TSP Capital Management Group, LLC In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 11, 2025), TSP Capital Management Group, LLC reported 0 stock positions worth $0 . Compared with Q1 2025, it sold out of 46. The biggest sale was an exit from New Gold (NGD).
Location Summit, NJ
CIK 0001317208
Portfolio Value $0 (Q2 2025) Holdings 0 stocks · $0 Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2025 None this quarter.
Other holdings (44): bonds, preferreds, convertibles and warrants · $318.6M (not counted above) Security Class Shares / Principal Value Change NGD New Gold Inc. COM · principal 4,525,726 $22.4M New MLP Maui Land & Pineapple Co. COM · principal 1,099,641 $20.0M New CIG Cia Energetica DE-Spon ADR SP ADR N-V PFD · principal 9,130,696 $17.9M New BVN Cia DE Minas Buenaventur-ADR SPONSORED ADR · principal 1,003,017 $16.5M New CTVA Corteva Inc. COM · principal 215,054 $16.0M New SLV iShares Silver Trust ISHARES · principal 465,875 $15.3M New CWCO Consolidated Water Co.-Ord SH ORD · principal 486,225 $14.6M New ADEA Adeia Inc. COM · principal 997,478 $14.1M New GLD SPDR Gold Shares GOLD SHS · principal 43,214 $13.2M New SBSW Sibanye-Stillwater Ltd.-ADR SPONSORED ADR · principal 1,820,675 $13.1M New XYL Xylem Inc. COM · principal 99,933 $12.9M New NOK Nokia Corp.-Spon ADR SPONSORED ADR · principal 2,273,192 $11.8M New MNKD Mannkind Corp. COM NEW · principal 2,982,575 $11.2M New SSYS Stratasys Ltd. SHS · principal 920,900 $10.6M New WM Waste Management Inc. COM · principal 41,965 $9.6M New FCX Freeport-McMoran Inc. CL B · principal 215,925 $9.4M New NVAX Novavax Inc. COM NEW · principal 1,399,065 $8.8M New TMQ Trilogy Metals Inc. COM · principal 6,152,500 $8.3M New CLDX Celldex Therapeutics Inc. COM NEW · principal 371,427 $7.6M New NEM Newmont Corp. COM · principal 124,609 $7.3M New MSEX Middlesex Water Co. COM · principal 111,720 $6.1M New CDE Coeur Mining Inc. COM NEW · principal 656,125 $5.8M New MPV Barings Participation Invest SH BEN INT · principal 285,515 $5.7M New WBD Warner Bros Discovery Inc. COM SER A · principal 473,573 $5.4M New BGH Barings GLBL SHRT Dur Hi YLD COM · principal 329,773 $5.1M New WU Western Union Co. COM · principal 440,343 $3.7M New AMX America Movil Sab DE CV SPON ADS RP CL B · principal 193,421 $3.5M New KYN Kayne Anderson Energy Infra COM · principal 264,825 $3.4M New MRK Merck & Co. Inc. COM · principal 36,826 $2.9M New DUK Duke Energy Corp. COM NEW · principal 17,600 $2.1M New HPI John Hancock Prefer Inc. SH BEN INT · principal 129,110 $2.1M New ENB Enbridge Inc. COM · principal 44,449 $2.0M New XPER Xperi Inc. COMMON STOCK · principal 244,138 $1.9M New MCI Barings Corporate Investors COM · principal 86,411 $1.9M New PFE Pfizer Inc. COM · principal 44,100 $1.1M New KRP Kimbell Royalty Partners LP UNIT · principal 67,850 $947K New BMY Bristol-Myers Squibb Co. COM · principal 17,575 $814K New GLW Corning Inc. COM · principal 15,000 $789K New CSCO Cisco Systems Inc. COM · principal 11,350 $787K New SAND Sandstorm Gold Ltd. COM NEW · principal 77,500 $729K New PBI Pitney Bowes Inc. COM · principal 63,900 $697K New WY Weyerhaeuser Co. COM NEW · principal 13,111 $337K New CAG Conagra Brands Inc. COM · principal 11,250 $230K New ASSERTIO HOLDINGS INC COM NEW · principal 316,875 $203K New
Total filed on the 13F, all lines: $318.6M.
