TSP Capital Management Group, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 30, 2024), TSP Capital Management Group, LLC reported 48 stock positions worth $310.7 million. Its top holding was Maui Land & Pineapple (MLP) at 8.4% of the portfolio, followed by Cia DE Minas Buenaventur-ADR (BVN, 6.3%) and New Gold (NGD, 5.9%). Compared with Q4 2023, it opened 1 new position, added to 17 and reduced 22. The biggest buy was a new position in Mannkind (MNKD) and the biggest sale Consolidated Water Co.-Ord SH (CWCO, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- Summit, NJ
- CIK
- 0001317208
- Portfolio Value
- $310.7M (Q1 2024)
- SEC Filing
- 0001172661-24-001958 ↗ filed Apr 30, 2024
Holdings Value
Holdings 48 stocks · $310.7M
| MLP Maui Land & Pineapple Co. filed as MAUI LD & PINEAPPLE INC | 8.37% | 1,200,530 | $26.0M | Reduce -2.2% |
| BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU | 6.34% | 1,240,594 | $19.7M | Reduce -4.6% |
| NGD New Gold Inc. | 5.95% | 10,869,000 | $18.5M | Reduce -0.2% |
| CIG Cia Energetica DE-Spon ADR | 5.81% | 7,312,865 | $18.1M | Reduce -0.3% |
| LLY Eli Lilly & Co. | 5.10% | 20,350 | $15.8M | Reduce -0.3% |
| XYL Xylem Inc. | 4.70% | 113,065 | $14.6M | Reduce -1.0% |
| CWCO Consolidated Water Co.-Ord SH | 4.64% | 492,225 | $14.4M | Reduce -1.8% |
| CTVA Corteva Inc. | 4.01% | 215,802 | $12.4M | Reduce -4.3% |
| AMX America Movil Sab DE CV | 3.74% | 622,816 | $11.6M | Reduce -0.0% |
| SLV iShares Silver Trust | 3.64% | 497,250 | $11.3M | Reduce -1.1% |
| ADEA Adeia Inc. | 3.61% | 1,026,766 | $11.2M | Add +1.0% |
| WBD Warner Bros Discovery Inc. | 3.47% | 1,236,248 | $10.8M | Add +1.6% |
| FCX Freeport-McMoran Inc. | 3.38% | 223,030 | $10.5M | Reduce -0.1% |
| CLDX Celldex Therapeutics Inc. | 3.37% | 249,220 | $10.5M | Reduce -0.9% |
| WM Waste Management Inc. | 3.32% | 48,450 | $10.3M | No change |
| GLD SPDR Gold Shares | 3.28% | 49,490 | $10.2M | Reduce -4.7% |
| NOK Nokia Corp.-Spon ADR | 2.48% | 2,179,467 | $7.7M | Add +89.2% |
| NVAX Novavax Inc. | 2.12% | 1,376,950 | $6.6M | Add +23.9% |
| MSEX Middlesex Water Co. | 1.90% | 112,632 | $5.9M | Reduce -0.8% |
| BGH Barings GLBL SHRT Dur Hi YLD | 1.80% | 391,653 | $5.6M | Add +0.2% |
| SSYS Stratasys Ltd. | 1.60% | 427,400 | $5.0M | Add +0.2% |
| MPV Barings Participation Invest | 1.59% | 306,653 | $4.9M | Reduce -0.1% |
| NEM Newmont Corp. | 1.52% | 131,700 | $4.7M | Reduce -26.1% |
| MRK Merck & Co. Inc. | 1.48% | 34,876 | $4.6M | Reduce -0.3% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 1.44% | 949,225 | $4.5M | Add +0.1% |
| MNKD Mannkind Corp. | 1.18% | 808,100 | $3.7M | New |
| CDE Coeur Mining Inc. | 1.14% | 942,800 | $3.6M | Add +214.3% |
| XPER Xperi Inc. | 1.11% | 284,790 | $3.4M | Add +23.1% |
| KYN Kayne Anderson Energy Infra | 0.90% | 280,725 | $2.8M | Add +0.8% |
| WU Western Union Co. | 0.84% | 187,006 | $2.6M | Add +2.8% |
| TMQ Trilogy Metals Inc. | 0.81% | 5,027,500 | $2.5M | Add +5.1% |
| HPI John Hancock Prefer Inc. | 0.67% | 125,465 | $2.1M | Add +10.5% |
| DUK Duke Energy Corp. | 0.61% | 19,698 | $1.9M | Reduce -9.2% |
| ENB Enbridge Inc. | 0.53% | 45,546 | $1.6M | Reduce -0.1% |
| BMY Bristol-Myers Squibb Co. | 0.50% | 28,550 | $1.5M | Reduce -0.8% |
| MCI Barings Corporate Investors | 0.49% | 89,417 | $1.5M | Add +0.4% |
| AWK American Water Works Co. Inc. | 0.41% | 10,525 | $1.3M | No change |
| PFE Pfizer Inc. | 0.40% | 44,700 | $1.2M | No change |
| XOM Exxon Mobil Corp. | 0.40% | 10,643 | $1.2M | Add +0.0% |
