TSP Capital Management Group, LLC

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 31, 2026), TSP Capital Management Group, LLC reported 43 stock positions worth $418.0 million. Its top holding was Adeia (ADEA) at 7.0% of the portfolio, followed by Coeur Mining (CDE, 6.8%) and Nokia Corp.-Spon ADR (NOK, 6.5%). Compared with Q1 2026, it opened 43 new positions. The biggest buy was a new position in Adeia (ADEA).

Most Recent 13F
Q2 2026
Location
Summit, NJ
CIK
0001317208
Portfolio Value
$418.0M (Q2 2026)
SEC Filing
0001172661-26-002994 ↗ filed Jul 31, 2026

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $310.7M Q1 2024 Q2 2024: $319.0M Q2 2024 Q3 2024: $323.3M Q3 2024 Q4 2024: $294.4M Q4 2024 Q1 2025: $303.9M Q1 2025 Q2 2025: $0 Q2 2025 Q3 2025: $373.7M Q3 2025 Q4 2025: $0 Q4 2025 Q1 2026: $0 Q1 2026 Q2 2026: $418.0M $418.0M Q2 2026

Holdings 43 stocks · $418.0M
ADEA Adeia Inc. 6.98% 885,551 $29.2M New
CDE Coeur Mining Inc. 6.78% 1,736,886 $28.3M New
NOK Nokia Corp.-Spon ADR 6.53% 2,056,442 $27.3M New
TMQ Trilogy Metals Inc. 5.69% 6,777,100 $23.8M New
BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU 4.85% 692,369 $20.3M New
MLP Maui Land & Pineapple Co. filed as MAUI LD & PINEAPPLE INC 4.67% 1,098,901 $19.5M New
CIG Cia Energetica DE-Spon ADR 4.58% 9,123,551 $19.2M New
CTVA Corteva Inc. 4.29% 211,579 $17.9M New
MNKD Mannkind Corp. 4.05% 3,972,675 $16.9M New
SLV iShares Silver Trust 3.39% 264,925 $14.2M New
CWCO Consolidated Water Co.-Ord SH 3.38% 479,200 $14.1M New
CLDX Celldex Therapeutics Inc. 3.30% 371,127 $13.8M New
FCX Freeport-McMoran Inc. 3.21% 213,575 $13.4M New
NVAX Novavax Inc. 3.20% 1,419,365 $13.4M New
MSEX Middlesex Water Co. 2.84% 211,037 $11.9M New
XYL Xylem Inc. 2.49% 88,018 $10.4M New
NEM Newmont Corp. 2.32% 103,966 $9.7M New
GWRS Global Water Resources Inc. 2.32% 1,340,305 $9.7M New
SSYS Stratasys Ltd. 2.28% 1,111,050 $9.5M New
SBSW Sibanye-Stillwater Ltd.-ADR 2.23% 1,097,375 $9.3M New
WM Waste Management Inc. 2.21% 41,465 $9.2M New
WU Western Union Co. 2.07% 1,125,159 $8.7M New
AWK American Water Works Co. Inc. 2.00% 63,410 $8.3M New
GLD SPDR Gold Shares 1.80% 20,414 $7.5M New
XPER Xperi Inc. 1.73% 879,076 $7.2M New
WBD Warner Bros Discovery Inc. 1.36% 213,942 $5.7M New
BGH Barings GLBL SHRT Dur Hi YLD 1.36% 402,228 $5.7M New
AMX America Movil Sab DE CV 1.18% 189,121 $4.9M New
MRK Merck & Co. Inc. 1.16% 37,594 $4.8M New
MPV Barings Participation Invest 1.11% 276,671 $4.7M New
KYN Kayne Anderson Energy Infra 0.90% 270,525 $3.7M New
HPI John Hancock Prefer Inc. 0.79% 202,635 $3.3M New
ENB Enbridge Inc. 0.57% 44,251 $2.4M New
DUK Duke Energy Corp. 0.53% 17,627 $2.2M New
MCI Barings Corporate Investors 0.36% 86,732 $1.5M New
CSCO Cisco Systems Inc. 0.31% 11,100 $1.3M New
PBI Pitney Bowes Inc. 0.26% 61,300 $1.1M New
KRP Kimbell Royalty Partners LP 0.24% 67,850 $986K New
MDT Medtronic PLC 0.19% 10,200 $798K New
BMY Bristol-Myers Squibb Co. 0.17% 12,175 $702K New
PFE Pfizer Inc. 0.16% 27,500 $662K New
WY Weyerhaeuser Co. 0.12% 20,811 $498K New
CAG Conagra Brands Inc. 0.04% 13,650 $184K New

Portfolio Sells Q1 2026 → Q2 2026
None this quarter.

