Goehring & Rozencwajg Associates, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Goehring & Rozencwajg Associates, LLC reported 44 stock positions worth $490.6 million. Its top holding was Range Resources (RRC) at 9.0% of the portfolio, followed by Cameco (CCJ, 7.2%) and Alamos Gold Class A (AGI, 5.0%). Compared with Q2 2024, it sold out of 4, added to 42 and reduced 1. The biggest buy was Noble (NE, shares +136%) and the biggest sale an exit from Diamond Offshore Drilling (DO).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001863154
- Portfolio Value
- $490.6M (Q3 2024)
- SEC Filing
- 0001085146-24-005658 ↗ filed Nov 13, 2024
Holdings Value
Holdings 44 stocks · $490.6M
| RRC Range Resources Corp. | 9.00% | 1,435,576 | $44.2M | Add +4.5% |
| CCJ Cameco Corp. | 7.20% | 739,503 | $35.3M | Add +3.1% |
| AGI Alamos Gold Inc. Class A | 5.03% | 1,237,383 | $24.7M | Add +3.0% |
| AR Antero Resources Corp. | 4.97% | 850,471 | $24.4M | Add +5.2% |
| EQT Eqt Corp. | 4.51% | 606,740 | $22.1M | Add +5.3% |
| CONSOL ENERGY INC | 4.45% | 208,529 | $21.8M | Add +5.4% |
| SDRL Seadrill Limited | 3.94% | 486,702 | $19.3M | Add +5.3% |
| AMR Alpha Metallurgical Resource | 3.56% | 73,977 | $17.5M | Add +5.9% |
| IE Ivanhoe Electric Inc. / US | 2.96% | 1,716,316 | $14.5M | Add +5.2% |
| NE Noble Corp. PLC | 2.91% | 395,291 | $14.3M | Add +135.6% |
| MTDR Matador Resources Co. | 2.89% | 286,680 | $14.2M | Add +5.4% |
| SKE Skeena Resources Ltd. | 2.67% | 1,541,804 | $13.1M | Add +4.8% |
| MOS The Mosaic Co. | 2.58% | 472,057 | $12.6M | Add +4.5% |
| FANG Diamondback Energy Inc. | 2.47% | 70,216 | $12.1M | Add +5.3% |
| LEU Centrus Energy Corp. Class A | 2.40% | 215,045 | $11.8M | Add +5.4% |
| OII Oceaneering Intl Inc. | 2.39% | 471,357 | $11.7M | Add +5.2% |
| FCX Freeport-McMoran Inc. | 2.37% | 233,773 | $11.6M | Add +5.2% |
| UEC Uranium Energy Corp. | 2.28% | 1,802,484 | $11.2M | Add +5.2% |
| NTR Nutrien Ltd. | 2.08% | 212,297 | $10.2M | Add +4.5% |
| CIVI Civitas Resources Inc. | 2.04% | 197,531 | $10.0M | Add +5.9% |
| VAL Valaris Ltd. | 1.97% | 173,684 | $9.7M | Add +231.2% |
| EQX Equinox Gold Corp. | 1.97% | 1,579,351 | $9.7M | Add +5.3% |
| NXE Nexgen Energy Ltd. | 1.94% | 1,459,659 | $9.5M | Add +6.0% |
| EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP | 1.89% | 112,511 | $9.3M | Add +5.9% |
| CRK Comstock Resources Inc. | 1.65% | 727,364 | $8.1M | Add +6.4% |
| ERO Ero Copper Corp. | 1.64% | 360,857 | $8.0M | Add +6.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 1.60% | 187,604 | $7.9M | Add +5.3% |
| HBM Hudbay Minerals Inc. | 1.52% | 813,350 | $7.5M | Add +6.0% |
| DNN Denison Mines Corp. | 1.43% | 3,844,109 | $7.0M | Add +7.4% |
| UUUU Energy Fuels Inc. | 1.32% | 1,179,232 | $6.5M | Add +7.7% |
| PAAS Pan American Silver Corp. | 1.20% | 282,410 | $5.9M | Add +6.0% |
| BORR Borr Drilling Ltd. | 1.17% | 1,046,152 | $5.7M | Add +7.3% |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 1.14% | 1,393,971 | $5.6M | Add +7.6% |
| CTVA Corteva Inc. | 1.14% | 95,257 | $5.6M | Add +7.3% |
| IPI Intrepid Potash Inc. | 1.02% | 208,090 | $5.0M | Add +7.4% |
| EU Encore Energy Corp. | 0.96% | 1,161,648 | $4.7M | Add +7.3% |
| URG Ur-Energy Inc. | 0.77% | 3,164,742 | $3.8M | Add +8.0% |
| RIG Transocean Ltd. | 0.75% | 870,760 | $3.7M | Add +7.8% |
