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Old West Investment Management, LLC 13F Portfolio & Top Holdings (Q2 2026)
Old West Investment Management, LLCCIK: 0001549358
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$944.2M
Reporting period: 2026-06-30 · Number of holdings: 124
Old West Investment Management, LLC disclosed 124 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $944.2M and a quarterly turnover rate of 50.5%.
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Personality snowflake
- Concentration
- 6.45
- Portfolio Stability
- 50.53
- Momentum
- 100
- Sector conviction
- 63.46
- Diversification
- 100
- Sizing Uniformity
- 89.96
Old West Investment Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.016 — mathematically equivalent to about 62 equally-sized positions, well below its 124 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.00), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd ILMN
+446.5% $19.6M
Trim VIRT
-99.0% -$16.9M
Add BRKR
+4.1% $17.0M
New buy EXE
New buy EQT
Trim CNR
-25.0% -$13.1M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | BRKR | Bruker CORP | Stock-Healthcare | 4.25% | +1.74% | +4.07% | |
| 2 | OII | Oceaneering Intl Inc | Stock-Energy | 2.98% | +0.30% | -0.52% | |
| 3 | TDW | Tidewater Inc | Stock-Energy | 2.78% | -0.94% | -4.01% | |
| 4 | LMT | Lockheed Martin CORP | Stock-Industrials | 2.61% | -0.62% | -1.65% | |
| 5 | ILMN | Illumina Inc | Stock-Healthcare | 2.38% | +2.07% | +446.45% | |
| 6 | SU | Suncor Energy Inc | Stock-Energy | 2.38% | -0.58% | +1.25% | |
| 7 | SLB | Slb LTD | Stock-Energy | 2.36% | -0.38% | -2.54% | |
| 8 | CNQ | Canadian Natural Resources | Stock-Energy | 2.33% | -0.68% | -2.17% | |
| 9 | ASML | ASML Holding N.V. | Stock-Tech | 2.32% | +0.52% | -12.30% | |
| 10 | TMQ | Trilogy Metals Inc | Stock-Other | 2.26% | +0.43% | +29.58% | |
| 11 | SWKS | Skyworks Solutions Inc | Stock-Tech | 2.12% | +1.22% | +89.31% | |
| 12 | CCJ | Cameco CORP | Stock-Energy | 2.09% | -0.20% | -0.25% | |
| 13 | NXE | Nexgen Energy LTD | Stock-Other | 2.02% | -0.42% | +4.84% | |
| 14 | AR | Antero Resources CORP | Stock-Energy | 1.99% | -1.00% | -17.73% | |
| 15 | NOK | Nokia Corp-spon Adr | Stock-Tech | 1.91% | +0.57% | -11.63% | |
| 16 | CNR | Core Natural Resources Inc | Stock-Energy | 1.86% | -1.47% | -24.99% | |
| 17 | ACLS | Axcelis Technologies Inc | Stock-Tech | 1.81% | +1.38% | +112.65% | |
| 18 | NTR | Nutrien LTD | Stock-Materials | 1.73% | -1.46% | -33.64% | |
| 19 | APD | Air Products & Chemicals Inc | Stock-Materials | 1.71% | -0.87% | -32.80% | |
| 20 | EXE | Expand Energy CORP | Stock-Energy | 1.69% | +1.69% | NEW | |
| 21 | EQT | Eqt CORP | Stock-Energy | 1.68% | +1.68% | NEW | |
| 22 | BA | Boeing Co/the | Stock-Industrials | 1.59% | +0.58% | +48.11% | |
| 23 | BG | Bunge Global SA | Stock-Consumer Staples | 1.53% | -0.31% | +1.60% | |
| 24 | UNP | Union Pacific CORP | Stock-Industrials | 1.52% | +0.55% | +43.18% | |
| 25 | RIO | Rio Tinto Plc-spon Adr | Stock-Materials | 1.47% | +0.27% | +22.70% | |
| 26 | ✓ | Ferroglobe PLC | Stock-Other | 1.42% | -0.33% | +7.00% | |
| 27 | FLR | Fluor CORP | Stock-Industrials | 1.41% | +1.25% | +697.71% | |