Portfolio Buys Q1 2026 → Q2 2026
ADEA Adeia Inc. New 6.98% +6.98
CDE Coeur Mining Inc. New 6.78% +6.78
NOK Nokia Corp.-Spon ADR New 6.53% +6.53
TMQ Trilogy Metals Inc. New 5.69% +5.69
BVN Cia DE Minas Buenaventur-ADR New 4.85% +4.85
MLP Maui Land & Pineapple Co. New 4.67% +4.67
CIG Cia Energetica DE-Spon ADR New 4.58% +4.58
CTVA Corteva Inc. New 4.29% +4.29
MNKD Mannkind Corp. New 4.05% +4.05
SLV iShares Silver Trust New 3.39% +3.39
CWCO Consolidated Water Co.-Ord SH New 3.38% +3.38
CLDX Celldex Therapeutics Inc. New 3.30% +3.30
FCX Freeport-McMoran Inc. New 3.21% +3.21
NVAX Novavax Inc. New 3.20% +3.20
MSEX Middlesex Water Co. New 2.84% +2.84
XYL Xylem Inc. New 2.49% +2.49
NEM Newmont Corp. New 2.32% +2.32
GWRS Global Water Resources Inc. New 2.32% +2.32
SSYS Stratasys Ltd. New 2.28% +2.28
SBSW Sibanye-Stillwater Ltd.-ADR New 2.23% +2.23
WM Waste Management Inc. New 2.21% +2.21
WU Western Union Co. New 2.07% +2.07
AWK American Water Works Co. Inc. New 2.00% +2.00
GLD SPDR Gold Shares New 1.80% +1.80
XPER Xperi Inc. New 1.73% +1.73
WBD Warner Bros Discovery Inc. New 1.36% +1.36
BGH Barings GLBL SHRT Dur Hi YLD New 1.36% +1.36
AMX America Movil Sab DE CV New 1.18% +1.18
MRK Merck & Co. Inc. New 1.16% +1.16
MPV Barings Participation Invest New 1.11% +1.11
KYN Kayne Anderson Energy Infra New 0.90% +0.90
HPI John Hancock Prefer Inc. New 0.79% +0.79
ENB Enbridge Inc. New 0.57% +0.57
DUK Duke Energy Corp. New 0.53% +0.53
MCI Barings Corporate Investors New 0.36% +0.36
CSCO Cisco Systems Inc. New 0.31% +0.31
PBI Pitney Bowes Inc. New 0.26% +0.26
KRP Kimbell Royalty Partners LP New 0.24% +0.24
MDT Medtronic PLC New 0.19% +0.19
BMY Bristol-Myers Squibb Co. New 0.17% +0.17
PFE Pfizer Inc. New 0.16% +0.16
WY Weyerhaeuser Co. New 0.12% +0.12
CAG Conagra Brands Inc. New 0.04% +0.04

