Foundation Resource Management Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 21, 2026), Foundation Resource Management Inc. reported 55 stock positions worth $888.5 million. Its top holding was Exxon Mobil (XOM) at 8.1% of the portfolio, followed by Newmont (NEM, 6.1%) and Chevron (CVX, 5.5%). Compared with Q4 2025, it opened 3 new positions, added to 25 and reduced 17. The biggest buy was a new position in Adobe (ADBE) and the biggest sale Barrick Mining (B, shares −35%).
- Most Recent 13F
- Q2 2026
- Location
- LITTLE ROCK, AR
- CIK
- 0001179232
- Portfolio Value
- $888.5M (Q1 2026)
- SEC Filing
- 0001179232-26-000004 ↗ filed Apr 21, 2026
Holdings Value
Holdings 55 stocks · $888.5M
| XOM Exxon Mobil Corp. | 8.06% | 421,849 | $71.6M | Reduce -0.1% |
| NEM Newmont Corp. | 6.10% | 500,734 | $54.2M | Reduce -12.4% |
| CVX Chevron Corp. | 5.49% | 235,897 | $48.8M | Add +1.1% |
| TECK Teck Resources Ltd.-CLS B | 5.32% | 913,219 | $47.3M | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.23% | 96,981 | $46.5M | Add +0.5% |
| COP Conocophillips | 4.27% | 287,236 | $37.9M | Add +0.6% |
| AEM Agnico Eagle Mines Ltd. | 4.03% | 176,295 | $35.8M | Reduce -16.7% |
| DG Dollar General Corp. | 3.79% | 283,418 | $33.7M | Reduce -0.5% |
| VZ Verizon Communications Inc. | 3.63% | 642,070 | $32.2M | Add +2.6% |
| PFE Pfizer Inc. | 2.95% | 932,485 | $26.2M | Add +3.5% |
| MRK Merck & Co. Inc. | 2.74% | 202,209 | $24.3M | Add +4.7% |
| FHI Federated Hermes Inc. | 2.47% | 386,986 | $21.9M | Reduce -2.3% |
| HPQ HP Inc. | 2.39% | 1,107,004 | $21.3M | Add +195.4% |
| ABEV Ambev SA-ADR | 2.34% | 7,106,351 | $20.8M | Add +2.4% |
| INTC Intel Corp. | 2.28% | 458,581 | $20.2M | Reduce -8.8% |
| CMCSA Comcast Corp. Class A | 2.17% | 671,474 | $19.3M | Add +7.3% |
| ADBE Adobe Inc. | 2.15% | 78,445 | $19.1M | New |
| DEO Diageo PLC-Sponsored ADR | 2.01% | 240,164 | $17.9M | Add +126.9% |
| LKQ LKQ Corp. | 1.98% | 597,567 | $17.6M | Add +2.5% |
| MOS The Mosaic Co. | 1.96% | 683,731 | $17.4M | Add +5.0% |
| B Barrick Mining Corp. | 1.78% | 386,883 | $15.8M | Reduce -35.2% |
| GILD Gilead Sciences Inc. | 1.62% | 102,997 | $14.4M | Reduce -5.1% |
| NTR Nutrien Ltd. | 1.58% | 186,276 | $14.1M | Add +7.8% |
| PKE Park Aerospace Corp. | 1.56% | 506,077 | $13.9M | Add +0.5% |
| BEN Franklin Templeton Inc. | 1.56% | 585,415 | $13.8M | Reduce -0.7% |
| L Loews Corp. | 1.53% | 127,658 | $13.6M | Add +0.8% |
| PBT Permian Basin Royalty Trust | 1.53% | 630,207 | $13.6M | Reduce -1.9% |
| TEN Tsakos Energy Navigation Ltd. | 1.52% | 342,773 | $13.5M | Reduce -1.7% |
| CVE Cenovus Energy Inc. | 1.51% | 505,637 | $13.4M | Add +5.0% |
| SNY Sanofi-ADR | 1.48% | 273,137 | $13.2M | Add +4.8% |
| FCX Freeport-McMoran Inc. | 1.39% | 209,763 | $12.3M | Reduce -5.2% |
| PSX Phillips 66 | 1.27% | 61,813 | $11.3M | Reduce -1.6% |
| APA Apa Corp. | 1.24% | 260,559 | $11.1M | Add +6.7% |
| BMY Bristol-Myers Squibb Co. | 1.13% | 165,854 | $10.1M | Add +6.4% |
| TRC Tejon Ranch Co. | 1.09% | 512,314 | $9.7M | Add +3.5% |
| CPB The Campbell's Company | 0.89% | 356,600 | $7.9M | New |
| CNH CNH Industrial NV | 0.85% | 684,337 | $7.5M | Add +6.0% |
| DVN Devon Energy Corp. | 0.84% | 147,762 | $7.4M | Add +15.6% |
| KHC The Kraft Heinz Co. | 0.82% | 324,024 | $7.3M | Add +3.9% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.72% | 174,126 | $6.4M | Add +3.1% |
| OVV Ovintiv Inc. | 0.69% | 103,490 | $6.1M | Add +9.8% |
