Old West Investment Management, LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Old West Investment Management, LLC reported 123 stock positions worth $922.6 million. Its top holding was Tidewater (TDW) at 3.7% of the portfolio, followed by Core Natural Resources (CNR, 3.3%) and Lockheed Martin (LMT, 3.2%). Compared with Q4 2025, it opened 27 new positions, sold out of 6, added to 37 and reduced 30. The biggest buy was a new position in Nutrien (NTR) and the biggest sale Bruker (BRKR, shares −6%).

Most Recent 13F
Q2 2026
Location
Los Angeles, CA
CIK
0001549358
Portfolio Value
$922.6M (Q1 2026)
SEC Filing
0001941040-26-000319 ↗ filed May 12, 2026

Holdings Value

0$200.0M$400.0M$600.0M$800.0M$1.0B Q1 2024: $197.8M Q1 2024 Q2 2024: $226.7M Q2 2024 Q3 2024: $258.6M Q3 2024 Q4 2024: $246.8M Q4 2024 Q1 2025: $277.2M Q1 2025 Q2 2025: $303.3M Q2 2025 Q3 2025: $436.0M Q3 2025 Q4 2025: $560.2M Q4 2025 Q1 2026: $922.6M $922.6M Q1 2026 Q2 2026: $944.2M Q2 2026

Holdings 123 stocks · $922.6M
TDW Tidewater Inc. 3.72% 410,257 $34.3M Add +419.6%
CNR Core Natural Resources Inc. 3.33% 293,163 $30.7M Add +160.0%
LMT Lockheed Martin Corp. 3.23% 49,255 $29.8M Reduce -8.2%
NTR Nutrien Ltd. 3.19% 390,348 $29.5M New
CNQ Canadian Natural Resources 3.01% 569,348 $27.7M Reduce -25.9%
AR Antero Resources Corp. 2.98% 648,322 $27.5M Add +217.8%
SU Suncor Energy Inc. 2.96% 413,147 $27.3M Add +210.7%
SLB SLB Ltd. filed as SLB LIMITED 2.74% 491,952 $25.3M Add +830.6%
OII Oceaneering Intl Inc. 2.68% 697,193 $24.7M Add +28.3%
RRC Range Resources Corp. 2.58% 527,318 $23.8M New
APD Air Products & Chemicals Inc. 2.58% 81,929 $23.8M New
BRKR Bruker Corp. 2.51% 641,000 $23.2M Reduce -6.4%
NXE Nexgen Energy Ltd. 2.44% 1,941,596 $22.5M Reduce -28.6%
CF CF Industries Holdings Inc. 2.37% 168,515 $21.9M New
CCJ Cameco Corp. 2.29% 194,147 $21.1M Reduce -4.0%
NOC Northrop Grumman Corp. 2.04% 27,539 $18.8M Add +1447.1%
VIRT Virtu Financial Inc. Class A 1.86% 389,462 $17.1M Add +4.8%
BG Bunge Global SA 1.84% 133,610 $17.0M Reduce -27.9%
TMQ Trilogy Metals Inc. 1.83% 4,701,712 $16.9M Add +0.5%
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 1.80% 12,543 $16.6M Add +3.9%
GSM Ferroglobe PLC 1.75% 3,926,619 $16.2M Add +3.4%
ALB Albemarle Corp. 1.72% 88,182 $15.8M Reduce -35.7%
AA Alcoa Corp. 1.59% 221,595 $14.7M Reduce -4.7%
AGI Alamos Gold Inc. Class A 1.55% 322,384 $14.3M Reduce -33.4%
NOK Nokia Corp.-Spon ADR 1.34% 1,538,731 $12.4M Reduce -3.3%