Notes & Other Activity Q1 2026 → Q2 2026
CDE Coeur Mining Inc. COM NEW · principal Sold out 1,739,411 $32.6Mbefore exit
BVN Cia DE Minas Buenaventur-ADR SPONSORED ADR · principal Sold out 693,133 $25.0Mbefore exit
ADEA Adeia Inc. COM · principal Sold out 1,011,627 $24.3Mbefore exit
TMQ Trilogy Metals Inc. COM · principal Sold out 6,754,500 $24.2Mbefore exit
CIG Cia Energetica DE-Spon ADR SP ADR N-V PFD · principal Sold out 9,123,551 $21.8Mbefore exit
NOK Nokia Corp.-Spon ADR SPONSORED ADR · principal Sold out 2,495,192 $20.1Mbefore exit
SLV iShares Silver Trust ISHARES · principal Sold out 264,925 $18.1Mbefore exit
CTVA Corteva Inc. COM · principal Sold out 211,598 $17.7Mbefore exit
MLP Maui Land & Pineapple Co. COM · principal Sold out 1,102,001 $17.0Mbefore exit
CWCO Consolidated Water Co.-Ord SH ORD · principal Sold out 479,200 $15.9Mbefore exit
FCX Freeport-McMoran Inc. CL B · principal Sold out 213,925 $12.6Mbefore exit
SBSW Sibanye-Stillwater Ltd.-ADR SPONSORED ADR · principal Sold out 972,375 $12.0Mbefore exit
CLDX Celldex Therapeutics Inc. COM NEW · principal Sold out 375,127 $11.9Mbefore exit
NVAX Novavax Inc. COM NEW · principal Sold out 1,390,565 $11.3Mbefore exit
NEM Newmont Corp. COM · principal Sold out 103,966 $11.3Mbefore exit
MSEX Middlesex Water Co. COM · principal Sold out 210,332 $10.9Mbefore exit
XYL Xylem Inc. COM · principal Sold out 88,014 $10.5Mbefore exit
WU Western Union Co. COM · principal Sold out 1,091,864 $9.5Mbefore exit
WM Waste Management Inc. COM · principal Sold out 41,465 $9.5Mbefore exit
GWRS Global Water Resources Inc. COM · principal Sold out 1,182,144 $9.0Mbefore exit
GLD SPDR Gold Shares GOLD SHS · principal Sold out 20,414 $8.8Mbefore exit
SSYS Stratasys Ltd. SHS · principal Sold out 1,110,850 $8.7Mbefore exit
MNKD Mannkind Corp. COM NEW · principal Sold out 3,343,975 $8.2Mbefore exit
AWK American Water Works Co. Inc. COM · principal Sold out 57,210 $7.8Mbefore exit
WBD Warner Bros Discovery Inc. COM SER A · principal Sold out 214,392 $5.9Mbefore exit
BGH Barings GLBL SHRT Dur Hi YLD COM · principal Sold out 409,027 $5.6Mbefore exit
AMX America Movil Sab DE CV SPON ADS RP CL B · principal Sold out 189,121 $4.8Mbefore exit
MPV Barings Participation Invest SH BEN INT · principal Sold out 276,559 $4.7Mbefore exit
XPER Xperi Inc. COMMON STOCK · principal Sold out 821,294 $4.6Mbefore exit
MRK Merck & Co. Inc. COM · principal Sold out 37,594 $4.5Mbefore exit
KYN Kayne Anderson Energy Infra COM · principal Sold out 270,525 $3.9Mbefore exit
HPI John Hancock Prefer Inc. SH BEN INT · principal Sold out 201,710 $3.2Mbefore exit
ENB Enbridge Inc. COM · principal Sold out 44,251 $2.4Mbefore exit
DUK Duke Energy Corp. COM NEW · principal Sold out 17,620 $2.3Mbefore exit
GLW Corning Inc. COM · principal Sold out 12,500 $1.7Mbefore exit
MCI Barings Corporate Investors COM · principal Sold out 82,286 $1.4Mbefore exit
KRP Kimbell Royalty Partners LP UNIT · principal Sold out 67,850 $982Kbefore exit
MDT Medtronic PLC SHS · principal Sold out 10,700 $927Kbefore exit
CSCO Cisco Systems Inc. COM · principal Sold out 11,300 $877Kbefore exit
PFE Pfizer Inc. COM · principal Sold out 28,500 $800Kbefore exit
BMY Bristol-Myers Squibb Co. COM · principal Sold out 12,175 $738Kbefore exit
PBI Pitney Bowes Inc. COM · principal Sold out 62,800 $694Kbefore exit
WY Weyerhaeuser Co. COM NEW · principal Sold out 20,811 $508Kbefore exit
ASRT Assertio Holdings Inc. COM NEW · principal Sold out 25,056 $478Kbefore exit
CAG Conagra Brands Inc. COM · principal Sold out 13,650 $215Kbefore exit

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 43$418.0MADEA, CDE, NOK, TMQ, BVN
Q1 2026 0$0
Q4 2025 0$0
Q3 2025 44$373.7MNGD, BVN, MLP, SBSW, CIG
Q2 2025 0$0
Q1 2025 46$303.9MNGD, MLP, CIG, BVN, SLV
Q4 2024 47$294.4MMLP, CIG, MNKD, NGD, ADEA
Q3 2024 47$323.3MMLP, CIG, NGD, NVAX, LLY
Q2 2024 48$319.0MMLP, NGD, NVAX, BVN, LLY
Q1 2024 48$310.7MMLP, BVN, NGD, CIG, LLY