TSP Capital Management Group, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 30, 2025), TSP Capital Management Group, LLC reported 47 stock positions worth $294.4 million. Its top holding was Maui Land & Pineapple (MLP) at 8.3% of the portfolio, followed by Cia Energetica DE-Spon ADR (CIG, 5.5%) and Mannkind (MNKD, 5.5%). Compared with Q3 2024, it added to 13 and reduced 22. The biggest buy was Adeia (ADEA, shares +0%) and the biggest sale Eli Lilly (LLY, shares −24%).
- Most Recent 13F
- Q2 2026
- Location
- Summit, NJ
- CIK
- 0001317208
- Portfolio Value
- $294.4M (Q4 2024)
- SEC Filing
- 0001172661-25-000419 ↗ filed Jan 30, 2025
Holdings Value
Holdings 47 stocks · $294.4M
| MLP Maui Land & Pineapple Co. filed as MAUI LD & PINEAPPLE INC | 8.28% | 1,109,481 | $24.4M | Reduce -0.6% |
| CIG Cia Energetica DE-Spon ADR | 5.54% | 9,211,944 | $16.3M | Reduce -0.2% |
| MNKD Mannkind Corp. | 5.50% | 2,519,750 | $16.2M | Add +0.2% |
| NGD New Gold Inc. | 5.50% | 6,525,950 | $16.2M | Reduce -0.8% |
| ADEA Adeia Inc. | 4.91% | 1,033,183 | $14.4M | Add +0.1% |
| SLV iShares Silver Trust | 4.23% | 472,580 | $12.4M | Reduce -0.7% |
| CWCO Consolidated Water Co.-Ord SH | 4.21% | 479,175 | $12.4M | Add +1.5% |
| CTVA Corteva Inc. | 4.16% | 215,300 | $12.3M | Reduce -0.1% |
| XYL Xylem Inc. | 4.06% | 102,950 | $11.9M | Reduce -4.8% |
| BVN Cia DE Minas Buenaventur-ADR filed as COMPANIA DE MINAS BUENAVENTU | 3.95% | 1,009,243 | $11.6M | Reduce -0.2% |
| GLD SPDR Gold Shares | 3.77% | 45,789 | $11.1M | Add +0.0% |
| LLY Eli Lilly & Co. | 3.73% | 14,240 | $11.0M | Reduce -23.8% |
| NVAX Novavax Inc. | 3.71% | 1,358,565 | $10.9M | Add +0.6% |
| NOK Nokia Corp.-Spon ADR | 3.42% | 2,272,942 | $10.1M | Add +3.2% |
| WM Waste Management Inc. | 2.90% | 42,340 | $8.5M | Reduce -0.8% |
| FCX Freeport-McMoran Inc. | 2.80% | 216,355 | $8.2M | No change |
| SSYS Stratasys Ltd. | 2.58% | 855,800 | $7.6M | Add +0.1% |
| TMQ Trilogy Metals Inc. | 2.06% | 5,222,500 | $6.1M | No change |
| BGH Barings GLBL SHRT Dur Hi YLD | 1.98% | 377,741 | $5.8M | Reduce -0.7% |
| MSEX Middlesex Water Co. | 1.95% | 109,288 | $5.8M | Reduce -0.3% |
| CLDX Celldex Therapeutics Inc. | 1.92% | 223,343 | $5.6M | Reduce -9.9% |
| WBD Warner Bros Discovery Inc. | 1.71% | 475,923 | $5.0M | Reduce -8.9% |
| MPV Barings Participation Invest | 1.70% | 293,195 | $5.0M | Reduce -0.6% |
| WU Western Union Co. | 1.64% | 455,323 | $4.8M | Reduce -12.3% |
| NEM Newmont Corp. | 1.58% | 124,609 | $4.6M | Add +0.1% |
| CDE Coeur Mining Inc. | 1.38% | 712,100 | $4.1M | Reduce -0.6% |
| AMX America Movil Sab DE CV | 1.24% | 256,014 | $3.7M | Reduce -2.6% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 1.21% | 1,075,175 | $3.5M | Add +8.2% |
| KYN Kayne Anderson Energy Infra | 1.17% | 270,675 | $3.4M | Reduce -0.9% |
| MRK Merck & Co. Inc. | 1.04% | 30,726 | $3.1M | No change |
| XPER Xperi Inc. | 0.87% | 248,808 | $2.6M | Add +3.3% |
| HPI John Hancock Prefer Inc. | 0.74% | 130,215 | $2.2M | Add +2.5% |
| DUK Duke Energy Corp. | 0.64% | 17,586 | $1.9M | Add +0.0% |
