Sprott Inc.

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), Sprott Inc. reported 223 stock positions worth $3.3 billion. Its top holding was Sprott (SII) at 18.2% of the portfolio, followed by Sprott Focus Trust (FUND, 4.5%) and Agnico Eagle Mines (AEM, 4.2%). Compared with Q4 2025, it opened 35 new positions, sold out of 13, added to 86 and reduced 69. The biggest buy was Sprott (SII, shares +152%) and the biggest sale Vizsla Silver (VZLA, shares −18%).

Most Recent 13F
Q2 2026
Location
TORONTO, A6
CIK
0001512920
Portfolio Value
$3.3B (Q1 2026)
SEC Filing
0001512920-26-000012 ↗ filed May 8, 2026

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $1.4B Q1 2024 Q2 2024: $1.3B Q2 2024 Q3 2024: $1.6B Q3 2024 Q4 2024: $1.5B Q4 2024 Q1 2025: $1.7B Q1 2025 Q2 2025: $2.0B Q2 2025 Q3 2025: $2.7B Q3 2025 Q4 2025: $2.8B Q4 2025 Q1 2026: $3.3B $3.3B Q1 2026 Q2 2026: $3.0B Q2 2026

Holdings 223 stocks · $3.3B

SII Sprott Inc. 18.21% 4,183,727 $597.9M Add +151.9%
FUND Sprott Focus Trust Inc. 4.52% 15,536,886 $148.3M Add +0.6%
AEM Agnico Eagle Mines Ltd. 4.23% 685,083 $139.0M Reduce -4.6%
EQX Equinox Gold Corp. 4.18% 9,505,436 $137.3M Reduce -4.4%
CDE Coeur Mining Inc. 3.90% 6,817,492 $128.0M Reduce -8.9%
IAG Iamgold Corp. 3.77% 6,572,889 $123.7M Reduce -4.8%
WPM Wheaton Precious Metals Corp. 3.49% 873,752 $114.6M Reduce -2.3%
OR Or Royalties Inc. 2.74% 2,362,660 $89.9M Reduce -1.3%
BIL SS SPDR BB 1-3M T-Bill ETF 2.45% 878,051 $80.5M Add +5.7%
PAAS Pan American Silver Corp. 2.37% 1,426,336 $77.9M Add +82.6%
PHYS Sprott Physical Gold Trust 2.28% 2,109,488 $74.8M Reduce -4.6%
KGC Kinross Gold Corp. 2.05% 2,200,358 $67.2M Add +0.5%
B Barrick Mining Corp. 1.99% 1,597,248 $65.2M Reduce -33.1%
PPTA Perpetua Resources Corp. 1.94% 2,261,602 $63.6M Reduce -3.7%
AU Anglogold Ashanti PLC 1.87% 631,573 $61.5M Reduce -2.0%
VZLA Vizsla Silver Corp. 1.72% 17,068,053 $56.5M Reduce -17.6%
FNV Franco-Nevada Corp. 1.71% 227,294 $56.2M Reduce -4.4%
IAUX I-80 Gold Corp. 1.66% 35,862,753 $54.4M Add +2.1%
EGO Eldorado Gold Corp. 1.58% 1,511,620 $51.9M Reduce -13.8%
AGI Alamos Gold Inc. Class A 1.48% 1,095,070 $48.7M Reduce -3.4%
XOM Exxon Mobil Corp. 1.29% 250,137 $42.4M Add +2.0%
PSLV Sprott Physical Silver Trust 1.23% 1,655,995 $40.4M Reduce -24.4%
RGLD Royal Gold Inc. 1.17% 151,097 $38.5M Reduce -0.6%
TFPM Triple Flag Precious Met 1.08% 1,025,889 $35.6M Reduce -6.4%
ELE Elemental Royalty Corp. 1.08% 1,881,552 $35.4M Add +0.3%
NUE Nucor Corp. 1.06% 206,470 $34.9M Add +2.3%
CEF Sprott Physical Gold and Sil 0.94% 648,693 $31.0M Reduce -7.3%
HP Helmerich & Payne 0.94% 857,408 $30.9M Reduce -8.5%
CF CF Industries Holdings Inc. 0.94% 236,970 $30.8M Add +0.3%
SKE Skeena Resources Ltd. 0.92% 1,017,709 $30.3M Reduce -5.3%
VNOM Viper Energy Inc. Class A 0.92% 640,873 $30.1M Add +103.1%
FHI Federated Hermes Inc. 0.89% 513,885 $29.1M Add +1.5%
CALM Cal-Maine Foods Inc. 0.77% 317,780 $25.2M Add +30.2%
EXK Endeavour Silver Corp. 0.76% 2,688,725 $25.0M Add +9.2%
THM Intl Tower Hill Mines Ltd. filed as INTERNATIONAL TOWER HILL MIN 0.70% 9,959,165 $23.0M Reduce -49.7%
CCJ Cameco Corp. 0.68% 205,523 $22.3M Add +5.6%
TPL Texas Pacific Land Corp. 0.61% 42,080 $20.0M Add +24.1%
SSRM SSR Mining Inc. 0.58% 651,440 $19.2M Reduce -60.6%
NEM Newmont Corp. 0.54% 163,023 $17.6M Reduce -1.5%
STLD Steel Dynamics Inc. 0.53% 95,863 $17.3M Add +5.1%
RS Reliance Inc. 0.49% 53,307 $16.2M Add +12.8%
WLK Westlake Corp. 0.47% 132,610 $15.5M Reduce -5.3%
SLSR Solaris Resources Inc. 0.46% 1,761,374 $15.1M Reduce -30.9%