| KRP Kimbell Royalty Partners LP | 0.34% | 69,000 | $1.1M | Reduce -4.2% |
| CSCO Cisco Systems Inc. | 0.21% | 12,850 | $641K | No change |
| GLW Corning Inc. | 0.16% | 15,000 | $494K | No change |
| CAG Conagra Brands Inc. | 0.15% | 15,850 | $470K | Reduce -2.2% |
| WY Weyerhaeuser Co. | 0.14% | 12,461 | $447K | Add +7.8% |
| SAND Sandstorm Gold Ltd. | 0.13% | 77,500 | $407K | No change |
| PBI Pitney Bowes Inc. | 0.10% | 69,200 | $300K | No change |
| ASSERTIO HOLDINGS INC | 0.07% | 214,500 | $206K | Add +18.5% |
| LICYQ Li-Cycle Holdings Corp. | 0.03% | 84,000 | $87K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| CWCO Consolidated Water Co.-Ord SH | Reduce -1.8% | 4.64% | −1.54 |
| NEM Newmont Corp. | Reduce -26.1% | 1.52% | −1.04 |
| MSEX Middlesex Water Co. | Reduce -0.8% | 1.90% | −0.68 |
| BVN Cia DE Minas Buenaventur-ADR | Reduce -4.6% | 6.34% | −0.52 |
| AMX America Movil Sab DE CV | Reduce -0.0% | 3.74% | −0.26 |
| GLD SPDR Gold Shares | Reduce -4.7% | 3.28% | −0.16 |
| SLV iShares Silver Trust | Reduce -1.1% | 3.64% | −0.15 |
| DUK Duke Energy Corp. | Reduce -9.2% | 0.61% | −0.12 |
| CLDX Celldex Therapeutics Inc. | Reduce -0.9% | 3.37% | −0.09 |
| CIG Cia Energetica DE-Spon ADR | Reduce -0.3% | 5.81% | −0.08 |
| MPV Barings Participation Invest | Reduce -0.1% | 1.59% | −0.07 |
| ENB Enbridge Inc. | Reduce -0.1% | 0.53% | −0.04 |
| KRP Kimbell Royalty Partners LP | Reduce -4.2% | 0.34% | −0.03 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.8% | 0.50% | −0.01 |
| CAG Conagra Brands Inc. | Reduce -2.2% | 0.15% | −0.01 |
| FCX Freeport-McMoran Inc. | Reduce -0.1% | 3.38% | +0.08 |
| MRK Merck & Co. Inc. | Reduce -0.3% | 1.48% | +0.16 |
| XYL Xylem Inc. | Reduce -1.0% | 4.70% | +0.18 |
| CTVA Corteva Inc. | Reduce -4.3% | 4.01% | +0.26 |
| NGD New Gold Inc. | Reduce -0.2% | 5.95% | +0.44 |
| LLY Eli Lilly & Co. | Reduce -0.3% | 5.10% | +0.98 |
| MLP Maui Land & Pineapple Co. | Reduce -2.2% | 8.37% | +1.61 |
Portfolio Buys Q4 2023 → Q1 2024
| MNKD Mannkind Corp. | New | 1.18% | +1.18 |
| NOK Nokia Corp.-Spon ADR | Add +89.2% | 2.48% | +1.12 |
| CDE Coeur Mining Inc. | Add +214.3% | 1.14% | +0.81 |
| NVAX Novavax Inc. | Add +23.9% | 2.12% | +0.27 |
| XPER Xperi Inc. | Add +23.1% | 1.11% | +0.22 |
| TMQ Trilogy Metals Inc. | Add +5.1% | 0.81% | +0.10 |
| WU Western Union Co. | Add +2.8% | 0.84% | +0.09 |
| KYN Kayne Anderson Energy Infra | Add +0.8% | 0.90% | +0.06 |
| HPI John Hancock Prefer Inc. | Add +10.5% | 0.67% | +0.05 |
| XOM Exxon Mobil Corp. | Add +0.0% | 0.40% | +0.03 |
| WY Weyerhaeuser Co. | Add +7.8% | 0.14% | +0.00 |
| ASSERTIO HOLDINGS INC | Add +18.5% | 0.07% | −0.00 |
| BGH Barings GLBL SHRT Dur Hi YLD | Add +0.2% | 1.80% | −0.02 |
| MCI Barings Corporate Investors | Add +0.4% | 0.49% | −0.07 |
| SBSW Sibanye-Stillwater Ltd.-ADR | Add +0.1% | 1.44% | −0.34 |
| SSYS Stratasys Ltd. | Add +0.2% | 1.60% | −0.51 |
| ADEA Adeia Inc. | Add +1.0% | 3.61% | −0.76 |
| WBD Warner Bros Discovery Inc. | Add +1.6% | 3.47% | −1.32 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 43 | $418.0M | ADEA, CDE, NOK, TMQ, BVN |
| Q1 2026 | 0 | $0 | |
| Q4 2025 | 0 | $0 | |
| Q3 2025 | 44 | $373.7M | NGD, BVN, MLP, SBSW, CIG |
| Q2 2025 | 0 | $0 | |
| Q1 2025 | 46 | $303.9M | NGD, MLP, CIG, BVN, SLV |
| Q4 2024 | 47 | $294.4M | MLP, CIG, MNKD, NGD, ADEA |
| Q3 2024 | 47 | $323.3M | MLP, CIG, NGD, NVAX, LLY |
| Q2 2024 | 48 | $319.0M | MLP, NGD, NVAX, BVN, LLY |
| Q1 2024 | 48 | $310.7M | MLP, BVN, NGD, CIG, LLY |