| CMCL Caledonia Mining Corp. PLC | 0.69% | 227,891 | $3.4M | Add +8.7% |
| NOV Nov Inc. | 0.64% | 195,243 | $3.1M | Add +7.2% |
| TFPM Triple Flag Precious Met | 0.36% | 107,671 | $1.7M | Add +6.8% |
| NG Novagold Resources Inc. | 0.29% | 351,416 | $1.4M | Add +7.9% |
| TMQ Trilogy Metals Inc. | 0.17% | 1,669,216 | $827K | Reduce -1.4% |
| TDW Tidewater Inc. | 0.06% | 3,914 | $281K | No change |
Portfolio Sells Q2 2024 → Q3 2024
Portfolio Buys Q2 2024 → Q3 2024
| NE Noble Corp. PLC | Add +135.6% | 2.91% | +1.43 |
| AGI Alamos Gold Inc. Class A | Add +3.0% | 5.03% | +1.29 |
| VAL Valaris Ltd. | Add +231.2% | 1.97% | +1.20 |
| SKE Skeena Resources Ltd. | Add +4.8% | 2.67% | +1.10 |
| LEU Centrus Energy Corp. Class A | Add +5.4% | 2.40% | +0.67 |
| CONSOL ENERGY INC | Add +5.4% | 4.45% | +0.44 |
| EQX Equinox Gold Corp. | Add +5.3% | 1.97% | +0.41 |
| CMCL Caledonia Mining Corp. PLC | Add +8.7% | 0.69% | +0.29 |
| OII Oceaneering Intl Inc. | Add +5.2% | 2.39% | +0.29 |
| EQT Eqt Corp. | Add +5.3% | 4.51% | +0.28 |
| CRK Comstock Resources Inc. | Add +6.4% | 1.65% | +0.24 |
| UEC Uranium Energy Corp. | Add +5.2% | 2.28% | +0.24 |
| FCX Freeport-McMoran Inc. | Add +5.2% | 2.37% | +0.23 |
| CCJ Cameco Corp. | Add +3.1% | 7.20% | +0.20 |
| ERO Ero Copper Corp. | Add +6.1% | 1.64% | +0.20 |
| CTVA Corteva Inc. | Add +7.3% | 1.14% | +0.19 |
| ORLA Orla Mining Ltd. | Add +7.6% | 1.14% | +0.16 |
| EXE Expand Energy Corp. | Add +5.9% | 1.89% | +0.15 |
| PAAS Pan American Silver Corp. | Add +6.0% | 1.20% | +0.15 |
| HBM Hudbay Minerals Inc. | Add +6.0% | 1.52% | +0.15 |
| IPI Intrepid Potash Inc. | Add +7.4% | 1.02% | +0.12 |
| EU Encore Energy Corp. | Add +7.3% | 0.96% | +0.11 |
| NG Novagold Resources Inc. | Add +7.9% | 0.29% | +0.07 |
| TFPM Triple Flag Precious Met | Add +6.8% | 0.36% | +0.05 |
| NXE Nexgen Energy Ltd. | Add +6.0% | 1.94% | +0.03 |
| NTR Nutrien Ltd. | Add +4.5% | 2.08% | +0.03 |
| DNN Denison Mines Corp. | Add +7.4% | 1.43% | +0.02 |
| UUUU Energy Fuels Inc. | Add +7.7% | 1.32% | +0.00 |
| MOS The Mosaic Co. | Add +4.5% | 2.58% | −0.02 |
| URG Ur-Energy Inc. | Add +8.0% | 0.77% | −0.05 |
| NOV Nov Inc. | Add +7.2% | 0.64% | −0.05 |
| SLB SLB Ltd. | Add +5.3% | 1.60% | −0.06 |
| BORR Borr Drilling Ltd. | Add +7.3% | 1.17% | −0.08 |
| IE Ivanhoe Electric Inc. / US | Add +5.2% | 2.96% | −0.08 |
| RIG Transocean Ltd. | Add +7.8% | 0.75% | −0.10 |
| RRC Range Resources Corp. | Add +4.5% | 9.00% | −0.15 |
| FANG Diamondback Energy Inc. | Add +5.3% | 2.47% | −0.18 |
| AR Antero Resources Corp. | Add +5.2% | 4.97% | −0.27 |
| AMR Alpha Metallurgical Resource | Add +5.9% | 3.56% | −0.33 |
| MTDR Matador Resources Co. | Add +5.4% | 2.89% | −0.33 |
| CIVI Civitas Resources Inc. | Add +5.9% | 2.04% | −0.51 |
| SDRL Seadrill Limited | Add +5.3% | 3.94% | −0.79 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 41 | $1.7B | CNQ, SLB, RRC, SU, VAL |
| Q1 2026 | 43 | $1.9B | CNQ, VAL, RRC, SU, SLB |
| Q4 2025 | 43 | $1.0B | RRC, SDRL, CNQ, CCJ, VAL |
| Q3 2025 | 42 | $830.9M | CCJ, RRC, SDRL, LEU, NTR |
| Q2 2025 | 41 | $654.0M | RRC, CCJ, NTR, SDRL, EQT |
| Q1 2025 | 42 | $551.7M | RRC, NTR, AR, EQT, AGI |
| Q4 2024 | 44 | $486.8M | RRC, CCJ, AR, EQT, CONSOL ENERGY INC |
| Q3 2024 | 44 | $490.6M | RRC, CCJ, AGI, AR, EQT |
| Q2 2024 | 48 | $503.7M | RRC, CCJ, AR, SDRL, EQT |
| Q1 2024 | 51 | $461.5M | RRC, CCJ, AR, AMR, EQT |