| 28 | FCX | Freeport-mcmoran Inc | Stock-Materials | 1.39% | +0.42% | +37.24% | |
| 29 | RRC | Range Resources CORP | Stock-Energy | 1.36% | -1.22% | -34.61% | |
| 30 | ALB | Albemarle CORP | Stock-Materials | 1.35% | -0.37% | +7.02% | |
| 31 | GEV | GE Vernova Inc | Stock-Industrials | 1.35% | +0.33% | — | |
| 32 | CF | Cf Industries Holdings Inc | Stock-Materials | 1.33% | -1.04% | -31.38% | |
| 33 | AA | Alcoa CORP | Stock-Materials | 1.31% | -0.28% | +6.82% | |
| 34 | NOC | Northrop Grumman CORP | Stock-Industrials | 1.31% | -0.73% | -12.11% | |
| 35 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.18% | +0.07% | +4.57% | |
| 36 | IPX | Iperionx LTD - Adr | Stock-Other | 1.09% | +1.06% | +3140.57% | |
| 37 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 1.08% | +0.30% | +5.64% | |
| 38 | AGI | Alamos Gold Inc-class A | Stock-Materials | 1.08% | -0.47% | +4.18% | |
| 39 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 1.06% | -0.24% | +8.54% | |
| 40 | AMR | Alpha Metallurgical Resource | Stock-Other | 1.05% | +0.24% | +65.08% | |
| 41 | IPGP | Ipg Photonics CORP | Stock-Tech | 1.01% | +0.55% | +118.13% | |
| 42 | GFS | GLOBALFOUNDRIES Inc. | Stock-Tech | 0.99% | +0.26% | -24.66% | |
| 43 | NE | Noble Corporation plc | Stock-Energy | 0.85% | -0.27% | +1.76% | |
| 44 | DOW | Dow Inc | Stock-Materials | 0.81% | -0.30% | +13.92% | |
| 45 | NVTS | Navitas Semiconductor CORP | Stock-Other | 0.81% | +0.75% | +622.30% | |
| 46 | CC | Chemours Co/the | Stock-Materials | 0.76% | — | +9.84% | |
| 47 | WFRD | Weatherford International plc | Stock-Energy | 0.73% | -0.12% | +1.99% | |
| 48 | LYB | LyondellBasell Industries N.V. | Stock-Materials | 0.71% | -0.40% | — | |
| 49 | AMAT | Applied Materials Inc | Stock-Tech | 0.70% | +0.36% | — | |
| 50 | OLN | Olin CORP | Stock-Materials | 0.68% | +0.06% | +68.36% |
1–50 of 124
Portfolio Performance
Performance for Q3 2026
0%
Performance Last 4 Quarters
+49.9%
- Stdev
- +19.2%
- Beta
- +0.83
- Alpha
- +10.9%
- Max Drawdown
- -9.2%
- Annualized Perf
- +29%
- Batting Avg vs S&P
- +61.1%
- Sortino
- +3.29
- Stutzer
- +0.43
- Treynor
- +0.33
- Sterling
- +1.6
- Calmar
- +3.16
- Information Ratio
- +0.47
- Tracking Error
- +16.1%
- Stdev Down
- +8.3%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +82.3%
- Worst 12 Months
- +1.3%
- Efficiency Ratio
- +0.67
- Sharpe
- +1.43
- Stdev Sectors
- +10.5%
- Skewness
- +0.28
- Kurtosis
- -0.64
- Upside Potential
- +5.09
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 124 | $944.2M | 51 | ||
| 2026 Q1 | 123 | $922.6M | 78 | ||
| 2025 Q4 | 102 | $560.2M | 40 | ||
| 2025 Q3 | 86 | $436.0M | 67 | ||
| 2025 Q2 | 62 | $303.3M | 0 | ||
| 2025 Q1 | 59 | $277.2M | 100 | ||
| 2024 Q4 | 55 | $246.8M | 0 | ||
| 2024 Q3 | 58 | $258.6M | 0 | ||
| 2024 Q2 | 58 | $226.7M | 0 | ||
| 2024 Q1 | 53 | $197.8M | 0 | ||
| 2023 Q4 | 39 | $194.5M | 0 | ||
| 2023 Q3 | 42 | $198.1M | 0 | ||
| 2023 Q2 | 42 | $191.1M | 0 | ||
| 2023 Q1 | 56 | $185.8M | 0 | ||
| 2022 Q4 | 42 | $159.9M | 0 | ||
| 2022 Q3 | 41 | $141.2M | 0 | ||
| 2022 Q2 | 42 | $143.0M | 0 | ||
| 2022 Q1 | 40 | $186.0M | 0 | ||
| 2021 Q4 | 48 | $204.1M | 0 | ||
| 2021 Q3 | 58 | $383.2M | 0 | ||
| 2021 Q2 | 61 | $483.7M | 100 | ||