NFGC New Found Gold Corp. 0.46% 7,725,030 $15.0M Reduce -3.4%
APAM Artisan Partners Asset Ma -A 0.40% 362,095 $13.2M No change
CRUS Cirrus Logic Inc. 0.39% 88,000 $12.7M Reduce -7.2%
ASA ASA Gold and Precious Metals 0.38% 200,183 $12.4M Reduce -14.9%
AG First Majestic Silver Corp. 0.37% 569,734 $12.2M Reduce -8.1%
BKE The Buckle Inc. 0.34% 220,000 $11.1M No change
MTA Metalla Royalty & Streaming 0.32% 1,599,530 $10.6M Add +13.0%
METL Sprott Act Metals&miners ETF 0.31% 381,380 $10.3M Reduce -16.3%
PPLT Abrdn Physical Platinum SHRS 0.31% 57,188 $10.2M Add +57.9%
UEC Uranium Energy Corp. 0.31% 749,241 $10.1M Add +14.9%
ERO Ero Copper Corp. 0.30% 364,273 $9.7M Reduce -54.8%
BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU 0.29% 267,468 $9.6M Add +1.3%
THO Thor Industries Inc. 0.26% 105,000 $8.4M Add +10.5%
NXE Nexgen Energy Ltd. 0.25% 706,863 $8.2M Add +41.0%
GBUG Sprott Active Gold & Silver 0.23% 169,598 $7.7M Reduce -7.5%
SLB SLB Ltd. filed as SLB LIMITED 0.22% 137,904 $7.1M Add +32.0%
MP MP Materials Corp. 0.21% 143,952 $6.9M Add +141.1%
LB Landbridge Co. LLC-A 0.21% 98,604 $6.8M Add +15.7%
DC Dakota Gold Corp. 0.19% 1,232,916 $6.2M Add +9.2%
FRPH FRP Holdings Inc. filed as FRP HLDGS INC 0.19% 284,340 $6.2M No change
GDX Vaneck Gold Miners ETF 0.18% 66,102 $6.1M Reduce -0.5%
UROY Uranium Royalty Corp. 0.18% 1,618,470 $5.9M Reduce -0.1%
USAS Americas Gold and Silver Cor 0.17% 1,091,502 $5.7M Reduce -33.6%
MMI Marcus & Millichap Inc. 0.17% 210,000 $5.6M Add +23.5%
VSH Vishay Intertechnology Inc. 0.16% 300,000 $5.4M No change
DNN Denison Mines Corp. 0.16% 1,503,850 $5.3M Add +37.2%
HRB H&R Block Inc. filed as BLOCK H & R INC 0.16% 165,000 $5.2M Add +230.0%
VCSH Vanguard S/T Corp. Bond ETF 0.16% 65,400 $5.2M No change
SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE 0.15% 61,182 $5.0M Add +42.6%
PBR Petroleo Brasileiro-Spon ADR 0.15% 229,835 $4.8M New
OSISKO DEVELOPMENT CORP 0.14% 1,397,688 $4.5M Reduce -69.3%
GFI Gold Fields Ltd.-Spons ADR 0.13% 94,011 $4.3M Add +20.6%
HL Hecla Mining Co. 0.12% 216,365 $4.0M Reduce -9.7%
HYMC Hycroft Mining Holding Co. Class A 0.12% 112,052 $3.9M Reduce -43.6%
NTR Nutrien Ltd. 0.12% 51,915 $3.9M Reduce -5.1%
SND Smart Sand Inc. 0.12% 750,000 $3.8M No change
SIL Global X Silver Miners ETF 0.12% 42,326 $3.8M Reduce -37.1%
HSLV Highlander Silver Corp. 0.11% 637,184 $3.7M New
LNG Cheniere Energy Inc. 0.11% 12,779 $3.6M Add +5.3%
ALB Albemarle Corp. 0.11% 19,495 $3.5M Add +64.5%
FCX Freeport-McMoran Inc. 0.10% 56,172 $3.3M Add +28.8%
CTVA Corteva Inc. 0.09% 37,226 $3.1M Add +3.9%
SIVR Abrdn Physical Silver Shares 0.09% 41,243 $3.0M Reduce -8.9%
HBM Hudbay Minerals Inc. 0.09% 140,576 $2.9M Add +65.5%
TEN Tsakos Energy Navigation Ltd. 0.09% 72,800 $2.9M Add +32.4%
SLV iShares Silver Trust 0.09% 41,545 $2.8M Reduce -41.0%
SGDJ Sprott Jr. Gold Miners ETF 0.09% 32,649 $2.8M Reduce -7.8%
SVM Silvercorp Metals Inc. 0.08% 250,740 $2.7M Reduce -1.9%
GNTX Gentex Corp. 0.08% 120,000 $2.6M No change
COPX Global X Copper Miners ETF 0.08% 33,645 $2.6M Add +4.0%
SPPP Sprott Physical Platinum And 0.08% 159,927 $2.5M Reduce -2.0%
SCZM Santacruz Silver Mining Ltd. 0.08% 285,407 $2.5M New
SGDM Sprott Gold Miners ETF 0.07% 30,052 $2.3M Reduce -19.4%
XLE SS Energy Select Sector 0.07% 36,699 $2.2M Add +69.3%
INSW International Seaways Inc. 0.07% 30,182 $2.2M Add +42.5%
FSM Fortuna Mining Corp. 0.07% 217,841 $2.2M Reduce -21.1%
PEO Adams Natural Resources Fund 0.07% 76,742 $2.1M Add +13.7%

