COP Conocophillips | Reduce -1.0% | 4.80% | −0.65 |
| GLW Corning Inc. | Sold out | 0.00% | −0.61 |
| CVX Chevron Corp. | Reduce -0.2% | 5.47% | −0.55 |
| CCJ Cameco Corp. | Reduce -1.0% | 4.28% | −0.32 |
| TEN Tsakos Energy Navigation Ltd. | Reduce -1.4% | 1.41% | −0.31 |
| MOS The Mosaic Co. | Reduce -0.1% | 2.63% | −0.31 |
| MRK Merck & Co. Inc. | Reduce -0.2% | 2.24% | −0.29 |
| XOM Exxon Mobil Corp. | Reduce -1.1% | 7.87% | −0.21 |
| PSX Phillips 66 | Reduce -0.3% | 1.33% | −0.15 |
| FCX Freeport-McMoran Inc. | Reduce -2.5% | 1.77% | −0.06 |
| RIG Transocean Ltd. | Reduce -0.9% | 0.13% | −0.04 |
| PARAA Paramount Global Class B | Reduce -1.0% | 1.79% | −0.04 |
| HPQ HP Inc. | Reduce -0.5% | 2.11% | −0.03 |
| TRC Tejon Ranch Co. | Reduce -0.6% | 1.32% | −0.01 |
| PFE Pfizer Inc. | Reduce -0.3% | 2.57% | −0.00 |
| SJT San Juan Basin Royalty TR | Reduce -3.6% | 0.01% | −0.00 |
| L Loews Corp. | Reduce -1.9% | 1.39% | +0.00 |
| PBT Permian Basin Royalty Trust | Reduce -1.6% | 1.23% | +0.01 |
| GLATFELTER CORP | Reduce -1.7% | 0.12% | +0.02 |
| KHC The Kraft Heinz Co. | Reduce -0.4% | 1.74% | +0.08 |
| CSCO Cisco Systems Inc. | Reduce -0.3% | 1.20% | +0.09 |
| FHI Federated Hermes Inc. | Reduce -0.2% | 2.38% | +0.18 |
| VZ Verizon Communications Inc. | Reduce -0.3% | 4.41% | +0.21 |
| B Barrick Gold Corp. | Reduce -1.0% | 2.13% | +0.27 |
| TECK Teck Resources Ltd.-CLS B | Reduce -1.8% | 8.16% | +0.28 |
| SNY Sanofi-ADR | Reduce -0.6% | 2.43% | +0.30 |
| ABEV Ambev SA-ADR | Reduce -0.1% | 2.57% | +0.34 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.4% | 7.11% | +0.59 |
| AEM Agnico Eagle Mines Ltd. | Reduce -0.7% | 3.95% | +0.61 |
| NEM Newmont Corp. | Reduce -0.4% | 5.83% | +1.09 |
Portfolio Buys Q2 2024 → Q3 2024
| DG Dollar General Corp. | New | 1.27% | +1.27 |
| GILD Gilead Sciences Inc. | Add +0.3% | 2.69% | +0.42 |
| BMY Bristol-Myers Squibb Co. | Add +0.1% | 1.26% | +0.22 |
| EAF Graftech International Ltd. | Add +1.3% | 0.38% | +0.10 |
| CNH CNH Industrial NV | Add +0.4% | 1.09% | +0.07 |
| RTX RTX Corp. | New | 0.03% | +0.03 |
| AGI Alamos Gold Inc. Class A | Add +3.0% | 0.13% | +0.03 |
| PKE Park Aerospace Corp. | Add +0.4% | 0.94% | −0.08 |
| DVN Devon Energy Corp. | Add +3.8% | 0.52% | −0.11 |
| OVV Ovintiv Inc. | Add +1.4% | 0.52% | −0.13 |
| APA Apa Corp. | Add +1.4% | 0.57% | −0.13 |
| CVE Cenovus Energy Inc. | Add +1.4% | 1.11% | −0.22 |
| BEN Franklin Templeton Inc. | Add +0.2% | 1.82% | −0.26 |
| INTC Intel Corp. | Add +0.2% | 2.00% | −0.72 |
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 |