Orion Resource Partners LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Orion Resource Partners LP reported 19 stock positions worth $507.0 million. Its top holding was Equinox Gold (EQX) at 41.6% of the portfolio, followed by Sandstorm Gold (SAND, 32.4%) and Skeena Resources (SKE, 13.3%). Compared with Q3 2024, it opened 6 new positions, sold out of 5, added to 5 and reduced 4. The biggest buy was a new position in Methanex (MEOH) and the biggest sale Sandstorm Gold (SAND, shares −39%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0002032200
- Portfolio Value
- $507.0M (Q4 2024)
- SEC Filing
- 0000905148-25-000667 ↗ filed Feb 14, 2025
Holdings Value
Holdings 19 stocks · $507.0M
| EQX Equinox Gold Corp. | 41.59% | 42,000,000 | $210.8M | No change |
| SAND Sandstorm Gold Ltd. | 32.40% | 29,441,172 | $164.3M | Reduce -38.6% |
| SKE Skeena Resources Ltd. | 13.28% | 7,720,339 | $67.3M | Reduce -50.0% |
| DC Dakota Gold Corp. | 3.91% | 9,011,503 | $19.8M | No change |
| SLSR Solaris Resources Inc. | 3.34% | 5,454,201 | $16.9M | No change |
| IE Ivanhoe Electric Inc. / US | 2.81% | 1,887,387 | $14.2M | Reduce -3.2% |
| IAUX I-80 Gold Corp. | 1.81% | 18,917,576 | $9.2M | No change |
| GROY Gold Royalty Corp. | 0.23% | 950,000 | $1.1M | Reduce -34.5% |
| HBM Hudbay Minerals Inc. | 0.10% | 62,724 | $508K | Add +79.9% |
| MEOH Methanex Corp. | 0.10% | 9,793 | $489K | New |
| CCJ Cameco Corp. | 0.07% | 7,255 | $373K | New |
| PDS Precision Drilling Corp. | 0.07% | 5,714 | $349K | Add +65.6% |
| CENX Century Aluminum Company | 0.06% | 17,092 | $311K | New |
| EXK Endeavour Silver Corp. | 0.06% | 81,756 | $300K | New |
| CDE Coeur Mining Inc. | 0.04% | 38,079 | $218K | Add +26.7% |
| UUUU Energy Fuels Inc. | 0.04% | 42,196 | $216K | Add +30.7% |
| IAG Iamgold Corp. | 0.04% | 39,747 | $205K | Add +54.2% |
| CLF Cleveland-Cliffs Inc. | 0.04% | 19,397 | $182K | New |
| ARIS Aris Mining Corp. filed as ARIS MNG CORP | 0.02% | 24,597 | $86K | New |
Portfolio Sells Q3 2024 → Q4 2024
| SAND Sandstorm Gold Ltd. | Reduce -38.6% | 32.40% | −5.88 |
| SKE Skeena Resources Ltd. | Reduce -50.0% | 13.28% | −4.10 |
| STLD Steel Dynamics Inc. | Sold out | 0.00% | −0.04 |
| GROY Gold Royalty Corp. | Reduce -34.5% | 0.23% | −0.04 |
| MAG Mag Silver Corp. | Sold out | 0.00% | −0.02 |
| EAF Graftech International Ltd. | Sold out | 0.00% | −0.02 |
| URG Ur-Energy Inc. | Sold out | 0.00% | −0.02 |
| CNL Collective Mining Ltd. | Sold out | 0.00% | −0.01 |
| IE Ivanhoe Electric Inc. / US | Reduce -3.2% | 2.81% | +0.62 |
Portfolio Buys Q3 2024 → Q4 2024
| MEOH Methanex Corp. | New | 0.10% | +0.10 |
| CCJ Cameco Corp. | New | 0.07% | +0.07 |
| CENX Century Aluminum Company | New | 0.06% | +0.06 |
| EXK Endeavour Silver Corp. | New | 0.06% | +0.06 |
| HBM Hudbay Minerals Inc. | Add +79.9% | 0.10% | +0.06 |
| PDS Precision Drilling Corp. | Add +65.6% | 0.07% | +0.04 |
| CLF Cleveland-Cliffs Inc. | New | 0.04% | +0.04 |
| IAG Iamgold Corp. | Add +54.2% | 0.04% | +0.02 |
| UUUU Energy Fuels Inc. | Add +30.7% | 0.04% | +0.02 |
| ARIS Aris Mining Corp. | New | 0.02% | +0.02 |
| CDE Coeur Mining Inc. | Add +26.7% | 0.04% | +0.02 |
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 |