Old West Investment Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Old West Investment Management, LLC reported 59 stock positions worth $277.2 million. Its top holding was Trilogy Metals (TMQ) at 7.1% of the portfolio, followed by Alamos Gold Class A (AGI, 6.8%) and Virtu Financial Class A (VIRT, 5.7%). Compared with Q4 2024, it opened 10 new positions, sold out of 6, added to 36 and reduced 4. The biggest buy was Trilogy Metals (TMQ, shares +61%) and the biggest sale Virtu Financial Class A (VIRT, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- Los Angeles, CA
- CIK
- 0001549358
- Portfolio Value
- $277.2M (Q1 2025)
- SEC Filing
- 0001941040-25-000307 ↗ filed May 14, 2025
Holdings Value
Holdings 59 stocks · $277.2M
| TMQ Trilogy Metals Inc. | 7.08% | 12,611,879 | $19.6M | Add +61.1% |
| AGI Alamos Gold Inc. Class A | 6.84% | 708,639 | $18.9M | Add +1.6% |
| VIRT Virtu Financial Inc. Class A | 5.69% | 413,607 | $15.8M | Reduce -38.5% |
| GSM Ferroglobe PLC | 4.60% | 3,435,932 | $12.7M | Add +58.7% |
| BG Bunge Global SA | 4.50% | 163,191 | $12.5M | Add +31.2% |
| LMT Lockheed Martin Corp. | 4.46% | 27,652 | $12.4M | Add +1.6% |
| CCJ Cameco Corp. | 4.38% | 295,250 | $12.2M | Add +2.0% |
| AEM Agnico Eagle Mines Ltd. | 4.20% | 107,381 | $11.6M | Add +0.0% |
| CNQ Canadian Natural Resources | 3.80% | 342,283 | $10.5M | Reduce -13.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 3.28% | 17,096 | $9.1M | Add +0.3% |
| GMED Globus Medical Inc. Class A | 3.20% | 121,359 | $8.9M | Add +0.9% |
| UHAL U-Haul Holding Co. | 3.20% | 135,509 | $8.9M | Add +1.5% |
| NXE Nexgen Energy Ltd. | 3.16% | 1,953,753 | $8.8M | Add +94.4% |
| SSNC Ss&c Technologies Holdings | 3.15% | 104,450 | $8.7M | Add +1.5% |
| LMNR Limoneira Co. | 2.81% | 439,682 | $7.8M | Add +1.4% |
| TMC TMC the Metals Co. Inc. | 2.65% | 4,270,076 | $7.3M | Add +100.0% |
| CDRE Cadre Holdings Inc. | 2.30% | 215,636 | $6.4M | Add +1.3% |
| ENVX Enovix Corp. | 2.21% | 835,537 | $6.1M | Add +7.0% |
| OII Oceaneering Intl Inc. | 2.07% | 263,200 | $5.7M | Add +338.7% |
| KW Kennedy-Wilson Holdings Inc. | 2.01% | 641,220 | $5.6M | Add +8.0% |
| JOE The St Joe Co. | 1.58% | 93,508 | $4.4M | Add +2.5% |
| EWBC East West Bancorp Inc. | 1.55% | 47,795 | $4.3M | New |
| ELAN Elanco Animal Health Inc. | 1.54% | 407,869 | $4.3M | Add +3.6% |
| HCC Warrior Met Coal Inc. | 1.22% | 71,000 | $3.4M | Add +100.0% |
| FOLD Amicus Therapeutics Inc. | 1.18% | 399,498 | $3.3M | Add +5.1% |
| ALB Albemarle Corp. | 1.17% | 45,090 | $3.2M | Add +157.0% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.07% | 71,334 | $3.0M | Add +232.9% |
| B Barrick Gold Corp. | 1.05% | 149,500 | $2.9M | No change |
| AAPL Apple Inc. | 1.03% | 12,914 | $2.9M | No change |
| AMR Alpha Metallurgical Resource | 1.03% | 22,848 | $2.9M | Add +86.9% |