Show all 223 holdings

Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($71.1M), VANECK ETF TRUST puts ($25.9M), INVESCO QQQ TR puts ($16.0M), ISHARES TR calls ($12.6M), SELECT SECTOR SPDR TR puts ($6.1M), AMPLIFY ETF TR puts ($5.4M), UNITED STS OIL FD LP puts ($2.8M), IAMGOLD CORP calls ($1.1M), EQUINOX GOLD CORP calls ($761K), NVIDIA CORPORATION puts ($349K), HECLA MINING COMPANY calls ($242K), SPDR SERIES TRUST puts ($209K), and 3 more.

Other holdings (5): bonds, preferreds, convertibles and warrants · $11.6M (not counted above)
SecurityClassShares / PrincipalValueChange
IAUX.WS I-80 Gold Corp. -26 *W EXP 11/16/202 11,300,000$11.3MNo change
LZM.WS Lifezone Metals Ltd. -28 *W EXP 07/05/202 676,544$277KReduce -2.4%
ASPSW Altisource Portfolio - 30 *W EXP 04/30/203 16,100$6KNo change
FUFUW Bitfufu Inc.-28 *W EXP 03/01/202 15,000$2KNo change
CRGOW Freightos Ltd.-CW28 *W EXP 99/99/999 10,000$2KNo change

Total filed on the 13F, all lines: $3.3B.