| ENB Enbridge Inc. | 0.64% | 44,619 | $1.9M | Reduce -0.3% |
| MCI Barings Corporate Investors | 0.60% | 87,293 | $1.8M | Reduce -0.7% |
| AWK American Water Works Co. Inc. | 0.42% | 9,925 | $1.2M | No change |
| PFE Pfizer Inc. | 0.40% | 44,700 | $1.2M | No change |
| BMY Bristol-Myers Squibb Co. | 0.40% | 20,742 | $1.2M | Reduce -3.9% |
| KRP Kimbell Royalty Partners LP | 0.37% | 67,850 | $1.1M | Reduce -1.4% |
| GLW Corning Inc. | 0.24% | 15,000 | $713K | No change |
| CSCO Cisco Systems Inc. | 0.23% | 11,450 | $678K | No change |
| PBI Pitney Bowes Inc. | 0.17% | 69,200 | $501K | No change |
| SAND Sandstorm Gold Ltd. | 0.15% | 77,500 | $432K | No change |
| WY Weyerhaeuser Co. | 0.12% | 12,861 | $362K | Add +2.0% |
| CAG Conagra Brands Inc. | 0.11% | 11,850 | $329K | No change |
| ASSERTIO HOLDINGS INC | 0.06% | 216,625 | $189K | No change |
| LICYQ Li-Cycle Holdings Corp. | 0.01% | 10,500 | $19K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| LLY Eli Lilly & Co. | Reduce -23.8% | 3.73% | −1.38 |
| CLDX Celldex Therapeutics Inc. | Reduce -9.9% | 1.92% | −0.69 |
| XYL Xylem Inc. | Reduce -4.8% | 4.06% | −0.46 |
| BVN Cia DE Minas Buenaventur-ADR | Reduce -0.2% | 3.95% | −0.38 |
| NGD New Gold Inc. | Reduce -0.8% | 5.50% | −0.36 |
| CIG Cia Energetica DE-Spon ADR | Reduce -0.2% | 5.54% | −0.34 |
| WU Western Union Co. | Reduce -12.3% | 1.64% | −0.28 |
| MSEX Middlesex Water Co. | Reduce -0.3% | 1.95% | −0.26 |
| CDE Coeur Mining Inc. | Reduce -0.6% | 1.38% | −0.14 |
| AMX America Movil Sab DE CV | Reduce -2.6% | 1.24% | −0.09 |
| KRP Kimbell Royalty Partners LP | Reduce -1.4% | 0.37% | +0.03 |
| SLV iShares Silver Trust | Reduce -0.7% | 4.23% | +0.04 |
| BMY Bristol-Myers Squibb Co. | Reduce -3.9% | 0.40% | +0.05 |
| MCI Barings Corporate Investors | Reduce -0.7% | 0.60% | +0.06 |
| ENB Enbridge Inc. | Reduce -0.3% | 0.64% | +0.08 |
| MPV Barings Participation Invest | Reduce -0.6% | 1.70% | +0.16 |
| WM Waste Management Inc. | Reduce -0.8% | 2.90% | +0.16 |
| BGH Barings GLBL SHRT Dur Hi YLD | Reduce -0.7% | 1.98% | +0.20 |
| KYN Kayne Anderson Energy Infra | Reduce -0.9% | 1.17% | +0.24 |
| CTVA Corteva Inc. | Reduce -0.1% | 4.16% | +0.25 |
| WBD Warner Bros Discovery Inc. | Reduce -8.9% | 1.71% | +0.38 |
| MLP Maui Land & Pineapple Co. | Reduce -0.6% | 8.28% | +0.53 |
Portfolio Buys Q3 2024 → Q4 2024
| ADEA Adeia Inc. | Add +0.1% | 4.91% | +1.10 |
| MNKD Mannkind Corp. | Add +0.2% | 5.50% | +0.61 |
| CWCO Consolidated Water Co.-Ord SH | Add +1.5% | 4.21% | +0.53 |
| NOK Nokia Corp.-Spon ADR | Add +3.2% | 3.42% | +0.44 |
| SSYS Stratasys Ltd. | Add +0.1% | 2.58% | +0.39 |
| GLD SPDR Gold Shares | Add +0.0% | 3.77% | +0.32 |
| XPER Xperi Inc. | Add +3.3% | 0.87% | +0.18 |
| DUK Duke Energy Corp. | Add +0.0% | 0.64% | +0.02 |
| HPI John Hancock Prefer Inc. | Add +2.5% | 0.74% | −0.01 |
| WY Weyerhaeuser Co. | Add +2.0% | 0.12% | −0.01 |
| SBSW Sibanye-Stillwater Ltd.-ADR | Add +8.2% | 1.21% | −0.06 |
| NEM Newmont Corp. | Add +0.1% | 1.58% | −0.48 |
| NVAX Novavax Inc. | Add +0.6% | 3.71% | −1.57 |
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 |