| 2021 Q1 | 66 | $478.1M | 95 | ||
| 2020 Q4 | 60 | $441.3M | 47 | ||
| 2020 Q3 | 57 | $434.0M | 74 | ||
| 2020 Q2 | 56 | $337.8M | 97 | ||
| 2020 Q1 | 54 | $133.0M | 99 | ||
| 2019 Q4 | 68 | $271.6M | 72 | ||
| 2019 Q3 | 65 | $170.5M | 59 | ||
| 2019 Q2 | 73 | $212.4M | 45 | ||
| 2019 Q1 | 74 | $276.7M | 47 | ||
| 2018 Q4 | 84 | $371.0M | 100 | ||
| 2018 Q3 | 86 | $242.2M | 47 | ||
| 2018 Q2 | 76 | $199.0M | 55 | ||
| 2018 Q1 | 81 | $173.5M | 52 | ||
| 2017 Q4 | 73 | $175.6M | 34 | ||
| 2017 Q3 | 66 | $190.4M | 27 | ||
| 2017 Q2 | 67 | $187.4M | 36 | ||
| 2017 Q1 | 61 | $188.4M | 57 | ||
| 2016 Q4 | 55 | $163.7M | 47 | ||
| 2016 Q3 | 50 | $137.5M | 37 | ||
| 2016 Q2 | 57 | $137.0M | 31 | ||
| 2016 Q1 | 60 | $119.4M | 51 | ||
| 2015 Q4 | 66 | $110.8M | 30 | ||
| 2015 Q3 | 73 | $131.5M | 31 | ||
| 2015 Q2 | 75 | $143.7M | 25 | ||
| 2015 Q1 | 79 | $148.7M | 28 | ||
| 2014 Q4 | 82 | $161.7M | 37 | ||
| 2014 Q3 | 82 | $158.7M | 31 | ||
| 2014 Q2 | 80 | $168.2M | 19 | ||
| 2014 Q1 | 83 | $160.7M | 27 | ||
| 2013 Q4 | 84 | $165.7M | 55 | ||
| 2013 Q3 | 81 | $210.0M | 34 | ||
| 2013 Q2 | 79 | $203.7M | — |
Holding changes this quarter
Old West Investment Management, LLC's most significant position changes for 2026-06-30: New buy: Expand Energy CORP (EXE); New buy: Eqt CORP (EQT); Sold out: Viper Energy Inc-cl A (VNOM); Sold out: Ss&c Technologies Holdings (SSNC); Sold out: Valaris Limited (VAL).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ILMN | Illumina Inc | +2.1% | +446.45% | Add |
| 2 | BRKR | Bruker CORP | +1.7% | +4.07% | Add |
| 3 | EXE | Expand Energy CORP | +1.7% | NEW | New buy |
| 4 | EQT | Eqt CORP | +1.7% | NEW | New buy |
| 5 | ACLS | Axcelis Technologies Inc | +1.4% | +112.65% | Add |
| 6 | FLR | Fluor CORP | +1.3% | +697.71% | Add |
| 7 | SWKS | Skyworks Solutions Inc | +1.2% | +89.31% | Add |
| 8 | IPX | Iperionx LTD - Adr | +1.1% | +3140.57% | Add |
| 9 | NVTS | Navitas Semiconductor CORP | +0.8% | +622.30% | Add |
| 10 | F | Ford Motor Co | +0.7% | +1929.40% | Add |
| 11 | CLF | Cleveland-cliffs Inc | +0.6% | NEW | New buy |
| 12 | BA | Boeing Co/the | +0.6% | +48.11% | Add |
| 13 | NOK | Nokia Corp-spon Adr | +0.6% | -11.63% | Trim |
| 14 | UNP | Union Pacific CORP | +0.6% | +43.18% | Add |
| 15 | IPGP | Ipg Photonics CORP | +0.6% | +118.13% | Add |
| 16 | ASML | ASML Holding N.V. | +0.5% | -12.30% | Trim |
| 17 | WOLF | Wolfspeed Inc | +0.5% | +354.22% | Add |
| 18 | TECK | Teck Resources Ltd-cls B | +0.5% | NEW | New buy |
| 19 | TMQ | Trilogy Metals Inc | +0.4% | +29.58% | Add |
| 20 | CRK | Comstock Resources Inc | +0.4% | NEW | New buy |
| 21 | FCX | Freeport-mcmoran Inc | +0.4% | +37.24% | Add |
| 22 | TMO | Thermo Fisher Scientific Inc | +0.4% | +340.69% | Add |
| 23 | AMAT | Applied Materials Inc | +0.4% | — | Unchanged |
| 24 | GEV | GE Vernova Inc | +0.3% | — | Unchanged |
| 25 | OII | Oceaneering Intl Inc | +0.3% | -0.52% | Trim |
| 26 | VRT | Vertiv Holdings Co-a | +0.3% | +5.64% | Add |
| 27 | RIO | Rio Tinto Plc-spon Adr | +0.3% | +22.70% | Add |
| 28 | GFS | GLOBALFOUNDRIES Inc. | +0.3% | -24.66% | Trim |
| 29 | STLA | Stellantis N.V. | +0.3% | NEW | New buy |
| 30 | AMR | Alpha Metallurgical Resource | +0.2% | +65.08% | Add |