Portfolio Sells Q4 2025 → Q1 2026

VZLA Vizsla Silver Corp. Reduce -17.6% 1.72% −2.36
B Barrick Mining Corp. Reduce -33.1% 1.99% −1.76
CDE Coeur Mining Inc. Reduce -8.9% 3.90% −0.90
EQX Equinox Gold Corp. Reduce -4.4% 4.18% −0.85
SSRM SSR Mining Inc. Reduce -60.6% 0.58% −0.72
EGO Eldorado Gold Corp. Reduce -13.8% 1.58% −0.69
PSLV Sprott Physical Silver Trust Reduce -24.4% 1.23% −0.63
THM Intl Tower Hill Mines Ltd. Reduce -49.7% 0.70% −0.61
ERO Ero Copper Corp. Reduce -54.8% 0.30% −0.53
NGD New Gold Inc. Sold out 0.00% −0.49
BRK.B Berkshire Hathaway Inc. Class B Sold out 0.00% −0.47
OSISKO DEVELOPMENT CORP Reduce -69.3% 0.14% −0.42
NFGC New Found Gold Corp. Reduce -3.4% 0.46% −0.40
PHYS Sprott Physical Gold Trust Reduce -4.6% 2.28% −0.35
IAG Iamgold Corp. Reduce -4.8% 3.77% −0.33
OR Or Royalties Inc. Reduce -1.3% 2.74% −0.31
WPM Wheaton Precious Metals Corp. Reduce -2.3% 3.49% −0.29
SLSR Solaris Resources Inc. Reduce -30.9% 0.46% −0.27
KW Kennedy-Wilson Holdings Inc. Sold out 0.00% −0.24
TFPM Triple Flag Precious Met Reduce -6.4% 1.08% −0.23
CEF Sprott Physical Gold and Sil Reduce -7.3% 0.94% −0.21
AEM Agnico Eagle Mines Ltd. Reduce -4.6% 4.23% −0.15
USAS Americas Gold and Silver Cor Reduce -33.6% 0.17% −0.13
ASA ASA Gold and Precious Metals Reduce -14.9% 0.38% −0.13
PPTA Perpetua Resources Corp. Reduce -3.7% 1.94% −0.11
AU Anglogold Ashanti PLC Reduce -2.0% 1.87% −0.10
METL Sprott Act Metals&miners ETF Reduce -16.3% 0.31% −0.10
AGI Alamos Gold Inc. Class A Reduce -3.4% 1.48% −0.09
SILJ Amplify Junior Silver Miners Reduce -80.9% 0.02% −0.09
SIL Global X Silver Miners ETF Reduce -37.1% 0.12% −0.09
DVS Dolly Varden Silver Ltd. Sold out 0.00% −0.08
SLV iShares Silver Trust Reduce -41.0% 0.09% −0.08
FNV Franco-Nevada Corp. Reduce -4.4% 1.71% −0.06
NEM Newmont Corp. Reduce -1.5% 0.54% −0.06
GBUG Sprott Active Gold & Silver Reduce -7.5% 0.23% −0.05
HYMC Hycroft Mining Holding Co. Class A Reduce -43.6% 0.12% −0.05
RGLD Royal Gold Inc. Reduce -0.6% 1.17% −0.04
ASM Avino Silver & Gold Mines Reduce -49.1% 0.03% −0.04
HL Hecla Mining Co. Reduce -9.7% 0.12% −0.04
GBTC Grayscale Bitcoin Trust ETF Reduce -18.8% 0.05% −0.04
ITRG Integra Resources Corp. Reduce -6.4% 0.04% −0.03
FSM Fortuna Mining Corp. Reduce -21.1% 0.07% −0.03
UROY Uranium Royalty Corp. Reduce -0.1% 0.18% −0.03
HP Helmerich & Payne Reduce -8.5% 0.94% −0.03
SGDM Sprott Gold Miners ETF Reduce -19.4% 0.07% −0.02
SPPP Sprott Physical Platinum And Reduce -2.0% 0.08% −0.02
SGDJ Sprott Jr. Gold Miners ETF Reduce -7.8% 0.09% −0.02
SIVR Abrdn Physical Silver Shares Reduce -8.9% 0.09% −0.02
GDX Vaneck Gold Miners ETF Reduce -0.5% 0.18% −0.02
CRUS Cirrus Logic Inc. Reduce -7.2% 0.39% −0.02