| MUR Murphy Oil Corp. | 1.02% | 100,000 | $2.8M | New |
| APLS Apellis Pharmaceuticals Inc. | 1.01% | 128,192 | $2.8M | Add +12.8% |
| FCX Freeport-McMoran Inc. | 0.96% | 70,540 | $2.7M | Add +4.0% |
| VAL Valaris Ltd. | 0.95% | 66,855 | $2.6M | Add +88.1% |
| TDW Tidewater Inc. | 0.90% | 59,250 | $2.5M | Add +84.9% |
| VRT Vertiv Holdings Co. Class A | 0.89% | 34,005 | $2.5M | Add +4.1% |
| GNE Genie Energy Ltd. Class B | 0.87% | 160,600 | $2.4M | No change |
| MP MP Materials Corp. | 0.68% | 77,650 | $1.9M | New |
| BTU Peabody Energy Corp. | 0.56% | 114,486 | $1.6M | Add +100.0% |
| ASML ASML Holding NV-NY Reg SHS | 0.55% | 2,320 | $1.5M | Add +85.6% |
| CAT Caterpillar Inc. | 0.53% | 4,458 | $1.5M | New |
| SMRT Smartrent Inc. | 0.44% | 1,000,000 | $1.2M | No change |
| BRKR Bruker Corp. | 0.42% | 27,945 | $1.2M | New |
| LIONS GATE ENTMNT CORP | 0.27% | 83,253 | $737K | Add +12.7% |
| ERII Energy Recovery Inc. | 0.24% | 41,742 | $663K | New |
| WFC Wells Fargo & Co. | 0.21% | 8,037 | $577K | New |
| CLAR Clarus Corp. | 0.21% | 151,965 | $570K | Add +37.9% |
| DNN Denison Mines Corp. | 0.19% | 408,311 | $531K | Reduce -71.8% |
| WM Waste Management Inc. | 0.16% | 1,952 | $452K | New |
| LEU Centrus Energy Corp. Class A | 0.14% | 6,042 | $376K | Reduce -40.5% |
| LOW Lowe's Cos Inc. | 0.11% | 1,334 | $311K | No change |
| GLD SPDR Gold Shares | 0.10% | 1,000 | $288K | No change |
| BA The Boeing Co. | 0.10% | 1,578 | $269K | New |
| LAR Lithium Argentina AG | 0.09% | 111,145 | $238K | Add +10.6% |
| F Ford Motor Co. filed as FORD MTR CO | 0.08% | 22,660 | $227K | No change |
| GOOG Alphabet Inc. Class C | 0.08% | 1,400 | $219K | No change |
| GOOGL Alphabet Inc. Class A | 0.08% | 1,400 | $216K | No change |
| RTX RTX Corp. | 0.07% | 1,559 | $207K | New |
| IRWD Ironwood Pharmaceuticals Inc. | 0.06% | 108,211 | $159K | Add +74.2% |
Portfolio Sells Q4 2024 → Q1 2025
| VIRT Virtu Financial Inc. Class A | Reduce -38.5% | 5.69% | −4.04 |
| CNQ Canadian Natural Resources | Reduce -13.4% | 3.80% | −1.14 |
| DNN Denison Mines Corp. | Reduce -71.8% | 0.19% | −0.87 |
| HBM Hudbay Minerals Inc. | Sold out | 0.00% | −0.49 |
| IE Ivanhoe Electric Inc. / US | Sold out | 0.00% | −0.47 |
| CGAU Centerra Gold Inc. | Sold out | 0.00% | −0.46 |
| CDE Coeur Mining Inc. | Sold out | 0.00% | −0.45 |
| URG Ur-Energy Inc. | Sold out | 0.00% | −0.37 |
| TGI Triumph Group Inc. | Sold out | 0.00% | −0.34 |
| LEU Centrus Energy Corp. Class A | Reduce -40.5% | 0.14% | −0.14 |
Portfolio Buys Q4 2024 → Q1 2025
| TMQ Trilogy Metals Inc. | Add +61.1% | 7.08% | +3.39 |
| TMC TMC the Metals Co. Inc. | Add +100.0% | 2.65% | +1.68 |
| AGI Alamos Gold Inc. Class A | Add +1.6% | 6.84% | +1.63 |
| EWBC East West Bancorp Inc. | New | 1.55% | +1.55 |
| OII Oceaneering Intl Inc. | Add +338.7% | 2.07% | +1.44 |
| GSM Ferroglobe PLC | Add +58.7% | 4.60% | +1.26 |