Portfolio Sells Q1 2025 → Q2 2025 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▲ NGD New Gold Inc. Sold out — −6.97 MLP Maui Land & Pineapple Co. Sold out — −6.37 CIG Cia Energetica DE-Spon ADR Sold out — −5.32 BVN Cia DE Minas Buenaventur-ADR Sold out — −5.17 SLV iShares Silver Trust Sold out — −4.77 MNKD Mannkind Corp. Sold out — −4.60 CTVA Corteva Inc. Sold out — −4.46 ADEA Adeia Inc. Sold out — −4.35 GLD SPDR Gold Shares Sold out — −4.10 NOK Nokia Corp.-Spon ADR Sold out — −3.95 XYL Xylem Inc. Sold out — −3.94 CWCO Consolidated Water Co.-Ord SH Sold out — −3.91 WM Waste Management Inc. Sold out — −3.21 SSYS Stratasys Ltd. Sold out — −2.95 NVAX Novavax Inc. Sold out — −2.85 FCX Freeport-McMoran Inc. Sold out — −2.69 TMQ Trilogy Metals Inc. Sold out — −2.66 MSEX Middlesex Water Co. Sold out — −2.30 LLY Eli Lilly & Co. Sold out — −2.14 SBSW Sibanye-Stillwater Ltd.-ADR Sold out — −2.09 CLDX Celldex Therapeutics Inc. Sold out — −2.01 NEM Newmont Corp. Sold out — −1.98 WBD Warner Bros Discovery Inc. Sold out — −1.70 MPV Barings Participation Invest Sold out — −1.70 WU Western Union Co. Sold out — −1.69 BGH Barings GLBL SHRT Dur Hi YLD Sold out — −1.67 CDE Coeur Mining Inc. Sold out — −1.38 KYN Kayne Anderson Energy Infra Sold out — −1.14 AMX America Movil Sab DE CV Sold out — −1.01 MRK Merck & Co. Inc. Sold out — −0.91 DUK Duke Energy Corp. Sold out — −0.71 HPI John Hancock Prefer Inc. Sold out — −0.70 MCI Barings Corporate Investors Sold out — −0.68 ENB Enbridge Inc. Sold out — −0.65 XPER Xperi Inc. Sold out — −0.60 AWK American Water Works Co. Inc. Sold out — −0.48 PFE Pfizer Inc. Sold out — −0.37 BMY Bristol-Myers Squibb Co. Sold out — −0.35 KRP Kimbell Royalty Partners LP Sold out — −0.31 CSCO Cisco Systems Inc. Sold out — −0.23 GLW Corning Inc. Sold out — −0.23 SAND Sandstorm Gold Ltd. Sold out — −0.19 PBI Pitney Bowes Inc. Sold out — −0.19 WY Weyerhaeuser Co. Sold out — −0.12 CAG Conagra Brands Inc. Sold out — −0.10 ASSERTIO HOLDINGS INC Sold out — −0.06
Portfolio Buys Q1 2025 → Q2 2025 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2025 % Of Portfolio Change To Portfolio ▼ None this quarter.
Notes & Other Activity Q1 2025 → Q2 2025 Security Class Change vs Q1 2025 Shares / Principal Value ▼ NGD New Gold Inc. COM · principal New 4,525,726 $22.4M MLP Maui Land & Pineapple Co. COM · principal New 1,099,641 $20.0M CIG Cia Energetica DE-Spon ADR SP ADR N-V PFD · principal New 9,130,696 $17.9M BVN Cia DE Minas Buenaventur-ADR SPONSORED ADR · principal New 1,003,017 $16.5M CTVA Corteva Inc. COM · principal New 215,054 $16.0M SLV iShares Silver Trust ISHARES · principal New 465,875 $15.3M CWCO Consolidated Water Co.-Ord SH ORD · principal New 486,225 $14.6M ADEA Adeia Inc. COM · principal New 997,478 $14.1M GLD SPDR Gold Shares GOLD SHS · principal New 43,214 $13.2M SBSW Sibanye-Stillwater Ltd.-ADR SPONSORED ADR · principal New 1,820,675 $13.1M XYL Xylem Inc. COM · principal New 99,933 $12.9M NOK Nokia Corp.-Spon ADR SPONSORED ADR · principal New 2,273,192 $11.8M MNKD Mannkind Corp. COM NEW · principal New 2,982,575 $11.2M SSYS Stratasys Ltd. SHS · principal New 920,900 $10.6M WM Waste Management Inc. COM · principal New 41,965 $9.6M FCX Freeport-McMoran Inc. CL B · principal New 215,925 $9.4M NVAX Novavax Inc. COM NEW · principal New 1,399,065 $8.8M TMQ Trilogy Metals Inc. COM · principal New 6,152,500 $8.3M CLDX Celldex Therapeutics Inc. COM NEW · principal New 371,427 $7.6M NEM Newmont Corp. COM · principal New 124,609 $7.3M MSEX Middlesex Water Co. COM · principal New 111,720 $6.1M CDE Coeur Mining Inc. COM NEW · principal New 656,125 $5.8M MPV Barings Participation Invest SH BEN INT · principal New 285,515 $5.7M WBD Warner Bros Discovery Inc. COM SER A · principal New 473,573 $5.4M BGH Barings GLBL SHRT Dur Hi YLD COM · principal New 329,773 $5.1M WU Western Union Co. COM · principal New 440,343 $3.7M AMX America Movil Sab DE CV SPON ADS RP CL B · principal New 193,421 $3.5M KYN Kayne Anderson Energy Infra COM · principal New 264,825 $3.4M MRK Merck & Co. Inc. COM · principal New 36,826 $2.9M DUK Duke Energy Corp. COM NEW · principal New 17,600 $2.1M HPI John Hancock Prefer Inc. SH BEN INT · principal New 129,110 $2.1M ENB Enbridge Inc. COM · principal New 44,449 $2.0M XPER Xperi Inc. COMMON STOCK · principal New 244,138 $1.9M MCI Barings Corporate Investors COM · principal New 86,411 $1.9M PFE Pfizer Inc. COM · principal New 44,100 $1.1M KRP Kimbell Royalty Partners LP UNIT · principal New 67,850 $947K BMY Bristol-Myers Squibb Co. COM · principal New 17,575 $814K GLW Corning Inc. COM · principal New 15,000 $789K CSCO Cisco Systems Inc. COM · principal New 11,350 $787K SAND Sandstorm Gold Ltd. COM NEW · principal New 77,500 $729K PBI Pitney Bowes Inc. COM · principal New 63,900 $697K WY Weyerhaeuser Co. COM NEW · principal New 13,111 $337K CAG Conagra Brands Inc. COM · principal New 11,250 $230K ASSERTIO HOLDINGS INC COM NEW · principal New 316,875 $203K
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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