AEM Agnico Eagle Mines Ltd. 1.30% 59,309 $12.0M Reduce -44.6%
RIO Rio Tinto PLC-Spon ADR 1.20% 118,777 $11.1M Add +735.9%
VNOM Viper Energy Inc. Class A 1.18% 231,780 $10.9M New
NE Noble Corp. PLC 1.12% 211,424 $10.4M Add +163.1%
DOW Dow Inc. filed as DOW HLDGS INC 1.11% 246,526 $10.3M New
LYB Lyondellbasell Indu Class A 1.11% 127,282 $10.3M New
BRK.B Berkshire Hathaway Inc. Class B 1.11% 21,351 $10.2M Add +4.4%
GEV GE Vernova Inc. 1.02% 10,815 $9.4M New
BA The Boeing Co. 1.01% 46,895 $9.3M Add +2838.3%
FMC FMC Corp. 0.98% 522,549 $9.0M New
UNP Union Pacific Corp. 0.97% 36,925 $9.0M New
FCX Freeport-McMoran Inc. 0.97% 152,387 $9.0M Add +23.8%
SWKS Skyworks Solutions Inc. 0.90% 155,869 $8.3M New
WFRD Weatherford International PL 0.85% 82,899 $7.8M Reduce -4.5%
AMR Alpha Metallurgical Resource 0.81% 36,475 $7.5M Add +26.2%
VRT Vertiv Holdings Co. Class A 0.78% 28,833 $7.2M Reduce -32.0%
PBR Petroleo Brasileiro-Spon ADR 0.77% 341,645 $7.1M Add +337.8%
CC The Chemours Co. 0.76% 317,329 $7.0M Add +314.0%
ELAN Elanco Animal Health Inc. 0.75% 290,156 $6.9M Reduce -41.9%
SSNC Ss&c Technologies Holdings 0.74% 100,419 $6.8M Reduce -20.3%
GFS Globalfoundries Inc. 0.73% 151,125 $6.7M New
PBF PBF Energy Inc. Class A 0.73% 140,690 $6.7M No change
VAL Valaris Ltd. 0.71% 67,190 $6.6M Reduce -10.6%
GMED Globus Medical Inc. Class A 0.68% 72,672 $6.3M Reduce -28.4%
CE Celanese Corp. 0.66% 92,769 $6.1M New
OLN Olin Corp. 0.62% 192,371 $5.7M New
TMC TMC the Metals Co. Inc. 0.61% 1,204,038 $5.6M Reduce -35.4%
ALM Almonty Industries Inc. 0.56% 356,146 $5.2M No change
EWBC East West Bancorp Inc. 0.55% 47,795 $5.1M No change
HUN Huntsman Corp. 0.52% 358,872 $4.8M New
CSX CSX Corp. 0.47% 105,650 $4.3M New
IPGP Ipg Photonics Corp. 0.46% 37,220 $4.3M Reduce -3.4%
ET Energy Transfer LP 0.46% 219,080 $4.2M No change
CNI Canadian Natl Railway Co. 0.46% 40,955 $4.2M New
KEYS Keysight Technologies Inc. 0.45% 14,775 $4.2M No change
MUR Murphy Oil Corp. 0.45% 100,000 $4.1M No change
NSC Norfolk Southern Corp. 0.45% 14,315 $4.1M New
CP Canadian Pacific Kansas City 0.44% 52,030 $4.1M New
OMEX Odyssey Marine Exploration 0.43% 4,773,196 $4.0M Reduce -13.2%
GLNG Golar LNG Ltd. 0.43% 73,247 $4.0M Add +23.6%
ACLS Axcelis Technologies Inc. 0.43% 42,481 $4.0M Add +135.2%
UHAL U-Haul Holding Co. 0.41% 79,320 $3.8M Reduce -48.3%
MOS The Mosaic Co. 0.40% 145,925 $3.7M New
