Orion Resource Partners LP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Orion Resource Partners LP reported 21 stock positions worth $203.3 million. Its top holding was Skeena Resources (SKE) at 32.4% of the portfolio, followed by Solaris Resources (SLSR, 19.7%) and Dakota Gold (DC, 14.5%). Compared with Q3 2025, it opened 4 new positions, sold out of 10, added to 11 and reduced 5. The biggest buy was Methanex (MEOH, shares +158%) and the biggest sale an exit from Allied Gold (AAUC).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0002032200
- Portfolio Value
- $203.3M (Q4 2025)
- SEC Filing
- 0000905148-26-000867 ↗ filed Feb 17, 2026
Holdings Value
Holdings 21 stocks · $203.3M
| SKE Skeena Resources Ltd. | 32.42% | 2,775,640 | $65.9M | Reduce -19.5% |
| SLSR Solaris Resources Inc. | 19.71% | 5,000,000 | $40.1M | Reduce -8.3% |
| DC Dakota Gold Corp. | 14.47% | 5,181,766 | $29.4M | Reduce -27.9% |
| IAUX I-80 Gold Corp. | 12.58% | 17,376,551 | $25.6M | No change |
| MEOH Methanex Corp. | 2.46% | 126,323 | $5.0M | Add +157.6% |
| B Barrick Mining Corp. | 2.06% | 96,183 | $4.2M | Add +92.0% |
| EGO Eldorado Gold Corp. | 1.96% | 110,608 | $4.0M | Add +27.1% |
| SVM Silvercorp Metals Inc. | 1.48% | 359,004 | $3.0M | Add +244.1% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 1.34% | 39,744 | $2.7M | Add +87.9% |
| ERO Ero Copper Corp. | 1.32% | 94,874 | $2.7M | Reduce -22.2% |
| AU Anglogold Ashanti PLC | 1.08% | 25,648 | $2.2M | New |
| FCX Freeport-McMoran Inc. | 1.02% | 40,668 | $2.1M | New |
| IAG Iamgold Corp. | 1.01% | 124,438 | $2.1M | Add +5.4% |
| EQX Equinox Gold Corp. | 1.01% | 145,589 | $2.0M | Add +137.1% |
| CCJ Cameco Corp. | 1.00% | 22,317 | $2.0M | Reduce -17.7% |
| CDE Coeur Mining Inc. | 1.00% | 114,205 | $2.0M | Add +3.3% |
| STLD Steel Dynamics Inc. | 0.97% | 11,684 | $2.0M | New |
| NEM Newmont Corp. | 0.96% | 19,495 | $1.9M | Add +28.3% |
| SSRM SSR Mining Inc. | 0.96% | 88,780 | $1.9M | Add +228.6% |
| ASTL Algoma Steel Group Inc. | 0.77% | 381,728 | $1.6M | Add +173.8% |
| GSM Ferroglobe PLC | 0.42% | 184,883 | $858K | New |
Portfolio Sells Q3 2025 → Q4 2025
| AAUC Allied Gold Corp. | Sold out | 0.00% | −35.63 |
| NGD New Gold Inc. | Sold out | 0.00% | −1.03 |
| HBM Hudbay Minerals Inc. | Sold out | 0.00% | −0.92 |
| UUUU Energy Fuels Inc. | Sold out | 0.00% | −0.41 |
| VZLA Vizsla Silver Corp. | Sold out | 0.00% | −0.26 |
| URG Ur-Energy Inc. | Sold out | 0.00% | −0.25 |
| PDS Precision Drilling Corp. | Sold out | 0.00% | −0.24 |
| LAR Lithium Argentina AG | Sold out | 0.00% | −0.24 |
| PPTA Perpetua Resources Corp. | Sold out | 0.00% | −0.23 |
| UEC Uranium Energy Corp. | Sold out | 0.00% | −0.23 |
| CCJ Cameco Corp. | Reduce -17.7% | 1.00% | +0.18 |
| ERO Ero Copper Corp. | Reduce -22.2% | 1.32% | +0.43 |
| DC Dakota Gold Corp. | Reduce -27.9% | 14.47% | +2.60 |
| SLSR Solaris Resources Inc. | Reduce -8.3% | 19.71% | +7.07 |
| SKE Skeena Resources Ltd. | Reduce -19.5% | 32.42% | +9.36 |
Portfolio Buys Q3 2025 → Q4 2025
| MEOH Methanex Corp. | Add +157.6% | 2.46% | +1.76 |
| B Barrick Mining Corp. | Add +92.0% | 2.06% | +1.46 |
| SVM Silvercorp Metals Inc. | Add +244.1% | 1.48% | +1.24 |
| AU Anglogold Ashanti PLC | New | 1.08% | +1.08 |
| EGO Eldorado Gold Corp. | Add +27.1% | 1.96% | +1.04 |
| FCX Freeport-McMoran Inc. | New | 1.02% | +1.02 |
| SQM Quimica Y Minera Chil-SP ADR | Add +87.9% | 1.34% | +1.01 |
| STLD Steel Dynamics Inc. | New | 0.97% | +0.97 |
| EQX Equinox Gold Corp. | Add +137.1% | 1.01% | +0.76 |
| SSRM SSR Mining Inc. | Add +228.6% | 0.96% | +0.72 |
| ASTL Algoma Steel Group Inc. | Add +173.8% | 0.77% | +0.59 |
| NEM Newmont Corp. | Add +28.3% | 0.96% | +0.49 |
| IAG Iamgold Corp. | Add +5.4% | 1.01% | +0.46 |
| GSM Ferroglobe PLC | New | 0.42% | +0.42 |
| CDE Coeur Mining Inc. | Add +3.3% | 1.00% | +0.25 |
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 |