Orion Resource Partners LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Orion Resource Partners LP reported 18 stock positions worth $751.9 million. Its top holding was Sandstorm Gold (SAND) at 38.3% of the portfolio, followed by Equinox Gold (EQX, 34.0%) and Skeena Resources (SKE, 17.4%). Compared with Q2 2024, it opened 5 new positions, sold out of 5, added to 3 and reduced 6. The biggest buy was a new position in Steel Dynamics (STLD) and the biggest sale Ivanhoe Electric Inc. / US (IE, shares −30%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0002032200
- Portfolio Value
- $751.9M (Q3 2024)
- SEC Filing
- 0000905148-24-003162 ↗ filed Nov 14, 2024
Holdings Value
Holdings 18 stocks · $751.9M
| SAND Sandstorm Gold Ltd. | 38.28% | 47,971,172 | $287.8M | Add +0.0% |
| EQX Equinox Gold Corp. | 34.02% | 42,000,000 | $255.8M | No change |
| SKE Skeena Resources Ltd. | 17.37% | 15,440,679 | $130.6M | No change |
| IAUX I-80 Gold Corp. | 2.92% | 18,917,576 | $21.9M | Reduce -27.0% |
| DC Dakota Gold Corp. | 2.83% | 9,011,503 | $21.3M | No change |
| IE Ivanhoe Electric Inc. / US | 2.19% | 1,950,000 | $16.5M | Reduce -29.7% |
| SLSR Solaris Resources Inc. | 1.88% | 5,454,201 | $14.1M | No change |
| GROY Gold Royalty Corp. | 0.26% | 1,450,000 | $2.0M | Reduce -50.1% |
| HBM Hudbay Minerals Inc. | 0.04% | 34,869 | $321K | Add +5.5% |
| STLD Steel Dynamics Inc. | 0.04% | 2,418 | $305K | New |
| PDS Precision Drilling Corp. | 0.03% | 3,451 | $213K | New |
| CDE Coeur Mining Inc. | 0.03% | 30,054 | $207K | New |
| UUUU Energy Fuels Inc. | 0.02% | 32,286 | $177K | New |
| MAG Mag Silver Corp. | 0.02% | 11,240 | $158K | Reduce -33.9% |
| IAG Iamgold Corp. | 0.02% | 25,772 | $135K | Add +114.8% |
| EAF Graftech International Ltd. | 0.02% | 93,430 | $123K | Reduce -42.3% |
| URG Ur-Energy Inc. | 0.02% | 97,061 | $116K | Reduce -60.6% |
| CNL Collective Mining Ltd. | 0.01% | 24,452 | $78K | New |
Portfolio Sells Q2 2024 → Q3 2024
| IE Ivanhoe Electric Inc. / US | Reduce -29.7% | 2.19% | −1.74 |
| IAUX I-80 Gold Corp. | Reduce -27.0% | 2.92% | −1.31 |
| GROY Gold Royalty Corp. | Reduce -50.1% | 0.26% | −0.36 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.04 |
| URG Ur-Energy Inc. | Reduce -60.6% | 0.02% | −0.04 |
| FLR Fluor Corp. | Sold out | 0.00% | −0.03 |
| KGC Kinross Gold Corp. | Sold out | 0.00% | −0.03 |
| HL Hecla Mining Co. | Sold out | 0.00% | −0.01 |
| FSM Fortuna Mining Corp. | Sold out | 0.00% | −0.01 |
| MAG Mag Silver Corp. | Reduce -33.9% | 0.02% | −0.01 |
| EAF Graftech International Ltd. | Reduce -42.3% | 0.02% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| STLD Steel Dynamics Inc. | New | 0.04% | +0.04 |
| PDS Precision Drilling Corp. | New | 0.03% | +0.03 |
| CDE Coeur Mining Inc. | New | 0.03% | +0.03 |
| UUUU Energy Fuels Inc. | New | 0.02% | +0.02 |
| IAG Iamgold Corp. | Add +114.8% | 0.02% | +0.01 |
| CNL Collective Mining Ltd. | New | 0.01% | +0.01 |
| HBM Hudbay Minerals Inc. | Add +5.5% | 0.04% | −0.00 |
| SAND Sandstorm Gold Ltd. | Add +0.0% | 38.28% | −1.16 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 24 | $219.4M | SKE, SLSR, DC, VMET, SQM |
| Q1 2026 | 20 | $218.9M | SKE, SLSR, DC, IAUX, SQM |
| Q4 2025 | 21 | $203.3M | SKE, SLSR, DC, IAUX, MEOH |
| Q3 2025 | 27 | $275.2M | AAUC, SKE, SLSR, DC, IAUX |
| Q2 2025 | 24 | $539.7M | SAND, AAUC, SKE, EQX, DC |
| Q1 2025 | 18 | $525.6M | EQX, SAND, SKE, DC, SLSR |
| Q4 2024Amended | 19 | $507.0M | EQX, SAND, SKE, DC, SLSR |
| Q3 2024Amended | 18 | $751.9M | SAND, EQX, SKE, IAUX, DC |
| Q2 2024 | 18 | $661.7M | SAND, EQX, SKE, IAUX, IE |
| Q1 2024 | 3 | $405K | HBM, MAG, EAF |