ALLE Allegion PLC 0.39% 24,978 $3.6M Reduce -29.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.38% 71,334 $3.5M No change
BLDR Builders Firstsource Inc. 0.38% 42,219 $3.5M Reduce -65.7%
LAC Lithium Americas Corp. 0.36% 839,855 $3.3M Add +4.0%
CAT Caterpillar Inc. 0.34% 4,458 $3.2M No change
AMAT Applied Materials Inc. 0.34% 9,200 $3.1M No change
LHX L3HARRIS Technologies Inc. 0.31% 8,415 $2.9M No change
ILMN Illumina Inc. 0.31% 23,388 $2.9M Add +1.9%
AME Ametek Inc. 0.30% 12,970 $2.8M No change
VECO Veeco Instruments Inc. 0.30% 80,645 $2.7M Add +12.9%
TDY Teledyne Technologies Inc. 0.28% 4,260 $2.6M No change
AAPL Apple Inc. 0.27% 9,685 $2.5M Reduce -24.5%
COHR Coherent Corp. 0.26% 10,000 $2.4M No change
GNE Genie Energy Ltd. Class B 0.25% 160,600 $2.3M No change
CDRE Cadre Holdings Inc. 0.25% 73,821 $2.3M No change
DNN Denison Mines Corp. 0.23% 609,435 $2.2M Reduce -14.9%
MKSI MKS Inc. 0.22% 8,790 $2.0M Reduce -46.2%
A Agilent Technologies Inc. 0.21% 17,385 $2.0M Add +2.7%
V Visa Inc. Class A 0.21% 6,510 $2.0M No change
ATI Ati Inc. 0.20% 12,555 $1.8M No change
NOV Nov Inc. 0.17% 82,364 $1.5M Add +48.9%
CTS CTS Corp. 0.16% 31,259 $1.5M Add +39.3%
FLR Fluor Corp. 0.16% 31,939 $1.5M Add +76.3%
VALE Vale SA-SP ADR 0.16% 92,080 $1.5M No change
LIN Linde PLC 0.12% 2,320 $1.2M No change
TMO Thermo Fisher Scientific Inc. 0.12% 2,288 $1.1M Add +5.0%
RAL Ralliant Corp. 0.12% 26,990 $1.1M Add +35.2%
MP MP Materials Corp. 0.12% 22,300 $1.1M Reduce -5.5%
MTRN Materion Corp. 0.10% 6,339 $917K Reduce -12.9%
POWI Power Integrations Inc. 0.09% 15,992 $819K Add +78.0%
LAR Lithium Argentina AG 0.09% 119,218 $796K Add +260.3%
KBR KBR Inc. 0.08% 21,046 $776K Reduce -3.5%
SSL Sasol Ltd.-Sponsored ADR 0.08% 59,207 $767K New
ATKR Atkore Inc. 0.08% 13,017 $767K Add +91.7%
SAIC Science Applications Inte 0.08% 7,606 $722K Add +65.5%
CLB Core Laboratories Inc. 0.07% 40,525 $680K Add +6.0%
WFC Wells Fargo & Co. 0.07% 8,037 $640K No change
RIG Transocean Ltd. 0.07% 95,000 $630K No change
AMTM Amentum Holdings Inc. 0.06% 21,767 $568K Add +12.5%
HXL Hexcel Corp. 0.06% 6,881 $557K Add +8.9%
NVTS Navitas Semiconductor Corp. 0.06% 59,161 $519K New
BAK Braskem SA Class A- ADR 0.06% 140,593 $515K New
KMI Kinder Morgan Inc. 0.05% 15,079 $506K New
VZ Verizon Communications Inc. 0.05% 9,659 $485K New
ERII Energy Recovery Inc. 0.05% 46,676 $470K Reduce -6.5%
WM Waste Management Inc. 0.05% 1,952 $449K No change
GLD SPDR Gold Shares 0.05% 1,000 $430K No change