| 31 | LRCX | Lam Research CORP | +0.2% | NEW | New buy |
| 32 | VECO | Veeco Instruments Inc | +0.2% | -22.60% | Trim |
| 33 | MKSI | Mks Inc | +0.2% | — | Unchanged |
| 34 | VZ | Verizon Communications Inc | +0.2% | +399.98% | Add |
| 35 | CAT | Caterpillar Inc | +0.2% | — | Unchanged |
| 36 | COHR | Coherent CORP | +0.2% | — | Unchanged |
| 37 | CSX | Csx CORP | +0.1% | +12.55% | Add |
| 38 | MTRN | Materion CORP | +0.1% | +13.20% | Add |
| 39 | KMI | Kinder Morgan, Inc. | +0.1% | +254.25% | Add |
| 40 | CNI | Canadian Natl Railway Co | +0.1% | +12.86% | Add |
| 41 | CBT | Cabot CORP | +0.1% | NEW | New buy |
| 42 | VALE | Vale Sa-sp Adr | +0.1% | +86.20% | Add |
| 43 | RAL | Ralliant CORP | +0.1% | +10.79% | Add |
| 44 | EWBC | East West Bancorp Inc | +0.1% | — | Unchanged |
| 45 | CP | Canadian Pacific Kansas City | +0.1% | +13.37% | Add |
| 46 | KEYS | Keysight Technologies In | +0.1% | — | Unchanged |
| 47 | ATKR | Atkore Inc | +0.1% | +74.67% | Add |
| 48 | OKE | Oneok Inc | +0.1% | NEW | New buy |
| 49 | ENPH | Enphase Energy Inc | +0.1% | NEW | New buy |
| 50 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | +4.57% | Add |
1–50 of 137
Filing History
FAQ
What is Old West Investment Management, LLC and what type of investor is it?
Old West Investment Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $944.2M, spread across 124 disclosed positions.
What are Old West Investment Management, LLC's largest equity positions?
Based on the latest 13F filing, Old West Investment Management, LLC's top holdings by market value are:
1. Bruker CORP (BRKR) — $40.1M (4.3%)
2. Oceaneering Intl Inc (OII) — $28.1M (3.0%)
3. Tidewater Inc (TDW) — $26.2M (2.8%)
4. Lockheed Martin CORP (LMT) — $24.7M (2.6%)
5. Illumina Inc (ILMN) — $22.5M (2.4%)
What changes did Old West Investment Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Old West Investment Management, LLC made 107 notable position adjustments: 14 new positions were initiated, 56 existing holdings were added to, 24 positions were partially reduced, and 13 were completely exited. The largest of these moves: New buy: Expand Energy CORP (EXE); New buy: Eqt CORP (EQT); Sold out: Viper Energy Inc-cl A (VNOM); Sold out: Ss&c Technologies Holdings (SSNC); Sold out: Valaris Limited (VAL)
What sectors does Old West Investment Management, LLC focus on?
Old West Investment Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Energy: 32.0%
• Materials: 21.3%
• Industrials: 17.4%
• Information Technology: 16.1%
• Health Care: 8.4%
• Consumer Staples: 1.8%
Investment Profile
Old West Investment Management, LLC returned an annualized 29.0% over the trailing 36 months — outperforming the S&P 500 by 10.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.83 (less volatile than the market) and a 61% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 32.0% of the portfolio concentrated in Energy.
Its turnover score has risen from 0 to 51 over the past 4 quarters — a shift toward more active trading.
It has added to its ACLS position over the past two quarters (+$15.7M, now $17.1M), while trimming ELAN over the same stretch (-$11.1M, still holding $222.7K).
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