| MUR Murphy Oil Corp. | New | 1.02% | +1.02 |
| AEM Agnico Eagle Mines Ltd. | Add +0.0% | 4.20% | +0.80 |
| BAC Bank of America Corp. | Add +232.9% | 1.07% | +0.69 |
| MP MP Materials Corp. | New | 0.68% | +0.68 |
| BG Bunge Global SA | Add +31.2% | 4.50% | +0.58 |
| ALB Albemarle Corp. | Add +157.0% | 1.17% | +0.56 |
| CAT Caterpillar Inc. | New | 0.53% | +0.53 |
| NXE Nexgen Energy Ltd. | Add +94.4% | 3.16% | +0.48 |
| HCC Warrior Met Coal Inc. | Add +100.0% | 1.22% | +0.44 |
| BRKR Bruker Corp. | New | 0.42% | +0.42 |
| VAL Valaris Ltd. | Add +88.1% | 0.95% | +0.31 |
| ERII Energy Recovery Inc. | New | 0.24% | +0.24 |
| WFC Wells Fargo & Co. | New | 0.21% | +0.21 |
| ASML ASML Holding NV-NY Reg SHS | Add +85.6% | 0.55% | +0.20 |
| TDW Tidewater Inc. | Add +84.9% | 0.90% | +0.19 |
| WM Waste Management Inc. | New | 0.16% | +0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.3% | 3.28% | +0.15 |
| BA The Boeing Co. | New | 0.10% | +0.10 |
| RTX RTX Corp. | New | 0.07% | +0.07 |
| BTU Peabody Energy Corp. | Add +100.0% | 0.56% | +0.07 |
| AMR Alpha Metallurgical Resource | Add +86.9% | 1.03% | +0.04 |
| LIONS GATE ENTMNT CORP | Add +12.7% | 0.27% | +0.01 |
| CLAR Clarus Corp. | Add +37.9% | 0.21% | +0.00 |
| SSNC Ss&c Technologies Holdings | Add +1.5% | 3.15% | −0.01 |
| LAR Lithium Argentina AG | Add +10.6% | 0.09% | −0.02 |
| IRWD Ironwood Pharmaceuticals Inc. | Add +74.2% | 0.06% | −0.05 |
| JOE The St Joe Co. | Add +2.5% | 1.58% | −0.08 |
| FCX Freeport-McMoran Inc. | Add +4.0% | 0.96% | −0.08 |
| FOLD Amicus Therapeutics Inc. | Add +5.1% | 1.18% | −0.28 |
| ELAN Elanco Animal Health Inc. | Add +3.6% | 1.54% | −0.39 |
| KW Kennedy-Wilson Holdings Inc. | Add +8.0% | 2.01% | −0.40 |
| APLS Apellis Pharmaceuticals Inc. | Add +12.8% | 1.01% | −0.46 |
| CDRE Cadre Holdings Inc. | Add +1.3% | 2.30% | −0.48 |
| UHAL U-Haul Holding Co. | Add +1.5% | 3.20% | −0.54 |
| VRT Vertiv Holdings Co. Class A | Add +4.1% | 0.89% | −0.62 |
| GMED Globus Medical Inc. Class A | Add +0.9% | 3.20% | −0.83 |
| LMT Lockheed Martin Corp. | Add +1.6% | 4.46% | −0.91 |
| ENVX Enovix Corp. | Add +7.0% | 2.21% | −1.23 |
| LMNR Limoneira Co. | Add +1.4% | 2.81% | −1.49 |
| CCJ Cameco Corp. | Add +2.0% | 4.38% | −1.65 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 124 | $944.2M | BRKR, OII, TDW, LMT, ILMN |
| Q1 2026 | 123 | $922.6M | TDW, CNR, LMT, NTR, CNQ |
| Q4 2025 | 102 | $560.2M | BRKR, CNQ, LMT, NXE, TMQ |
| Q3 2025 | 86 | $436.0M | TMQ, NXE, LMT, BRKR, CCJ |
| Q2 2025 | 62 | $303.3M | NXE, CCJ, VIRT, TMQ, AGI |
| Q1 2025 | 59 | $277.2M | TMQ, AGI, VIRT, GSM, BG |
| Q4 2024 | 55 | $246.8M | VIRT, CCJ, LMT, AGI, CNQ |
| Q3 2024Amended | 58 | $258.6M | VIRT, LMT, GSM, CCJ, B |
| Q2 2024 | 58 | $226.7M | LMNR, VIRT, ENVX, CCJ, BG |
| Q1 2024 | 53 | $197.8M | B, LMNR, VIRT, SMRT, BG |