GOOG Alphabet Inc. Class C 0.04% 1,405 $403K No change
GOOGL Alphabet Inc. Class A 0.04% 1,400 $403K No change
WOLF Wolfspeed Inc. 0.04% 23,482 $383K New
LOW Lowe's Cos Inc. 0.03% 1,334 $315K No change
RTX RTX Corp. 0.03% 1,559 $301K No change
INTC Intel Corp. 0.03% 6,695 $295K No change
IPX Iperionx Ltd. - ADR 0.03% 10,652 $277K New
F Ford Motor Co. filed as FORD MTR CO 0.03% 22,660 $261K No change

Portfolio Sells Q4 2025 → Q1 2026
BRKR Bruker Corp. Reduce -6.4% 2.51% −3.25
NXE Nexgen Energy Ltd. Reduce -28.6% 2.44% −2.02
AEM Agnico Eagle Mines Ltd. Reduce -44.6% 1.30% −1.94
BLDR Builders Firstsource Inc. Reduce -65.7% 0.38% −1.88
AGI Alamos Gold Inc. Class A Reduce -33.4% 1.55% −1.78
ALB Albemarle Corp. Reduce -35.7% 1.72% −1.75
CNQ Canadian Natural Resources Reduce -25.9% 3.01% −1.64
OMEX Odyssey Marine Exploration Reduce -13.2% 0.43% −1.49
TMC TMC the Metals Co. Inc. Reduce -35.4% 0.61% −1.44
LMT Lockheed Martin Corp. Reduce -8.2% 3.23% −1.41
ELAN Elanco Animal Health Inc. Reduce -41.9% 0.75% −1.26
HCC Warrior Met Coal Inc. Sold out 0.00% −1.26
SSNC Ss&c Technologies Holdings Reduce -20.3% 0.74% −1.23
BG Bunge Global SA Reduce -27.9% 1.84% −1.11
CCJ Cameco Corp. Reduce -4.0% 2.29% −1.02
UHAL U-Haul Holding Co. Reduce -48.3% 0.41% −0.97
GMED Globus Medical Inc. Class A Reduce -28.4% 0.68% −0.90
KW Kennedy-Wilson Holdings Inc. Sold out 0.00% −0.86
AA Alcoa Corp. Reduce -4.7% 1.59% −0.61
ALLE Allegion PLC Reduce -29.4% 0.39% −0.61
NOK Nokia Corp.-Spon ADR Reduce -3.3% 1.34% −0.50
VRT Vertiv Holdings Co. Class A Reduce -32.0% 0.78% −0.44
WFRD Weatherford International PL Reduce -4.5% 0.85% −0.36
AAPL Apple Inc. Reduce -24.5% 0.27% −0.36
MKSI MKS Inc. Reduce -46.2% 0.22% −0.25
HL Hecla Mining Co. Sold out 0.00% −0.19
ERO Ero Copper Corp. Sold out 0.00% −0.15
DNN Denison Mines Corp. Reduce -14.9% 0.23% −0.11
MP MP Materials Corp. Reduce -5.5% 0.12% −0.10
KBR KBR Inc. Reduce -3.5% 0.08% −0.07
ERII Energy Recovery Inc. Reduce -6.5% 0.05% −0.07
MTRN Materion Corp. Reduce -12.9% 0.10% −0.06
LEU Centrus Energy Corp. Class A Sold out 0.00% −0.05
IPGP Ipg Photonics Corp. Reduce -3.4% 0.46% −0.03
URG Ur-Energy Inc. Sold out 0.00% −0.01
VAL Valaris Ltd. Reduce -10.6% 0.71% +0.04

Portfolio Buys Q4 2025 → Q1 2026
NTR Nutrien Ltd. New 3.19% +3.19
TDW Tidewater Inc. Add +419.6% 3.72% +3.00
RRC Range Resources Corp. New 2.58% +2.58
APD Air Products & Chemicals Inc. New 2.58% +2.58
SLB SLB Ltd. Add +830.6% 2.74% +2.38