| CCJ Cameco Corp. | 0.68% | 56,025 | $6.1M | Reduce -1.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.40% | 5 | $3.6M | No change |
| WMT Walmart Inc. | 0.24% | 17,502 | $2.2M | No change |
| MPC Marathon Petroleum Corp. | 0.14% | 4,929 | $1.2M | No change |
| RIG Transocean Ltd. | 0.13% | 169,298 | $1.1M | Reduce -8.4% |
| IMO Imperial Oil Ltd. | 0.10% | 6,945 | $909K | No change |
| EAF Graftech International Ltd. | 0.08% | 107,137 | $726K | Reduce -6.9% |
| CB Chubb Ltd. | 0.08% | 2,129 | $694K | No change |
| TRV The Travelers Cos Inc. | 0.08% | 2,315 | $675K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.04% | 1,399 | $339K | No change |
| RTX RTX Corp. | 0.04% | 1,749 | $337K | No change |
| JNJ Johnson & Johnson | 0.03% | 1,106 | $270K | No change |
| MUR Murphy Oil Corp. | 0.03% | 6,050 | $250K | New |
| SJT San Juan Basin Royalty TR | 0.01% | 14,565 | $70K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| B Barrick Mining Corp. | Reduce -35.2% | 1.78% | −1.70 |
| NEM Newmont Corp. | Reduce -12.4% | 6.10% | −1.54 |
| DG Dollar General Corp. | Reduce -0.5% | 3.79% | −1.27 |
| AEM Agnico Eagle Mines Ltd. | Reduce -16.7% | 4.03% | −0.77 |
| TECK Teck Resources Ltd.-CLS B | Reduce -0.8% | 5.32% | −0.58 |
| BEN Franklin Templeton Inc. | Reduce -0.7% | 1.56% | −0.33 |
| FHI Federated Hermes Inc. | Reduce -2.3% | 2.47% | −0.29 |
| INTC Intel Corp. | Reduce -8.8% | 2.28% | −0.20 |
| GILD Gilead Sciences Inc. | Reduce -5.1% | 1.62% | −0.17 |
| EAF Graftech International Ltd. | Reduce -6.9% | 0.08% | −0.16 |
| FCX Freeport-McMoran Inc. | Reduce -5.2% | 1.39% | −0.12 |
| CCJ Cameco Corp. | Reduce -1.7% | 0.68% | −0.01 |
| RIG Transocean Ltd. | Reduce -8.4% | 0.13% | +0.02 |
| PBT Permian Basin Royalty Trust | Reduce -1.9% | 1.53% | +0.07 |
| PSX Phillips 66 | Reduce -1.6% | 1.27% | +0.18 |
| TEN Tsakos Energy Navigation Ltd. | Reduce -1.7% | 1.52% | +0.48 |
| XOM Exxon Mobil Corp. | Reduce -0.1% | 8.06% | +1.25 |
Portfolio Buys Q4 2025 → Q1 2026
| ADBE Adobe Inc. | New | 2.15% | +2.15 |
| HPQ HP Inc. | Add +195.4% | 2.39% | +1.28 |
| CPB The Campbell's Company | New | 0.89% | +0.89 |
| DEO Diageo PLC-Sponsored ADR | Add +126.9% | 2.01% | +0.79 |
| CVX Chevron Corp. | Add +1.1% | 5.49% | +0.73 |
| COP Conocophillips | Add +0.6% | 4.27% | +0.69 |
| APA Apa Corp. | Add +6.7% | 1.24% | +0.45 |
| CVE Cenovus Energy Inc. | Add +5.0% | 1.51% | +0.42 |
| VZ Verizon Communications Inc. | Add +2.6% | 3.63% | +0.22 |
| DVN Devon Energy Corp. | Add +15.6% | 0.84% | +0.21 |
| OVV Ovintiv Inc. | Add +9.8% | 0.69% | +0.20 |
| NTR Nutrien Ltd. | Add +7.8% | 1.58% | +0.16 |
| PKE Park Aerospace Corp. | Add +0.5% | 1.56% | +0.12 |
| CNH CNH Industrial NV | Add +6.0% | 0.85% | +0.05 |
| TRC Tejon Ranch Co. | Add +3.5% | 1.09% | +0.04 |
| ABEV Ambev SA-ADR | Add +2.4% | 2.34% | +0.04 |
| MUR Murphy Oil Corp. | New | 0.03% | +0.03 |
| MRK Merck & Co. Inc. | Add +4.7% | 2.74% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +6.4% | 1.13% | +0.01 |
| PFE Pfizer Inc. | Add +3.5% | 2.95% | −0.05 |
| MOS The Mosaic Co. | Add +5.0% | 1.96% | −0.14 |
| KHC The Kraft Heinz Co. | Add +3.9% | 0.82% | −0.19 |
| SNY Sanofi-ADR | Add +4.8% | 1.48% | −0.21 |
| L Loews Corp. | Add +0.8% | 1.53% | −0.25 |
| CMCSA Comcast Corp. Class A | Add +7.3% | 2.17% | −0.33 |
| LKQ LKQ Corp. | Add +2.5% | 1.98% | −0.38 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +3.1% | 0.72% | −0.43 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.5% | 5.23% | −1.26 |
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 |