Portfolio Buys Q4 2025 → Q1 2026

SII Sprott Inc. Add +151.9% 18.21% +12.36
PAAS Pan American Silver Corp. Add +82.6% 2.37% +0.92
VNOM Viper Energy Inc. Class A Add +103.1% 0.92% +0.48
CF CF Industries Holdings Inc. Add +0.3% 0.94% +0.28
TPL Texas Pacific Land Corp. Add +24.1% 0.61% +0.26
XOM Exxon Mobil Corp. Add +2.0% 1.29% +0.23
PBR Petroleo Brasileiro-Spon ADR New 0.15% +0.15
HSLV Highlander Silver Corp. New 0.11% +0.11
MP MP Materials Corp. Add +141.1% 0.21% +0.10
NXE Nexgen Energy Ltd. Add +41.0% 0.25% +0.08
HRB H&R Block Inc. Add +230.0% 0.16% +0.08
SCZM Santacruz Silver Mining Ltd. New 0.08% +0.08
SLB SLB Ltd. Add +32.0% 0.22% +0.07
PPLT Abrdn Physical Platinum SHRS Add +57.9% 0.31% +0.07
CALM Cal-Maine Foods Inc. Add +30.2% 0.77% +0.07
ASC Ardmore Shipping Corp. New 0.06% +0.06
VMET Versamet Royalties Corp. New 0.06% +0.06
NE Noble Corp. PLC New 0.06% +0.06
LB Landbridge Co. LLC-A Add +15.7% 0.21% +0.06
DNN Denison Mines Corp. Add +37.2% 0.16% +0.06
SU Suncor Energy Inc. New 0.05% +0.05
FRO Frontline PLC New 0.05% +0.05
ALB Albemarle Corp. Add +64.5% 0.11% +0.05
SQM Quimica Y Minera Chil-SP ADR Add +42.6% 0.15% +0.04
TEN Tsakos Energy Navigation Ltd. Add +32.4% 0.09% +0.04
BWLP BW LPG Ltd. New 0.04% +0.04
CTGO Contango Silver & Gold Inc. New 0.04% +0.04
CNQ Canadian Natural Resources New 0.04% +0.04
CCJ Cameco Corp. Add +5.6% 0.68% +0.04
LPG Dorian LPG Ltd. New 0.04% +0.04
DHT DHT Holdings Inc. New 0.04% +0.04
UEC Uranium Energy Corp. Add +14.9% 0.31% +0.03
XLE SS Energy Select Sector Add +69.3% 0.07% +0.03
BTU Peabody Energy Corp. New 0.03% +0.03
INSW International Seaways Inc. Add +42.5% 0.07% +0.03
BVN Cia DE Minas Buenaventur-ADR Add +1.3% 0.29% +0.03
HBM Hudbay Minerals Inc. Add +65.5% 0.09% +0.03
HAFN Hafnia Ltd. Add +107.4% 0.05% +0.03
LNG Cheniere Energy Inc. Add +5.3% 0.11% +0.03
ECO Okeanis Eco Tankers Corp. New 0.02% +0.02
VALE Vale SA-SP ADR Add +59.5% 0.06% +0.02
STNG Scorpio Tankers Inc. New 0.02% +0.02
FCX Freeport-McMoran Inc. Add +28.8% 0.10% +0.02
DVN Devon Energy Corp. Add +55.2% 0.05% +0.02
CVX Chevron Corp. Add +61.3% 0.04% +0.02
SBSW Sibanye-Stillwater Ltd.-ADR New 0.02% +0.02
HSHP Himalaya Shipping Ltd. New 0.02% +0.02
DEC Diversified Energy Co. Add +112.0% 0.03% +0.02
COPP Sprott Copper Miners ETF Add +131.1% 0.03% +0.01
EQT Eqt Corp. New 0.01% +0.01

Options Activity Q4 2025 → Q1 2026

STATE STR SPDR S&P 500 ETF T put Reduce -3.7% 109,400 $71.1M
VANECK ETF TRUST put Add +14.5% 215,800 $25.9M
INVESCO QQQ TR put Reduce -20.6% 27,700 $16.0M
ISHARES TR call Reduce -56.7% 131,500 $12.6M
ISHARES SILVER TR call Sold out 90,000 $6.9Mbefore exit
AMPLIFY ETF TR put Add +666.8% 180,200 $5.4M
UNITED STS OIL FD LP put New 22,000 $2.8M
EQUINOX GOLD CORP call Reduce -0.8% 52,600 $761K
HECLA MINING COMPANY call New 13,000 $242K
SPDR SERIES TRUST put New 3,800 $209K
ENDEAVOUR SILVER CORP call Add +18.2% 13,000 $121K
PLATINUM GROUP METALS LTD call Sold out 20,000 $55Kbefore exit
LARGO INC call Reduce -26.7% 11,000 $12K
BARRICK MNG CORP call Add +39.2% 71,000 $0

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q4 2025 → Q1 2026

LZM.WS Lifezone Metals Ltd. -28 *W EXP 07/05/202 Reduce -2.4% 676,544 $277K
DC.WS Dakota Gold Corp.-26 *W EXP 03/15/202 Sold out 17,609 $64Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 246$3.0BSII, FUND, AEM, CDE, BIL
Q1 2026 223$3.3BSII, FUND, AEM, EQX, CDE
Q4 2025 201$2.8BSII, EQX, FUND, CDE, AEM
Q3 2025 190$2.7BCDE, AEM, SII, WPM, FUND
Q2 2025 192$2.0BAEM, FUND, SII, WPM, OR
Q1 2025 187$1.7BAEM, FUND, WPM, PAAS, SII
Q4 2024 181$1.5BFUND, AEM, SII, SILV, OR
Q3 2024 145$1.6BFUND, AEM, SILV, OR, SII
Q2 2024 136$1.3BFUND, AEM, SILV, SII, PAAS
Q1 2024 137$1.4BFUND, AEM, OR, SII, SILV