CF CF Industries Holdings Inc. New 2.37% +2.37
SU Suncor Energy Inc. Add +210.7% 2.96% +1.91
NOC Northrop Grumman Corp. Add +1447.1% 2.04% +1.86
AR Antero Resources Corp. Add +217.8% 2.98% +1.73
CNR Core Natural Resources Inc. Add +160.0% 3.33% +1.55
VNOM Viper Energy Inc. Class A New 1.18% +1.18
DOW Dow Inc. New 1.11% +1.11
LYB Lyondellbasell Indu Class A New 1.11% +1.11
GEV GE Vernova Inc. New 1.02% +1.02
RIO Rio Tinto PLC-Spon ADR Add +735.9% 1.20% +1.00
FMC FMC Corp. New 0.98% +0.98
UNP Union Pacific Corp. New 0.97% +0.97
BA The Boeing Co. Add +2838.3% 1.01% +0.95
SWKS Skyworks Solutions Inc. New 0.90% +0.90
GFS Globalfoundries Inc. New 0.73% +0.73
NE Noble Corp. PLC Add +163.1% 1.12% +0.72
CE Celanese Corp. New 0.66% +0.66
OLN Olin Corp. New 0.62% +0.62
PBR Petroleo Brasileiro-Spon ADR Add +337.8% 0.77% +0.60
CC The Chemours Co. Add +314.0% 0.76% +0.60
HUN Huntsman Corp. New 0.52% +0.52
CSX CSX Corp. New 0.47% +0.47
CNI Canadian Natl Railway Co. New 0.46% +0.46
NSC Norfolk Southern Corp. New 0.45% +0.45
CP Canadian Pacific Kansas City New 0.44% +0.44
MOS The Mosaic Co. New 0.40% +0.40
OII Oceaneering Intl Inc. Add +28.3% 2.68% +0.35
ACLS Axcelis Technologies Inc. Add +135.2% 0.43% +0.17
SSL Sasol Ltd.-Sponsored ADR New 0.08% +0.08
NVTS Navitas Semiconductor Corp. New 0.06% +0.06
BAK Braskem SA Class A- ADR New 0.06% +0.06
KMI Kinder Morgan Inc. New 0.05% +0.05
LAR Lithium Argentina AG Add +260.3% 0.09% +0.05
VZ Verizon Communications Inc. New 0.05% +0.05
WOLF Wolfspeed Inc. New 0.04% +0.04
GLNG Golar LNG Ltd. Add +23.6% 0.43% +0.04
FLR Fluor Corp. Add +76.3% 0.16% +0.03
POWI Power Integrations Inc. Add +78.0% 0.09% +0.03
IPX Iperionx Ltd. - ADR New 0.03% +0.03
NOV Nov Inc. Add +48.9% 0.17% +0.01
ATKR Atkore Inc. Add +91.7% 0.08% +0.01
SAIC Science Applications Inte Add +65.5% 0.08% −0.00
CTS CTS Corp. Add +39.3% 0.16% −0.01
HXL Hexcel Corp. Add +8.9% 0.06% −0.02
CLB Core Laboratories Inc. Add +6.0% 0.07% −0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 124$944.2MBRKR, OII, TDW, LMT, ILMN
Q1 2026 123$922.6MTDW, CNR, LMT, NTR, CNQ
Q4 2025 102$560.2MBRKR, CNQ, LMT, NXE, TMQ
Q3 2025 86$436.0MTMQ, NXE, LMT, BRKR, CCJ
Q2 2025 62$303.3MNXE, CCJ, VIRT, TMQ, AGI
Q1 2025 59$277.2MTMQ, AGI, VIRT, GSM, BG
Q4 2024 55$246.8MVIRT, CCJ, LMT, AGI, CNQ
Q3 2024Amended 58$258.6MVIRT, LMT, GSM, CCJ, B
Q2 2024 58$226.7MLMNR, VIRT, ENVX, CCJ, BG
Q1 2024 53$197.8MB, LMNR, VIRT, SMRT, BG